Silver – historical value, math, and long-term chart update as of May 30, 2016 | Silver Unboxing

Silver – historical value, math, and long-term chart update as of May 30, 2016

Silver – historical value, math, and long-term chart update as of May 30, 2016

“Physical silver is the bargain of a lifetime!” (WRM, Jan 2014):
https://www.moderncoinmart.com/forum/threads/fundamentals-and-the-quarterly-precious-metals-report.571/

David Morgan notes CPM Group “above ground”: 500 Moz in 2006, 2 Boz in 2016 “, in interview (@23:30):
https://www.moneymetals.com/podcasts/2016/05/20/run-to-gold-000869

Download GFMS “World Silver Survey 2016” here:
https://forms.thomsonreuters.com/gfms/

Revised Chart:
http://s46.photobucket.com/user/WRM2/media/DSCN4340_zpsrvbhyrac.jpg.html

Thanks for watching!

Mistakes/corrections:
1) Slide rule should be “multiply/divide” (not “add/subtract”).
2) In 2006, “half billion” (not million) ounces above ground.

Bill

SD Bullion

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3 Responses to Silver – historical value, math, and long-term chart update as of May 30, 2016

  1. Gullinkambi says:

    Awesome video, I’m not really all that for charts, but did enjoy seeing this come to an end
    5 stars

  2. cswann8 says:

    12:55 The reason why silver isn’t where you think it should be based on supply/demand fundamentals, is because the banking elite have pulled the most successful con in history and have the world believing their fiat currency is inherently valuable, thereby taking demand out of it altogether. Yes there is some industrial demand for silver, but its only used in small quantities.
    It will take nothing less than a total collapse of all the major fiat currencies to bring silver anywhere near it’s historic value which I estimate at about $1200/oz (average workmans wage ~$15/hour $15×8=$120 $120 is your .1 oz of silver 120×10=1200)