This video shows in detail how silver is extracted from mines and turned into an industrial silver bar. Thanks for watching, Subscribe below! Silver mining process How is silver mined?
You're right it should be much more expensive, but the prices have been kept artificially low. This is done by the number of paper ounces being traded on the marketplace being 500-1000x greater than the actual amount of physical silver. What's going on now is similar to a bank run, people are going to collect the actual physical which will restrict their ability to trade massive amounts of paper, and the real price will go up.
Silver SHOULD be in the triple digits and it will be soon! I choose to do what is uncool and unpopular and buy silver. Silver is real value when you actually hold it and own it.
Very educational, financial freedom & thanks for sharing. I've seen other similar videos but its always good to get a refresher on such a complex and labor intensive process. Just the labor and fuel alone that goes into processing silver suggest that it's likely no less than at least fairly valued.
I remember this episode. Good stuff ! 80% to industrial demand? Might be a little outdated, but interesting nonetheless. The Fed can't print endless amounts of this stuff ! Lol That is real wealth! Thanks bro!
I think flipping pet rocks would have a pretty small profit margin. Silver that I have flipped has had from 25%-300% ROI. That's decent I should've put that money into a savings account like my finance class taught me to do and earn a whopping .01%. Peace
So that your 4K TV or smartphone costs $600 instead of $1,200. It benefits the upper class more to have cheap silver and expensive gold, so why wouldn’t silver be shorted?
At first they found silver nuggets in nature, just like gold. Later on they started extracting silver from other ores when they invented cupellation, the little cups in the furnace process.
This is insane. All that crushing, all that melting all that cleaning and separating Only to get a rough form of silver that still needs to be refined to then be made into bars, coins or sold to industry. Why the hell is silver so cheap. Seems to me it it should be as expensive as Gold Or even more so since there’s so many more uses.
They used cupelation, that is the process in the furnace, SIlver is acompanied with lead, so high temperature burnes all other metals and in porous cup (cupel) leaves quite pure silver, I measured my cupeled silver, it was 99,7 % pure, obtained from various silver scrap. This process was used even in middle ages. Now is used chemical and electrolytic purification. But fire assay is still used as analythical method.
It has to be easier way they don't want to tell, because this process is mining operations at loss, no way to be profitable ! Nobody made silver like this hundreds years ago.
Lots and lots of Diesel for the heavy equipment to use, a lot of Electricity consumed running those motors that vibrate the asset, and lots of gas to operate the furnaces for Silver to be just $24 or less an ounce. Looks like a money pit.
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*silver stacking is easier than silver mining :-)*
And a whole lot cheaper !
Let us appreciate those who mine it, in order for us to be able to stack it.
@@DoobieDrewski Amen
Sweet Lord, after all that crushing, melting, burning - you only get that 1 gm of silver? Am I the only one thinking silver should be expensive?
There's probably 5 ounces of silver per ton of this ore.
That was an analysis to estimate the percentage of silver in silver ore !
You're right it should be much more expensive, but the prices have been kept artificially low. This is done by the number of paper ounces being traded on the marketplace being 500-1000x greater than the actual amount of physical silver.
What's going on now is similar to a bank run, people are going to collect the actual physical which will restrict their ability to trade massive amounts of paper, and the real price will go up.
@@boringNW
There’s no reason Silver should be less than $1000 per ounce right now.
Quite right.
Silver SHOULD be in the triple digits and it will be soon! I choose to do what is uncool and unpopular and buy silver. Silver is real value when you actually hold it and own it.
people will look back at these days as the good days!
Thanks for the input FTI
I bet not never look at my silver the same again! That process takes forever!!!!
Amen
You can’t print physical silver.
Am I right folks?
A SHITLOAD of work to produce it !
It figures my favorite Sunday morning show would give some good basic answers to Silver production.Thanks ME.
I love my silver even more
Very educational, financial freedom & thanks for sharing. I've seen other similar videos but its always good to get a refresher on such a complex and labor intensive process. Just the labor and fuel alone that goes into processing silver suggest that it's likely no less than at least fairly valued.
That's a lot of work. Thanks for posting.
All that for 1mg of silver?
Lizard Queen it may not seem like much but that might have only came from 10 ounces of ore
I thought so too!
Thanks for the support silvermad!
After all that it still needs to be refined more and silver is only 17.82 an ounce as of 9/19/19. Stack up.
Yep thanks for the input Clayton Kelly!
