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 ....

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."

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 ???

Re: show me the numbers
 

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

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:

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.

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

Re: show me the numbers
 

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.

Re: show me the numbers
 

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

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.

Re: show me the numbers
 

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