All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: Terry Whitman who wrote (16964)	3/14/2000 8:34:00 AM
From: re3	of 42523

thats what you think <g> notes on silver from gold eagle... CAM seems to be off trying to re-attach the ark of the covenant to his PT Boat, so I'll do the honors. Check out silverinstitute.org 1998 #s in millions of oz: Supply Mine production...........545.5 Net official sector sales..52.5 Old silver scrap..........190.4 Hedging.....................5.1 Implied disinvestment......47.2 Total Supply..............840.6 Demand Industrial fabrication....323.7 Photography...............245.3 Jewelry/Silverware........244.4 Official Coins.............27.2 Total (Fabrication)Demand.840.6 A couple of points - Note that total fabrication exceeds mine production by 300 million oz! To balance the #s there is an implied DISINVESTMENT figure, official sector sales and old scrap. Scrap is a significant # & I believe it mostly represents photo recovery. If people ever stop disinvesting in silver and start investing, these #s just won't work at all.

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