thunder.
Love your analytical ways.
General
Excerpts from a variety of googles gathered in 20 minutes:
Silver is a much rarer metal than people actually realize. As a human race, we're consuming
more silver today than we ever have. Above ground supplies are dropping substantially.
Some-days we trade a billion ozs per day yet the world mines less than that per year.
As a result of the recent high prices to mine silver and low prices on market, many mines
have closed and very few have started up. Some mines it costs more to mine the silver
than what they sell for.
Because of silvers unique properties, every day, more patents using silver are applied
for than all the other metals combined.
Just in the area of medicine and electrical applications alone, we are not going to be
able to produce enough silver to keep up with demand in the future unless more silver
mines are opened.
It will be a very interesting field in the next year or so when the metal does get so tight that the big
producers of electronics and other products just simply can't get their metal. Then, they're going to
panic, then they're just going to pay whatever they can pay just to get it.
It's always hard to pick good companies in any sector. It all comes down to risk tolerance.
I personally gauge this is the time to be buying these metals, but a good mining stock will go up
2-3 times faster than the metal itself.
Being a stacker, just to make sure, I have both.
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