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J.P. Morgan is short more paper silver than physically exists in the world?
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<p>[QUOTE="desertgem, post: 1316679, member: 15199"]I don't believe that anyone or any organization is keeping silver in check with, or without any government help. If someone or some fund wanted to spend $30 million on silver in one month, the price would increase nicely, but then after that , it would sink back down, because there is no logical support beneath it. IMO, People over estimate the amount of silver used in industry, take the Solar panel industry so often quoted as a demand issue. There was only demand due to the subsidies and once they fall, there will be little demand issue. In medicine, similar issue. Oligodynamic effects of silver ( and copper) on microorganisms has been known for over 100 years, and was used more than antibiotics up until about 1945. Now they have niche uses both grossly and nanoparticle size, especially for burns and gangrene issues, but there won't be a huge demand for silver for these either. IMO. I think silver is in its sweet spot for a while $30-40, whereas gold I still see a possibility of a geopolitical run, due to world events yet to unfold, including China.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1316679, member: 15199"]I don't believe that anyone or any organization is keeping silver in check with, or without any government help. If someone or some fund wanted to spend $30 million on silver in one month, the price would increase nicely, but then after that , it would sink back down, because there is no logical support beneath it. IMO, People over estimate the amount of silver used in industry, take the Solar panel industry so often quoted as a demand issue. There was only demand due to the subsidies and once they fall, there will be little demand issue. In medicine, similar issue. Oligodynamic effects of silver ( and copper) on microorganisms has been known for over 100 years, and was used more than antibiotics up until about 1945. Now they have niche uses both grossly and nanoparticle size, especially for burns and gangrene issues, but there won't be a huge demand for silver for these either. IMO. I think silver is in its sweet spot for a while $30-40, whereas gold I still see a possibility of a geopolitical run, due to world events yet to unfold, including China. Jim[/QUOTE]
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