Silver to be extinct by 2020?
PC
Silver is well below its equilibrium price now it is about $16 but it will
eventually move up , Silver is ready to move better and stronger than Gold ,
Silver will outperform gold quite dramatically before even Gold will reach
the $1000 , there is very little left of Silver in the planet , The US
geological society said just a couple of years ago that Silver will be the
first in the periodical table that will become extinct by 2020, that news
got almost buried on page 20 of the Wall Street Journal . Silver is more
rare than gold , it will certainly reach the price of gold before year 2020
when it will become distinct , The silver gold ratio will go from the actual
14 to bellow 1 ...silver cannot be recycled from land fields it will become
extinct the same way what happened to Rhodium which went from $300 to $10
000 an ounce
It has been widely published in scientific circles that silver will be the
first element from the periodic table to become extinct. Adrian Douglas
builds a strong case for why silver must eventually sell for many multiples
of its current price.
<END PASTE>
Is this complete rubbish? I have not been able to find the original source
where the US Geological Society makes such a claim. Listen to the interview
and it is littered with many dubious "facts".
- Gold has historically, on average, been $14/oz (may be true but averages
can be misleading)
- Silver will be more rare than Gold and therefore more valuable
- Silver will become like Rhodium in the sense that it will skyrocket into
stratosperic levels in a short period of time
- Gold has very limited industrial use
Curious on what thoughts others have about this. I find this all hard to
believe. If it is at all true one would want to start hoarding silver.
mazorj
"PC" <P...@minneapolis.mn.us> wrote in message
news:hgjbll$ss6$1...@news.eternal-september.org...
At the racetrack, this kind of shill would be known as a "tout".
Sure, silver will rise. So will gold and other PMs, along with gasoline and
groceries and chewing gum. It's a sucker bet to say they won't. But the
claims here for silver sound like, um, "fool's gold".
The goal of course is to beat other forms of savings investments. Right now
I'm listening to a piece about gold on an NPR program on money. One guy
says that $3k-$5k is not unreasonable in the not too distant future.
Another guy says that over the past 30 years gold has been a terrible hedge
investment except for the past three years and stocks still are the best
long-term holding. Experts go back and forth on PMs like the old "Tastes
great!" - "Fewer calories!" beer ads. Just as at the racetrack, you can
handicap the odds but you won't know the winners and losers until it's too
late.
I'd ignore this jabber and look for better-informed sources before placing
my bet.
part...@yahoo.com
> http://goldbasics.blogspot.com/2009/07/silver-to-become-extinct-by-20...
> It has been widely published in scientific circles that silver will be the
> first element from the periodic table to become extinct.
Um, "extinct"? That is some interesting terminology. I've never
encountered it in respect to an element, and it doesn't really make
any sense. Now, at some point there could be no more extractable (for
economically viable mining operations) silver, but silver doesn't
cease to exist just because we can't readily mine any more of it.
Whether or not that is likely to happen in 2020 I leave to others more
qualified to debate. Also, if it has been "widely published in
scientific circles", it should be rather easy to find the publications
(or at least the abstracts) online. My simple Googling on "silver
extinct" didn't turn anything up, but probably the original papers
wouldn't use the term "extinct" anyway. (I found quite a few papers
on optical extinction for colloidal silver, which is an entirely
unrelated subject.)
-Robert A. DeRose, Jr.
(snowed in and loving it)
PC
<part...@yahoo.com> wrote in message
news:340ecfa8-3867-4257...@t12g2000vbk.googlegroups.com...
On Dec 19, 3:04 pm, "PC" <P...@minneapolis.mn.us> wrote:
> http://goldbasics.blogspot.com/2009/07/silver-to-become-extinct-by-20...
> > It has been widely published in scientific circles that silver will be
> > the
> > first element from the periodic table to become extinct.
> Um, "extinct"? That is some interesting terminology. I've never
Indeed. Rather dubious.
> encountered it in respect to an element, and it doesn't really make
> any sense.
Well consider where I found this (see below)
> Now, at some point there could be no more extractable (for
> economically viable mining operations) silver, but silver doesn't
> cease to exist just because we can't readily mine any more of it.
I can't help but think of what happened to the Hunt brothers. When silver
spiked so high people started turning in their knives and forks.
> Whether or not that is likely to happen in 2020 I leave to others more
> qualified to debate. Also, if it has been "widely published in
> scientific circles", it should be rather easy to find the publications
> (or at least the abstracts) online. My simple Googling on "silver
> extinct" didn't turn anything up, but probably the original papers
Same here. I could only find a reference on blogs of silver and gold
hucksters.
