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5 factors that will push silver to $250 an ounce
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<p>[QUOTE="gxseries, post: 1800804, member: 4373"]From a production side point of view, cheaper metals can be possible if fuel prices stop significantly. This also applies to all goods as transportation becomes cheaper. However I don't think we can see fuel prices going drastically down any time soon. I think fuel prices is a joke but let's not get there. Might as well invest in water, food, fuel, (basic commodities) etc. You can't really do much with metal bars other than using it as a potential projectile.</p><p><br /></p><p>Bear in mind that a dump truck in a mine site goes through about 1000 - 1500 gallons or 4000 - 6000 litres a daily on average. Less for smaller trucks but I am thinking of Cat 789C trucks. I'm certain it is somewhere around that ballpark. Every cent increase adds up VERY VERY quickly. Coupled by labour cost, overheads, uncertainity in the market etc all cause the prices to go all over the place. Also you need to remember that most exploration and mining companies will not actively hunt and mine for silver - silver is just an added bonus after extracting copper and gold. </p><p><br /></p><p>Food of thought: would you happy to see high metal prices and see your cost of living going up at the same rate? I'll rather not.[/QUOTE]</p><p><br /></p>
[QUOTE="gxseries, post: 1800804, member: 4373"]From a production side point of view, cheaper metals can be possible if fuel prices stop significantly. This also applies to all goods as transportation becomes cheaper. However I don't think we can see fuel prices going drastically down any time soon. I think fuel prices is a joke but let's not get there. Might as well invest in water, food, fuel, (basic commodities) etc. You can't really do much with metal bars other than using it as a potential projectile. Bear in mind that a dump truck in a mine site goes through about 1000 - 1500 gallons or 4000 - 6000 litres a daily on average. Less for smaller trucks but I am thinking of Cat 789C trucks. I'm certain it is somewhere around that ballpark. Every cent increase adds up VERY VERY quickly. Coupled by labour cost, overheads, uncertainity in the market etc all cause the prices to go all over the place. Also you need to remember that most exploration and mining companies will not actively hunt and mine for silver - silver is just an added bonus after extracting copper and gold. Food of thought: would you happy to see high metal prices and see your cost of living going up at the same rate? I'll rather not.[/QUOTE]
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