There was what I considered a fairly reliable report last week that Samsung is paying to reopen the Silver Storm mine in Mexico along with the details on how they were going to pay for the silver mined. I have no idea whether it was true, but the details seemed legit.
Maybe, I'm not really saying it is or isn't but it's not like industrial use has just shot up this year. EV's and solar panels have been increasing in production the last several year or decade at least. So certainly there's been some foresight into physical shortages projecting demand vs supply.
So why would a company as large as Samsung look into developing such a major breakthrough designed around a material short in supply?
I'm just saying not all is as it would seem here, and Asian AI guy is saying Samsung is now looking at production in China as they have a deal for the silver with China if they setup shop there.
Samsung is not an expert in the silver market. Historically it's been very easy and cheep to source. That said,they have probably been looking at this issue a lot more than we know,they may very well own a lot of shiny.
Seems like they'd have to, and likely good long term. But short term from what I've heard is silver is typically more a byproduct from mining other material, and it's not very profitable with the price suppression.
Who knows though, we certainly don't know all that's going on.
There was what I considered a fairly reliable report last week that Samsung is paying to reopen the Silver Storm mine in Mexico along with the details on how they were going to pay for the silver mined. I have no idea whether it was true, but the details seemed legit.
That's legit, I've been reading about the deal for months,and I've been reading about this new battery tech for over a year,on the silver boards. IIRC
Maybe, I'm not really saying it is or isn't but it's not like industrial use has just shot up this year. EV's and solar panels have been increasing in production the last several year or decade at least. So certainly there's been some foresight into physical shortages projecting demand vs supply.
So why would a company as large as Samsung look into developing such a major breakthrough designed around a material short in supply?
I'm just saying not all is as it would seem here, and Asian AI guy is saying Samsung is now looking at production in China as they have a deal for the silver with China if they setup shop there.
With all the narrative/s flying around, who knows
Samsung is not an expert in the silver market. Historically it's been very easy and cheep to source. That said,they have probably been looking at this issue a lot more than we know,they may very well own a lot of shiny.
Seems like they'd have to, and likely good long term. But short term from what I've heard is silver is typically more a byproduct from mining other material, and it's not very profitable with the price suppression.
Who knows though, we certainly don't know all that's going on.