I remember this episode. Good stuff !
80% to industrial demand? Might be a little outdated, but interesting nonetheless.
The Fed can't print endless amounts of this stuff ! Lol
That is real wealth! Thanks bro!
been looking for this video.
Thanks for the post.
Great video, thanks for sharing.
I think you'd struggle to find something with a smaller profit margin than silver.
I think flipping pet rocks would have a pretty small profit margin.
Silver that I have flipped has had from 25%-300% ROI. That's decent I should've put that money into a savings account like my finance class taught me to do and earn a whopping .01%.
Peace
***** I was actually referring to the mining industry, peace also....
Goodness gracious
thanks for posting this video , really cool, I subbed!!!!
And silver is under 17 per troy ounce dollars why?
So that your 4K TV or smartphone costs $600 instead of $1,200. It benefits the upper class more to have cheap silver and expensive gold, so why wouldn’t silver be shorted?
I have been looking for this video. This is an abridged version. Can someone point me to the longer one?
How the hell did they make silver back 2000+ years ago?
Very carefully lol
At first they found silver nuggets in nature, just like gold. Later on they started extracting silver from other ores when they invented cupellation, the little cups in the furnace process.
For sure Lawrence!
Its a couple years old I think, but im sure the process hasn't changed to much since then!
Peace man
ty fam this was pretty lit, I R8 8/7
pretty spoicy
First Majestic!
It’s funny and baffling how silver is the most undervalued asset in the world.
what is the grade for keeping a mine profitable?
I'm sure they would go broke if silver was the only element that could be sold in the market. Is the process similar for the copper,lead and zinc?
Its hard to believe You and I can go get one ounce of that stuff for 23 bucks or so.
Peace MKM, I always enjoy your unboxing videos!
Now $15.
you trying to tell me.. theres no Goose laying silver eggs ?
You bet silvermonster!
I don’t hear too much about panning silver here in the states
I love silver better than gold it's more shiny even sterlin silver.
what is the name of the device used to detect the levels of 40 different elements.? thank you
XRF
Hello sir i want silver ore silver slage sand i will purchase any quantity
How many Silverback Apes are watching this!?
I want some.
This is insane. All that crushing, all that melting all that cleaning and separating Only to get a rough form of silver that still needs to be refined to then be made into bars, coins or sold to industry. Why the hell is silver so cheap. Seems to me it it should be as expensive as Gold Or even more so since there’s so many more uses.
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👍🏿👍🏿👍🏿👍🏿
How did they make silver in the 1800s? This process seems too complicated is it just me
How did we use to obtain silver back in the day? Like Roman times, without chemicals.
Chemicals were on earth long before mankind. And there were many extremely intelligent people who knew how to use the chemicals.
@@tweston315 which does not answer the question.
They used cupelation, that is the process in the furnace, SIlver is acompanied with lead, so high temperature burnes all other metals and in porous cup (cupel) leaves quite pure silver, I measured my cupeled silver, it was 99,7 % pure, obtained from various silver scrap. This process was used even in middle ages. Now is used chemical and electrolytic purification. But fire assay is still used as analythical method.
kings
Compare this to how 100 dollar bills are made
hello please tell me now the world's one ounce silver 999 how much is the black market in Russia or elsewhere in the world
good luck with the purity content of the black market precious metals... DERP DERP DERP.
It has to be easier way they don't want to tell, because this process is mining operations at loss, no way to be profitable ! Nobody made silver like this hundreds years ago.
Seth ji
Lots and lots of Diesel for the heavy equipment to use, a lot of Electricity consumed running those motors that vibrate the asset, and lots of gas to operate the furnaces for Silver to be just $24 or less an ounce. Looks like a money pit.
Hey now
It has to be and easier way
silver mines
sonu babu
viewer chandan kumar Singh village-bhojpur city-deoghar jharkhand India
Um... HOLY FUCKING SHIT THAT'S A LONG PROCESS.
Lightcoin
''chemicals''
Now ask yourself how much it costs to make 100 dollar bills.
When mining operates at a loss...
cks
You must love Jehovah your God with all your heart and with all your soul and with all your mind and with all your strength. You must love your neighbor as yourself. Jesus the anointed is Lord! Repent and be baptized and believe the Gospel.
Why is silver only $20 an ounce 😂
Karen be like: 3:08
Thats to much work lol
Hello sir i want silver ore silver slage sand i will purchase any quantity