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Where Is the Silver? - 7/20/2010 2:46:16 PM

pahunkboy

Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
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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

< Message edited by pahunkboy -- 7/20/2010 2:47:47 PM >

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RE: Where Is the Silver? - 7/20/2010 10:20:10 PM

Termyn8or

Posts: 18681
Joined: 11/12/2005
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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

(in reply to pahunkboy)

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