Silver Powering 20 Million Homes as Glut Subsides: Commodities

ksammut

Silver Powering 20 Million Homes as Glut Subsides: Commodities

OPA

Interesting read...

derryb is not going to like their forecast on silver

"Prices will average $37.50 an ounce in the fourth quarter, 13 percent more than now, the median estimate in a Bloomberg survey of 13 analysts shows."

mhammerman

News from the front:

Talked to my electrical engineer today about the development of solar panels/solar power. He told me that solar panels just aren't there yet. They are too expensive and generate too little electricity. He related T. Boone Pickins wind power effort and ended the story about how T Boone ended up with nat gas as the proper bet because wind was too expensive and deliver too little electricity. He stated that batteries for automobiles was likely going to improve and become much more mainstream. Solar panels...nah.

He did say that the biggest current technology advance was eliminating luminaires for public lighting like street lights and even traffic signalization as all that industry was going to go with LEDs as they consume minisculine amounts of electricity, the power was already hooked up, and the light intensity can be modified to high or low depending on need/time of day. He said LED's are the new lighting technology. He did say that solar panels were a pretty good fit for low voltage items like parking meters, school crossing lights, and small application but houses, buildings, municipal power generation uses...not going to be mainstream until someone comes up with a quantum advance and there just isn't one out there right now.

I wouldn't put too much of a silver consumption bet on silver for solar panels.

Yukoncornelius1

<< <i>Interesting read...

derryb is not going to like their forecast on silver

"Prices will average $37.50 an ounce in the fourth quarter, 13 percent more than now, the median estimate in a Bloomberg survey of 13 analysts shows." >>



Well according to some here silver is going way down in price.

AUandAG

Solar panels are excellent source of electricity now that LED lighting has advanced as far
as it has. My son lives in rural Nevada with no power from the grid available, (nor phone
service) and has solar for electrical power. He has propane for running the generator when the solar
cannot keep up. Since he has gone LED his solar is almost keeping up completely. His home is 3600
square feet and all the modern conveniences (micro, DW, 3 TV's).
cost of propane has dropped 80%. He still uses propane for heating water so it will not
go away completely.

Solar does have it's place, just not in the city for now.

bob