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<p>[QUOTE="medoraman, post: 1357333, member: 26302"]Well, I am not sure of their US and Canadian production numbers, but silver is silver, and other sources show consistent year on year gains in silver production. The loophole about ASE silver I don't know about. </p><p><br /></p><p>I happen to agree with accounting for coin production as inventory rather than "use". "Use" implies the silver is lost, coinage is not lost but rather can be melted whenever the owner wishes to sell, just like any other stockpile of silver sitting in a warehouse. Granted there are proofs and other specialty coins struck, but most are simply bullion. Treating this as "use" as others claim greatly distorts true "use" of silver. Think about it, why do people buy bullion? To one day sell, right? Its an investment. Its identical to a company buying a few truckloads of silve for inventory, its physically put aside to be used another day.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1357333, member: 26302"]Well, I am not sure of their US and Canadian production numbers, but silver is silver, and other sources show consistent year on year gains in silver production. The loophole about ASE silver I don't know about. I happen to agree with accounting for coin production as inventory rather than "use". "Use" implies the silver is lost, coinage is not lost but rather can be melted whenever the owner wishes to sell, just like any other stockpile of silver sitting in a warehouse. Granted there are proofs and other specialty coins struck, but most are simply bullion. Treating this as "use" as others claim greatly distorts true "use" of silver. Think about it, why do people buy bullion? To one day sell, right? Its an investment. Its identical to a company buying a few truckloads of silve for inventory, its physically put aside to be used another day.[/QUOTE]
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