It makes sense to me why they are difference it is the amount of material that has to be moved to get an ounce Did you see the trucks used for gold mining.
If you look at the process of both gold and silver it seems silver is the more expensive because of the process that is needed to extract the silver from all those other elements Has anyone ever heard of panning for silver There8217s a good reason for that it8217s because you cant silver is always attached to other elements where as gold doesn8217t necessarily have to be hence why you can pan for it in a creek or river.
According to Wikipedia and its reference httpwww mineweb netminewebcontentenmineweb gold analysisoid19485038snDetail gold in 2007 on average cost 317Oz to mine Silver on the other hand costsaccording to this site httpsrsroccoreport comsilver mining costs exposed cash cost fallacysilver mining costs exposed cash cost fallacy httpsrsroccoreport comthe primary miners the fed 18 silverthe primary miners the fed 18 silver about 21 57Oz 2013 to produce and according the second link a break even cost for a silver mine is 26 45Oz.
This said we can firstly figure out that of the current price of gold 1330Oz about 24 of the price is due to production costs At the current price of silver 22 68Oz about 95 of price is due to production costs That8217s a ridiculous margin difference not considering the current mining ratio being under 110 check the precious metal production widget on the side of the 2nd or 3rd link.
The most obvious measurement is this divide the cost of gold Oz production 317 with the cost of silver Oz production 21 57 and the ratio is 115 Even if the mining cost ration of gold to silver is slightly greater than its natural occurrence ratio 19 10 it8217s still ridiculously out of proportion from the market especially considering silver has more industrial use than gold Either we are over valuing gold or we are under valuing silver I8217ll let you decide8230.
Looks like Chris Duane was right even when we DO NOT take into account what silver has been trashed and what gold has been treasured from previously mined reserves the current Energy return on investment ratio of gold to silver coming out of the ground is 115 The silver markets have never been so wrong or manipulated8230.
You really need to sign up at the Sons Of Liberty Academy I have been researching as Chris has for the last 5 years and have found out many things that have really changed my way of thinking After signing up with Chris I have learned a lot more and he has vilified that which I have already learned.
He will BLOW your mind and secure your future Chris Duane ROCKS.
2 days agonbsp018332The geological reports of the 1970s concluded that high grade silver deposition is largely controlled by the North Northeast Galena Quartz Vein system and this has been confirmed by the new 3D modeling process which enables the design of a silver focused exploration program of these veins contained within the M2 Quartzite Units.
2 days agonbsp018332TORONTO Sept 09 2020 GLOBE NEWSWIRE Bunker Hill Mining Corp the CompanyampCloseCurlyDoubleQuote CSE BNKR is pleased to report that the ongoing digitization and 3D modeling of historic geological data has confirmed numerous high grade Silver exploration targets at its Bunker Hill Mine.
Sep 08 2020nbsp018332Nicola Mining Inc owns 100 of the Treasure Mountain Property an approximately 7 000 acre silver deposit consisting of 51 mineral tenures comprising 21.
Address: Zhengzhou High-tech Industrial Development Zone, China