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Solar Panels, How Much Silver Should You Own??
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<p>[QUOTE="ToughCOINS, post: 7620444, member: 20480"]Personally, I don't think anyone's going to make much money as the result of a radical increase in demand for solar panels.</p><p><br /></p><p>Roughly 33 million American homes do not presently depend on solar panels. Assuming the 12+ troy ounces per home that were estimated in the referenced thread, that's 396 million troy ounces. The mining industry produces roughly 25,000 metric tons of silver annually. </p><p><br /></p><p>That's roughly 6 years worth of new production, but the amount of time it would take to tool up and ramp up production of the necessary PV cell capacity, and the amount of time it would take to meet the speculated demand is so far into the future that silver extracted between now and then would easily meet that demand, if it ever materialized.</p><p><br /></p><p>This supposition completely overlooks widely ignored concerns over the environmental efficacy of large scale implementation of solar panels.</p><p><br /></p><p>Our real problem is not finding more energy . . . it's using less.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 7620444, member: 20480"]Personally, I don't think anyone's going to make much money as the result of a radical increase in demand for solar panels. Roughly 33 million American homes do not presently depend on solar panels. Assuming the 12+ troy ounces per home that were estimated in the referenced thread, that's 396 million troy ounces. The mining industry produces roughly 25,000 metric tons of silver annually. That's roughly 6 years worth of new production, but the amount of time it would take to tool up and ramp up production of the necessary PV cell capacity, and the amount of time it would take to meet the speculated demand is so far into the future that silver extracted between now and then would easily meet that demand, if it ever materialized. This supposition completely overlooks widely ignored concerns over the environmental efficacy of large scale implementation of solar panels. Our real problem is not finding more energy . . . it's using less.[/QUOTE]
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