SILVER 0.30% $15.25 silver futures

36 thousand tonnes = 36 million kilograms = 1.1 billion ounces -...

  1. 50 Posts.
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    36 thousand tonnes = 36 million kilograms = 1.1 billion ounces - seems like a very big number? I'm not so sure.

    1 kilogram of silver is worth roughly around $1,000

    Lets say just 3 million individuals buy a kilogram each of this' stacked silver' ( equal to about 100 million ounces )

    The stack is now over 8% smaller

    And it will take 1 full month of the worlds silver production to replenish this amount alone

    Doesn't seem unreasonable to me to think there might be 3 million or more crazy silver bugs on this planet prepared to fork out $1,000.

    My guess is that the next 3 million crazy silver bugs should expect to fork out more than $1,000 for their kilogram

 
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