The Collapse Of U.S. Silver Stocks As Public Debt Skyrockets
Of course, the U.S. Government realizes this is not a sustainable way to do business, but at least for now…. we continue to have our Bread & Circuses, McDonalds & NFL Football for a bit longer. Furthermore, Americans have no clue that the U.S. Dollar’s world reserve currency status continues to disintegrate each passing day as more countries elect to by-pass the Dollar and trade in other currencies… especially the Chinese Yuan.
The Total Liquidation of U.S. Silver Stocks
One such asset the U.S. Government totally liquidated is its massive stocks of silver. In 1940, the U.S. Treasury held 3,135,000,000 oz of silver. That’s correct, 3.1 billion ounces. That is nearly four times the current annual world mine supply of 820 million oz.