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<p>[QUOTE="Gam3rBlake, post: 7808720, member: 115909"]Hmm well maybe it won’t always be that way?</p><p><br /></p><p>I mean afterall it wasn’t long ago that China <b>only </b>accepted payment in silver. They did not accept gold coin for payments.</p><p><br /></p><p>As humans we believe that things will stay as we know them but 50 years from now the situation might be reversed and there will be a lot of silver shops and very few gold shops.</p><p><br /></p><p>I was reading an article that made a lot of sense.</p><p><br /></p><p>The author wrote about how most of the gold ever mined is still in “circulation” per se. Whereas the silver used in industry is often destroyed/thrown away rather than recycled.</p><p><br /></p><p>If you’re interested here is what it said:</p><p><br /></p><p>“Silver differs from gold in several important ways. Most notably is that unlike gold, silver gets used up and is then gone forever. Almost all of the gold ever mined in mankind’s history is still here. We don’t really use gold for anything other than money or as a store of wealth and for decoration like jewelry. Silver gets used in all kinds of industries. It’s natural antibiotic properties make it a wonderful instrument in the medical field. It is used in military applications; it’s used in all kinds of electrical switches, relays, and batteries. It’s used in water purification systems and paints, and as a primary component in the photographic industry. Silver doesn’t corrode and has excellent thermal conductive properties. Silver, like gold, has also been used, [and continues to be used] as a monetary instrument for centuries. Moreover, as India and China continue their unparalleled advance into joining the ranks of the industrialized world, the situation will be further exacerbated.”</p><p><br /></p><p>Source: <a href="https://www.mining.com/silver-is-now-even-more-precious-than-gold-do-you-own-any/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.mining.com/silver-is-now-even-more-precious-than-gold-do-you-own-any/" rel="nofollow">https://www.mining.com/silver-is-now-even-more-precious-than-gold-do-you-own-any/</a>[/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 7808720, member: 115909"]Hmm well maybe it won’t always be that way? I mean afterall it wasn’t long ago that China [B]only [/B]accepted payment in silver. They did not accept gold coin for payments. As humans we believe that things will stay as we know them but 50 years from now the situation might be reversed and there will be a lot of silver shops and very few gold shops. I was reading an article that made a lot of sense. The author wrote about how most of the gold ever mined is still in “circulation” per se. Whereas the silver used in industry is often destroyed/thrown away rather than recycled. If you’re interested here is what it said: “Silver differs from gold in several important ways. Most notably is that unlike gold, silver gets used up and is then gone forever. Almost all of the gold ever mined in mankind’s history is still here. We don’t really use gold for anything other than money or as a store of wealth and for decoration like jewelry. Silver gets used in all kinds of industries. It’s natural antibiotic properties make it a wonderful instrument in the medical field. It is used in military applications; it’s used in all kinds of electrical switches, relays, and batteries. It’s used in water purification systems and paints, and as a primary component in the photographic industry. Silver doesn’t corrode and has excellent thermal conductive properties. Silver, like gold, has also been used, [and continues to be used] as a monetary instrument for centuries. Moreover, as India and China continue their unparalleled advance into joining the ranks of the industrialized world, the situation will be further exacerbated.” Source: [URL]https://www.mining.com/silver-is-now-even-more-precious-than-gold-do-you-own-any/[/URL][/QUOTE]
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