• Gold Money
    05/03/2016 - 11:35
    Crude oil time-spreads have completely dislocated from inventories. Historically, such dislocations have proved to be short lived. We expect that either spot prices will sell-off again or the back...

Peak Silver Revisited: Impacts Of A Global Depression, Declining Ore Grades & A Falling EROI

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 10/10/2011 - 23:02 | 1759834 High Plains Drifter
High Plains Drifter's picture

buy   buy .. buy ...     silver .......bitchez..................

Mon, 10/10/2011 - 23:13 | 1759879 Troll Magnet
Troll Magnet's picture

you guys keep talking about this..gold? silver? who/what are they?

Mon, 10/10/2011 - 23:19 | 1759894 Schmuck Raker
Schmuck Raker's picture

They're like Jesus.

Very precious, yet inedible.

Mon, 10/10/2011 - 23:25 | 1759916 Prometheus418
Prometheus418's picture

I hear some Christians eat Jesus every Sunday, but he tastes like a crappy cracker.

 

Mon, 10/10/2011 - 23:32 | 1759939 Vic Vinegar
Vic Vinegar's picture

Was your comment witty?  No

Was your comment funny?  No

So no red for you but instead you get a Katy Perry video.  Deal with it.

http://www.youtube.com/watch?v=QGJuMBdaqIw&ob=av2e

Mon, 10/10/2011 - 23:52 | 1759991 LasVegasDave
LasVegasDave's picture

It takes guts to admit you like Katie Perry

http://www.youtube.com/watch?v=TZVJWh02I_M

Its all good!

Tue, 10/11/2011 - 00:29 | 1760056 flacon
flacon's picture

 

200,000 OUNCES, NOT TONS found on ship. (that is 6.66 tons, not 200 TONS, as some here are saying).

http://www.thesilverchronicle.com/Archive%20Folder/October%202011/oct112011d.html

 

USA Mint sold 750,000 ounces of silver in one day at the start of this month. Do you know how heavy two hundred tons is for a WWI ship?! This find of 200,000 ounces is pennies in a fountain. APMEX sold about 100,000 American Silver Eagles last week at the dip. CHUMP CHANGE!

 

"A BRITISH ship sunk in World War I with some 200,000 ounces of silver, worth $US19 million" $19M is not enough to buy a limp biscuit and a french fry at McD's let alone a stale beer from some dive bar in Philly. Pennies in a pond. 

Tue, 10/11/2011 - 00:30 | 1760106 CharlieSDT
Tue, 10/11/2011 - 02:05 | 1760212 Fukushima Sam
Fukushima Sam's picture

That was a great article, though one must wonder how the deaths of billions of people may affect the price of silver...

Tue, 10/11/2011 - 03:14 | 1760283 Johari Ichiban
Johari Ichiban's picture

Demand destruction.

Tue, 10/11/2011 - 07:52 | 1760466 Mitzibitzi
Mitzibitzi's picture

It'll affect the price a lot. Won't affect the value one bit. Reduced population equals reduced demand for goods equals lower prices. So your silver might be worth 1/10th as much, denominated in some arbitary paper currency, but so will the loaf of bread you want to buy with it.

Tue, 10/11/2011 - 02:42 | 1760241 zilverreiger
zilverreiger's picture

Note:

SS Mantola is the 2nd ship found, it only had a fraction of the first ship SS Gairsoppa (200 tonnes)

Tue, 10/11/2011 - 06:58 | 1760365 Colonel
Colonel's picture

Beats mining it.

Tue, 10/11/2011 - 09:16 | 1760634 johnnymustardseed
johnnymustardseed's picture

They actually found two ships, one with 200 tons and one with 200,000 ounces.....

http://thesilverchronicle.com/Archive%20Folder/October%202011/oct112011d.html

Lucky fuckers, most I ever found was one Washington Quarter

Tue, 10/11/2011 - 00:15 | 1760059 runlevel
runlevel's picture

katie perry is so fuckin hot. 

Tue, 10/11/2011 - 00:34 | 1760114 trav7777
trav7777's picture

if you like skanks that bang black guys, sure

Tue, 10/11/2011 - 01:08 | 1760160 runlevel
runlevel's picture

i got trav'd nice.

Tue, 10/11/2011 - 00:07 | 1760039 The Deleuzian
The Deleuzian's picture

240 million views are you kidding me...That's like MJ's billiejean, thriller, beat it plus every freakin' song from Nevermind combined!!!

Tue, 10/11/2011 - 05:53 | 1760345 Kina
Kina's picture

240 million views. No wonder the US is in trouble. That music is crap, though she might be sorta ok.

