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To: LegendHasIt

There is about one ounce of gold per person on the planet. A bit LESS for silver.

Do you have your ounce?


3 posted on 11/29/2008 1:57:19 AM PST by djf (The harsh reality of life is that reality is harsh.)
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To: djf
Interesting you should bring that up, I've been remembering something one of my old geology or metallurgy profs told me a couple of lifetimes ago:

"If you put the entire earth into a crusher, ran it through a mill and a smelter, you would end up with more gold than silver."

Meaning, of course, that gold is more ubiquitous than silver... it is just that silver tends to be more highly concentrated when you do find it, therefore more economically feasible to recover.

AS to gold and silver, I have a bit more than my fair share, despite yesterday's intended gold buy not happening despite best efforts.

But I did learn something worth relaying when I was paying for yesterday morning's silver order: As I was getting a cashiers check to send to APMEX, I was informed that name , address, telephone number, driver's license and social security numbers are now required to be reported to the government on any cash transaction of $3,000 or more.... It used to be $10,000, but I guess they lowered it sometime recently.

That bothers me just a bit.

5 posted on 11/29/2008 2:12:57 AM PST by LegendHasIt (Freepmail me if you want to join the Precious Metals ping list.)
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