Staggering Stats About Silver Supply

Posted: July 14, 2010 in Precious Metals, Silver

Let’s talk about silver.  Physical silver in my opinion is a no brainer.  At these prices it is cheap.  By now you should know of the manipulation if not get caught up here, here, here, here and here.  The suppression topic is now mainstream and we are told being investigated by the DOJ.  However, with the amount of corruption that can be found in every part of our government I would not hold my breath that anything will get accomplished through the DOJ or CFTC. 

Now lets look at other avenues that will eventually cause an increase regardless of  price suppression from bullion banks ie JP Morgan.  According to the there are incredible statistics that you need to know.

1. The ETF SLV is the main storage of silver and counts for 50% of the world’s supply!

2. The report does not get into whether or not the silver is actually in the ETF, refer links in post.  We know according to the CFTC bullion banks lever every one ounce of silver with up to 100 ounces! Yes, a leverage of 100 to 1.  Wow that is a recipe for disaster.

3.  The withdrawals from the SLV over the past sever weeks have been massive, showing the big players are quietly demanding delivery.  This will be the ultimate end game to cheap silver prices regardless  of  incompetence  from the CFTC and DOJ.  Since 2/26/10 17.9 million ounces have been removed from the SLV by authorized parties.  Wow!

4. In 2008 worldwide demand equaled 900 million ounces growing 19.5 million ounces a year over the previous 5 years, supply from mining and scrap was only 858.5 million ounces growing at only 2.2% a year.  Wow think about that stat!  Supply and demand no wallstreet con can overcome supply and demand over time.

5. In 1900 there were 12 billion ounces.  By 1990 there were 2.2 billion ounces in the world.  Today there is 1 billion ounces of silver in the world.

These statistics should help you understand why I am so bullish on silver.  Keep in mind silver demand will continue to explode from BRIC (Brazil, Russia, India, China) countries, alternative energy, electronics and people loosing faith in fiat currencies.

Article discussing these facts

  1. astyagun says:

    I would like to exchange links with your site
    Is this possible?

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