Silver, above ground, is more rare than gold! There is seven times as much gold above ground as compared to silver!
Monday, August 31, 2015
There Is No Silver Shortage - Confirms The Perth Mint
There is No Silver Shortage - confirms the Perth Mint - by illuminati Silver.
We were watching the regular ‘pumpers’ videos over the weekend and again discovered the usual suspects like Andy Hoffman and others, telling us that dozens of mines are about to close down and that a silver shortage will soon be upon us, if it’s not here already.
On the Silver Doctors video which was shown a few days ago, it was mentioned that Dealers were running out of silver and especially 100 oz. bars. In fact, they suggested (though did not use these words directly) that you had better hurry before even what’s left runs out. Well we took a look at the APMEX inventory, and indeed found a number of products out of stock. However, we also found that they had available approximately $2.5 million worth of silver bars and multiple million dollars’ worth of silver coins – in fact, we gave up counting after page 5. Interestingly we posted these figures in the comments section of their video, only to have it removed – we wonder why?
The original proponent of this silver shortage rumour is a Mr Ted Butler who in 2005 published an article entitled ‘The Friedman’s Theory’ stating that silver would run out in the next 29 years. However his figures grossly underestimate the amount of silver in the ground.
This is what the Perth Mint says about the 'silver shortage'
“Internet chatter about a looming shortage of silver should be treated with a healthy dose of skepticism. As we’ve seen recently, this conversation tends to surface whenever one or more of the world’s major mints announce they’ve sold out of silver bullion coins because of a spike in demand. The hype causes some buyers to panic and pay too much.
There have been a number of temporary coin shortages since the global financial crisis. But the scarcity of coins available for sale on each occasion did not equate to a shortage of metal in world wholesale markets.
What they actually reflected were constraints in the production capacity of bullion mints around the world. The ability to produce new coins quickly is necessarily held in check by the slowest process in the manufacturing chain."
So there you have it no shortage of silver just a shortage of coins held at bullion dealers and blanks at the various mints.
Please look at our other videos shown below:
First Video - Illuminati Silver - Silver prices are going to fall further:
World Silver Report 2015:
Silver prices to fall - Summer 2015:
Illuminati Silver - advice to New Gold and Silver Stackers:
The Truth about Costs of production and Most Silver Miners are not going Bust
Greece Crisis or Grexit? - No need to panic.
US Mint runs out of Silver Eagles - Don't panic nor be Conned
Greek Debt Crisis Update
Iran, Greece, Yellen and Precious Metal Update
Why Gold prices fell this morning - 20th July 2015
Mike Maloney Predicts $1000 Gold - We are Flabergasted says Illuminati Silver
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Debunking the Fact that Gold and silver prices are up in most of the major world currencies
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US Labor Force Statistics July 2015 and their impact on Precious Metals by Illuminati Silver
Bix Weir - Genius or Misguided? By Illuminati Silver
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Gold, Silver and Stock Market Update - by Illuminati Silver
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Harvey Organ - Playing the Same Tune or false Prophet?
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