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<p>[QUOTE=&quot;Cloudsweeper99, post: 708762, member: 3011&quot;]When an electronics firm goes to replenish its silver inventory for fabrication in the next two or three quarters, or the US Mint wants to buy more silver for the ASE program, it must, by necessity, come from silver in storage that is available for sale.&nbsp; That is the only silver that matters in the investment decision.&nbsp; If you start counting jewelry, numismatic coins and granny&#039;s tea set, the picture gets distorted because this silver won&#039;t come to market at anything close to the current spot price.&nbsp; It might come to market if the price of silver is much much higher.&nbsp; And that is exactly the point.&nbsp; There is a high probability that the market will have to offer higher prices to acquire the silver needed by users to balance supply with demand.&nbsp; It isn&#039;t an agenda or nonsense.&nbsp; It is solid analysis of the silver market and the supply/demand characteristics.&nbsp; You are entirely correct that more silver has been mined than gold, and that a lot of silver remains in the ground.&nbsp; But it takes years to bring a new mine into production, environmentalists can block or delay many projects, and many deposits only become economic at silver prices higher than today&#039;s price.&nbsp; However, I think your view is probably more widespread than mine.&nbsp; If it wasn&#039;t, the silver price would already be higher.&nbsp; But for me, I don&#039;t think it is being gullible to believe that the likely outcome will be higher silver prices a few years from now as all of these factors play out in the market.&nbsp; Everyone has to decide for themselves.[/QUOTE]</p><p><br /></p>

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