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 Replies: 20 / Views: 2,755 |
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Pillar of the Community
United States
787 Posts |
Hello Everyone,
I have a few questions I would like your input on.
First, I believe that a weaker than expected economy will drive the demand for industrial silver use down. I think that industrial demand commands around half of the overall demand for silver at this time. Do you think this will hurt the price of silver in the next upcoming few months?
Second, I am wondering if you think the value of silver is undervalued versus it's relationship to gold at this time. If so, do you think the market will correct this and thus the value of silver increase?
Finally, I am trying to find web sources for news and commentaries on commodities - especially silver. I would appreciate any you think are of merit and use.
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Pillar of the Community
United States
1150 Posts |
It will go down, short term, because of the factors you stated. However, silver will rebound once people catch on that fiat currencies are crashing, since it is primarily a monetary metal (even if it is used in production). Silver is being manipulated to the downside, also.
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Rest in Peace
United States
9104 Posts |
First, silver is a mining by-product. Need less copper, and you mine less silver, raising silver prices.
Second, there is no "relationship".
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Rest in Peace
United States
9104 Posts |
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Valued Member
United States
302 Posts |
Silver is an industrial and a monetary metal. Gold is a monetary metal. As a result the relationship between them has very wide swings.
A few months ago silver was 60:1 versus gold. At the time of the Hunt brothers, the ratio was 16:1. In 1964 the ratio was 27:1. Currently it is 44:1. Your guess is as good as mine where it will go from here.
In my book, anything over 50:1 is a buy silver, sell gold scenario. And anything under 30:1 is sell silver, buy gold. In between, just buy either of them on dips and, if you sell, sell only into strength.
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Pillar of the Community
United States
2120 Posts |
Quote:
I think that industrial demand commands around half of the overall demand for silver at this time I could be wrong. but I think its a lot less than half. |
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New Member
32 Posts |
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Silver is an industrial and a monetary metal. Gold is a monetary metal. Uh since nobody uses the old film that used to contain silver anymore there is hardly any use for silver in industry. A lot of the old people might not realize that everything is digital now. Silver is now only a monetary metal and considering you can get a $5 Canadian maple leaf it shouldn't even be close the $40 that it dropped to today. Gold on the other hand is widely industrial and despite its price it is not a high monetary metal like so many hope to make people think so that its price keeps rising. When was the last time that any country printed a $1000 gold coin in order to make its monetary value anywhere near its commodity market value. Gold is the best electrical conductor in the world and any high quality electronic costs the price it does case of the price of gold that is used in it. |
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Pillar of the Community
Canada
3692 Posts |
Cheaper for the holidays and back in gear for the new year. C'mon, you guys should know this. :D
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Valued Member
United States
362 Posts |
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Uh since nobody uses the old film that used to contain silver anymore there is hardly any use for silver in industry. Hardly any use for silver? Sorry but this is incorrect... Cathodes and Anodes, soldering, mirrors, and in solar cells I believe they are also used. Do a google search. Silver might not have as many uses, but there are still many uses of silver. Not to mention silver is a better conductor than gold or copper |
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Pillar of the Community
United States
4008 Posts |
To address the misinformation in this thread, consider looking at this: http://www.silverinstitute.org/supply_demand.phpThe Silver Institute is an excellent resource for anyone interested in silver, its applications, as well as production amounts. As to the idea that no silver is used in photography... PHHHFFTTTT! Yes, digital photography is big and getting bigger but there are still uses for silver in photography even so. X-ray film, high resolution photography (mapping, military, etc), and instant cameras, just to name a few. Solar energy applications use quite a bit of silver and do not seem to be going away any time soon. |
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Pillar of the Community
 United States
787 Posts |
I did as Ed B suggested and went to the web page. I already knew silver was used in electronics, photography, and solar energy. More listed are as follows:
Coinage / Jewelry / Silverware /Batteries / Bearings / Brazing and Soldering / Catalysts / Electronics
Medical Applications / Mirrors & Coatings / Water Purification
On a side note, I have heard silver has natural antibiotic properties. It is evidently a good
metal for currency and somehow is believed to help kill certain germs and the like.
Anyway, I have learned things here. Look forward to more comments.
Kenscott
Edited by kenscott
09/12/2011 9:18 pm
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Rest in Peace
United States
9104 Posts |
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When was the last time that any country printed a $1000 gold coin in order to make its monetary value anywhere near its commodity market value. Not a real good point, because they don't print $1000 fiats, either. I can remember when the corn cob festival had a grand prize of a $1000 for their drawing. Yep, a $1000 bill, strapped on the arm of the show manager. |
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Rest in Peace
United States
9104 Posts |
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On a side note, I have heard silver has natural antibiotic properties. It is evidently a good metal for currency and somehow is believed to help kill certain germs and the like. Nickel, too. If you prefer your silver in drinkable form, buy a bottle of colloidal silver. A silver coin/spoon in a pitcher of milk kept it from spoiling at room temperature. |
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Pillar of the Community
United States
1150 Posts |
Back in the good ol' days, folks would throw a silver dollar in the milk bottle to kill bacteria.
There are a lot of uses for silver. Silver was a monetary metal first, therefore it remains a monetary metal regardless of its many industrial uses.
Gold is also used in industry, however it is not as versatile as silver. That does not make gold an industrial commodity. Gold is a monetary metal first and foremost.
With all of the Euro problems, right now would be a prime buying opportunity if you are using dollars to buy with.
That is all.
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Pillar of the Community
United States
1026 Posts |
Well not sure why no one ever says that silver also has been used as money for hundreds of years and traded for payment between countries also as numerous shipwrecks show us.
The silver dollar use to be in every pocket around the works also.
Anyway I think silver just like gold will always be valued as a stable payment option myself.
It will be easier to sell a $50.00 silver bar or dollar then a $2000.00 gold one.
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Pillar of the Community
United States
931 Posts |
Silver is used in auto glass, solar panels, and electronics to name a few Joey. Not to mention guided missiles which I'm sure we are replacing at a high rate currently. We blew hundreds of them into Libya alone, not to mention Pakistan and the border lands between Afghanistan and Pakistan. Have you seen the huge solar farms going up all over the world? Guess not.
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Replies: 20 / Views: 2,755 |
Posted 09/12/2011 04:25 am
