Above ground Supply in Months –

1950 – 140 months supply
1970 – 70 months
1990 – 55 months
2010  -11 months
(700 million ounces of above ground silver ounces)

This translates to a 93% collapse in global inventory

Where Silver goes

Electronics
1999 100million oz
2011 250 million oz

Solar
1999 not reported
2010 75 million oz
2014 130million oz projected.

Investment
1986  10million oz
2010  35million oz

a new mine takes 10yrs from discovery to product an oz.

Nevada produced
1997 25 million oz
2010 7.3 million oz

COMEX trades of paper silver are 100 times physical silver
1bn oz per day traded in paper

So have you got yours yet?

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