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<p>[QUOTE="Cloudsweeper99, post: 72604, member: 3011"]One thing to consider is that silver, unlike most gold, is actually "consumed." After it is melted into 1000 ounce bars, the bars are purchased by firms such as Kodak [for film] and defense contractors. So the bars are the "package" purchased by the users. There are far fewer bars around today than 30 years ago. </p><p><br /></p><p>Another interesting point is that extracting silver from cell phones and other electronic devices is about equivalent to mining in efficiency. The concentration of silver, copper and gold in a pile of old cell phones and computers is approximately the same as many open pit mines. And when you start talking coins, the concentrations of metals are so great that the tiny cost to separate the silver from the copper in a large-scale smelting operation yeilds profit margins far in excess of any mine. </p><p><br /></p><p>So hang onto those 90% and 40% silver coins and don't let anyone tell you they are worth far less than melt value. It just isn't true.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 72604, member: 3011"]One thing to consider is that silver, unlike most gold, is actually "consumed." After it is melted into 1000 ounce bars, the bars are purchased by firms such as Kodak [for film] and defense contractors. So the bars are the "package" purchased by the users. There are far fewer bars around today than 30 years ago. Another interesting point is that extracting silver from cell phones and other electronic devices is about equivalent to mining in efficiency. The concentration of silver, copper and gold in a pile of old cell phones and computers is approximately the same as many open pit mines. And when you start talking coins, the concentrations of metals are so great that the tiny cost to separate the silver from the copper in a large-scale smelting operation yeilds profit margins far in excess of any mine. So hang onto those 90% and 40% silver coins and don't let anyone tell you they are worth far less than melt value. It just isn't true.[/QUOTE]
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