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<p>[QUOTE="InfleXion, post: 1713963, member: 29012"]The fallacy you are putting forward is that investment silver is on the open market. Mine isn't for sale. We have established that no silver (minus nano-silver) is ever used up. So we need not assume it isn't recoverable - it is <b>for the right price</b>. Whether it is recycled from industrial use or purchased from investors, in both cases the cost to get that metal back is greater than the initial cost because in the real world most people aren't going to sell for a loss. The point is that without higher prices very little of this metal is coming to market, and mining supply alone can't get the job done. We did grow the scrap pile since 2007 when the historical low was in. Please review my other response to yakpoo where Mike Maloney goes into detail on why this is bullish (linked again below - 17 mins). </p><p><br /></p><p><a href="http://goldsilver.com/video/silver-and-gold-bull-market-not-over-until-the-fundamentals-say-so-mike-maloney/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://goldsilver.com/video/silver-and-gold-bull-market-not-over-until-the-fundamentals-say-so-mike-maloney/" rel="nofollow">http://goldsilver.com/video/silver-and-gold-bull-market-not-over-until-the-fundamentals-say-so-mike-maloney/</a> </p><p><br /></p><p>I never said 500 year lows, I have said 700 year lows, and we did hit that in 2007 where available silver would only account for 3 months of demand if mining ceased. No offense but I will defer to Mike Maloney over you. You can think what you want about the information being provided. It doesn't change any of it.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1713963, member: 29012"]The fallacy you are putting forward is that investment silver is on the open market. Mine isn't for sale. We have established that no silver (minus nano-silver) is ever used up. So we need not assume it isn't recoverable - it is [b]for the right price[/b]. Whether it is recycled from industrial use or purchased from investors, in both cases the cost to get that metal back is greater than the initial cost because in the real world most people aren't going to sell for a loss. The point is that without higher prices very little of this metal is coming to market, and mining supply alone can't get the job done. We did grow the scrap pile since 2007 when the historical low was in. Please review my other response to yakpoo where Mike Maloney goes into detail on why this is bullish (linked again below - 17 mins). [url]http://goldsilver.com/video/silver-and-gold-bull-market-not-over-until-the-fundamentals-say-so-mike-maloney/[/url] I never said 500 year lows, I have said 700 year lows, and we did hit that in 2007 where available silver would only account for 3 months of demand if mining ceased. No offense but I will defer to Mike Maloney over you. You can think what you want about the information being provided. It doesn't change any of it.[/QUOTE]
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