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<p>[QUOTE="JJK78, post: 1573332, member: 19207"]Nice post InfleXion~ I have been doing a lot of research lately and like you I and getting more and more on the silver boat everyday and think that silver has much greater potential then most people give it credit for. Silver is I believe the most useful commodity on earth with over 10,000 different uses, the only one with more is crude oil with more then 20,000 uses. Also there are not "plenty" of substitutes for silver and practically none which are as inexpensive. </p><p><br /></p><p>Plus as far as available supply, silver is much more rare then gold above ground because for hundreds of years we have been consuming silver, unlike gold which has always been coveted and has primarily always been used either as money or jewlery. Most of the gold ever mined is still around, most of the silver is not. Plus if you really want to know how much is available out there just take a look at the COMEX and see how much is available...</p><p><br /></p><p>11,274,366.884 ounces of Gold worth $19,439,263,381.39</p><p><br /></p><p>142,738,998.294 ounces of silver worth $4,594,768,355.08</p><p><br /></p><p>Seems like a lot until you consider that we consumed almost 500,000,000 ounces of silver for industrial uses last year alone. Heck with less the $5 billions dollars worth of silver out there Apple Computers could buy all of it and not even use up 10% of their cash reserves!</p><p><br /></p><p>I have found a few very good videos on the subject which have been very informative which some of you may or may not have seen but i'll post links if anyone is interested.[/QUOTE]</p><p><br /></p>
[QUOTE="JJK78, post: 1573332, member: 19207"]Nice post InfleXion~ I have been doing a lot of research lately and like you I and getting more and more on the silver boat everyday and think that silver has much greater potential then most people give it credit for. Silver is I believe the most useful commodity on earth with over 10,000 different uses, the only one with more is crude oil with more then 20,000 uses. Also there are not "plenty" of substitutes for silver and practically none which are as inexpensive. Plus as far as available supply, silver is much more rare then gold above ground because for hundreds of years we have been consuming silver, unlike gold which has always been coveted and has primarily always been used either as money or jewlery. Most of the gold ever mined is still around, most of the silver is not. Plus if you really want to know how much is available out there just take a look at the COMEX and see how much is available... 11,274,366.884 ounces of Gold worth $19,439,263,381.39 142,738,998.294 ounces of silver worth $4,594,768,355.08 Seems like a lot until you consider that we consumed almost 500,000,000 ounces of silver for industrial uses last year alone. Heck with less the $5 billions dollars worth of silver out there Apple Computers could buy all of it and not even use up 10% of their cash reserves! I have found a few very good videos on the subject which have been very informative which some of you may or may not have seen but i'll post links if anyone is interested.[/QUOTE]
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