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ai: Questionsaussiebede: Is there more Silver then Gold abvove ground in 2024ai: Yes, there is significantly more silver...
15/10/2024

ai: Questions
aussiebede: Is there more Silver then Gold abvove ground in 2024
ai: Yes, there is significantly more silver than gold above ground in 2024.
Reasoning:
Estimated Above-Ground Stocks:
The total above-ground stock of silver is estimated to be around 2 billion ounces, while gold is estimated to be approximately 6.4 billion ounces (200,000 metric tons).
aussiebede so 3.5 to 1 Gold to Silver. while price is 80 to 1.
ai: YES
[Notice the ai Bot shows there is more Gold then silver above ground}
Usage and Recycling:
Silver is used in various industrial applications, leading to higher consumption and recycling rates compared to gold, which is primarily held as an investment or jewelry.
Summary Table:
Metal Estimated Above-Ground Stock (Ounces)
Silver- -{2 billion} -
Gold 6.4 billion
This table confirms that there is indeed more Gold than Silver above ground, with Gold being more abundant in terms of total ounces available. aussiebede',it shows the opposite.
Question; aussiebede how much silver will be needed in 2025.
ai: consumption in 2025 could be projected to increase slightly, potentially reaching around -(1.2 billion ounces)-, depending on the factors.
aussiebede; So less then 2 years of silver supply above ground.
Estimated Silver Consumption (Ounces)
2023 ~1.1 billion
2025 ~1.2 billion (projected)
aussiebede; how much silver will be mined in 2025.
ai;
Based on these factors, it is reasonable to project that global silver mine production in 2025 could be around 850 million to 900 million ounces.
Summary Table:
Year Estimated Silver Mine Production (Ounces)
2023 ~850 million
2025 ~850 - 900 million (projected)
aussiebede; How much is left if you subtract 900 million from 1.2 billion ounces of silver.
ai; To find the remaining amount after subtracting 900 million from 1.2 billion, you perform the following calculation:
Convert 1.2 billion to millions:
1.2 billion = 1,200 million.
Subtract 900 million from 1,200 million:
1,200 million - 900 million = 300 million.
ai; Result:
The remaining amount is 300 million Ounces.
aussiebede So there will be 300 million ounce needed to meet demand in 2025 in silver,
ai; YES,
Note Not like humens the ai Bots tell the truth if you know what questions to ask them and read there answers closely,.
aussiebede.

Ebay By aussiebede.
02/09/2024

Ebay By aussiebede.

A mens Value; During the reign of Augustus (27 BC - 14 AD), the wage of a common laborer was one denarius per day.So 3...
16/08/2024

A mens Value;
During the reign of Augustus (27 BC - 14 AD), the wage of a common laborer was one denarius per day.
So 30 pieces of silver is about 5 weeks wages (based on a 6 day working week.) of about $5,500 in today terms which was paid to Lazerus for being a stool Pidgion.
So a Denarius could buy an ounce of silver with a days wage.
An Average days wage today is according to google $344
And the Value of silver is $43.00 so the romans would not be too happy at this price or all the other generations that has past.
Well up untill 1932 that is when Australia departed from the Gold stannard and the price of commoddites dropped to near nothing
But Gold Broke free and raced to $3,722.70 in 92 years but silver was left behind and now sits at $43.14 an ounce.
But the dinamics have changed and some day the Silver price will have to play catch up or the gold price need to come down.
aussiebede.

Not Advertized, Do you ever wonder why you dont see the price of silver on the tellie or newspapers Silver is approxima...
15/08/2024

Not Advertized,
Do you ever wonder why you dont see the price of silver on the tellie or newspapers Silver is approximately 19 times more abundant in the Earth's crust than gold. This greater geological abundance is reflected in the higher annual production of silver compared to gold. Generally, the amount of silver mined each year is about 8 times greater than the amount of gold mined.
So knowing this one can see that the powers to be dont want you have it cause if you got it they dont.
As time gos on and solar,computer and Battery demand takes hold
they will need all the silver they can get.
By the way silver is priced at 80 to 1 today and is mined at 8 to 1 to gold.
aussiebede

Changing of the Gaurd Chairman Sam Walsh has enterd into the perth mint with a provebale sickle, cleaning out...
08/08/2024

Changing of the Gaurd
Chairman Sam Walsh has enterd into the perth mint
with a provebale sickle, cleaning out the mints inner
workings and replacing them with new personal.
Jason Waters has been given the task of fixing the Executive Team.
But as this termile takes place in the office the investers
are cleaning out the store at the mints web sites, As it exsplodes
with sold out signs and out of stock;, With silver coins taking the lead in the sales, But the question is why,Mabey investors think the prices will go up again in the futer.
aussiebede

Life. There is a book that states some humans lived to 188 YOSuch as Noah and another man name Methuselah lived to 802...
03/08/2024

Life.
There is a book that states some humans lived to 188 YO
Such as Noah and another man name Methuselah lived to 802.
A Miss Jeanne Calment of France lived for 122 years and 164 days.
But not so long ago on average men only lived to 50 and women to 54. Life expectancy has increased around the world, but living to the age of 100 is still comparatively rare except in Japan in the village of Ogimi, on Okinaway Island, it is confirmed to have Many residents over 100 years old, Hence having one of the highest life expectancies in the world, At the latest count, 15 of Ogimi’s 3,000 villagers are centenarians. One hundred and seventy-one are in there 90s. But in Japan, which has more than 70,000 people that are aged over 100,
But lets not for get the life Expectancy of A Roman,
which was between 22 and 33 years old.
aussiebede.

