just for the unmentionables.
SILVER ALERT! "Historical" Data Changes in New 2024 Silver Survey are Off the Charts!! - Bix Weir
This is all just lies, nothing but lies, especially from that Silver Institute, that lovely organization we're going to talk about. I did some digging and analyzed how many times they changed data points historically and why. What's their narrative? What are they trying to show the world? Why distort the true supply and demand dynamics in silver? They're deliberately altering these numbers for some agenda.
Right now, silver is still struggling to hit that $30 mark. God forbid it hits $30, right? Rustin Bham, the head of the CFTC, says we need to tamp down the price. Another way to tamp it down is with the ICE shares Silver Trust (SLV). All you crypto folks are excited about Bitcoin getting an ETF, but I can't think of anything worse for an asset class than to derivatize it. SLV is just derivatives with fake silver held by shady institutions like Black Rock and JP Morgan, the biggest silver rigger on the planet.
JP Morgan, Bank of America, and City Bank are the major players here. How do we know? Look at the OCC data on precious metal derivatives. JP Morgan alone has $225 billion in gold and silver derivatives. Bank of America has $84 billion. How much is all the silver on the planet worth? Probably around $90 billion. These banks could buy up all the silver and still have change left over. That's why the price is suppressed.
But what if there's no more silver left to sell? Would the price skyrocket to $1,000 or $10,000? Who knows? I stopped looking at the price and started focusing on the gold-silver ratio. Silver is the most important commodity, far more than gold, and the bankers know it. There's so much gold out there, millions of tons. The games are on.
The commercials, as Ted Butler says, are above the moving averages and they don't want silver to hit $30. Maybe it would trigger stop losses for the shorts, who knows? But they're definitely fighting to keep it down. They want it below the 200-day moving average, around $23.75. But they haven't been able to do it because no one wants to take that short side. Market riggers seem to be struggling, but they might pull something out of their hat.
I think this is the endgame. There won't be an election or debates this year. Biden won't debate Trump, and the Democrats won't debate anything. They need a financial collapse or war, maybe both. The fraud is evident in the Silver Institute's reports. They change historical numbers to make their current numbers look better. It's illegal, but they keep doing it. It's insane.
They can't even lie, based on what they did last year. But here's the catch: they don't want you to understand the supply-demand dynamics in silver. So, they put out false numbers, and each year, they become more and more inaccurate. The big issue is with photovoltaics. I've been digging into this for eight months now. I even reached out to Metals Focus and the Silver Institute, explaining the numbers and how to get them right. There's not much room for error here.
Last year, there was a 76% increase in solar installations, not the 64% they claimed. If you do some basic math, that's a significant difference. Just take last year's solid number of 140 million ounces and multiply it by 1.76. That gives you 246 million ounces. But they only accounted for 193 million ounces, ignoring the extra solar panels being stored everywhere. Why didn't they count those? Because it would mess with their narrative.
Then there's the issue of thrifting. They say they're taking out silver from panels to save costs. But that only works if the price of silver isn't going up. And guess what? It hasn't for three years. Even if you apply thrifting, their numbers are way off. That's because they changed the numbers from the previous year. In 2022, they claimed there was a 38% rise in silver use in photovoltaics, but it was actually double that. This whole thing is a fraud, designed to fit their story.
They keep changing historical numbers to hide massive supply-demand imbalances. Industrial demand didn't increase by 11%, as they claimed, but by 18%. Photovoltaics didn't increase by 64%, but by 38%. And the actual increase? It's closer to 76%. These numbers are way off, and it's illegal to provide inaccurate market data claiming that it's accurate. They're trying to push a narrative of a silver shortage, but the truth is far from it.
States but go check out private road more it's where I'm going to be delving deeper into these topics. One of the crucial things to keep an eye on is the Exchange for Physical (EFP) numbers. They can't deliver on the COMEX, so they go to the LBMA, which is shrouded in mystery. But the EFP numbers tell us a lot. This month, we've already seen 93 million ounces exchanged for physical, and last year, it was over a billion ounces.
You might think that buying into ETFs like SLV means you're buying silver, but it's actually the opposite. ETFs dump physical silver into the market, suppressing prices. It's the same with Bitcoin. Buying into the derivative suppresses the price of the actual asset. It's crucial to understand this dynamic.
There's an interesting article titled "Clean Energy's Dirty Secret: The Trail of Waste Left by India's Solar Power Boom." They're trying to argue against silver, but they can't deny its importance in solar panels. The sad truth is, at $30 an ounce, it doesn't make economic sense to extract silver from panels, except maybe in India, where labor costs are lower.
India has ambitious plans for solar power, targeting an output of 280 GW by 2030. That means a huge demand for silver. But where will it come from? Recycling isn't economically viable until silver hits $200 or $300 an ounce. The silver rigging by banks has misallocated silver, leading to a potential shortage.
We're facing a critical moment. If the silver price skyrockets to $100 or $1,000 an ounce, people might start tearing down solar panels to extract silver. It's a future nobody anticipated, fueled by the artificial suppression of silver prices. This year could be pivotal. We might see a collapse of the banking system, wars, and a scramble for silver. It's time to pay attention and prepare.
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