Loading ...Maddog – I wonder what “very fast” means? That’s a 10 x move from here. 2 years? 5 years? There will be people coming out of the woodwork with scrap silver to sell as the price goes up. I’d think there’s some of that already, except that the refiners aren’t accepting anything that’s not pure right now, so that leaves out Granny’s sterling silverware. Wouldn’t that eventually help with some of the supply problems though? I agree recycling silver from solar is a longer-term deal, panels last what 25 years? I’d expect there will be all sort of jewelry recycling if we see prices skyrocket.
Anyhoo, short term, like tomorrow, silver may start to turn higher again. Just basing that on the stealth rally of some of the miners today.
Gold is impressive holding $4300. The only thing not impressive is the HUI/GDX.
Mr. Copper – at the end of the day, I’d love to be able to swap some of my silver for some real estate.