silver gold prices


0
Share via
1 share
silver gold prices
Advertise on WUPPLES┬« ­čÉĚ (50% off...don't miss this!)

WUPPLES® Invest

Advertise Here

Make ­čĺ░ on YouTube? (ends soon) Subscribe & learn how ­čĺŞ

With the price of gold hovering near 67 times the price of silver, a logical deduction must be that silver is much more abundant, and easy to acquire than silver. To the contrary, evidence proves otherwise. In fact there is very little silver to be found anywhere.

Known Above Ground Silver Holdings in Ounces

Silver ETF SLV 295,313,780

US Eagles Minted 240,418,077

COMEX Warehouses 114,102,049

Estimated Private Bullion (non eagles or maples) 120,000,000

Central Fund of Canada 75,209,103

LBMA Estimated stocks 75,000,000

Canadian Maples Minted 21,303,000

Silver ETF ZKB – SWISS 7,397,885

BMG Bullion Fund 5,033,609

Total 953,777,503

There is nearly twice as much gold as there is silver in the form of investment grade above ground bullion and coins, and that ignores that fact that 52 percent of the worlds gold is kept in jewelry. While there is an 953 million ounces of above ground silver, there is an estimated 1,803 million ounces of above ground gold in bullion form.

It is important to note a few structural differences in the holdings of gold and silver as well. Approximately half of the above ground gold bullion is held by governments. There are no known silver reserves held by governments. While governments have historically sold their gold to finance their budgets and keep the gold price contained there is no similar readily available entity that could sell silver bullion. Precious metals investors often hold onto their precious metals for time periods measured in years, decades, and lifetimes. Most private investors will not sell their bullion for a 10 percent or possibly even a 100 percent gain. Therefore, even if there are nearly 1 billion ounces of silver in existence, the question remains on how much of that is actually for sale at anywhere near today’s prices.

The implied dollar value of all the silver bullion is tiny compared to gold, or other assets. In fact, measured in dollar value, silver is 1/127th of gold. Many investment funds have more than the silver market of $16.88 billion however gold is more readily available to purchase in larger dollar amounts. Silver may be one of the most neglected and unloved assets of this century. Perhaps, the reason why silver is so cheap is ironically because it is too rare to be invested in by asset managers. Or is it?


Like it? Share with your friends!

0
Share via
1 share

What's Your Reaction?

cute cute
0
cute
damn damn
0
damn
adore adore
0
adore
scary scary
0
scary
vomit vomit
0
vomit
wtf wtf
0
wtf
cry cry
0
cry
laughcry laughcry
0
laughcry
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
Share via
close-link
Crypto Explained
Want to Learn More about Crypto? (we can help)
Bonus:  The Entrepreneurs Guide to Succeeding in the New World of Cryptocurrency ($197 value for FREE but only while they last!)
Get Started
COIN KUDU®
Influencer Marketing
Want to be an Influencer? (try Social Pilot for FREE)
Bonus:  Skyrocket Your Income and Maximize Exposure by becoming an Influencer ($197 value for FREE but only while they last!)
Get Started
COIN KUDU®
close-link
Top 10 Affiliate Programs
What are the Best Affiliate Programs? (here are the top 10)
Bonus:  Learn the Most Commonly Used Terminology in the Multi-Million Dollar Affiliate Industry ($197 value for FREE but only while they last!)
Get Started
COIN KUDU®
close-link
NFT Payday
Want to Learn More about NFTs? (we can help)
Bonus:  Discover How to Start Making Money with In-Demand NFTS Quickly & Easily ($197 value for FREE but only while they last!)
Get Started
COIN KUDU®
NFTs Explained
Want to Learn More about NFTs? (we can help)
Bonus:  Learn Everything You Need to Know about NFTs & How You can Get Started Today ($197 value for FREE but only while they last!)
Get Started
COIN KUDU®
Yield Farming
Want to Learn More about Yield Farming? (we can help)
Bonus:  Learn Everything You Need to Know to Make Money in the Exciting World of Yield Farming ($197 value for FREE but only while they last!)
Get Started
COIN KUDU®
Play-to-Earn Gaming
Want to Learn More about Play-to-Earn Gaming? (we can help)
Bonus:  Discover how You can Quickly Earn Money Playing Fun & Easy Blockchain Games ($197 value for FREE but only while they last!)
Get Started
COIN KUDU®
Blockchain for Business
Want to Learn More about Blockchain? (we can help)
Bonus:  Discover the Many Ways Your Business could Benefit from the Power of Blockchain ($197 value for FREE but only while they last!)
Get Started
COIN KUDU®
DeFi Explained
Want to Learn More about DeFi? (we can help)
Bonus:  Discover the True Power of Defi & How it could Transform the Future of Your Business ($197 value for FREE but only while they last!)
Get Started
COIN KUDU®
­čÉĚ WUPPLES┬« Invest
Shop Now
close-image
close-image