Hi David Z. (silverinscripture.com),
Thanks for the reply, your encouragement, your time, your past & ongoing efforts (which I stand upon), and your reservations. Hope you don't mind, I have cc'ed our discussion to the other 2 giant writers about silver (I don't have Butler's email address). And I will post my reply portion only publicly.
First of all, I am not saying silver is 5x more rare than gold. I was careful to point out that is is only 1/4 as rare (above ground), and to point out that I agree with your findings (for the most part).
What I am saying is that in terms of silver that can come to market at current prices, there is probably less silver than gold, and so thus silver coming to market now is stolen silver (allegedly from the paper silver owners).
And I am saying that up to about 5 - 10 times higher prices, the amount of silver that can come to market is in the same ball park as gold (let's not forget that gold is tightly held also).
I am indeed relying on CRA's price floors, which I assume they did some scientific study (e.g. perhaps they surveyed the various economic incentives of the various different forms that silver is held). And also I am assuming that the only thing that has changed since 1991 relative to that study's assumptions is inflation. Obviously people may be more desperate now, but that could actually cause them to buy more silverware (not less).
Nevertheless, we have so much negative information counter-flow against silver, why not paint the official data in the best possible light?
After all, we know silver is at least a 10 bagger from here (and possibly a hockey stick moonshoot chart, like the current cardiograms of the various interbank lending rates). Are people going to complain about that?
All the best,
Shelby |
