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<p>[QUOTE="Cloudsweeper99, post: 989851, member: 3011"]Regarding the first point, that isn't what happened. The market never provided more silver than the Hunt's could afford to purchase. The CFTC changed the rules regarding delivery to collapse the price and left the Hunts with large losses on their long contracts.</p><p><br /></p><p>Regarding the second point, silver has few good substitutes for most applications, and is generally a very small part of the total cost of items that it is used in. So even if silver doubled in price, it probably represents a very small increase in overall cost that is unlikely to cause industrial users to completely redesign their product around a substitute that wouldn't perform as well.</p><p><br /></p><p>But we will have to wait and see. Silver is just about the only thing you can buy today for the same price it sold at three decades ago.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 989851, member: 3011"]Regarding the first point, that isn't what happened. The market never provided more silver than the Hunt's could afford to purchase. The CFTC changed the rules regarding delivery to collapse the price and left the Hunts with large losses on their long contracts. Regarding the second point, silver has few good substitutes for most applications, and is generally a very small part of the total cost of items that it is used in. So even if silver doubled in price, it probably represents a very small increase in overall cost that is unlikely to cause industrial users to completely redesign their product around a substitute that wouldn't perform as well. But we will have to wait and see. Silver is just about the only thing you can buy today for the same price it sold at three decades ago.[/QUOTE]
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