There are transparent inventories held on COMEX, LBMA, and in ETFs, but there are also significant off-balance-sheet inventories privately held (and possibly in government reserves) whose size is unknown

factualpending

Speaker

Steve St. Angelo

Evidence Quote

we know some transparent inventories on the comics and the lbma and and and exchanges and even in ETFs but there there is off balance sheet that we don't know about there are there is silver in China and elsewhere that we don't know about

Source

Steve St. Angelo: Exponential Debt Cycle is Past the Point of no ReturnPalisades Gold Radio
Created: 8/10/2026, 11:27:09 PM

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