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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Silver Tards Have been lied To
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Poster Handle
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Anonymous Coward |
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Post Content
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as of 2010 there is approx 1,056,800,000 billion ounces. As industrial demand slows there will be more silver left out there.
Quoting: Anonymous Coward 1105263With high prices, there is an incentive to produce more and cut the amount of silver in produts. Fewer products are also produced in an economic slowdown (fewer products, less silver in each product, more supply): the result is a price decline. A price decline sparks a selloff from "investors". This brings even more silver onto the market and price collapses further. This is a very possible scenario for the short term, even if the long term fundamentals remain good. Actually, usually in a market as a commodity sells off, there comes online much more supply. I would suggest that you do your homework and check out the sales at both Apmex and Kitco since the decline started recently. This is not the same scenario that the bears are touting, not by a longshot. Physical sales have exploded the past few days.I think industrial demand is the key factor.
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