Where Is the Silver?

Where Is the Silver? (Full Version)

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pahunkboy -> Where Is the Silver? (7/20/2010 2:46:16 PM)
http://seekingalpha.com/article/215450-where-is-the-silver?source=feed Known Above Ground Silver Holdings Form Ounces Silver ETF SLV 295,313,780 US Eagles Minted 240,418,077 COMEX Warehouses 114,102,049 Estimated Private Bullion (non eagles or maples) 120,000,000 Central Fund of Canada 75,209,103 LBMA Estimated stocks 75,000,000 Canadian Maples Minted 21,303,000 Silver ETF ZKB - SWISS 7,397,885 BMG Bullion Fund 5,033,609 Total 953,777,503

Termyn8or -> RE: Where Is the Silver? (7/20/2010 10:20:10 PM)
And this means what ? This is the deal with silver, in the not so distant future, manufacturing demand will most likely outstrip resources, which makes it a good buy. However I have caught wind of the fact that they are opening up some new mines. This may hamper the growth, but as I see it industry will just use more in the future after that anyway. It is actually better than gold as an investment for several reasons. I am not doing links anymore, so right now I wonder what all those meaningless numbers are. Tonnes, ounces ? Where, in Cleveland or the whole world ? Nonetheless numbers are not needed to support the extant fact I have asserted. Silver has alot of uses in industry, and as long as population grows, it will grow in value, save for excursions caused by the heavy betters. The heavy betters BTW are the ones who make gold not such a good investment. The complete explaination of why is beyond the scope of this text, and would get me again accused of being longwinded. T

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