it's going down the toilet, page-14

Most would assume that because silver is 50 times cheaper than gold, there is more of it available to invest in?

Not true.

The amount of available (stockpiled, not embedded in electronics or other industrial equipment) silver is much less than gold.

The lack of silver reserves is one of several reasons I'm more bullish on silver than gold.

Global silver production has not met demand since around 1995, eg in 2010 demand was about 1.1 billion oz; mines only extracted 700 million oz.

Government holdings and scrap metal are being sold off to supply industry.

There is also a worldwide trend towards silver jewellery. A 2010 survey of 4,000 jewellery stores - 90% said silver jewellery sales were hitting record highs, with 30% saying sales had increase by more than 25% that year.

Around 100 million oz per year goes to the photovoltaic
industry alone.

Silver is 18 times as common in the Earth's crust; however above ground gold available for purchase exceeds that of silver.