China Silver Market Strategy, Western Central Bank Short Squeeze
China recently issued an announcement encouraging its citizens to purchase silver in addition to gold, a move interpreted as an attempt to call the naked shorts of Western central banks. This strategy has contributed to a significant price increase in silver due to high demand from defense contractors, aerospace industries, and solar technology manufacturers. With a global annual mine supply of 800 million ounces, large-scale purchasing by China's 1.4 billion people could potentially exhaust the entire global supply.
china· silver· short squeeze· central banks· naked shorts
00:00 The day before Iran basically sent those drones into Israel, China made this announcement, said, hey, everybody in China, start buying silver. Don't just buy gold, buy silver, because they knew that at that time you have all these hundreds of millions of ounces. You made the point that China was trying to call the naked shorts of the Western Central Banks. Yep, I did and I think that's what's happening because look at what's happened since silver to silver since that time.
00:38 skyrocketing, going through the roof. To me that's a function of supply and demand. You've got low supply, you've got high demand, you've got a short squeeze starting where the manufacturers of the world, the defense contractors, the aerospace industry, the fuel cell technology people, the solar people, they all need silver and there's not much available. Because China, they have 1.4 billion people, I don't know how many people how many of them are buying silver, but they made the announcement that you should do it. Well, Alex, there's 800 million ounces of silver mined in a year globally. And they've got 1.4 billion people, even if half of them, half of their population just bought one ounce.
01:22 Right, well, you basically take up all of the global supply. In the past, why did they step down right before these events happened? Cuz they wanna get their money, they don't wanna be blamed, I mean, what is it? Well, they wanna make sure that they don't actually get the blame and because they wanna leave with their golden parachute, right, before things collapse. I mean, I would say Part of it is ego. They don't wanna get blamed for what they cause, so they just step aside. And it's always the person holding the bag gets blamed at the time. But they also get to walk away with their money before everything falls apart. So I'm looking at some of these big dogs like Jamie Dimon, HSBC CEO, Klaus Schwab,
