Silver Marches on and on | |
Anonymous Coward User ID: 988822 United Kingdom 02/28/2012 07:32 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 5550344 United Kingdom 02/28/2012 07:35 AM Report Abusive Post Report Copyright Violation | |
Garman906 User ID: 7152882 United States 02/28/2012 07:40 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 11591872 Thailand 02/28/2012 07:42 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 588355 United States 02/28/2012 08:32 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 11569236 Japan 02/28/2012 09:07 AM Report Abusive Post Report Copyright Violation | |
ReVbo™ User ID: 10052144 Norway 02/28/2012 09:15 AM Report Abusive Post Report Copyright Violation | Silver $36.13 $36.23 +$0.65 Last Edited by Revbo™ on 02/28/2012 09:15 AM John 8:32 And ye shall know the truth, and the truth shall make you free. |
Anonymous Coward User ID: 1518787 United States 02/28/2012 09:37 AM Report Abusive Post Report Copyright Violation | the price that silver is at now is setting up a bubble. it cost approx 11-12$ an ounce to mine so at ~35$ an oz miners are going into overdrive to produce it, while industrial and commercial demand is plunging. at higher prices, consumers and industry will find substitutes. the current demand is entirely driven by speculation and this bubble will pop, sending prices down to mid teens. |
Serpo User ID: 11015221 Australia 02/28/2012 09:44 AM Report Abusive Post Report Copyright Violation | the price that silver is at now is setting up a bubble. it cost approx 11-12$ an ounce to mine so at ~35$ an oz miners are going into overdrive to produce it, while industrial and commercial demand is plunging. at higher prices, consumers and industry will find substitutes. the current demand is entirely driven by speculation and this bubble will pop, sending prices down to mid teens. Quoting: Anonymous Coward 1518787 LIES |
Anonymous Coward User ID: 1518787 United States 02/28/2012 09:47 AM Report Abusive Post Report Copyright Violation | the price that silver is at now is setting up a bubble. it cost approx 11-12$ an ounce to mine so at ~35$ an oz miners are going into overdrive to produce it, while industrial and commercial demand is plunging. at higher prices, consumers and industry will find substitutes. the current demand is entirely driven by speculation and this bubble will pop, sending prices down to mid teens. Quoting: Anonymous Coward 1518787 LIES DENIAL whatever man, if you believe silver is worth more than buy it. if you don't, sell it or stay away. simple as that. all i'm saying is there is no real demand and at these prices production is going into overdrive. |
Anonymous Coward User ID: 4902345 United States 02/28/2012 09:47 AM Report Abusive Post Report Copyright Violation | the price that silver is at now is setting up a bubble. it cost approx 11-12$ an ounce to mine so at ~35$ an oz miners are going into overdrive to produce it, while industrial and commercial demand is plunging. at higher prices, consumers and industry will find substitutes. the current demand is entirely driven by speculation and this bubble will pop, sending prices down to mid teens. Quoting: Anonymous Coward 1518787 Party pooper. TO DA MOON!! LOL... |
Anonymous Coward User ID: 1419030 United States 02/28/2012 09:57 AM Report Abusive Post Report Copyright Violation | the price that silver is at now is setting up a bubble. it cost approx 11-12$ an ounce to mine so at ~35$ an oz miners are going into overdrive to produce it, while industrial and commercial demand is plunging. at higher prices, consumers and industry will find substitutes. the current demand is entirely driven by speculation and this bubble will pop, sending prices down to mid teens. Quoting: Anonymous Coward 1518787 LIES DENIAL whatever man, if you believe silver is worth more than buy it. if you don't, sell it or stay away. simple as that. all i'm saying is there is no real demand and at these prices production is going into overdrive. Whats the cost to get a barrel of oil? Silver is not a comodity, but wealth like gold. This is why you papertards missed the first train and will miss the second. By the way, it's closer to 20 bux an ounce to mine now. [link to news.silverseek.com] Compare that to oil. |
Anonymous Coward User ID: 1518787 United States 02/28/2012 10:03 AM Report Abusive Post Report Copyright Violation | the price that silver is at now is setting up a bubble. it cost approx 11-12$ an ounce to mine so at ~35$ an oz miners are going into overdrive to produce it, while industrial and commercial demand is plunging. at higher prices, consumers and industry will find substitutes. the current demand is entirely driven by speculation and this bubble will pop, sending prices down to mid teens. Quoting: Anonymous Coward 1518787 LIES DENIAL whatever man, if you believe silver is worth more than buy it. if you don't, sell it or stay away. simple as that. all i'm saying is there is no real demand and at these prices production is going into overdrive. Whats the cost to get a barrel of oil? Silver is not a comodity, but wealth like gold. This is why you papertards missed the first train and will miss the second. By the way, it's closer to 20 bux an ounce to mine now. [link to news.silverseek.com] Compare that to oil. A key industry figure highlights the problem. According to the trade association the Silver Institute, the average cash costs at silver mines, covering items such as blasting the ore and hauling it out of the ground, worked out to a mere $5.27 an ounce in 2011, less than one-fifth of current market prices. |
