http://seekingalpha.com/article/1122961 Make of it what you will, but worth a read. Not enough silver available in China to make iMac's?
I'm through taking these types of articles seriously. Whatever happens in the silver market will happen regardless. If there is a silver shortage, good for me, if not, so be it, I doubt there's a huge downside (i.e. silver will almost certainly never go to zero like some paper investments do). That being said I'm not selling any of my silver until one of these things happen: 1. 2015 comes around and silver is at or below $35, or 2. Silver spikes upward of $50, or 3. Some other asset is ridiculously cheap compared to silver. I now read sites like King Word News for the entertainment factor.
I've read these stories/claims from back in march 2011 till now, and instead of hurrying to get the last silver out there, I twiddled my thumbs till the price dropped $18.. $7.. $16... $5... $7.5 ... $5. I know them all, because everytime after those drops I bought the silver that wasnt there. ..
with all the sideways movement and regular 10 percent swings you could be doing very well with paper silver.
Some claimed that there was a shortage, so I must have bought silver that according to them wasn't there...
Other articles report that it is not a silver shortage, rather technical issues with it's "welding" process and a delay in laminating. No mention of a silver shortage as being the reason, in fact, a google search of "iMac silver shortage" returns results saying "rumours". Ya gotta love the PM Propaganda Party, rumours, innuendo, secrets and sometimes, just damn lies. :/
My comment was in relation to her lie. I have not researched the validity oh her other statements, lets assume tjere is less above ground silver than gold for a moment, you must agree at the very least then, that her statement is a half truth at best. And therein lay my point of contention.
Noting that this factor means that any potential for re-monetisation of silver is consequently much, much less than the potential re-monetisation of gold. Monetisation is the key variable underpinning a dramatic step change in relative purchasing power and the potential for the GSR to go back to a sustained sub-20 ratio (as we've discussed before).
they don't write a good silver shortage story like the good ole days but BHP results are out and grades at cannington are dropping. Lead/silver Lead and silver production was lower than all comparable periods and reflected lower head grades at Cannington (Australia). their silver output is down 22% qtr on qtr and 12% half on half. 17,722,000 ounces for the half. edit it was supposedly the world biggest single silver producer? http://www.mining-technology.com/projects/cannington/
It's people that pay prices that were caused by free dollar seekers that make sure that there is no shortage of silver. If I had bought silver in all the price uptrends I've seen, I'd probably had held 33% less silver of the market.
This guy puts it quite well actually http://www.youtube.com/watch?v=Y6zZ24qYLkI&list=PL3BBC6F15AAEC97C5&index=33 'Note I currently do not buy from Miles Franklin'
seems they've been dropping for a while. a couple of years back they did 12,152,000 ounces for a qtr. makes me wonder if cannington is still the biggest silver producer now.
