‘$15 billion worth of world silver inventories’

Samtidigt tog Alibaba in $8 miljarder i en finansiering (länk), halva värdet av den totala mängden silver inventories varav bara en liten del tillgängligt att köpa. Hoppas det framgår hur löjligt lite silver det finns där ute i förhållande till mängden luftpengar som skapas ur intet varje dag. Mer om hur extremt tajt silvermarknaden är läs senaste av Ted Butler:

I remain amazed that the world continues to miss the most important distinction between gold and silver, namely, how much of each exists. After all, something has to explain why the world’s investors are completely unaware of the physical and financial facts surrounding silver. I’ll tell you straight out – if there were only $15 billion worth of gold inventories in the world, I’d probably be a bigger gold bull than silver bull – if you can imagine that.

Fifteen billion dollars is such a pitifully small amount for what might exist in world inventories for either gold or silver that it would be reason enough to buy either if that valuation applied. Well, it does apply to silver and doesn’t apply to gold where the amount of gold in the world is measured in the trillions of dollars ($6.5 trillion, to be precise). Furthermore, very little of the $15 billion worth of world silver inventories is available for sale – according to ETF and inventory flows. I can’t prove it, but I doubt that if someone tried to buy just one billion dollars’ worth of physical silver currently (60 million oz), the transaction could not be completed below $30.Silver analyst Ted Butler: 19 November 201