Reply #80: Even in the current state of the world economy

[Po_d Mainiac]

supposedly current production is only keeping up with industrial demand.

And just because the metals are scattered through the crust layer at a certain ratio doesn't mean they are extracted and/or processed at that rate. The varied commodity exchanges may or may not be able to, or for that matter, willing to account for accurate total extraction figures. Fair and full disclosure it not something they (ESP Da CRIMEX) have been accused of as of late.

16:1 with Au @ $1800 wood relate to Ag in the $112 range. If there truely are fictitious accounting schemes afloat, the price tag to restore bullion inventories may be massive.

I use the vague terms may/could/supposedly/etc. because there is plenty of annectdotal material being written which indicate major manipulations are in play.

BTW, if $Au holds and that 16:1 number ever occurs during my lifetime, I'll cover the airfare and fly you and family heyuh for a lobstah feed!