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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 
Commentary Of The Month
March 30, 2011
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FUTURE SILVER INDUSTRIAL DEMAND

An analysis for Gold Fields Mineral Services (GFMS) was reported by the Silver Institute as follows:

“Between 2010 and 2015, GFMS expects to see close to 180 Moz. added to the global total of world silver industrial fabrication.

“In the report, GFMS noted that cell phones used 13 million ounces of silver last year, while computers consumed 22 million ounces.  Thick film PV consumed a whopping 47 million silver ounces in 2010, followed by automobiles which used 36 million ounces of silver.

“Silver is considered one of the best electrical and thermal conduits, which makes it the metal of choice for a variety of electrical end-uses, including switches and contacts.

“The use of silver in the electrical industry is widespread, observed GFMS, ‘contributing the largest share to global silver industrial fabrication.’  Electrical and electronics demand for silver reached an all-time high of 242.9 million ounces last year.

“Silver conductive inks are used in the area of printed electronics, while silver is also used as coating material for optical data storage media, including DVDs.

“’The rise in solar power is arguably the most significant development for silver demand in recent years.’ GFMS asserted.  ‘This year, demand is expected to reach nearly 70 million ounces, an increase of around 40% year-on-year.’

“Meanwhile, batteries are increasingly manufactured with silver alloys as the cathode.

“Usually in the form of mesh screens or crystals, silver is employed as a catalyst in numerous chemical reactions, such as the manufacturing  of formaldehyde, a chemical used in the manufacture of other organics, chemicals and plastics.  ‘The use of silver in the ethylene oxide (EO) industry has arguably been one of the unsung success stories of the silver market over the past two to three decades,’ GFMS observed.

“The joining of materials through the process of brazing is enhanced by silver’ fluidity and strength.  Silver brazing alloys are widely used in applications ranging from air conditioning and refrigeration equipment to power distribution devices in the electrical engineering and automobile industries.

“’As noted earlier, total industrial fabrication is forecast to rise 37% and there are no obvious reasons as to why brazing alloy and solder (BA&S) demand should behave different,’ GFMS said.  The metals analyst suggested BA&S demand will ‘shrug off the ongoing challenges posed by substitution to base metals and the adoption of techniques that use no BA&S.’

“In their analysis, GFMS discussed what they termed ‘novel and new industrial uses of silver,’ such as solid-state lighting, RFID tags and super- capacitors.

“Although the use of RFIC tags is forecast to undergo tremendous growth, silver global demand for this application was estimated at one million to two million ounces last year.

“Supercapacitors – devices that store and release energy indefinitely with no loss of performance – ‘offer a potential growth area for silver, where printed silver can be used as an electrode,’ according to GFMS.

“Nanosilver is attracting growing interest from both industry and policy makers. Examples of silver products and applications using nanosilver include silver algaecides, silver impregnated water filters, pigments, photographics, wound treatment, conductive/antistatic composites and catalysts.  Now producers include nanosilver in textiles, coatings, plastics and medical articles and devices.

“Silver’s bactericidal properties are achieving success in water purification applications, as well as medical uses.

“Silver is often used in wound treatments, dressings, powders and creams, which make use of its antimicrobial actions against yeasts, molds and bacteria.  The precious metals can also be used in catheters, as well as medical implantation devices such as prosthetic heart valves and vascular grafts, the report noted.

“Michael DiRienzo, executive director of the Silver Institute, said the GFMS report ‘demonstrates how buoyant silver industrial demand is, not only because of the lack of substitution, but also because of the wide range of established and growing new uses that make up industrial demand.”