Sentences with phrase «ounce of silver»

How many ounces of silver does it take to buy an ounce of gold?

For example, a Silver (SI) futures contract holds 5,000 troy ounces of silver, a Gold futures contract (GC) holds 100 troy ounces of 24 carat gold; and a Crude Oil (CL) futures contract holds 1000 barrels of crude oil of a certain quality that is standardized and specified in the futures contract itself.

If you check out the COMEX you have billions of ounces of silver traded every week, yet we only product 850 million ounces per year..

The company had to cut its 2017 production guidance from 49 million ounces of silver equivalent to 42.5 million ounces.

One box of American Silver Eagles — 500 troy ounces of silver — cost around $ 8,800 in late November.

For instance, when the silver - to - gold ratio hits 80 - which means that it takes 80 ounces of silver to buy one ounce of gold - silver prices usually climb.

Many investors wonder why the price to buy an ounce of silver bullion — whether it's a coin or bar — is so much higher than the spot price.

Just over one billion ounces of silver was produced in 2016.

Also, Bitcoin for the first time in history costs more than an ounce of silver.

The project contains a total measured plus indicated mineralized inventory of 1.7 million ounces of gold and 4.9 million ounces of silver.

Since the world produces 2.3 million ounces of silver each day through mining, this means the commercials sold 53 days and the managed money traders bought 61 days of world silver mine production in one five day trading week.

Exploration has progressed rapidly since the acquisition of the project in late 2011 and the Project now hosts 100 million ounces of silver in Measured and Indicated resources and a further 44 million ounces of silver in Inferred resources.

In February 1998, Warren Buffett disclosed that he had acquired 130million ounces of silver and stored it in a warehouse.

«So far we have identified 50 billion pounds of copper reserves, 12 million ounces of gold, 25,000 ounces of silver and 250 tons of molybdenum... Of this total, 53 % must stay in the country in the form of taxes on income and dividends,» Morales was quoted as saying.

Do you suppose that a few short years ago, anyone in Venezuela thought that having just one ounce of silver would one day be exchangeable for 6 months of food, or for an ounce of gold... a house?

The company pronounced the former Lexington mine's underground workings, east portal and decline to be in excellent condition, where a previous operator extracted 5,486 ounces of gold, 3,247 ounces of silver and 860,259 pounds of copper between April and December 2008.

The Fruta del Norte project, located in a 150 - km - long copper / gold metallogenic sub province in the Cordillera del Condor region, has probable mineral reserves of 4.82 - million ounces of gold and 6.34 - million ounces of silver.

Over its 13 - year life, the mine is forecast to produce about 4.4 - million ounces of gold and 5.2 - million ounces of silver.

That's about 2 ounces of silver, by the way.

A talent of silver weighs about 90 pounds, so 10,000 talents are around 13 million ounces of silver.

An ounce of bismuth is 50 to 100 times cheaper than an ounce of silver, and 2,000 times cheaper than an ounce of gold, Rosenthal says.

This established a government ratio of 15 ounces of silver to 1 ounce of gold.

When I was small my father gave me an ounce of silver, which for a short time awakened my interest in finance.

The fund concentrates on precious metals, owning around 1.5 million ounces of gold and more than 75 million ounces of silver.

Currently, the closest that a trader can get to creating a «dollar neutral» spread position in the futures market is to trade 100 ounces of gold against 7,000 ounces of silver.

There are markets for silver and there are markets for houses, and it doesn't take a genius to see the difference between the two: an ounce of silver is an ounce of silver, interchangeable with any other ounce of the same quality, but the value of a house — or any piece of property — ...

In saving us from the nightmare of the Quid & farthing, etc., Guvnor Morris and Thomas Jefferson combined efforts to give the US a simplified Thaller («short for» an ounce of Silver minted in the Ancient Czechoslovakian mining zone where the Curries got their uranium ores), and crucially, a decimal, or ten - based, system for fractioning the base unit.