Serpo
15th February 2013, 01:32 PM
Last month (http://dailyresourcehunter.com/the-silver-shortage-of-2013/)we posted a report (http://www.silverdoctors.com/is-ted-butlers-silver-panic-imminent-apple-contractor-claims-new-imac-production-delayed-over-silver-shortage/) (which subsequently went viral) from an Apple contractor who claimed that Apple has delayed production on the new 27″ iMacs due to an industrial silver shortage in China.http://www.silverdoctors.com/wp-content/uploads/2013/02/German-silver-shortage.png
New signs of an extremely tight wholesale physical silver market have now emerged, as a first-hand account has revealed that one of the largest and most famous German automakers is hoarding massive amounts of physical silver inside one of the most secure vaults in Zurich, Switzerland.
Financial writer Byron King, who viewed the massive German automaker’s silver hoard in Zurich stated:
Why does the German company store dozens of pallets of silver in a secure vault deep in the mountains of Switzerland? It’s simple, really. So that the metal is there when the car maker needs it. As one purchasing manager explained later in my travels, “For some metals, like silver, there’s no such thing as ‘just in time’ delivery anymore.”
In other words, this German company buys silver when it’s available. In fact, the company buys as much as it can acquire. Then it stores and stockpiles the material in a vault in the mountains of Switzerland, right next to the pope’s gold.
Ted Butler’s long anticipated panic buying & stockpiling of physical silver by industrial users appears to be gaining momentum.King begins the narrative (http://dailyresourcehunter.com/the-silver-shortage-of-2013/)by explaining that he was recently given a tour of one of the largest private vaults in Zurich, Switzerland, the same vault that houses the Vatican’s massive gold hoard:
Last summer, I visited a storage vault dug deep into solid rock and buried in the hills north of Zurich, Switzerland. It’s a massive complex, right down the road from a Swiss Army base (and that’s no accident). You can enter this facility only by prior appointment, because the Swiss customs department has to do a background check on you. The Swiss are very thorough, you may have heard.
http://www.silverdoctors.com/wp-content/uploads/2013/02/zurich-silver-vault.pngSource: Daily Resource Hunter
The vault is constructed with huge steel beams and enclosed by thick, reinforced concrete walls. Accompanied by an armed guard, you have to walk down a long, sloping set of corridors and then take an elevator to get to the deep levels. Heck, it’s like visiting a secure, military command bunker — of which I’ve seen a few in the course of my life’s journey. Finally, after a hike, you arrive at the business end of this facility.
This is no fly-by-night, rent-a-locker storage operation just off the interstate. It’s world-class. It’s a Swiss Fort Knox. In fact, in one zone of the vault, the Vatican keeps its gold. Seriously. As the vault manager told me, “Ja, de pope. He puts his faith in God. But he keeps his gold in Switzerland.”
King states that adjacent to the vault storing the Pope’s gold was a vault loaded down with physical stockpiles of silver hoarded by a German automaker:
In another zone of the same complex, a German automaker — a household name whose motorcars are revered across the world — stores industrial quantities of silver, and I mean a LOT of it. Here’s a photo of just a few pallets that belong to the German company.
http://www.silverdoctors.com/wp-content/uploads/2013/02/German-automaker-silver-hoard.pngSource: Daily Resource Hunter
These pallets cover the floor of a large room and are loaded down with innumerable 22-pound bags (10 kilograms, actually) of .999 fine silver. There’s way more silver than what you see in the photo, but it’s among the few pictures I was allowed to take.
King essentially confirms Ted Butler’s prediction that major industrial users of silver would begin hoarding the metal when serious wholesale supply constraints began to emerge:
Why does the German company store dozens of pallets of silver in a secure vault deep in the mountains of Switzerland? It’s simple, really. So that the metal is there when the carmaker needs it. As one purchasing manager explained later in my travels, “For some metals, like silver, there’s no such thing as ‘just in time’ delivery anymore.”
In other words, this German company buys silver when it’s available. In fact, the company buys as much as it can acquire. Then it stores and stockpiles the material in a vault in the mountains of Switzerland, right next to the pope’s gold.
Perhaps Apple should have had a silver vault in Zurich.
While the retail investment community bemoans silver’s 2 year correction, large industrial users have been using silver’s price weakness and boring trading action to acquire and hoard massive physical supplies of the metal.
Combine the potential for an industrial silver panic with record breaking investment silver retail sales, and the formula is in place for a historically unprecedented, upside explosion in silver of Biblical proportions as both investors and industrial users frantically search for any physical silver metal they can acquire- regardless of price.
