A real annual physical deficit is about to erupt higher in the silver market. In 2014, the world had a 78.6 million ounce deficit in worldwide supply vs. physical demand. The 2015 deficit ballooned much higher, to a 130 million ounce shortfall.
According to Societe Generale, the silver supply in 2016 is likely to decrease another 9.2%! This, of course, has everything to do with base metal mine cutbacks.
It’s important for everyone reading this to know that most silver comes from copper, zinc, and gold mines. A silver mine is extremely rare. I’ll expand on this in Sunday’s letter, but for now, just know that the majority of “silver miners” have more silver in their name than their actual revenues coming from this precious metal.
Demand, which has been on the rise, is surging! And as we just pointed out, supply is cliff diving due to base metal mine closures and cutbacks. The U.S. Mint is on track to sell a record amount of coins this year! FutureMoneyTrends.com believes that the demand for silver is about to surge much higher.
1. We have a confirmed bull market in 2016.
2. One-third of the central banks have a negative interest rate policy. The investment demand for silver won’t be regional – it’s going to be global!
3. The mining shares are a leading indicator, and our two top picks for this sector are up 663% (First Majestic) and 465% (Endeavor Silver).
Unfortunately, it’s very difficult to find good silver mining shares. Most of these silver miners everyone follows and that are included in silver mining indexes aren’t real silver shares, in my opinion. They simply have the word silver in them.
For physical silver, I’ve purchased from DBSCoins.com and MilesFranklin.com. I strongly suggest anyone looking for metal storage out of country to contact Miles Franklin, as they have one of the best programs on the market, through Brinks Security.
In my opinion, if you’re going to store it, it’s important you keep your metal out of bank safe deposit boxes, because banks are heavily regulated by the government and are not to be trusted. I personally prefer private businesses whose reputation is world-class in security, and who are also out of easy access to the U.S. Government.
We will have a new silver stock suggestion for you very soon, so be ready, because you will not want to miss out on this one – it’s going to be a core stock for our portfolio.