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<p>[QUOTE=&quot;Cloudsweeper99, post: 997878, member: 3011&quot;]I&#039;ve thought about this, but I don&#039;t think it is relevant.&nbsp; IF silver prices rise to what people would consider very high prices, it will be because of investment demand, not industrial demand.&nbsp; In that case, industrial demand could go to zero and it wouldn&#039;t matter.&nbsp; All of the investment grade silver in the world probably doesn&#039;t amount to much more than a billion ounces.&nbsp; When you consider the fact that many institutional investors manage a half-trillion or more in assets, it becomes obvious that if even one of these giants decides to take a 2% position in silver, they would have to buy all the silver in storage in the world.&nbsp; I don&#039;t expect this to happen, but investment demand is the key to higher silver prices, not industrial demand.&nbsp; But it must also be considered that a very large amount of silver is consumed by the defense industry where price isn&#039;t as important as performance.&nbsp; There are things silver can do for which there is no equivalent substitute.[/QUOTE]</p><p><br /></p>

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