For some metals like silver, there’s no such thing as just in time delivery anymore.
As the German automaker’s executives know full well, the time to acquire physical silver is now, while physical supplies can still be found.
http://www.silverdoctors.com/german-automaker-reportedly-hoarding-as-much-physical-silver-as-it-can-acquire/#more-21530
New signs of an extremely tight wholesale physical silver market have now emerged, as a first-hand account has revealed that one of the largest and most famous German automakers is hoarding massive amounts of physical silver inside one of the most secure vaults in Zurich, Switzerland.
Financial writer Byron King, who viewed the massive German automaker’s silver hoard in Zurich stated:
Why does the German company store dozens of pallets of silver in a secure vault deep in the mountains of Switzerland? It’s simple, really. So that the metal is there when the car maker needs it. As one purchasing manager explained later in my travels, “For some metals, like silver, there’s no such thing as ‘just in time’ delivery anymore.”
In other words, this German company buys silver when it’s available. In fact, the company buys as much as it can acquire. Then it stores and stockpiles the material in a vault in the mountains of Switzerland, right next to the pope’s gold.
Ted Butler’s long anticipated panic buying & stockpiling of physical silver by industrial users appears to be gaining momentum.King begins the narrative (http://dailyresourcehunter.com/the-silver-shortage-of-2013/)by explaining that he was recently given a tour of one of the largest private vaults in Zurich, Switzerland, the same vault that houses the Vatican’s massive gold hoard:
Last summer, I visited a storage vault dug deep into solid rock and buried in the hills north of Zurich, Switzerland. It’s a massive complex, right down the road from a Swiss Army base (and that’s no accident). You can enter this facility only by prior appointment, because the Swiss customs department has to do a background check on you. The Swiss are very thorough, you may have heard.
http://www.silverdoctors.com/wp-content/uploads/2013/02/zurich-silver-vault.pngSource: Daily Resource Hunter
The vault is constructed with huge steel beams and enclosed by thick, reinforced concrete walls. Accompanied by an armed guard, you have to walk down a long, sloping set of corridors and then take an elevator to get to the deep levels. Heck, it’s like visiting a secure, military command bunker — of which I’ve seen a few in the course of my life’s journey. Finally, after a hike, you arrive at the business end of this facility.
This is no fly-by-night, rent-a-locker storage operation just off the interstate. It’s world-class. It’s a Swiss Fort Knox. In fact, in one zone of the vault, the Vatican keeps its gold. Seriously. As the vault manager told me, “Ja, de pope. He puts his faith in God. But he keeps his gold in Switzerland.”
King states that adjacent to the vault storing the Pope’s gold was a vault loaded down with physical stockpiles of silver hoarded by a German automaker:
In another zone of the same complex, a German automaker — a household name whose motorcars are revered across the world — stores industrial quantities of silver, and I mean a LOT of it. Here’s a photo of just a few pallets that belong to the German company.
http://www.silverdoctors.com/wp-content/uploads/2013/02/German-automaker-silver-hoard.pngSource: Daily Resource Hunter
These pallets cover the floor of a large room and are loaded down with innumerable 22-pound bags (10 kilograms, actually) of .999 fine silver. There’s way more silver than what you see in the photo, but it’s among the few pictures I was allowed to take.
King essentially confirms Ted Butler’s prediction that major industrial users of silver would begin hoarding the metal when serious wholesale supply constraints began to emerge:
Why does the German company store dozens of pallets of silver in a secure vault deep in the mountains of Switzerland? It’s simple, really. So that the metal is there when the carmaker needs it. As one purchasing manager explained later in my travels, “For some metals, like silver, there’s no such thing as ‘just in time’ delivery anymore.”
In other words, this German company buys silver when it’s available. In fact, the company buys as much as it can acquire. Then it stores and stockpiles the material in a vault in the mountains of Switzerland, right next to the pope’s gold.
Perhaps Apple should have had a silver vault in Zurich.
While the retail investment community bemoans silver’s 2 year correction, large industrial users have been using silver’s price weakness and boring trading action to acquire and hoard massive physical supplies of the metal.
Combine the potential for an industrial silver panic with record breaking investment silver retail sales, and the formula is in place for a historically unprecedented, upside explosion in silver of Biblical proportions as both investors and industrial users frantically search for any physical silver metal they can acquire- regardless of price.
For some metals like silver, there’s no such thing as just in time delivery anymore.
As the German automaker’s executives know full well, the time to acquire physical silver is now, while physical supplies can still be found.
http://www.silverdoctors.com/german-automaker-reportedly-hoarding-as-much-physical-silver-as-it-can-acquire/#more-21530