@DocBenjamin said:
Silver is neither cheap nor expensive at $30.
Expect to see $50 by year end though as trillions of free dollars search for a home.
I'll be back to gloat.
The gutter is very expensive at these levels. Nobody even wants the crap. Current mining is a byproduct of copper extraction. You should be hoarding the copper in your bunker, not the gutter. LOL! RGDS!!
Prediction was made on the futility of the Dollar rather than the utility of the metal.
So I think the image you posted has flubbed the numbers for Platinum and Palladium (and also silver).
Your image states silver at 0.0075 ppm and gold at 0.0040 ppm, which would make silver less than twice the abundance of gold (but the abundance of silver in Earth's crust is actually 0.075 ppm which is 18.75 particles of silver for every particle of gold).
A lot of the variance depends on the source selection of what depth of "crust" is used. The crust thickness varies dramatically. Compared with atoms of silicon, Pt is less abundant than gold. It certainly is much scarcer than gold in terms of what can be mined economically. There are also 20 million tons of gold in the oceans. Most of these abundance figures are "order of magnitude" level estimates.
The crust of Earth is of two distinct types:
Continental: 30 - 50 km (20 - 30 mi) thick and mostly composed of less dense, more felsic rocks, such as granite. In a few places, such as the Tibetan Plateau, the Altiplano, and the eastern Baltic Shield, the continental crust is thicker (50 - 80 km (30 - 50 mi)).
Oceanic: 5 - 10 km (3 - 6 mi) thick and composed primarily of denser, more mafic rocks, such as basalt, diabase, and gabbro.
The average thickness of the crust is about 15 - 20 km (9 - 12 mi).
Because both the continental and oceanic crust are less dense than the mantle below, both types of crust "float" on the mantle.
@DocBenjamin said:
Silver is neither cheap nor expensive at $30.
Expect to see $50 by year end though as trillions of free dollars search for a home.
I'll be back to gloat.
The gutter is very expensive at these levels. Nobody even wants the crap. Current mining is a byproduct of copper extraction. You should be hoarding the copper in your bunker, not the gutter. LOL! RGDS!!
.
Wow, a couple accurate predictions and a lot of very faulty predictions in this old thread - especially by blitzeddude.
A year and a half later things did not turn out in favor of silver bears.
Assertion made by blitzdude on August 29, 2024 when spot silver = $29.68. Only 16 months later, the spot price has pushed on up to $69.15 as of this post:
The gutter is very expensive at these levels. Nobody even wants the crap. Current mining is a byproduct of copper extraction. You should be hoarding the copper in your bunker, not the gutter. LOL! RGDS!!
It really doesn't look like "Nobody even wants the crap." I'd like to see the price if everybody wants it.
Q: Are You Printing Money? Bernanke: Not Literally
@DocBenjamin said:
Silver is neither cheap nor expensive at $30.
Expect to see $50 by year end though as trillions of free dollars search for a home.
I'll be back to gloat.
The gutter is very expensive at these levels. Nobody even wants the crap. Current mining is a byproduct of copper extraction. You should be hoarding the copper in your bunker, not the gutter. LOL! RGDS!!
.
Wow, a couple accurate predictions and a lot of very faulty predictions in this old thread - especially by blitzeddude.
A year and a half later things did not turn out in favor of silver bears.
.
You really should invest in getting a life and finding something to occupy your time. You certainly appear to have an excess amount of it. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Who's shaking up this old post
I should have known... Dan,
Now why did I get a recent email of a new topic?
That's the real question
$70 Christmas... Come-on.
@DocBenjamin said:
Silver is neither cheap nor expensive at $30.
Expect to see $50 by year end though as trillions of free dollars search for a home.
I'll be back to gloat.
The gutter is very expensive at these levels. Nobody even wants the crap. Current mining is a byproduct of copper extraction. You should be hoarding the copper in your bunker, not the gutter. LOL! RGDS!!
.
Wow, a couple accurate predictions and a lot of very faulty predictions in this old thread - especially by blitzeddude.
A year and a half later things did not turn out in favor of silver bears.
.
You really should invest in getting a life and finding something to occupy your time. You certainly appear to have an excess amount of it. THKS!
