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27/11/21

07:27

Post #: 57898592
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Originally posted by happybear45: ↑

Imagine LBMA having 5% of all the gold ever mined and only 2% of the silver. I wonder where all the silver is?

This is exactly why the silver squeeze will kill the paper markets, there is so little actual silver out there and not many people know it. LBMA only have $28 billion worth of silver but that doesn't mean it is available at a certain price, just means it potentially exists at LBMA. And no one is denying there is about 200K-400K tonnes of silver left in a form >75%, so it isn't about running out of silver skol. It is about the realization that silver is much much rarer than most people know and that the majority of mined silver goes into industry currently. Actual silver bullion that exists around the world would closely match total gold stockpiles, how many people know that silver and gold bullion as it stands right now exist in very similar quantities around the world? Virtually no one.

For over 25 years silver supply has been less than demand and past silver stockpiles were required to bridge the gap. Silver is literally disappearing into products, most of which will not be recycled, year over year. Hundreds of thousands of tonnes of silver have already been put into dumps needing prices higher than $10000oz to make it economical to recover.

So you have growing demand for silver and decreased supply and you now have an inflationary environment where silver has excelled over thousands of years of history. Sounds investable.

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how many people know that silver and gold bullion as it stands right now exist in very similar quantities around the world? Virtually no one.This is exactly why the silver squeeze will kill the paper markets, there is so little actual silver out there and not many people know it.
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What a load of bollocks, as usual no figures to facts, just the usual goldbug "we're running out of silver".

"Not many people know it..."

Yeah, only people like you know it, it's all secret squirrel stuff. Where do you get this Schiff from?
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