![]() Using the information weve already gathered we can calculate that to be in the top 20% of all silver stackers worldwide, you would need to hold just 42oz of silver (assuming the 80/20 split). Honestly, if youve not fallen asleep already - CONGRATULATIONS. now you know it, ill bet you notice this rule everywhere and with everything now.įor a more accurate distribution of silver, i will now be assuming these figures: I can say this with a pretty good degree of accuracy, and you may have even observed this principle too in practice but never given it any thought before. This principle doesnt just apply to silver but to a wide range of alternative assets too. In a nut shell - the top 20% own 80%, and the other 80% own the remaining 20% of global silver. The principle doesn't stipulate that all situations will demonstrate that precise ratio – it refers to a typical distribution. The Pareto principle, also known as the 80/20 rule, is a theory maintaining that 80 percent of the output from a given situation or system is determined by 20 percent of the input. ![]() So what im going to use to get a more accurate number is something called the PARETO PRINCIPLE If youve followed this post this far, and understood what ive said, then you must realise that an even distributions like this very rarely ever occur. With just 4billion oz available, and just 3.8million people owning silver, this indicates that there are just 10.36oz per silver stacker. The numbers are beginning to look in your favour now. If you own silver, you are one of only 386 million people that do globally. WORLD POPULATION: 7,720,000,000 OZ of circulating silver bullion: 4,000,000,000 % of the population that own silver: 5% We can now use this information to crunch some numbers. Areas of the planet have a diverse range of stackers, with some parts of the planet haing a population that stack silver at 4%, with some countries population that stack silver at 11%.Īvaeraging out these figures, we get a global figure of 5% of all people have at least some silver bullion in their stack. ![]() ![]() By extrapolating data and making a few assumptions, we can reach a ball park figure globally. Theres clearly no accurate way of doing this as an individual, but by using my new best friend (Google), it does show me that there has been surveys and polls carried out in different countries. Now we know how many oz of silver bullion are out there, we now need to find out how many people there are that physically collect silver. Im going to be assuming 5 billion ounces(oz) are currently in circulation, as this will over estimate the number of oz needed to be held to make it to the top 1%.Īccording to GoldchartsRus countries around the world are holding approximately 1,000,000,000oz of the shiny silver metal, which leaves us to assume that 4billion oz remain in private hands. So when trying to calculate where i stood in the world of precious metals, i first need to work out how much bullion is actually out there in private hands.Īfter some pain staking research- enter Google, the closest i could get to actual figures was a span of numbers, ranging from 4 - 5 billion ounces(2021). Plain and simple, hard and fast, just your everyday bullion coins and bars. For the purposes of this blog, im going to be talking about private individuals not countries, not organisations, not trusts, not that dirty fake silver - ETFs. It may suprise you to know how little silver you actually need to have, to be in the top 1% of all silver stackers worldwide. but I got to thinking the other day how does my stack compare to others? Can enough, ever be enough!
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |