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<p>[QUOTE="InfleXion, post: 1721551, member: 29012"]The CEO of the SLW has said $20/oz, and sure the cost to bring it out of the ground is one good indicator of fair value, but it doesn't take into account our 10 billion ounce government silver stockpile being entirely depleted over the 20th century, nor does it take into account that if mining were to cease today there is only enough available silver for maybe 6 months of demand, nor does it take into account that China has become a net importer of silver in the last few years instead of a net exporter, nor the record levels of physical metal outflows from the metal exchanges, nor the vested interest that the USG has in knocking metals down to make paper look better so they can fund the military industrial complex in order to enforce petro dollar dominance and the ability to service our debt with money printing to perpetuate this process, nor does it take into consideration that metal prices are derived by proxy that does not have most of the metal to back it up, nor that those proxies can be bought and sold without having the money to put down on them, nor that the SEC and CFTC has been unable to do it's job in over 30 years, and the list goes on.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1721551, member: 29012"]The CEO of the SLW has said $20/oz, and sure the cost to bring it out of the ground is one good indicator of fair value, but it doesn't take into account our 10 billion ounce government silver stockpile being entirely depleted over the 20th century, nor does it take into account that if mining were to cease today there is only enough available silver for maybe 6 months of demand, nor does it take into account that China has become a net importer of silver in the last few years instead of a net exporter, nor the record levels of physical metal outflows from the metal exchanges, nor the vested interest that the USG has in knocking metals down to make paper look better so they can fund the military industrial complex in order to enforce petro dollar dominance and the ability to service our debt with money printing to perpetuate this process, nor does it take into consideration that metal prices are derived by proxy that does not have most of the metal to back it up, nor that those proxies can be bought and sold without having the money to put down on them, nor that the SEC and CFTC has been unable to do it's job in over 30 years, and the list goes on.[/QUOTE]
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