Thanks WCG!
Peak Silver was perhaps the best silver summation I've ever read...especially the chart following:
"…to the point they are nearly surpassing those of gold, by dollars spent…
…think LONG and HARD about where silver’s absolute price will go; let alone, the gold/silver ratio (given its centuries-old average is 16:1)…
" (copied from Ranting Andy - Miles Franklin, Peak Silver)
This is the technical reason to buy silver.
The fundamental reason is the other chart showing the decrease in grades:
"
Moreover, ore grades have plummeted; as the “low hanging fruit” has all been mined…
"" (copied from Ranting Andy - Miles Franklin, Peak Silver)
It is clear that, just as the demand is ratcheting up, the supply is contracting very quickly. If the world population stays at these elevated levels for any length of time, there is no other conclusion...1. All the worlds silver will "soon" be GONE! 2. The current price is FAR too low.
Thanks again for posting this "Peak Silver" document.
gildage