The price of gold hovers around 67 times the price of silver, so there should be a logical deduction that the amount of silver is much higher than that of silver, and it is easy to get. On the contrary, the evidence is different. In fact, there is very little silver anywhere.
Ground Silver Holdings in Ounces is known
Silver ETF SLV 295,313,780
The US Eagles minted 240,418,077
Comics Warehouse 114,102,049
Expected private bullion (non-eagle or maple) 120,000,000
Central Fund of Canada 75,209,103
LBMA’s estimated stock is 75,000,000
Canadian maple made 21,303,000 mints
Silver ETF ZKB – SWISS 7,397,885
BMG Bullion Fund 5,033,609
The investment on the ground bullion and coins is almost twice as much as silver in the form of investment grades, ignoring the fact that 52% of the world’s gold is kept in jewelry. While groundwater is 953 million ounces, ground gold is estimated to be worth more than 1,803 million ounces in the form of billions.
It is also important to note some structural differences in the conduct of gold and silver. Governments own about half the gold bullion of the land mentioned above. Governments do not have known silver reserves. Although governments have historically sold their gold to finance their budgets and maintain the price of gold, there is no one so readily available that can sell a silver bullion. Investors in precious metals often hold on to their precious metals for a period of years, decades, and a lifetime. Most private investors will not sell their billion at 10% or possibly 100% profit. So, even if there are about 1 billion ounces of silver, the question remains as to how much of it is actually sold anywhere near today’s prices.
The movable dollar value of all silver bullion is much lower than that of gold, or other assets. In fact, measured in dollars, silver is 1/127th of gold. Many investment funds have more than the مارکیٹ 16.88 billion silver market, but large amounts of gold are readily available for purchase in large quantities. Silver may be the most neglected and undisputed asset of this century. Probably a factor as to why they’re doing so poorly is because of the low cost of investing through asset managers. Or is it?