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<p>[QUOTE=&quot;Cloudsweeper99, post: 72573, member: 3011&quot;]During the &quot;Mad Silver Melt of 1979-80&quot; people were standing in line to sell family heirlooms, tea sets and anything made of silver for the scrap prices which were typically $20 to $30 per ounce in those days.&nbsp; A huge number of junk silver coins were also melted down.&nbsp; So the theory is that what you described already happened, and that there isn&#039;t much silver left to come on the market at prices less than $20.&nbsp; This isn&#039;t to say a lot of people won&#039;t get rid of their 40% silver, G4 Morgan dollars, and even silver eagle coins if prices shoot up a lot.&nbsp; It&#039;s just that there isn&#039;t as much silver around now as their was then because hundreds of millions of ounces are gone forever.&nbsp; The flood might be more of a trickle.&nbsp; But you are essentially correct.&nbsp; Higher prices will bring additional supplies of silver out of hiding.&nbsp; Maybe just not enough to collapse the price.[/QUOTE]</p><p><br /></p>

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