Silver Dollar Values Prices Continue To Skyrocket As Nationalization Depletes Silver Supplies

June 15, 2012 - PRLog -- In 2011, international silver production was roughly 23,800 metric tonnes. This was an increase of 26% since 2001. If we assume a comparable continued growth, the world is forecasted to create 30,000 metric tonnes by 2020. Although this really is a ballpark estimate based on a ten-year prior trend, the results are surprisingly comparable with its pricier counterparts.

So there you have it. All we have to complete is wait around for nine more years and also the globe will probably be producing 30,000 metric tonnes of silver. Or will it? In my next post I will go into more detail concerning the declining net oil exports and its impact on the gold and copper mining industries. Read more at http://www.silver-dollar-values.com

We have found out by the info supplied in this article, that it is the mining of gold rather than silver from main silver operations like Fresnillo that consume the majority of diesel. Moreover, over 70% of silver production comes as a by-product of base metal mining which switches the focus to the base metal sector in figuring out on whether or not or not these estimates of silver can be attained.

Critical Aspect #5: Nationalization & Monetization of Precious Metals
Unfortunately, the majority of the public gets their news from the TV and mainstream media. From this perspective, gold is only something to be hocked at the pawnshop or to be sold to those rip-off gold dealers advertised on late night TV. Silver, on the other hand, is totally off their radars altogether. Very few individuals understand the real reason to buy and hold precious metals.

Currently, the globe is witnessing the disintegration of the global fiat monetary system. The 40+-year experiment in the international reserves status of the US Dollar is presently experiencing serious side effects. China and India have decided to ignore the U.S. sanctions on Iran by going about the international SWIFT system of monetary transactions, by purchasing oil with gold. That’s right, using the worst four-letter swear word in the book according to the Federal Reserve - G.O.L.D. Check Out Silver & Gold Trading Ideas Now!
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As the globe continues to go down the path of printing its way out of debt, the fundamentals of gold and silver become even more important. Countries that have a great deal of foreign investment and ownership in their domestic gold and silver mines may be forced to rethink these arrangements when the globe fiat monetary system finally dries up and blows away.

Some have seen the writing on the wall and have taken necessary measures already. In 2011, Hugo Chavez nationalized the gold mines in Venezuela and at the same time, repatriated all Venezuelan gold from foreign banks. Argentina has decided to gain control of its energy resources by taking a 51% interest in YPF, a Spanish oil and gas company - the largest in the country.

Furthermore, Indonesia announced a 25% increase in export taxes earlier this year on foreign coal and base mining companies that could jump to 50% by 2013. Again, as the international financial situation becomes grimmer in the future, countries may be forced to nationalize their resources as the global economy switches its system from exchanging paper money for goods to trading goods for goods.

If we look at the international production of silver in 2011, we can see that the majority of its supply comes from countries that may be the most at-risk in nationalizing their resources in the next several years.

Mexico and the countries in South America create the lion’s share of the world’s silver production (366 million oz). Anyone who has been investing in and reading about gold and silver for the past several years knows who Hugo Salinas Price is and what he is attempting to complete in Mexico. Hugo has been gaining support in his effort to introduce the Silver Libertad as a form of competing currency in Mexico to help protect its citizens from the ravages of high inflation in its Peso.

Mexico will be the number one silver producer in the world, supplying 153 million oz in 2011. The majority of this silver is exported, but that could change rather quickly if its citizens’ faith in fiat money disappears.

China and Russia have been the predominant suppliers of government silver sales over the past several years. However, in 2011 this supply declined substantially to only 11.5 million oz compared to 44.2 million oz the previous year.

In reality, no country is safe against the threat of nationalization when the central banks of the globe are no longer capable of kicking the fiat can down the road. At some point in time, more of these countries may be forced to nationalize their resources; making the availability to acquire cheap silver a thing of the past. CLICK HERE now to http://silver-dollar-values.com for profitable investing ideas.