.
You seem to have a lot of time to write the same basic thing over and over again.
@DocBenjamin said:
Silver is neither cheap nor expensive at $30.
Expect to see $50 by year end though as trillions of free dollars search for a home.
I'll be back to gloat.
The gutter is very expensive at these levels. Nobody even wants the crap. Current mining is a byproduct of copper extraction. You should be hoarding the copper in your bunker, not the gutter. LOL! RGDS!!
.
Wow, a couple accurate predictions and a lot of very faulty predictions in this old thread - especially by blitzeddude.
A year and a half later things did not turn out in favor of silver bears.
.
You really should invest in getting a life and finding something to occupy your time. You certainly appear to have an excess amount of it. THKS!
@derryb said:
Blitzy, don't fret. For years I was ridiculed here for choosing too early that silver was screaming "buy me" (and it was).
Your day in the sun will eventually come.
I've got lots. BOOMIN!™. RGDS!!!!
P.S. I was busy buying the S&P while you were fumbling around with the lost half century in gutter metal. Those gainz far outweigh anything the gutter has done in our lifetimes. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
@Goldminers said:
There are also 20 million tons of gold in the oceans. Most of these abundance figures are "order of magnitude" level >estimates.
_Is that even remotely recoverable? And how do we even know that is likely as opposed to just a speculative guess?
It takes around 100 million tons of seawater to process a gram of gold. It is absurdly uneconomical, but it has been technically proven and feasible to recover it using polymers, chemical precipitation, certain bacteria, or ion-exchange resins.
The article was to show total amount of gold in the earth compared to other metals, not what can be mined profitably.
June ‘25 : $4k in 6mo CD returned $80
Value:$4080
June ‘25: $4k in 111 oz silver for $36 oz
Still holding silver. Current value: $71.74 per oz., or $7963.14
Too bad I waited a year to take my own advice in this thread. Better late than never.
Comments
Lithium is 20.0 ppm (parts per million) in the Earth's crust.
Silver is 0.075 ppm. Gold is 0.004 ppm.
So lithium is 267 times as abundant as silver and 5,000 times as abundant as gold.
Prediction was made on the futility of the Dollar rather than the utility of the metal.
Global X Lithium & Battery Tech ETF (LIT) is 161% higher than it was five years ago ($37.51 vs 23.61)
If two brothers can squeeze silver to $50, imagine what a world of stackers is about to do.
And platinum is more rare.tham gold. Great.
In 2019 there were about 2.2 million EV cars sold. In 2024 there will be more.than 10 million. Lithium price is lower than in 2019 with more demand.
Price of lithium is lower today even with increased demand and usage.
Knowledge is the enemy of fear
PMers hitched their horse to the wrong wagon?
Knowledge is the enemy of fear
.
5 years ago lithium mining and production industries were not fully mature.
Gold mining and production is beyond mature at this point.
PS:
You are mistaken - platinum in the Earth's crust is NOT rarer than gold (.005 ppm for platinum, .004 ppm for gold):
https://sciencenotes.org/abundance-of-elements-in-earths-crust-periodic-table-and-list/
.
Every car on planet earth can and will become a EV. Gutter will still be in the gutter. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
.
I suspect that you will be technically correct when you crash your electric car into the gutter.
.
Knowledge is the enemy of fear
.
The figures in that image for Platinum and Palladium do not agree with the figures from the page I linked previously, or Wikipedia:
https://en.wikipedia.org/wiki/Abundance_of_elements_in_Earth%27s_crust
These web sites also list gold as slightly scarcer than platinum:
https://geo.libretexts.org/Bookshelves/Geology/Fundamentals_of_Geology_(Schulte)/02%3A_Rock_Forming_Minerals/2.08%3A_Abundance_of_Elements_in_Earth's_Crust
https://periodictable.chemicalaid.com/charts.php/abundance-earth-crust?lang=en
So I think the image you posted has flubbed the numbers for Platinum and Palladium (and also silver).
Your image states silver at 0.0075 ppm and gold at 0.0040 ppm, which would make silver less than twice the abundance of gold (but the abundance of silver in Earth's crust is actually 0.075 ppm which is 18.75 particles of silver for every particle of gold).
