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Gold/Mining/Energy : Silver prices

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To: goldsheet who wrote (3124)	12/16/2000 9:43:11 PM
From: Aloysius Q. Finnegan	Read Replies (2) of 8010

Just found the following in Blanchard's 'Silver Bonanza': "Estimates of the present world gold stock range from 3.2 billion to 3.5 billion ounces. Of all the gold mined, very little has been lost. ... The CRA estimate of world silver production since 4000 BC of 37.45 billion ounces offers a basis to estimate the physical, if not the market, gold-silver ratio. Assuming that very little gold has been lost, then all the gold humans have ever mined is about one tenth or one twelfth the weight of all the silver mined, a range of 10 to 1 to 12 to 1." " ... CRA estimates total world silver stocks still in existence to be 19 billion ounces. If the total world gold supply is 3.2 billion to 3.5 billion ounces, that makes the physical gold/silver ratio 5.95 to 1 to 5.44 to 1." Interesting.

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