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<p>[QUOTE=&quot;mikem2000, post: 1759433, member: 30574&quot;]Well, yes a lot of folks said that silver is being consumed at a rate that is faster than it is mined. Technically it is true, but the only&nbsp; people who say that are the folks trying to sell you bullion or the folks who bought into it hook line and sinker.</p><p>&nbsp;</p><p>The reason is all the scrap silver. More silver is being consumed, then is mined, but the gap is MORE than covered by the recycled scrap. Now the bullion dealers would have you believe that this scrap recycling cannot go on forever, and eventually it will run out and we will be faced with a shortage. That is most likley not the case as more &quot;scrap&quot; is created each year. In addition, recovery techniques are getting better so it is likley we will actually begin to see more recycled silver coming to market.</p><p>&nbsp;</p><p>There is also one more point. You statement said &quot;that CAN be mined&quot; The part about the CAN is not true at all. There are still closed silver mines that can be opened, and there is no shortage of new sites that new mining operations can start up if need be and there is a demand.[/QUOTE]</p><p><br /></p>

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