I literally said that so you haven't been paying enough attention. I predicted it would happen in Dec 2021 and was wrong. There were no major silver withdrawals from LBMA at this time, that started happening ~March 2022 and look at it now. They are very close to a technical default with no silver stored there outside of the ETF's existing silver. The futures market will collapse with no available silver to trade and at the current depletion rate it would be 2-3 months if you considered there are no private holdings at the LBMA, which there are. You have to remember even the LBMA stated in 2021 that they nearly ran out of silver when they had 300M more ounces than they do now! The same is happening with COMEX.
My Dec 2021 prediction was based on my knowledge of the industrial consumption and the amount of "slack" left in the supply side. However it seems ~250M ounces of silver was found to supplement the miners to kick the bucket down the road another 9-12 months. They are now raiding LBMA and COMEX of their very limited supply of silver, the data shows this and is irrefutable so you no longer have to believe a silver stacker to see silver is in short supply, we were right and can prove it now.
I believe the reason 100s of millions of ounces of publicly known supplies of silver are being raided as we speak is the people that kicked the can down the road last year by supplying their own privately owned silver no longer can or want to continue doing that. Silver mining supply in 2022 will likely be less than even the heavily COVID affected 2020 so these people who gave away their silver last year are stuck now. In fact these same people could be trying to buy back what they gave away even cheaper right now. Smart move by them if so.
TLDR If silver was plentiful the vaults at LBMA and COMEX would not be nearly empty of non ETF owned silver. Even @Skol when he was talking about how much silver LBMA had just 9 months ago has stopped talking about this because they've lost 25% of their silver. You can't argue silver is plentiful if the major vaults in the world are all losing significant amounts of it can you? If silver was plentiful stockpiles would be going up, not down. And finally, the only reason price hasn't followed this information is due to the widely known manipulation occurring in the futures markets and the fact there is still a TINY amount of silver left for them to keep the ruse going. The manipulation is not only by the banks themselves to gain profit but at the behest of the real agency widely referred to as the plunge protection team that works THROUGH the banks with their own agents. The PPT has been working overtime this year as all fiat is collapsing due to printing too much. The PPT are doing a good job so far to protect the USD and weaken gold/silver. But when it comes to silver you cannot manipulate something you have nothing of and this is the problem facing the PPT directly with silver, and not with gold in the coming months.
Isn't it funny that there are legends about silver killing vampires and here we are at the precipice of silver killing the USD and by extension the United States of America and the biggest vampires in recorded history that control it. Although I am sure the players involved in this are well aware of it and will collapse (pull it) the USD before this and hope to install something else in the mean time.
As my friend Larry SILVERstein loves to say, what should be done about the USD?
