15 votes

Silver: First metal To Go Extinct?

http://news.goldseek.com/TedButler/1050428139.php

... The world mined and hoarded silver for 5000 years. Then, in 50 years, we consumed over 90% of what was accumulated in all of recorded history. This has never happened in any other commodity. Just imagine if it was gold, not silver, that was found necessary in thousands of vital modern industrial applications, and that most of the gold mined throughout history was consumed. Imagine that gold, instead of silver, was the best conductor of electricity and heat and reflector of light. What would the price be, $50,000 an ounce? There are such unique and unusual circumstances in silver that it is not possible for anyone to make a comparison with any other commodity...

...Many years ago on a family camping trip to Everglades National Park, on a tour through the marshes and mangroves, the ranger in charge told us the story of the egret, a beautiful wading bird with distinctive white feathers. Only a hundred years or so ago, this area was home to millions of these beautiful birds. A European fashion craze used the large white feathers from this bird in women's hats. It was thought to make a striking fashion statement. It quickly followed that hunting brought its numbers to near extinction.

Whether you want to use this example, or beaver pelts used to make men’s hats or whale oil to light lamps, there have been many examples throughout the history of commodities that were consumed to the point of extinction. These examples are of the renewable kind, where proper management and husbandry could have prevented exhaustion. In the non-renewable, or mineral realm, all supplies are finite and once they are gone, they are gone forever. In this regard, silver, like any other mineral that exists in the earth's crust is finite and non-renewable. But let me be clear. I am not suggesting we are running out of these minerals anytime soon...

read more: http://news.goldseek.com/TedButler/1050428139.php


http://youtu.be/qLx5rFjx7uc




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Cyril's picture

Luckily for investors who are awake, silver is still unwanted

Luckily for investors who are awake, silver is still (largely) unwanted (or rather, forgotten) by the vast, vast majority of the peoples. Note the plural. Besides its industrial applications or jewelry or silverware, that is.

Some data points to keep in sight, from the Silver Institute (up to 2012) :

Silver Supply / Demand

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

Silver Demand Recap

https://www.silverinstitute.org/site/wp-content/uploads/2013...

And in more recent news :

Silver Bullion Coin Sales New Record High (2013)

https://www.silverinstitute.org/site/2014/02/18/silver-bulli...

Silver Jewelry Sales (2013)

https://www.silverinstitute.org/site/2014/03/18/survey-shows...

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

I just like how it sounds...

Tunggggg........

I saw the best minds of my generation, destroyed by pandas starving hysterical naked

-Allen Ginsberg

Cyril's picture

Food for thought: what does the start of a movement look like?

Food for thought: what does the start of a movement look like

http://www.dailypaul.com/279013

?

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

There Is No Silver Shortage

Official Daily Paul BTC address: 16oZXSGAcDrSbZeBnSu84w5UWwbLtZsBms
My ฿itcoin: 17khsA7MvBJAGAPkhrFJdQZPYKgxAeXkBY
http://www.dailypaul.com/303151/bitcoin-has-gone-on-an-insan...

Funny, the 1% lived off shorting silver for the last 50 years

Now silver is going to switch places with gold whether anyone likes it or not.

Gold standard: because man can not be trusted to control his greed

Keep

Stackin'!

I saw the best minds of my generation, destroyed by pandas starving hysterical naked

-Allen Ginsberg

That's funny...gold IS a better conductor of electricity.

I thought everyone knew that. They just don't use gold because people desire it other things. Sometimes they put gold into electronics but sparingly!

Unlike silver, gold never taints.

Incorrect

Silver is a better conductor of electrical current than gold.

The Abuse of Greatness is when it disjoins remorse from power. - Shakespeare

Hmmm, I was just looking it

Hmmm, I was just looking it up and you're right! Shoot! All this time, I had it wrong. I remember reading a long time ago that gold conducted better but I don't see that when I look it up. In fact copper is better than gold too!

Gold shields from cosmic rays...

certain devices in space will only work if plated in gold...

I saw the best minds of my generation, destroyed by pandas starving hysterical naked

-Allen Ginsberg

Silver...

rules...

I saw the best minds of my generation, destroyed by pandas starving hysterical naked

-Allen Ginsberg

Gold is superior to silver for certain medical applications

Silver is not a noble metal.

Gold is limited in medicine not because of its lack of usefulness, but by its high cost.