When the price of gold is 67 times higher than the price of gold, the rational reduction should be much more abundant and easier than silver. On the contrary, information proves otherwise. In fact, there is very little money available anywhere.
Familiar with above-ground silver holdings in the aisles
Silver ETV SVV 295,313,780
The U.S. Eagles cut 240,418,077
Comic warehouses 114,102,049
Estimated private bullion (non-eagle or maps) 120,000,000
Canadian Central Fund 75,209,103
LBMA estimated shares 75,000,000
The Canadian Maple dug 21,303,000
Silver ETF ZKB – Swiss 7,397,885
B.G.M. Billion Fund 5,033,609
It has more than twice the amount of gold invested in landfills and coins, ignoring 52% of the world’s gold in jewelry. While there are 953 million ounces of silver above the earth, an estimated 1,803 million ounces of gold is found on the earth.
It is important to note a few structural differences in gold and silver holdings. About half of the gold bullion mentioned above is owned by governments. There are no government-recognized silver deposits. Although governments have historically sold gold to cover their gold budgets and maintain gold prices, there is no such thing as an easy-going person to sell silver bullets. Precious Minerals Investors often hold their precious metals for years, decades, and lifetime. Most private investors do not sell their labor for 10 percent or perhaps even 100 percent profit. As a result, the question of whether it will be sold anywhere near the current price, even if it is still worth about 1 billion birr.
The value of all the silver billion dollars is very small compared to gold or other treasures. In fact, the dollar is 1/127th of gold. Many investments have a market value of over $ 16.88 billion, but gold is easily available for large dollars. Silver may be one of the most forgotten and beloved treasures of this century. Probably because silver is so cheap because it is so rare to invest in property managers. Or is it?