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<p>[QUOTE=&quot;mikem2000, post: 1534298, member: 30574&quot;]Thanks Inflexion,</p><p><br /></p><p>Just for the record, I did do my research. What I found was this is extremely difficult to prove either way. It seems, we really do not have a good handle on how much silver is above ground NOW, let alone 700 years ago. There are many different claims on the above ground supply. Also there are many twisted facts. Folks can&#039;t even agree on what to count. I have found a number across a few sites including and article on the Kitco site that states around 600 million ounces of investment grade silver is available. That number some might say is quite low but it is talking about INVESTMENT grade silver. They are not talking about ASE&#039;s etc. etc. They are only speaking about the BIG bars, so the number may be accurate, but really not very helpful. When you bring in coins, jewelery, art type items, and other recoverable silver, it seems it becomes just a guess. These numbers seem to range from 5 billion to 20 billion ounces.</p><p><br /></p><p>In addition the numbers from 700 years ago are pretty much a guess also. I did mange to find a claim from the CPM group there were a bit over 3 billion ounces in Christopher Columbus day, but again, since we don&#039;t know how much silver we have now, it seems doubtful the number is accurate. </p><p><br /></p><p>So in conclusion I do not think it is possible to make a factual statement that there was more silver above ground 700 years ago.&nbsp; It really is not logical, since there were only 360 million people in the world then, most who were poor, and we are now closing in on 7 Billion.&nbsp; It is my guess that the original premise came from the fact of 600 Million ounces of INVESTMENT grade silver available today and it was twisted or like I said earlier, they are talking about bullion equivelent and are speaking ounces per person.[/QUOTE]</p><p><br /></p>

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