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Question to the math experts.

 
silverbird
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05/26/2019 12:20 AM
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Question to the math experts.
If there is 900 million ounces of silver in the total us reserves how many months would it take for 300 million people buying 1 ounce of silver a month to clean out the total us reserves. [ poof no more silver]
silverbird  (OP)

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05/26/2019 12:21 AM
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Re: Question to the math experts.
Thank would shake up the banking world a little wouldn’t you think.
Anonymous Coward
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05/26/2019 12:28 AM
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Re: Question to the math experts.
Divide by half.... so 150 million people that may do this because liberals are BROKE.


Then some more factors of Americans being lazy, I say about 2,000 more than the typical collectors now would do it.
Anonymous Coward
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05/26/2019 12:29 AM
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Re: Question to the math experts.
And then, the gov't will try to seize the PM's again.
Anonymous Coward
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05/26/2019 12:29 AM
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Re: Question to the math experts.
No enough to payoff your 22trillion Debt

yoda
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05/26/2019 12:34 AM
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Re: Question to the math experts.
E=pi(r)squared
The chariots of God are tens of thousands, and thousands of thousands.
silverbird  (OP)

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05/26/2019 12:34 AM
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Re: Question to the math experts.
What would that do to the price of silver?
Anonymous Coward
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05/26/2019 12:35 AM
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Re: Question to the math experts.
Sorry, I had to.

Thread: Question to the meth experts.
Anonymous Coward
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05/26/2019 12:36 AM
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Re: Question to the math experts.
What would that do to the price of silver?
 Quoting: silverbird


it will rocket past moons orbit and you be kazillionaire over night.

spock
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05/26/2019 01:05 AM
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Re: Question to the math experts.
Factor in that it’s anywhere from 0.999 to 0.9999 pure. At those volumes it will make a difference.
Anonymous Coward
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05/26/2019 01:31 AM
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Re: Question to the math experts.
until a rest happens that price will not go up much it may go down its what the banks want.
Jugz

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05/26/2019 02:15 AM

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Re: Question to the math experts.
If there is 900 million ounces of silver in the total us reserves how many months would it take for 300 million people buying 1 ounce of silver a month to clean out the total us reserves. [ poof no more silver]
 Quoting: silverbird



So 300 million people buy 1 ounce of silver a month? Or did you mean 300 million people buying 1 ounce each per month?
CK Dexter Haven

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05/26/2019 02:18 AM

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Re: Question to the math experts.
tree
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05/26/2019 02:21 AM
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Re: Question to the math experts.
 Quoting: Anonymous Coward 74640972


That thread has more views than this one. Not by much, but it does.
Lady kaka
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05/26/2019 03:31 AM
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Re: Question to the math experts.
Anonymous Coward
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05/26/2019 01:41 PM
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Re: Question to the math experts.
 Quoting: Anonymous Coward 74640972


rockon
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05/26/2019 02:35 PM
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Re: Question to the math experts.
trifecta
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05/26/2019 02:49 PM
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Re: Question to the math experts.
bump
Anonymous Coward
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05/26/2019 02:55 PM
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Re: Question to the math experts.
886
Lance Roseman From BC

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05/26/2019 03:01 PM

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Re: Question to the math experts.
FRom the mouths of 'very concerned' environmentalists who happen to know a bit about metals...the price of silver has to be $1200.00 an ounce to make it worth recovering from an average cellphone. Since primary silver miners are not spending extra money on looking for new resources due to the ever increasing cost of mining silver...this seems reasonable.
You can solve all the world's problems in a garden. - Geoff Lawton

The Great Awakening is colour blind and shall NOT be Localized...lance

"If you are thinking 1 year ahead, plant seeds If you are thinking 10 years ahead, plant a tree If you are thinking 100 years ahead, educate the people." -- Chinese Emperor Kuan Tsu, 5th century BC

A Palette is a terrible thing to waste...Lance
Geraldgar

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05/26/2019 03:09 PM

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Re: Question to the math experts.
3 months
Anonymous Coward
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05/26/2019 03:19 PM
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Re: Question to the math experts.
900/300=3

pick
Goliathus

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05/26/2019 03:21 PM
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Re: Question to the math experts.
Silver and Gold, are just an old school way of controlling the people.

They updated it to legal tender money/coins.

Now we are at the electronic age.

Do you really think any of this holds any bearing?

I mean, seriously.
"We're not scaremongering, this is really happening." - Thom Yorke

"We are accidents waiting to happen." - Thom Yorke

"We are the Universe figuring itself out." - Me

"At this point the same could be said of our ability to put humans in space at all. We destroyed the technology about 6 years ago, so now we (as in the United States) no longer have the ability to put any humans in space. There are no working space shuttles, there is no working infrastructure with a functional vehicle capable of putting humans in space. Companies including SpaceX and Boeing are trying to restore that capability by inventing new technologies that are hopefully easier to reuse, but at the moment the United States is grounded and has been for 6 years now."

Quoting: The Gentle Astromut
Lance Roseman From BC

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05/26/2019 03:50 PM

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Re: Question to the math experts.
Silver and Gold, are just an old school way of controlling the people.

They updated it to legal tender money/coins.

Now we are at the electronic age.

Do you really think any of this holds any bearing?

I mean, seriously.
 Quoting: Goliathus


Power goes out, or in my case here...the ATM reader goes down. Nobody in the line up has a clue what to do so since I live in a small town...I reach in my pocket and pull out cash and give them all what they need. And they always pay me back. If you can not hold it you do not own it. The same goes for if you can not fix it, you do not own it. I guess these subtleties are out of your scope of thinking.
You can solve all the world's problems in a garden. - Geoff Lawton

The Great Awakening is colour blind and shall NOT be Localized...lance

"If you are thinking 1 year ahead, plant seeds If you are thinking 10 years ahead, plant a tree If you are thinking 100 years ahead, educate the people." -- Chinese Emperor Kuan Tsu, 5th century BC

A Palette is a terrible thing to waste...Lance
Anonymous Coward
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05/26/2019 04:05 PM
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Re: Question to the math experts.
Silver and Gold, are just an old school way of controlling the people.

They updated it to legal tender money/coins.

Now we are at the electronic age.

Do you really think any of this holds any bearing?

I mean, seriously.
 Quoting: Goliathus


Power goes out, or in my case here...the ATM reader goes down. Nobody in the line up has a clue what to do so since I live in a small town...I reach in my pocket and pull out cash and give them all what they need. And they always pay me back. If you can not hold it you do not own it. The same goes for if you can not fix it, you do not own it. I guess these subtleties are out of your scope of thinking.
 Quoting: Lance Roseman From BC


Exactly.
Anonymous Coward
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05/26/2019 05:42 PM
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Re: Question to the math experts.
tree
 Quoting: CK Dexter Haven


fiddy?

lol - jk
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05/26/2019 06:29 PM
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Re: Question to the math experts.
Thank would shake up the banking world a little wouldn’t you think.
 Quoting: silverbird


No. They simply wouldn't allow it to happen.
Anonymous Coward
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05/26/2019 10:32 PM
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Re: Question to the math experts.
bump
Anonymous Coward
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05/26/2019 10:49 PM
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Re: Question to the math experts.
If there is 900 million ounces of silver in the total us reserves how many months would it take for 300 million people buying 1 ounce of silver a month to clean out the total us reserves. [ poof no more silver]
 Quoting: silverbird


There is mine production during the same time frame. So you have to account for that. I think you mean like US Silver eagles because they are minted from US reserves. If that's what you meant they often stop selling for periods of time until they get more metal or balance things out.

So they would probably stop selling when they got below 500 million ounces in reserve.