Silver Is On A Tear Today

Goldfinger, question. Is the silver being consumed by industry actually depleted or is it recoverable after it's intended use has cycled though? In other words, does it disappear or can be melted down again with relative ease?

 

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Calculate at 0 recovery for silver used in electrical production. If any, it would be like a rounding error

 

I don't know...but if we go alot higher near-term or in a year or two....I probably wouldn't sell all my silver coins and commemoratives but might short SLV or buy an inverse ETF to hedge and make some $$$ that way.

 

on the rounding error part,
there's some guy on YouTube that takes scraps electronic boards, etc
and refines silver and gold from them.
Watched it a few times in the past. He's making some good money now.

 

Well, Silver is an element so it never literally 'disappears', but rather is it economically recoverable is the real question.

I would imagine any element is recoverable at certain scales and hazardous materials threat level.

 

Barely a ripple on the ocean

 

Wow, shorting SLV is tight rope without a net. Sure would work today but I’m way too old to take that risk. I’ve always considered my precious metals to be a hedge against politicians of all stripes
But I do like your thinking

 

Up, it will continue to rise in price. It will have its declines but by year end it will be higher than it is today.

 

By something like ZSL instead of shorting.

Losses are quantifiable.

 

I posted here:



At that moment, it was down over 10% from the day's high (which was also, of course, silver's all-time high, at least in nominal dollars). But, as the next few hours proved, it was not the start of the next big plunge.

 

Just profit takers.

 

If I had the connections, I would've been one of them.

 

Be glad you weren’t. It just hit $109.00 again.

 

Nevermind.....look at Rhodium $10.5K oz Gold 5146.00

 

POTUS says he doesn’t care if the USD loses value! Katy bar the door! Metals are gonna go straight up, again. Can’t make this stuff up

 

I pulled the trigger at $110.36 yesterday. One of the big guys ! When it is all over with I will let you guys know if I recommend them to a friend .

 

yikes ... I lost desire to buy after it passed $90/oz.
Luckily I don't get paid again until the end of the month so I have time to reeval everything.
I normally buy from Liberty, Provident or APMEX.

 

And now at $112. I can’t wait for the overseas markets to start trading.

 

Two lines at LCS today
One for selling and one for buying

 

That’s new one for me.