- Apr 18, 2010
- Reaction score
It's been pointed out that the banks are now buyers of gold, yet everyone says Silver to da Moon.
Why aren't the banks buying silver?
because they are not as smart as us.............or they don't have storage space..............
It is estimated that throughout human history approximately 1.5 million tonnes of silver have been mined able to fit into a 52-meter cube. Unlike gold, which is almost all entirely with us still today, most silver has been used and thrown away without being recycled. Expert sliver researchers state that 90% of all silver mined has been lost to landfills. In other words roughly 5 billion ounces of silver remain of which only roughly 2 billion troy ounces remain in bullion form (just over 4% of all time mined silver).