Tue, 10/11/2011 - 14:49 | 1761950 pupton
pupton's picture

I don't know what turns me on most about that video, the little girl with cancer/no hair, the two dudes kissing or the obese girl doing a "can-opener" into the pool half naked...

Mon, 10/10/2011 - 23:32 | 1759944 LetThemEatRand
LetThemEatRand's picture

I understand he is consumed in liquid form as well.  No one ever says that you can't drink silver.  

Tue, 10/11/2011 - 04:26 | 1760314 natty light
natty light's picture

If you want to look like a smurf.

Tue, 10/11/2011 - 14:58 | 1761990 pupton
pupton's picture

Holy crap!  That kind of looks fake.  Did you check out tree man???  He has HPV (Genital warts) all over his body to the point that he looks like a damn tree.  Yuk!

Mon, 10/10/2011 - 23:37 | 1759956 knukles
knukles's picture

Hearsay they serve booze with Him....

Tue, 10/11/2011 - 05:01 | 1760327 jomama
jomama's picture

i told the priest i couldn't eat the flesh of jesus because i was a vegetarian.

Mon, 10/10/2011 - 23:29 | 1759925 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

They are like Shaft:  Cool as bullets.

Mon, 10/10/2011 - 23:31 | 1759934 SGS
SGS's picture

Congrats SRSrocco!  This is my boy it was first posted here yesterday http://www.silvergoldsilver.com/index.php?option=com_content&task=view&i...

Tue, 10/11/2011 - 01:40 | 1760193 Hook Line and S...
Hook Line and Sphincter's picture

Good move on the posting and best on the new site SGS. Stay irreverent would you?

Mon, 10/10/2011 - 23:03 | 1759839 Vic Vinegar
Vic Vinegar's picture

SLV = fun loving e-digits holder.  No harm no foul.

Physical silver = enemy of the state.

Which side are you on?

Mon, 10/10/2011 - 23:26 | 1759889 DoChenRollingBearing
DoChenRollingBearing's picture

Physical gold and silver for me.  I am not an enemy of the state, but sure as Hell don't trust it.  SLV is for speculators only.

Want your wealth (whatever you have) to maintain its value through time?  Then everyone should own gold and silver.  Everyone.

Mon, 10/10/2011 - 23:27 | 1759919 Prometheus418
Prometheus418's picture

Depends on what you mean by state, though, doesn't it?

If we're talking US constitutional republic, I'm a friend of the state- but that isn't what we've got sitting on thrones in Washington right now, is it?

Physical silver is not a religion, but it can be a political protest.

Tue, 10/11/2011 - 00:07 | 1760036 DoChenRollingBearing
DoChenRollingBearing's picture

Support a constitutional republic?  Yes

Support thrones in DC?  No

I don't support ANY .gov looking to take away my capital and spend it stupidly, which is EXACTLY what is happening and has been for a long time.

Gold and silver.  A political protest!  I like that...

Tue, 10/11/2011 - 01:20 | 1760175 Acidtest Dummy
Acidtest Dummy's picture

DoChen,
Don't roll with the mobs. Occupations don't generally end well. Be rational, be consistent recommend physical Pt. At spot and/or cheaper than Au is a no brainer -- buy the Pt.

Tue, 10/11/2011 - 08:02 | 1760486 Mitzibitzi
Mitzibitzi's picture

.gov taking away your capital in order to spend it on anything is stupid. That isn't the job of government, beyond some meagre sales taxes (or whatever), agreed upon by all as fair, to support basic law enforcement, sound currency and a small but useful level of national defence. Anything else is simply someone telling you that they know better how to spend your money than you do.

In essence, they are calling you stoopid and indirectly pointing a gun at you to take your capital by force. Then they're treating you like you're stoopid because they sincerely think you should believe the crap they are spending your money on is worthwhile. And be glad that the experts are there to take care of you. And with the education, media, social, etc policies of the past 50 years, they're trying very hard to actually make you stoopid, so you won't notice. Sucks from all angles!

Tue, 10/11/2011 - 01:08 | 1760159 Gringo Viejo
Gringo Viejo's picture

Speaking only for myself, if government statistics are repeatedly shown to be fraudulent, why would I believe them or ANY stated by quasi-government related agencies. Not only do I not believe that there is no gold in fort knox, neither do i believe that comex and lme have the physical silver they purport to have.

Mon, 10/10/2011 - 23:03 | 1759841 buyingsterling
buyingsterling's picture

Gold is money, silver won't be, in time. It will be vanishingly rare at some point, while gold will still be abundant. Best investment ever.

