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<p>[QUOTE=&quot;10gary22, post: 1315274, member: 23626&quot;]I understand what you are saying, but Silver here in Nevada is still very plentiful. The mines were open when silver was at $5. As price increased, more mines reopened. Profit statements by a commodities producer will always overinflate the cost of production for tax purposes. Beside the point. But silver is not scarce or ultra rare. Production costs have not driven the price to this point. Demand has. I believe the demand is currently caused because people are fearful in this depressed economy. They are seeking insurance against their currencies all across the globe. The large commodity traders cause the market violatility, because commissions are gained from sales and the big boys move from one item to another and squeeze profits from that. But, this is a bubble for silver. At some point, the price will become nearer the production costs as demand decreases. Ifr silver were to rise to say $80 on Friday, I think the amount of silver for sale would cause a HUGE drop shortly after. It must be noted that the market is driven not by the actual, physical silver, but contracts for it. The price is not affected by spoilage, weather, blight, etc. Silver does not have an expiration date or get used in huge quantities that destroy it. Silver mined today is likely to still be around in 100-200 years or even forever. It isn&#039;t produced for consumption. Although it was once used by the photography industry, that has diminished considerably due to digital photography. I just happen to feel that a very high percentage of silver produced today will still be around in 500 years. Add that to the silver produced last week and that produced next week, and there is an increased supply. At some point supply is going to be greater than demand. Then the bubble will pop.</p><p><br /></p><p><br /></p><p>Just sayin&#039;</p><p><br /></p><p><br /></p><p>gary[/QUOTE]</p><p><br /></p>

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