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<p>[QUOTE="jolumoga, post: 1631714, member: 41780"]I do object to a couple of points from skimming this thread.</p><p><br /></p><p>1. "Plenty of supply." If there is plenty of supply, why are the United States Mint and Royal Canadian Mint stalling production of bullion coins? Last I read, yearly global production is less than 1 billion ounces, which is very small compared to global consumption. Also, it is my understanding that mines are deteriorating in quality and that the cost of mining is increasing because it is fuel-intensive. </p><p><br /></p><p>2. "No market manipulation." How is it that more paper silver can be traded in one day than annual global production without some kind of market manipulation or distortion? And, with banking scandals such as Libor and drug money-laundering, how is it far-fetched to posit that a much smaller market like silver is likewise manipulated?[/QUOTE]</p><p><br /></p>
[QUOTE="jolumoga, post: 1631714, member: 41780"]I do object to a couple of points from skimming this thread. 1. "Plenty of supply." If there is plenty of supply, why are the United States Mint and Royal Canadian Mint stalling production of bullion coins? Last I read, yearly global production is less than 1 billion ounces, which is very small compared to global consumption. Also, it is my understanding that mines are deteriorating in quality and that the cost of mining is increasing because it is fuel-intensive. 2. "No market manipulation." How is it that more paper silver can be traded in one day than annual global production without some kind of market manipulation or distortion? And, with banking scandals such as Libor and drug money-laundering, how is it far-fetched to posit that a much smaller market like silver is likewise manipulated?[/QUOTE]
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