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<p>[QUOTE="mikem2000, post: 1531284, member: 30574"]As I said, there is no argument SHORT Term. I am talking LONG term, and LONG Term, you do not need the price to rise, to get it out of people's hands, you just dig more. It only costs $20 an oz to dig it up.</p><p><br /></p><p>As far as you statement being true, the proof is not there. Sure, I have read what you have read, but the first thing is you mis-represented what it said. When, I read it, it said what BU's post said. Bullion Equivalent. You left out the equivalent. What exactly does the mean? Maybe it means the number of grams available per person, at the time, maybe not. The fact is we don't know what is means, but you cannot assume it means the total available ounces was greater 700 years ago. That just flies in the face of logic.</p><p><br /></p><p>Secondly, just because someone says it, does not make it true. Just as we were chatting about the Silver Institutes numbers, must be looked at with at critical eye, so should your claim. I have really only seen folks like Ted Butler state those kinds of stats with no proof at all. Pure logic would suggest those claims are indeed false. These folks also always seem to have another agenda also. They are either bullion dealers, or selling newsletters, or something. I have NEVER seen that claim from an unbiased source, if you have please prove me wrong.</p><p><br /></p><p>I mean it is comical that BU provided a link on what you are saying, and the name of the site was rumormillnews.com. That is not a site I would go to for investment advice, of course YMMV[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 1531284, member: 30574"]As I said, there is no argument SHORT Term. I am talking LONG term, and LONG Term, you do not need the price to rise, to get it out of people's hands, you just dig more. It only costs $20 an oz to dig it up. As far as you statement being true, the proof is not there. Sure, I have read what you have read, but the first thing is you mis-represented what it said. When, I read it, it said what BU's post said. Bullion Equivalent. You left out the equivalent. What exactly does the mean? Maybe it means the number of grams available per person, at the time, maybe not. The fact is we don't know what is means, but you cannot assume it means the total available ounces was greater 700 years ago. That just flies in the face of logic. Secondly, just because someone says it, does not make it true. Just as we were chatting about the Silver Institutes numbers, must be looked at with at critical eye, so should your claim. I have really only seen folks like Ted Butler state those kinds of stats with no proof at all. Pure logic would suggest those claims are indeed false. These folks also always seem to have another agenda also. They are either bullion dealers, or selling newsletters, or something. I have NEVER seen that claim from an unbiased source, if you have please prove me wrong. I mean it is comical that BU provided a link on what you are saying, and the name of the site was rumormillnews.com. That is not a site I would go to for investment advice, of course YMMV[/QUOTE]
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