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