Saturday, March 2, 2013

Silver – Visualized in Bullion Bars


This infographic shows all the Silver ever mined throughout history.

Silver price is currently hovering around $30 / troy oz.
When Silver price hits $31.10 / troy oz each gram of Silver will be exactly $1.
Silver is usually measured in Troy Ounces. A Troy Ounce is about 1.09 regular Ounces.

Silver – Size Chart
This is a chart of standard Silver bullion size comparison.
The silver bars are measured by Silver volume & weight of
10.49 g/cm−3 in typical Silver Bar Dimensions.

1 Ton of Silver = $1 Million @ $31.10 / Troy oz
Silver price is hovering around $30/ troy oz, once Silver hits $31.10 / troy oz, Silver will cost exactly $1/gram, at that point the 1 Ton of Silver displayed above will be worth exactly $1 Million Dollars
Silver is not purposely mined, 80% of new Silver production is a by-product of Gold or Copper mining, this is due to Silver’s recent low value compared to other metals.
Silver has the best electrical conductivity of any element and highest thermal conductivity of any metal.

1 Ton of Silver
10 Tonnes of Silver
100 Tonnes of Silver
1000 Tonnes of Silver

The 1 ton of silver is worth $1 million dollars at $31.10 / troy oz.

While there are significant Silver reserves underground, due to the low prices they are not being mined. Silver has run a 63 year long supply/demand deficit as of year-end 2004, this is mainly
due to Silver getting lost and industrial production demand, including x-rays, photography, mirrors, electrical and electronic products.

This amounts to a deficit of 331.46 Tonnes since 1942. Source

BMG Bullion Fund
Silver ETF ZKB
Canadian Maples Minted
LBMA Estimated stocks
Central Fund of Canada
Estimated Private Bullion
COMEX Warehouses
US Eagles Minted
Silver ETF SLV 156.5 Tonnes
230.0 Tonnes
662.5 Tonnes
2332.7 Tonnes
2339.2 Tonnes
3732.4 Tonnes
3548.9 Tonnes
7477.8 Tonnes
9185.2 Tonnes

All Silver Mined in History – 1,411,475 T

The historical cumulative Gold to Silver production ratio is 1:10.7. Source
The price ratio of Silver to Gold is currently around 1:50.

A thorough analysis of world Silver supply and demand, and the source of the data above can be found here: Article 1, Article 2, Article 3

Sheikh Imran Hosein - The International Monetary System & The Future Of Money

Sheikh Imran Hosein - Oil for Gold

Mike Maloney - Hidden Secrets of Money - Currency Vs Money

From whygoldandsilver

The Crossroads of Humanity

From TruthNeverTold

Weekend Chillout - Walking Away

It seems the fallout from Britain's rating credit downgrade continues with another plunge in the GBP overnight on weaker manufacturing data. It seems the market's slow walking away from the UK's bonds and currency is turning into a run. I suspect George Soros and similar hedge fund managers will be seeing blood in the water for the GBP and will short it even more than they probably already doing.

Pound Crashes on shrinking manufacturing data


Original source

The pound weakened through $1.50 for the first time since since July 2010 after an industry report showed U.K. manufacturing unexpectedly shrank in February.

Sterling dropped for the third time in four days versus the euro as the Bank of England said mortgage approvals declined in January, signaling the housing market is struggling to recover. The pound has dropped the most of any major currency this year as speculation the central bank will need to add more monetary support to the faltering economy damped demand. U.K. government bonds rose, with 10-year yields set for their biggest weekly drop since November 2011.

“The data was supposed to be good and it came out negative so that has taken the rug out from under sterling’s feet,” said Jane Foley, a senior foreign-exchange strategist at Rabobank International in London. “There is an array of negative fundamentals for the U.K., so it’s very difficult to see silver linings. I think sterling will be weak all year.”

The pound dropped 1 percent to $1.5018 at 4:40 p.m. London time after sliding to $1.4986, the lowest since July 13, 2010. The U.K. currency depreciated 0.4 percent to 86.43 pence per euro. It reached 88.15 pence on Feb. 25, the weakest level since Oct. 28, 2011. The pound has depreciated 5.5 percent this year, the worst performer among 10 developed-market currencies tracked by Bloomberg Correlation-Weighted Indexes.

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