They are inflating the dollar away!
If money was still worth what it was in 1980 we would be ah so screw d!
Ask some retirees about their retirement with many that are still alive are now eating dog food!
I have known some but they don't anymore!
Well gold from 1970 -1980 went up 2300% and silver was up right close!
The dow has never achieved that ever!
Silver has went up since 2000 over 400% the dow has not went up to over 20,000 yet since that same period!
Take your pick but some blue chip stocks have went bk the most notable ones is Enron and GM!
So pick your dog and which dog runs while the other bloated one lags behind:)
They are going down and also they have killed over 20,000 civilians from their shelling of their towns for over 4 months!
There are many buried and still unaccounted for!
This is why the French and some Germans are helping the freedom fighters against the terrorists in Kiev!
It was known the next day after the plane was shot down that it was Kiev that did it!
Why else would they lie about having 2 planes flying with the airliner?
Oh well the evil that is this Ukraine government set up by us will be thrown down!
Just as the Syrian terrorists(isis)has been being taken care of after we gave them weapons to kill Assad but instead are taking over everywhere in the M.E.!Everything we touch turns to ch it!
Also up almost 1 trillion since sept of last year!
Is the fed getting scared that no one will buy their worthless notes?
Oh oops its a little to late as there is nobody at present buying them but the fed!
Keep on believing there sport!
When 50 is breached you will be spewing that 40$ is going to be the upcoming low and then when 70 comes it will be 50 and when 100 comes you will be saying 70 is just around the corner as this is going to be the new pattern soon:)Watch and learn sport!
Our dollar is doomed!Got it?
150 billion ounces?
5k times 30 million is a lot of silver!
More than has ever been mined EVER!
No I brought up the costs of inviro impact studies here!
A lot higher than where you are from!
Also the permitting is over the top with new ones born every year!
You were way off but maybe you have not done them for a while!
Anything over 5 acres needs an engineered water shed plan!
WHY?At 10k a pop for basically something I could do!
Bigger mines more studies higher costs in the millions as 1 cost 11 million alone and that don't even count all of them!
Then you have silver at 19.50's and people wonder why there is going to be an impending shortage coming!
Oh well I guess you have not done any for a while so I will give you a pass on this one!
As for going way off topic I am just putting the costs out there all of them not just the ones you know about!
There isn't 10 billion worth laying around!
That would be about 500 million ounces and if that order would have to be filled at one time there would be such a shortage it would take years if ever to make that amount up and the price would go well over 100 and stay above that for ever!
So on a 1-4 billion dollar project you know the type needed to catch up on production what would be the start up costs?
You know the leased land the permitting the drill costs fuel costs that's a big one!
For me fuel is 6$ a gallon delivered on site!
Also for equipment delivery as I know one miner paid 250k for a 365 excavator and 1 d9 cat!
Then you also have the cost of equipment!
I think around 2 million for those 2 pieces new or very close to that!
No wash plant no leach pit no mill no labor no buildings so you may know some stuff but you don't know even half of the costs and permits here are much more expensive because you have to send them out to places via helicopter and that isn't cheap!
So now that we got the basics out of the way at current prices why would you even bother to do it when all you are going to get is losses for years and years!Also the equipment I listed isn't even a 1/4 of what he needed!For a 1-4 billion project like the one I just stated after all said and done would cost 1-4 billion cause in the end you would make 0!
Based on mine!
I bet you don't even have a clue to the permitting phase?
How many you need?
What it costs?
All b4 you even know if there is something there!
Then you have drilling costs and then if viable you have the start up costs!
Which takes years and yes I mean years!
So you have years b4 these new mines that are needed to just sustain production at current levels can open!
That is why silver will go to 50 within 2 years time!
I bet it will way overshoot again and we see 60 or more!
Watch and see:)
Just wait till they cant come up with enough production because of the low prices!
No new net investment for almost 2 years and total production including scrap is lagging demand by hundreds of millions of ounces per year!
Soon the shelves will be empty and the idiots will be scratching their heads wondering why!
They know not what they are doing!
Hard to say but Biden's son just lost his job today:)
We are on the verge of losing our reserve status also!
I guess money cant buy everything!
Yes gold and silver along with the rest are priced in all others currencies!
Oil was the only constant!
Now we have lost that also!
I guess this coup by the CIA was well worth it eh?
I guess Biden's son is looking for another job about now:)
Crooked government and all this blood on their hands has caused the rest of America to suffer because of it!
I guess the CIA can chalk this up to another disastrous mission!
They need people to buy this as if they all sold this pile of paper and bought the real thing there would be no silver left!They have robbed all the silver from every where they could have and now they are about out of options!
This low price has killed any chance of supply meeting demand as the inventory will run dry sometime next year!
My research shows well over 50$ in less than 2 years!
It has no choice!
They pushed the limits to far and it will take some serious money flow to straighten it out:)
150% in 2 years minimum!
I am not sure who or what will take our place but my bet is it will be all currencies together will make up the new reserve!Some of every one!
We produce nothing but debt but yet we think we should be the worlds money controllers?
The next 2-5 years is going to be interesting!
Looks like the end is near!
Saudi is the last country left and when they say no more its over!
We are losing our manufacturing base every day!
We are losing jobs everyday!
Which in turn is raising our debt load everyday and our trade deficit is out of control!
Ross Perot told of this happening!
They laughed and we got hosed!
Nope silver will more than do 200% in 7 years!
It has no choice!
The market will fall after the mid terms are over and it is as predictable as the nose on my face:)I have had stocks more than triple over that 15 year time span also!1 over 1000%!50k shares at under .35 went all the way to 3.70:)Luck but I guess we all have them at some point!
I bet you were saying the same thing at the 280 mark back in 2000!
I heard the dollar can buy double what it could in 2007?
Get a clue you pile of dog manure!