Im not sure how accurate this chart or source is but it says that in the last 100yrs the production ratio of gold and silver has never been higher than 10.5:1 That is no more than 10.5 oz's of silver has been pulled out of the ground (on average) to 1 oz of gold :/ It is now sitting at 8.3 to 1, can any of our site sponsors post some current figures on how much fiat is being spent on both metals so we can get an idea of the ratio that people are buying GOLD v SILVER http://www.24hgold.com/english/news...128046G10020&redirect=false&contributor=Jesse
I think anyone betting on there being a resource depletion within the next few hundred years is going to have a rude awakening in a few years when they realize there is no shortage. Just like when everyone was 110% sure silver was going to the moon when it crashed @ 49.
support your words with hard evidence Here's what I think. even with the price of gold going up for 15 years, discoveries has gone steadily down ... OK! let's believe that one day all of a sudden they'll discover something really good that make gold cheap and everyday-billions-printed-fiat expensive
This same school of thought is what created the peak oil hysteria. As known supplies dwindle new technology will emerge that will allow us to find supplies that we couldn't with today's tech as well as few tech that will allow us to mine where we couldn't before.
As an aside I reckon a lot of those past discoveries were a result of the big Government funded Geoscience programs around the world (primarily western world) where they basically went around drilling everywhere to see what there was. Although a lot of really good information was gathered (some of which was very valuable) a lot has basically stagnated as many of the resources "discovered" weren't economically feasible to extract and have sat on the tenement maps for 30 years gathering dust.
