The military uses vast quantities of silver, little of which can be recovered after use. I expect silver demand to therefore keep ratcheting up as wars spread and intensify. Ironically, the same wars perpetrated by the banksters to siphon off all remaining global wealth for themselves and the crony class, and discharge all the unpayable debt the same banksters and crony classes created (with the support and votes of those plebes who believe in the welfare state, of course).
My hunch is that the big break will occur not when owners of metals in the exchanges start demanding physical delivery - from what I understand, there’s already a tiptoe in that direction and lots of owners quietly settling for cash, then opening new contracts and closing for cash on future rolls - but when the military can no longer obtain sufficient amounts of silver or do so at affordable prices. Not sure what the consequences would be, except possibly closing of the metals exchanges because they would no longer be needed for the game of price suppression and discouraging public ownership. However, I would imagine Western governments would rise to new heights of terror and viciousness against everyone, everywhere, to source its most precious commodity wherever it may be.
Silver is still selling for way below its intrinsic value. So, grab some for yourself while you can. And make sure you keep it hidden but within reach at all times. Someday soon it’s likely to become your life preserver as the ship of state sinks.
The cash market in London, because it is for immediate physical ownership, trades contracts that likely do not allow for cash settlement. Further, when metal is needed, only metal will do. There is lots of silver above ground however it will only come to market with a price that is multiples higher and with time. And as our fiat currencies debase, it may well be that it will be difficult to secure silver with fiat settlement.
Gresham's law would not allow that, I guess. This might be one of the forces to install a pm backed currency. But first Lagarde will go into the stupidity of CBDC of course. I still hope one country will leave before that and the whole EU crashes into pieces.
I grew up in Germany. There was a fence. You were in front of it or behind it. I left Europe and store outside Europe. Everything is behind the fence. My biggest fear is not poverty but to lose my freedom. The plandemic experience showed that oldest friends hated me for "killing Granny". They would have delivered me to any execution comitee - a witchhunt with me as witch. I bet on Mad Max in the west with all the knifegrants and mad people - but not in the rest of the world. Best wishes Bumblebee!
Thank you! 🤗 I think we’re all in for a nightmare ahead globally, and I seriously doubt it’s going to turn out in the end the way the wanna-be dictators plan and hope. But there’s going to be a lot on pain and cleansing in the meantime as the sheeple deliver themselves for slaughter and the rest of us have to live with the consequences. For a while. But as my mom always said, “everything g always turns out well in the end”. And I fully intend to end well.
Have you ever seen the movie “The Ninth Gate”? I kind of think that’s a good analogy for what’s coming. It always looks darkest before the storm but the cranky honey badgers always find ways to survive.
"...and the rest of us have to live with the consequences" - excellent! Today's decision making needs a correct vision, as yesterday's experiences and rules might be unvalid. Elders have been in these situations and they guide me. Stein's law: "When things cannot go on forever - they don't!" Or: "When a country goes bankrupt, of course not the country does but her citizens." (Fürstenberg)
Everything is cyclical and I think: "We will find us!" In case I may keep my savings, I plan to build up an oasis for the stranded (still isolated purebloods). I talked to a telephone counselor: "Isolated people is our biggest problem!" Wasteful and inhumane is the "modern" society. Hope to read your thoughts again, Bumblebee. Adios!
What happens when an "owner" of a London spot Promissory note absolutely demands that they make good on the promise to deliver physical? Do they make good on it the way they do with the FRN and the pound and deliver a spiffy, brand new copy of the promissory note? Is this not a blatant default? Cannot the issuer be successfully sued for fraud?
Each spot contract is different trading in the Over The Counter (OTC) party-to-party market. I think it is likely that the owner of the contract can demand specific performance (i.e. bar delivery). That is where it will become interesting.
The fiat notes are just coin wrappers from the old pound note.
People have had MONEY taken away and are content to run around with paper currency - coin wrappers to the old specie money - that can be created without limit.
Next will be CBDC that is digital nothings and can be used to totally control individuals.
Knowing the big banks and the gov smash the price of gold and silver when ever it rises to high...like they have done in the past....does this not making silver a risky investment? We are talking about the US gov....that is a big guy too fight or bet against.
When will the dam break? These big banks and the Feds will do everything they can in order to keep this going and these are the most powerful people in the world. I believe in what you are saying David but these guys are very good at what they do....hard to stop them.
Thank you David, enjoy your published
articles. When there is non- delivery we will most likely be directed elsewhere.
But, looking forward to being on that silver rocketship upon take off!
Keep up your dedicated work.
I wish you well.
Thanks Jack C.
Can't wait for Bailey, in front of the cameras, to explain his way out of this. It'll be a glorious sight😁
The military uses vast quantities of silver, little of which can be recovered after use. I expect silver demand to therefore keep ratcheting up as wars spread and intensify. Ironically, the same wars perpetrated by the banksters to siphon off all remaining global wealth for themselves and the crony class, and discharge all the unpayable debt the same banksters and crony classes created (with the support and votes of those plebes who believe in the welfare state, of course).
