Various mostly technical facts and data about gold and silver. So many videos on precious metals are mostly emotion, as an engineer with 35 years experience in primarily electronics but much research in metals I felt I could contribute important information the investing world needs to know but does not! When ten friends selected at random all told me they assumed there was about 50 times MORE silver in the world than gold based on the price differential! When the answer is there is 5 to 10 times MORE gold than silver! Very few apparentlyknow this! This and much more needs to be known by all investors!
CORRECTION: There is about 5 to 10 times more gold for investors to buy than silver. This includes bullion coins and bars. There is more above ground silver. The majority of it is not in bullion form (i.e. sterling candlestick holders etc. ) I know many reclaim silver used in jewelry but silver used in industry is another matter. I'd be interested to look at companies who do industry silver if any have Web sites.Photography used to be a major source of silver but with digital photography that market is almost gone.I've seen estimates of reclaiming silver from trash dumps using today's technology and they've been $10K to $20K an ounce. Pretty much a hand operation. For now I'll go with the many who say we're running out. There is a silver reclamation industry, they are refineries and even private individuals, I have a friend who refines himself in mass, when he has enough he has it further refined. People who develop film will save the silver halide crystals and have them refined. The problem is it is not yet cost effective to go through all the trouble of land fill diving.SILVER FOUND ALONG SIDE MANY METALS, FEW SILVER MINES ARE STARTED AS SILVER MINES. COPPER MOST COMMON. SILVER AND OTHER VALUABLE METALS FOUND IS JUST EXTRA PROFIT! REALLY "GOOSES" STOCK PRICE OF, SAY, LEAD MINE WHEN COMPANY ISSUES PRESS RELEASE SAYING "SILVER HAS BEEN FOUND". MAY ONLY BE 1000 OUNCES BEFORE VEIN RUNS OUT BUT SUCH VAGUE PRs HAVE CAUSED STOCKS OF BORING ZINC ETC MINES TO ROCKET UP 1000% IN MINUTES, ONLY TO CRASH WHEN VEIN RUNS OUT. OWNERS SELL STOCK QUICK!
Silver to become a rare earth metal , it is Extremely undervalued. Silver to become extinct by year 2020 according to geologists only 300 millions ounces left! Silver is consumable industry metal it is used up : 95% gold ever found is still around 75% of silver is a by-product of mining other metal only 25% is primary product of mining,In 1480 the price of one ounce of Silver was equal to one ounce of Gold, Low supply, high demand Price to skyrocket get your silver and stay long!
Sunday, January 9, 2011
An Engineer s Look at Silver
Even though everything in this video is in the public domain, most likely not one percent of silver investors and users are aware of what is contained in this important video. There is now five times MORE gold than silver plus the world is running out of silver. So why is the price of silver so low? Good question! Listen then draw your own conclusions.
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Bars of silver, buried or sunk somewhere where the government won't easily confiscate it, are a good retirement strategy.The price of gold is now purely speculative." The dollar wil continue to go down and gold continue to go up.An ounce of gold bought a nice suit 70 years ago and also today. It's the dollar that has lost value. Gold has not minus manipulation, speculation and suppression. Sil wl nt b the world's reserve currency.But sil will retain value due to increasing industrial$. I don't trust gvts target on gold.What will silver be when supply is 3% of today?