So all that to tell us that investment demand is sucking up any available silver and pushing the price up?
No kidding.
Add to that SLV Sprotts physical silver Trust (PSLV) (22 million oz)
Number of American Eagles sold in 2010 (34 million oz)
Number of Canadian Maples sold in 2010 (10+ million oz)
Number of Austrian Philharmonic sold in 2010, no idea but they are selling 1-2 million oz a month currently
Mind that's just 1 oz coins, no other denominations, bars or bullion
Add to that the Perth, Chinese and any other mints sales.
Investment demand is stripping the shelves and central banks have turned buyers.
We are in a currency crisis, people are bailing on fiat and traditional treasury and bond investments due to lack of faith in governments fiscal management worldwide.
Why is this so hard to understand?
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