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<p>[QUOTE=&quot;mikem2000, post: 1531073, member: 30574&quot;]And while we are at it, even if this was true(which it is not), can Inflexion or anybody else exlplain what this would have to do with the LONG term price of silver.&nbsp; For the short term, it is obvious, but for the LONG term I just just don&#039;t see how this is related. </p><p><br /></p><p>&nbsp;To straighen things out of what is a commodity, silver and other metals, things you mine, are considered hard commodities, things like corn are, things you grow, are considered soft commodities.</p><p><br /></p><p>Now these soft commodities have a shelf life, so there really is no true long lasting above ground supply.&nbsp; You sell it, you need more, then you grow more.&nbsp; This works fine, and in the short term, things like corn have shortages, like this year with the current drought.&nbsp; Corn goes up.&nbsp; But we grow more and eventually demand is filled and the price goes down.&nbsp; The fact that the ready for market supply has shrunk, does not have much to do with the long term price.</p><p><br /></p><p>Silver is the same way, we use it, we need more and we dig it at approx $20.00 an oz.&nbsp; If we need more, we re-open mines, open new mines etc.&nbsp; So I fail to see the big deal about the above ground supply.&nbsp; </p><p><br /></p><p>Now, before we get starrted that the below ground supply is running short, if that is anyone&#039;s argument, please make your case with hard facts.&nbsp; Any internet blogger clown can say whatever he wants, but there is no reliable study that shows we have a below ground shortage. So in short, I am not buying into the fact that there is an infinite supply of corn vs a limited supply of silver.&nbsp; Of course, from a pure technical view, this is true, but we are just not likley to see these limits come into play in our life times and should not effect our investment strategies.&nbsp; Maybe the people who are born in the year 3500 may need to think about this, but not us.</p><p><br /></p><p>&nbsp;Mike[/QUOTE]</p><p><br /></p>

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