Ag….18Bio in reserves. Mined at 1Bio per year @ a loss per oz. Industry uses roughly 56% in non recyclable manner. Roughly 10% annual supply is recycled from previous stock. 20% goes to coin and bar. Real physical ratio mined is 8:1 minus the lose through indy usage is more like 3.5:1. 15% decline in production yoy. When the price jumps, so will production, however within 9 yrs the entire stock on planet will be gone. 16.5 yrs @ current production for au. So much fun to come. Supply & demand are constants whether we like it or not. Logic, reason & patience will prevail