The Phaserl


The Coming Market Crash Will Wipe Out Global Silver Supply

from SRS Rocco:

The market doesn’t realize it yet, but the coming collapse of the global stock and bond markets will totally wipe out world silver supplies.  Unfortunately, this will occur at the time when main stream investors finally understand the value of owning physical silver. 

Global Financial turmoil and low silver prices motivated experienced precious metals investors to purchase record amounts of silver.  However, the market is starting to see a huge inflow of new and first-time gold and silver buyers.  According to Money Metal Exchange, they experienced a 365% increase in first-time buyers over the past 45 day period (June 16th-July 31st).

This recent surge in buying has put a huge dent in the retail physical silver market and is now impacting the wholesale market.  The COMEX suffered another large 1 million oz (Moz) withdrawal from its warehouse inventories today:

COMEX Silver Inventories 081115

The CNT Depository had 1.28 Moz of silver taken out of its Eligible category.  When we add up the other small withdrawals and the 443,807 oz deposit, the net amount of silver removed from the COMEX was 958,531 oz.  Almost another cool million ounces of silver removed in just one day.

Then we had a new update on U.S. silver imports from the folks at the USGS.   According to the data for May, the U.S. imported another 475 metric tons (mt) of silver.  If we add up all U.S. silver imports JAN-MAY, it turns out to be a whopping 2,510 mt (81 million oz).

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3 comments to The Coming Market Crash Will Wipe Out Global Silver Supply

  • rich

    Mainstream Media Gold Haters Should Really Be Worrying About What Is Going On In Their Own Backyard
    Forbes points out that a recent Bloomberg article higlights that the gold rout has cost China and Russia $5.4 billion, an amount that would sound colossal were it not for the fact that U.S. media companies such as Disney and Viacom collectively lost over $60 billion for shareholders in as little as two days last week.

  • The Truth

    Yeah Rich you know a whore likes to tell customers which people to stay away from because they may catch something without stating the she has. That is exactly what the corporate whore media does! Look over there don’t question what you see over here!

  • Randy

    What a boat load of CRAP!!! How can you lose anything that does not exist in the first place?? These pieces of fiat paper currency have ZERO determinable value to them, ergo they are without worth! So if I blow some air into your cupped hands, do you actually have anything there when you open them up?
    Just look at the facts for a few minutes, as long as you can manage, and see the truth that you cannot own anything that doesn’t actually exist. THAT is the real logic behind the court ruling about when you make a cash deposit at a financial institution, you lose ownership of it. It’s not really yours in the first place because it was created by FIAT out of thin air! You never had anything real to begin with, and so another part of the scam is to say that you can’t have it any longer, even when you never had it before!


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