SoT #36 – Jeff Brown: Solar Energy Drives Silver Demand In China

by Shadow of Truth, The Daily Coin

Jeff Brown of – Reflections in Sinoland is our “eyes and ears on the ground in Beijing.  Because he lives in a suburb of Beijing with his family,  he can provide us with real news, data and political/economic developments in China – as opposed to the filtered propaganda vomited at us from U.S. media puppets.

Very little is known or understood about China’s silver demand and imports.  In our last episode – Unlocking Some Secrets to China’s Silver Demand – Jeff was able to dig up some information on China’s imports which we believe heretofore has not been published in the west.

Based on everything I could find, it looks like China is trying to get its hands on all the silver it can find. – Jeff Brown

This episode Jeff presents us with some stunning statistics regarding the amount of silver required by China to meet its 5-yr plan to install 100 gigawatts of solar (by 2020).   In China, 1 gigawatt will power about 3 million homes (vs. about 700,000 homes in the U.S. – the U.S. is an energy hog). The plan calls for converting 300 million homes to solar by 2020.

It takes 236 metric tonnes of silver per gigawatt of solar energy. This translates into 8.3 million ounces per gigawatt of solar energy output. If China installs 100 gigawatts in the next 5 years, this will require 15,812 metric tonnes, which is 131 billion ounces of silver. On an annual basis, China’s solar industry alone will require the entire amount of silver produced annually by Chinese mines.

In the context of what is believed to be a massive short-squeeze developing in the global supply of silver, it is likely that China’s push to solarize its middle class could have an extraordinary affect on the price of silver. Please click here to see this video and subscribe to our channel: Shadow of Truth.

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