With the ongoing #SilverSqueeze and huge associated dollar inflows into silver-backed Exchange Traded Funds (ETFs), it is now time to look at which of these ETFs store their silver in the LBMA vaults in London, England, and to calculate how much physical silver these combined funds store in those London vaults. These LBMA London vaults are run by seven vault operators which comprise three bullion banks JP Morgan, HSBC and ICBC Standard Bank – and four security firms – Brinks, Malca-Amit, Loomis and G4S. While many eyes have been fixated on the mammoth iShares Silver Trust (SLV), that is only part of the picture, and there are 13 additional silver-backed ETFs that store their silver in London that people may not be aware of.
Behold, the Liquidity of Stocks: Retail Brokerages Suffer Widespread Outages As Short-Squeeze Surge Accelerates
Downdetector reports Robinhood, Ameritrade, E-Trade, Charles Schwab, Fidelity are experiencing issues or outages as the US cash session began around 0930 ET.
During the last 50 years we have seen 5 vicious corrections in the Dow of between 41% and 55%. But even with these corrections the Dow is today 39x higher than in 1971. There is another relatively small but important investment asset which represents only 0.5% of global financial assets. That asset is up 53x since 1971. But it hasn’t been an easy journey for this asset either. There were 3 major corrections in half a century between 33% and 70%. I am of course talking about gold.