Silverharp

It is a fact that there exists more above ground gold than silver though few people are aware of it. Estimated amounts of .999 fine silver bullion available for delivery held by warehouses and investors is 1 biilion ounces. Gold is hoarded and silver is used. Some silver comes back through recycling but much of it is used in such small quantities that when the item is discarded the silver is effectively lost forever.

If you want more info on the point Jason Hommel has written on it extensively... http://silverstockreport.com/ssrarch... . Jason has a tendency toward the dramatic and doesn't always present situations that will likely occur in the real world but he does make you think.

Certainly the amount of silver not yet mined exceeds that of the gold not yet mined but....

The majority of silver which is mined does not come from silver mines or silver producers but as a by product of zinc, copper, and other base metal mining operations. If the economy suffers a long term slump there will be little silver added to the inventories and both the industrial demand which continues to grow as silver continues to find many more applications in industry and the rapidly growing investment demand can quickly eliminate the small supply that exists in the metals warehouses Comex Tocom LME.

You are probably familiar with RFD chips. These are attached to cargo loads and in some cases individual items. Each contains a tiny amount of silver, but with all the products they are attached to it adds up in a big way. None of that silver will ever be recovered; it just isn't cost effective to do so.

There has recently come into existence a dual price market as regards paper gold and physical gold. The same is true but even more so in silver. It began experiencing shortages 6 months ago. The shortages have only gotten worse.

The industries who use silver use it in small amounts so they are not overly concerned with silver's price but in order to continue in operation they must have it for there are few substitues which can be used for silver. Silver has very special and unique properties.

P.