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How much Silver do you think will be available 30-50 years from now?
11/1/2011 5:41:27 PM
I was just wondering how much Silver would be available 30, 40, 50 years from now. How much do you think it would cost per ounce?
Thanks,
Joe
Thanks,
Joe
11/1/2011 9:25:49 PM
All I have to say is I can't see it being any cheaper than it is now.. But who knows.
11/1/2011 9:31:11 PM
Aren't there tons and tons of silver waiting to be dug up and processed?
11/2/2011 4:41:49 AM
Originally Posted By E__WOK:
Aren't there tons and tons of silver waiting to be dug up and processed?
Aren't there tons and tons of silver waiting to be dug up and processed?
Thats what I was thinking.. I know there isn't too much gold, but I didn't know how much silver is available.
11/2/2011 12:05:20 PM
From what I understand, almost all the Gold that has ever been mined in history still exist. (Ancient Artifacts & Art, Coins, Jewelry, ect.)
Most Silver is actually consumed (electronics, automobiles, wiring, medical uses, ect.) The silver content in these and other products is so small per unit, that it is not economically feasible to reclaim it. Then, again that might not be the case when silver breaks a couple hundred $ per ounce. Also, the easy to get to silver is gone, got to dig deeper to get it.
Most Silver is actually consumed (electronics, automobiles, wiring, medical uses, ect.) The silver content in these and other products is so small per unit, that it is not economically feasible to reclaim it. Then, again that might not be the case when silver breaks a couple hundred $ per ounce. Also, the easy to get to silver is gone, got to dig deeper to get it.
11/4/2011 1:15:45 AM
speculative metals make me incredibly nervous. Whenever everyone is hocking gold and silver i want to run away screaming. That said it is better than collecting beanie babies....
stocks pay dividends and mutual funds diversify your risk while maintaining growth. I may be crazy but there's a huge commodities bubble out there that's just waiting to implode...
stocks pay dividends and mutual funds diversify your risk while maintaining growth. I may be crazy but there's a huge commodities bubble out there that's just waiting to implode...
11/5/2011 6:44:21 PM
Q... " How much silver will be available in 30 yrs ?"
Answer: " All of it "
Answer: " All of it "
11/6/2011 9:55:45 AM
500 ounces less with every cruise missile.
11/7/2011 2:31:32 PM
Geogically there is 17x more silver than gold in the earths crust, scientists are very confident in this fact. Its also the reason the silver to gold ratio historically over the last several thousand years was around 15-20 oz silver to gold. The current ratio is around 50:1 which is why many people thinks silver is under valued. So far is 2011 60 mil oz of gold and 600 mil oz of silver have been mined but almost all gold is stored in vaults while silver is used in the industry and rarely recycled. Silver is the second most useful commodity behind oil.
As for availability and price in several decades....its really hard to say. First off what will the dollar do by then, silver could be 1 million dollars and ounce but if a loaf of bread is 50,000 dollars it wont mean much. Also, when it gets more expensive people will start recycling it like they do with gold. The price of silver is also very closely tied to oil as it takes a great deal of equipment and fuel to extract the silver from the earth, so if the price of oil doubles so will the price of silver.
I personally wouldnt try and predict that far there are just to many variables. But i can tell you for sure silver, gold and and all precious metals are not going to get cheaper, they call them precious because they are limited in quantity and have very valuable uses. There WILL be price swings in the future, daily, monthly, etc.. but in the long run the price will go up.
As for availability and price in several decades....its really hard to say. First off what will the dollar do by then, silver could be 1 million dollars and ounce but if a loaf of bread is 50,000 dollars it wont mean much. Also, when it gets more expensive people will start recycling it like they do with gold. The price of silver is also very closely tied to oil as it takes a great deal of equipment and fuel to extract the silver from the earth, so if the price of oil doubles so will the price of silver.
I personally wouldnt try and predict that far there are just to many variables. But i can tell you for sure silver, gold and and all precious metals are not going to get cheaper, they call them precious because they are limited in quantity and have very valuable uses. There WILL be price swings in the future, daily, monthly, etc.. but in the long run the price will go up.
11/12/2011 8:27:18 PM
Lets not forget that it has uses other than jewelry and electronics. Like medicine, xray film, and hvac.
