Decided to do a sampling of the largest online precious metal providers inventory based

on 1 Oz amounts of gold and Silver. You may find interesting.

APMEX Phys Inventory Stock 1/10/19

Gold

Bars/Rounds 1 Oz Products only (non-mint so cheaper and more popular): 35 Products

2nd Mkt: 139

Brand name: 73

Apmex bar: 452

Apmex Rnd: 1

Argor Bar: 48

Argor Kine Bar: 17

Cred Suis (3types):337

Geiger:0

Istanbul:0

Metalor: 4

PAMP (4types): 520

Perth (3types): 158

Royal Canadian: 180

Royal Britain: 26

Rand:0

Sunshine:0

Scottsdale (3types): 51

Valcambi: 150

Valcambi 10X1/10th: 30

Random 1 Oz round: 0

2nd Mkt 1 Oz round: 1

Agor 1 oz round: 0

1Oz indian Round:52

1Oz hammered round:16

Total: 2,290 Oz Market value: 2.95Mio

Silver

Bars/Rounds 1 Oz products only (non-mint so cheaper and more popular): 78 Bars & 47 Rounds (125) Products

Rounds total Oz: 49,551oz 1 Oz Round inventory @ Spot $463K

Bars Total Oz: 21,415ov 1 Oz Bar inventory @ Spot 335K

>>4709367

If you subtract the 12th line down from the annualized mining total for each year you will find the % of annual mined Silver still in place. roughly 40% Then Statistica rates the annualized Gold production. For instance 2017 Ag 418M OZ after industrial AU 101.5M Oz. This based on Metric tonnes divided by troy OZ. Did from memory, so may be a couple decimals off, but usuall utilize 32250X # metric tonnes. Then average the last 10 years in total non industrial utilized Silver vs Gold production (this includes coins, jewelry & silverware). You get roughly Silver is produced and kept 4.5 times the amount of gold annually. Sooooo there is your true ratio indicator. Now will it ever get there, probably not, but for a mathematical physical Ag:Au ratio of the last 10 years, that's about as point as I have been able to get.