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<p>[QUOTE=&quot;JBK, post: 74168, member: 1101&quot;]Silver is not a rare metal, but it is desirable.&nbsp; Same for gold to some extent.&nbsp; There are mines all over the world that are not in production because the price is too low to make it worthwhile.&nbsp; As the price increases the economics make opening these mines possible, and then the supply is increased.</p><p><br /></p><p>Other random factors....silver is used in the photo industry, but that demand has tanked with digital technology.&nbsp; Chinese love gold (pure gold especially) so their demand as they become more affluent may affect price (I had heard that the US Mint might make a gold coin weighing one ounce, made of .999 pure gold and no alloy metal, largely for this market).</p><p><br /></p><p>Any way, the prices metioned are rather absurd (unless, as someone mentioned, inflation makes the price increase due to a devalued dollar).[/QUOTE]</p><p><br /></p>

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