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Monday, February 18, 2013 2:09:35 PM
A reasonable estimate is that roughly 1 billion ounces of silver currently exists above ground in investment grade form.
This does not include the ounces of silver that need to assayed, melted, and recovered from what little silver is left in jewelry, silverware or sequestered away in electronics."
6 Billion people in the world and only 1 billion ozs above ground in investment form? That's 1/6 oz or 5 grams per person in the world. 5 grams. 100 ozs is destroyed every time a smart bomb goes off. Silver in solar panes won't be recoverable as is 99.99% of all smart phones. Seems like silver is more scarce than you care to admit.
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