Silver Rises Over 120% YTD 
Published: 12-28-2024, 09:05 am | Updated: 12-27-2024, 05:11 pm
Gold’s price may be grabbing headlines, but there’s a bigger story unfolding in the mining industry.
Despite gold reaching near-record highs earlier this year, miners are facing a serious challenge: production costs are soaring at an unprecedented rate.
According to the World Gold Council, these rising costs are pushing some mining operations to the brink, even as gold prices remain strong…
The True Cost of Gold Mining
To get a better understanding of the rising cost of mining let’s look at the All-in Sustaining Cost (AISC). This crucial metric shows the true cost of running a gold mine – from extraction to equipment maintenance and future exploration. When AISC rises, it directly impacts miners’ ability to stay profitable.
Here’s where things get interesting. According to the World Gold Council, gold production is expected to grow by just 0.9% annually through 2030. That’s barely any growth at all.
Meanwhile, demand for gold continues to rise from both investors seeking safety and industries needing it for manufacturing.
Simple economics tells us what happens next: when supply struggles to keep up with growing demand, prices tend to rise. With mining costs climbing and production growth limited, the stage appears set for potentially higher gold prices ahead.
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Robert Kiyosaki: “Buy Silver Now”
Robert Kiyosaki, author of the bestseller “Rich Dad, Poor Dad,” is making waves with his latest investment advice. On social media platform X, he recently urged followers to consider buying silver bullion, linking his recommendation to concerns about banking sector stability.
“Even if you have very little money, you may still be able to profit from this crash,” Kiyosaki wrote, noting that silver remains accessible to most investors.
While his previous bold price predictions haven’t yet materialized, he raises an interesting point about silver’s accessibility to everyday investors.
But there’s more to silver’s story than just investment demand.
Silver: More Than Just a Precious Metal
While gold is primarily stored as wealth, silver plays a dual role – it’s both a precious metal and an industrial workhorse. From electronics to electric vehicles to solar panels, silver is an essential component in many of today’s fastest-growing industries.
Every new solar panel installation and electric vehicle that rolls off the production line permanently uses up a bit more silver. As these green technologies grow, so does the demand for silver.
Meanwhile, unlike paper assets, you can’t simply print more silver when demand rises.
This unique combination – growing industrial consumption alongside traditional investment demand – could create interesting dynamics for silver’s future. While no one can predict prices with certainty, the fundamentals of supply and demand tell an compelling story.
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Brandon S.
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