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<p>[QUOTE=&quot;the_highlander, post: 26088, member: 1592&quot;]ok i guess i will need to elaborate on my statement</p><p><br /></p><p>first of all the us mint had 6 billion ounces of silver at the end of ww2 this was by far the biggest hoard of silver in the world.This silver is now completely gone since 2002.</p><p><br /></p><p>All the old silver that was around hoarded in peoples house was mostly melted in the last silver bubble, people then had silver in near every house there was silver.This was and has been already melted.How much of the average population has silver at all now?.This silver was melted and took back into the system long ago the world cant do that again to help suppleis.</p><p><br /></p><p>Unlike gold silver is mined as a by product of other metal mining its uneconomical to mine silver alone at current prices when a shortage appears the price will have to rise to make mining of it viable.</p><p><br /></p><p>All that world coinage has 99% already been melted up and put into the bars the only silver coinage left in the world is a tiny amount, this melting has helped to suppress the prices for the last few generations.</p><p><br /></p><p>there is more that 100 times as much silver as exists traded daily on the comex, if only 1% of these demanded physical delivery we would have a crisis.</p><p><br /></p><p>All the silver known to exist in the world today can be bought for 5 billion usd.</p><p><br /></p><p>unlike gold silver is used up permanently, the biggest use of silver is in minute amounts for silver solder it is uneconomical to recover these tiny amounts hence it is throwing into landfill.This is something that will never happen to gold very little gold is used .</p><p><br /></p><p>there is a 100 million ounce yearly deficit in silver, which means every year were using up 100 million more ounces than were mining.hence the depletion of the usa mints stock.you can find these figures on the world gold councils web site.</p><p><br /></p><p>the world is very close to running a just in time market in silver there are very little stocks left.</p><p><br /></p><p><br /></p><p>finaly</p><p><br /></p><p>the reason that the silver price is so low when looking at all the factors is because of the comex paper trading which is setting the price of the physical.the minute that a supply shortage occurs physical will take the lead.This is the point that silver will skyrocket it wont happen over months or years it will happen in a day.[/QUOTE]</p><p><br /></p>

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