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In reply to comment: 10 million ounces? That (see in situ)


You're misreading and misquoting me.

What I said was...that Canada and the U.S. are slated to mine about 65 million oz of silver in 2013.

While the RCM and US Mint are on pace to mint nearly 75 million oz of actual coins.

That's what I said.

Here's a link to break down the data a little bit.

He says it's 65 million oz in coins....with 57 million oz mined.

He's not counting an already 2 million more oz in numismatic sets and 5 oz America the Beautiful coins....which is why I set the annualized bar about 8 to 10 oz higher. Either way, the deficit just goes from bad to worse...