I like silver

[Unbeatable]

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.

 

[pmbug]

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/srsrocco-coming-paradigm-shift-silver-495/

 

[ancona]

I like silver as well.......especially when it's in my pocket!

 

[dontdeBasemebro]

I like silver as well.......especially when it's in my pocket!

That's the very best kind!

 

[ADK]

I keep all of my silver in my boat.



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

ADK

 

[Jay]

I keep all of my silver in my boat.



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

ADK

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.

 

[Mark]

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.

 

[Mark]

Actually, I only collect ASEs and the odd Libertad. If I purchase bars, only numbered JM and Engelhard.

 

[Albertmorison]

I like both silver and gold.

 

[ancona]

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.

+1:judge: