How Much is US$700,000,000 Worth in Silver Bars?
Recently, the figure of US$ 700,000,000 keeps appearing in most social media and newspapers. No matter how true the stories are, I am sure many Malaysians have problems visualizing that kind of money.
This keeps me wondering, how much exactly is US$700 million or Malaysian Ringgit RM 3,041,570,000?
First of all, this is a beautiful 100 Ringgit Note. It is currently the biggest Malaysian denomination commonly seen.Help you make friends wherever you go. :P
Now, we all know this big wooden pallet you always see at Giant or Tesco supermarket.
If we stack all RM 3,041,570,000 in RM100 notes and put them in these pallets, what will it look like?
Macam like some Mexican Druglord.
Interesting fact: 1 million ringgit weighs 10kg exactly. You are looking at 30,000 kg of ringgit on those pallets.
Ok now, the important question for the silver investor is: How much is RM3 billion or US$700 million worth in SILVER?
Average 2014 silver prices are at the average of $16 an ounce.
This means 700 million US dollars can buy you 43.75 million ounces of silver!
Option 1: Buy Silver Mines
In all of 2014, world silver mine production is at 877.5 million oz. For example, Russia is the 7th largest silver producing country at an output of 42.9 million oz in 2014.
Here is the epic story:
With US$700 million, you can buy the whole year of Russia’s mine production (42.9 million oz x 16 dollars = 686.4 million) and still have US$13.6 million left to build your own mansion at Damansara Heights!
Option 2: Buy Real Physical Silver Bars
43.75 million ounces of silver is equal to 437,500 pieces of 100 oz Royal Canadian Mint Bars weighing 3.11 kg each.
You will need to rent a James Bond Inspired Vault from Bank Negara to store this 1,360,625 kg of silver bars!
So what is the moral of this blog post of the month?
It is to show you how SMALL the silver market is. With just a few hundred million dollars, you can buy some country’s annual production and still have left over change! The market is so small that any billionaire investor can easily drive up the price anytime once they spot the silver shortage.
It is to show you how CHEAP silver is at today prices. With just a few hundred million dollars, you can buy so many rare silver bars that you have no space to store them. The fake papers markets have suppressed the real price so much that most mines are selling silver AT A LOSS!
Silver is the 2nd most useful commodity after Oil! This situation will not last as the world will need the REAL PHYSICAL silver in the long run.
This is the silver opportunity that most Malaysians are seeing today.
Until silver is getting more expensive and convenient to carry around, you know you can become rich by stocking up at these artificially low prices! If you do decide on buying any silver bar today, we provide FREE SHIPPING within all Malaysia including Sabah & Sarawak!
Besure Pte Ltd is a Singapore registered bullion dealer offering GST exempted silver bars for savings and investment within Malaysia. We guarantee our silver bars' authenticity by the Besure Certification Process™. It allows Malaysians to invest in our silver bars with the ultimate peace of mind. Like Our Facebook Here!