The Silver Siren: Reversion To Reality
By: Rob Kirby
Sep 07, 2011
According to the World Gold Council – the overall level of global mine production is relatively stable. Supply has averaged approximately 2,497 tonnes per year over the last several years. 2500 tonnes is equal to 80.4 million troy ozs.
The Silver Institute tells us there were 735 million ozs. of Ag mined from the earth’s crust in 2010. Simple math [735 / 80.4] tells us that “nature” is implying that the gold / silver ratio should be 9.14: 1.