Silver Dollar Values Prices Will Be Skyrocketing In Price Because Of Huge Shortages Of Silver!

Feb. 16, 2011 - PRLog -- A climb in silver prices in futures trade and global markets is further fueling the up trend. Demand for silver is also driven by record auto sales, as the metal is utilized in electrical circuit and also battery manufacturing. Go to http://silverdollar.cc for more silver and gold tips.

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

"I think we will see future increases in gold prices," he stated. "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." CLICK HERE to check out Silver Dollar Values Silver Prices now! http://silver-dollar-values.com has all of the details for an intelligent investing choice.

He is expecting Nevada will continue to generate about 5 million ounces of gold per year.

Nevada mines are not running out of gold, even though production continued to drop last year as it has all through the decade. Mainly because of the high price of gold, mines are utilizing lower-grade ore to make the precious metal, said John Dobra, a University of Nevada, Reno business 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 newly released annual Major Mines report, observed that Nevada mines in 2009 generated mineral commodities worth $5.8 billion, a drop of $300 million from 2008.

Roughly $4.9 billion of the 2009 mineral value came from gold. Nevada mines created 5,033,000 ounces of gold throughout the year, down 12 percent from 2008.

Around 75 percent of the gold produced within the U.S. comes from Nevada mines. About 24 percent of the gold is located in underground mines, while the balance comes from strip mines.

Renewed risks of conflict on the Korean Peninsula and also the ongoing European debt issues are likely to stay in the top of the news once more next week. If so, this news will probably be supportive for gold and silver dollar values price increases.

Can that imply that the gold price is being set up for a severe spike, and that silver will not only follow but also outshine in these fireworks? Without having the capability to look under the hood of the silver marketplace - and also the suspicion is that the marketplace supply is nothing like what the marketplace supposes - we are still sitting in the dark. http://silver-dollar-values.com has all of the details for an investing decision.

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