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<p>[QUOTE="Cloudsweeper99, post: 78629, member: 3011"]TOLS - you beat me to it. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> Good analysis. Silver has been down or stable for so long I can understand why people think it will continue this way forever. But the fundamentals are changing as you pointed out. I would also add that there are only about three dozen primary silver mines in the world. There are over 1,000 gold mines. Silver is produced as a byproduct, and while higher prices will inevitably increase supply, it might not be as much or as fast as people think. </p><p><br /></p><p>Of course, none of this has much to do with coins except that everyone should hang on to silver coins and be reluctant to sell them if the price goes to $10 or so. It could go a lot higher. This won't happen immediately, but it will happen. Not 100% certain, but nothing is. It's like having pocket aces in Texas hold em'. It doesn't guarantee a win, but that's the way to bet.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 78629, member: 3011"]TOLS - you beat me to it. :) Good analysis. Silver has been down or stable for so long I can understand why people think it will continue this way forever. But the fundamentals are changing as you pointed out. I would also add that there are only about three dozen primary silver mines in the world. There are over 1,000 gold mines. Silver is produced as a byproduct, and while higher prices will inevitably increase supply, it might not be as much or as fast as people think. Of course, none of this has much to do with coins except that everyone should hang on to silver coins and be reluctant to sell them if the price goes to $10 or so. It could go a lot higher. This won't happen immediately, but it will happen. Not 100% certain, but nothing is. It's like having pocket aces in Texas hold em'. It doesn't guarantee a win, but that's the way to bet.[/QUOTE]
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