To get a background on silver supply and demand figures that is credible, I would suggest that the article "The Silver Lining" June 2010, contained in the link below , is absolutely fundamental for your understanding of the silver market : http://www.zerohedge.com/article/eric-sprotts-double-barreled-silver-issue
Cool....it is exciting when they talk dirty about Silver that way.....especially when they were right in their June forcast...I hope they are right again. Based on their odd 680 million Silver above ground statement I should be set this decade with my 0.00000014% of this holding.....yeehaaa!!!! Go you good thing....
Really worth re-reading again ! Interestingly the GSR was 65.79 back then (1250/19) and now is 1410/29.28 = 48.15 !!! or comparatively gold has gained 12.35% (which is rather good in less than 6 months) and silver over 35% !!!
Geez you guys have to learn to think big for a change and long term im looking at tonnages of ag in the universe as a percent of the big bang if it was a given that our time travel issue was solved along with eternal life lolz . any updates on this matter ?
If everyone in the world had only 1oz each we would need 6.8billion ozs and not 680 million. Are you a hoarder of silver? Regards Errol43
I think you need to look at the statement again......If there is only 680 million ounces around, and the world wants 6.8 billion ounces, the price will rise..... 0.00000147059 X 680 million = my share.......I have real Silver.... :cool
