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Tuesday, December 24, 2013 2:14:40 AM
Silver is greatly an industrial metal.
Thinking along the lines of the above statement of hopes for higher 2014 PM and commodity prices, the opposite may happen. IF it becomes true that China forces its people into electric cars for local use trips. Imagine what would happen if China starts using its silver for vehicle and stationary power batteries. They already experimented with silver submarine batteries, and were very impressed. This is called dual use profit potential.
It would go something like this: Chinese government demands its EV purchasers use silver batteries (that have greater range capability AND mandates the EV buyer sign for the silver used in the batteries. This policy would be kind of the opposite of taking the silver from its citizens: it makes them storage certificate holders of title and uses the commodity for the national and local good (increasing EV battery range and reducing urban pollution). Under such circumstances, the Citizen would get to have control of one's national silver storage, and the government enforces its energy policy (best not lose that silver battery, bud).
Such a thing would not happen in USA, as our government has no silver in its national emergency stockpile anymore. We won't even mint new silver coins for our people to hold forth and use in our (their) national wealth, as in their commerical monetary exchanges. They have even taken Cu out of the penny USA coin. Why? Because it allowed the average USA citizen to have control of a profit in their coin purse (when CU rises in value).
Also, electronic money (credit and especially debit cards) are to be the future money medium, which will even further take (alienate) the average citizen away from possessing control; on their person, of physical monetary value. We are then told, electronic money is cheaper to manufacture and does not wear out. Geepers . . . the Gov . . . the has SAVED us money!
Do not be super upset if silver drops in price.
Its the easiest way to take value from individual silver holders, quickly.
Electronic money, and the other novel silver storage ideas I voiced above, are all issues in the future of HL stock price? For example, which would you rather receive in trade . . . a pre-1960 silver containing dime or a modern metal stamp dime. . . in a .10 transaction change return?
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