Is Silver Really an Industry Metal?

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Category:

News & Politics

Tags:

• silver
• dubai crisis
• us economy crisis
• currency crisis

[Allenvik]

Sorry mate,

I don't know where are you come with your data of 45% of silver in the market is in investment form. One of my sources is "THE SILVER INSTITUTE" and they are talking about 7.79% in coins and investment bullions.

Demand2008

Industrial Applications: 447.2 - 53.71%

Photography: 104.8 - 12.59%

Silverware: 57.3 - 6.88%

Total industrial demand: 73.18%

Jewelry: 158.3 - 19.01%

Coins, Medals, Bullion invest.: 64.9 - 7.79%

Total Fabrication (millions/oz): 832.6 - 100%

[stellaconcepts]

Where is the ETF silver in that breakdown?

Thats my point... the common figures dont include the ETF silver held in Barclays, JPMorgan... You know - the paper silver in these etfs.

[JOConnor100]

Where do think gold is going in this move? My guess is $1400 to $1500.

[stellaconcepts]

a few different ways you can guess.... based on the head and shoulders pattern - it could get to $1300 pretty quickly (i.e. early jan)

[bluecat1122]

stellaconcepts, what's your opinion of the banks adding to their short positions (seen in the COT report)? It seems that they are trying to average down in their losses, but are still losing.

[stellaconcepts]

im still building a theory on this.... i may discuss it - its pure speculation - but it concerns me that they are not covering and continuing to short.

I *think* they are going to dissolve the short position by sending one of the banks holding this positions bankrupt (along with all the other derivatives as well)

I may do a vid... but its pure speculation on my behalf.

[mallamoozoo]

Hey all - check out davincij's new vid - he's started using PMs as currency - getting others involved - great idea - lets all start - why wait? We dont have to wait until TSHTF - lets aim to make PM at least a local fad this time in 12 months and in 3 to 5 years mainstream an alternative currency!

LETS GO!

(Also a good excuse on where you spent your "stash" (which "they" know as you must give ID at the Mint when you buy.)

[hypobusa]

I take my silver to bed and stick it under my pillow..

Hoping the tooth fairies might make it grow over night... ;-)

[jessierikscott]

your sexy. I'm a fan now......I'll buy silver it's okay I'll buy anything you sell lol

[Allenvik]

I have been watching your very helpful reports part of my own study of the financial subject, and I invest in commodities myself. However specific about silver I am pessimistic and now shifting towards gold only.

[Allenvik]

Banks do NOT hold silver as investment reserves, they instead hold GOLD! My conclusion is that, as long the economic situation is working, bad or good; silver will have a trade value dictated mostly by industrial needs. However in case of some sudden and massive disruption of the economic partial stability, for example the dollar crash, I see a dramatic downturn in demand for silver by the industry. This could reflect massively in the silver price downwards, against common assumptions.

[Allenvik]

Facts - 73.18% of silver demand is by industrial sector, what basically dictates the price of this metal today! Banks worldwide do not hold silver reserves. Silver is used in coins and investment bullions today only about 7.79%. Silver supply rose 2.5% in 2008 and there are some questions about silver supply capabilities.

[Allenvik]

I think the idea of silver been a secure reserve investment in principal is great, especially with the prices ratio between silver and Gold and historical facts. However, after study the silver case for some time, some facts are overwhelming otherwise, bringing some questions about the validation of silver as a long time investment in a future likely economic crash.

[Seano71]

silver is a great conductor of electricity, it causes bacteria to be severely weakened by conducting energy aka electricity. The body's immune system does the rest of the work killing the bugs.