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<p>[QUOTE=&quot;medoraman, post: 1531578, member: 26302&quot;]I would say this is the &quot;monetary&quot; aspect of the metal working. Even if industrial use was not using up mining production, the extra demand of the metal for monetary reasons more than took up the slack. </p><p><br /></p><p>Cloud, you may not agree, (and probably don&#039;t), but my view of the price rise in silver is:</p><p><br /></p><p>1. Artificially low for 15 years due to many factors. </p><p>2. Cheap oil also made the price low</p><p>3. More expensive oil now needs to be factored into cost of production</p><p>4. Government and investor buying now instead of selling</p><p><br /></p><p>It may seem weird, but in many markets 1% extra demand can move the price 20-30% or more. I simply view inventory building and extra coinage demand as being this incremental demand that is having great effects on pricing. If that is true, the one must be cognizant of it since it could also work the other way. What is the long term &quot;real&quot; price? Probably close to cost of production, and for that you need to pay attention to oil prices and cost of machinery.</p><p><br /></p><p>Btw, just yesterday, I had two people who never have invested in PM tell me, as investment advice, &quot;buy gold and silver, that is what everyone is saying is the best investment&quot;. That advice makes me nervous as heck about the PM market. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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