Rare Earth Silver The last years of mining silver could well be compared to studies that indicate the world is approaching the last years of pumping oil. While the earth’s stores of silver may not actually run out anytime soon, increasing demand and increasingly difficult mining opportunities for silver tends to put upward pressure on the cost of extracting what silver is left from the planet. Those mining costs are also getting more and more complex as new processes and resource scouting techniques are required. Energy prices ultimately will go up. If not because of dwindling supply, then they will very likely rise due to inflation. The same is true of precious metal prices. The Silver Mining Industry The silver mining industry, much like the agricultural industry, is aging. It will take a substantial capital investment to train new people and bring in new innovation to meet growing industrial and investor demand for silver. Furthermore, silver mining is machine and labor intensive. This makes it more difficult to factor in abstract costs and risks like political or regulatory challenges, or the constant threat of nationalization of personal silver stashes…. …to continue reading the rest of the article, click here.
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