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1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 09/27/2009 : 11:38:27
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---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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aloneibreak
Penny Hoarding Member
USA
672 Posts |
Posted - 09/27/2009 : 14:45:39
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good article. hard to wrap your mind around numbers that big.
just another strike against ETF's. digital blips showing you own silver will mean nothing when things get bad.
also can you imagine our own government wanting us to buy physical silver like chinas is suggesting ?!?! |
My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson
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Copper Catcher
Administrator
USA
2092 Posts |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 09/27/2009 : 17:11:13
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Yeah, try taking delivery of a COMEX bar sometime.. lol.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 09/27/2009 : 23:07:33
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Nice article,
At $16/oz., x 75 million oz. = $1,200 million, or $1.2 billion, or $0.0012 Trillion.
I might need to add a few more zero's in the final number to get the answer to the amount I own.
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You don't have to be the BEST you just have to be.......SLICK
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 09/29/2009 : 16:53:13
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I wonder what the dollar value comparison and available inventory comparison is to 1980 when silver go pushed up so high? I wonder if there were more physical ounces available at that exact time, or less?
Why haven't more rich people put big money into silver? But that would of course cause a supply crunch! And that would be scary for many!
One thing he doesn't point out....though it is really a mute point, is that industrial consumption of silver will drop off sharply if the price exceeds $50 an ounce. So of the 600 million ounces mined, more would be available for investors, etc. But if big money got involved(ie, billgates, oprawinfry, michealjordn etc) all at the same time, then that increased availability of otherwise industrial consumption wouldn't make much difference. |
"May your percentages ever increase!" |
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keys
Penny Collector Member
383 Posts |
Posted - 09/29/2009 : 17:52:12
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I'm not sure industrial consumption of silver would drop off if silver reached $50, the industrial use of gold hasn't dropped off and gold is dancing between $950 and $1,000.
Considering how little silver is used in industry and consumer goods(I figure .01 gram per application, or even less) the higher cost to use silver per application would not reduce demand for silver. Most likely the cost of each finished product containing a small amount of silver would increase a dollar or two. Not too much to scare off consumers, just enough to cover production costs.
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I change with the times-
but like silver coins found in your change
I stay the same.
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The United States of America started out as the new Republic of Rome.
Will The United States of America end up as the New Imperial Rome? |
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The Tiny $0.001 Trillion Silver Market
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