Most folk are probably aware of President Trump's message. [youtube]http://www.youtube.com/watch?v=L9npxa2_CqM[/youtube]
Silver imports for consumption in the United States from 2008 to 2016 (in metric tons)* https://www.statista.com/statistics/253307/us-gold-imports-for-consumption-since-2007/ February 1st, 2017 The U.S. silver supply will likely be in jeopardy in the future when the highly inflated paper markets finally crack. This is not a matter of if, but WHEN. If we consider the top two precious metals and copper, silver has the highest net import reliance as a percentage of domestic consumption. According to the data put out by the USGS U.S. Geological Survey, and the GFMS team at Thomson Reuters, the United States silver net import reliance as a percentage of total consumption, was 72%, versus 36% for copper and a negative 48% for gold: https://news.metal.com/newscontent/...reliance-in-jeopardy-when-paper-markets-crack
The Harbord List - Legislative History Of Stockpiling Objective - "The accumulation of an inventory of strategic and critical materials" https://books.google.com.au/books?i...age&q=The Harbord List of commodities&f=false 23 July 1946 I have today signed the Strategic and Critical Materials Stockpiling Act because it is important to the national interest that this Government have the power to acquire stockpiles. Harry S. Truman, President Of The United States Of America http://www.presidency.ucsb.edu/ws/index.php?pid=12461 Appendix A Page 47 https://books.google.com.au/books?i...nepage&q=Public Law 520 79th congress&f=false Total Inventory June 30 1975 Silver - 139,500,000 ounces
more than that was dumped the other day in paper, leading to a "loch ness monster" shape on the Oz POS chart. The Strategic Stockpile was disgorged some time ago. Ingots from this hoard can still be had and make a nice historical piece
Is Trump going to have his associates stockpile? Will the movers and shakers of industry start hoarding? You bet your ass you'll see more volume. If Trump wants to spend, other countries will also spend and that's a clear sign that metal will move, especially silver.
Judge Jeanine Pirro Wants To LOCK UP The MAYORS Of Sanctuary Cities NOW [youtube]http://www.youtube.com/watch?v=mRsjKVRA3j0[/youtube]
Silver Lining...Does that help? Perhaps this vid??? [youtube]http://www.youtube.com/watch?v=s2EPceT9s1A[/youtube]
In reality, the sovereigns sales were done to inflict that speculators-caused supply-demand imbalance less sovereign fiat for their ounces. And when the speculators want to buy gold, the sovereign purchases inflict them less ounczes for their sovereign fiat. Is it price rigging? I wouldn't call it that way since it's actually gold, no paper representations that don't represent. It's just how governments cope with people that try to avoid their sovereign fiat based theft.