> is it possible for silver and gold to go to $0 value?

the price is what the market says it is. and at current pace they will end up at $0 sooner or later shrug

It costs ~ $1,300 to mine and refine an ounce of gold. It's around $24 for an oz of silver. That would seem to be a lower boundary on price.

Manufacturing.boi wrote:
It costs ~ $1,300 to mine and refine an ounce of gold. It's around $24 for an oz of silver. That would seem to be a lower boundary on price.

It costs far less to just melt down an existing bar of gold.

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It costs far less to just melt down an existing bar of gold.

thumbup

Yep. Jewelry, flatware and granny's teapot all get recycled during the price spikes.

Silver has many industrial uses, so it will always have industrial value.

Gold has many fewer uses, but it is beautiful and fairly rare.

Phillip_McCavity wrote:
Silver has many industrial uses, so it will always have industrial value.

Gold has many fewer uses, but it is beautiful and fairly rare.

All modern electronics use gold.

You and I are communicating with devices that contain gold.

NOTE: Gold is corrosion-resistant, while silver is not.

http://geology.com/minerals/gold/uses-of-gold.shtml

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All modern electronics use gold.

You and I are communicating with devices that contain gold.

NOTE: Gold is corrosion-resistant, while silver is not.

http://geology.com/minerals/gold/uses-of-gold.shtml

I said it has fewer uses, not zero.

And I deleted a comment about connectors. I am well aware.

if trump ends up nuking iran, what will happen to the price of gold?

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if trump ends up nuking iran, what will happen to the price of gold?

straight to $0

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straight to $0

why?

wrote:
All modern electronics use gold.

You and I are communicating with devices that contain gold.

NOTE: Gold is corrosion-resistant, while silver is not.

http://geology.com/minerals/gold/uses-of-gold.shtml

Phil knows as much about gold as he does having sex with women. lol

> is it possible for silver and gold to go to $0 value?

is it possible for silver and gold to go to $0 value?

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Re: is it possible for silver and gold to go to $0 value?

Manufacturing.boi wrote:

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Phillip_McCavity wrote:

Re: is it possible for silver and gold to go to $0 value?

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Re: is it possible for silver and gold to go to $0 value?

Re: is it possible for silver and gold to go to $0 value?

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Re: is it possible for silver and gold to go to $0 value?

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Re: is it possible for silver and gold to go to $0 value?

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