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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 05/14/2009 : 18:30:27
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Mints around the world almost doubled their silver coin production in the first quarter in response to a surge of investor interest in the metal.
It follows an extraordinary buying spree for coins and bars by investors last year that was accompanied by a record surge of inflows into silver exchange-traded funds.
It suggests that silver has benefited as much as gold from the trend by risk-averse investors to seek out havens following the September collapse of Lehman Brothers, according to GFMS, the consultancy, which on Wednesday released its Silver Survey 2009 in conjunction with the Silver Institute, the industry association. Read More You must be logged in to see this link.
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Think positive. |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 05/14/2009 : 22:41:08
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Bottom line there's less Silver available to purchase than Gold on the market today.
Hold Ag until this is reflected in the bullion market!!! |
There's profit if you melt things!!
8{> |
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keys
Penny Collector Member
383 Posts |
Posted - 05/16/2009 : 13:22:02
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Here is a silver question to ponder-
Suppose-
one out of six people in the whole world
decided they wanted to own one troy ounce of silver
had the money to buy one troy ounce of silver
and lived within easy travelling distance of a bullion dealer
Would there be one billion troy ounces of silver available to satisfy the demand?
(I do not know myself, that is why I am asking the question.)
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I change with the times-
but like silver coins found in your change
I stay the same.
*****************
The United States of America started out as the new Republic of Rome.
Will The United States of America end up as the New Imperial Rome? |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 05/16/2009 : 14:16:31
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quote:
Originally posted by keys
Here is a silver question to ponder-
Suppose-
one out of six people in the whole world
decided they wanted to own one troy ounce of silver
had the money to buy one troy ounce of silver
and lived within easy travelling distance of a bullion dealer
Would there be one billion troy ounces of silver available to satisfy the demand?
(I do not know myself, that is why I am asking the question.)
There are about 6,700,000,000 people in the world. It is estimated that world above ground supply of silver is about 900,000,000 troy ounces (Silver Institute), some estimates are even lower. In 1900, there were about 12,000,000,000 troy ounces available in the world above ground supply. If 1 out 6 people in the world wanted silver, there would be a little over a troy ounce available for each person.
However, how much silver is really available? Would you give your stash to these folks? Would industry stop dead and release its supply to anyone that wanted an ounce? Not Me !
So, if you use the Silver Institute's Implied Net Investment of 25,800,000 ounces, there's not much left  for those who want it, but don't have it.
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Mints around the world almost doubled their silver
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