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<p>[QUOTE=&quot;medoraman, post: 1631340, member: 26302&quot;]<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Within a certain pricing matrix, I assure you ALL PM is &quot;reproducible&quot;. There is what, like 5 ounces per person on earth of gold just dissolved in ocean water? People who say prices have nothing to do with availability should look at ever increasing production of silver. It just keeps going up, and higher prices would drive that further. </p><p><br /></p><p>So, if technologically we are no where near the limits of recoverable PM, and technology is increasing this boundary all of the time, then &quot;physical exhaustion&quot; is not really a concern for pricing discussions.</p><p><br /></p><p>That is why I agree with Drusus&#039; analysis.</p><p><br /></p><p>Btw Drusus, I have a book that goes over pretty well the beginning of the notion of gold as a monetary metal. From that book, they explain gold was pretty and used by the clergy for crowd effect in ancient mesopatamia. Once the clergy started to demand it, the aristocracy found it fashionable to wear it as well. This was the real beginning to the notion that gold was &quot;valuable&quot; at all, basically a early form of religious performance art. After that, because of clergy and aristocratic demand, the mesopotamians &quot;taught&quot; others that gold is valuable, and this continued on until the &quot;whole world&quot;, (Europe and near east in ancient parlance), all believed gold was valuable.[/QUOTE]</p><p><br /></p>

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