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<p>[QUOTE=&quot;Cloudsweeper99, post: 1224876, member: 3011&quot;]A lot of the &quot;easily recoverable silver&quot; isn&#039;t so easily recoverable.&nbsp; Just try telling your wife that it&#039;s time to sell her jewelry for melt because the price is high, or that it&#039;s time to sell her mother&#039;s sterling silver set.&nbsp; It won&#039;t happen.&nbsp; Most of the easily recoverable silver was already melted in 1979-80, can&#039;t be melted again, and was never replaced.&nbsp; And try telling collectors that it&#039;s time to sell their morgan and peace dollars for melt because of an industrial shortage. Or get the people of India to turn in their silver for paper.&nbsp; Or get the government of China to sell us their silver stockpile for some more US Treasuries.&nbsp; A lot of silver is theoretically available but in practice will never be turned into 1000 ounce Comex bars to cover short positions.&nbsp; I don&#039;t even think most people will want to sell MS69 and PF70 ASEs for melt value -- and they shouldn&#039;t.&nbsp; The silver market is tiny in dollar terms compared to other markets.&nbsp; This is one of those cases where complacency developed over 30 years can lead to missing the biggest turn of events in silver in the last 100 years.&nbsp; It&#039;s something to think about.[/QUOTE]</p><p><br /></p>

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