PREPARING FOR COLLAPSE: Record Eight-Year Silver Buying Intensity Continues
Steve St. Angelo
SilverSeek.com
September 29, 2015
While the Mainstream Media and Financial Network hacks delude Americans into believing the Fed and U.S. Treasury are in control of the financial and economic system, investors continue on a record eight-year buying spree of silver. This multi-year silver buying trend is unprecedented in history.
Precious metal investors need to understand just how different this current trend of elevated physical silver demand is compared to previous periods in history. Very few individuals realize that during the rise in the price of silver during the 1970’s, investors were net sellers of silver:
Silver-Price-1970’sTotal new silver supplies fell far short of meeting these requirements. From 1971 through 1978 there was a cumulative deficit of new supply over demand of 415.8 million ounces. The silver that filled this gap came from the 620.5 million ounces of silver inventories – many held by investors – built up during the previous seven years. By becoming net sellers of silver, investors replaced the U.S. Treasury as the source of silver to make up for a major, ongoing shortage of silver.
The Rest…HERE