Anonymous Coward User ID: 11603688 United States 02/28/2012 10:08 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 475310 United Kingdom 02/28/2012 10:13 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1381155 United States 02/28/2012 10:15 AM Report Abusive Post Report Copyright Violation | |
neim777 User ID: 9984984 United States 02/28/2012 10:16 AM Report Abusive Post Report Copyright Violation | the price that silver is at now is setting up a bubble. it cost approx 11-12$ an ounce to mine so at ~35$ an oz miners are going into overdrive to produce it, while industrial and commercial demand is plunging. at higher prices, consumers and industry will find substitutes. the current demand is entirely driven by speculation and this bubble will pop, sending prices down to mid teens. Quoting: Anonymous Coward 1518787 please the demand for silver is just a very very very small percentage of the masses. The bubble will not come until there is a total shift of the rich and the average people when they start buying 1 But these took this counsel among themselves, that they would leave the multitude of the heathen, and go forth into a further country, where never mankind dwelt, 42 That they might there keep their statutes, which they never kept in their own land. 43 And they entered into Euphrates by the narrow places of the river. 44 For the most High then shewed signs for them, and held still the flood, till they were passed over. 45 For through that country there was a great way to go, namely, of a year and a half: and the same region is called Arsareth. 46 Then dwelt they there until the latter time; and now when they shall begin to come, :knoup: |
Anonymous Coward (OP) User ID: 5428193 United Kingdom 02/28/2012 10:32 AM Report Abusive Post Report Copyright Violation | |
CausticGnostic User ID: 8819941 United States 02/28/2012 10:34 AM Report Abusive Post Report Copyright Violation | the price that silver is at now is setting up a bubble. it cost approx 11-12$ an ounce to mine so at ~35$ an oz miners are going into overdrive to produce it, while industrial and commercial demand is plunging. at higher prices, consumers and industry will find substitutes. the current demand is entirely driven by speculation and this bubble will pop, sending prices down to mid teens. Quoting: Anonymous Coward 1518787 please the demand for silver is just a very very very small percentage of the masses. The bubble will not come until there is a total shift of the rich and the average people when they start buying Exactly, when it gets back to the 45-50 range again, and it will, more people will freak and start panic buying. Then it will be in a "bubble". Whether the fear is rational or not, it will drive the price higher. And whoever said silver demand is down is an idiot. Silver demand for industrial application in 2009 was 403.8 million ounces. 2010 it increased to 487.4. Sure, we lost some demand in photography and silverware, but that's a fucking drop in the bucket compared to the other industrials. We'll be at or above $40 by the end of March, bank on it :P |
Anonymous Coward User ID: 8973636 Canada 02/28/2012 11:09 AM Report Abusive Post Report Copyright Violation | |
ReVbo™ User ID: 10052144 Norway 02/28/2012 11:13 AM Report Abusive Post Report Copyright Violation | |
Me too User ID: 9492855 United States 02/28/2012 11:13 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1382145 United States 02/28/2012 11:16 AM Report Abusive Post Report Copyright Violation | the price that silver is at now is setting up a bubble. it cost approx 11-12$ an ounce to mine so at ~35$ an oz miners are going into overdrive to produce it, while industrial and commercial demand is plunging. at higher prices, consumers and industry will find substitutes. the current demand is entirely driven by speculation and this bubble will pop, sending prices down to mid teens. Quoting: Anonymous Coward 1518787 Meanwhile, only 3% of all silver ever mined is still in existance, and paper silver is sold at a ratio of 100:1 vs physical. All the silver produced in the US is not enough to cover demand for silver coins and jewlery, let alone indsutrial demand. |
Anonymous Coward User ID: 9603971 United States 02/28/2012 11:22 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1382145 United States 02/28/2012 11:25 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 7060099 United States 02/28/2012 11:27 AM Report Abusive Post Report Copyright Violation | the price that silver is at now is setting up a bubble. it cost approx 11-12$ an ounce to mine so at ~35$ an oz miners are going into overdrive to produce it, while industrial and commercial demand is plunging. at higher prices, consumers and industry will find substitutes. the current demand is entirely driven by speculation and this bubble will pop, sending prices down to mid teens. Quoting: Anonymous Coward 1518787 LIES DENIAL whatever man, if you believe silver is worth more than buy it. if you don't, sell it or stay away. simple as that. all i'm saying is there is no real demand and at these prices production is going into overdrive. dumbass, There is no cheaper alternative, and silver is going extinct. Chew on that. With the miniscule amounts used per item in industry, spread out over millions of items, $1,000 per oz. would not be a deterrent to industry. That said, I wish it would go down to $15 so I can buy cheaper. Oh well. |
Anonymous Coward User ID: 1382145 United States 02/28/2012 11:27 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 7060099 United States 02/28/2012 11:30 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1259082 United States 02/28/2012 11:41 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1382145 United States 02/28/2012 12:02 PM Report Abusive Post Report Copyright Violation | |