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case for $50,000 silver - schifty1 - 03-13-2012 09:09 PM
if the global production of silver is approx. 700 million oz. x $50,000 = 35 trillion, + global production gold is 70 million oz, x $50,000 = 3.5 trillion, + global reserve gold approx. 25,000 tons x 32150 oz = 803,000,000 oz x $50,000 = 40.1 Trillion . . . 35 T + 3.5 T + 40.1 T = 78.6 Trillion slightly larger than the stated global GDP 65 to 68 Trillion. Would it not seem logical for the world to go back on a gold standard gold and silver would need to near $45,000 to $50,000 an ounce. Just a thought