MINCO gold and silver explorer.... the facts

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eriktherock - Sat, 31 Dec 05 :

Thought this might be of interest here >>>
I believe silver will be demand-driven and that its price will rise accordingly. The Third World is gobbling up new technology like mad: you can go to Venezuela or China and everyone is using cell-phones and satellite technology. That means they’re using silver like mad. Silver has no peer as a low-cost conductor. But once that cell phone is replaced and tossed away, the silver goes away with it. Digital has been erroneously hyped as the death of silver in photography, because people don’t realize that this is a zero-sum game. By that I mean is that the vast majority of silver used in halide film is recycled in the developing process, so it returns right back to the market as “scrap.?I have heard varying figures on the efficiency of this recovery, but I believe it’s on the order of 80 percent or better. So if less silver is used by the film-making industries, then less silver comes back to the market as scrap. Silver’s future in health as a biocide, a water purifier, as a medicine, is simply enormous, and that silver won’t come back into the supply stream either. So I am very bullish on its prospects as an industrial commodity, and we haven’t even touched on silver as money, which could be the salvation of the Dinar and the Renminbi.


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