In Silver Is the New Oil: Strategies for Profiting From the Next Industrial Revolution, Collin Plume delivers a masterful and compelling analysis that positions silver as the linchpin of future technological and economic advancements. With eloquence and precision, Plume illuminates silver’s unparalleled properties and its indispensable role in burgeoning industries, making a persuasive case for its critical importance in the global economy.
Plume’s meticulous research reveals that industrial applications now account for approximately 55% of global silver demand, underscoring its vital role in sectors such as renewable energy and electronics. Notably, the photovoltaic industry has seen a remarkable surge, with silver demand increasing by 158% from 2019 to 2023, with an anticipated additional 20% growth in 2024. This trajectory highlights silver’s essential function in solar technology, where its superior conductivity makes it irreplaceable.
Furthermore, Plume highlights the burgeoning demand from the electric vehicle (EV) sector. Innovations such as Samsung’s development of solid-state batteries incorporating a silver-carbon composite layer are poised to significantly boost silver consumption. Projections suggest that if 20% of global car production adopts this technology, it could result in an annual demand of 16,000 metric tons of silver, substantially impacting the current global production of 25,000 metric tons.
Plume’s forward-thinking perspective is further supported by data indicating that the global silver market is on pace to record a physical deficit in 2024 for the fourth consecutive year, driven primarily by industrial demand. This supply-demand imbalance underscores the urgency of recognizing silver’s strategic importance.
In summary, Silver Is the New Oil is an enlightening and essential read for investors, policymakers, and industry leaders alike. Plume’s authoritative narrative and strategic insights not only elucidate silver’s pivotal role in the next industrial revolution but also provide a roadmap for capitalizing on this transformative opportunity. This book is a clarion call to acknowledge and embrace silver’s potential to shape a sustainable and prosperous future.
You can purchase Silver Is the New Oil: Strategies for Profiting From the Next Industrial Revolution here
