Silver biggest beneficiary Green Energy Transition

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Silver continues to be the biggest beneficiary as US focus on green energy transition - Bank of America

Bank of America said silver's supply deficit is expected to reach 125% by 2030.

In comparison, copper, another metal critical to the green energy transition, is expected to see a supply deficit of 17%, while the lithium market is expected to have a supply deficit of 65%.

Read full article: https://www.kitco.com/news/2023-07-2...f-America.html

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https://www.alternative-energy.com.a...ad.php?t=10364

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ETPMAG, or Global X Physical Silver, is an Exchange Traded Commodity (ETC) that is listed on the Australian Securities Exchange (ASX). It is designed to offer investors a simple, cost-efficient, and secure way to access silver by providing a return equivalent to the movements in the silver spot price less the applicable management fee.

ETPMAG trades on the ASX just like an equity, is settled and held in ordinary brokerage accounts, and its pricing and tracking operates similarly to an Exchange Traded Fund (ETF). However, unlike an ETF, ETCs are backed by physical assets, in this case silver bullion. This means that there is no credit risk associated with ETPMAG, as the silver bullion is held by a custodian on behalf of investors.

The management fee for ETPMAG is 0.45% per annum. This is relatively low compared to other silver investment products, such as physical silver coins or bars.

Here are some additional details about ETPMAG:

The silver bullion backing ETPMAG is held by JPMorgan Chase Bank, N.A., in a segregated account.
ETPMAG is physically backed by 100% silver bullion.
The minimum investment is AUD 100.
The daily liquidity of ETPMAG is typically high.

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I asked Bard: Is there sufficient silver for the world to become an electron economy?

Here is Bard's answer:

There is sufficient silver for the world to become an electron economy, but it would require significant investment in recycling and new mining technologies.

The current annual global production of silver is about 800 million ounces. This is enough to meet current demand for silver in all its applications, including electronics, jewelry, photography, and industrial uses. However, if the world were to transition to an electron economy, demand for silver would increase significantly.

The International Energy Agency estimates that the world would need to produce an additional 1.6 billion ounces of silver per year by 2040 to meet the demand for silver in electric vehicles, solar panels, and other renewable energy technologies. This would require a major increase in silver mining and recycling.

There are a number of challenges to increasing silver production. Silver is a relatively rare metal, and its reserves are limited. In addition, silver mining can be environmentally harmful. However, there are a number of new technologies that could help to increase silver production in a more sustainable way.

One promising technology is in-situ recovery (ISR), which allows silver to be extracted from ore without having to mine it. ISR is already being used to extract silver from some mines, and it has the potential to be used to extract silver from much larger reserves.

Another promising technology is biomining, which uses bacteria to extract silver from ore. Biomining is still in its early stages of development, but it has the potential to be a more environmentally friendly way to extract silver.

If these technologies are developed and scaled up, it is possible that there will be sufficient silver to meet the demand for an electron economy. However, it will require significant investment and coordination between governments, mining companies, and technology developers.

Here are some additional things to consider:

The price of silver would likely increase significantly if the world were to transition to an electron economy. This could make it more difficult for some people to afford silver-containing products.

The environmental impact of silver mining would also need to be carefully considered. ISR and biomining could help to reduce the environmental impact of silver mining, but they are not without their own environmental challenges.

Overall, the question of whether there is sufficient silver to become an electron economy is a complex one. There are a number of factors to consider, including the availability of silver, the cost of silver, and the environmental impact of silver mining. It is likely that a combination of mining, recycling, and new technologies will be needed to meet the demand for silver in an electron economy.

In addition to the above, here are some other things to consider:

The development of new technologies that use less silver. For example, there is research being done on developing solar cells that do not use silver.

The recycling of silver. Silver can be recycled many times, so it is important to collect and recycle silver whenever possible.

The use of alternative materials. There are some alternative materials that can be used in place of silver in some applications. For example, copper can be used instead of silver in some electrical applications.

It is too early to say for sure whether there will be sufficient silver to meet the demand for an electron economy. However, it is clear that there are a number of challenges that need to be addressed before this can happen.