65 Comments
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BumbleBee's avatar

I’m no economics expert, but I call BS on Andrew Bailey!

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Pascal Charpentier's avatar

ANDREW SLEIGH IS A AMAZING BOUILLON DEALER AT SPROTT MONEY REALLY GENEROUS OF IS TIME AND INSIGHT.

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Stephane Laymond's avatar

After Gordon Brown selling Gold reserves during his tenure at Downing street, this second screw up will not go down well in history books. Should he be reminded that Gold is AGAIN a tier-one asset these days as per Basel III? 🤡🤡

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Simon Gedye's avatar

Nice ( but pointless ) thought per ' Bailey ' being reminded how Gold is once " AGAIN " - ( never really hasn't been ) a Tier 1 Asset ..etc . Reason being is that in order recognise this supremely important fact and act upon it - it would require that ' Bailey ' was in possession of more than a small handful of functioning brain cells .....which he patently isn't .

What's going to happen next & possibly in short order is that he's gping to be handed his arse in a box after which he'll resign and as they all do claim that neither he nor anyone around him could possibly ever have seen the ediice of the financial system collapsing all around them . " STUPID IS AS STUPID DOES " - The bloke's a complete Lemon .

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Mitch's avatar

I'm sorry. I stopped listening to him after 10 minutes. Talk about horse sh1t🤦🏻‍♂️. How many there actually believes him. It's all a circus and he is taking us for clowns.

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Simon Gedye's avatar

Mitch - Fair comment , I don't think I'd last more than 1 x minute of listening to that utter prat before I would have rapidly parted with my lunch . As we both know , ' Bailey ' is both a ' Numb Nuts ' of the highest order but also a rabid Keynesian of the first order who is in the pockets of the age old ' Money Powers ' and overseeing the very last stages as the UK and UK economy circle the drain at ever increasing velocity as we are all sucked down

the gurgler into the maw of what ever lurks down in tjhe depths .....HANG ON ..!!

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Mitch's avatar

I'm hanging on. Just😬

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Simon Gedye's avatar

GOOD BOY ..!!

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Simon Gedye's avatar

Superb Post ( as ever & for sure one of your best ) . I'm expecting ( hopefully ) to see a huge spike

in Gold ( & possibly Silver ) as from market open tomorrow - which should in turn keep that prime Wanker ( Andrew Bailey ) running between his desk and the B of E's ' Executive Shitter ' at ever increasing frequency as the day progress's..?? .... ....WAITING WITH BAITED BREATH

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David Jensen's avatar

Thanks!

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Mitch's avatar

🤣🤣 Very good 👍

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Stephen's avatar

Andrew Sleigh is my guy at Sprott. Super guy, great bunch to deal with.

Wasn’t expecting to see Craig Hemke in the comments—love his content at Sprott, too.

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Peter Jackson's avatar

Andrew knows exactly whats happening but we will only hear the truth from his mouth when he is no longer Governor.

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David Jensen's avatar

I'm expecting "Who could have known. Mistakes were made." type of comments from the central bankers.

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P Uselt's avatar

corrupt people have no morals at all - not a word of truth comes out of their mouths

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Simon Gedye's avatar

Obviously , and ' IF ' - they had morals then they woudn't be corrupt

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Simon Gedye's avatar

Exactly so - in all probability they've all already got their crib sheets in hand and will all be spewing the same old time honoured garbage in unison some time very soon .

Obviously using words taken from the ' Ben Shalom Bernanke ' hand book of lies and distortions ( circa 2007 - 2009 ) ....obviously still in print ..??

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Simon Gedye's avatar

Spot On ...!! ( even then I don't think we'll hear the " Truth " from his mealy mouthed Gob ) as he's frankly altogether too thick to even recognise what the truth actually is .

His abysmal track record speaks for itself . the sooner he jumps ship or better still takes the lift shaft 30 x floors to the basement , then all the better .... Bring It On & Soon ..!!

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Colin Rainier's avatar

Does the UK government “save” the London market by nationalizing (not confiscating) privately held gold in the UK? I wouldn’t be holding bullion in the Royal Mint right now🤔

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David Jensen's avatar

That would be the end of London as a financial center.

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Simon Gedye's avatar

Quite Right - The End Of London as a financial centre along with Wall Street , The Fed ,

all Central Banks and most all Commercial Banks ( where so ever they are ) would ( will ) be an event of unimaginable chaos and destruciion on all levels world-wide ' BUT ' if this is the only sure fire way with which to cut out and destroy the cancerous hold of the ' Money Powers ' per the Zionist / Ashkenazi / Khazarian Mafia ( Sabbatean Frankists ) who have been pulling the sttrings , switches and levers for some hundreds of years and which have placed humanity in an ongoing bondage / Indentured Servitude ever since - Then this must be done soon and to a level of precision that ensures that no malignant lesions are left behind to infect the system which replaces this one .