.
A lot of the variance depends on the source selection of what depth of "crust" is used. The crust thickness varies dramatically. Compared with atoms of silicon, Pt is less abundant than gold. It certainly is much scarcer than gold in terms of what can be mined economically. There are also 20 million tons of gold in the oceans. Most of these abundance figures are "order of magnitude" level estimates.
The crust of Earth is of two distinct types:
Continental: 30 - 50 km (20 - 30 mi) thick and mostly composed of less dense, more felsic rocks, such as granite. In a few places, such as the Tibetan Plateau, the Altiplano, and the eastern Baltic Shield, the continental crust is thicker (50 - 80 km (30 - 50 mi)).
Oceanic: 5 - 10 km (3 - 6 mi) thick and composed primarily of denser, more mafic rocks, such as basalt, diabase, and gabbro.
The average thickness of the crust is about 15 - 20 km (9 - 12 mi).
Because both the continental and oceanic crust are less dense than the mantle below, both types of crust "float" on the mantle.
My US Mint Commemorative Medal Set
If two brothers can squeeze silver to $50, imagine what a world of stackers is about to do.
Kinda like that old song. “Short people got no reason …..”
``https://ebay.us/m/KxolR5
I was thinking more like groundhog day. Gutter is the gift that keeps on not giving. LOL THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
I'm selling some gold, might buy some more silver tomorrow at 85:1
I knew it would happen.
A fool and his money are soon parted. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
My gold has done well. Portfolio rebalancing.
And it will be real silver, not the paper garbage.
I knew it would happen.
.
Wow, a couple accurate predictions and a lot of very faulty predictions in this old thread - especially by blitzeddude.
A year and a half later things did not turn out in favor of silver bears.
.
Omg lolz
COPPER is gutter !
Bad News GutterBears, DCarr!
Assertion made by blitzdude on August 29, 2024 when spot silver = $29.68. Only 16 months later, the spot price has pushed on up to $69.15 as of this post:
The gutter is very expensive at these levels. Nobody even wants the crap. Current mining is a byproduct of copper extraction. You should be hoarding the copper in your bunker, not the gutter. LOL! RGDS!!
It really doesn't look like "Nobody even wants the crap." I'd like to see the price if everybody wants it.
I knew it would happen.
Is that even remotely recoverable ? And how do we even know that is likely as opposed to just a speculative guess ?
You really should invest in getting a life and finding something to occupy your time. You certainly appear to have an excess amount of it. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Who's shaking up this old post
I should have known... Dan,
Now why did I get a recent email of a new topic?
That's the real question
$70 Christmas... Come-on.
.
You seem to have a lot of time to write the same basic thing over and over again.
.
Blitzy, don't fret. For years I was ridiculed here for choosing too early that silver was screaming "buy me" (and it was).
Your day in the sun will eventually come.
If two brothers can squeeze silver to $50, imagine what a world of stackers is about to do.
lol @blitzdude the ultimate broken record. Great entertainment
COPPER is gutter !
Loves me some shiny!
I've got lots. BOOMIN!™. RGDS!!!!
P.S. I was busy buying the S&P while you were fumbling around with the lost half century in gutter metal. Those gainz far outweigh anything the gutter has done in our lifetimes. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
It takes around 100 million tons of seawater to process a gram of gold. It is absurdly uneconomical, but it has been technically proven and feasible to recover it using polymers, chemical precipitation, certain bacteria, or ion-exchange resins.
The article was to show total amount of gold in the earth compared to other metals, not what can be mined profitably.
My US Mint Commemorative Medal Set
June ‘25 : $4k in 6mo CD returned $80
Value:$4080
June ‘25: $4k in 111 oz silver for $36 oz
Still holding silver. Current value: $71.74 per oz., or $7963.14
Too bad I waited a year to take my own advice in this thread. Better late than never.
``https://ebay.us/m/KxolR5
Time for a breather
If two brothers can squeeze silver to $50, imagine what a world of stackers is about to do.
Every time a true breather looks possible it spikes right back up. Crazy.
COPPER is gutter !
