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<p>[QUOTE="goldcollector, post: 3175738, member: 9088"]No this completely ignores other factors such as the fact that gold is valued by nearly 100% of humanity whereas silver is not. Silver is used mostly as a flip or get rich quick scheme and is held mainly by "weak hands". It is heavily overproduced.</p><p><br /></p><p>As we know just because something may be 10x more rare this doesn't mean the price must be 10 times higher. It just doesn't work that way. A rare coin say with a remaining population of 500 might be worth $50,000 now if the remaining population grew 10x to 5000 that doesn't mean the new price must be 1/10 or $5000. No the market will determine new price, it just won't be calculated as 1/10 the old price.</p><p><br /></p><p>As well gold is the only thing on Earth that is valued by nearly all yet in lower existence ( per capita ) every year. Human population isgrowing at 1.25-1.50% per year while gold reserves growing about 1%, silver reserves growing 5-10% depending on source. They simply mine too much silver for it to ever do anything.[/QUOTE]</p><p><br /></p>
[QUOTE="goldcollector, post: 3175738, member: 9088"]No this completely ignores other factors such as the fact that gold is valued by nearly 100% of humanity whereas silver is not. Silver is used mostly as a flip or get rich quick scheme and is held mainly by "weak hands". It is heavily overproduced. As we know just because something may be 10x more rare this doesn't mean the price must be 10 times higher. It just doesn't work that way. A rare coin say with a remaining population of 500 might be worth $50,000 now if the remaining population grew 10x to 5000 that doesn't mean the new price must be 1/10 or $5000. No the market will determine new price, it just won't be calculated as 1/10 the old price. As well gold is the only thing on Earth that is valued by nearly all yet in lower existence ( per capita ) every year. Human population isgrowing at 1.25-1.50% per year while gold reserves growing about 1%, silver reserves growing 5-10% depending on source. They simply mine too much silver for it to ever do anything.[/QUOTE]
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