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<p>[QUOTE="Cloudsweeper99, post: 1315296, member: 3011"]The terms plentiful and scarce are relative. Silver is still a bit difficult to discover and put into production in commercial quantities at a reasonable cost per ounce. I don't think silver miners falsifiy their financial statements for tax purposes. If you don't believe the income statement, you can go to the cash flow statement and get the same results. I completely agree with you that the rising cost of production did not drive the price up. The point I was trying to make, perhaps not clearly, is that the rising cost of production has put a higher floor under the price than existed in the past. I don't agree that the silver produced today will be around in 500 years. The increasing use of silver in industrial applications will take care of that. Some will be recovered. Most won't. I agree that if silver suddenly spikes to $80 due to the actions of speculators, it will naturally crash afterward. And whiile I agree that someday the silver bubble will pop, first we have to have a silver bubble, and I don't see any evidence that this has happened yet. Anyway, that's my $0.02.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1315296, member: 3011"]The terms plentiful and scarce are relative. Silver is still a bit difficult to discover and put into production in commercial quantities at a reasonable cost per ounce. I don't think silver miners falsifiy their financial statements for tax purposes. If you don't believe the income statement, you can go to the cash flow statement and get the same results. I completely agree with you that the rising cost of production did not drive the price up. The point I was trying to make, perhaps not clearly, is that the rising cost of production has put a higher floor under the price than existed in the past. I don't agree that the silver produced today will be around in 500 years. The increasing use of silver in industrial applications will take care of that. Some will be recovered. Most won't. I agree that if silver suddenly spikes to $80 due to the actions of speculators, it will naturally crash afterward. And whiile I agree that someday the silver bubble will pop, first we have to have a silver bubble, and I don't see any evidence that this has happened yet. Anyway, that's my $0.02.[/QUOTE]
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