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<p>[QUOTE="vegasvic, post: 423710, member: 15296"]Yes mining companies extract gold and silver from the ground. But, they are also publicly owned companies with stocks that trade. Approximate $80 billion dollars of silver is mined throughtout the world. That was at about a $15 oz price. Or slightly more of than 500 million ounces a year or 500,000 pounds per year. Which equates to 250 tons of silver per year. Is this a lot in a world community? No. Will that they go to almost any expense to get it? Yes. If you are interested in who owns mining companies, go to their website and request investor information including the prospectus, which will show you the major stock holders are, they will be mainly be mutual funds whose managers are under tremendous pressure to improve year over year. So, the mutual funds that own the mining companies, that mine the silver and gold in essence control the output from the mines and know what the cost will be prior to the ore being extracted. Now we have the big shots on Wall Street running the silver and gold. We also have information on Wall Street at what the production costs will be and then we have a couple martinis for lunch and one manger says something and the other manager says something..........get the picture?[/QUOTE]</p><p><br /></p>
[QUOTE="vegasvic, post: 423710, member: 15296"]Yes mining companies extract gold and silver from the ground. But, they are also publicly owned companies with stocks that trade. Approximate $80 billion dollars of silver is mined throughtout the world. That was at about a $15 oz price. Or slightly more of than 500 million ounces a year or 500,000 pounds per year. Which equates to 250 tons of silver per year. Is this a lot in a world community? No. Will that they go to almost any expense to get it? Yes. If you are interested in who owns mining companies, go to their website and request investor information including the prospectus, which will show you the major stock holders are, they will be mainly be mutual funds whose managers are under tremendous pressure to improve year over year. So, the mutual funds that own the mining companies, that mine the silver and gold in essence control the output from the mines and know what the cost will be prior to the ore being extracted. Now we have the big shots on Wall Street running the silver and gold. We also have information on Wall Street at what the production costs will be and then we have a couple martinis for lunch and one manger says something and the other manager says something..........get the picture?[/QUOTE]
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