KWN

Nomi Prins Says US May Begin Stockpiling Silver As A Strategic Reserve

Today Nomi Prins, who has given speeches to the World Bank, IMF and Federal Reserve, told King World News that the United States may once again begin stockpiling silver as a strategic reserve.  This would have an enormous impact on the already thin physical silver market.  Global silver production is only 819.7 million ounces a year, and the last time the US stockpiled silver it reached a jaw-dropping peak of 3.3 billion ounces.  The question is where will all of that silver come from and how high will the price of silver have to go in that kind of market?  Here is what Prins had to say.