Where did you get your facts on there only being 3 billion ounces of silver? To date there are estimates of well over 50 billion ounces of silver that have been mined. As an FYI, there have been about 5.5 billion ounces of gold mined.Sheep don't have a choice where they graze, that decision is made by their shepherds. What should we care where the sheep are led, they are doomed 5 ways anyhow. As far as I am concerned anyone who trusts their life savings to a suit and tie after the last decades of disastrous losses deserves what they get.
In fact I am content they are going down that road. Imagine if they were all out there buying solid assets, real tangibles that will increase in value as our oil economy collapses. What would be left for us? The total above ground silver in the world for example amounts to roughly 3 Billion ounces. At today's price that's US-70 Billion dollars. Now there is 32 Trillion held in Pension funds in the US alone, or about 460x the value of all physical silver worldwide.
One way of seeing these figures is to consider that if 70,000 middle-class investors in Australia decided to put 100 grand into silver, they would buy up every ounce on the planet. I could only imagine what the price of silver would be today if the masses had caught on. One day they will no doubt, at the very top of some future silver price bubble like they did in the late 1970s. That will be a good opportunity to sell some and take massive profits. But silver is just one play, there is a whole raft of solid investments out there from copper mines to water companies that will all prosper in the future we discuss here. But Tesla? GM? US Bonds? Good luck with that stuff.
Yes that pie chart is a little misleading in the fact it focuses on all mined silver but it shows where the silver goes which is important.To date there are estimates of well over 50 billion ounces of silver that have been mined.