Message:

<p>[QUOTE=&quot;medoraman, post: 1385113, member: 26302&quot;]I would guess its 50 times less valuable since far fewer people want it. Most human beings have no desire at all to own silver, contrary to what most of this board believes. They simply do not want it, care for it, or give a rip. Gold is bolstered both by its reputation for jewelry, (try giving your fiance a silver ring), store of value demand, as well as some cultural traditions.</p><p><br /></p><p>As for not being substitutible, EVERY product on earth is substitutable at a certain price. Its how economics works. Silver is not immune. Look at all of the products that were coming out on the market a few years ago with traces of silver. Where are they now? Silver is an excellent metal, yes, but in almost no application is it not substitutable at some price point. If you have sustained $100 an ounce silver you will see dramatic changes in industrial demand, even more if its higher. We have not seen sustained prices like that, but I am sure that if we see a sustained price you will see industrial demand tank.</p><p><br /></p><p>As far as producers being stupid, I have met some of the managers of sales at these firms, and they are as bright as they come and very aware of evey aspect of their market. I seriously doubt they are being dumb on how they market their production.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in