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<p>[QUOTE="InfleXion, post: 1574094, member: 29012"]Indeed, I am taking a longer term view with this thread. However I don't think it will take a couple centuries. Who knows really, but my line of thinking is that if the US gets so debt laden that the unemployment rate is just completely out of control, and if inflation continues indefinitely, may eventually end up in a situation where people will be mining for gold so they can afford to eat like happened in Zimbabwe. If everybody has a household member panning for gold daily then it would add plenty to the overall supply. This is not a possibility for silver, yet as long as things are patched together there will be an ever increasing demand for silver. Japan's solar demand projections over the next 20 years alone are staggering. It seems like only a matter of time given the course we are on, but maybe we will right this ship too and things will keep on chugging along, preferably. If silver does surpass gold it may not be in any of our lifetimes, but it may very well be a good ways down that road. </p><p><br /></p><p>I just disagree with yours and medoraman's stance that recycling and mining will be able to keep up with demand, though it is purely speculative opinion on my part. I don't feel that it matters where the demand is coming from, or where the silver is going. X amount of people want to buy Y amount of silver, and every year that exceeds Z amount mined. Just because some of that may come back on the market doesn't mean it will. I don't know anybody who buys eagles with the intent of selling for less than they paid, and with premium spreads that pretty much demands spot price rise for those eagles to come to market except for the folks who come across hard times which will be some, but stackers in general are much less likely to feel the pain IMO.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1574094, member: 29012"]Indeed, I am taking a longer term view with this thread. However I don't think it will take a couple centuries. Who knows really, but my line of thinking is that if the US gets so debt laden that the unemployment rate is just completely out of control, and if inflation continues indefinitely, may eventually end up in a situation where people will be mining for gold so they can afford to eat like happened in Zimbabwe. If everybody has a household member panning for gold daily then it would add plenty to the overall supply. This is not a possibility for silver, yet as long as things are patched together there will be an ever increasing demand for silver. Japan's solar demand projections over the next 20 years alone are staggering. It seems like only a matter of time given the course we are on, but maybe we will right this ship too and things will keep on chugging along, preferably. If silver does surpass gold it may not be in any of our lifetimes, but it may very well be a good ways down that road. I just disagree with yours and medoraman's stance that recycling and mining will be able to keep up with demand, though it is purely speculative opinion on my part. I don't feel that it matters where the demand is coming from, or where the silver is going. X amount of people want to buy Y amount of silver, and every year that exceeds Z amount mined. Just because some of that may come back on the market doesn't mean it will. I don't know anybody who buys eagles with the intent of selling for less than they paid, and with premium spreads that pretty much demands spot price rise for those eagles to come to market except for the folks who come across hard times which will be some, but stackers in general are much less likely to feel the pain IMO.[/QUOTE]
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