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<p>[QUOTE=&quot;Cloudsweeper99, post: 94443, member: 3011&quot;]Mike,</p><p><br /></p><p>What you say about photography is true.&nbsp; But something like 85%-90% of the silver used by photo labs gets recycled anyway, so as photography decreases as a USE for silver, it also decreases as a SOURCE of silver by almost as much.&nbsp; And even if silver use in photography is no longer growing, I&#039;m not sure how much it is actually declining on a worldwide annual basis.</p><p><br /></p><p>All investing involves estimating probabilities.&nbsp; Since nobody is running around counting ounces produced and consumed around the world, everything is an estimate.&nbsp; I&#039;ve read several Wall St assertions that silver inventories will rise automatically in response to price increases, but this is just stated as a general observation that the writers probably learned in college in their macroeconomics course.&nbsp; It isn&#039;t analysis.&nbsp; I haven&#039;t read any detailed in depth analysis by any writer that didn&#039;t conclude that there is a production deficit that is unlikely to be filled unless and until the price rises high enough to destroy demand.&nbsp; Increasing supplies just don&#039;t seem to be available.</p><p><br /></p><p>Anyway, I wouldn&#039;t want to be a seller of any kind of silver coins these days unless it is part of a normal, ongoing, profitable business [i.e., a dealer is excused from selling silver coins because it&#039;s what they do. A collector is not].&nbsp; It might turn out to be one of those major regrets in life a few years from now.[/QUOTE]</p><p><br /></p>

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