@coastaljerseyguy said:
But if the Samsung marketing material is correct, a full charge in under 10 minutes is a big plus for the larger, heavier cars. Below is what they are reporting for charging these cars at home and their mileage range.
I do not deny any of the remarkable properties claimed of the SSBs (very fast charging times, substantially greater energy density than current batteries, supposedly no risk of spontaneous combustion). I don't know enough about the science behind it to understand if it's true or not but there is no denying that, ignoring cost, these things are absolutely amazing and would make an EV car very, very attractive to people who would otherwise never consider buying an EV car.
@Wingsrule said:
Many, many new technologies get put into high end products first as the exorbitant costs are easier to cover.
The problem is the high cost of materials which will never get less expensive with more units sold. New technologies typically cost more money initially as the R&D costs are paid off first by wealthier customers and then everyday customers as automation and improving processes drives down the cost of manufacturing the new technologies.
It seems unlikely, in my opinion, that silver's cost is going to get lower as more silver is sold and consumed. If the one kilogram per SSB is true and silver is $100/ozt, that's $3,200 in silver costs alone for the battery.
Yes, that's the economic side of the argument that the straight bulls are ignoring. People are calling for $200 to $300 silver. If so, the economic cost will outweigh improved performance. Solar energy is barely competitive now. Same with EVs. You can't pile on more costs and not have people settle for lower performance at a better cost.
The whole point of price discovery for a commodity is to find the balance point between supply and demand. If supply is elastic (silver really isn't), then increased price causes increased supply. If the demand is elastic, then increased price causes decreased demand. It will eventually find the equilibrium position. I wish I was smart enough to know that exact number, but I'm pretty sure it is not $200 in the near term because of the lack of competitiveness of EVs and PVs.
Of course, a huge increase in the price of fossil fuels could shift the equilibrium position to a higher number.
All comments reflect the opinion of the author, even when irrefutably accurate.
@jmlanzaf said:
no, it's not. The refiners can't refine it fast enough because there is an absolute glut of silver in the pipeline. There seems to be a lot of hoarding, even by governments (China), resulting in stuffing material into vaults. The refiners have had to increase output for 1000 oz Comex bars to settle accounts in London and Shanghai. This is not "demand" but hoarding. This is likely driven by two speculative goals: dollar fears and future demand for silver. There is, see chart, no current surge in demand for silver.
Now, I don't know where the top is. I don't know what the long term equilibrium price is. I don't know what future demand is. But I am very suspicious of a commodity when everyone is jumping on the same side of the trade. And, worse, people who have never bought silver or PMs before are showing up at all the local shops wanting to jump on the train because they've heard all the "to the moon!" hype. There's an old Wall Street saying, "when your cabbie is giving you stock tips, it's time to sell".
.
No.
What is happening is a world-wide diversification out of the US Dollar and into tangible assets that can be bought with dollars. Have you looked at the Dollar Index recently ?
Governments "hoard" gold as a monetary asset, and have done so for many years.
Silver has also been getting some traction in this regard, but apparently not yet to the same status as gold.
But this elevated status, combined with silver's industrial usefulness, has propelled the price upwards.
.
Governments hoard gold, but that isn't an industrial metal like silver. A government is not going to hoard silver at the expense of their own industries.
All comments reflect the opinion of the author, even when irrefutably accurate.
@jmlanzaf said:
no, it's not. The refiners can't refine it fast enough because there is an absolute glut of silver in the pipeline. There seems to be a lot of hoarding, even by governments (China), resulting in stuffing material into vaults. The refiners have had to increase output for 1000 oz Comex bars to settle accounts in London and Shanghai. This is not "demand" but hoarding. This is likely driven by two speculative goals: dollar fears and future demand for silver. There is, see chart, no current surge in demand for silver.
Now, I don't know where the top is. I don't know what the long term equilibrium price is. I don't know what future demand is. But I am very suspicious of a commodity when everyone is jumping on the same side of the trade. And, worse, people who have never bought silver or PMs before are showing up at all the local shops wanting to jump on the train because they've heard all the "to the moon!" hype. There's an old Wall Street saying, "when your cabbie is giving you stock tips, it's time to sell".
.
No.
What is happening is a world-wide diversification out of the US Dollar and into tangible assets that can be bought with dollars. Have you looked at the Dollar Index recently ?
Governments "hoard" gold as a monetary asset, and have done so for many years.
Silver has also been getting some traction in this regard, but apparently not yet to the same status as gold.
But this elevated status, combined with silver's industrial usefulness, has propelled the price upwards.
.
Governments hoard gold, but that isn't an industrial metal like silver. A government is not going to hoard silver at the expense of their own industries.
