Charles Savoie did a yeoman's job of assembling the below factoid which runs for 217 benchmarks!
Let’s consider this source and the statements it’s made over a time frame of a generation, about silver supply. The time frame I chose was 1961 through early 1980; lack of time disallowed a check of the past 23 years. We keep hearing about being in the 14th year of a big silver deficit.
As you will see, actually this deficit extends at least to 1949, as one of the references (#214) shows. While you read these documented references, you might recall that on American supermarket shelves there used to be a drink called Tang, which was an orange powder mixed with water to produce fake orange juice. Fake, like Mr. Tang’s claim about severe oversupply of silver in China! To locate these shortage references, I reviewed the index to microfilm of the Wall Street Journal, 1961 through early 1980. Shortage references cannot be found by only reviewing the index; the entire article must be printed and reviewed. I may have missed some of these references in the review of hundreds of articles.
Many other references to a long term silver shortage undoubtedly can be found, including the Wall Street Journal, April 1980 through the present; New York Times; London Times; other dailies, and business magazines. All references below except the first one are from the Wall Street Journal. During this time frame, the only sources alleging a shortage wasn’t present were the Silver Users Association and a certain bullion bank in London still active as a partner to them, as we shall see. As we come to the close of the long era of suppressed silver prices we may anticipate that the severe oversupply of liars will include voices other than that of Tang. We have seen others in responses from CFTC, COMEX and Congress! As the phrase I feel lucky to have coined has it, “silver is in danger of falling below the price of manure” (because of the severe oversupply, according to shorts and users)!
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