I thnk what will ultimatley take place will prove pretty horrific - but if this series of events provides the ' Silver Bullet ' which finally finishes the Vampires and Werewolve's for good , then we should welcome it and get it over with as soon as possible .

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Simon Gedye's avatar

What an unpleasant thought - hopefully Starmer and his merry bunch of thicko's have no conception as to the difference between real money and credit / currency ...??

When this all plays out ( if as expected ' GFC ' x 100 ) then there may be precious little by

way of ' The City ' / ' London Market ' to save anyway ...completely eviscerated ..??

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David Jensen's avatar

Babylon the Great.

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Oz HillBilly's avatar

What do you think Scott Bessent will do David, he is an expert on foreign exchanges and currency wars. There is no doubt it is Bessant and not Trump behind the tariffs, they want the dollar to remain strong from competitors but countries are buying gold. Maybe the dollars biggest rival is not the BRICS, China or Euro but Gold.

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David Jensen's avatar

All debt-based currencies will collapse when the global debt bubble collapses.

Gold and silver will be left standing.

It is vital that the US secure as much gold and silver as possible.

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Simon Gedye's avatar

What with the at least 500 x tons ( as I've been told by 4 x people who'd know ) taken into New York during November & especially in December , it would appear the people over there ( Bullion Banks especially ) are scrabbling to cover their asses ' BUT ' unless they manage to grab many thousands of ton's & quick ( from where ...?? ) , then I rather think that this 500 x tons + anything else they manage to acquire will count for pretty myuch nothing as the Global Financial System disappears under the wave's

by the bow and with all hand's lost in the process .

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Oz HillBilly's avatar

Was the recent BlackRock meeting possibly about gold??

How much influence does China have on Canada with these tariffs it seems odd the current middle of nowhere government you have at present??

I saw that some major option trades end on Feb 21, that is Bessant's sweet spot to expose Trudeau. Things are gonna heat up big time. Tariffs are highly deflationary, we may seem some big drops in real estate.

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Simon Gedye's avatar

Good Point about the meeting that ' Black Rock ' had with that worthless Zionist scumbag whose currentkly masquerading as our Prime Minister here in the UK .

David has already posted note's questioning what really went on here - after all and for what ever reason would Larry Fink + his entire board of directors fly over here to meet with Keir Starmer to discuss - " Regulatory Matters " . As the old saying goes - " If you believe this then I've got a bridge in the Sahara to selll you "

This all smells to high heaven & IMHO , I rather think two other areas are more likely involved . Firstly is the ongoing collapse of the UK Gilts Market + it may also have to dfo with something I've heard ( from only 2 x sources thus far ) - which is that steps are under way to transfer the clearing of US Treasury's from New York over to here in the Uk ( London ) .......ANY IDEA's ANYONE ...??

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Oz HillBilly's avatar

It feels like England will be heavily involved as a trigger point in any global collapse.

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Simon Gedye's avatar

It Will - Stock Market collapse & more importantlt Gilt Market collapse

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Mitch's avatar

I asked Alasdair about that last week but didn't hear back. I think he's just too busy just now. I know Alex Krainer wrote about it but I guess that's where you got it from anyway. I think "What's the DILL" wrote something on it also but I'll need to go back a check before I say for sure. If I find anything I'll email it to you 👍

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Simon Gedye's avatar

Stock Market Collapse / Gilt - Bond Market collapse ...UK .. Japan .. Europe .. Australia . N.Z ...+ ...+ ...+.. USA ..etc..etc . This is already underway .

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Oz HillBilly's avatar

Japan meeting with Trump later in week, they are a strong chance to raise rates again soon.

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Oz HillBilly's avatar

It also seems America is going back to the protectionism policy last seen from around 1860-1914 to protect jobs and industries, i think we can say Globalism is now about to die forever as tariffs and trade wars reignite. Basically if you want to do business in America you have to pay now, i see some valid reasons why they are going down this path after so many governments and corporations have sold out American's. I think it goes far deeper than just gold and silver.

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Simon Gedye's avatar

Far too little and far too late & succinctly put " They're right royally screwed " .

Nothing what so ever can be done to breath new life into the walking dead cadaver which is the United States and what passes as their economy .

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Oz HillBilly's avatar

I'm not so sure on that, they hold a stronger card than many other nations.

