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<p>[QUOTE="Cloudsweeper99, post: 78682, member: 3011"]Speedy- All I can say is that TOLS is correct. Some people will believe it, some won't. Keeping in mind that it is entirely possible for silver to drop in price by $1 [since it is highly volitile and imacted by futures market speculation in the short run], it isn't likely [closer to impossible] that the lower price can hold for long because it's below the cost of bringing a new ounce to market from exploration to final sale. So either the price will eventually rise or the world will eventually do without silver. We're talking years here, not decades, until this happens. People talk about opening new mines and the tons of silver that will be dumped on the market from some unidientified imaginary source. Even if this is true, neither event will take place unless and until the price of silver is much higher than it is now [otherwise it would have already occured at $7 silver]. None of this is opinion. It is verifiable, but not easily. That's what makes the information valuable. Most people don't know it yet [or don't even think about it]. Coins are only a factor in the price of silver to the extent the holders are willing to melt them at spot. Sales between collectors don't impact the world price of the commodity.</p><p><br /></p><p>Anyway, I love silver and the dynamics of the market for it, but I know from experience that it usually isn't possible to change someone's long and strongly held opinion. It's the people who believe that the way things have been is the only way it could possibly be who are eventually blindsided by change. Times are changing for silver.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 78682, member: 3011"]Speedy- All I can say is that TOLS is correct. Some people will believe it, some won't. Keeping in mind that it is entirely possible for silver to drop in price by $1 [since it is highly volitile and imacted by futures market speculation in the short run], it isn't likely [closer to impossible] that the lower price can hold for long because it's below the cost of bringing a new ounce to market from exploration to final sale. So either the price will eventually rise or the world will eventually do without silver. We're talking years here, not decades, until this happens. People talk about opening new mines and the tons of silver that will be dumped on the market from some unidientified imaginary source. Even if this is true, neither event will take place unless and until the price of silver is much higher than it is now [otherwise it would have already occured at $7 silver]. None of this is opinion. It is verifiable, but not easily. That's what makes the information valuable. Most people don't know it yet [or don't even think about it]. Coins are only a factor in the price of silver to the extent the holders are willing to melt them at spot. Sales between collectors don't impact the world price of the commodity. Anyway, I love silver and the dynamics of the market for it, but I know from experience that it usually isn't possible to change someone's long and strongly held opinion. It's the people who believe that the way things have been is the only way it could possibly be who are eventually blindsided by change. Times are changing for silver.[/QUOTE]
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