Silver price increases will likely kill much of film industry

Discussion in '35mm Cameras' started by Rich, Mar 10, 2011.

  1. Rich

    Rich Guest

    There are some predicting it could hit $200/oz before the end of 2011
    due to a number of factors driving people and industries to it. At
    $60/oz, most photo products would likely cease to be produced. This
    is like what happened in 1979 when the two fat slobs from Texas tried
    to corner the market and silver hit $47.00/oz.
     
    Rich, Mar 10, 2011
    #1
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  2. Rich

    Savageduck Guest

    Didn't you do this "The sky is falling!" act to death on r.p.d. &
    r.p.d.slr-s just a few months ago, 1/08/2011, to be exact?
    Are you trolling in r.p.e.35mm now?

    It seems this piece of financial news is almost verbatim to your older bait.

    " From: RichA <>
    Newsgroups: rec.photo.digital.slr-systems,rec.photo.digital
    Subject: Will silver at $30/oz kill film?
    Date: Sat, 8 Jan 2011 18:57:32 -0800 (PST)

    Likely not, I remember when silver (thanks to a couple fat brothers in
    Texas) was $58 an oz in 1979, but the price now has got to mean film
    prices are going to rise."

    So, just rest your neck.
     
    Savageduck, Mar 10, 2011
    #2
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  3. Rich

    Noons Guest

    <yaaawn-wha-wot????>
    Yeah, right! Hohum, another "impending doom" post on film's imminent
    disappearance.
    Adn this one goes all the way back to 79, before the peak of film use!

    Must be hurting at the retail end of crap digital p&s sales, eh?
    Haven't you idiotic lot yet realized the problem with the bottom
    falling off your little racket is NOT the film users? And hasn't been
    for over a decade?

    <hrm-z-r-z-z-z-z>
     
    Noons, Mar 11, 2011
    #3
  4. Rich

    gamer_reg Guest

    People been predicting this for decades. Not just silver but oil,
    food, you name it!

    No, what will completely kill ANY industry is replacement. Not JUST
    high prices.
     
    gamer_reg, Mar 11, 2011
    #4
  5. Rich

    pbromaghin Guest

    Blah, blah, blah.

    This price runup will be followed by the inevitable, disastrously
    rapid crash. It's the classic fear and greed play in commodities.
    This post suggests the crash will come even sooner than I thought - as
    the crash approaches, the fear always gets pushed harder and harder by
    sellers who are running out of people to sell to.

    How much silver is even in that microscopically thin emulsion? I
    doubt it's more than enough to have only a small influence in the
    total manufacturing cost, which is itself only a small part of the
    purchase price. Film users who react to this by buying up film are
    just stupid.
     
    pbromaghin, Mar 11, 2011
    #5
  6. Rich

    Rich Guest

    I saw an old video for Kodak. It showed a train car, under guard,
    having trollies of siver bars off-loaded.
    But then film use was a bit more then than now.
     
    Rich, Mar 11, 2011
    #6
  7. You can look this stuff up (TM). These numbers are only for
    purposes of entertainment and as always, no wagering.

    Kodak gives an area of .619 square feet of film per 36-exposure
    roll of 35mm film. They also give figures for amount of silver
    per 1000 square feet. For example, Kodak Gold 400 has about
    24 troy ounces per 1000 square feet of film; other consumer films
    have less.

    So that means that each roll of film has about 0.015 troy ounces
    of silver in it. So at today's silver price of $36.00 per ounce,
    that works out to 0.54 USD silver per roll. At a mythical
    $200/ounce level, it would work out to 3 USD per roll.

    Sources:
    http://www.kodak.com/eknec/documents/f9/0900688a800f80f9/J210ENG.pdf
    http://www.kitco.com/kitco-gold-index.html

    This assumes the film buyer does not receive a credit for
    silver recovered in processing. In reality, silver-based
    photographic printing consumes more silver per shot than
    is used for the base stock.
     
    Michael Benveniste, Mar 11, 2011
    #7
  8. Rich

    Rich Guest

    Each .54 increase in cost means about $1.62 cost increase at retail.
    Lets hope silver doesn't go above $50/oz
     
    Rich, Mar 13, 2011
    #8
  9. You mean the 0.54 increase from $0.00/troy ounce? I don't think
    "free silver" means what you appear to think it means.
     
    Mike Benveniste, Mar 13, 2011
    #9
  10. Rich

    Noons Guest

    That defines to perfection the rip-off that film retailers have
    become.
    And NO, there are no "hidden" costs!
    Long live online film purchasing!
     
    Noons, Mar 14, 2011
    #10
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