.
What do you think Saudi Arabia is going to do with the silver they bought ?
@jmlanzaf said:
no, it's not. The refiners can't refine it fast enough because there is an absolute glut of silver in the pipeline. There seems to be a lot of hoarding, even by governments (China), resulting in stuffing material into vaults. The refiners have had to increase output for 1000 oz Comex bars to settle accounts in London and Shanghai. This is not "demand" but hoarding. This is likely driven by two speculative goals: dollar fears and future demand for silver. There is, see chart, no current surge in demand for silver.
Now, I don't know where the top is. I don't know what the long term equilibrium price is. I don't know what future demand is. But I am very suspicious of a commodity when everyone is jumping on the same side of the trade. And, worse, people who have never bought silver or PMs before are showing up at all the local shops wanting to jump on the train because they've heard all the "to the moon!" hype. There's an old Wall Street saying, "when your cabbie is giving you stock tips, it's time to sell".
.
No.
What is happening is a world-wide diversification out of the US Dollar and into tangible assets that can be bought with dollars. Have you looked at the Dollar Index recently ?
Governments "hoard" gold as a monetary asset, and have done so for many years.
Silver has also been getting some traction in this regard, but apparently not yet to the same status as gold.
But this elevated status, combined with silver's industrial usefulness, has propelled the price upwards.
.
Governments hoard gold, but that isn't an industrial metal like silver. A government is not going to hoard silver at the expense of their own industries.
.
What do you think Saudi Arabia is going to do with the silver they bought ?
.
What silver did they buy? ETFs? You've said that isnt silver.
Their investment fund bought ETFs for investment, not industry.
JMHO, but whenever the spot goes up quickly like this I don’t believe it has anything at all to do with demand, it has everything to do with manipulation.
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety," --- Benjamin Franklin
@Maywood said:
JMHO, but whenever the spot goes up quickly like this I don’t believe it has anything at all to do with demand, it has everything to do with manipulation.
Good luck getting anyone around here to understand that. The gutter has convinced them that it's only manipulation on the way down. Crazy world. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@jmlanzaf said:
no, it's not. The refiners can't refine it fast enough because there is an absolute glut of silver in the pipeline. There seems to be a lot of hoarding, even by governments (China), resulting in stuffing material into vaults. The refiners have had to increase output for 1000 oz Comex bars to settle accounts in London and Shanghai. This is not "demand" but hoarding. This is likely driven by two speculative goals: dollar fears and future demand for silver. There is, see chart, no current surge in demand for silver.
Now, I don't know where the top is. I don't know what the long term equilibrium price is. I don't know what future demand is. But I am very suspicious of a commodity when everyone is jumping on the same side of the trade. And, worse, people who have never bought silver or PMs before are showing up at all the local shops wanting to jump on the train because they've heard all the "to the moon!" hype. There's an old Wall Street saying, "when your cabbie is giving you stock tips, it's time to sell".
.
No.
What is happening is a world-wide diversification out of the US Dollar and into tangible assets that can be bought with dollars. Have you looked at the Dollar Index recently ?
Governments "hoard" gold as a monetary asset, and have done so for many years.
Silver has also been getting some traction in this regard, but apparently not yet to the same status as gold.
But this elevated status, combined with silver's industrial usefulness, has propelled the price upwards.
.
Governments hoard gold, but that isn't an industrial metal like silver. A government is not going to hoard silver at the expense of their own industries.
.
What do you think Saudi Arabia is going to do with the silver they bought ?
.
What silver did they buy? ETFs? You've said that isnt silver.
Their investment fund bought ETFs for investment, not industry.
.
A large holder like Saudi Arabia could potentially take delivery of physical silver from SLV (and maybe they have).
A typical SLV speculator can never do that.
Saudi Arabia does not really have their "own industries" that consume silver.
But it is apparent that they wanted higher silver prices.
That is why they announced their SLV purchase instead of keeping it quiet.
@jmlanzaf said:
no, it's not. The refiners can't refine it fast enough because there is an absolute glut of silver in the pipeline. There seems to be a lot of hoarding, even by governments (China), resulting in stuffing material into vaults. The refiners have had to increase output for 1000 oz Comex bars to settle accounts in London and Shanghai. This is not "demand" but hoarding. This is likely driven by two speculative goals: dollar fears and future demand for silver. There is, see chart, no current surge in demand for silver.
Now, I don't know where the top is. I don't know what the long term equilibrium price is. I don't know what future demand is. But I am very suspicious of a commodity when everyone is jumping on the same side of the trade. And, worse, people who have never bought silver or PMs before are showing up at all the local shops wanting to jump on the train because they've heard all the "to the moon!" hype. There's an old Wall Street saying, "when your cabbie is giving you stock tips, it's time to sell".
