Saturday, February 12, 2011

Why Higher Oil Prices Are Good for Silver

Stephen Leeb thinks oil prices are going much higher,Leeb is also bullish on silver because silver is "a vital part of any solar energy development"
"And it's not clear at all that we have enough silver to satisfy the eventual demand for solar energy," ha explains

Silver refining

Silver refining



A micro-scale experiment explaining some principles related to the refining process of silver.

Some Questions and answers:

-Why use such a small container? =Because the larger the container the more solution of silver nitrate is required, which means that more of your silver is trapped in there.

-What are those small spots on your skin? =As you can imagine, it is due to silver nitrate splashes that landed on it. It is not so tragic, I tell everyone that I refilled a printer ink cartridge.

-Dude, how can you know that the silver content is 70% ? =Well, I know what went into that jar, that's why.

-Could you build a much better power supply? Theoretically I could, out of two transformers. But I have not found the right types yet. Actually anything that can supply (DC current) a voltage between 1,5 and 3,5 V and lots of Amps (goes anywhere from 10A to 800A) is suited for the job. Plating rectifiers do the job, but they cost a lot.

-Didn't your @1,5V time lapse take too long for producing almost nothing? =The batteries were already a bit consumed, I didn't measure it but I guess the current was much smaller than 0,28A. Theoretically each battery can supply at least 2000mAh which means that each battery can plate out 8,048g of pure silver.

-70% of 25g makes 17,5g, you only got 16,9g of fine silver, where is the rest of it? =The rest of the silver is in the first solution where I left the copper tube in, a small part is in the electrolyte solution because it had a bit of free nitric acid.

-Where do I get nitric acid from? =Good question, depends where on this planet you live at. In some countries you cannot buy nitric acid but you might get it through friends who work at a synthesis plant. In others, like Germany, you go to the pharmacy and buy some. Either way, you still have the option to make your own, I recommend watching Nurdrage's videos on how to make some.

Introduction To Precious Metals : Silver & Gold

I love silver i do not buy gold cuz silver is more rare then gold and i believe that silver could go up to gold proce and your video is going to help people to buy silver and gold if people do not buy gold or silver they are going to be very poor and paper money is NOT REAL MONEY BUY GOLD AND SILVER IT IS REAL MONEY
 

.999 means 99.999% the Canadian maple leaf is .9999 which is even more pure, it is 99.9999%
actualy  silver can be diluted and drunk in water or breathed in by a nebulizer because it is one of the greatest killer of germs you can put in you body
It's easier to convert money to precious metals in the US than the UK, there is a higher premium in the UK. The cheapest I have seen right now is $4.56 over spot for a ounce of silver.
Silver will have to go up a lot before the loss is negated on old purchases.
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