6 MILLION TOZ SILVER PURCHASE BY CEF
Posted: Tue Mar 29, 2011 8:34 pmWhat's your take on the 6 MILLION TOZ purchase of SILVER that will take place over the next week or so by CEF?
Will a 6 MILLION TOZ acquistion of SILVER have an impact on the available SILVER supplies held by the bullion vaults?
CEF is having a rights offering as of today that will accrue them $374 MILLION for the purchase of PHYSICAL GOLD AND SILVER. At current prices, CEF will obtain from existing bullion banks approximately 6 MILLION TOZ OF SILVER AND 120,000 TOZ OF GOLD.
Will a 6 MILLION TOZ acquistion of SILVER have an impact on the available SILVER supplies held by the bullion vaults?
CEF is having a rights offering as of today that will accrue them $374 MILLION for the purchase of PHYSICAL GOLD AND SILVER. At current prices, CEF will obtain from existing bullion banks approximately 6 MILLION TOZ OF SILVER AND 120,000 TOZ OF GOLD.
