Reddit #silversqueeze redux

sorry not to include further detail:
the text explaining what i copied (i can't edit my above post) was "We should also note that most of the LBMA silver is allocated to ETFs already, of what isn’t is owned by someone so it’s unclear how much is available in terms of a ‘free float’. Most importantly the vaults aren’t independently audited, so it could be bullshit anyways"
and the source provided is https://www.lbma.org.uk/articles/london-gold-and-silver-vault-holdings-end-march-2021
with an indication to look at the update at the bottom.

SO, THE LINK IS TO LBMA'S "Record Stocks of Silver in London Vaults - End March 2021" AND THE UPDATE AT THE BOTTOM OF THE PAGE IS ACTUALLY AN ASTERISK - originally it posted:

(the asterisk refers above on that page "As at end March 2021, there was a record stock of silver held in London vaults. In total there was 38,859 tonnes of silver, representing an 11%* increase on the previous month, valued at $30 billion which equates to approximately 1,259,310 silver bars.)

and an asterisk indicates:
*A data submission error led to the publication of an incorrect aggregate figure for the total silver held in London vaults in March. The corrected figure is 1,143,194 Troy ounces ('000s).
 
HIGH-RES-Andy-Hoffman-Headshots-5-1030x622.jpg

Andy has forgotten more about precious metals than most of us will ever know, and what little he doesn't know ain't worth knowing. Hop on board the bitcoin train folks, because it is about to leave the station... cash in all your worthless metal...
 
on another more sombre note, I see that Timmy has an admirer...

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Oddjob said:
Looking forward to the upcoming sale of your worthless silver and gold at spot (or below) to enable your speedy investment portfolio transition to 100% crypto.
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[This is a good-will public service announcement] And yes, metals are "worthless" metaphorically speaking - as encapsulated in the traditional stackers saying, "Silver is poor man's gold, and gold is poor man's bitcoin."
 
norman_h said:
Yeah, but, bitcoin is about to take a big dive. Elon Musk has changed his tune...

https://www.abc.net.au/news/2021-05...purchases-over-fossil-fuel-concerns/100136126
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But Norman, this is the thing that I have always admired about you - that you have (for many years now) had a great sense of market timing. And now you have given the stackers a great inside tip (no doubt you have used multiple charts for this), that soon it will be time to buy the dip. :cool: I for one, will be carefully watching the market, for I have never known you to be wrong.
 
OT I know:

norman_h said:
Yeah, but, bitcoin is about to take a big dive. Elon Musk has changed his tune...
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The BTC payment thing for Tesla was never really a game changer. Who in their right mind trades BTC for anything really? The game changer was Tesla buying BTC as a treasury and now they've hinted at diversifying. Top of the list has to be ETH if the virtual signalling is to become more than just a LARP.
 
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g2nycl7s2vy61.jpg
 
In case anyone is interested I just read on TheSilverForum ...Spegtacular, was banned from Reddit for posting a warning on a silver bar that was tested less than 999 silver. Spegtacular YouTube

I’ve never had any Probs with Silver Gold Bull. I’m more intrigued by the Reddit ban. I guess that Reddit forum only wants hype conversation.
 
paruwka said:
In case anyone is interested I just read on TheSilverForum ...Spegtacular, was banned from Reddit for posting a warning on a silver bar that was tested less than 999 silver. Spegtacular YouTube

I’ve never had any Probs with Silver Gold Bull. I’m more intrigued by the Reddit ban. I guess that Reddit forum only wants hype conversation.
Click to expand...
Ivan gets a cut from wss bar sales. He doesn't want people raining on his parade.
 
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Its interesting that Jeff has never recanted with regards to his position on metal manipulation, even after all the court cases; it is unfortunate. The problem with Jeff, is that he is one of the most knowledgable people in the metals space, but the issue (most folks have) is that he was one of the instrumental figures in setting up the original paper market for metals. He has stated this years ago in interviews, about how he was asked [can't remember by who] to set it up.

There also used to be a video on YouTube (could still be there somewhere in the jungle) featuring Alan Greenspan where he blatantly stated on camera - with regards to the US government - that when he took the job as Chair of the Fed - he knew full well that the job would entail bastardizing the currency, and he said (with regards to the job requirements), "if you want me to print, then I will print!!", The gold-bug who sold his soul for the sake of high position and esteem in the world's eyes. He is the navigator who set the Fed on its current corrupt course.
 
Alan Greenspan quotes:

Before he sold his soul
“under the gold standard, a free banking system stands as the protector of an economy's stability and balanced growth... The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit... In the absence of the gold standard, there is no way to protect savings from confiscation through inflation”

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.”

After he sold his soul
“I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I said.”

“I know you think you understand what you thought I said , but I'm not sure you realized that what you heard isn't what I meant”

Undoubtedly a man of high moral standing, thanks a lot Alan.
 
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