Mon, 10/10/2011 - 23:11 | 1759875 Falcon15
Falcon15's picture

Yeah, except for the 200+ tons of silver they are getting ready to haul out of the North Sea on WWI & WWII shipwrecks. Vanishingly rare? Not so much, based on the amount of bullion they have supposedly found.

Mon, 10/10/2011 - 23:23 | 1759910 DoChenRollingBearing
DoChenRollingBearing's picture

I am not up to date on this news item, but 200 tons seems pretty small beer for silver.

Silver is just fine as an investment (physical), but I prefer the real thing: gold!  It cannot hurt to diversify PM holdings to include both.

Consider a little platinum, it is now prices more than $100 lower than gold.  That happens fairly rarely.  "Platinum is for optimists" someone here at ZH once said.  Platinum does well when lots of new cars are built.

Also, Bearing's Trail Guide FOFOA says that platinum and silver will NOT likely ride gold's coattails up the BIG price explosion he foresees.  FOFOA is my favorite gold analyst...  I do not know why he is not covered better.  Perhaps because his articles are long.

fofoa.blogspot.com

(I am not FOFOA, but I do contribute)

Mon, 10/10/2011 - 23:37 | 1759945 buyingsterling
buyingsterling's picture

Both, yes. But there's got to be something to the reports that some of the old banking families are worth trillions. They had billions when the dollar was worth 50 times what it is today, and have been pillaging ever since. I'd wager they have warehouses full of gold that aren't part of the official statistics. Probably not the case with silver. "vanishingly rare"may not be the case, but it's certainly vanishing, mostly in quantities too small to recover. By some reports there is less total silver on the planet now than gold (above & below ground combined). That may not be the case, but there's certainly not 16 times as much silver on the planet as gold. There's about 7 times as much gold above ground as silver.

Mon, 10/10/2011 - 23:49 | 1759982 Buckaroo Banzai
Buckaroo Banzai's picture

Rothschilds, Rockefellers, etc. are never seen on the lists of richest people. They are very careful to keep their wealth hidden. I saw one estimate that the Rothschild family is worth a quadrillion dollars.

QUADRILLION.

Tue, 10/11/2011 - 00:08 | 1760041 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

We should Occupy the Rotheschildes.

Tue, 10/11/2011 - 00:18 | 1760064 flacon
flacon's picture

@ Falcon15 - See my note about 200,000 OUNCES, not 200 tons. Get your facts straight. 

Tue, 10/11/2011 - 00:10 | 1760046 The Deleuzian
The Deleuzian's picture

Dude! They own everything...they just let us pretend so we don't flip out!!!

Tue, 10/11/2011 - 00:13 | 1760049 The Big Ching-aso
The Big Ching-aso's picture

In Zimbabwean equivalents at one time they would've be considered barely paupers.  Now imagine a trillion dollar bill.  Now a quadrillion dollars doesn't sound so much does it?      It's all relative isn't it?

They better own gold and lots of it.

 

Tue, 10/11/2011 - 02:35 | 1760235 Livingstrong
Livingstrong's picture

Rothschilds and all elite families REAL MONEY is physical gold and physical silver. The fiat paper bills are for the peasants and "useless eaters", in other words, the rest of the non-elite world class. 

Tue, 10/11/2011 - 00:22 | 1760053 DoChenRollingBearing
DoChenRollingBearing's picture

I saw an estimate for the same, probably the one you did Buckaroo.

A quadrillion dollars...  Staggering.  A million billions...

Wikipedia has a great article on the Rothschilds.  It has grown into a huge family.  Castles, vinyards, banks, "concessions", you name it.  Probably LOTS of gold.  

Yes, how curious that the Roths and Rocks never make into the Forbes billionaires list...

Hell, if I were RICH (say a net worth of a mere $100 million or more), I would have a LOT of gold stashed around.

Tue, 10/11/2011 - 03:24 | 1760288 thunderchief
thunderchief's picture

There is a chewy carmel filled chocolate treat called the Rothchild. 

I think, and I am almost certain that explains their Quadrillion dollars.

JMHO.

Keep buying silver anyway.

Tue, 10/11/2011 - 00:10 | 1760045 flacon
flacon's picture

200,000 OUNCES! NOT TONS! (6.66 tons)

http://www.thesilverchronicle.com/Archive%20Folder/October%202011/oct112011d.html

 

USA Mint sold 750,000 ounces of silver in one day at the start of this month. 

 

 

 

Tue, 10/11/2011 - 07:57 | 1760479 krispkritter
krispkritter's picture

According to Odyssey they've found TWO ships this year alone containing large silver stores. Let your fingers do the walking and stop trying to be Debbie Downer.... http://www.shipwreck.net/

Do NOT follow this link or you will be banned from the site!