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<p>[QUOTE="Cloudsweeper99, post: 136171, member: 3011"]I'm certain that's a big part of it. Banks aren't going to lend money to start a project that might be uneconomical by the time it begins producing. But keep in mind that it was only a few years ago that oil companies refused to fund certain projects because they were convinced that $25 per barrel oil was unsustainably high. Expectations are frequently poor predictors of reality.</p><p><br /></p><p>Time will tell who is right, but I think it is a pretty high probability bet that $7 per ounce silver has gone the way of $1 per gallon gasoline.</p><p><br /></p><p>But to relate this whole thing to coins [is that still permitted? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /> ], I've noticed that common date Morgan and Peace dollars are still selling at prices that do not reflect the drop in silver. I've also noticed that dollars from the Carson City mint seem to have skyrocketed over the past few years compared to other Morgan dollars. Have these suddenly become more popular?[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 136171, member: 3011"]I'm certain that's a big part of it. Banks aren't going to lend money to start a project that might be uneconomical by the time it begins producing. But keep in mind that it was only a few years ago that oil companies refused to fund certain projects because they were convinced that $25 per barrel oil was unsustainably high. Expectations are frequently poor predictors of reality. Time will tell who is right, but I think it is a pretty high probability bet that $7 per ounce silver has gone the way of $1 per gallon gasoline. But to relate this whole thing to coins [is that still permitted? :rolleyes: ], I've noticed that common date Morgan and Peace dollars are still selling at prices that do not reflect the drop in silver. I've also noticed that dollars from the Carson City mint seem to have skyrocketed over the past few years compared to other Morgan dollars. Have these suddenly become more popular?[/QUOTE]
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