Silver & Gold is about to Explode! Bank Holiday warnings…..

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  • Sun, Aug 16, 2009 - 01:39pm

    #51
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    Re: Silver & Gold is about to Explode! Bank Holiday …

I would like to take issue with the notion that silver will be "extinct" in the near future.  There are few exclusively silver mines, but most silver is produced as a byproduct of other types of mining.  So, production of silver may go down, but presumably as long as there is mining of associated metals, there will be silver produced.

http://www.allsands.com/howto/silvermining_ame_gn.htm

[quote]Silver, in its free or uncombined state is very rare. It will normally be found in conjunction with deposits of gold and copper. More common are its many ores. However, only about 25% of the earths annual production of silver comes from silver ores. The other 75% is obtained as a by-product of the refining of lead, zinc, copper and gold ores.[/quote]

I’m not sure whether the extinction notice comes from, but it seems on its face to be incorrect.  Does anyone have info to the contrary?

Doug

  • Mon, Aug 17, 2009 - 12:47pm

    #52
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    Re: Silver & Gold is about to Explode! Bank Holiday …

[quote=Doug]

I would like to take issue with the notion that silver will be “extinct” in the near future.  There are few exclusively silver mines, but most silver is produced as a byproduct of other types of mining.  So, production of silver may go down, but presumably as long as there is mining of associated metals, there will be silver produced.

http://www.allsands.com/howto/silvermining_ame_gn.htm

[quote]Silver, in its free or uncombined state is very rare. It will normally be found in conjunction with deposits of gold and copper. More common are its many ores. However, only about 25% of the earths annual production of silver comes from silver ores. The other 75% is obtained as a by-product of the refining of lead, zinc, copper and gold ores.[/quote]

I’m not sure whether the extinction notice comes from, but it seems on its face to be incorrect.  Does anyone have info to the contrary?

Doug

[/quote]

Start with this. I have the USGS report link at home and will post it later.

Silver is EXTREMELY finite right now.

http://www.resourceinvestor.com/News/2009/8/Pages/Market-force-Silver.aspx

  • Mon, Aug 17, 2009 - 01:42pm

    #53
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    Re: Silver & Gold is about to Explode! Bank Holiday …

Morpheus

I read that article before.  Morgan is a silver bull and promoter, and he does not address the issue I brought up, that of silver being a byproduct of other mining.  If 75% of silver comes as byproduct, I don’t see why it won’t continue to be produced as long as we mine for copper, gold, lead and zinc.  I, of course, don’t know what the numbers are and I can cetainly accept that they show some point where production drops way off.  As I understand it, we already consume more than we produce.  My quibble is with the notion of extinction.  It just doesn’t pass the smell test.

Doug

  • Wed, Aug 19, 2009 - 12:30pm

    #54
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    Re: Silver & Gold is about to Explode! Bank Holiday …

http://www.theaureport.com/pub/na/2940

  • Fri, Aug 21, 2009 - 07:53pm

    #55
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    Re: Silver & Gold is about to Explode! Bank Holiday …

China and Silver

http://www.theaureport.com/pub/na/2948

  • Wed, Aug 26, 2009 - 10:54pm

    #56
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    Re: Silver & Gold is about to Explode! Bank Holiday …

Gold ETF sees largest ever single-day inflow

http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=88066&sn=Detail

  • Thu, Aug 27, 2009 - 12:51am

    #57
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    Re: Silver & Gold is about to Explode! Bank Holiday …

[quote=Doug]

Morpheus

I read that article before.  Morgan is a silver bull and promoter, and he does not address the issue I brought up, that of silver being a byproduct of other mining.  If 75% of silver comes as byproduct, I don’t see why it won’t continue to be produced as long as we mine for copper, gold, lead and zinc.  I, of course, don’t know what the numbers are and I can cetainly accept that they show some point where production drops way off.  As I understand it, we already consume more than we produce.  My quibble is with the notion of extinction.  It just doesn’t pass the smell test.

Doug

[/quote]

What’s the smell test Doug if I may ask? I’m not a “face value type”, I posted the USGS data in this forum for people to crunch the numbers themselves. There presently exist 270,000 tons of Ag reserve and 570,000 tons base reserve. At the present rate of consumption silver will become extinct. It’s a vital chemical catalyst that cannot be replaced, it’s electrical properties make it an absolute requirement in electronics (MSEE and a good part of a Ph.D in electrical engineering + 14 years experience.. I know this like aspect well).

Look at the US geological survey data, look at recovery rates, usage, and the net decrease in silver. Please, I implore you to. Then calculate the life expectency of the reserves. Now mind this though. “base reserves” are reserves that are not economically feasible to recover, with the definition of “feasibility” being of varying degrees.

Nothing should be assumed nor should anything be taken at face value. That’s a recipe for getting burned.  The data is there. Pull up an excel sheet and do the math.

As you would put it my friend, once you do the numbers then something doesn’t pass the smell test.

Don’t trust me. Do the math yourself.

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