As the world continues down the road of self-destruction via its highly leveraged paper financial markets, there's a much more fascinating story worth looking at. Hidden from the majority of the public and misunderstood by many of the so-called professional metal analysts, is the Real Story Behind Silver.
One of the reasons why we are all in such a big mess today, is due to the failure of the analyst community to provide the public with honest, meaningful and proper data and information. As I have mentioned several times before, there's only a few good analysts out there.... and a whole bunch of losers. Unfortunately, the investing public has no idea that it is being misled due to this increasingly worthless shortsighted analysis.
Thomson Reuters GFMS put out a new Silver Update last month that was already covered by BrotherJohnF's website last week (which many have already seen). However, I took some time to closely examine the presentation and found some interesting charts worth explaining.
The first chart below has to do with the change in Silver Bullion Coin Sales. According to GFMS, they show approximately 43 million oz in silver coins sold in North America in the first 9 months of the year.
North America in the first 9 months of the year.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet