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RE: The Manipulation Of The Physical Gold & Silver Markets Must Be Stopped. By Gregory Mannarino
It makes me laugh that silver is selling for $17.00oz but the US debt clock shows the value well over $800.
The debt clock does not shows the value of silver at $800. Instead, it shows the year over year increase in the U.S. Money supply divided by the yearly world production of silver. That ratio is currently $886 and in 1913 it was $2.65 but the price of silver in 1913 the average annual price of an oz of silver was $.60 (14.78 adjusted for inflation). I believe that the ratio doesn't translate directly in the price of silver. To me the real story is on the above ground inventory that have been constantly decreasing for decades. At some point this in balance in supply/demand/price will adjust to fair terms and when it does lookout above….
Hey countryboy, we got to keep stacking that silver. I have been for a long time but I still need much more for what is coming.