Re: Copper Inventories
in response to
by
posted on
Aug 22, 2013 05:32PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
I don't think any of you actually read anything i wrote. Of course there is demand on gold, its nothing even comparable to silver. Silvers demand is almost identical to production. This is no where near what gold is like, and if it was there is massive amounts of gold that has been banked over the years. Not to mention silver is more often consumed, as where gold is recycled off most of those electronics you are refering to. Those two metals don't have the same situation at all, and silver couldn't be more underpriced. Oh and a country buying gold to sit in its vault, is not demand, soo...