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<p>[QUOTE="Cloudsweeper99, post: 275559, member: 3011"]Predictions are for fortune tellers. But I don't think it is difficult to see that the supply/demand situation for silver makes it highly probable that silver will go up in price, perhaps by a lot. I've even seen a few arguments to favor the postion that the price of silver will someday exceed the price of gold. The basis is the fact that there is more above ground gold than above ground silver in the world, and a much larger percentage of the silver is consumed annually by industry than is true of gold. There was also a government survey a few years back [I forget which agency published it] that forecasted that silver would be the first major industrial metal that will basically be completely mined-out globally by about the middle of the 21st century. This doesn't mean that no silver will be mined. It just means that the quantity will be a small fraction of what it is now. Gatzdon correctly points out that there are ways to recover silver other than by mining, but it's going to take unbelievably high silver prices to make it economically feasible. </p><p><br /></p><p>So silver coins are not only collectibles. They are also long term call options on the potential future price increase.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 275559, member: 3011"]Predictions are for fortune tellers. But I don't think it is difficult to see that the supply/demand situation for silver makes it highly probable that silver will go up in price, perhaps by a lot. I've even seen a few arguments to favor the postion that the price of silver will someday exceed the price of gold. The basis is the fact that there is more above ground gold than above ground silver in the world, and a much larger percentage of the silver is consumed annually by industry than is true of gold. There was also a government survey a few years back [I forget which agency published it] that forecasted that silver would be the first major industrial metal that will basically be completely mined-out globally by about the middle of the 21st century. This doesn't mean that no silver will be mined. It just means that the quantity will be a small fraction of what it is now. Gatzdon correctly points out that there are ways to recover silver other than by mining, but it's going to take unbelievably high silver prices to make it economically feasible. So silver coins are not only collectibles. They are also long term call options on the potential future price increase.[/QUOTE]
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