what is there more of already mined,gold or silver?

Hi mrwizard,

Although there is currently more gold than silver in the world today,
more silver has already been mined than gold. The various excerpts
below will provide a better understanding.


"How could there possible be less silver than gold, when six or seven
times more silver than gold is mined on an annual basis? Answer:
Silver is consumed, while gold is not."

Sovereign Standard of Liberty
http://www.sovereignstandardofliberty.com/articles/content/million%20dollar%20opportunity.htm


"...historically there has always been a lot more silver than gold. A
lot more has been mined and 60 years ago there was 10 times more
silver bullion than gold. Now things have reversed. There is 4 times
more gold bullion than silver. Silver gets consumed, gold doesn't.
Gold is 64 times more expensive than silver. Physical silver
inventories are running out. There is a supply deficit. The investment
world has not yet recognised this fact. People still think gold is far
rarer than silver."

The Motley Fool
http://boards.fool.co.uk/Message.asp?mid=9004129


"Someone is thinking, what do you mean, there is less silver than
gold? Six or seven times as much silver is mined than gold on an
annual basis. Yes, indeed more silver is mined per year than gold.
However, remember of the 500 million ounces of silver mined in the
world per year, all of it is used and a deficit must be met from above
ground silver inventory. This condition has existed for fourteen
consecutive years now."

Gold Seek 
http://news.goldseek.com/SilverInvestor/1066927296.php


"But how much gold and silver is there in the ground? In the ground,
gold is more rare than silver. The historic ratio is about 15:1,
meaning 15 ounces of silver were worth about one ounce of gold, and
this ratio was very close to the ratio at which the two were mined.
About ten to fifteen times as much silver was mined as gold. Today,
less silver is mined."

Gold Eagle
http://www.gold-eagle.com/editorials_04/hommel080104.html


"There is more than five times as much gold in the world as silver. If
people were aware of that, as you must make them aware, they would
switch from gold to silver in a heartbeat. Let?s face it, one of
gold?s major attributes is its known scarcity. All the gold mined
since the dawn of man would approximate the dimensions of the
Washington Monument. Gold is a scarce commodity. But silver is five
times scarcer. Its supply is one-fifth the size of the Washington
Monument..."

Investment Rarities
http://www.investmentrarities.com/11-13-00.html


"In essence, the silver market compared to gold is much smaller and
does not receive the same level of attention or investor interest.
While the total silver metal value is one-eighth that of gold, 10
times more silver is produced than gold. The market capitalization of
primary silver producers is a small fraction of primary gold
producers. More importantly, those involved in the primary production
of silver account for less than 5% of the silver produced, unlike the
primary gold producers which account for 95% of gold produced."
 
Macmin Silver Ltd.
http://www.macmin.com.au/AnnReport03.html


Search criteria:
"already mined" gold silver
mined "more gold than silver"
mined "more silver than gold"
mined "more silver" "than gold"

I hope the information provided is helpful. If you have any questions
regarding my answer please don?t hesitate to ask before rating it.

Best regards,
Rainbow

Very fast and concise !
thank you

Thank you very much for the rating and tip.
Best wishes,
Rainbow

With due respect, it is not true that "there is currently more gold
than silver in the world today, ..."  just less in reserves and
stockpiles.
The greater amount of silver (than gold) mined and sold each year goes
to consumers  - flatware and jewelry, etc., but it hasn't disappeared,
been consumed like petroleum is consumed.  It's still there, and could
flow back into the market if the price were high enough.

The silver industry and traders' quoted are talking about silver in
the commodities market, Macmin Silver Ltd, for example:
"In essence, the silver market compared to gold is much smaller and
does not receive the same level of attention or investor interest."

If silver were really as rare as suggested by the Washington Monument
comparison, it would be selling for more, but the continuous greater
production of silver  - and that by many producers -  supplies the
market generously.
Besides, that comparison is false:  it compares total gold ever
produced with the "supply" of silver, which obviously cannot mean the
equivalent total produced "since the dawn of man."

There is no doubt whatsoever.  More silver than gold has been mined.