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<p>[QUOTE=&quot;InfleXion, post: 1788525, member: 29012&quot;]Silver is the 2nd most useful commodity second only crude oil with over 10,000 industrial applications.</p><p><br /></p><p>As the most reflective metal, the best conductor of heat, and the best conductor of electricity it will continue to remain in demand for countless industrial applications independently of those mentioned so far.</p><p><br /></p><p>That being said, I do not expect any big payout. Precious metals are competition for fiat currency, and for them to rise to any substantial price that would garner public attention would be to the detriment of the USD. So if you&#039;re waiting for profit in dollars as we know them today you may never see it.</p><p><br /></p><p>However, if you&#039;re looking to increase your buying power I wholeheartedly recommend silver as what I perceive to be highly undervalued. This perception is supported in part by the government stockpile being completely drained after having billions of ounces depleted over the 20th century by industrial use causing available silver supply to be many orders of magnitude less than available gold supply. </p><p><br /></p><p>Also since gold and silver are money as declared by the Coinage Act of 1792 as well as countless languages around the world using the same word for &#039;silver&#039; as &#039;money&#039; there is an obvious competition going on between sound money and debt-based money which lends creedence to the hypothesis that debt based money is being used to hold down down the price of real money as part of the PR campaign to maintain fiat dominance. However, debt cannot be used to extinguish debt, and Austrian economics is clear that gold and silver as the only true extinguishers of debt must rise in price accordingly to absorb all the debt in order to avoid default (far more likely).</p><p><br /></p><p>While the only evidences of suppression thus far have been the massive silver short position with undeclared longs to offset it which has been largely unwound at this point as well as the silver stockpile being depleted due to mining supply being insufficient for total demand over many decades it is easily within the realm of possibility to be the case since the price is determined by contracts backed by roughly only 2% physical metal (false supply) combined with buying and selling on margin (false demand) combined with JPM being both the steward of the SLV and its silver vaults (fox guarding the henhouse) - all the pieces are in place to support and hide any potential price manipulation so that if it were the case it would be both easy to do and easy to conceal. Truth has no need for the cover of darkness, but we can see by looking at the physical market that available supply is decreasing because price is not mitigating the supply and demand pendulum accordingly.</p><p><br /></p><p>As for stocking up I&#039;m not looking much at the pucks. I prefer 1 oz foreign government silver coins I can get close to spot.[/QUOTE]</p><p><br /></p>

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