Gold production p.a. 80 million oz @ USD867 per oz = USD69 billion market
Silver production p.a. 600 million oz @ USD11.88 per oz = USD7.1 billion market
Platinum production p.a. 8 million oz @ USD1206 per oz = USD9.6 billion market
Bank of international settlement
Non gold precious metal derivatives (mainly silver) is USD190 billion (mainly held by JP Morgan)
Silver derivatives market/production real market = 190/7.1 = 25 times
Hmmm..... once the real truth is out, or the ponzi scheme unveil, I wonder what will happen to the price of Silver.
Historically Gold:Silver ratio is about 1:16
Today Gold:Silver ratio is 900:12 or is about 1:75 times
Hence silver price is out of whack. If it stays at the historical ratio, silver price will be about USD56 per oz, today is only USD12 per oz about 5 times to go. What happen if gold goes to USD2000 per oz, using the historical ratio, silver will be about USD125 per oz, i.e. about 10 times from today's price.
MyView
Even if the ratio is half of the historical ratio say 1:32, if gold goes to USD2000 in two years time, silver will be at least USD62.5 per oz, which is about 5 times to go.
Some of the silver stocks listed in NYSE is SLW & HL. Take a look, invest a little bit perhaps, it may suprise yourself.
Silver production p.a. 600 million oz @ USD11.88 per oz = USD7.1 billion market
Platinum production p.a. 8 million oz @ USD1206 per oz = USD9.6 billion market
Bank of international settlement
Non gold precious metal derivatives (mainly silver) is USD190 billion (mainly held by JP Morgan)
Silver derivatives market/production real market = 190/7.1 = 25 times
Hmmm..... once the real truth is out, or the ponzi scheme unveil, I wonder what will happen to the price of Silver.
Historically Gold:Silver ratio is about 1:16
Today Gold:Silver ratio is 900:12 or is about 1:75 times
Hence silver price is out of whack. If it stays at the historical ratio, silver price will be about USD56 per oz, today is only USD12 per oz about 5 times to go. What happen if gold goes to USD2000 per oz, using the historical ratio, silver will be about USD125 per oz, i.e. about 10 times from today's price.
MyView
Even if the ratio is half of the historical ratio say 1:32, if gold goes to USD2000 in two years time, silver will be at least USD62.5 per oz, which is about 5 times to go.
Some of the silver stocks listed in NYSE is SLW & HL. Take a look, invest a little bit perhaps, it may suprise yourself.
For those who likes gold perhaps Ivanhoe IVN will be interesting.
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