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Chinese set to back the Yuan with gold... new world reserve currency?
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<p>[QUOTE="desertgem, post: 1622081, member: 15199"]As far as supply demand scenarios, from what I can see in the scientific world, the increased prices of silver, gold and platinum, etc has forced the study of less expensive chemical replacements and there have been many successes as far as catalysts, solar panel components, even the medical uses mentioned. Whereas before solar panels ( 2x6 ft) used about an ounce of silver, modern ones use less than half that and are more efficient. In 2000, the solar industry said that by 2010, 1 out of every 100 houses would be solar powered ( 50% use level), and that the initial outlay would be repaid by then. Hasn't happened. </p><p><br /></p><p>In Calif, and probably some other states, 20% of energy provided by electrical utilities has to be renewable by end 2013. Thus they built wind and solar areas on BLM property and ship the energy 120 miles to the coast to satisfy the % needed. Without the provision, such generation would be switched to NatGas, especially with the price and supply.[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1622081, member: 15199"]As far as supply demand scenarios, from what I can see in the scientific world, the increased prices of silver, gold and platinum, etc has forced the study of less expensive chemical replacements and there have been many successes as far as catalysts, solar panel components, even the medical uses mentioned. Whereas before solar panels ( 2x6 ft) used about an ounce of silver, modern ones use less than half that and are more efficient. In 2000, the solar industry said that by 2010, 1 out of every 100 houses would be solar powered ( 50% use level), and that the initial outlay would be repaid by then. Hasn't happened. In Calif, and probably some other states, 20% of energy provided by electrical utilities has to be renewable by end 2013. Thus they built wind and solar areas on BLM property and ship the energy 120 miles to the coast to satisfy the % needed. Without the provision, such generation would be switched to NatGas, especially with the price and supply.[/QUOTE]
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