I would disagree with that statement. Retail investment buys some 35 million silver eagles, 20 million canadian maple leafs. Not to mention the tens of millions of ounces of bars and rounds, worldwide. So retail buyers probably buy 120-150 million ounces of silver. Investment silver is considered 1000 oz bars. Even if you take 100 million ounces of retail silver, that is 1/7 of the total amount mined in a years. I think that is pretty significant.
How many more fingers does JPM have to stick in the dike? My guess is that the last thing the U.S. government wants to see is a flight to still buyable silver that could skyrocket.
Ben can transfer funds under cover so that JPM and other agents can buy a little time. The problem there is the profit motive in going with the trend is potentially too big, especially when you're on the inside and know when the dam will give way.
Good I want to see the Fed go broke between supporting silver shorts and the housing mess. Would be real funny having the Fed going to the Treasury asking for money...... Congress would have a coronary en mass given that they would actually have to pass some real hard austerity......