Solution to high price of silver?

[walbergb]

There should be enough silver in this haul to solve the high price of silver for photographers for a while (if only)! Shipwreck carrying $200M in silver located

 

[Ken Nadvornick]

Heh, heh... I thought the same thing when I first saw that.

There's something subtly wrong somewhere, I think, when the first thing that comes to my mind is,

"I wonder how many rolls of film that would make...?"

:confused:

Ken

P.S. Now just watch. Someone here is going to know the answer to that question. And the odds are pretty good they'll be correct, or close to it...

 

[Bob-D659]

Sounds like a lot, but as annual production is over 700 million troy oz per year, or $22 billion US, its approx 1% of annual production.

Dbl edit: It would make a lot of film. If it is very high quality silver.

Challenge accepted.

7 million troy oz of silver, 31sq meters of film per oz at 3 gm per sq meter, 19 rolls of film per sq meter, that is ummm...... . . . . . . .

4,204,000,000 rolls of 80 sq in film per roll. Sound sortof close.

 

[KanFotog]

4.2 billion plus rolls is exciting to think of.

There has also been a fall in silver prices recently.
Here in India silver's lost more than Rs. 10,000 (about $205) per kilo in the last 7 days alone.

Have the clouds started looking different at the edges?

Cheers,
Som

 

[lxdude]

4.2 billion plus rolls is exciting to think of.

There has also been a fall in silver prices recently.
Here in India silver's lost more than Rs. 10,000 (about $205) per kilo in the last 7 days alone.

Have the clouds started looking different at the edges?

Cheers,
Som

 

[Ronald Moravec]

The solution is to get governments to act responsibly. Inflation speculated inflation, which is what the price reflects, is caused by government and only by government. They control the printing of money and borrowing. You and I and union bargaining have absolutely nothing to with inflation. Government in the US has a stated goal of 3% per year to guard against deflation. Ie they want to pay off debt with cheaper dollars just as you can with a home mortgage.

 

[bobwysiwyg]

Actually, there are several factors that can contribute to inflation. Blaming it all on the government is not accurate.