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 Replies: 65 / Views: 3,439 |
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Bedrock of the Community
United States
11880 Posts |
According to the U.S. Geological Survey (USGS) https://www.usgs.gov/faqs/how-much-...nd-world#faq 1,740,000 metric tons of silver has been discovered to date. The same agency also reports that about 244,000 metric tons of gold has been found to date (187,000 metric tons historically produced plus current underground reserves of 57,000 metric tons). Most of the silver comes from four countries: Mexico, China, Peru and Chile while gold has come mainly from just three countries: China, Australia, and South Africa. This means that the relative rarity of the two metals is that 7.13 oz of silver has been discovered for every 1 oz of gold. Substitute any unit of measure as you will. We can also say that gold is 7.13x rarer than silver. As I write this, the price of gold is $4,373.20 and the price of silver is $75.61. So the relative price ratio of the two metals is that the price of gold is 57.84x the price of silver. This has come down as the price of silver has risen to record levels recently. So we have a situation where there seems to be a wide discrepancy between the relative rarity and price differences in these two metals. It is my belief, and that of many others, that this gap will close further as industrial uses of silver expand. What are your thoughts on how this gap will fare in the next few years?  IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
12/30/2025 12:11 pm
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Bedrock of the Community
 United States
11880 Posts |
I hear very often that silver is not rare and can be found everywhere compared to gold. The data seems to contradict this. Does silver seem to be more abundant than it really is?
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Moderator
 United States
187499 Posts |
Interesting thoughts.   |
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Bedrock of the Community
United States
11880 Posts |
I remember this adage from early in my investment career: "The market can remain irrational longer than you can stay solvent." A good adage to remember in turbulent times.
One thought is about all the old timers who passed away in recent years waiting for this pop in silver without ever getting to see it. I can imagine the smiles they would have had in their faces.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
12/30/2025 12:34 pm
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Pillar of the Community
United States
1747 Posts |
I have stated in other threads that I don't think the gold / silver ratio matters. In my opinion, both will be going up over the next several years. I'd say 10K gold and 250 silver is very possible in the next several years.
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Moderator
United States
187499 Posts |
Quote:
I'd say 10K gold and 250 silver is very possible in the next several years. And the declining value of the USD with the assist.  |
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Valued Member
United States
311 Posts |
From AI.
Roughly 70-75% of annual mined silver comes as a byproduct of mining other metals, mainly copper, lead, zinc, and gold.
Only about 25-30% of mined silver comes from mines where silver is the primary revenue metal.
Edited by glenmorenee
12/30/2025 2:09 pm
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Pillar of the Community
Canada
2019 Posts |
Holding out for 20 to 1 at 10K gold = $500 silver. 7 to 1 at 10k gold = $1425 ish silver. Even better.
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Moderator
United States
187499 Posts |
Quote:
Roughly 70-75% of annual mined silver comes as a byproduct of mining other metals, mainly copper, lead, zinc, and gold. Queue the previously mentioned shortage of necessary refining chemicals.  |
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Moderator
United States
187499 Posts |
Quote:
Holding out for 20 to 1 at 10K gold = $500 silver. 7 to 1 at 10k gold = $1425 ish silver. Even better.  |
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Moderator
United States
15384 Posts |
Quote:
Holding out for 20 to 1 at 10K gold = $500 silver. 7 to 1 at 10k gold = $1425 ish silver. At those prices an entire artistic industry of jewelry makers will simply disappear - to our societies overall detriment IMO. I'm a small time user of sterling silver in some of my boxes, and shared my concerns in a recent thread: https://goccf.com/t/486029Take a look at my other hobby ... http://www.jk-dk.art |
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Bedrock of the Community
United States
11880 Posts |
Quote:
Roughly 70-75% of annual mined silver comes as a byproduct of mining other metals, mainly copper, lead, zinc, and gold. This was not always the case. In April 2020, at the beginning of the Covid pandemic, the gold to silver price ratio rose to it's all time peak at 125x. When the price of gold reached 125x the price of silver, silver became uneconomical to mine at it's low price relative to gold. The relative rarity of silver means that it is about 7x easier to mine but realizes only 1/57th the price of gold. Under these circumstances, I would invest in mining gold as the compensation relative to its difficulty in finding it looks much better for gold. But if the price ratio shrinks to 30x or 20x, there would be more dedicated silver mines. In 1850, before the Comstock lode strike, gold was pegged at about 20x silver and that is why the silver dollar was about an ounce of silver and an ounce of gold was about $20 in the form of a double eagle. We've been through a roller coaster and who knows where we end up again given all the interesting variables. IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
12/30/2025 5:48 pm
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Bedrock of the Community
United States
11880 Posts |
Quote:
At those prices an entire artistic industry of jewelry makers will simply disappear - to our societies overall detriment IMO. If an artistic industry of jewelry exists for gold, which is at a much higher price point, why would the entire artistic industry of silver jewelry makers disappear if silver were to double or triple? It seems to me that the industry may shrink due to higher prices leading to fewer buyers who are willing to buy the product, but why would it disappear completely? IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
 United States
8724 Posts |
Quote:
But if the price ratio shrinks to 30x or 20x, there would be more dedicated silver mines. The wife "allowed" me to take a couple of grand during the pandemic and play with it online on E*TRADE, my first time messing with stocks outright. I did much research on what to buy, I spent hours and days on it. Did well with a few things a couple not so well. Used my head and hit a good lick on an ammo company, which were doing well during the pandemic, cashed out the two grand she gave me, plus another grand and still had a grand in the account. Decided to try a penny stock in a silver mining company. I have done alright with it over the last few years, more than doubled my money but have very well with it in the last couple of months, as it is following the price of silver.  My mixed cost over the last few years worked out to .26 a share now at .85. This same company mines several other things too though, I would assume they take advantage of whatever comes out of the ground at the time of mining for silver.  -makecents-
Edited by -makecents-
12/30/2025 6:41 pm
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Pillar of the Community
Australia
3831 Posts |
There are still plenty of natural resources to be mined. Comes down to who wants to do the dirty work, environmental impact, political risks etc and at what cost. Not some wall street players sitting behind the scene and playing prices like monopoly. Rarity means little when demand is all over the place.
Remember high oil prices? What good is it if prices of everything goes up. The reality is prices of today is just absurd. Soon this will be a first world problem when food, water, shelter prices soar to absurdity.
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Pillar of the Community
Canada
5238 Posts |
The relative rarity is only one factor determining price. I wouldn't make any bets about future prices based only on this ratio.
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Replies: 65 / Views: 3,439 |
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Posted 12/30/2025 12:09 pm
