/biz/ - Business & Finance

>>56161121
Someone else correct me if I'm wrong, but this is my general understanding --

Top left number: Silver ounces sitting in a comex vault waiting to actively trade
Top right: Silver that is ostensibly in the system, but owned by big banks. Can be transfered to the left column if said banks are willing to settle for cash. (They don't like to do this for obvious reasons but may fall on their sword if the left column gets too low.)
Bottom left: Total Silver ounces owned by the Comex
Bottom right: Total leveraged paper contracts that banker's use to play their paper games. Each contract is for 5x 1000 oz comes bars.

125,750 contracts X 5000 oz = 628,750,000 paper oz or roughly 3x the total silver that actually exists in the comex. Or about 15x the amount people are actually willing to trade. If everyone decided to trade their paper in overnight, the price of Silver would multiply 15x at a bare minimum. (More, because scarcity would lead to a bidding frenzy.)

>>54789205
My booba coin finally arrived.