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02:08 PM
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Silver Tards Have been lied To
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[quote:Anonymous Coward 1374380:MV8xNDc5NjA0XzI0Mzc4Nzg2X0Y5NURGMTVC] This number crunching is very interesting. As an example, if there is 30 billion ounces of silver above ground, and the average holding per person is 500 ounces, then that equates to 30,000,000,000 / 500 = 60,000,000 people (investors). As a percentage of the world's population that equates to 60,000,000 / 6,000,000,000 x 100% = 1% of the population. If the average holding is just a paltry 100 ounces, then just 5% of the population are holding silver. What is the other 95% of the population holding ? What is the net worth of the entire world ? Let's just take a look at the people first. I read yesterday (sorry too lazy to give you a source), that the EPA (US ?) valued a human life at $9.1 million. If this is true then the value of all people in the entire world is equivalent to 6,000,000,000 x 9,100,000 = $54,600,000,000,000,000. At the current price of $35US per ounce of silver the value of the above ground stock is 35 x 30,000,000,000 = $1,050,000,000,000 US. The percentage of the value of above ground silver to the value of everyone on the planet is: 1,050,000,000,000 / 54,600,000,000,000,000 x 100 = 0.0019%. Having now crunched the numbers, does it look like silver is undervalued at $35 per ounce ? [/quote]
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