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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: Aloysius Q. Finnegan who wrote (3151)	12/16/2000 11:28:53 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 8010

Poque Mahone, The production ratio is also right in the middle at 7:1-8:1 (gold 80 tons, silver 550 tons or so). I don't know what it will take for the price ratios to get closer to these numbers.

To: Aloysius Q. Finnegan who wrote (3151)	12/17/2000 2:32:46 AM
From: goldsheet	Respond to of 8010

> Estimates of the present world gold stock range from 3.2 billion to 3.5 billion ounces That is old and low. USGS had 135,000 mt (4.3 billion ounces) several years ago. > The CRA estimate of world silver production since 4000 BC of 37.45 billion ounces I went through the Silver Institute history and came up with something in the mid 40s. Ancient production was about 2.5B, New World (1500-1800) was another 2.5B, another 4 billion for 1800-1875, 3B from 1875-1900 (Comstock lode), 4B from 1900-1920, then a ramp from 190moz/yr to 550moz/year which probably was good for a total of 30B. What's that 46 billion ?? My guess of 50-60B was a little high but not bad for off the top of my head <g>