-->Ein Auszug aus Butlers aktuellem Kommentar (Link siehe unten):
"Let me explain again why there is more gold above ground than silver. I’m going to use round numbers compiled from a variety of sources, such as the US Geological Survey, the Silver Institute, The World Gold Council, and various recognized statistical services. Throughout history, there has been many times more silver extracted from the earth than gold. In fact, just about 8 times as much, or 40 billion ounces of silver compared to 5 billion ounces of gold. Interestingly, this historical rate of extraction continues to this day, as 7.5 times as much silver is currently mined than gold. So how can it be that silver is more rare, if we are taking amounts of silver from the earth that are 7 to 8 times the amounts of gold extracted?
The answer is in how we use gold and silver. Gold is used in a regal manner, for jewelry and investment, befitting its hundreds of dollars per ounce price tag over the past 25 years. Such a price tag assures it will not be squandered, but saved and revered. You don’t waste something that carries a $450/oz price tag. Silver, over that same period, has averaged a mere $5 per ounce. That assures that it’s used and consumed extensively in industry, especially considering its unique properties of being the best electrical conductor, heat conductor, reflector, photographic agent and health aid, among many other properties. Something this useful and cheap gets consumed extensively.
Gold we save or wear, silver we consume industrially. (We actually use much more silver than gold even in jewelry, but given the very high labor and fabrication component in silver jewelry, no reclamation is possible except at silver prices many times the current price. So even silver used in jewelry is effectively consumed). The numbers bear this out. Of the 5 billion ounces of gold mined throughout history, just about all of it is still around. Of the 40 billion ounces of silver produced, just about all of it has been consumed. If there were billions of ounces of silver around and ready to be dumped on the market, where is it? How would you hide billions of ounces of silver?"
<ul> ~ http://www.investmentrarities.com/09-20-05.html</ul>
|