My hunch is that the big break will occur not when owners of metals in the exchanges start demanding physical delivery - from what I understand, there’s already a tiptoe in that direction and lots of owners quietly settling for cash, then opening new contracts and closing for cash on future rolls - but when the military can no longer obtain sufficient amounts of silver or do so at affordable prices. Not sure what the consequences would be, except possibly closing of the metals exchanges because they would no longer be needed for the game of price suppression and discouraging public ownership. However, I would imagine Western governments would rise to new heights of terror and viciousness against everyone, everywhere, to source its most precious commodity wherever it may be.
Silver is still selling for way below its intrinsic value. So, grab some for yourself while you can. And make sure you keep it hidden but within reach at all times. Someday soon it’s likely to become your life preserver as the ship of state sinks.
The cash market in London, because it is for immediate physical ownership, trades contracts that likely do not allow for cash settlement. Further, when metal is needed, only metal will do. There is lots of silver above ground however it will only come to market with a price that is multiples higher and with time. And as our fiat currencies debase, it may well be that it will be difficult to secure silver with fiat settlement.
Gresham's law would not allow that, I guess. This might be one of the forces to install a pm backed currency. But first Lagarde will go into the stupidity of CBDC of course. I still hope one country will leave before that and the whole EU crashes into pieces.
Thanks David!
I grew up in Germany. There was a fence. You were in front of it or behind it. I left Europe and store outside Europe. Everything is behind the fence. My biggest fear is not poverty but to lose my freedom. The plandemic experience showed that oldest friends hated me for "killing Granny". They would have delivered me to any execution comitee - a witchhunt with me as witch. I bet on Mad Max in the west with all the knifegrants and mad people - but not in the rest of the world. Best wishes Bumblebee!
Thank you! 🤗 I think we’re all in for a nightmare ahead globally, and I seriously doubt it’s going to turn out in the end the way the wanna-be dictators plan and hope. But there’s going to be a lot on pain and cleansing in the meantime as the sheeple deliver themselves for slaughter and the rest of us have to live with the consequences. For a while. But as my mom always said, “everything g always turns out well in the end”. And I fully intend to end well.
Have you ever seen the movie “The Ninth Gate”? I kind of think that’s a good analogy for what’s coming. It always looks darkest before the storm but the cranky honey badgers always find ways to survive.
Never did see Ninth Gate. Agree on best laid plans of mice and men.
"...and the rest of us have to live with the consequences" - excellent! Today's decision making needs a correct vision, as yesterday's experiences and rules might be unvalid. Elders have been in these situations and they guide me. Stein's law: "When things cannot go on forever - they don't!" Or: "When a country goes bankrupt, of course not the country does but her citizens." (Fürstenberg)
Everything is cyclical and I think: "We will find us!" In case I may keep my savings, I plan to build up an oasis for the stranded (still isolated purebloods). I talked to a telephone counselor: "Isolated people is our biggest problem!" Wasteful and inhumane is the "modern" society. Hope to read your thoughts again, Bumblebee. Adios!
??
What happens when an "owner" of a London spot Promissory note absolutely demands that they make good on the promise to deliver physical? Do they make good on it the way they do with the FRN and the pound and deliver a spiffy, brand new copy of the promissory note? Is this not a blatant default? Cannot the issuer be successfully sued for fraud?
Each spot contract is different trading in the Over The Counter (OTC) party-to-party market. I think it is likely that the owner of the contract can demand specific performance (i.e. bar delivery). That is where it will become interesting.
The same would be accurate for Gold and Platinum ?
Yes - more gold bar liquidity than silver.
Platinum and palladium price using the same London cash market paper claim system.
Haven't looked at London platinum and palladium vault inventories.
There was once a " 1 pound sterling " f.i.a.t note
? What is THAT worth today...??
? What is 1 pound of silver worth today..??
I think it was approx 14 troy oz of silver....?
30 usd/oz X 14oz = 420 usd
Is this..the scam of the Century ?
Please Comment..))
The fiat notes are just coin wrappers from the old pound note.
People have had MONEY taken away and are content to run around with paper currency - coin wrappers to the old specie money - that can be created without limit.
Next will be CBDC that is digital nothings and can be used to totally control individuals.
The ...fake/FED illusion of a " gold backed...bitcoin/cbdc ect.."
is exactly what the FED has been running since inception.
Version 3. xxx of the old Blacksmiths holding your gold....until he leaves town.
Strange, that people will trust others with their wealth/health but not trust themselves.
hmmm
Knowing the big banks and the gov smash the price of gold and silver when ever it rises to high...like they have done in the past....does this not making silver a risky investment? We are talking about the US gov....that is a big guy too fight or bet against.
Market manipulation always fails as shortage is ultimate result of mispricing. Shortage ends paper price-setting game.
Thanks David. I really enjoy your insight.
Thanks BK!
When will the dam break? These big banks and the Feds will do everything they can in order to keep this going and these are the most powerful people in the world. I believe in what you are saying David but these guys are very good at what they do....hard to stop them.
The market will always win. See previous posts