.
No.
What is happening is a world-wide diversification out of the US Dollar and into tangible assets that can be bought with dollars. Have you looked at the Dollar Index recently ?
Governments "hoard" gold as a monetary asset, and have done so for many years.
Silver has also been getting some traction in this regard, but apparently not yet to the same status as gold.
But this elevated status, combined with silver's industrial usefulness, has propelled the price upwards.
.
Governments hoard gold, but that isn't an industrial metal like silver. A government is not going to hoard silver at the expense of their own industries.
.
What do you think Saudi Arabia is going to do with the silver they bought ?
.
What silver did they buy? ETFs? You've said that isnt silver.
Their investment fund bought ETFs for investment, not industry.
.
A large holder like Saudi Arabia could potentially take delivery of physical silver from SLV (and maybe they have).
A typical SLV speculator can never do that.
No they can not.
Saudi Arabia does not really have their "own industries" that consume silver.
Maybe they should...lots of sunshine there.
But it is apparent that they wanted higher silver prices.
That is why they announced their SLV purchase instead of keeping it quiet.
>
Their holdings are public record. Or are you saying they manipulated prices higher?
@TwoSides2aCoin said:
Silver does this kind of thing about every 20 years. Settle down and see how boring it gets. Then start amassing again.
Every 20-30 years but yeah, whose counting. The problem is that the gutter has brainwashed some to the point that they continuously fail to unload during these manipulated pumps. They don't call it life in the gutter for nothing. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@TwoSides2aCoin said:
Silver does this kind of thing about every 20 years. Settle down and see how boring it gets. Then start amassing again.
Hmmm… silver getting boring again? I get that chart humpers maintain that this is what silver does once a generation but that is very shortsighted analysis. Good luck with that this go around.
Comments
Yes, that's the economic side of the argument that the straight bulls are ignoring. People are calling for $200 to $300 silver. If so, the economic cost will outweigh improved performance. Solar energy is barely competitive now. Same with EVs. You can't pile on more costs and not have people settle for lower performance at a better cost.
The whole point of price discovery for a commodity is to find the balance point between supply and demand. If supply is elastic (silver really isn't), then increased price causes increased supply. If the demand is elastic, then increased price causes decreased demand. It will eventually find the equilibrium position. I wish I was smart enough to know that exact number, but I'm pretty sure it is not $200 in the near term because of the lack of competitiveness of EVs and PVs.
Of course, a huge increase in the price of fossil fuels could shift the equilibrium position to a higher number.
All comments reflect the opinion of the author, even when irrefutably accurate.
Governments hoard gold, but that isn't an industrial metal like silver. A government is not going to hoard silver at the expense of their own industries.
All comments reflect the opinion of the author, even when irrefutably accurate.
Looks like that gutter correction is happening...
.
What do you think Saudi Arabia is going to do with the silver they bought ?
.
What silver did they buy? ETFs? You've said that isnt silver.
Their investment fund bought ETFs for investment, not industry.
Knowledge is the enemy of fear
JMHO, but whenever the spot goes up quickly like this I don’t believe it has anything at all to do with demand, it has everything to do with manipulation.
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety," --- Benjamin Franklin
Good luck getting anyone around here to understand that. The gutter has convinced them that it's only manipulation on the way down. Crazy world. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Perhaps that's because they live where there are no two way streets!!
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety," --- Benjamin Franklin
.
A large holder like Saudi Arabia could potentially take delivery of physical silver from SLV (and maybe they have).
A typical SLV speculator can never do that.
Saudi Arabia does not really have their "own industries" that consume silver.
But it is apparent that they wanted higher silver prices.
That is why they announced their SLV purchase instead of keeping it quiet.
.
No they can not.
Maybe they should...lots of sunshine there.
>
Their holdings are public record. Or are you saying they manipulated prices higher?
Knowledge is the enemy of fear
Economic chess game.
"A dog breaks your heart only one time and that is when they pass on". Unknown
Silver does this kind of thing about every 20 years. Settle down and see how boring it gets. Then start amassing again.
``https://ebay.us/m/KxolR5
Every 20-30 years but yeah, whose counting. The problem is that the gutter has brainwashed some to the point that they continuously fail to unload during these manipulated pumps. They don't call it life in the gutter for nothing. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Hmmm… silver getting boring again? I get that chart humpers maintain that this is what silver does once a generation but that is very shortsighted analysis. Good luck with that this go around.
COPPER is gutter !
