RE:Paper to silver ratio?I'll try to answer. You can view it to the right side of the US DEBT CLOCK website. The paper-to-silver ratio is 400 to 1, which means that there are 400 ounces of paper silver for every ounce of physical silver. This ratio includes all financial products derived from the physical silver market, such as certificates, options, and ETFs. Because of this ratio, only one in 400 paper silver certificates or contracts can be converted into physical silver. Some say that this disparity between paper and physical silver can be problematic for investors, and recommend investing more in physical silver bullion. Others say that paper silver is better suited for short-term speculation and may not always protect a portfolio during financial turmoil. In that case there is literally no real metal silver and all future options and etf’s (excepting PSLV) will settle in fiat. So silver skyrockets to $100 overnight. Contracts will be settled at $30/pre explosion and future options will be cancelled like nickel was. The paper leverage by the paper wizards is and will continue to be out of control until…they run out of every ounce of Silver. At the rate they’re going it might be this year. Then they’ll put it on the critical metals list and make it illegal to own otherwise you are a terrorist. Welcome to ‘merica.