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<p>[QUOTE=&quot;mnmvick, post: 1164476, member: 15626&quot;]Yes - I read that some more and now I am seeing that it was varieties of bulbs with some kind of virus that kept them from reproducing?&nbsp; Also it appears that not everyone in society was involved in trading them either.&nbsp; But how many gold commercials do you see on TV these days?</p><p>&nbsp;</p><p>I had done some research a few years ago on some of the precious metals.&nbsp; My main goal was to answer the question &quot;Given that I am a human on Earth, and I think that precious metals will ALWAYS have value, how much of each Siver, Gold, Platinum and Palladium would I need to own, to have &#039;the average amount&#039;.&quot;&nbsp; In other words, their are about 6 billion people, so if there are 3 billion ounces of silver, then I want to own 1/2 of silver, and so I would be average.&nbsp; It led me to learn a bit about how much exists and what the production is like.&nbsp; Of course everything is an estimate.</p><p>&nbsp;</p><p>So when the Hunt brothers drove silver up to $50 an ounce, they owned 200 million ounces, which was about half of the annual production, I think.&nbsp; Or they called it &quot;available silver.&quot;&nbsp; According to a number I found somewhere, 416 million ounces are mined each year now, so the real question is what are the demands?&nbsp; It sounds like &quot;the float&quot; or available for sale or use in making products, is really low right now.&nbsp; But can silver mines up production easily?</p><p>&nbsp;</p><p>Also - what if 1 or 2 mines account for a decent percent of total worldwide production, and ane of them has a cave-in.&nbsp; That will surely drive the price up too.</p><p>&nbsp;</p><p>You are SO right about the financial instruments too.&nbsp; I mean, when you begin trading sight unseen and in quantities that are unrealistic to physically produce, then you have a problem.&nbsp; I think that Enron agtually sold UNUSED network bandwidth to other companies as a type of insurance that they could use this bandwidth if they needed too.&nbsp; Kind of like the gas station selling you 50 gallons of storage in their tank, so if you wanted, you could put some in there and get it later.&nbsp; If you could get like 5 cents a gallon a month, you could make money on empty tanks!&nbsp; I mean, then if you USE it, well that is another 15 cents a month.</p><p>&nbsp;</p><p>So this is what I wonder: is all this silver being traded physically?&nbsp; All the silver I own; I physically own.&nbsp; Is anyone buying like thousands of ounces and paying 10% a month over ten months?&nbsp; If so, then leveraging is going to push prices up incorrectly, I think.</p><p>&nbsp;</p><p>Whoever brought up the inflation adjusted price - yeah, that throws another wrench in things.&nbsp; If silver&#039;s price could be $125 based on inflation, then there is really no reason that it wouldn&#039;t go there for sure, unless demand dropped or production goes way up.&nbsp; Can you imagine if silver was $125 by the end of 2011?&nbsp; Wow!&nbsp; I would be selling some of my silver for sure.[/QUOTE]</p><p><br /></p>

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