Here's what the big holders of silver could have done... trade a chunk for a direct flight via lear jet to Hawaii... buy a condo and live out their life running a japanese restaurant... your logic is so limited... no thinking outside of the box... thus you look and sound STUPID.
No Alohahahahah for you!
- Cell phones used 404.35 tonnes [13 million ounces] of silver last year.
- Computers consumed 684.29 tonnes [22 million ounces].
- Thick film PV consumed 1,461.90 tonnes [47 million ounces] in 2010.
- Automobiles which used 1,119.75 tonnes [36 million ounces] of silver.
- Electrical and electronics demand for silver reached an all-time high of 7,555.21 tonnes [242.9 million ounces].
- Solar Power in 2011 is expected to reach 2,177.29 tonnes [70 million ounces], up 40%.
- RFID tags in 2010 reached between 31 and 62 tonnes with a long way to go before reaching full market.
- Water purification used 62 tonnes [2 million ounces] set to grow to 74.65 tonnes [2.4 million ounces].
- Medical applications may grow strongly to reach 93.3 tonnes [3 million ounces] by 2015.
- The use of nano-silver in goods packaging and hygiene combined would consume 124.4 tonnes [4 million ounces] of silver over the next five years.
The silver and gold hoarded by Japan's Tsunami victims provided them something very useful. Namely, a lesson in what NOT to put your confidence in.
They get a 100% loss, as their hoarded PMs (and their homes) are now washed away, and buried under tons of muck, who knows where.
Further, if they DID have any n their person, it has proved useless as a medium of exchange in this crisis.
Had they kept those assets in liquid account form they would still have the money.
There is no coorelation in your post to the man made disaster of HYPERINFLATION where you will need to have silver to barter for the necessities of life. Your comparison is totally off base.
btw : silver will reach $50.00 this year
This just hit the wires;
By ERIC TALMADGE and MARI YAMAGUCHI, Associated Press Eric Talmadge And Mari Yamaguchi, Associated Press – 15 mins ago
FUKUSHIMA, Japan – Nuclear plant operators trying to avoid complete reactor meltdowns said Thursday that they were close to completing a new power line that might end Japan's crisis, but several ominous signs have also emerged: a surge in radiation levels, unexplained white smoke and spent fuel rods that U.S. officials said could be on the verge of spewing radioactive material.
oh silver did nothing eh? silver are in high quality bandages,
silver are in most hospital equipment, silver can clean bacteria contaminated water.
But anyway right now they need LEAD not just silver to block that radiation from their homes. Lead usually goes hand in hand with silver mining so therefore it should be bullish for all radiation prevention materials.
But what ever the public is irrational therefore anything goes especially when money is debt and people play with monopoly money.