GREY:CRMXF - Post by User
Comment by
hiker1on Mar 27, 2011 12:53pm
![](https://assets.stockhouse.com/kentico-cms/0342-00/images/Sprite.svg#id_Post_Views_Icon)
333 Views
Post# 18346930
RE: RE: Silver to be the investment of the Decade.
RE: RE: Silver to be the investment of the Decade.hiker1, the total world supply of gold ranges in the 155 to 168 metric tonnes range so better check that 10 million ton Chinese gold figure."
Wow, Big typing error, Willard, thanks for catching that one for us..........
Willard, I appreciate your comments and though I do not prefer to express all of my thoughts as to where the system may be headed, I will express that I strongly lean towards your outlook on things and thank you for your input in providing thought provoking topics for all of us to ponder.
Regarding Eric Sprott's comment on the ICBC Bank running that trial for 25% of their banks in Mainland China, I also must correct my post where I believe I typed 25 branches kind of thought rather than 25%.....
The comments on had they run the trial numbers based on 12 months it would have equated to 40 tons.......
Had they used all their branches, rather than 25%, it would have equated to 160 tons and all of this impacting an industry or market that only mines 2600 tons per year.
Should all the banks consider making such an opportunity available to their customers, the result would be mindboggling.
I know we're talking gold here and not silver but I'm sure many of us are also vested in a few gold plays as well and just the information out there alone, is worth getting a handle on for your own personal finances.
Thanks again for catching that error .........
Cheers!