Message:

<p>[QUOTE=&quot;Tinpot, post: 1701466, member: 35836&quot;]Ok i figured it out now, &quot;the probable wartime supply exceeds projected U.S. requirements&quot; We don&#039;t need to worry that the U.S. only mines about 40 million ounces of silver a year, while either purchasing for investment demand or industrial demand, likely 100-200 million oz+, sounds sustainable to me. </p><p><br /></p><p><a href="http://about.ag/StrategicStockpile.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://about.ag/StrategicStockpile.htm" rel="nofollow">http://about.ag/StrategicStockpile.htm</a><span style="color: #000000"><font face="Arial"></font></span></p><p><span style="color: #000000"><font face="Arial"><br /></font></span></p><p><span style="color: #000000"><font face="Arial">The </font></span><i>Silver Strategic Stockpile (then called the Strategic and Critical Materials Stockpile) was formed in June, 1968, with a &#039;donation&#039; of 165 million ounces of silver from the U.S. Treasury. 25.5 million ounces was removed in 1970, leaving 139.5 million ounces. It stayed at about that level through 1985, after which it declined each year until 2002 when it was all used up (the silver was sold to the Treasury for making Silver Eagles). As early as 1979 it was determined that the silver was not necessary, because &quot;the probable wartime supply exceeds projected U.S. requirements&quot; (Report By The Comptroller of the United States, &#039;National Defense Requirements For A Silver Stockpile&#039;, April 10, 1979). The silver was stored in West Point (49.4Moz) and San Francisco (90.1Moz) (same source).</i></p><p><i><br /></i></p><p><i><br /></i></p><p><i><br /></i></p><p><i></i>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in