Silver Price Watch
- Thread starter STKR
- Start date
So we've got 1.25 Billion Oz's of known available aboveground silver at the LBMA and COMEX.
There's an estimated 3-5 Billion Oz's of investment grade bullion in the hands of individual stackers. That's 3-4x more than the LBMA and COMEX and 100x more than BlackRock. The doesn't account for jewellery which, IMO, jewellery would contribute the scrap metal refining numbers each year. It's kinda of like all the money and assets in the world, we the people hold more than the elites. We hold all the power when we're united, and that's why they need us divided.
I won't be confident that it's Silver's time until we see a significant draining of the LBMA and COMEX. I believe the show will begin when that 1.25 billion Oz's drops to <500 million Oz's.
There's an estimated 3-5 Billion Oz's of investment grade bullion in the hands of individual stackers. That's 3-4x more than the LBMA and COMEX and 100x more than BlackRock. The doesn't account for jewellery which, IMO, jewellery would contribute the scrap metal refining numbers each year. It's kinda of like all the money and assets in the world, we the people hold more than the elites. We hold all the power when we're united, and that's why they need us divided.
I won't be confident that it's Silver's time until we see a significant draining of the LBMA and COMEX. I believe the show will begin when that 1.25 billion Oz's drops to <500 million Oz's.