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Gold/Mining/Energy : Silver prices
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To: TD who wrote (3724)8/30/2001 2:12:27 PM
From: Claude Cormier   of 8010
 
We had big surplus in the 1978-1990 period, on the order of 100-150 millions ounces per year. The above ground inventories build up to much more than 1 billion ounces.

Still silver prices where much much higher than today, not only in real term but also in nominal terms.

It will happen again.
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