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17/12/09
18:46
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A final point, given you've probably had enough of me for now...
The US Geological Society predicts silver will be the first metal to be extinct. Perhaps only in 15 years or so.
Though I think that's pushing imagination, the US Geological society is a reputable organisation and you can verify this for yourself.
I think probably much longer, and it depends on the profitability of mining. Even granny will sell her flatware at $200 per ounce.
I doubt it will run out in our lifetime, but nonetheless there may be critical squeezing as China and India industrialise to catch up.
Don't underestimate their power. China has a few trillion bucks at hand to push themselves forward.
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