How Wars Devoured Silver: The Industrial Demand for Silver During Unending Wars
Proof that War Use of Silver Absorbs all Domestic and Foreign Silver Mining Output
Facts:
The year of this Congressional hearing was 1942, and the purpose of the hearing was to authorize The Use of Silver for War Purposes.
It's fascinating to note that this decision was made prior to the realization of Silver's critical importance in various modern technologies. Silver has become an integral part of our technological advancements, from solar energy, computers and mobile phones to electric trains and hospital equipment (and the larger aerospace applications such as satellites, rockets, space stations, drones, et al)
This was also before the Manhattan Project, a top-secret research program that used 400,000 (1,000-ounce bars) of Silver, a total of 400 Million ounces. This significant usage of Silver was half of what the Silver Institute claims is the Global total mining output, underscoring the impact of technological advancements on Silver demand.
The first admission that Silver out of Idaho is double that of Mexico, which we can deduce is because of differences in labor cost (Mexico is still under neo-colonialism)
Moreover:
The US Government holds a significant Silver reserve of 3.3 Billion ounces
1/3 was of that or 1.1 Billion was used to back Silver certificates.
This practice demonstrates the government's role in managing strategic resources and maintaining the stability or price fixing of the Silver market.
Here is the Zinger:
What I have been saying all along and criticized for by my inferior colleagues…
WAR DEMANDS WILL ENCROACH UPON AND EVENTUALLY ABSORB THE DOMESTIC PRODUCTION AS WELL AS FOREIGN SILVER. This is a crucial point that cannot be overstated, as the demands of war can significantly alter the dynamics of silver production.
Let's not forget, the larger uses of Silver, such as advanced submarines, torpedoes, rockets, satellites, space stations, and space craft, were yet to be invented, hinting at another industrial #silversqueeze (technological future in near horizon)
Also, we must see how ore grades were significantly better in the 1930s and 1940s.
I recall a chart by Stephen St. Angelo showing silver grades in Idaho could yield 40 ounces per ton whereas now that number is around 3 ounces per ton representing a 92.5% percentage in ore grade degradation (decay)
So there you have it again, another Silver Smoking gun brought to you by The Silver Academy.
Please remember that The Silver Institute delivers deceptive data (intentionally)
Whereas The Silver Academy believes in 3 things:
1. Courage in Journalism
2. Pulling the Knowledge from the Noise
3. Casting Light on the Darkness
More information at SilverWars.org (we have over 1,200 bits of data like this one we shared today.)
Each day we will keep releasing more and more like the Wikileaks of Silver