1. 02-23-12 01:18 PM #1
    Scorpion
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    Gold is the Gut Reaction, Silver is the Smart Decision

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  2. 02-23-12 01:42 PM #2
    Monitor-Tan
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    Interesting
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  3. 02-23-12 01:56 PM #3
    Scorpion
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  4. 02-23-12 02:16 PM #4
    Monitor-Tan
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    I think question is how many is estimated to still not be mined yet, and how much silver are they mining a year.
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  5. 02-23-12 03:22 PM #5
    samgurt
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    Quote Originally Posted by Monitor-Tan View Post
    I think question is how many is estimated to still not be mined yet, and how much silver are they mining a year.

    according to the US Geological Survey there is estimated to be about 510,000 metric tons of known silver reserves (16 years of mining at the rate they have mined for the past decade at around 1 billion ounces per year)

    There is also estimated to be a supply of about 10 billion ounces above ground right now (which would be like 10 more years of mining). About 30% of silver is used for jewelry, coins, and silverware. With the rise of electronics, a lot more silver is obviously gonna be used....BUT...a lot of that silver will easily be recovered from recycling. When silver was only $5, about 30% of the silver used in electronics was being recovered from recycling....so obviously now that silver is more expensive, there will be a lot more recovered cuz more companies will recycle.

    Who knows if all the numbers are correct, cuz in the 2nd video it says there is estimated to be 500,000,000 - 700,000,000 of above-ground silver
    Last edited by samgurt; 02-23-12 at 03:28 PM.
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  6. 02-23-12 05:01 PM #6
    Scorpion
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    Quote Originally Posted by samgurt View Post

    Who knows if all the numbers are correct, cuz in the 2nd video it says there is estimated to be 500,000,000 - 700,000,000 of above-ground silver

    No, i dont think they are, and i dont think silver will be extinct
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  7. 02-23-12 05:04 PM #7
    ACoochy
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    Commodities (silver, gold, oil) go up= Devaluing US currency= Bad for US economy...
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  8. 02-23-12 05:20 PM #8
    big0mar
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    Probably a bad idea to take investing advice from YouTube

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  9. 02-23-12 05:26 PM #9
    byronbb
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    For years the tinfoil hat types were claiming Silver market was manipulated by the big banks suppressing the price (the Fed reserve doesn't like competition) but it looks like they might have been right.
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  10. 02-23-12 11:25 PM #10
    samgurt
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    Lots of predictions that silver will be the same price or more valuable than gold in like 20 yrs

    Only time will tell tho.
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  11. 05-09-12 01:25 PM #11
    samgurt
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    Silver down about 17% since the beginning of March. Good time to buy soon?
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