I originally stumbled on this on the Facebook of John Stossel. Don't know
much about him but apparently he recently was hired by Fox News. He is also
a global warming denier yet saw fit to post the dubious link on his page.
Hmmm.
Bruce Remick
"mazorj" <maz...@verizon.net> wrote in message
news:hgjctb$6fe$1...@news.eternal-september.org...
I'm afraid I have to disagree with you there. I believe it was "Tastes
great -- Less filling".
.....as I rest after removing 18" of snow from my 50' driveway.
Mr. Jaggers
Years ago Stossel was a fairly reliable source on 20/20. I remember him
being into consumer advocacy rather bigtime. But now, well, he's in the
company of Beck, Hannity, O'Reilly et al. Doesn't exactly enhance his cred
in this household. On the other hand, there are oodles of counterfeit pages
on Facebook. I'd want to make sure it was really his before I said more.
James the Skeptic
Mr. Jaggers
...swilling some suds, praps?
James the Shoveler of S...
mazorj
"Bruce Remick" <rem...@cox.net> wrote in message
news:uCeXm.9361$ft1....@newsfe10.iad...
>
> "mazorj" <maz...@verizon.net> wrote in message
> news:hgjctb$6fe$1...@news.eternal-september.org...
...
> I'm afraid I have to disagree with you there. I believe it was "Tastes
> great -- Less filling".
Hell, I even disagree with myself. You're right.
> .....as I rest after removing 18" of snow from my 50' driveway.
Cripes, Bruce. At our age there are easier ways to go than death by
shoveling. Don't try that with wet, heavy snow.
Bruce Remick
Tomorrow I still have to shovel another 6-8" of snow that fell after I
finished the first phase. I wasn't about to shovel 20+ inches in one
session. Once you get in the habit of doing it yourself every year, it can
be hard to accept that it eventually may not be the best thing for you.
Although I did survive this summer while having an "outsider" do my lawn and
landscaping while I was rehabbing a knee replacement. In fact by the time
Fall rolled around, I kinda liked it, especially after I saw he was doing a
better job than I usually did. Now if he would only do it for
free................
mazorj
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
news:hgjsr...@enews1.newsguy.com...
For a consumer advocate, he did a real 180 and started sounding like a
corporate shill in his business reporting. Suddenly it was the corporations
and money interests that were the poor downtrodden victims of the media.
That's good advice on being wary of Facebook entries, but sometimes people
do flip out (or sell out) going from ardent but rational advocates, to
almost certifiable loons and rabid dogs. Have you seen what Jesse Ventura
is doing now on cable TV? Maybe you had a closer perspective on him but I
never saw any of that while he was wearing expensive suits and being
addressed as Mr. Governor.
Mr. Jaggers
Kind of like David Horowitz, but not as bad (yet).
> That's good advice on being wary of Facebook entries, but sometimes
> people do flip out (or sell out) going from ardent but rational
> advocates, to almost certifiable loons and rabid dogs. Have you seen
> what Jesse Ventura is doing now on cable TV? Maybe you had a closer
> perspective on him but I never saw any of that while he was wearing
> expensive suits and being addressed as Mr. Governor.
God and Satan both have over 500 Facebook pages each, and Barack Obama has
over 500 involving him.
John Stossel has close to 100 Facebook pages devoted to him. Will the real
John Stossel Facebook page please stand?
James the Janus-Faced
PC
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
news:hgjsr...@enews1.newsguy.com...
> Years ago Stossel was a fairly reliable source on 20/20. I remember him
> being into consumer advocacy rather bigtime. But now, well, he's in the
> company of Beck, Hannity, O'Reilly et al. Doesn't exactly enhance his
> cred in this household. On the other hand, there are oodles of
> counterfeit pages on Facebook. I'd want to make sure it was really his
> before I said more.
>
I should have been more clear. It is a fan page so that does not mean he
runs it, necessarily. Based on your comment I decided to more digging and
guess what - there is another John Stossel page that looks to be more
official. The page (that is NOT the one I found the article on) has notes
on it written in the first person about his upcoming specials.
For the record the "official" page:
http://www.facebook.com/pages/John-Stossel/46675576620
The page I found the link I previously posted:
http://www.facebook.com/pages/John-Stossel/210320159304
So I conclude the page I ran into is fake.
