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Silver

Mining CEO Warns Of Massive Deficits: “We’re At Critical Levels… Less Than 10 Days Of Supply”

Mac Slavo
January 21st, 2018
SHTFplan.com
Comments (72)
Read by 21,318 people

With much of the investment world focused on crypto currencies and blockchain, it’s no surprise that the fundamental building blocks of the physical world have been ignored for so long. The focus in recent years has been on mining digital assets, but in the real world mining companies that specialize in essential metals like silver and zinc have been warning of massive deficits that, as SGT Report notes in a recent interview with Callinex Mines CEO Max Porterfield, could easily lead to supply shortages.

With President Trump recently announcing a national infrastructure budget of over $1 trillion dollars and tensions on the Korean peninsula mounting, prices for base metals could rise sharply in coming months and years. Max Porterfield explains:

The growing conflict between North Korea and the United States continues to get stronger… North Korea doesn’t seem to be backing down at all…. This is going to potentially have a dramatic impact on the zinc market… People don’t realize that 55% of refined zinc production comes from three countries… China, Japan and South Korea…

The zinc market is already very, very tight… we’re in a supply deficit… you look at zinc inventories and those inventories are less than 10 days of zinc supply… and it has declined over 85% since 2012… we’re at critical levels. 

The following chart shows just how much stockpiles are plummeting while demand continues to rise:

30-day-zinc-lme

In short, one misstep and the entire supply side could run dry. Which would mean that the prices for base metals used to manufacture most of the products and infrastructure we use on a daily basis could skyrocket:

On a global basis zinc is the fourth most consumed metal in the world… it’s used in pretty much everyday life in just about everything that everyone uses… we take it for granted.

… You can’t build a building with a crypto currency, but you sure can with zinc, iron ore and copper and those types of commodities we use and rely on everyday of our lives.

The crypto craze will likely continue going forward, but physical assets will always reign in the end. Highlighting this reality, SGT Report and Max Porterfield note that even precious metals brokers are now starting to accept Bitcoin because of rising demand from blockchain investors who want to convert their digital bits and bytes into hard assets.

The reasoning behind such a move, explains Porterfield, is very simple and shows just why value will soon return to the physical mining space:

No one can hack your gold.

Learn more about Max Porterfield at Callinex Mines

For more interviews like the one you just watched visit SGT Report

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Author: Mac Slavo
Views: Read by 21,318 people
Date: January 21st, 2018
Website: www.SHTFplan.com

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72 Comments...

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  1. Anonymous says:

    Yeah, I’ll take gold over bitcoin any day.

    • Genius says:

      That’s what happens with overpopulation, you run out of resources. Next comes wars for resources, then depletion and starvation. One way or another this overpopulated retard ranch is going to cull it’s consumers big time.

      • Gandhi says:

        i am getting low on supply of patients, we need SHTF now already!

      • KookyKarl says:

        So how come were not all dead yet??

        ht tp://www.breitbart.com/big-government/2018/01/17/fifty-years-on-from-paul-ehrlichs-the-population-bomb-so-how-come-were-not-all-dead-yet/

        • Genius says:

          Thats an easy answer. Because most mines are just now declining and landfills and water are at peak. I sometimes work with mining equipment people that travel the world and they say it is going down in production as all the easy stuff is almost gone. Then what? Recycle? Mark my words, in 100 years this planet will be like mad max! Please apologize to your kids now for selfishly putting them through whats inevitably coming ok….

          • Oddfellow says:

            And how many years ago is it they tried to scare the public with “peak oil”?

            Still didn’t happen, did it?

            Last time when they discovered huge new off-coast oil reserves in Brazil, the media relating it were just about exhilarated. And not even one mention of the additional human produced CO2….

            • We went from global cooling in the 70’s, to overpopulation and Soylant Green, to nuclear war and “The Day After,” in the 80’s, then peak oil in the 90’s, which didn’t work because we found billions of more barrels in the U.S. and now we have opened Alaska and the U.S. Coasts, to global warming, to environmental disaster and “The Day After Tomorrow,” “An Inconvenient Truth Pt 1” and the, climate change because global warming didn’t work anymore, the “An Inconvenient Truth Pt 2” which no one went to see because even the hardcore enviro-commies knew it was all bullshit.

              • Oddfellow says:

                Global warming does work. The mean temperature of the coldest days of the year is on the increase.

                Granted there is still Summer ice in the Arctic Sea, and all glaciers didn’t melt yet, but it seems to be slowly but steadily going forward.

        • Oddfellow says:

          Because events which kill everything in one fell swoop are very rare.

      • Old Codger says:

        Genius,

        Without a doubt! Not in my lifetime, but will in many here.

      • laura ann says:

        Genius: agree 100%, this planet only has so many resources and planet retard will have to do something. Out of breeding control by morons who cannot come to their senses on what causes over breeding, then use birth control/sterilization. One kid is enough in 2018. By 2025 massive population reduction by the globalists.

        • Oddfellow says:

          This breeding control is a dangerous thing. There are populations which multiply to a vastly higher extent than others. In many if not most European countries already the original populations are lagging behind in procreation, and the larger part of births is made up of immigrants. So you can see this will generate problems.

