Doubt about Silver and Gold oz per tonne scarcity. Very Important.

J

Jaderr

New Member
IN this link i can find a report, saying that it was found 7.4 kilograms of silver per ore in a top mines.
http://www.alexcoresource.com/s/news.asp?ReportID=723173

IN this one and other articles if found something around, 2 up to 5 grams per tonne gold percentage for ton of ore.
http://www.resourceinvestor.com/2011/10/11/how-evaluate-gold-deposit-comparing-two-deposits

So, is it silver really that scarce?
I mean i am also investing on silver, but all silver web sites seems so optimistic about the silver boom. And silver scarcity, and the fact that it will some day cause a major financial break down in paper assets, but is it really true? Or just some common sense story to improve silver average prices?
 
https://srsroccoreport.com/top-gold-miners-yields-fall-to-the-lowest-level-ever/

Gold is surely being depleted.
Conclusions:
Thats one of the reasons, central banks are stockpiling gold. Not silver.
Problem is gold has very small industrial usage, so its all there.

Good think is silver is almost always attached to gold.

Bad news is: There seems to be way more abundant silver oz per ton than gold per ton. Something around 100 to 1 ratio. it means price of silver is not so devaluated compared to gold.

Possibility Number One: Silver is more abundant but only in special located areas, gold is less abundant but its spread everywhere in even larger quantities.

Since earths melting time most of heavy metals went to the core together with iron. It means, most of our lead, gold and even silver, is a residue of meteorites.

Maybe silver for being less heavy didnt went down to the core as gold did. It means our silver now days is a residue from earths melting time, and also from meteorites. Thats good news for when asteroid mining happens, gold will be way more devaluated than silver. Because it will be more abundant.

I dont wanna trow a bucket of cold water here, because as i said im also a silver investor, but hey, if silver isnt scarce then it will not explode anytime soon.

Some oficial datas show silver mining reserves at 530k tons.
It means that at a 27900 tons beeing produced yearly we have 18 years of mining reserves discovered.
Counting the fact that human population will grow and silver usage will grow and mining production will follow that, i would say we have 10 years of silver reserves right now.
Counting the fact that just like oil, there might be some new reserves discoveries(that shall happen only some significant price increase) i would say we still have 20 years from now until silver gets depleted.
Counting 750k tons of silver in wolds physical stock, plus 530k in mining ground, we got 1.280.000 One million two hundred eighty tons of silver worldwide, divided by 8 billion (earth population) 160g per person. Thats pretty scarce but hey, are these numbers all truth?
 
I am sorry, but I disagree that Silver is more plentiful at the order of 100:1. In the 80s scientists already established that by the year 2000 or there about we will run low of silver. This is consistent with the reported falling ore grades in the mines which are on average 7.5 oz / tonne of the major silver miners as reported by SRSrocco. https://srsroccoreport.com/important-silver-key-factors-3-must-see-charts/

Generally agreed supply figures per year are:
1Billion oz Silver/year vs. 130Million oz Gold/year makes for a ratio of around 7.7

Generally agreed production figures per year are:
877Million oz Silver/year vs. 97Million oz. Gold/year makes for a ratio of around 9

So 100:1 ? From the report of ONE mine that found and developed a rarely rich deposit ?

At some point the true supply / demand picture will assert itself at which I would not want to be caught with my pants down not owning any PMs in particular silver.
 
Thank you guys, for argument against me. Thats ecxacly what i would like, specially with links.
Its kinda right, I think some silver mines still have strong ore veins, it makes it much easier and cheaper to mine. but it doesnt make it less scarce, soon these veins will be gone, and silver will become as hard as gold to mine, therefore going to the same price level.
 
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