Pacific Rim Mining V.PFG Message Board

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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: Claude Cormier who wrote (12257)	10/31/1999 11:10:00 PM
From: Bill Jackson	Read Replies (1) of 14627

Claude, I read about it when the hunts got wiped out. Apparently when silver got up high it started to pour out of India and the Arabs ran out of cash. if there have been 40,000 tons of gold produced in recorder history, at 100:1 then that is 4 million tons of silver = 96 billion ounces ? Out of all the gold ever mined, how much is in various vaults? 20,000 tons or so? I do not know where such a number can be verified from an unbiased source. I doubt even the Indian goverment know how much there is since the Indians are adaept at all aspect of tax evasion. Even so, let it be 5 billion ounces, still a lot of Ag..ravation to a rise in silver. Changing roles of women in India are leading to the breakdown of traditional roles and the sale of dower gold/silver/gems. India can become a net seller in any large price increase. How much silver did the Hunts buy up at the end? Bill

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