The Silver Slam

[webmaster]

Subject:The Silver Slam
By: David Morgan, Silver Investor

Overview: Last week I mentioned that CIBC slammed the silver market and gave my opinion of where their analysis missed the mark. Tonight as I pen this missive in haste due to packing and flying requirements early tomorrow, it seemed the best to give a short introduction on the Silver Slam.

Link: http://news.silverseek.com/SilverInv...1235112600.php

[Ivan Rybkin]

I can't imaging that the amount of available silver is only 100 miljon ounces.

When the prices rise, silver will appear from all kinds of places.

- silver cutlery
- coins
- cups
- etc

I estimated that one in every 500 households in de EU posesses a complete set of solid silver cutlery for 6 persons (12 spoons and 12 forks + 4 bigger spoons, about 30 ounces of .999 silver).

That means that in the Eu countrys alone we have
1000.000 * 30 ounces in silver cutlery = 30 miljon ounces of silver available for recycling.

When the prices are high enough everyone will sell.
The amount of silver in coins is much much more than 100 million ounces.