No, its only numbers on a screen as long as you want intangible goods, like insurance, for it.As soon as you want material goods, you have to turn those numbers into raw materials to produce the goods. So the maximum amount you have to play with is whats called the M3 money supply - the sum of the GDP + all the stocks and shares and savings and Credit of the country. if i own the iron ore, im not going to give it away free. what are you going to give me for my iron ore - and thats where you come unstuck, because in order to persuade me to give it away, we have to agree its value.
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But if EVERYONE owned the iron ore.. You are imagining a world without money where things are still owned. This will obviously fail.
Silver is not 'running out', silver is silver. There is as much now as there has always been.
You can only put a monetary value on something if there is a scarcity of that material. You can't charge someone for sunlight...or air. Therefore, if we dropped the materialist nature, we wouldn't need money.
If there is enough food for everyone. If there is sufficient means for transport for everyone, if there was enough energy for everyone, if everyone had a nice home...would use would there be for money?
1.Silver demand is currently at a higher level than silver supply from mining or scrap sources and has been for the last 12 years. Several official silver organizations have put this needed amount (deficit) at over 100 million ounces per year.
2.This excess demand or "silver deficit" is being met by already existing above ground inventories that are rapidly being expended. "Yesterday's Silver".
3.This above ground silver supply used to meet the ongoing deficit is largely being uneconomically dumped onto the market, meaning it is either changing hands or being expended for less than the average cost of silver production.
4.At some point this current above-ground silver supply will be inadequate and silver will then be set free as a function of today's (tomorrow's) supply/demand fundamentals.
CURRENT KNOWN RESERVES & RESOURCES
A large part of the future silver equation becomes "How much underground silver remains?" Are we running out of silver?
There has been a recent survey put out through the U.S. Geological Survey, "Mineral Commodity Summaries 2001".
They state that there were 17,900 tonnes of silver produced in year 2000. Second, they state there are 280,000 tonnes of "Recoverable Reserves" as of year 2000. Third, they portray a "Reserve Base" of 420,000 tonnes as of year 2000.
so, economically mineable silver reserve of approximately 9 billion (as previously listed) troy ounces or slightly more than 10 years of supply available to be mined at current prices, but only if you project silver to stay at current prices! You cannot project $35-$50 silver and still hang on to these same "Reserve" numbers!
So, the amount of silver is finite, and in 10 years if no more reserves are found, the price will start to rocket as demand massively outstrips supply, just like it has currently done with gold.
The same argument applies to almost all resources. The resources of the planet are finite and limited, and we are in some cases stripping them out, especially the non -replaceable consumables like oil.
Marine crisis:
North Atlantic cod stocks have collapsed from an estimated 264,000 tonnes in 1970 to under 60,000 in 1995.
Pollution:
The United States places the greatest pressure on the environment, with its carbon dioxide emissions and over-consumption. It takes 12.2 hectares of land to support each American citizen and 6.29 for each Briton, while the figure for Burundi is just half a hectare.
Shrinking Forests:
Between 1970 and 2002 forest cover has dwindled by 12 per cent. Thats more timber than we used in WW1 globally.