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<p>[QUOTE="tommybee, post: 912845, member: 24999"]Patience, Orenthal. Patience. Copper and nickel are down. They are industrial metals. Once the economy picks up industrial metal value will increase. </p><p><br /></p><p>This is why I love silver. It is also an industrial metal. However, it is also a precious metal. If the economy booms silver should increase in value. If the economy tanks silver should go up in value.</p><p><br /></p><p>Silver is in everything, cell phones, computers, tv remotes, solar panels, medical instruments, mirrors, etc. There is so little silver in most of these items that they are just discarded. It isn't cost effective to recover the silver. 90% of all the gold ever mined is still available. Not so with silver. In fact, there is more above ground gold than silver right now. I know that they can always mine more, but keep in mind that silver is generally found as an impurity in other metals..like gold and copper. The Comstock Load was an aberration.</p><p><br /></p><p>I still can't believe you can buy silver for under $20 bucks an ounce. I try to buy 60 oz a month. Could I lose my shirt? Yes. Silver is a small and volatile market. However, gold is at an all time high right now. Everything I watch the news there is a commerical trying to sell me gold. Some of the high price of gold must be a bubble. People are getting the hard sell and they are scared. Gold may go up, but unless the world's economy completely crashes..it must come down. I'm hoping that silver rises to meet gold somewhere in the middle...near the historic 16 to ratio. That may not happen, though. Silver's history and future will be subject to much political manipulation.</p><p><br /></p><p>Think about the overhead those gold selling companies have when they are running ads on television....guess who they pass high cost of marketing on to....[/QUOTE]</p><p><br /></p>
[QUOTE="tommybee, post: 912845, member: 24999"]Patience, Orenthal. Patience. Copper and nickel are down. They are industrial metals. Once the economy picks up industrial metal value will increase. This is why I love silver. It is also an industrial metal. However, it is also a precious metal. If the economy booms silver should increase in value. If the economy tanks silver should go up in value. Silver is in everything, cell phones, computers, tv remotes, solar panels, medical instruments, mirrors, etc. There is so little silver in most of these items that they are just discarded. It isn't cost effective to recover the silver. 90% of all the gold ever mined is still available. Not so with silver. In fact, there is more above ground gold than silver right now. I know that they can always mine more, but keep in mind that silver is generally found as an impurity in other metals..like gold and copper. The Comstock Load was an aberration. I still can't believe you can buy silver for under $20 bucks an ounce. I try to buy 60 oz a month. Could I lose my shirt? Yes. Silver is a small and volatile market. However, gold is at an all time high right now. Everything I watch the news there is a commerical trying to sell me gold. Some of the high price of gold must be a bubble. People are getting the hard sell and they are scared. Gold may go up, but unless the world's economy completely crashes..it must come down. I'm hoping that silver rises to meet gold somewhere in the middle...near the historic 16 to ratio. That may not happen, though. Silver's history and future will be subject to much political manipulation. Think about the overhead those gold selling companies have when they are running ads on television....guess who they pass high cost of marketing on to....[/QUOTE]
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