Our favorite bankster shill Jeffrey Christian, who boldly told CNBC in January that gold and silver had seen their highs for 2012 (it took all of 2 weeks for that call to be proven wrong), has rather inadvertently made a rather strong case for $359/oz silver while attempting to bash gold again.
Never expected to see the day when Jeffrey Christian made a rational case for a 4.6:1 silver/gold ratio.

from Bix Weir, Road to Roota:

The latest release from the Banking Cabal’s more than bizarre egomaniacal mouthpiece, Jeffrey Christian of CPM Group, inadvertently makes a rather strong case for $359/oz silver while trying to trash gold. I’m sure that it was not his intention to promote silver as his release was clearly designed to pour cold water on any hopes for gold to take off but true to form – he put his foot in his mouth again!

5 Billion Ounces of Gold… His main argument in this article is that there is an astounding amount of gold out there available for sale. He tries to back this up by showing us how his historical numbers are derived. This is the first time I’ve heard him tell the world where his historical gold numbers come from and I find it fascinating that the origins come from the 1960′s estimates commissioned by Harry Oppenheimer.

I’ll save that analysis for another day but what I find most interesting in the CPM report is that in their burning desire to trash the gold psyche they state…

On 17 May CPM Group will release its Silver Yearbook 2012. In that report we will show that cumulative world silver production is estimated to have surpassed 50 billion ounces in 2011, ten times as much as gold. In stark contrast to gold, about 46% of the silver mined throughout history is estimated to be lost or undetermined in its location. People will lose silver, or use in it an industrial or household application from which it does not get recovered(e.g. mirrors). People tend not to lose gold.

So if we are to believe Christian when he claims that there is 23B ounces of silver above ground (50B x 46%) and 5B ounces of gold above ground then the silver-gold price ratio should be 4.6-to-1 rather than the 53-to-1 current price ratio.

With gold currently trading at $1,650 isn’t Christian making a case that silver is MASSIVELY UNDERVALUED at $31/oz? According to his own data, available above ground silver should be trading at a ratio of 4.6-1 of the fair market value of gold or $359/oz.

Maybe he’d like to have a “DO-OVER” of last year’s Silver Manipulation debate!

The Great Silver Debate

Of course we know there is not even close to 23B ounce of silver available but you get the idea. Silver, even according to the Banking Cabal’s mouthpiece Jeffery Christian, is MASSIVELY UNDERVALUED!

Load up while you still can. May the Road you choose be the Right Road.

  1. “With gold currently trading at $1,650 isn’t Christian making a case that silver is MASSIVELY UNDERVALUED at $31/oz?”

    no, he’s making the case that the silver market is highly manipulated and suppressed and that we should all be grateful we’re even getting 31 for it.

  2. Hi math is way off.  The total silver production in 2012 might! be 1 billion ounces including recovery silver. There is no chance in the world there’s 23 billion ounces above ground much less 50 billion ounces.   That would be over 150,000 tons of silver.   If that was the case silver would be more prices like zinc or copper.  Nearly half the silver is used in the year of its mining  and is virtually non recoverable frm most of the product uses.  It disappears forever.

     So his basic assumptions are flawed therefore his price model is flawed. Gold to silver ratio is 10 to 1 to 16 to 1 and in reality it’s 52 to1. 

  3. ” they cannot after a time differentiate the true from the false.”
    Okay so the quote really wasn’t talking bout silver or gold, but it does express my pity for some of these guys who are so caught up in lies upon lies that they get tangled up in their own web. 
  4. Using those number the ratio should be: 5.4 :)

    $50B oz. silver mined. 46% is lost; therefore 54% is kept in mined/ production state. 54% of $50B oz is 27B of silver not lost.

    Given $5B oz of gold and $27B of silver, the ratio is 5.4

  5. Ya dayvd

    It’s vary hard when twisting lies in you head for anything to add up right. Then some truth comes out and you have to lie more to cover that up. Im glad I do not have to lie for a living.
  6. Thats just it 427… They lie so much they don’t know whats what anymore… One day there telling you silver is worthless and the next day that it is so undervalued but don’t buy the other stuff… Each time pulling numbers out of there ass… They need to put the crack pipe down and head to rehab and then maybe they can clear there head to see the true story…

  7. 40 oz   My contention exactly   The annual silver market of 1 billion oz is only $31 billion dollars.  Ee spend more on than for our pets and hair products.    Silver could be $300 an ounce on a world wide basis of 1 billion ounces and that $300 billion dollar value would be about .4% of the world GDP    Peanuts if you ask me    Since it uses are spread out to nearly infinitesimal amounts in most commercial and industrial uses, sometimes only 10 cent to $3 in electronics, it might add a fee dollars to your favorite electronics   Inflation in food, fuel and even clothing would dwarf the incremental price increases with silver valued at 10 times its present level. But stackers would be ecstatic. 

  8. One Tin Soldier-  Sharp eye!  It’s a big dime round I picked up, quite a coincidence. ha. Probably the same round.
    I was going to use a Las Vegas style round with two topless babes on it, but it’s a family site ;)

  9. It has been estimated by some that if all Dollars in existence today were fully backed by gold, the price of gold would need to be around US$55,000/oz.

    Based on the valuation of silver in The Art of War by Sun Tzu (ie, how much labor silver could buy), silver in modern times should be valued at US$12,000/oz.

    Coincidentally, 55/12 = Ratio of 4.6!!!

    Thus, anyone possessing a mere 100 oz of physical silver is already a virtual ‘millionaire’…

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