So China is building 10,000 furnaces designed to make SILVER dissappear
Yes, Silver Iodide cloud seedin is happening and its going to have an even bigger silver appetitie over time. Estimates for running these water/silver burning furnaces could reach $500 million in the years ahead(I could bet you the majority of the costs come from silver cost)
From Source:
How does it all work? To induce rainfall, the furnaces burn
chemical fuel to produce smoke laced with silver iodide.
When that silver iodide rises and mixes with clouds , it
crystalizes, setting off a chain reaction that precipitates,
well, precipitation.
I am still working on getting the amount of silver ounces burned per hour, but its proving quite difficult to find a good source.. Perhaps the community could help get down to the bottom of these burners and see how much silver is inside:)
Commentary: The more stories like this I hear, the more I understand why the silver price is being manipulated, One could easily say in this situation: with real world market silver price there would be no rain...
Sources:
https://www.popsci.com/china-cloud-seeding-silver-iodide-furnace
http://fortune.com/2017/01/24/china-government-artificial-rain-program/
unofficialnetworks.com
Well that's the first I've heard of this, I suppose there's no way to recycle the silver so that takes more off the table.
yep, silver - poofed
very interesting, thanks.
Thank you for your continued support of SteemSilverGold
But my main question is, why? why would they want to make silver disappear? do they want a monopoly on the market? or increase the price of silver?
i think they are buying water for silver