Corner Bay Silver (BAY.T) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Corner Bay Silver (BAY.T)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GraceZ who wrote (1647)	12/6/2000 2:53:23 PM
From: Claude Cormier	Read Replies (1) of 4409

<any rise in the price of silver will accelerate the conversion to digital. A rise in the cost of film and paper will impact the poorest counties before the richest. So a rise in the price of silver contains the seeds of its own demise.> I don't think that this true. The cost of silver in the fabrication of films is negligeable. Eastman Kodak uses 65 millions ounces of silver per year I guess.. that is a cost of $300 millions plus... I gues you know how many billions dollars of film Eastman Kodak is selling? I think this debate is sterile. We all know that digital will take some silver out of the current consumption in developed countries. Maybe as much as 50% in the next 10 years. So what ? Growth of photographic uses in undeveloped countries as well as industrial uses worldwide will easily fill that gap. Keep in mind that the current supply-demand deficit is close to 150 millions ounces.... this id 60% of the photographic use. In other words, even if by some miracle, silver usages in photography is cut by half next year, there would still be a deficit.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next