Question to the math experts. | |
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Jugz User ID: 76649084 Canada 05/26/2019 02:15 AM Report Abusive Post Report Copyright Violation | 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? |
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Lance Roseman From BC User ID: 30616576 Canada 05/26/2019 03:01 PM Report Abusive Post Report Copyright Violation | 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. If you are not busy weaving your own magick, you are trapped in anothers spell. “It’s time you realized that you have something in you more powerful and miraculous than the things that affect you and make you dance like a puppet.” – Marcus Aurelius |
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Goliathus User ID: 76651449 Canada 05/26/2019 03:21 PM Report Abusive Post Report Copyright Violation | 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 |
Lance Roseman From BC User ID: 30616576 Canada 05/26/2019 03:50 PM Report Abusive Post Report Copyright Violation | Silver and Gold, are just an old school way of controlling the people. Quoting: Goliathus 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. 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. If you are not busy weaving your own magick, you are trapped in anothers spell. “It’s time you realized that you have something in you more powerful and miraculous than the things that affect you and make you dance like a puppet.” – Marcus Aurelius |
Anonymous Coward User ID: 20099604 United States 05/26/2019 04:05 PM Report Abusive Post Report Copyright Violation | Silver and Gold, are just an old school way of controlling the people. Quoting: Goliathus 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. 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. Exactly. |
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Anonymous Coward User ID: 76760905 United States 05/26/2019 10:49 PM Report Abusive Post Report Copyright Violation | 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. |