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<p>[QUOTE=&quot;mikem2000, post: 1534318, member: 30574&quot;]Yes, I agree that the ratio of above ground silver in terms of mining supply is low.&nbsp; I will not split hairs with you on over a year, under a year, six month&#039;s etc.&nbsp; since it is really how you count it, but if all silver production would stop, we would not have much of a buffer until we ran out.&nbsp;&nbsp; Now while you may view that as a problem for long term supplies, I view it as just the opposite.&nbsp; Now first off, this relatively small above ground supply can play havoc with the short term prices, no doubt about that and we have seen that.&nbsp; Long term is a bit different.&nbsp; Think of it this way.&nbsp; If all the above ground gold in the world were to theoretically disappear, it may take 100 years to fill the void and there would be upward pressure on gold prices for a very long time.&nbsp; For silver, we would be back in buisness in a year. The fact that we can refresh depleted supplies quickly is not bullish for silver long term.[/QUOTE]</p><p><br /></p>

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