>>20041639That means they're selling 400x more paper silver than is available for delivery right now. Currently there are ~45 million ounces in registered (which is what's available for delivery) according to official numbers, but I don't know exactly how usdebtclock calculates this ratio, so not sure if that adds up to 45*400 million ounces traded currently. In any case the point is it's a very distorted market of epic proportions.
The only reason this works at all is that most who buy those COMEX futures contracts (the commodity exchange where silver is sold) never redeem but roll their contracts over or cash out into dollars.
