BANKING CARTELS’ REAL ENEMY: Physical Silver Investment Demand
By: Steve St. Angelo, SRSrocco Report
SilverSeek.com
March 30, 2015
While gold is a main focus of the Central Bank market rigging apparatus, physical silver investment demand is their real enemy. The reason is simple. Central Banks have gold in their vaults to dump on the market (or to lease) to control the price, but they have very little if any silver for this purpose.
We must remember, Gold and Silver go hand in hand. If one is controlled, so must the other. If the price of silver got out of hand and skyrocketed higher, for whatever reason, it would impact the price of gold as well.
Which is why we continue to read and hear about “Industrial silver demand” from the typical banks and top industry sources. I have stated several times, industrial silver demand is a NON ISSUE. It’s a RED HERRING. It’s a DEAD END. However, this doesn’t stop these banks and official sources from continuing to put out reports on future industrial demand as an indicator of price going forward.
Now, I did see one report on silver investment demand by our very own Silver Prophet, Jeff Christian and the CPM Group last year. CPM Group put out a nice 50 page report on silver investment demand for the Silver Institute stating the following:
The report, entitled “Silver Investment Demand,” suggests that investors may accumulate as much as one billion additional ounces of silver in various investment instruments over the next decade. This is on top of the more than 860 million ounces of silver purchased as an investment since 2006.
I have to give the CPM Group credit for finally putting out a report on silver investment demand, but their figures are a TAD BIT LOW. According to Thomson Reuters GFMS 2014 Silver Interim Report, total silver bar and coin demand since 2006 came in at a whopping 1.3 billion ounces. Seems as if the CPM Group somehow misplaced nearly 500 million ounces (Moz) of physical silver investment demand.
The Rest…HERE
