TF Metals Report – Twitter, Released on 12/7/22
Yes, you read that correctly.
Over 330,000,000 ounces of silver have exited the LBMA vaults over the past 12 months.
IF that pace continues…and it might…2023 is going to get very, very interesting. https://t.co/0pzQCEwvwC— TF Metals Report (@TFMetals) December 7, 2022
Known primarily by his nickname “Turd Ferguson,” Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.
Question: Why does he refer to ounces instead of Troy ounces? The calculation is correct for ounces to tons but silver is measured in Troy ounces.