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<p>[QUOTE=&quot;medoraman, post: 1573350, member: 26302&quot;]I guess we just have a philosophical difference of opinion how we view the numbers man, that is all I can say. I read industrial consumption at around 486 million ounces, and new mining of 761 million ounces. Everything else is inventory in my mind. Yes, I view ASE&#039;s as potentially meltable inventory. No one view US coinage as meltable inventory at the time, but today they are, so are some modern commemoratives. ALL COINS minted nowaday, (as well as tea sets, silverware, etc), is potentially meltable inventory.</p><p><br /></p><p>Therefor, I believe we mined 375 million more ounces last year than we &quot;consumed&quot;. I know you view this differently, and that is probably why we have different outlooks on the metal. I don&#039;t dislike the metal, (might have more of it than you, idk), I have always loved the metal, I simply do not see a severe supply squeeze in the works. In fact, the silver institute said production was down due to some abnormal work stoppages at the world&#039;s 2 largest mines, yet new production was helping to offset it. Wait until this new production of primary mines, as well as new production from other metal mines, hits the market in a few years. I would anticipate weakness. I might be tempted if it spiked up sharply again to sell a large part of my 20 year old stash.</p><p><br /></p><p>Just different opinions from the same data man.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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