That is what the scamstitute said!
The real amount is much higher!
This year will be well over double that as the price has set up huge buys across the board!
This is about to all fall apart and all those shares short in the 8$ range still needs to be covered!
They been working this down for that reason and in the end it will backfire on them just as it did in 2011!
The scamstitute says 1 billion is what has left the shelves in the past 10 years but the numbers don't add up!
The math says well over 2-5 billion have been taken in just the past 5 years alone!
I bet with 2014 numbers there I bet over 1 billion left the shelves!
Heck just people I know bought thousands of ounces last year that had never owned any b4!
Times that times a million U.S. citizens and you have hundreds of millions just in America!
That would mean no Europeans of Asians bought any?
I read an article yesterday that showed only 522 million ounces had been mined to date!
That is way down from last year!
I bet all this recycled silver is down well past that in percentages wise!
Sprott has been saying this for years now to no avail as I know no one listens to me either as no mines has had to shut down do to losing money and inventory is so very high by just seeing what a few here have said!
Well over 50% of active mines from 2011 are still in operation and more are closing every day!
That is a 100% verifiable fact!
Why not move it into a silver fund backed by the real thing?
They have a couple that I know of!
Our putrid leader tried to steal Crimea and Ukraine and Russia pulled the rug out from under him as it was so easy!
Putin is smart and only does what is best for his people!
We being the bully are now in a corner whining about getting spanked for being one!
If our ignorant leader had any brains he would unwind what he has done and save face!I think his arrogance and ignorance(one in the same to me)wont allow him to do it!
Russia told everyone b4 they imposed sanctions that they would come out on top!
Well I think Europe got the message and also they are hoping Russia does not hold the energy thing over their heads because of the sanctions!lmao Of course they will:)
This has not even got ugly yet but it soon will get there!
The sanctions will be lifted very soon watch:)
I am loving it:)
You think 05 was any different than it is today?
I made over 4 times what I had invested and I also knew the bankers were behind that one 2 and saw many go bk or get bought out then in 06 I was on the receiving end of knowing the score:)
Silver will overshoot like last time only much further this time and the old high will be the new low going forward!
See mining is something I know a lot about!
I don't know it all but I know way more than most and that gives me the edge!gl
No I mentioned losses have consequences like bk where you said they can operate at losses for a long time well gm didn't make it very long now did they!
I proved a point!
Italy in my opinion stole over 40 million so why cant Russia do the same?
Turn about is fair play!
Obummer is already trying to get out of the sanctions already as he knows its backfired on him!
It was only 522 million ounces and we are at the end of September:)
If this number is correct the silver deficit for 2014 will be close to 300 million ounces!
At this rate they will be lucky to break the 700 million ounces mined!
I love it when the idiots cause such dreaded shortages:)
I sure made out good in 06 and again from 08-to date:)
Now I will see what 2015 brings:)
Man that is a very ugly number for the shorts as to cover with all those shares(ounces)short where will all the silver come from especially with the new exchange opening?
Was this why they opened it this year to seal the shorts fate?
Wait for some big investor to say he is purchasing millions of ounces of silver and see what happens!
Or are they keeping that quiet also as it is already going on?
I saw it!
Why cant they do what other countries are doing to them?
What is fair is fair!
Sure glad Russia didn't help Omar!
I guess with Syria they had had enough!
What do I care?
I don't wont will never buy a scam paper silver or gld paper gold certificate!
So what part of this scam are you tied to?
I know you are in some way cause you are always sticking up for the paper fraud!
Like I said this paper farce wont matter for long as the end is near for the blatant price fixing that is occurring!
Silver and gold isn't all that but the stock market sure isn't the place for security that's for sure!
At least silver will protect against inflation as what else is up over 4 times what it was in 2000?
Stocks?Not all have went up 4 times and some like gm went bk:)
I know I shorted it at 35$:)
Oh I forgot they could go on forever losing money like you say:)
Yep they made it what about 2-4 years b4 it all fell apart?
Well silver is at 2 years and gold at 2 years and it is falling apart!
The stock market is at its all time high and is will fall apart!
Keep the faith you deserve what is coming your way!
From what I read about slv and gld is that they don't have the metal and are true scams!
Some real digging shows this to be true but it wont matter cause soon there will be a huge shortage as there was in 2010-2011!
This one will be much worse!
All one has to do is see all the mines that have closed and or went bk as there are many!
There has been a lot of consolidating this past year!gl
It is because a new round of mine closures are on the block:)
That's what happens when they cant make money unlike what some say!
Stumble said they can lose for a long time well I guess a long time has come to an abrupt end!
Well I guess they have a long wait ahead of them!
We the peasants have more time than they do as they will run out way b4 we sell it to them for nothing:)
With silver in the 25$ range they lost out on over 100 million ounces of inventory and at present are down over that this year already and very close to 200 million and by year end they will be down over 200-250 million so it is only a matter of time b4 they run out of time just like God said he has but a short time:)
We shall see who wins this battle?Heavy hitters holding this time around and the cartel is losing the war at present!Supply demand war that is!
Soon it will be the price war!
So its mined at less than 15-1 and is used more than 15-1 so it don't matter I guess?
So how much above ground stocks are there compared to gold?
Now with that info the 60's-1 ratio is a bit high but when it all comes down to it it will get priced fairly and the ratio will converge!
Palladium is a prime example!
Yep peanut miners lmao!
One contributed millions of ounces per year that closed down!
Wait and see the huge shortfall in silver from 2014:)
Also what about the big mines that closed or never got off the ground?
Yep those would not have contributed against the huge shortfall of silver from 2013 and thus far in 2014!
Better wake up sport!
Wrong hell pay attn.!
How many were taken over or have just plain closed?
Heck even some of the bigger ones have merged or talked about it!
How many have had to take out loans to keep going?
The ones that are still here are either deep in debt or are on the verge of bk!
You are the one that is wrong but you just cant admit it!
Look up at how many have closed since 2012?
Then go back and re-state how wrong you are!
Heck Kinross closed a huge mine last year and shelved another one that was slated to open if they are doing so great then why did they lose millions on the project just to shut it down?
This is industry wide!Wake up!
None of them are doing good and if prices stay this low there will be more who go bk or close down!
Now tell me how wrong I am when the evidence is every where you look!