I believe there is a chance that one day, in the not so distant future, this will occur. China will announce the actual amount of Gold and Silver the really have, and they will be No.2 after USA. This will be a news event that will cause everyone to wonder if they continue to put their money in 1% to 2% (even talk about negative interest rates starting in Europe) interest returns in the banks, or maybe they should follow the Chinese and US Governments and buy gold and silver also. I believe the governments will start to hoard the gold and silver, the dealers will also not sell, the prices go up sharply and we just sit back for a year or two as we watch which economy survives and becomes the new World Currency. Far too many wars going on around the world for me to think the economies of the world will all be friends and figure out a way out of the debts they have all created. It's a mess. That's what I think. If I'm wrong, no worries. If I'm right, also no worries, I'm covered in my opinion. 5 to 10% of everyone's net worth should be in physical metals, gold or silver, and not in a bank safety deposit box. Back to the topic, I maintain with 10K, more weight on silver than gold should be bought in my opinion.
It may have been said earlier, but in a SHTF scenario, silver will be a better means of barter. However, as a store of wealth, gold being more compact wins hands down. However, in a SHTF scenario, GSR drops significantly so your store of wealth may half with little means of barter. However, if you buy silver during a dip as GSR is on the increase, you would lose significant buying power. However, if your mother was born a man...
That's what the Silver Institute did, before 2013. Then they had "Coin & Medal" and no Bars, the latter were present under a category named "Implied Net Investment", but that figure represented everything they lacked data for, so the exact amount Bars could be different in any degree. Yet, as the 2013 released figures prove: apparently the Silver Institute DID have the data for the Bars, since the entire past decade now shows what they didn't show before. [OUTDATED] Coins & Medals [DEMAND] 1997 -30.4 1998 -27.8 1999 -29.1 2000 -32.1 2001 -30.5 2002 -31.6 2003 -35.7 2004 -42.4 2005 -40.0 2006 -39.8 2007 -39.7 2008 -65.3 2009 -78.8 2010 -99.4 2011 -118.3 2012 -92.7 2013 WE SCRAPPED THIS CATEGORY! [OUTDATED] Implied Net Disinvestment (positive means it's [SUPPLY], negative means it's [DEMAND]) (so positive means existing stock is sold, negative means silver is added to existing stocks) 1997 78.9 1998 45.2 1999 42.0 2000 87.1 2001 -11.4 2002 12.6 2003 7.8 2004 -5.4 2005 -63.1 2006 -39.5 2007 1.4 2008 -9.3 2009 -116.3 2010 -158.3 2011 -132.3 2012 -160.0 2013 WE SCRAPPED THIS CATEGORY! So basically, you can subtract the old Coin & Medal from the new Coins & Bars hereunder, and end up with Bar alone. Coins & Bars [DEMAND] 2004 -53.0 2005 -51.5 2006 -48.7 2007 -51.2 2008 -187.7 2009 -87.9 2010 -146.1 2011 -212.6 2012 -139.3 2013 -245.6 But I can't do it, my Windows Calculators batteries ran empty and my dog needs food!
Thanks Pirocco. Is the stats for "Implied Net Disinvestment" global and compiled based on the data provided by the mints producing and supplying the bars? I'm noticing 2 things that these stats reveal: 1) there's much greater volatility in the figures for "Implied Net Disinvestment" (bars) as compared to "coins and medals" and 2) in 2013 the demand jumped significantly which coincides with the record breaking sales for coins like ASE's and SML's (as just 2 examples). Could it be that the trend in physical silver purchases in very recent years is moving more from bars to coins? I'm trying to understand what these figures might mean for overall sentiment toward bars as compared to coins and medals. I wonder if less bars sold as a percentage of "coins and bars" could mean less fear of a SHTF scenario...or just that governments that produce the coins that are selling at a record pace are simply getting wiser and taking advantage of the demand and giving the mints permission to produce more coins. I'm not sure how to read this. Is there a graph for these figures or can anyone who knows how to graph create one? .
