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Statistically, COMEX cannot meet its required delivery of 50million ounces of SILVER as it only has about 20 million ounces left. This will lead it to force cash settlement which will leave it open to $230nillion in defaulted contracts to pay for. Worse, the Stock Markets around the world are utterly dependent on Hi-Tech stocks. These all depend on safe supply of SILVER. During the last five years, consumption has way outstripped supply from the mines, and the shortfall has been made up by using warehouse stock. Well. the warehouses have run out. THERE IS NO MORE SILVER... So, three guesses what will hasppen when Tesla,Samsung and Apple will have to put their manufacturing workers on part time at best? | ||
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Fifth Column Freeper![]() |
China Is Weaponizing Silver Using Export Restrictions “China just weaponized silver. And they did it while Americans were busy arguing about whether bitcoin is real money.” Silver now finds itself at the center of a geopolitical wrestling match over critical elements. In what is clearly an effort to control the market, China recently announced export controls on silver. This could exacerbate global supply shortages already creating a significant silver squeeze. Under the policy that took effect on January 1st, only large, licensed, state-approved companies with an annual silver production capacity of 80 tonnes and a credit line exceeding $30 million can export silver. According to analysts, the rules will lock hundreds of small and mid-sized exporters out of the system. These smaller firms are key suppliers to industrial users and silver refiners around the world. The government recently released a list of 44 companies approved to export silver under the new rules. Silver spot price...$80.00 an ounce S/G Ratio...56:1 Got PHYZZZZZ? Glp | |||
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i've seen these spike in silver year past. Once where some Mo-Mo's tried to corner the market and the price soared. This is another manipulation--as all of the precious metals are heavily manipulated. | ||||
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