tobey bilek Posted April 29, 2011 Share #1 Â Posted April 29, 2011 Advertisement (gone after registration) I was watching the board at Fidelity today and silver was approaching $49 an oz. Previously it was in $14 range. Â My investment letter told me in February to buy silver as it was undervalued compared to gold and there is an normal correlation. Â I hope the film producers do not use this as an excuse to jack up film prices more than silver cost. Link to post Share on other sites More sharing options...
Advertisement Posted April 29, 2011 Posted April 29, 2011 Hi tobey bilek, Take a look here price of silver. I'm sure you'll find what you were looking for!
adan Posted April 29, 2011 Share #2  Posted April 29, 2011 Oh, tobey - are you pulling the wings off the film users again?  Per this document, the average silver content in a roll of film (24 exposure) is 0.25 grams - so maybe 0.4 gram per 36 exposure roll. Not much difference between B&W and color, it seems.  http://pubs.usgs.gov/circ/c1196n/c1196n.pdf  So, juggling ounces and grams, that works out to 0.014 ounces per roll (or 71 rolls per ounce)  A round estimate would be that every dollar increase in the price of silver (per ounce) will result in a 1.4¢ (US) increase in the cost of a roll of film (36 x 35mm, or 120)  So going from $14 an ounce to $50 an ounce, film price per generic roll should go up ~50¢.  (BTW - "Previously...etc." - silver was last at $14 per ounce in 2009, so you've been out of touch for a couple of years: http://en.wikipedia.org/wiki/Silver_as_an_investment . Additionally, silver is way above its traditional 20th century ratio (1:47) with gold, so speculatively overpriced ~40% even with gold at $1510 per ounce)  More complex economics would suggest that the 50-cent price increase might result in lower sales volumes, and that fixed (factory, labor) prices being distributed across fewer rolls might add its own extra cost per roll. But probably (he rolls the dice) not more than 10% of the silver effect - another penny per roll per $7 increase in silver ounce.  Given that there is also price "noise" from increased transport costs (fuel) - I suspect committed film users will take it in stride.  (And before some else brings it up - rising commodity prices (gold, silver, oil) will likely result in increased digital camera prices at some point, also. Some circuits and contacts use silver and gold) Link to post Share on other sites More sharing options...
tobey bilek Posted April 30, 2011 Author Share #3 Â Posted April 30, 2011 Wait and see. Â Same thing happened when the Hunt Bros tried cornering the silver market in the 80`s. Price of silver fell, but price of film and paper stayed up. Â History always repeats. Â And yes I understand there is but a small amount of silver, but everyone who handles the product will raise the price way out of proportion because "the price of silver is up you know". Â I will be ordering some soon. Link to post Share on other sites More sharing options...
AlanG Posted April 30, 2011 Share #4  Posted April 30, 2011 Wait and see. Same thing happened when the Hunt Bros tried cornering the silver market in the 80`s. Price of silver fell, but price of film and paper stayed up.  History always repeats.  And yes I understand there is but a small amount of silver, but everyone who handles the product will raise the price way out of proportion because "the price of silver is up you know".  I will be ordering some soon.  Sometimes manufacturers can pass on price increases and sometimes they can't. Link to post Share on other sites More sharing options...
christer Posted April 30, 2011 Share #5  Posted April 30, 2011 ........ My investment letter told me...........  In Greed we trust. Link to post Share on other sites More sharing options...
Xmas Posted April 30, 2011 Share #6  Posted April 30, 2011 Hi  Last year sub primes were a good investment as well, apparently a fault in their economic modelling software. Empires dont last as long as expected, e.g. Adolph's 1000 year one. But the real question is when can we have a low light sensor with more dynamic range than XP2. It is too easy for me to burn XP2... I cannot use digital until then.  Toby where are you...  Noel Link to post Share on other sites More sharing options...
andybarton Posted April 30, 2011 Share #7 Â Posted April 30, 2011 Advertisement (gone after registration) Tri-X. Link to post Share on other sites More sharing options...
dewittehd Posted April 30, 2011 Share #8 Â Posted April 30, 2011 I got emails from two suppliers quoting price increases for film and paper of 18%. Jean Link to post Share on other sites More sharing options...
adan Posted May 4, 2011 Share #9 Â Posted May 4, 2011 BTW - as of May, 4, 2011, silver is back down to $39.05 per oz. Â CNBC analysis today says the speculators are dumping their "long" positions. Interestingly, in discussing the industrial effects of higher silver prices, none of their analysts mentioned "photography." All the talk was about cell-phone manufacturing (cell phones containing about as much silver as a 24-exp. roll of film - 0.3g) and photovoltaics (which is more silver-dependent). Link to post Share on other sites More sharing options...
plasticman Posted May 8, 2011 Share #10 Â Posted May 8, 2011 My investment letter told me in February to buy silver as it was undervalued compared to gold and there is an normal correlation. Â How's this working out for you? Â Silver's Brutal Collapse Hammers Traders and Solo Investors - WSJ.com Link to post Share on other sites More sharing options...
Stealth3kpl Posted May 8, 2011 Share #11 Â Posted May 8, 2011 Luckily my only silver investment is in Portra 400 and Ektar 100. Pete Link to post Share on other sites More sharing options...
adan Posted May 8, 2011 Share #12 Â Posted May 8, 2011 I do love the WSJ - my own headline would be "Receding Silver Prices Welcomed by Anyone Not a Speculative Crook." Link to post Share on other sites More sharing options...
Xmas Posted May 8, 2011 Share #13 Â Posted May 8, 2011 I do love the WSJ - my own headline would be "Receding Silver Prices Welcomed by Anyone Not a Speculative Crook." Â Hammers is the normal stock market floor trading term, would you sell a duck on a rainy day? Â Noel Link to post Share on other sites More sharing options...
stunsworth Posted May 8, 2011 Share #14 Â Posted May 8, 2011 ...would you sell a duck on a rainy day? Â Depends on how it's been cooked. Confit de Canard - with crispy skin - is my favourite. Link to post Share on other sites More sharing options...
Xmas Posted May 9, 2011 Share #15  Posted May 9, 2011 Depends on how it's been cooked. Confit de Canard - with crispy skin - is my favourite.  Hi Steve  You are bad I've checked the fridge and there is no duck, some film...  Noel Link to post Share on other sites More sharing options...
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