they are supposed to be hoarding some few hundred million ounces. I don`t believe that. Neither do I belive what T Butler and others said.
No one of official side was there having made an audit, to confirm their possession. Such a number wouldn`t have made it up, without a price rising reaction from demandside. The price went down since 2011 not up- No one could have stealthily been buying up such a household number without driving up the price. Perhaps they bought SLV, but hardly outright physical stored in own vaults.
and even if true, a few thousand or say ten thousand private hoarders worldwide may own much more in total. Not gnoms and naysaysers like GG but people playing like a reader said, in the "Sackkarren-Liga", shifting and lifting dozends of masterboxes around. THousands or ten thousands of deep pocketiers ( also Chinese , Indian and Russian are not stupid enough having overseen the cheap-like- dirt -silver prices for almost 2 decades ) and are very likely having began ramp up their loads decades ago in physical form.
THis my opinion and no advice.
No one of official side was there having made an audit, to confirm their possession. Such a number wouldn`t have made it up, without a price rising reaction from demandside. The price went down since 2011 not up- No one could have stealthily been buying up such a household number without driving up the price. Perhaps they bought SLV, but hardly outright physical stored in own vaults.
and even if true, a few thousand or say ten thousand private hoarders worldwide may own much more in total. Not gnoms and naysaysers like GG but people playing like a reader said, in the "Sackkarren-Liga", shifting and lifting dozends of masterboxes around. THousands or ten thousands of deep pocketiers ( also Chinese , Indian and Russian are not stupid enough having overseen the cheap-like- dirt -silver prices for almost 2 decades ) and are very likely having began ramp up their loads decades ago in physical form.
THis my opinion and no advice.