However, being that I stumbled across this page, fake or not, it caused me
to realize that there is a more than casual correlation between global
warming deniers and people pushing gold and silver as a store of value in
case this sh** hits the fan and society as we know it crumbles. It makes me
wonder if they are hedging against their own rhetoric or they are just
deeply cynical and suspicious people in general.
For the record I do think it is reasonable for people to debate how much
humans are contributing to climate change but at the same time I am
bewildered by a seemingly growing crowd of people who make ridiculous claims
such as "the earth has been cooling since 1998" and "the arctic is not
actually shrinking".
Mr. Jaggers
> "Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
> news:hgjsr...@enews1.newsguy.com...
>
>> Years ago Stossel was a fairly reliable source on 20/20. I remember
>> him being into consumer advocacy rather bigtime. But now, well,
>> he's in the company of Beck, Hannity, O'Reilly et al. Doesn't
>> exactly enhance his cred in this household. On the other hand,
>> there are oodles of counterfeit pages on Facebook. I'd want to make
>> sure it was really his before I said more.
>>
>
> I should have been more clear. It is a fan page so that does not
> mean he runs it, necessarily. Based on your comment I decided to
> more digging and guess what - there is another John Stossel page that
> looks to be more official. The page (that is NOT the one I found the
> article on) has notes on it written in the first person about his
> upcoming specials.
> For the record the "official" page:
> http://www.facebook.com/pages/John-Stossel/46675576620
> The page I found the link I previously posted:
> http://www.facebook.com/pages/John-Stossel/210320159304
>
> So I conclude the page I ran into is fake.
The gold standard for determining legitimacy of a Facebook page is to find a
link to it on the person's official internet webpage, and there are plenty
of fakes of those as well. The more known and/or controversial the person,
the greater likelihood of counterfeit pages of all kinds. A Fan Club page
is not the same as an official personal or business page, and first-person
narrative on a page does not constitute evidence that it is genuine.
> However, being that I stumbled across this page, fake or not, it
> caused me to realize that there is a more than casual correlation
> between global warming deniers and people pushing gold and silver as
> a store of value in case this sh** hits the fan and society as we
> know it crumbles. It makes me wonder if they are hedging against
> their own rhetoric or they are just deeply cynical and suspicious
> people in general.
Yes to everything.
> For the record I do think it is reasonable for people to debate how
> much humans are contributing to climate change but at the same time I
> am bewildered by a seemingly growing crowd of people who make
> ridiculous claims such as "the earth has been cooling since 1998" and
> "the arctic is not actually shrinking".
That the earth is warming is overwhelmingly supported by scientific data.
That man contributes to that warming through his activities is
overwhelmingly supported by scientific data. In the words of the late,
great Stephen Jay Gould, "Scientific Fact is a theory that is so thoroughly
confirmed it would be perverse to withhold provisional assent."
You are within the mark when you say it is reasonable to debate the extent
of man's contribution. It is also reasonable to debate the impact of any
attempt at doing something about it. Finally, it is reasonable to debate
whether the natural heating and cooling cycle will have its way regardless,
or whether we can indeed prevent a climatic crisis. Very few people are
capable of this kind of rational debate, so the default values remain what
they are.
James the Hod Carrier
Mr. Jaggers
> "Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
> news:hgjsr...@enews1.newsguy.com...
>
>> Years ago Stossel was a fairly reliable source on 20/20. I remember
>> him being into consumer advocacy rather bigtime. But now, well,
>> he's in the company of Beck, Hannity, O'Reilly et al. Doesn't
>> exactly enhance his cred in this household. On the other hand,
>> there are oodles of counterfeit pages on Facebook. I'd want to make
>> sure it was really his before I said more.
>>
>
> I should have been more clear. It is a fan page so that does not
> mean he runs it, necessarily. Based on your comment I decided to
> more digging and guess what - there is another John Stossel page that
> looks to be more official. The page (that is NOT the one I found the
> article on) has notes on it written in the first person about his
> upcoming specials.
> For the record the "official" page:
> http://www.facebook.com/pages/John-Stossel/46675576620
[snip]
The page referenced above was created when Stossel was with ABC and bears
the ABC logo. Since he is no longer with ABC, the page is no longer
official. The link to his "new blog" on that page redirects now to ABC
news, not his blog. I tried to find a FOX webpage featuring him, but was
unable. I think he just started with them about a week ago, so that may not
be surprising. In any event, one may appear soon, and if it displays a
Facebook logo specific to him, it should be a safe bet for Fanhood.
