Message:

<p>[QUOTE=&quot;InfleXion, post: 1257203, member: 29012&quot;]Silver has more uses (around 10,000) than anything except for oil (around 30,000). My understanding is that it is the most reflective metal, the best semiconductor of electricity, and the best thermal conductor as compared to any metal or man-made substitute. Nanosilver is in socks, deoderant, countertops, band-aids, water filters, the list is just staggering, and none of that is recoupable.&nbsp; </p><p><br /></p><p>Most silver is mined as a byproduct, but this can be misleading because if the price of silver were higher then a lot of those mines would become de facto primary silver mines since that status is based on amount of profit, not how much is produced. Nonetheless, the notion of epithermal deposition is that silver resides primarily at the surface of the Earth&#039;s crust and will become increasingly expensive to mine as they have to keep looking deeper for sparser deposits. Currently mine production exceeds demand, but above ground available silver is at 700 year lows, and the Silver Institute projects demand to grow largely due to solar panels, electronics, and medicinal uses. If this were to tip the scales in the direction of mining less than enough to meet demand then we will be looking at a seesaw between shortages and higher prices to draw out the sellers.&nbsp; </p><p><br /></p><p>The only mining numbers I have are from Chris Martenson&#039;s blog:</p><p>&nbsp;<a href="http://www.chrismartenson.com/blog/screaming-fundamentals-owning-gold-and-silver/59850" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.chrismartenson.com/blog/screaming-fundamentals-owning-gold-and-silver/59850" rel="nofollow">http://www.chrismartenson.com/blog/screaming-fundamentals-owning-gold-and-silver/59850</a> </p><p><br /></p><p>Taking 2010 as an example, gold mined was around 2500 metric tons, where as silver was around 735 million oz. So 2500 metric tons * 2204 = 5,510,000 lbs * 16 oz = 88,160,000 ~ 88 million oz. So much closer to 10:1 on that ratio, although if you consider above ground available gold to above ground available silver you will get a ratio of more like 10:1 or 15:1 of more gold than silver. This does not include &#039;investment silver&#039; however, which is debatable how much of which will come to market or not. </p><p><br /></p><p>I agree silver should be taken more seriously, and I have been primarily picking up .9999 pure silver lately as an extended play since that&#039;s the purity required for solar panels which I believe will be the first shortage we see down the road. In the US the historical gold/silver ratio was 15:1. In ancient Rome it was 20:1. At times in Egypt silver was worth more than gold. So I plan to start easing some silver into gold in increments once the ratio hits 25:1, but plan to always hold more wealth in silver than gold because I believe the fundamentals are unparalleled.[/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