This assumes that these investors holding the 1918.1 Moz are prepared to give it up at today's prices, which I strongly doubt, so your argument is a nonsense.
What planet do you live on Pirocco? "In practice", if silver production was immediately halted, demand would increase spectacularly. However, the existence of a massive stockpile of silver is an important fact that shouldn't be forgotten in debates over supply and demand and price.
What stockpile? Starting in the 1500s and continuing through today, most of the silver in existence has been lost through boating accidents. :lol:
I stand corrected. Sadly, I too lost my stack to an unfortunate boating accident. Stackers lead a life of danger so accidents are inevitable.
More and more silver is being consumed for solar panels, electrical components and medical disinfectants etc. As a scrap buyer, love pre 46 coins I have found them harder to find since about November of last year. Dealers I speak with attest to the same situation. A lot is apparently going to china for smelting and their demand is growing. Silver is very different to gold as it is used up. In the past the ratio of gold to silver was about 15 to 1, today it is about 65 to 1 so you can see why I am grabbing every bit I can before the door closes. When of course, who knows but feel it cannot be too far down the track.
Silver shipwreck: 61 tons recovered from the ocean floor - http://www.cnbc.com/id/100903743 More Sunken Treasure Recovered; 13,500 Gold, Silver Coins Found At 1857 Shipwreck - http://www.forbes.com/sites/kitcone...00-gold-silver-coins-found-at-1857-shipwreck/ Both discoveries by Odyssey Marine Exploration (NYSE: OMEX) which have a low stock price at the moment - Source: http://chart.finance.yahoo.com/z?s=OMEX&t=1y&q=l&l=off&z=m&a=v&p=s,v&lang=en-US®ion=US Might be worth an investment to hedge against an influx of sunken silver on to the market.
Self correcting problem. The more silver they find, the lower the price of silver. The lower the price of silver, the greater the risk and the less likely that a search will be undertaken.
The health of the U.S. economy requires that the PMs trade sideways for as long as the bullion banks can control the prices in the present zone. We see them flirting with prices driven into the sub mining cost zone apparently in an effort to reduce silver mining output. Anything to protect the Petro dollar that has made all these bastards rich off the backs of honest working people throughout the world. Nuff said... stack on.9
I get so excited when I read stories like the above. Its so exciting. However I always wonder if the crew slip a few gold coins into their pockets every now and then. Would be tempting.
Where do you see assumptions? There aren't any. Just calculations, based on public figures. Oh, and they don't need to "give it up" at today's prices. They can give it up at 2020 prices too. They could be the same though. Hell, they can give it up over 50 years too, with a doubled price, while other prices (example) 4-folded.
The average silver price was in 2003 $5 In 2008 it was $15 In 2011 it was $35 In 2012 it was $31 In 2013 it was $24 Does it look like industrial demand / consumption drove the price? I really don't think so! It's posssible that you read too much silverdoctors and zerohedge and other dealer (although these all tend to be copied from the former) stories. And yes, silver is used up. But that's true since quite some time lol. And gold as a reference to judge silver? A price ratio is only relevant for swappers, and most of them seem to buy silver only to milk the stupidity on its market on the road to gold. My view on it is pretty basic: everything that people stockpile in the role of storage of value, will be destockpiled later, and undo the price uptrend it caused. The bigger the stock, the bigger the price rise, the bigger the stock sales later, the bigger the price drop later. What else lol?
I need the silver price to drop to $10/oz so I can accumulate the amount of Silver I have now to bring my average price down. Once I have this amount the price then needs to go to $90/oz for me to sell. Until then I am sitting on my silver because I have to.... As to where the real price will go.....if you knew you wouldn't tell anyone.
No time to imbed a video, but I think this covers the situation. https://www.youtube.com/watch?v=Q6ofSQTlBoo
