We are not aware of any silver mutual fund since most silver is produced as a by-product of other metals such as copper.
One could argue that the democratic element of the resulting government was a by-product .
‘That is the by-product of greater economic confidence which results from the cuts,’ he said.
It certainly did not emerge as an inevitable by-product of individualism or the market.
Perhaps it was an inevitable by-product of the Bosman ruling, which allowed holders of EU passports to be treated the same as nationals.
zinc is a by-product of the glazing process
That dehumanisation is a by-product of the modern world - an effect to the modern world's cause - is a given.
One of the most significant is carbon dioxide, a by-product of burning fossil fuels such as oil, petrol and coal.
Ancient Greeks and Romans observed it in its potassium salt form as a by-product in the production of wine.
What's happening now is simply a by-product of the strategy's effectiveness.