Tek, interesting about the spell check isn't it ?
It's a lot better than it used to be- people see way less of my mistakes now
(In truth, writing a lot has vastly improved my spelling)
Would you say that decreased demand and increasing supplied have more to do with a global depression than the material uses for silver ?
I would say that the global recession has reduced the demand for the material use of silver.
My guess would be silver at $10, silverware and jewelry use would again rise... But thats just a guess on my part.
I really don't know, but I would be shocked to see silver drop below $20.
My long term views on silver are still the same-
It is still a hard asset and a great store of wealth. I have been saying for a LONG TIME that I feel 2 things will happen-
First, we will have a huge deflationary period, and you will see metals drop (like you will see other commodities drop). I believe we are hitting that now, but that's my view/opinion and I am not an expert
Second, we will see the debt rise to infinity, QE to infinity, endless printing etc to try and fix all of this causing a huge loss of faith in the USD and a flight to hard assets, making silver a GREAT CHOICE to be in then.
That doesn't mean silver will go straight up from here, and it doesn't mean there are shortages of physical silver now, and a massive conspiracy to artificially hold the price down.
I bet the masses watching my videos today had NO IDEA that COMEX inventories are at 10 year highs.
Notice that all the silver 'gurus' that were talking NON_STOP about shrinking inventories a couple of years ago as evidence that there is a physical silver shortage have remained completely quiet on the subject as inventories have recently shot up recently.