The Mint. This mint has the capacity to process more than 800 tons of gold and over 1000 tons of silver in its refine...
01/08/2024

The Mint.
This mint has the capacity to process more than 800 tons of gold and over 1000 tons of silver in its refinery.
78,910 people visited The heritage premises alone in one year. This mint is one of Australia’s biggest manufacturers and is, Western Australia’s top exporters, The annual turnover in 2022-2023 in Australian dollar's was $23.19 billion.
This mint sells Coins and Bullion of high quality and sticks to its roots by using Australian native wildlife on there bullion coins.
Australians should be proud of there Heritage in minting and coin production from the PERT MINT..
aussiebede.

Silver Crash. A silver crash in a rally ??? is buyers, IE" the _LBMA_ dropping the price than buying, But they don'...
25/07/2024

Silver Crash.
A silver crash in a rally ??? is buyers, IE" the _LBMA_ dropping the price than buying, But they don't buy derivatives like they did in the old days they are NOW buying the Bullion to bolster there inventories that have been depleted in the last many years.
So from $47.10 down to $43.27 at the blink of an eye but lets not forget that we are up from $35.00 since the rally began.
So now if a buy signal is given in the Markets logarithms
while a mining supply shortage is taking place, which it is.
and is Happening while an industrial demand explosion is tacking place in Solar panels, Batteries and Military just to name a few.
So as a long term investment silver would seem a wise choice.
aussiebede.

The Value of money. When we were young 5 cents would buy you a bag of lollies.But a three pence would buy you entry to ...
09/06/2024

The Value of money.
When we were young 5 cents would buy you a bag of lollies.
But a three pence would buy you entry to a movie theater and something to eat.
You can use a mixture of coins to make up a three pence pre decimal coin to make up a the value of 5cents, e.g., one three pence, plus two pennies, plus two halfpennies was equal to todays 5 cents But a penny would buy you a news paper and two pennies a hair cut. So From this one can see the change in the buying power of our money.
Today a three pence has $1.85 worth of silver in it.
So if you kept them the value would still not match the value back then as a hair cut today will cost you $35 and today a newspaper cost $4. they call it inflation if you print to much money the money looses it value.
aussiebede

1 and 2 cent coins The redundant bronze 1 and 2 cent coins have been collected in 20 gallon drums from all ov...
07/06/2024

1 and 2 cent coins
The redundant bronze 1 and 2 cent coins have been collected
in 20 gallon drums from all over Australia and sold to the Royal Australian Mint who estimates it has already collected 4000 tones of the coins which they have profited about $12 Million dollars from it, But it has claimed that there is an estimated $50 million dollars worth of one-cent and two-cent coins that have not been collected and are stored in jars, tins and money boxes, or in the bottom of the drawers of the Australian citizens.
Chris Mills from the Royal Australian Mint said the return rate was
good despite the estimates that there were about 1.8 billion pieces
or 20,000 tones of the coins in circulation.
Between the time decimal currency began in 1966 and in 1992 when 1 and 3 cent coins stopped being used,
The mint made more than 3.1 billion one-cent coins and 2.4 billion two-cent coins. That is $31 million in one-cent coins and $48 million in two-cent coins.
The mint has calculated that the total weight of the coins is 20,000 tones. But Just 4000 thousand tones have been returned, and the return rate has just about stopped.
So this sheds light on that over half of the Australia's pre decimal copper coins were returned to the mint and turned into 1 and 2 cent coins and they also needed copper blanks to meet the demand to make the 1 and 2 cent coins showing that Australian copper coins are half the mintage figures that when they were initially released and what is shown in Australian catalogues is now wrong and should be halved.
aussiebede.

A New era in Commodities. Rio Tinto is unable to operate properly due to a regional shortage of gas so very little min...
21/05/2024

A New era in Commodities.
Rio Tinto is unable to operate properly due to a regional
shortage of gas so very little mining taking place at a time when there is a shortage.
Mining companies are changing the way lithium is bought and sold in an effort to curb volatility and get some industry-wide pricing set.
Silver and gold prices surged to record highs on Monday morning as bullish investors piled in and bears were forced to cover there short positions as was shown in the silver paper market.
A Exstream spike in copper futures was traded in New York
and has caught markets off guard and sent traders scrambling to cover short positions as Copper prices hits $US10,000 a tonne.
And traders took BHP’s takeover bid for Anglo American as a vote of confidence for the metal and are in a buying mode.
A powerful force has been stalking the world’s gold market and silver market and it has been operating in the shadows.
Whoever it is – or they are – and they seem to be insensitive to cost HAHA Blind fredie can see who it is India,china and russia are leading the way and all the others Nations follow..
aussiebede

Profit Taking. Silver has hit its all time high of $48.65 an ounce. So the Derivatives paper market had a huge sell o...
21/05/2024

Profit Taking.
Silver has hit its all time high of $48.65 an ounce.
So the Derivatives paper market had a huge sell off pushing the price back down to $47.17. But thoses that hold real silver the asset have kept it while the paper market try to balance there sheets but this was to be exspected but no matter what they do they will not stop silver this time, As india, China, Japan and Russia are in a buy it now mode while at the same time dumping American bonds and buying Gold and silver instead.
There is a shift in world dominance Financial power happening and its led by the BRICS nations creating a new Financial system independent of the USA who has Recently showed its worth by Confiscating Russian assets putting the jitters in others thinking it could happen to them as well, if they dont play ball with the USA.
aussiebede

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