Silver – Visualized in Bullion Bars
This infographic shows all the Silver ever mined throughout history.
Silver price is currently hovering around $30 / troy oz.
When Silver price hits $31.10 / troy oz each gram of Silver will be exactly $1.
Silver is usually measured in Troy Ounces. A Troy Ounce is about 1.09 regular Ounces.
|Silver – Size Chart|
|This is a chart of standard Silver bullion size comparison.
The silver bars are measured by Silver volume & weight of
10.49 g/cm−3 in typical Silver Bar Dimensions.
|1 Ton of Silver = $1 Million @ $31.10 / Troy oz|
|Silver price is hovering around $30/ troy oz, once Silver hits $31.10 / troy oz, Silver will cost exactly $1/gram,
at that point the 1 Ton of Silver displayed above will be worth exactly $1 Million Dollars
Silver is not purposely mined, 80% of new Silver production is a by-product of Gold or Copper mining, this is due to Silver’s recent low value compared to other metals.
1 Ton of Silver
The 1 ton of silver is worth $1 million dollars at $31.10 / troy oz.While there are significant Silver reserves underground, due to the low prices they are not being mined. Silver has run a 63 year long supply/demand deficit as of year-end 2004, this is mainly due to Silver getting lost and industrial production demand, including x-rays, photography, mirrors, electrical and electronic products.
This amounts to a deficit of 331.46 Tonnes since 1942. Source
BMG Bullion Fund
Silver ETF ZKB
Canadian Maples Minted
LBMA Estimated stocks
Central Fund of Canada
Estimated Private Bullion
US Eagles Minted
Silver ETF SLV 156.5 Tonnes
All Silver Mined in History – 1,411,475 T
The historical cumulative Gold to Silver production ratio is 1:10.7. Source
The price ratio of Silver to Gold is currently around 1:50.
MARCH 1, 2013 BY THE DOC – Silver Doctors