Various mostly technical facts and data about gold and silver.  So many  videos on precious metals are mostly emotion, as an engineer with 35  years experience in primarily electronics but much research in metals I  felt I could contribute important information the investing world needs  to know but does not! When ten friends selected at random all told me  they assumed there was about 50 times MORE silver in the world than gold  based on the price differential!  When the answer is there is 5 to 10  times MORE gold than silver!  Very few apparentlyknow this!  This and  much more needs to be known by all investors!
CORRECTION: There is about 5 to 10 times more gold for investors to buy  than silver. This includes bullion coins and bars. There is more above  ground silver. The majority of it is not in bullion form (i.e. sterling  candlestick holders etc. )  I know many reclaim silver used in jewelry but silver used in industry  is another matter. I'd be interested to look at companies who do  industry silver if any have Web sites.Photography used to be a major  source of silver but with digital photography that market is almost  gone.I've seen estimates of reclaiming silver from trash dumps using  today's technology and they've been $10K to $20K an ounce. Pretty much a  hand operation. For now I'll go with the many who say we're running  out. There is a silver reclamation industry, they are refineries and even  private individuals, I have a friend who refines himself in mass, when  he has enough he has it further refined. People who develop film will  save the silver halide crystals and have them refined. The problem is it  is not yet cost effective to go through all the trouble of land fill  diving.SILVER FOUND ALONG SIDE MANY METALS, FEW SILVER MINES ARE STARTED AS  SILVER MINES. COPPER MOST COMMON. SILVER AND OTHER VALUABLE METALS FOUND  IS JUST EXTRA PROFIT! REALLY "GOOSES" STOCK PRICE OF, SAY, LEAD MINE  WHEN COMPANY ISSUES PRESS RELEASE SAYING "SILVER HAS BEEN FOUND". MAY  ONLY BE 1000 OUNCES BEFORE VEIN RUNS OUT BUT SUCH VAGUE PRs HAVE CAUSED  STOCKS OF BORING ZINC ETC MINES TO ROCKET UP 1000% IN MINUTES, ONLY TO  CRASH WHEN VEIN RUNS OUT. OWNERS SELL STOCK QUICK!
OFF GRID SURVIVAL BLOG
Sunday, January 9, 2011
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