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- - show me the numbers (http://goldismoney.info/forums/showthread.php?t=27298)

onepence | 12-23-2005 06:28 AM
show me the numbers I was doing a little math exercise and I was wondering if I did the math right ? http://www.nymex.com/sil_fut_wareho.aspx Silver Warehouse Stocks Troy Ounce as of close of business: 12/22/2005 Total Eligible 50746881 .... so if I am reading the data right about 51000 {fiftyone thousand} one thousand oz bars are up for grabs .... .... as a side note I think tradtionally speaking the Islamic nations had silver coins that measured about 3 grams ???? ... ... ... so .... again if i did my math right ??? .... (1000 0zs * 31)/3 = 10333 coins each 1000 oz bar could produce approx 10k coins of 3 grams each and then if you take 10k * 51000 then we have only 510 thousand coins ... I don't know maybe my #'s are wrong ... anybody care to elaborate on my rough estimates ?? ... 510 thousand coins seem rather small I must have did my math wrong ....

onepence | 12-23-2005 06:59 AM
Re: show me the numbers 3 grams is correct traditionally speaking in terms of Islam and measurements of silver oneness dh "The Islamic Dinar and Dirham, mentioned in the Holy Quran, unlike paper currencies that are government debts, are backed by itself, that is, by its own gold content. It is not a promise of payment but is the real payment itself," said Dr Obaid Saqer Busit, director general of ports and customs. "The coins are being minted by the London-based Islamic Mint in four denominations of one and two dinar in gold and one and five dirham in silver and are of the traditional weights and measures that existed in the Umar ibn Al Khattab era. The 23 mm-diameter one dinar contains 4.3 grams of 22 carat gold of 91.7 per cent purity. The 26 mm-diameter two dinar has 8.6 grams of 22 carat gold. Both 25 mm-diameter one dirham and 27 mm-diameter five dirham coins hold three and 15 grams of pure silver respectively, equal to 999 percent purity."

onepence | 12-23-2005 07:08 AM
Re: show me the numbers ok ... here is where I did part of my math wrong and then if you take 10k * 51000 then we have only 510 thousand coins ... actually 51000 X 10000 = 510,000,000 so maybe 510m coins of 3 grams so every american {255m people} can have 6 grams of silver ???

onepence | 12-24-2005 03:34 PM
Re: show me the numbers Quote:
Originally Posted by onepence ok ... here is where I did part of my math wrong and then if you take 10k * 51000 then we have only 510 thousand coins ... actually 51000 X 10000 = 510,000,000 so maybe 510m coins of 3 grams so every american {255m people} can have 6 grams of silver ???
just a bump ... my numbers are correct yes ? indeed silver is very very rare if all that is left eligiable for distribution is 6 grams per american ... seems as if I had heard that stat before ?? ... anyway any confirmation that my numbers appear to be right ? ??? oneness dh

Prometheus | 12-24-2005 03:44 PM
Re: show me the numbers math seems right to me... I'm over my quota I suspose... I'd better let .gov know so they can redistribute... ain't fair! :haha:

GoldenSheikUrBootie | 12-24-2005 04:14 PM
Re: show me the numbers Silver stocks are 120 million troy oz. and 7 million troy oz for gold. Gold delivery in December was 3 times the volume (21,051 contracts) compared to silver delivery (7,545 contracts). What happens if they run out of PM's??? Another 2 or 3 months and we could find out.

onepence | 12-24-2005 04:28 PM
Re: show me the numbers thanks guys for the confirmation ... like I said I think I had read the stat somewhere before ... but ...wow... when you start doing you own research and due dillagance then all the reports come more alive ... oneness dh

Ponce Cuba | 12-24-2005 04:46 PM
Re: show me the numbers Quote:
Originally Posted by onepence ok ... here is where I did part of my math wrong and then if you take 10k * 51000 then we have only 510 thousand coins ... actually 51000 X 10000 = 510,000,000 so maybe 510m coins of 3 grams so every american {255m people} can have 6 grams of silver ???
Less than two silver dimes per person in the US......doing my share to make it more even....between yesterday and today I gave away three of my one oz silver rounds.

onepence | 12-24-2005 05:15 PM
Re: show me the numbers Quote:
Originally Posted by Ponce Cuba Less than two silver dimes per person in the US......doing my share to make it more even....between yesterday and today I gave away three of my one oz silver rounds.
excellent ponce ... wrote you a note on anothere thread ... also be careful in givin away your wealth ... you still got a lot of years ahead of you ... and I definatelly can appreciate how you have built up your own private fortress ... but God willing there will come a time for you to make equtiable trades and have a rather large influence in local/regional economic developments/decisions. oneness dh

Ponce Cuba | 12-24-2005 05:24 PM
Re: show me the numbers Well I am planning in taking over this one mule town in order to save it, like I said before around 76% of those here are either on welfare or food stamps......and I wont even count the drugies, have three of them right next to me. I do know that I wont be able to even trust the law, they are under investigation by the FBI for having a drug lab and the number one sheriff had to retired last year......he had around a million in cash in the Bahamas and also a large collection of old cars plus a hell of a large property. I am not worry about the enemy because the enemy will be anyone that enters my property :boxing: put them up.

onepence | 12-24-2005 05:40 PM
Re: show me the numbers Quote:
Originally Posted by Ponce Cuba Well I am planning in taking over this one mule town in order to save it, like I said before around 76% of those here are either on welfare or food stamps......and I wont even count the drugies, have three of them right next to me. I do know that I wont be able to even trust the law, they are under investigation by the FBI for having a drug lab and the number one sheriff had to retired last year......he had around a million in cash in the Bahamas and also a large collection of old cars plus a hell of a large property. I am not worry about the enemy because the enemy will be anyone that enters my property :boxing: put them up.
pretty awesome ... I do understand where you & others are coming from ... but you may wish to give America a second chance ... I mean when the time comes and she calls back her coins ... I mean what is the point of fighting her ? ... if she gets broken over a simple little thing like coinage how sad would that be? ... ... it also means some global enity will come by with more fire power than an individual or small groups of individuals could ever hope to combat ... ... ... ... ... I mean I love America ... even with all of her grotesque problems ... to see her wasted because of her economic decesions just seems so sad to me ... I mean as individuals we have given coins to the poor ... and who is the poorest of the poor in America ... personally I think it is our political leaders. oneness dh

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