James
PC
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
> The gold standard for determining legitimacy of a Facebook page is to find
> a link to it on the person's official internet webpage, and there are
> plenty of fakes of those as well.
I did find his blog at Fox and no mention of any Facebook page. Further
more the page I cited as "looks to be more official" seems to have not been
updated since June and cites ABC News Specials only. It very well could
have been run by someone in the marketing/promotion department at ABC. Or
not.
> The more known and/or controversial the person, the greater likelihood of
> counterfeit pages of all kinds. A Fan Club page is not the same as an
> official personal or business page, and first-person narrative on a page
> does not constitute evidence that it is genuine.
>
Agreed; hence my use of 'looks to be more official' and putting quotes
around 'official' in reference to the link to that page.
Mr. Jaggers
> "Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
> news:hgk5u...@enews6.newsguy.com...
>
>> The gold standard for determining legitimacy of a Facebook page is
>> to find a link to it on the person's official internet webpage, and
>> there are plenty of fakes of those as well.
>
> I did find his blog at Fox and no mention of any Facebook page. Further
> more the page I cited as "looks to be more official" seems to
> have not been updated since June and cites ABC News Specials only. It very
> well could have been run by someone in the
> marketing/promotion department at ABC. Or not.
There's nothing inherently wrong with "fan" pages, but they more or less
provide a venue for "fans" to interact with each other (kind of like we do
on rcc!), and the fan page administrator decides what new information, if
any, will be posted.
James
mazorj
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
Many moons ago I worked for a financial trade association. They gave an
annual award for business finance reporting in the print and broadcast
fields. The trophy was a fairly well-executed bronze bust of Janus with one
face forward and the other facing the rear. I was aghast at the symbolism
of a PR department using the two-faced Roman god as an icon, but they were
proud of it and the reporters loved it.
If Stossel had done his 180 at the time, he'd undoubtedly have one sitting
now on his trophy shelf.
mazorj
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
Astonishingly (and unfortunately for our progeny), recent polls show that
the percentage of Americans who are concerned about global warming actually
is shrinking like an ice shelf. How much of that is due to normal public
apathy after hitting a high point, and how much is the work of despicable
liars and deniers is left as an exercise for the student.
- mazorj
"Sweating global warming in more ways than one."
mazorj
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
...
> God and Satan both have over 500 Facebook pages each, and Barack Obama has
> over 500 involving him.
>
> John Stossel has close to 100 Facebook pages devoted to him. Will the
> real John Stossel Facebook page please stand?
You can't do a real search on Facebook without joining, which I'm not about
to do. Stossel is neither God nor Satan and he'd soil his undies if you
equated him with Obama. But are there any fan pages for his brother in
arms, Vidkun Quisling?
PC
>
> Astonishingly (and unfortunately for our progeny), recent polls show that
> the percentage of Americans who are concerned about global warming
> actually is shrinking like an ice shelf. How much of that is due to
> normal public apathy after hitting a high point, and how much is the work
> of despicable liars and deniers is left as an exercise for the student.
>
I saw an article on CNN (which has its own bias, naturally) that disected
such a poll and found that belief has shrunk among Republicans moreso than
Democrats. I am sure Fox News has nothing to do with it. </sarcasm>
PC
A search yielded 8 such pages.
Reality
Where I live in Southern California it doesn't snow, but when it
rains, man it pours...
mazorj
Hah! My comment was a jape in the form of a rhetorical question, but
it's interesting to see that even 70 years after the fact,
minor-league fascist turncoats have their fans. Don't anyone tell me
how many pages Hitler has - I really don't want to know.
- mazorj the Rememberer
mazorj
"Reality" <realit...@ausi.com> wrote in message
news:c0ceaf0c-c765-4adc...@2g2000prl.googlegroups.com...
Remind us again of California's four seasons... something like Wind,
Mudslides, Wildfires, and Earthquakes? :-D
Bruce Remick
"Reality" <realit...@ausi.com> wrote in message
news:c0ceaf0c-c765-4adc...@2g2000prl.googlegroups.com...
====================
I'd be glad to swap ya some snow for some of your rain right now. That 6-8
additional inches I expected on the driveway today had turned into almost
18" this morning when I went out to see if there was any mail delivered
Saturday. Not. Over 24" total here in Springfield, VA. At least the sun
is out.