      • TharSheBlows says:

        No one can hack your Gold? I say BS!!! Its hacked everyday with paper shorters controlling physical gold price with phony paper as the price is manipulated with pennies on the dollar leverage shorting. Silver should be at about $28 right now but struggles @ $17. Your food is hacked with GMO’s your TV is hacked with Fake News, cell phones to vacines to your fraudbook page. Get real!! My Guns and ammo are not hacked. So let em have it!!! Lead first!! I own a lot of Silver and know its being hacked daily.

        • roddy6667 says:

          Gold and silver are NOT being hacked. The secondary market, a world of bets on prices and scarcity, can be. If you have real physical gold and silver for the long haul, these markets are meaningless.If you are a short term trader (gambler) it’s another story.

        • 2018 Is Now says:

          Patience my friend, they can only hold it down for so long.
          There is something called the London Gold Fix. This too shall pass.

      • Punwik says:

        So on point man! I absolutely love your comment! Made my day better reading this particular comment! Retard ranch, lmfao..

    • Oddfellow says:

      In a post-apocalyptic scenario (e.g. after Trump and Kim Jong-Un had a less than friendly exchange) you’ll probably take toilet paper over gold, any and every day….

  2. Anonymous says:

    An interesting aspect of a potential war with North Korea that I didn’t consider. China may talk a big game, but I can see them locking up exports of rare earth metals should war break out. Now we know they have control of Zinc and other metals which could come into play too.

    Is it just me or does China have us by the balls?

  3. Anonymous says:

    trump’s wall is going to need a lot of zinc and concrete.

  4. CrackerJack says:

    I was once a man trapped in a woman’s body…

    …Then I was born.

  5. PO'd Patriot says:

    Well I guess I’ll pick up some more 77 grain SMK’s just for snicks.

  6. Sgt. Dale says:

    My wife just picked up $300.00 more in silver. Just picked up 1000 more 45 ACP FMJ’s and 300 More 180 Gr. 300 win mags. That is the only metals I’m picking up.
    Sgt.

  7. Jim in Va. says:

    Brass,lead and copper….

  8. Traitor Hator says:

    Don’t forget some rice and beans with all those bullets?

  9. Logicrazy says:

    The well eventually will run dry, when to many drink from it. We will be fighting for what we now throw in the trash. Though I don’t think in my lifetime. Unless things speed up…

  10. Scarecrow says:

    Please ! Gold Shmold ! All you need is to have the world’s mightiest military and you can print as much money as you want !

  11. Heartless says:

    Learn to salvage wherever you are. In Florida, often marinas and boatyards literally throw partially depleted/degraded sacrificial zincs away when replaced. (or as they just fall off when the boat is lifted) Same with so many metals. Copper, brass, aluminum… you name the metal. It’s all out there just tossed off.

  12. Watching the bullet penetrate the gel block has left me hungry for jello.

  13. James says:

    Shortage is artificial. Gold moved from Comex to London. Same game being played that Warren Buffet played back in the 90’s.

  14. FLOWER CHILD says:

    How about sitting down with a hot dog, and a beer or a coke
    and watch a ball game.

    War is coming soon enough

  15. Archivist says:

    The melt value of zinc pennies is almost 9/10 of a cent now.

  16. The NSA intercepts and records all electronic communications. They’re the government, they’re honest and trustworthy, right? Wrong. Conservative Tree House blog has a good article on who’s selling what info and to whom. Today Jan. 22.

  17. TharSheBlows says:

    Winter is over here in Florida. Mid 80’s today. It was 18 degs at 5 AM just a few days ago. Survived another month of winter. Spring break around the corner where millions of collagr age twin peak teetaas come down to hit the beach for fun sex and get drunk.

  18. Bert says:

    Was 189 million tons, now 180 million tons. Your chart and your interpretation skills are lacking, hey, panic sells more seeds, powdered cardboard and metals. If there really was a shortage you wouldn’t be able to afford them, as no metal scabber would be selling.

  19. For the last 10,000 years of civilization or 6,000 years for you Bible thumpers, the world’s population remained between 1.5 to 2.5 billion inhabitants.

    From the year 1950 to 2017 the population increased by almost 5.5 billion inhabitants to almost 8 billion and counting.

    I’m sure there is a global plan in the making somewhere to alleviate this problem of supply and overdemand.

    • Oddfellow says:

      I’m sure just like in nature, this will resolve one way or the other. It can’t be otherwise.

      In natural processes, you have at play a curve which looks like an elongated “S”: it starts out at the bottom with a very slight slope which goes on for a long time, then it starts to increase and the slope gets increasingly steeper until it is as close to vertical as it will get, and then the incrase gets to a halt, the curve is slowly reaching its maximum and slowly gets horizontal again.

      You see this everywhere in complex systems where growth is involved.

      So, there will very likely come a slowdown in this population growth – one way or another, sooner or later.

    • Oddfellow says:

      “Bible thumpers” is a cliché (it is also a put-down).

      Clichés don’t contribute anything to the debate and IMHO should better be avoided for it to be constructive and conducive to understanding and some measure of agreement…

      And FWIW… I think the world population will perhaps, around the middle of the century, more or less stabilize around 9 or 10 billion inhabitants…

  20. Oddfellow says:

    I just discovered this now… I don’t know the people who drew up that chart are bullshitting, but it’s wrong.

    The dates along the x-axis are not equally spaced as they should be. In some places the interval is 2 days, in other places it’s 4 days!

    This means the curve as represented is wrong.

    And I didn’t in fact check the y-axis.

    So either those peoples are full-blown morons who don’t know the basics of statistics, or they are deliberately trying to pull the wool over our eyes.

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