The insanity of what gold and silver exchanges expect us to digest everyday is astounding!
Check out this headline from one of the fractional reserve gold and silver storage companies...Kitco.
LBMA: Trading Activity in Gold and Silver Drop Sharply in April
http://www.kitco.com/news/
"Trading activity fell sharply last month despite higher prices, according to the latest data from the London Bullion Market Association (LBMA). The latest clearing statistics reported 16.9 million ounces of gold was traded on a daily basis last month, “the lowest level since September 2014” and down 10% compared to March’s daily average of 18.7 million ounces. At the same time, the LBMA noted that gold’s average price last month rose 1.6% to $1,197.91 an ounce."
"Looking at the silver market, the LBMA said that April trading activity was also lackluster. The data showed an average of 112.9 million ounces was transferred on a daily basis, down more than 25% from March’s daily average of 149.7 million ounces, “its lowest level since November 2013.” The association noted that the silver average price in April was $16.32 an ounce, up only 0.6% from March’s average price of $16.22 an ounce."
END
Pretty bleak tone in this article right?
Or maybe not...how much gold and silver are we talking about here that was transferred from buyer to seller?
Do the Frickin MATH!!
Gold Transferred on the LBMA:
16.9 million ounces per day
16,900,000 x 250 trading days/year = 4.225 BILLION ounces per year!
*Considering there has only been around 6 billion ounces EVER MINED throughout history these numbers are STAGGERING! And the LBMA only publishes NET TRANSFERS and has estimated that the average gross transfers are 3x higher.
Rounding the numbers puts the LBMA Transfers at 12B ounces of gold per year or 200% of the total amount of gold ever mined in history!
And the Silver numbers are even more distorted...
Silver Transferred on the LBMA:
112.9 million ounces
112,900,000 x 250 trading days/year = 28.225 BILLION ounces per year!
*Considering there has only been an estimated 50 billion ounces of silver EVER MINED throughout history these numbers are also STAGGERING! And the NET TRANSFERS grossed up is also 3x higher.
Rounding the silver numbers puts the LBMA Transfers at 85B ounces or 170% of the total gold ever mined in history!
Staggering right?
WAIT!! Although most of the gold ever mined is still in bullion form - most of the silver is GONE FOREVER as it is consumed in everything from iPhones to Smart Bombs to Flat Screen TVs to Solar panels!!
Although Ted Butler puts the amount of available physical silver in the market at around 1B ounces, my arch nemesis Jeff Christian of CPM group claims there is around 3B ounces of physical silver in the world.
I'll give Christian the benefit of the doubt just because the numbers are so massively distorted already.
With 3 Billion ounces of physical silver available for trade in the world the LBMA is claiming it is transferring 2,800% of all the silver in the world....every year!!
Clearly these numbers are false so who is making them up? Let's go to the source of the new Silver Price Fix. Meet the current Silver Rigging Cabal!
LBMA Accredited Price Participants
"Six price participants have been accredited to contribute to the LBMA Silver Price are as follows: HSBC Bank USA NA, JPMorgan Chase Bank, Mitsui & Co Precious Metals Inc, The Bank of Nova Scotia - ScotiaMocatta, The Toronto Dominion Bank and UBS AG."These are the very same banks that rigged the LIBOR and Forex markets.
So why am I showing you this?
Because we need to WAKE everyone up and prove once and for all that there ARE NO PHYSICAL SILVER MARKETS and the price of silver is a fabrication by the Banking Cabal to keep their system up and running!
We also need to tell Kitco to change the title of their article to:
"LBMA Data Proves Fraudulent Trading By Participants of the Silver Price Fix!!""
It's all in the numbers.
May the Road you choose be the Right Road.
Bix Weir
www.RoadtoRoota.com PS - *Buy the book as it tells you all about who, how, why and WHEN!
The Book: "Silver, Gold, Bitcoin...and God!"
http://www.roadtoroota.com/
