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<p>[QUOTE="kaparthy, post: 94440, member: 57463"]<b>I have seen the future and it works!</b></p><p><br /></p><p><br /></p><p><br /></p><p>I would not argue with a single assertion, you made, Cloudy. I can only add more facts in support. </p><p><br /></p><p>It is true that the biggest use of silver THEN was photography. Not only has that gone the way of the dinosaur, but even x-rays require less silver, have gone to digital imaging, lower rad levels, etc., etc. </p><p><br /></p><p>On the other hand, the world is probably glued together with 2% silver solder.</p><p><br /></p><p>If you go to OANDA.com (<a href="http://www.oanda.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.oanda.com" rel="nofollow">www.oanda.com</a>) and use the historic price tables, you will see that we are at $8/oz for silver a year ago.</p><p><br /></p><p>I have a table that compares currencies, gold and silver that I built from this data. Basically, the US Dollar has been in a slide against stronger currencies. (Many currencies are pegged to the dollar. Many are weak because their governments are weak.) Against, gold, the dollar has been falling steadily. However, silver has been -- will be -- more volatile: up and down in large swings. <b>The bottom line, is that <u>silver</u> <u>is</u> <u>not</u> <u>a</u> <u>bellwether</u>, it is just a commodity, like cocoa and coffee and hogbellies</b> -- all of which, admittedly, cost more than they did in 1980.[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 94440, member: 57463"][b]I have seen the future and it works![/b] I would not argue with a single assertion, you made, Cloudy. I can only add more facts in support. It is true that the biggest use of silver THEN was photography. Not only has that gone the way of the dinosaur, but even x-rays require less silver, have gone to digital imaging, lower rad levels, etc., etc. On the other hand, the world is probably glued together with 2% silver solder. If you go to OANDA.com ([url]www.oanda.com[/url]) and use the historic price tables, you will see that we are at $8/oz for silver a year ago. I have a table that compares currencies, gold and silver that I built from this data. Basically, the US Dollar has been in a slide against stronger currencies. (Many currencies are pegged to the dollar. Many are weak because their governments are weak.) Against, gold, the dollar has been falling steadily. However, silver has been -- will be -- more volatile: up and down in large swings. [B]The bottom line, is that [U]silver[/U] [U]is[/U] [U]not[/U] [U]a[/U] [U]bellwether[/U], it is just a commodity, like cocoa and coffee and hogbellies[/B] -- all of which, admittedly, cost more than they did in 1980.[/QUOTE]
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