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Gold prices dropping

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  1. #1
    wannabemechanic's Avatar
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    From what I've been able to discern, gold is a VERY manipulated commodity, as is silver. Gold generally being over-inflated and silver prices being repressed artificially, but silver seems to be the steadiest in the last century through the inflation of our fiat currency...


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  3. #2
    NobleMetalWorks's Avatar
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    As an investment, silver is my favorite metal by far...

    Last year over 40% of all the silver used in manufacturing came from recycled sources. In our medical field, silver is truly the only thing we can rely on to kill super bacteria, as bacterial infections like MRSA become more resistant to antibiotics, silver will become one of the only ways to kill it off. Silver is used in industry at a 1:1 ration with gold, yet there is less silver in the world than gold, silver mining production is also less than gold production, check the figures you will be surprised. Silver conducts electricity better than any other metal known to man, and even in graphene applications for the conductivity of electricity in electronics, silver is made with the graphene. There are very few silver mines, for the most part it is recovered in mining operations for gold, platinum, lead and copper. As silver is used in more and more applications where it cannot be recovered, like clothing, cement, medical treatments, it is going to become more rare, and thus more expensive.

    By the way, if anyone has silver bearing scrap they are interested in selling, please let me know. =)

    Scott
    Last edited by NobleMetalWorks; 12-21-2012 at 04:54 AM.
    At the heart of science is an essential balance between two seemingly contradictory attitudes--an openness to new ideas, no matter how bizarre or counterintuitive they may be, and the most ruthless skeptical scrutiny of all ideas, old and new. This is how deep truths are winnowed from deep nonsense. -- Carl Sagan

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