Silver Dollar Values Prices Soon Will Be Skyrocketing

Dec. 15, 2010 - PRLog -- A rise in silver prices in futures trade and global markets further fuelled the up trend. Demand for silver was also driven by record auto sales, as the metal is used in electrical circuit and battery manufacturing.  http://silver-dollar-values.com

The best is still ahead, predicted Alan Coyner, administrator of the Nevada Division of Minerals.

"I think we will see future increases in gold prices," he said. "As long as we have this tremendous debt load and a weak dollar, I think we will see strong gold prices. In times of economic crises, people tend to turn to gold." Visit http://silver-dollar-values.net for more tips.

He expects Nevada will continue to produce about 5 million ounces of gold per year.

Nevada mines aren't running out of gold, although production continued to drop last year as it has throughout the decade. Because of the high price of gold, mines are using lower-grade ore to produce the precious metal, said John Dobra, a University of Nevada, Reno economics professor.

"It's the economics of the situation," Dobra said. "They couldn't make money using lower grade ore before. So why waste it now? They are letting the higher grade ore sit there and instead taking the lower grade while prices are high."

The Nevada Division of Minerals, in its just-released annual Major Mines report, found that Nevada mines in 2009 produced mineral commodities worth $5.8 billion, a drop of $300 million from 2008.
About $4.9 billion of the 2009 mineral value came from gold. Nevada mines produced 5,033,000 ounces of gold during the year, down 12 percent from 2008.

About 75 percent of the gold produced in the U.S. comes from Nevada mines. About 24 percent of the gold is found in underground mines, while the rest comes from strip mines.

Renewed threats of conflict on the Korean Peninsula and the ongoing European debt problems are likely to remain in the top of the news again next week. If so, this news will be supportive for gold and silver dollar values.

Does that mean that the gold price is being set up for a serious spike, and that silver won't only follow but also outperform in these fireworks? With out the capability to look under the hood of the silver marketplace – and the suspicion is that the market supply is nothing like what the market supposes – we are still sitting in the dark. http://silver-dollar-values.com has all the details for an investing decision.

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