The effort that goes in to your £12 oz silver

[mr-dead]

The work that goes in to your £12 oz silver, and this is just the first stage not including the refining + creating coin blanks, designs + dies etc.

Just seems like its on sale currently thanks to the paper games and manipulation.

 

[matrawr]

Well either they find a way to become more efficient or they just stop making silver bars. How up to date is the video?

[mr-dead]

You may get more efficient but all the low hanging fruit has already been mined.  Lower yielding ores or deeper down costs more.

[matrawr]

Don't forget there's under the sea as well but if they were to find an abundance of silver under the sea imagine the negative effect that would have on the silver price.

[KDave]

I hear a lot that much of silvers supply is as a secondary product from base metal mining. Where does the majority of silver ore come from, is it coming from base metal mines or is most of it coming from silver mines - if most silver ore is being mined as a secondary/waste product, what does that mean for future prices and availability? 

I have not seen figures of where silver ore supply comes from, only the total supply, demand of finished metal post refining which is possibly a totally different market. Does the supply of ore and its source matter to the end price or can it be disregarded? 

[Stu]

It's only around 20% from primary silver miners.

[Lowlow]

Where did the gold and silver come from originally ?  If this is true it certainly explains why gold, silver, and platinum, etc, are so rare in the Universe (gold and silver are 0.00000006% of the Universe each) , there's just not that much of it being made, and it comes from rare events that only happen about once every 10,000 years in our galaxy, and then only make a few Earth size's worth of gold that is blown out into space.  In addition to being rare, it's apparently even more rare on earth because during our planet's formation all the heavy metals went to the planet's core, and scientists theorize that what we mine is actually precious metals that arrived later in meteors and were condensed into veins by geological processes.  It's amazing that something so rare can be discovered and refined by humans.  Makes you really appreciate that gold coin.  Gold, silver, and platinum are basically space dust from the collision of neutron stars, each of which were themselves created by the supernova explosion of stars.

 

[Pampfan]

5 hours ago, Lowlow said:

 Gold, silver, and platinum are basically space dust from the collision of neutron stars, each of which were themselves created by the supernova explosion of stars.

 

Arent’t we all just space dust and stuff? ?

[Lowlow]

3 hours ago, Pampfan said:

Arent’t we all just space dust and stuff? ?

Yeah, but we aren't star dust from neutron star collisions, at least not much of us is.

[tbone]

7 hours ago, Pampfan said:

Arent’t we all just space dust and stuff?

Space dust in the wind?

[Pampfan]

8 hours ago, Lowlow said:

Yeah, but we aren't star dust from neutron star collisions, at least not much of us is.

I always felt like I lean to the left a lot - Must be my solid gold left hand.?

[gazer]

On 28/04/2018 at 21:00, Lowlow said:

Where did the gold and silver come from originally ?  If this is true it certainly explains why gold, silver, and platinum, etc, are so rare in the Universe (gold and silver are 0.00000006% of the Universe each) , there's just not that much of it being made, and it comes from rare events that only happen about once every 10,000 years in our galaxy, and then only make a few Earth size's worth of gold that is blown out into space.  In addition to being rare, it's apparently even more rare on earth because during our planet's formation all the heavy metals went to the planet's core, and scientists theorize that what we mine is actually precious metals that arrived later in meteors and were condensed into veins by geological processes.  It's amazing that something so rare can be discovered and refined by humans.  Makes you really appreciate that gold coin.  Gold, silver, and platinum are basically space dust from the collision of neutron stars, each of which were themselves created by the supernova explosion of stars.

 

Interesting thanks for the information, good reading. Cheers.

[RisinSun]

Neutron stars, pulsars, magnetars all of it is amazing. What a universe we have, how insignificant are we.