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The Silver Market in 2013

- Jan Skoyles Real Asset Co - The Real Asset Co

Hey Glyn G:

I can't explain the grammar, but on the rarity issue I may be able to help.
According to this article, in terms of existing physical metal, there a 3 oz of silver for every 1 oz of gold, so nominally,
the simple answer is that silver is only one third as rare as gold, in physical quantity terms.

But there's a snag: according to the article, the silver to gold ratio as measured by price is 60 to 1, in price/value terms.

So, in terms of over all value, you would need 60 oz physical ounces of silver to match every physical ounce of gold in order to make all the silver on the planet
equal to the value of all the gold on the planet, right?

But we only have 3 ounces of silver for every one ounce of gold, not 60.

That means if you divide 3 by 60, you get 0.05!

So in terms of physical-value rarity, there is only 0.05 oz of silver for every 1 oz of gold, when value
is taken into account.

That's why the article claims silver is rarer than gold.

Clear as mud? You bet!

Commented 3983 days ago

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Beginning of the headline :Yesterday Thomson Reuters GFMS released their latest report on the silver market. We take a look at it and assess what it means for the silver price. There are several factors, some positive and others negative, that will affect the price of silver going forward. First up, let’s have the not-so-good news facing the silver price. In 2013, total supply of silver is expected to climb by around 0.7%, much of this is thanks to the 7% or 28 Moz (million ounce) increase in mine supply but offset by the... Read More

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