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You should take what Wikipaedia says with a grain of salt. At present prices silver is one of the scarcest metals around. Take a look at this: Material Scarcity and its effect on Energy Solutions [pdf!]. In any event it is the above ground stock that matters.

Vencit omnia veritas.
by Luis de Sousa (luis[dot]a[dot]de[dot]sousa[at]gmail[dot]com) on Mon Nov 21st, 2011 at 05:14:57 PM EST
[ Parent ]
Silver has industrial applications. Gold just piles up.

But this industrial utility is a relatively new thing, compared to the gold standard.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Nov 21st, 2011 at 05:17:35 PM EST
[ Parent ]
Something like half of all gold mined in most years goes into jewelry in India and China. At a sufficient price it will turn back into bullion.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Nov 21st, 2011 at 05:33:59 PM EST
[ Parent ]
Of course. That's why I took the lesser quantity for silver and the greater for gold. Those are crustal abundance, so they should be of the order of mining availability. I've looked at your reference, however I think it is a projection that take present price and use, as primary source of silver get exhausted, the price will rise, so the demands will reduce and/or silver sources that are not now considered profitable will. Then there's recycling.

res humą m'és alič
by Antoni Jaume on Mon Nov 21st, 2011 at 05:34:37 PM EST
[ Parent ]

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