Gold is found on every continent on Earth, except Antarctica. But silver? More than 55% of silver is found on just 4 of the 7 continents. So how much silver is there really in the world? To date, 1.74 million metric tons of silver have been discovered worldwide, according to the U.S. UU.
If you're looking to invest in silver, it's important to understand the different options available to you, including a Gold IRA rollover guide. The four countries that produce most of the world's silver are Mexico, China, Peru and Russia. According to the World Gold Council, nearly 198,000 metric tons of gold have been mined over time, compared to nearly 1.74 million metric tons of silver. Therefore, the amount of silver mined far exceeds the amount of gold mined. How much gold and silver are waiting to be mined? The World Gold Council estimates that there are 54,000 metric tons of gold left to be extracted.
That's compared to the approximately 560,000 metric tons of silver that are still underground. There are around 560,000 metric tons of silver reserves left around the world, the USGS reports. Peru's reserves top the list (120,000 metric tons), followed by Poland (100,000 metric tons), Australia's (90,000 metric tons) and Russia's (45,000 metric tons). The most common way to buy silver is to buy physical silver in the form of coins and ingots.
You can also get into the silver rush by buying shares of silver ETFs and silver mining companies, although buying precious metals ETFs could entail some risks. Whenever I can, I like to plan ahead. I prefer to keep an eye on the future and do everything possible to prepare myself and my wallet for whatever comes our way. For example, I recently read that the Consumer Price Index (CPI) data for October shows a small drop.
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Given the accessible industry data, it can be presumed that there are between 3 and 3.5 billion ounces of. Approximately ½ troy ounce per living human being. In the same 13-year period compared to silver, there were seven years that ended with a gold surplus. Silver seems to stick out like a sore finger and barely looks precious on the chart above until metals such as nickel and copper are also included in the following chart.