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Silver Could Be The Greatest Investment of All Time As Paper Metal Sales at Comex & LBMA Are Near 3,000 to 1

Monday, February 20, 2017 4:17
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from The Daily Economist:

While China is currently in the process of trying to wrench price determination for gold from the Comex and LBMA, these futures markets still have absolute control over how the price of silver is determined in the spot markets.

And in a couple of recent podcast interviews, precious metal and bitcoin analyst Bix Weir announced that from his research he has discovered that the amount of derivatives being sold in relation to the amount of physical silver actually held in both the Comex and LBMA is close to 3000 to 1, with over 100 billion ounces being traded in 2016 for a registered inventory of only 30 million physical ounces.

Image result for comex silver paper contracts to physical registered

Crush the Street: I’d like to start off with your latest publication named $10,000 ounce silver if Donald Trump drains the silver swamp.  $10,000 per ounce silver, not gold?  And silver is sitting at around $17 per ounce… that’s a pretty high price and I’d love to get the details on this analysis.

Bix Weir: It goes back to silver and the price suppression scheme that’s been in place for close to 150 years… going back to the Opium Wars in the 19th century.  And then it got kicked into high gear when computers were invented in the 1960’s.  I do alot of work on the computer rigging side of the world and that’s what Roota (in Road to Roota) stands for (Root A) and was a term created by Alan Greenspan in the 1960’s when he helped create the computerized banking system.

What we see in the silver price today is not a silver market anywhere in the world that trades freely.  What we have in the Comex and LBMA is a market that trades electronically futures and options contracts (derivatives).  The Comex and LBMA are supposed to be a physical market, but it’s not, and you can tell by the volumes.  Every year they ‘supposedly’ transfer over 100 billion ounces of silver, and there hasn’t even been 100 billion of ounces of silver dug up in the history of the world. – Crush The Street

The key for this of course is when the manipulation ends, or is forced to end, it will suddenly cause a volatility spike unseen outside of a hyper-inflationary event as price discovery reverts back to a supply and demand model versus a rigged manipulated one.  And this has already begun with the Deutsche Bank testimony in which they, and several other bullion banks, admitted to have been rigging the price of silver for decades.

An end to the manipulation will see silver rise in a two-fold fashion.  First, the banks will need to cover their short positions that are currently active in helping to suppress the price in the derivative paper markets.  And second, once the price climbs in relation to the buying OR insolvency of these banks in defaulting on their derivative positions, the reality of how small supplies really are in the silver market will cause another massive spike due to its absolutely vital requirement to support the global technology sphere.

The gold to silver ratio is hovering around 68:1 right now, and nearly all analysts see silver as more depressed in price than its yellow metal sister gold.  And just as the discovery of oil made petroleum the most important global commodity for use in agriculture, industry, and energy, silver is well on its way to taking over this mantle as the world rushes forward in needing the metal for electronics, alternative energies, and all future technology to come in the 21st century.

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Total 6 comments
  • keithcooper

    Did IQs just suddenly drop whenever the word silver comes up? There ONLYT has to be ONE OUNCE of physicasl silver in the COMEX for a Billion “trades” or “conrtracts” to be traded…they are just trading that one ounce over and over and over again, some win, some lose, trade, trade, trade…the number has NOTHING to do with the amount of physical has to do with the number of trades of available silver.

    • Andy

      true enough, but the same applies to ALL metals – buy ONLY what you can physically hold

  • b4

    yup–if the silver aint there they just give you your money back and say the trade is not “available”–no run on the comex–no big deal–but if there is too many shorts and the price starts going up too fast the short covering drives the price up to who knows where..then it gets interesting -if your long which i am on physical only–plus own many mining companies which i see a million to 20 million $ gain in the years to come–we should start to see debt blow up sometime this summer world wide especially government debt which bodes well for metals and maybe stock markets cause it will be the only two viable games in town

  • Mosely

    The Next Big Thing

    Say goodbye to being abused online. Come see likeminded folks and kickback. We talk about what matters and we also take care of what matters with each other. A community is only as strong as it users are.

    Go check them out.

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  • VirusGuard

    Silver has been a flop for years after hitting $48 oz and then hitting a glass ceiling a few months back at $18oz

    Prices could go down as well as up and my guess is they still have more to fall before any major jumps upwards and i didn’t need a page of text to make that point

  • Jay

    You can still by Physical Silver a few bucks over spot . there’s no shortage. Silver is still being sold by on line bullion dealers. They are still advertising bargains. There is manipulation but that’s in every market.

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