Silver will be the first element in the periodic table to become extinct (shooting price per Oz. past Gold).

Posted on April 8, 2011 by maxkeiser| 5 Comments

Besides Strontium (Sr), Silver (Ag) has the least amount of world reserves remaining. In a recent article on kitco commentaries, David Morgan put some highlights of what Adrian Douglas had stated in a recent interview about silver.

There’s very little left on the planet. The U.S. Geological Society said just a couple years ago that silver would be the first element in the periodic table that would become extinct. It’s incredibly bullish. The USGS said that would happen by 2020. So if we’re in the situation where we can run out of silver, the price clearly has to go up, because you can’t obviously run out of silver. What will happen is, the price will have to go to a price level where it’s economic to recycle it..

We have seen history in the making here. Normally whatever the government states, we know as of late is false. But here, we have some honesty from the USGS. Unfortunately, as energy becomes more expensive due to less net energy available due to a falling EROI ratio, even recycling will become expensive and prohibited. There will be plenty of challenges in the future for the modern technological society we live in as we transition to a world with less of everything right at the time when China and India are westernizing.

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5 Responses to Silver will be the first element in the periodic table to become extinct (shooting price per Oz. past Gold).

  2. Jo | April 8, 2011 at 9:00 am |

    My Black swan lays Silver eggs.

  4. Phenius Barnham | April 8, 2011 at 9:22 am |

    Love that sign! There’s a Highway 40 that goes through Nevada- the Silver State!

  5. Daniel S | April 8, 2011 at 10:05 am |

    Extinct by 2020 doesn’t jive well with the royal bank report posted here a few days ago. RB predicts a peak in extraction between 2015 and 2018 at about double current levels (on page 9 of 59). But it is an interesting synergy of silver demands. Less capital, less energy, more need of energy to rework and replace systems, more need of silver to use energy efficiently, more need of silver for alternative energy, more demand for real money that doesn’t collapse with bad debts.

    http://www.scribd.com/doc/52297403/BMO-New-Paradigm-for-Silver

    I don’t think RB even predicts a peak there per se. It’s just how their model works out.

    I think an unanticipated demand could be ecological collapses leading to break away populations of old and new fungi and bacterial strains that may be combated with products containing nanoscale silver compounds. My theory is as biodiversity drops, the energy in a system doesn’t drop in step, and a portion of the excess energy is taken up by most of the remaining species, especially the small and micro. Thus, more opportunity for transmission of disease will be present, increasing infection rates, mutations of diseases, and the rate of yet more extinctions. On the other hand, peak credit and energy could stop monsanto and monoculture factory farming dead in their tracks, allowing remaining biodiversity to hold its ground and permaculture farming to start building it up again.