time-will-tell
The Industrial Scrimmage
for Dwindling Supplies
David Zurbuchen
http://www.silverinscripture.com/IndustrialScrimmage.html
As a precursor to this brief article, many of you may already be familiar with the dramatic
rise in palladium prices over a four year period beginning in 1997. By the year 2001, the
metal had risen from just above $100/oz to a high of $1100/oz. This was a result of
industrial users (e.g. Ford Motor Company) panicking about a lack of supply and
consequently building the necessary inventories so that factories would not need to be
shut down. Silver should experience a similar price rise due to future industrial
desperation, only unlike palladium, which has since cooled off, the industrial scrimmage
for silver will be only one of many unique forces putting pressure on the price. This should
then result in significantly higher (relative terms) and much longer sustained gains in silver.