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<p>[QUOTE=&quot;goldcollector, post: 2763093, member: 9088&quot;]Yes the fact that it is $17 an ounce ( or did it break $18 ) affords it uses that Gold is too cost prohibitive to be useful for.</p><p><br /></p><p>This &quot;usefulness&quot; argument is brought up all the time by the silver side implying and sometimes straight out saying that silver spot is going to go up soon because it is so useful. The usefulness of silver does not in any way equal increased spot price. It is already factored into the price and in fact the silver price is dependent on continued usage. Usage which could be threatened if silver went to even $25.</p><p><br /></p><p>The fact that Gold is not used as heavily in industry is in fact a positive for Gold, not silver. Golds price is not dependent on industrial usage or investment demand in the hundreds of millions of ounces per year. Silvers dependence on both of these is just 2 reasons why its appreciation potential is very limited and why the GSR continues to increase.</p><p><br /></p><p>Almost anything super cheap is &quot;useful&quot;. Trash and manure are becoming quite useful in industry because they are so cheap. You could run around saying industry uses more pounds of manure and silver than gold and be correct. But when you keep relying on a meaningless argument like that then its obvious silver doesn&#039;t have much of an argument</p><p><br /></p><p>Copper I see is far far more useful in industry than silver. Hmmmm. I wonder why that is ?[/QUOTE]</p><p><br /></p>

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