House prices expected to fall - Official

StevieJ

Looks like Dev is trying to wriggle off the hook.

Procrastinator333

Llubrevlis wrote: »

What are you talking about, do you have a link?

www.thesilverbull.co.uk/home

I think he was picking up on the fact you had noted it was 1bn over the amount extracted per year. Therefore 13 years would have used up the 12 bn in the ground. But looking at the link it says 1bn additional per decade, hence their prediction for 2020.

Anyway, the reason for my post, and I asked this in another thread that also went quiet on the subject after my question.

How exactly were they able to measure the amount of silver in the ground in 1900? Please could you provide a link to the research instead of someone who is pushing the sale of silver?

With such a stupid piece if information underpinning the whole argument, it just makes you and the silverbull website look nothing short of a joke.

Llubrevlis

Really2 wrote: »

If we have used 1bil oz more than we have mined since 1900 we should have run out in 1913.

Yes good point, sorry I meant 100mil oz yr or 1bil per decade of silver is consumed more than is mined.

2020 is the yr all the silver will be depleted.

Its all from the CPM group and on this website https://www.thesilverbull.co.uk/home

If these figures are not right I would like to see somewhere that disagrees.

I cant find a chart of worldwide silver stockpiles for the last 100yrs, there must be one somewhere?

Procrastinator333

Llubrevlis wrote: »

Yes good point, sorry I meant 100mil oz yr or 1bil per decade of silver is consumed more than is mined.

2020 is the yr all the silver will be depleted.

Its all from the CPM group and on this website www.thesilverbull.co.uk/home

If these figures are not right I would like to see somewhere that disagrees.

I cant find a chart of worldwide silver stockpiles for the last 100yrs, there must be one somewhere?

Get real, it is not the responsibility of someone to prove a negative. Your website asserts the deposit levels in 1900 were 12bn. Prove it.

It is like me saying actually, I'm David Beckham, I post on here for fun in my spare time. I don't need to prove this, it is up to you to prove I'm talking tripe. No.

Does the concept not even strike you as a little silly? Just how could they possibly have known what was even 10 metres below the earths surface, let alone any significant depth. How could they have covered the globe?

Today it may be possible with some ground penetrating radar or perhaps tests via seismic measurements and material density, but that would not be easy. I'm sorry, but it is gibberish.

nembot

Seems the frothing has started on the other side of the fence and just isn't stopping!

It's great

Llubrevlis

Procrastinator333 wrote: »

Get real, it is not the responsibility of someone to prove a negative. Your website asserts the deposit levels in 1900 were 12bn. Prove it.

It is like me saying actually, I'm David Beckham, I post on here for fun in my spare time. I don't need to prove this, it is up to you to prove I'm talking tripe. No.

Does the concept not even strike you as a little silly? Just how could they possibly have known what was even 10 metres below the earths surface, let alone any significant depth. How could they have covered the globe?

Today it may be possible with some ground penetrating radar or perhaps tests via seismic measurements and material density, but that would not be easy. I'm sorry, but it is gibberish.

Woo someones got out of the wrong side of the bed. Why such strong feelings about this? I think your getting confused with worldwide stockpiles and what has not been mined yet. The feeling is the current mines have about 20yrs supply left, but just like oil they may well find more. But the commodities research companies are talking about above ground silver that we know about.

Anyway everyone agrees with the CPM group that records show that worldwide stockpiles of silver were 12bil oz in 1900. That is a well known fact.

Its also widely recognised that silver consumption has been more than mined supply because these stockpiles have been getting depleted.

I would love someone to try and prove the commodities research companies wrong. I have bought the CPM group yearbook, but most of it is free info online these days. Very interesting reading.

This is a good article about the ETFs broken promises because there isnt enough silver left to account for half of the paper silver they have promised.

http://www.atimes.com/atimes/Global_Economy/LG14Dj02.html

"in 1900 there were 12 billion ounces of silver in the world. By 1990, that figure had been reduced to around 2.2 billion ounces," and now "today, there are fewer than 1 billion ounces in above-ground refined silver."

What will happen as we get near to 2020? Not many more new phones and computers? Its not possible to make these without silver.

StevieJ

Procrastinator333 wrote: »

Get real, it is not the responsibility of someone to prove a negative. Your website asserts the deposit levels in 1900 were 12bn. Prove it.

It is like me saying actually, I'm David Beckham, I post on here for fun in my spare time. I don't need to prove this, it is up to you to prove I'm talking tripe. No.
.

Do her collar and cuffs match?

Procrastinator333

Llubrevlis wrote: »

Woo someones got out of the wrong side of the bed. Why such strong feelings about this? I think your getting confused with worldwide stockpiles and what has not been mined yet. The feeling is the current mines have about 20yrs supply left, but just like oil they may well find more. But the commodities research companies are talking about above ground silver that we know about.

Anyway everyone agrees with the CPM group that records show that worldwide stockpiles of silver were 12bil oz in 1900. That is a well known fact.

Its also widely recognised that silver consumption has been more than mined supply because these stockpiles have been getting depleted.

I would love someone to try and prove the commodities research companies wrong. I have bought the CPM group yearbook, but most of it is free info online these days. Very interesting reading.

This is a good article about the ETFs broken promises because there isnt enough silver left to account for half of the paper silver they have promised.

http://www.atimes.com/atimes/Global_Economy/LG14Dj02.html

"in 1900 there were 12 billion ounces of silver in the world. By 1990, that figure had been reduced to around 2.2 billion ounces," and now "today, there are fewer than 1 billion ounces in above-ground refined silver."

What will happen as we get near to 2020? Not many more new phones and computers? Its not possible to make these without silver.

Great, so ignore all my points and just say the same thing again. :T

If this is the opinion of "everyone", please show me some links.

If this 1900 figure is "in the records" please show me the link.

If this is the opinion of "all the commodities companies", please give me some links.

Please don't take this the wrong way, if there is serious data out there that shows silver is running out, fair enough, but I object to a link that is a page of drivel centred on the argument that in 1900 they accurately knew the reserves of silver throughout the entire planet. Gibberish.

I don't actually care about silver anyway, just so object to such a ridiculous statement!

Llubrevlis

Procrastinator333 wrote: »

Great, so ignore all my points and just say the same thing again. :T

If this is the opinion of "everyone", please show me some links.

If this 1900 figure is "in the records" please show me the link.

If this is the opinion of "all the commodities companies", please give me some links.

Please don't take this the wrong way, if there is serious data out there that shows silver is running out, fair enough, but I object to a link that is a page of drivel centred on the argument that in 1900 they accurately knew the reserves of silver throughout the entire planet. Gibberish.

I don't actually care about silver anyway, just so object to such a ridiculous statement!

Ive told you more than once this is widely recognised fact that there were 12bil oz of silver 100 yrs ago now there is less than 1 bil oz by the leading commodities researchers. I could quote you hundreds of places that use these figures them but as you said yourself you are not interested.

It would take a matter of seconds to google it anyway.

Procrastinator333

Llubrevlis wrote: »

Ive told you more than once this is widely recognised fact that there were 12bil oz of silver 100 yrs ago now there is less than 1 bil oz by the leading commodities researchers. I could quote you hundreds of places that use these figures them but as you said yourself you are not interested.

It would take a matter of seconds to google it anyway.

"widely recognised fact"

"seconds to google it"

"Hundreds of places that use these figures" Any of them actually quote the source and research? Or are they all selling / pushing silver?
:rotfl::rotfl:

I'm even resorting to using Hamish's smileys....

The onus is on you to prove your point, not me to prove a negative.