SFF - Daily Silver Fun Fact - SFF

There are currently 84 Million Oz's of Silver and 8 million 400 thousand Oz's of Gold used in our cellphones alone!

Current GSM research and basic mathematics allows us to do even more math below:

1. 84 million oz's is about 1/10 of the entire worlds mining supply just sitting there talking to one ear
2. 84 million oz's of silver today costs 1,288,000,000 dollars and in 2011 when we were using about 3 billion less mobile phones that silver tied up in those phones cost - 1,728,000,000 dollars - Wait what ?? We used up less of this precious commodity in our phones but cost of the silver used then was 440 million dollars more??? Yep those figures are right - If you dont understand the basic math used here then please contact the Commodity Futures Trading Commission.

Bonus - look at the current per second world increase in mobile connections here: www.gsmaintelligence.com

Math done using 7 billion connected phones(smart,mobile, pads), precious metals content taken from iphone 3
Sources pew research, silver institute, GSM arena, dreamstime