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<p>[QUOTE=&quot;InfleXion, post: 1626159, member: 29012&quot;]So through 2011 there are 282 MOz of eagles. That would barely cover 1 year of mining shortfall, with every single eagle coming to market. Yes there are other coins, but my point is that it&#039;s not really all that much silver compared to how much demand there is, roughly only 1/3 of a year&#039;s worth of mining supply for all those eagles.&nbsp; </p><p><br /></p><p>The world may not revere gold and silver at this point (although it is engrained in the human psychi since the dawn of civilization), but if and when paper currencies fail they will be forced into a new reality where gold and silver will be the only respected form of money. I&#039;m not saying it has to happen, but for those who believe it will happen owning gold and silver beforehand is a shrewd play. It doesn&#039;t really matter if people want to buy it today, because it is in preparation for tomorrow. </p><p><br /></p><p>For those who believe the economy will recover (without free market capitalism I find this a tough pill to swallow), financial markets are fair and sustainable (in spite of high frequency robot trading growing exponentially and now accounting for roughly 90% of all market action), and government spending is not out of control (in spite of exponentially growing debt that GDP cannot possibly keep up with without severe spending cuts) then there&#039;s not much of a case to own precious metals, although I think silver is a good play regardless strictly due to supply and demand factors independently of everything else. </p><p><br /></p><p>I&#039;m not saying silver is running out, but the numbers are clear that supply has not met demand for over a decade, and this is even true going back a century when there used to be a giant silver stockpile that is no longer sitting ready for consumption. Unless this trend reverses suddenly there will come a day where the price will have to be high enough for people to want to sell it, but the risk in that scenario is that if the price goes high enough to shake confidence in paper money that would actually increase demand and inhibit people from wanting to sell, especially if it ends up in a hyperinflation where the price is going up faster than markets can adjust.&nbsp;&nbsp; </p><p><br /></p><p>PMs may be commodities, but as I&#039;ve stated before, unlike other non-metal commodities they are also elements that cannot be reproduced like corn and pork bellies. There is a finite supply on our planet unlike these other things. I find it highly unlikely that we will drain the supply, but I also find it highly probable that in order to get necessary future supply to market the price will have to go much higher.[/QUOTE]</p><p><br /></p>

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