Fire Sale Prices
Silver analyst Ted Butler posted his mid-week commentary to his paying subscribers yesterday...and here's a free paragraph...

"[I took] a moment to revalue the world's above ground bullion inventory of silver and gold adjusted for the new prices. World silver bullion inventory of one billion ounces is now worth $30 billion, whereas gold world bullion inventory of 3 billion ounces in now valued at $4,900 billion [$4.9 trillion]. All the gold in the world is worth 163 times more than all the worlds silver bullion is worth, even though silver is much more rare than gold. I would suggest that is absurd and silver is destined to climb sharply in value, both on an absolute basis and relative to gold."

I know that my bullion dealer continues to sell silver in huge amounts...and that's certain to continue while JPMorgan et al hold the price at this fire-sale price level.