Another one: If we were looking at a collapse of manufacturing capacity, maybe convert the proftits from silver into a stock of high quality, hardened, alloy steel tools, especially for essential equipment that would be around for a long time, maybe for things like diesel generators.
That's a huge speculative "if". As for me, if that did happen, since there's no way to know for certain what conditions will be like, what supply and demand will look like in the near through long term, what other assets or expenses may be important to buy / pay off, there's no certain answer except to say...we shall see when the time comes. Silver is neither indispensable nor not immune to the risk of rapid devaluation. .
Don't you know that god is responsible for the climate change....it's Duespogenic climate change, man. Anthropogenic is so yesterday's science. .
That's not such a silly comment actually. Lockheed Martin, not exactly a dodgy start up trying to get some press time, says they've cracked fusion and will have a working prototype of a 100mw reactor that will fit in a standard shipping container in a year. Commercialised and on the market in 10. If it was anyone other than LM you would be laughing at another nutty free energy scam. Their work is based on Bussard's (RIP you hyper genius) polywell which has spun if designs picked up by the US Navy and some pretty serious academics feel is Promising. I suppose I'm saying I wouldn't put any money in anything that depends on energy to keep its prices up. As mentioned, water through desalination is one of those things. Luckily silver is only about 20% determined by energy costs although I'm sure with no fuel costs they'll find a way to replace people with power the way they replaced miners with high pressure water hoses. I'm not sure I like the idea of a behemoth like LM, already one of the world's biggest companies, becoming the world's largest energy company by an order of magnitude. Cause you know with their background that if they Crack the fusion nut they will have it patented and locked up do tight we'll be using LM fusion reactors for 100 years. I don't hate the idea so much that I wouldn't buy some LM stock though.
The good thing is that the patents only last for a number of years. 20 for technology I believe. After that, everybody can copy it.
Plus with 20 years of never before seen profits and the attraction of having the first practical reactor they will have basically the whole field to themselvs to continue patenting things in slightly different combinations and all the technology for the best generation reactors. Just like big pharma making small variations on popular drugs to maintain patents after they should have expired. LM are just the sort of company with ties to every level of government, domestically and internationally, to get exactly what they want and you better believe they will squeese every cent out of their work. Still the benefits are so great even with LM's massive profit making the benefits for everyone will be huge. I suppose we can all hope EMC2 get there first. Also I wouldn't be surprised if China starts making knock offs within a year or two. It will be fascinating to see the effect the announcement and confirmation of practical fusion will have in economies and PMs. I wouldn't want to be holding BP or shell stock when it happens. Eventually the completely amazing availability of energy will allow us to mine gold/silver/rare earths from sea water but that will take a decade or two after fusion is rolled out. I think in the meantime there will be chaos in the market as people figure out the repurcussions abd a short term flight to PMs as big companies in energy collapse.
when three bears are at play, some one get the smacked in the face, opps just like this tree. https://www.facebook.com/video.php?v=10152370600151149 The mama bear has contributed to the earth heating :lol: yes we need to invite the big pharma to give the mama bear an injection to prevent it from making further heat contribution; with the pharma's present we can boost the economy too
I read about this some time ago, but I think it hasn't really been talked about to the extent it should have, considering the repercussions. Is LM being paid off by BP and Shell to abandon the technology? LM has a market capitalisation of 58 billion, and BP one of 80 billion. If you add Shell, Texaco, etc. and the weight of Saudi Arabia, Kuwait, etc. and Canadian Tar sands, etc. and put together all the oil interests LM is little more than chicken pee. Anyway, what would be the repercussion of workable fusion? I can see much more energy consumption, people using larger tvs because electricity will be dead cheap, etc. Would the price of silver go up or down?
It will completely change everything. You only have to look at the crazy things scientists predicted for super cheap nuclear energy in the 50s abd times that by 10. Imagine unlimited fresh water through desalination, creating huge new areas of farm land that are basically dry scrub now. HUGE drop in non precious metals prices as the cost of recycling drops massively. A shift to all electric cars and aircraft (possibly using ground based laser power for efficiency). The oil based economies crash hard as do the stock prices of all the oil companies as oil is relegated to being used for making lubricants, plastics and for a few unusual fuel products. The price of most things will drop in a big way as the energy component will shrink to tiny levels. Silver and gold will be popular in the sort term as people wait out the chaos of some of the world's biggest energy companies go belly up. Long term mining becomes cheaper but everything will be cheaper so compared to everything else I don't think the price will drop much. Silver looks good though as industrial use goes way up. Lots of things we currently use like cars and planes will become electric and whole new types of electrically powered industries will come in stream and many will involve silver in some way.
you are not buying becos you have enough. you are not buying becos the price of silver is NOT cheap or near the spot price = ordinary premium you are not buying becos, the buying is not meant for you to buy, ie only the big manipulators got to get the metals on the cheap. you are not buying becos you no you are not going to get that metal on the cheap. OR or you will never to get to buy the metals at all. :lol:
I noticed that the difference between buy and sell is really low, like 1.7% or something (if I remember correctly), while the difference for 1 kg coins is like 15% or something. There 10 oz RCM bars are a great deal!!
http://silverseek.com/article/german-precious-metal-dealers-report-huge-run-silver-coins-13764 there is buying there. German Precious Metal Dealers Report Huge Run on Silver Coins
