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Old 11-25-2012, 10:22 AM   #1
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I like silver

I used to see it as industrial and not really monetary and I believed my idea was validated by the fact that after the credit crisis silver dropped 30% on decreased industrial demand in 2008.

But I now realize that it's only because silver coin & investment demand took a while to catch up. It went from 95 million ounces in 2006, 57 million ounces in 2007 up to 284 million ounces in 2010/11. That's a 300-500% increase!

http://www.silverinstitute.org/site/supply-demand/

Given silvers relatively cheap price, the Wests relatively high purchasing power and the already demonstrated increase in investment demand (75-280 million) during fiat uncertain times. It's easy to see that another economic hurdle - not even a disaster or a public rush to hard assets will take demand over the annual mine production of silver & the G8 countries don't have any stockpiles to feed/lease to keep prices down when physical demand increases.



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Old 11-25-2012, 10:59 AM   #2
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Yeah, you really should read SRSrocco's missives if you want to get a big picture on the supply/demand dynamics for silver and what the future likely holds:

http://www.pmbug.com/forum/f3/srsroc...ft-silver-495/
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Old 11-25-2012, 11:30 AM   #3
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I like silver as well.......especially when it's in my pocket!
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Old 11-25-2012, 05:55 PM   #4
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Originally Posted by ancona View Post:
I like silver as well.......especially when it's in my pocket!
That's the very best kind!
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Old 11-30-2012, 07:58 PM   #5
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I keep all of my silver in my boat.



Is that getting old yet? Hmmmm... Nope.

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I like the idea of trading silver with the gentlemen while keeping gold like a king and always appearing as a peasant...
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Old 12-01-2012, 03:53 AM   #6
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Originally Posted by ADK View Post:
I keep all of my silver in my boat.



Is that getting old yet? Hmmmm... Nope.

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word to the wise... if you decide to store your pms on a boat, make sure the vessel can handle the added weight. My grandfather neglected to do this, and lost my inheritance. I think he said the boats name was the Titanic.
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Old 12-11-2012, 07:01 AM   #7
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Originally Posted by Jay View Post:
I think he said the boats name was the Titanic.
Yeah; my great, great, great Grandfather was bringing some silver over on a boat named Cazadore. Story goes, no one ever heard from "Gramps" after that.
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Old 12-11-2012, 07:03 AM   #8
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Actually, I only collect ASEs and the odd Libertad. If I purchase bars, only numbered JM and Engelhard.
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Old 12-14-2012, 06:40 AM   #9
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I like both silver and gold.
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Old 12-14-2012, 06:48 AM   #10
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Originally Posted by Albertmorison View Post:
I like both silver and gold.
I have to say that this is the most outstanding first post I have seen in a while. Straightforward, intelligent and simple.

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