chinton,
I saw silver was over 6 and has now backed off a few cents on the cash market (5.96 x 5.99). NY opens in a few minutes and we shall see what they do with it.
Been a long time coming, last time over six bucks was late 1997 and early 1998.
Really funny too, in that digital photography, which we used to talk about in 98 as being the bugaboo of silver, really started hitting full force this Christmas and now we have silver over 6 dollars!
Digital cameras were widely advertised this Christmas shopping season at prices greatly discounted from last year. I'm on record somewhere in the archives of the internet as saying at that time (98) we would have about five years before the digital revolution took over photography. True to my own prediction, I made the switch over to digital this year (after playing with it for a couple of years). Now I didn't throw the film cameras away, but am currently waiting for prices to come down on the 10 megapixel or higher digital cameras before I retire my main film SLR. Meanwhile, I end up taking far more pictures with the digital. For the more artistic endeavors, when I have the time to pursue that, I often use both film and digital for the same shots. Both as the process of my ongoing digital photography education and because I still trust the film more for archival purposes.
As I have stated here before (and on SD and SDII), because so much of the silver used in film processing is recycled and because of increasing number of uses for silver, I expect the impact of the "digital revolution" on silver prices to be muted. This also proved to be correct and should continue to be so.
Best,
Roebear |
