Thirty Years of Silver Supply Deficits

``The Big Banks (and primarily JPMorgan) claim to be holding the silver purchased by investors in these funds, as trustees. At the same time, we're told that this same silver is an "inventory" (i.e., available for purchase). In the real world, when a person buys an ounce of (physical) silver, inventories decline by one ounce. In the paper fraud world of the bankers, when someone buys an ounce of silver (via a bullion-ETF), inventories increase by one ounce.''