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<p>[QUOTE=&quot;bekiz, post: 1697532, member: 36546&quot;]<span style="color: #000000"><font face="arial"> Well, the question of what happened to all those silver after 1964 still remains.</font></span></p><p><span style="color: #000000"><font face="arial">Why?</font></span></p><p><span style="color: #000000"><font face="arial">Let&#039;s see.</font></span></p><p><span style="color: #000000"><font face="arial">As one coin collecto&nbsp; told me, in 1964 in circulation was about 10 billion oz of silver in coins. It is about 310 000 tonnes. This information almost matches the mintage numbers.</font></span></p><p><br /></p><p><span style="color: #000000"><font face="arial">As the same collector told me - and I have found the same information in other places 85% to&nbsp; 90% of that silver is gone forever now. It means that silver should have found its&nbsp; way into consumption/production data&nbsp; provided by US agency. </font></span></p><p><br /></p><p><br /></p><p><span style="color: #000000"><font face="arial">So the question is where&#039;s all this silver?</font></span></p><p><span style="color: #000000"><font face="arial">In US households as some people told me?</font></span></p><p><span style="color: #000000"><font face="arial">In 1965-1970 there were 40 mln households in US ... can you come up with the number of average silver holding of household? Right, it is not 5-6 oz per household, it&#039;s much more (I think if these people are correct we are talking about 150-200 oz of silver per household). </font></span></p><p><br /></p><p><span style="color: #000000"><font face="arial">Then this information&nbsp; doesn&#039;t match information that that pre 1965 silver has gone forever.Why?</font></span></p><p><span style="color: #000000"><font face="arial"> Because total silver production and consumption doesn&#039;t reflect such a big amount of silver anywhere. US agency that tracks silver supply and demand doesn&#039;t have this silver in such big quantities.</font></span></p><p><br /></p><p><span style="color: #000000"><font face="arial">So I&#039;m at the same place where I&#039;ve started my search ... either junk silver stored in every household in US and the number of it is very big (and people are really shy to sell it to KITCO or other places that have bags out of stock), or someone like gov.agency holds it in vaults, or someone knows something I haven&#039;t researched as of yet, or I&#039;m totally wrong in my counting ... so please, show me my mistake.</font></span></p><p><br /></p><p><br /></p><p><span style="color: #000000"><font face="arial"> If you could clarify&nbsp; what exactly happened to these hundreds of tonnes of silver it would be great because simple explanation (work of Gresham&#039;s Law) doesn&#039;t connect the dots - too much silver for households to hold for such a long period of time.</font></span></p><p><span style="color: #000000"><font face="arial"><br /></font></span></p><p><span style="color: #000000"><font face="arial"><br /></font></span></p><p><span style="color: #000000"><font face="arial">So, may be we could do the math together and find missing pieces because I&#039;m not able to complete the puzzle myself. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /></font></span>[/QUOTE]</p><p><br /></p>

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