View full page at metalsmine.com

 

How Much Silver is in the World?

From sdbullion.com

{video}What you are looking at, is just a small sliver, or a single warehouse isle within a bonded non-bank silver bullion depository. One that is likely located on the east coast of the United States of America, perhaps still operating within the COMEX fractional reserve silver warehouse network. This image was taken in the year 1995 and it is courtesy of the CPM Group. In the image, one can eyeball estimate just under about 2 million ounces of silver. The price of 1995 silver fluctuated from a low of around $4.30 oz to a high of $6 fiat Federal Reserve notes and 10¢ cupronickel cents. Within this high ceiling ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis