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Gold/Mining/Energy : Precious and Base Metal Investing
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To: russwinter who started this subject5/1/2003 7:47:25 PM
From: russwinter  Read Replies (1) of 39344
 
A little note that silver holders/investors might want to be aware of:

Kaplan: Three leading USA senators have introduced legislation to authorize research into alternative wood preservation treatments for wood using silver-based biocides, rather than the arsenic-based wood treatments currently being used. The EPA currently has a plan to phase out the use of arsenic in all wood by December 2003. If silver-based biocides were used as an alternative (and this is a very very big IF), potentially over 100 million ounces of silver a year would be consumed (and probably unrecoverable forever), in this application. Now, with annual production of silver in the 850 Million ounce a year range, this could have major impact on this market, as over 10% of the total production would now go into a new usage where its recovery as scrap is impossible. The fundamentals of this market would change dramatically. But, don't get excited yet. It is still a long way from becoming reality.

craig.senate.gov
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