Silver, above ground, is more rare than gold! There is seven times as much gold above ground as compared to silver!
Thursday, September 4, 2014
62% of Silver is used for Industrial applications
Some 62% of silver is used for industrial applications, 21% for jewelry, and 12% for coins. Given these used, the data argues that “95% of all silver consumed is gone, never to enter the supply side again.” Even so, “A real shortage in the physical markets is being completely ignored.” The paper silver market, Comex, sells 100 ounces of paper silver for every single ounce of physical silver available. The Comex price has been depressed by shorts, which are near record highs. The shorts are not held by producers locking in prices. The shorts have been purchased by banks, the CFTC, US Treasury and the Federal Reserve. The shorts have, “Crushed the price of silver,” and mining shares.
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
Posted by Gordon Silverstein