Friday, August 20, 2010

SILVER BOOM ! Why Silver? Why Now? NIA Precious Metal Special Report

PRICE According to CPM
1900 the world was estimated to have 12 Billion Ounces
1990 fallen to 2.2 Billion ounces
2006 500 ounces
2009 300 ounces of available above ground silver

World Gold Council estimates about 5 B oz of above ground gold
1940 estimated 2 billion oz of above ground gold and silver was around 8-10 billion oz
world gold council has silver at 1 billion oz

U.S. Geological survey data indicates that below ground silver, in terms of supply/demand is LESS that any other industrial or precious metal.

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