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Vincent5150's avatar

You've absorbed an absolutely inconceivable amount of information. You've inspired folks. You should be and feel proud.

You are also a thorn that They earned.

Hey look!! JPM is stacking. Ha!

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Paul Kaminsco's avatar

But where could this 'venue' possibly be? 40.7m oz is 1,266 tonnes of physical. That is 4.9% of global annual production.

For the last few months, Andrew Maguire has been saying that the Fed and Canadian Central Bank are the only gold/silver net shorts in town. Canada famously sold all its gold in the 90s and the Fed has (equally famously) never been audited. Who knows what they really hold?

What if the Fed and the Canadians have been sitting on a few thousand tonnes of silver that has not been disclosed? In 2000, silver was $5/oz. at that time 1,000 tonnes was roughly $160m, which in terms of a Central Bank balance sheet gets lost in the roundings of 'other assets'. They would not have had any obligation to disclose it separately.

If this is where the physical is coming from, it actually simplifies your idea. Instead of buying, 'cheaply', on 'another venue', (I have problems with the idea that anyone would be selling cheaply and I have no idea where such a venue might be) The Fed and Canadian Central Bank are simply selling from their previously undisclosed stock.

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