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Good news for us silver bugs!!!!!!

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misteroman
Moderator

USA
1246 Posts

Posted - 04/24/2008 : 00:27:50

http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUST26231020080423
Looks as though we will now have silver instead of Platinum in our catalytic converters.
Maybe it will hit $30 an ounce soon.
D

****Always buying wheats and Pre 82's!!!! See post or PM me for details****
http://realcent.forumco.com/topic.asp?TOPIC_ID=2014

silverhalide
Penny Sorter Member

36 Posts

Posted - 04/24/2008 : 16:21:20

I saw that press release but I have no idea how much silver usage would be required in the catalyst.

Somewhere between 4-5 mil oz/ year of platinum is used for auto catalytic converters so if that same amount were required it wouldn't really make a profound effect on the demand side considering metal has some negative demand impacts from the growth of digital photography but I am guessing it may require 4-5 times more silver than the Pt catalyst based on molecular weights.

misteroman
Moderator

USA
1246 Posts

Posted - 04/24/2008 : 20:21:52

any bit at all should have a positive impact
D

****Always buying wheats and Pre 82's!!!! See post or PM me for details****
http://realcent.forumco.com/topic.asp?TOPIC_ID=2014

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