|
pahunkboy -> RE: The Madness of a Lost Society (12/1/2010 12:31:24 PM)
|
MANUFACTURERS LOVE SILVERAlthough Silver has been a monetary metal for thousands of years, since the end of WWII silver has developed into a VERY important industrial metal. The cause of this has been decades of LOW SILVER PRICES due to the demonetization of 50 Billion oz of physical silver that were once used as coinage around the world. Thousands of new electronic devices were made possible by the extraordinary conductive properties of silver and the world has greatly benefited from these inventions. Silver is so important to our future technologies that it is the metal most cited in all new US patent applications.As such, the list of industrial uses for silver is getting VERY LONG including cell phones, flat screen TV's, computers, solar technology, smart bombs, batteries, catalysts, medical applications, water purification, jet engines and the list goes on and on. The kicker is that all these applications use silver in very small amounts which means a large increase in price would not necessarily slow down Silver demand and consumption. It also means that any large scale recycling operations (other than photography) is not likely at any price. That silver is GONE and industrial users must continue to source Silver from new metal coming out of the ground.Yes, manufacturers LOVE SILVER!
|
|
|
|
