Last month we posted a report (which subsequently went viral) from an Apple contractor who claimed that Apple has delayed production on the new 27″ iMacs due to an industrial silver shortage in China.
New signs of an extremely tight wholesale physical silver market have now emerged, as a first-hand account has revealed that one of the largest and most famous German automakers is hoarding massive amounts of physical silver inside one of the most secure vaults in Zurich, Switzerland.
Financial writer Byron King, who viewed the massive German automaker’s silver hoard in Zurich stated:
Why does the German company store dozens of pallets of silver in a secure vault deep in the mountains of Switzerland? It’s simple, really. So that the metal is there when the car maker needs it. As one purchasing manager explained later in my travels, “For some metals, like silver, there’s no such thing as ‘just in time’ delivery anymore.”
In other words, this German company buys silver when it’s available. In fact, the company buys as much as it can acquire. Then it stores and stockpiles the material in a vault in the mountains of Switzerland, right next to the pope’s gold.
Ted Butler’s long anticipated panic buying & stockpiling of physical silver by industrial users appears to be gaining momentum.
Click here for MUCH MORE on confirmation the industrial HOARDING OF SILVER HAS BEGUN!
Price action suggests that there is no shortage at all. Prices rise when demand cannot easily be met by supply . Silver is in quite a downtrend right now so we have to think again about this situation. I’m a genuine Silver fan but the price tells me what’s happening. And the price tells me it’s losing value.
Is the market being flooded with paper silver for the benefit of industrial users hoarding physical silver?
Excellent. We should see $27 soon.
In other news, I had a shortage of flour the other day.
I sez to the checkout chick:
~~~~
“Just-in-time delivery sucks. Who wants to run out of flour and then go to the shop? I like specials, and I like to stockpile when I find a special. Plus making one visit to the shop for this every few months is more efficient than visiting the shop every month to re-load on some flour. Sure cuts down on receipts too. And if I run out, I simply open up a new bag. If I’m running low, I re-purchase well before reaching the bottom of the last bag.”
~~~~
The checkout chick nodded.
I store my flour in a shed far away from the pope’s gold.
@ Barrie
More like, are the industrial users taking advantage of the bank’s mission impossible, drowning the banks into their self- and readymade abyss?
Another jewish pump and dump scam.
I dont see this as unusual, I would think that any manufacturer would have what they need stored. At least thats how the manufacturers worked 30 years ago that I worked for. Doesnt seem to be any kind of shortage in silver, at least not where I live.
Unless you have stackers in high places getting phyz can be difficult. =Iran had to go thru Turkey to get billions in phyz gold. India has import tariffs on phyz (just lowered this week) = poor option.
It is getting difficult for the big stackers to acquire phyz. =You want a billion or even a million in phyz silver you will get laughed at, pay a hefty premium, and hope and wait for a few months.
If you are a small stacker you can get it, but even then. A good reason for people to stack especially on a dip (now) with good availabity. People see the paper (fiat) silver market and think there is just tons of phyz silver out there = not true, most of that silver has already been sold or “vaporized”
This from Jim Puplava intrview with Jim Rickards:
govt’s hold onto power.
b/c of devaluation price of Gold/silver has gone much higher
gov’t will try to impose a 90% windfall profit tax—UHHHH!!
fort know built in 1937 to hold all the gold confiscated in 1933
now gov’t does not have to confiscate, just impose gargantuan tax on sales (profits).
I’d comment, but then again I can’t even beat a chimp in a memory contest. Far from it from the looks of it…
Seriously though…since it is, (for those of us that hold physical silver and gold and believe there still are fundamental economic “drivers” for investment consideration), to say the least “anxiety-inducing” watching these Friday naked shorting of paper gold and silver to drive down the price…I have a few things to remind the investors reading his.
1. Has China, Russia, India, Indonesia, Thailand, Germany, etc central banks stopped their purchases as the prices drop while under attack? if so, I’d suggest caution adding to your “stacks.” if not, I would suggest the time-honored “averaging” method of purchasing: will purchasing now lower your average holding cost, or increase it (by that, I mean did you buy at $5/oz silver and $340/oz gold?) If so, you need to look deeper into whether this is a good time to add…or wait and see if the price will drop further before considering adding.
2. Has the “supply & demand” balance shifted one way or the other? By this, I mean are there economic indicators that governments world-wide “borrowing to pay off their debts” have succeeded in this “strategy” of printing and adding to the supply of paper actually created economic, sustainable growth to service said debt? If not, then I suggest you ask yourselves if you want to be holding paper or physical PM’s in the face of almost zero interest paid on said paper?
I answered myself NO, I do not see any credible evidence that the PTB have any goal of correcting this failing “strategy”…because it is not failing…for them: they are adding wealth hand over fist, including Central Banks adding to their gold holdings.
Which leads me to believe the shorting attacks are of multiple goals: cheap PM prices so they pay less while stocking up for the inevitable decline in paper currency while kicking the can down the road and maintaining their ability to print out of thin air and buy PMs unlike us: who must actually EARN our paper to purchase said PMs.
At the end of the day…”no one” takes farang’s advise (I talk to myself) and will add to my holdings as the prices drop. You see, if cans of tuna fish never spoiled, if bananas never rotted, if gasoline/petrol never went bad…I’d be ‘stacking” those too…but they do…so I’ll use my hedge of PMs to stave off my loss of purchasing power.
Up to you what you decide.
Got Silver and Gold, bitches???? No? Bwahahahaha, just wait….
http://www.silverdoctors.com/raid-90-million-ounces-of-paper-silver-dumped-to-smash-silver-towards-30/
Didn’t Ford try this tactic – hoarding paladium (or some other metal for catalytic converters) and ending up loosing big style?
Hey Bruce, I asked the checkout broad ‘why still no ravioli in?’ but got neigh reply.
Are Swiss vaults meteorite-safe?
BTW, can you imagine that asteroid on a slightly different, more vertical, orbit – exploding unexpected somewhere between Teheran and Benghazi?
To keep materials for essential components within distance of manufacturing is simply called MANAGEMENT, and part of management’s job is to anticipate future shortages affecting production.
@ D of T Wells; silver is the best investment anyone can make, however you have to have the ability to hold, because there is an economic-industrial agenda to reduce the number of short term investors. Big-time does not want small-time, particularly for an essential, industrial metal, which is only quoted as sourced ‘above ground’. Think about it before selling.