Top Primary Miners Now Paying The Market $2 To Take Their Silver?

According to the poor financial results in the first quarter of the year, the top primary silver miners are now likely paying the market $2 an ounce to take their silver. And, the financial situation for these silver producing companies may even worsen in the second-quarter if the oil price continues to increase while the silver price remains weak.

I have to say; it is a real shame that the few companies in the world that are producing REAL WEALTH are not being paid a decent price for their product. While the Amazons, Netflixes, Apples, and Facebooks of the world are providing a great deal of technology and service to the market, these companies and their products are not “Stores of Value”.

Why? Well, as soon as a new Apple I-phone is sold, it begins to deteriorate and likely becomes obsolete (or broken) within five years, which is precisely why the company makes a fortune upgrading and providing new I-phones. Don’t get me wrong, I have to applaud Apple for developing a high-tech consumption racket for the masses, but again, they are not stores of wealth. Furthermore, it takes a tremendous amount of energy in the massive supply-chain system to provide these increasingly complex and advanced I-phones.

Moreover, highly advanced technologies don’t last as long as they are inherently fragile. I can assure you that if you take an I-phone and a silver coin and place them in a chest underwater for 100 years, the silver coin will still be usable, but the I-phone will be toast. Thus, the reason gold and silver win the title of being the top “Stores of Wealth.”

I will be putting together a video on this subject matter in the next few weeks.  However, the typical investor no longer understands what “Stores of Wealth” are because they have been brainwashed to believe DEBTS = ASSETS. We must remember, debts are nothing more than ENERGY IOU’s, while gold and silver are stores of “ECONOMIC ENERGY”… Big difference.

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Barry Hochhauser 9 months ago Member's comment

For the most recent Q, $AG reported a vastly different AISC than the # in this article (& gonna get even better, they claim).