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If You Thought Gold Has Made A Big Move... (Silver)
The Business Insider ^
| 5-12-2010
| Joe Weisenthal
Posted on 05/12/2010 10:46:10 AM PDT by blam
click here to read article
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To: ExSoldier
Having reviewed the responses in this thread let me state for the record that all my silver will be disposed of by tomorrow and my safe deposit box will hold nothing but documents, ever. Really.
41
posted on
05/13/2010 7:53:52 AM PDT
by
ExSoldier
(Democracy is 2 wolves and a lamb voting on dinner. Liberty is a well armed lamb contesting the vote.)
To: blam
Rumor has it that there is actually quite a bit more physical gold above ground now than silver. Something like 6 billion ozs of gold, but only about 4 billion of silver, and the reason being silver is used in alot of industrial applications, but it is used in such small quantities that it hasn’t been worth it to try to recycle/recover it.
So if you were to go by a quantity/price type ratio, silver should be about 1.5 times the prices of gold, around $1900 an oz...
42
posted on
05/13/2010 7:58:13 AM PDT
by
djf
To: ExSoldier
43
posted on
05/13/2010 8:03:06 AM PDT
by
Travis McGee
(---www.EnemiesForeignAndDomestic.com---)
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