Ag significantly exceed supply." --
For 2005, the silverinstitute reports:
Mine supply was 641 million Ag ounces -
Government sales was 68 million Ag ounces -
Silver scrap was 187 million ounces -
Producer hedging was 15 million Ag ounces for a -
Total supply of 911 million Ag ounces -
Demand is as follows:
Industrial applications, 409 million Ag ounces -
Photography, 165 million Ag ounces -
Jewelry & Silverware, 250 million Ag ounces -
Coins & medals, 41 million Ag ounces -
Additional investment, only 47 million Ag ounces -
Mine supply is less than industrial demand -
The difference is mostly met through government sales
from India, and scrap recycling -
Scrap metal recovered was far greater -
than investment demand, and investment demand -
was a tiny 5% of the market in 2005 -
There was no investment demand for the ten years prior -
as investors were mostly selling -
Investor demand is really only just beginning -
Investors have tens of trillions worth of fiat
paper money -
about 100,000 times more than the size -
of the Silver market -
Even a tiny interest in Silver will cause -
the price to skyrocket -
http://www.silverinstitute.org/supply/index.php
LT Positive we'll Prosper with Silver -
FMNJ - with the large old Silver -
Inca Cerro Rico Mine - rich ore veins -
other future Silver mining companies -
will line up in front of FMNJ doors -
to get any opportunity to be in -
to an option to participate in an FMNJ joint venture -
to become a partner etc. -
FMNJ - FY2pennies fiats -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://tinyurl.com/y54k7r
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