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<p>[QUOTE="EdThelorax, post: 3668962, member: 99854"]Silver will be 25+ by spring. Woldwide mine production is close to a billion ounces per year. that's 17 billion dollars. The US government goes that much further in debt every 3 days. At today's silver price, Apple computers could buy 15 years worth of global production with the cash they have in the bank. The CME handles the same value in gold DAILY as the value of all the silver mined for 2 years. The silver market is tiny compared to modern finance. As the price increases, more and more people will want to buy it. Since there are so few of us that actually hold it, the silver coming to market will not be even close enough to fill demand. Presently there is very little investment demand as can be seen here, one of the few places that one would expect to find a majority buying. </p><p><br /></p><p>Supply and demand shows a continuing yearly deficit even at these low prices. </p><p>Adjusted for inflation, silver is very close to an all-time low. Buy low, sell high. Right?</p><p>The 7 largest comex traders are short 350 million ounces. They have to buy that much just to cover the contracts they have already sold. That means there was 350 mil. oz extra "supply" in the past and an extra 350 mil. oz. demand in the future. </p><p><br /></p><p>Do your own due diligence. Don't take anyone on the internet's word for it.[/QUOTE]</p><p><br /></p>
[QUOTE="EdThelorax, post: 3668962, member: 99854"]Silver will be 25+ by spring. Woldwide mine production is close to a billion ounces per year. that's 17 billion dollars. The US government goes that much further in debt every 3 days. At today's silver price, Apple computers could buy 15 years worth of global production with the cash they have in the bank. The CME handles the same value in gold DAILY as the value of all the silver mined for 2 years. The silver market is tiny compared to modern finance. As the price increases, more and more people will want to buy it. Since there are so few of us that actually hold it, the silver coming to market will not be even close enough to fill demand. Presently there is very little investment demand as can be seen here, one of the few places that one would expect to find a majority buying. Supply and demand shows a continuing yearly deficit even at these low prices. Adjusted for inflation, silver is very close to an all-time low. Buy low, sell high. Right? The 7 largest comex traders are short 350 million ounces. They have to buy that much just to cover the contracts they have already sold. That means there was 350 mil. oz extra "supply" in the past and an extra 350 mil. oz. demand in the future. Do your own due diligence. Don't take anyone on the internet's word for it.[/QUOTE]
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