Looks like Silver has no reason

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  • dcarr
    dcarr Posts: 10,266 ✭✭✭✭✭
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    @cohodk said:

    @dcarr said:

    Note that a Tesla Model S battery contains 60 kilograms (60,000 grams) of lithium.

    All those EVs out there and yet the price if lithium is lower than 5 years ago.

    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.

    Moonlight Mint
  • DocBenjamin
    DocBenjamin Posts: 1,492 ✭✭✭✭✭
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    @blitzdude said:

    @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.

    B)

    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.

  • derryb
    derryb Posts: 38,614 ✭✭✭✭✭
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    @cohodk said:

    @dcarr said:

    Note that a Tesla Model S battery contains 60 kilograms (60,000 grams) of lithium.

    All those EVs out there and yet the price if lithium is lower than 5 years ago.

    Global X Lithium & Battery Tech ETF (LIT) is 161% higher than it was five years ago ($37.51 vs 23.61)

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • RedneckHB
    RedneckHB Posts: 20,237 ✭✭✭✭✭
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    @dcarr said:

    @cohodk said:

    @dcarr said:

    Note that a Tesla Model S battery contains 60 kilograms (60,000 grams) of lithium.

    All those EVs out there and yet the price if lithium is lower than 5 years ago.

    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.

    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.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • RedneckHB
    RedneckHB Posts: 20,237 ✭✭✭✭✭
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    @derryb said:

    @cohodk said:

    @dcarr said:

    Note that a Tesla Model S battery contains 60 kilograms (60,000 grams) of lithium.

    All those EVs out there and yet the price if lithium is lower than 5 years ago.

    Global X Lithium & Battery Tech ETF (LIT) is 161% higher than it was five years ago ($37.51 vs 23.61)

    PMers hitched their horse to the wrong wagon?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • dcarr
    dcarr Posts: 10,266 ✭✭✭✭✭
    edited August 27, 2024 2:38PM
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    @cohodk said:

    @dcarr said:

    @cohodk said:

    @dcarr said:

    Note that a Tesla Model S battery contains 60 kilograms (60,000 grams) of lithium.

    All those EVs out there and yet the price if lithium is lower than 5 years ago.

    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.

    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.

    .

    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/

    .

    Moonlight Mint
  • blitzdude
    blitzdude Posts: 7,726 ✭✭✭✭✭
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    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????
    Retiring at 55, what day is today? :sunglasses:

  • dcarr
    dcarr Posts: 10,266 ✭✭✭✭✭
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    @blitzdude said:
    Every car on planet earth can and will become a EV. Gutter will still be in the gutter. RGDS!

    .

    I suspect that you will be technically correct when you crash your electric car into the gutter.

    .

    Moonlight Mint
  • RedneckHB
    RedneckHB Posts: 20,237 ✭✭✭✭✭
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    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • dcarr
    dcarr Posts: 10,266 ✭✭✭✭✭
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    @cohodk said:

    .

    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).

    .

    Moonlight Mint
  • Goldminers
    Goldminers Posts: 4,414 ✭✭✭✭✭
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    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

  • derryb
    derryb Posts: 38,614 ✭✭✭✭✭
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    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,223 ✭✭✭✭✭
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    Kinda like that old song. “Short people got no reason …..”

  • blitzdude
    blitzdude Posts: 7,726 ✭✭✭✭✭
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    @TwoSides2aCoin said:
    Kinda like that old song. “Short people got no reason …..”

    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????
    Retiring at 55, what day is today? :sunglasses:

  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    I'm selling some gold, might buy some more silver tomorrow at 85:1

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • blitzdude
    blitzdude Posts: 7,726 ✭✭✭✭✭
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    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????
    Retiring at 55, what day is today? :sunglasses:

  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
    edited August 30, 2024 4:51AM
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    My gold has done well. Portfolio rebalancing.

    And it will be real silver, not the paper garbage.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • dcarr
    dcarr Posts: 10,266 ✭✭✭✭✭
    edited December 21, 2025 8:05PM
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    @blitzdude said:

    @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.

    B)

    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.

    .

    Moonlight Mint
  • toadstrangler
    toadstrangler Posts: 10,034 ✭✭✭✭✭
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    @blitzdude said:
    Certainly, the most overhyped "commodity" of our lifetimes. RGDS!

    Omg lolz

    COPPER is gutter !

  • MilesWaits
    MilesWaits Posts: 5,597 ✭✭✭✭✭
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    Bad News GutterBears, DCarr!

    Now riding the swell in PM's and surf.
  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    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

    I knew it would happen.
  • GoldFinger1969
    GoldFinger1969 Posts: 3,472 ✭✭✭✭✭
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    @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 ?

  • blitzdude
    blitzdude Posts: 7,726 ✭✭✭✭✭
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    @dcarr said:

    @blitzdude said:

    @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.

    B)

    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????
    Retiring at 55, what day is today? :sunglasses:

  • rte592
    rte592 Posts: 2,235 ✭✭✭✭✭
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    Who's shaking up this old post :o
    I should have known... Dan, :D
    Now why did I get a recent email of a new topic?
    That's the real question :*
    $70 Christmas... Come-on.

  • dcarr
    dcarr Posts: 10,266 ✭✭✭✭✭
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    @blitzdude said:

    @dcarr said:

    @blitzdude said:

    @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.

    B)

    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.

    .

    Moonlight Mint
  • derryb
    derryb Posts: 38,614 ✭✭✭✭✭
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    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.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • toadstrangler
    toadstrangler Posts: 10,034 ✭✭✭✭✭
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    lol @blitzdude the ultimate broken record. Great entertainment

    COPPER is gutter !

  • carew4me
    carew4me Posts: 3,667 ✭✭✭✭
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    @blitzdude said:

    @dcarr said:

    @blitzdude said:

    @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.

    B)

    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!


    Loves me some shiny!

    “Often wrong, but never in doubt.”
  • blitzdude
    blitzdude Posts: 7,726 ✭✭✭✭✭
    edited December 23, 2025 12:09PM
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    @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????
    Retiring at 55, what day is today? :sunglasses:

  • Goldminers
    Goldminers Posts: 4,414 ✭✭✭✭✭
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    @GoldFinger1969 said:

    @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.

    My US Mint Commemorative Medal Set

  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,223 ✭✭✭✭✭
    edited December 24, 2025 10:05AM
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    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.

  • derryb
    derryb Posts: 38,614 ✭✭✭✭✭
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    Time for a breather

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • toadstrangler
    toadstrangler Posts: 10,034 ✭✭✭✭✭
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    @derryb said:
    Time for a breather

    Every time a true breather looks possible it spikes right back up. Crazy.

    COPPER is gutter !

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