Silver is a finite resource. There has never been this large of a population...ever...in the history of man. Silver is relatively rare, with about 1/6th of an ounce for every man/woman/child in the world. Silver has the highest electrical conductivity of any element. We are a world in which technology drives societies...and third world countries are developing faster than ever before. So, why is silver so cheap? In real terms...it doesn't make sense.
Hi, Well when someone writes "Thanks for the blatant condescension" - one assumes one has taken offence - if not, why write such a comment. And from your latest post I believe you have totally missed the point - you go on and on about silver being undervalued because of a myriad of 'reasons' - you have not got it - the price is NOT set by reason - like retarded was trying to tell you. Have a great day Gazza
It was blatant. And, I'm not "offended," rather stated the obvious. If you don't like the question, and think I need to be schooled...cool. But, the long term price IS set by reason. My question was based on the past 30 years, and how the price, currently, doesnt necessarily reflect supply/demand. Will it eventually? It has to. Apparently, you hate the question, and missed the entire point of my question. Have a wonderful day Sir.
It's within my buying range at the moment. I'm not saying it is cheap though, I will buy as it drops further. Cheap? Many people consider $30 as cheap (Back up that truck again and again and again. Yeah right!!! ).
Cheap is relative, isn't it? People must have very small trucks, or very large pockets...because backing up that truck is contagious around here. lol
Well the answer that everyone is looking for is..... Caroline Nicole Mosley Google image search turns up that same avatar thumbnail and some other very NSFW images.
Wow! you even got her name...lol, awesome. Was it on the first page, or second when you searched "thumbnail avatar?" I found her quickly...and was like "dayum!" I just had to have her. lol
Pirocco, you make some good points but cherry picking a snapshot of the longs to shorts. My point is why were are at this lower spot. Looking back there has been a large disconnetion in the ratio of longs to shorts which does have an impact on the spot price - do you disagree? I mention more to the story (eh ETF's) which also play a part with the spot Point is simply the spot can be $2.00 but your not going to be buying it anywhere near that price. All this BS silver is a by product is rubbish. Look at the Comex for principle listing silver miners. Sorry but will come bac and reply better,just limited on sare time currently Do value you input and points raised
Just a thought, as an economist, if Silver was too expensive then technology would find other metals to produce what is needed. So in reality when silver runs out....prices won't go sky high...another process will be invented. Because a profit would be made. So for big banks to manipulate the price where they will never reap a positive benefit basically means they are willing to burn their money just to "steal" your silver?? It's simple supply and demand function. Silver is worth what it is now because its value is what the markets deem it to be. But like cash, as long as others want it, it will be worth something.
Who knows what technology will come up with next, however, I imagine it would be a monumental task to synthetically produce a material as highly conductive as silver. Same with most other things, even synthetics are produced from natural base materials. How do you make a semi conductor without silicon or germanium for instance and indeed why would you try if the ideal material already exists in abundance. Even at a much higher price these materials would still be used as the amounts required are so small and the cost of developing an alternative would be prohibitively expensive. These elements will likely never become "extinct." As long as the need or demand is high enough to fund the extraction I'm sure the mines will just get deeper. Perhaps we will round up some marauding asteroids with a huge nuclear powered magnet. A mile wide gold nugget, mmmmmm. I gotta have one of those.
Every tangible good and asset gets its value namely from the level of human desire in it; desire = demand. Supply factors in but you can have 1 of an item in the whole world and if there's no desire, the unique thing is worthless. There is no intrinsic value in silver and gold as there is none in sand. Human desire creates the value.
