/biz/ - Business & Finance

>>30178120

Anyone have thoughts regarding the total existing mined silver in all non-industrial forms? So bullion, coin, jewelry, and antiques/silverware all together?

This page breaks it down decently, and my reading of the pie chart arrives at about 900,000 metric tons of silver in bullion and otherwise economically recoverable form.

https://www.voimagold.com/insight/how-much-silver-is-above-ground

People like Chris Duane and other zealous silverbulls like to only point at existing bullion reserves when proclaiming a future 1:1 GSR, but that doesn't seem honest to me.

So if there are 900k tonnes of good silver above ground not used up in industry that is ~29 billion ounces, about 4.5x the amount of gold above ground. 1:1 seems pretty ridiculous but I could definitely see a 1:10-15 GSR one day.

Anyone have better or more trustworthy figures?

>>21367044

It's impossible to believe that the silver really is getting added into SLV. Watch those videos, look into the inflows. How can you add a month's worth of the annual silver supply in one day, at the same time that wholesalers can't get any silver bars? It's not possible. And the fact that J. P. Morgan won't give you a bar-list or let you verify that the silver is really there, or that they have been manipulating the silver market with fake contracts for ten years, or that SLV has a hidden clause allowing it to declare force majeure, simply corroborate this impossibility.

>>21296771

Sorry, I meant to say 100 million ounces, not 100,000. You can see that that is what I meant to say because 2 billion/20 = 100 million.

>>21275299

See >>21275174.

They dumped double the annual size of the entire global silver supply. Only one tenth of which annual supply is even used in investing in bullion. The COMEX may go bankrupt next month. Keep accumulating physical silver and miners.

>>21265704

Watch the video with Hemke to understand the fundamentals. To update what he says for September, there are 600 million silver ounces in open interests. (134,439 open interests x 5,000 oz.) We only produce 100 million silver ounces per annum for investment, and there are no stockpiles of silver to get the bullion from. They are completely finished.

https://www.youtube.com/watch?v=gkaMAaPRg0A

>>21252870

Dozens of interviews which Chris Marcus conducted, for his book "The Big Silver Short," with insiders in the silver and mining industry. They universally agree the volumes traded on SLV, as compared with the minuscule amount of above-ground silver, including both annual supply and that in stockpiles, imply that the Paper: Real ounce ratio has to be at least 500:1, if not higher.

https://www.youtube.com/watch?v=egD6yjimNno

>>21192397

>>The largest gains in physical silver during a bull run are NOT from mining.

This is demonstrably false. The average small-cap silver miner goes up 150x in a silver bull-market. The level of leverage which miners give to the metal is simply breathtaking. The reason being that these miners regularly produce hundreds of thousands of ounces.

>>You are acting like it is a strange thing for one of the largest banks in the world to have connections to where they can buy physical easily and in bulk.

Every single person who sells bullion can't get it. Every single person. Nobody testifies otherwise. That's why the premiums are so high. You have to pay $50 to buy an ounce of silver in England now. J. P. Morgan isn't some special exception to the rule. It is demonstrably impossible for them to get the inflows which are alleged to go into SLV. Nobody stockpiles silver, virtually all the supply that is annually mined goes into industry, and most of the mines have been shut down for most of this year. Meanwhile SLV is allegedly putting weeks' or months' worth of annual silver-mining supply into their stockpile every day. Which you can't audit or verify, or course, because there's no bar-list. Mean-while, it is demonstrable that J. P. Morgan has been manipulating the price of silver on the COMEX for eight years. >>21192212 Why on earth would you trust them?

>>21191451

Mined silver is extremely rare. Nobody stockpiles it, and almost all the annual mined supply is used up in industry. Only a minuscule fraction goes into bullion. Everybody in the PM industry agrees that the inflows into SLV are literally impossible. They say that there are 500 "owners" for each real ounce of metal, at a bare minimum. Chris Marcus found this while writing his book "The Big Silver Short." The alleged amount of silver simply does not and cannot exist. This is corroborated by the fact that SLV won't even give you a bar-list, and everything in it is completely unallocated.

>>21102575
>>21102680

The very website from which you took your picture points out that only a minuscule fraction of silver is used in bullion. Almost all the silver mined is used for jewellery or industry.

https://www.voimagold.com/insight/how-much-silver-is-above-ground