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<p>[QUOTE=&quot;World Colonial, post: 2444864, member: 78153&quot;]I do as well.&nbsp; There is also a difference between gold and silver which I forgot to mention in my last post.</p><p><br /></p><p>The annual mining supply for gold is minimal versus the volume held as &quot;investment&quot;, in the range of maybe one or two percent at most I believe.&nbsp; If industrial usage is 12% of annual mining supply currently, it&#039;s not even a rounding error.</p><p><br /></p><p>With silver, annual mining supply is a much higher proportion by an order of magnitude.&nbsp; Advocates have used this in the past as a supposed reason why it should or will outperform gold.</p><p><br /></p><p>In the 1980&#039;s, I remember there was a silver mining supply deficit which lasted for years, maybe into the 1990&#039;s.&nbsp; It wasn&#039;t enough to make the price rise either.&nbsp; The fact is, the total value of both annual mining supply and above ground stock is such a pittance compared to the value of financial instruments that &quot;investment&quot; buying can easily negate it under the right circumstances.</p><p><br /></p><p>Neither a production surplus or a deficit prevent higher or lower prices, though I think it does make some difference at the margin.[/QUOTE]</p><p><br /></p>

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