Price of Silver will soar soon!
Friedman’s Silver Theory --
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Izzy Friedman. Simply put, Friedman’s Theory holds that, on a relative and absolute basis, there is less silver remaining underground than any other important metal.
https://www.investmentrarities.com/01-04-05.html
So profound is Friedman’s finding that I dismissed it at first [LOL, that Ted would dismiss anything bullish silver], yet given my respect for the man, I investigated his claim. I went to the mineral surveys of the United States Geological Survey (USGS) and reviewed their latest studies on the major metals for 2004.
The following table reflects their information.
Commodity Production Reserves Resource Base Reserves Resource Base
(………Metric Tons………..) (… .Years Remaining…)
Aluminum 30 million unlimited unlimited 100+ 100+
Copper 14 million 470 million 940 million 33+ 67+
Lead 2.6 million 67 million 140 million 23 48
Nickel 1.4 million 62 million 140 million 44 100
Zinc 8.5 million 220 million 460 million 26 54
Silver 20,000 270,000 570,000 14 29
Gold 2600 43,000 89,000 17 34
PGM 350 70,000 80,000 200 200+
(Platinum+Paladium)
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