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<p>[QUOTE=&quot;Krasnaya Vityaz, post: 123799, member: 1791&quot;]One factor that is very important in the valuation of silver is supply vs. demand, right now the demand is starting to outpace supply.&nbsp; Supply of silver is very limited due to the fact that it is largely mined as a by product of copper, lead mining etc and not in of initself being mined currently.&nbsp; If the price continues to rise and offset the cost of opening up proven mines, then mines in Mexico and Latin America which are not currently operating will be opened up, but this takes time and money and so far that is not happening.</p><p><br /></p><p>Yes, Russia has a lot of precious metals, but the focus of mining right now is on gold, largely in Far Eastern Maritime Regions.&nbsp; Russia is making lots of money already on oil and will continue to do so as long as the economies of the USA and China demand it.[/QUOTE]</p><p><br /></p>

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