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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (41925)	11/29/2005 1:39:52 PM
From: Knighty Tin	Read Replies (3) \| Respond to of 116555

Let's see: 1. We use more than we produce, by a huge margin, about 40 million ounces a year. 2. We make up the difference out of inventories. 3. At 40 million ounces per year, the inventories will totally disappear in 7 years. 4. The 40 million ounces will be low once the biotech uses of silver become commercialized. 5. Silver can be melted down if the price gets high enough, which is $37.23 an ounce. 6. Silver is located in really unstable places. 7. Producers will probably never allow their inventories to go to zero. Put all these factors into the Commodore PC with 1 bit of RAM and a 2 bit CPU, I get $35 an ounce by December 4, 2007.