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Simon Gedye's avatar

You are partially correct in that the USA is only just about hanging on in its current state due to the ' USD ' still just about managing to retain its standing as ' The Global / World Reserve Currency ' . ' BUT ' in simnple terms thwe Dollar is merely - " The Prettiest Horse in the Glue Factory " .

ERGO - All Fiat Currencies pegged to Dollar ....Dollar pegged to nothing tangible or of any value since ' Nixon Shock ' and un-pegging of the Dollar from Gold in 1971 ....Likely that diddly squat nremains of the USA's officially stated Gold Reserves ( 8,133 Tons ) ....Over the last 30 - 40 x years plus China / Russia / Gulf States / India / Iran / Central Banks + others have been hoovering up any Gold they can find ( China & Russia could possibly may possess upwards of 80,000 tons between them .

It only needs Russia or China or the BRICS ' OR ' - Russia / China / and the BRICS all at none time or one after the other to back their currency's with the Gold in their possession and the USA and its Military and Dollar hegemony will be going the way of the ' Dodo ' at a rapid lick .

SO MUCH FOR THEIR " STRONG CARD " ....in light of the forgoing it doesn't look that strong to me with this ' Card ' being something of a

' Potemkin Village ' behind which the Deep State and U.S. Old Money Elite's have been hiding the true fragility of the whole system ..etc .

This is being well and truly exposed with the physical Gold & Silver markets being amongst the prime movers that will shine a bright light

on t o this whole ' House Of Cards ' / ' Tower of Babel ' as it's brought to its knees at long last ....and way overdue at that .

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Oz HillBilly's avatar

China economy is collapsing they are in far worse shape than America.

I think Trump can have some success despite what everyone is saying and America can rally and they can't be any worse than the terrible policies from Biden. These tariffs are all about stopping China's influence in the region and a return to nationalism policies over the globalist agenda we have seen since Bush 1 and Clinton.

Do people just expect Trump to sit back and continue on with the same path we have seen under Biden and those before him, that is paying hundreds of million in aid to countries all around the world. Trump love him or hate him is right on matters like aide to South Africa and the EU, and how Mexico and Canada are heavily influenced by the Chinese. Justin Trudeau cabinet is heavily corrupted to Chinese officials and both Canada and Mexico are doing the dirty work for China.

To my eyes Trump is wanting to move America from a consumer service based economy back to a production economy and these tariffs and other policies will force companies back home and end globalism. He actually wants a collapse and people don't see this.

People have very short memories, remember Weimar republic collapsed in the 1920's and a decade later Germany rose to incredible power and had anchored all of Europe to Germany.

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Simon Gedye's avatar

' Bessant ' is an avowed and very long time ' Gold & Silver Bug ' - so no matter how

well or horrifically these Tariff policy's actually prove to be , he's clearly supremely well hedged and situated to benefit personally when the metal's spike to the moon as all of the paper and digital asset classes disappear into ' The Crusher ' never ( hopefully ) to ever be seen again .

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P Uselt's avatar

concerned about SPROTT PSLV -are these assets really secure ? Maybe they could change vaults

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Simon Gedye's avatar

Fair Comment + in the words of the late great ' Jim Sinclair ' ( Mr Gold as was ) and of his still live and kicking business partner , the great Mr Bill Holter ( the new Mr Gold ) - their oft quoted / repeated diktat = " IF YOU DON'T HOLD IT - THEN YOU DON'T OWN IT " , needs to be taken fully into consideration .

This is an entirely personal opinion ' BUT ' where all and any of the ' Name ' vaulting companies world-wide are concerned and however stellar their reputations are for integrity , honesty and straight dealing is concerned etc . When the Ordure truly hits the Fan at maximum velocity and paper - digital assets have lost all usability , and with Gold & Silver as expected being the only - " Two Men Left Standing " - then it's more likely not only the owner operators of said vaults who may have spirited away your Metal's - but more likely the actual guards on the doors touting a bunch of semi-automatics who will understandably have little compunction in using your metal to feed , house and keep warm their own families by way of your ' Nest Egg ' .......Just Sayin / Think On .

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David Jensen's avatar

Gangs will sniff-out vaults.

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Simon Gedye's avatar

Yes - You're right here , so ' Gangs ' + pretty much everyone and rheir Granny will be stampeding to their local vaults to haul away what ever they can .

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Craig Hemke's avatar

David, I've lost your contact info and have been trying to reach you.

Please email me at tfmetalsreport at gmail.

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David Jensen's avatar

Sent e-mail this morning. No response.

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Mitch's avatar

I hope you find it 'cause I'd love to hear what you have to say about the BoE comments

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The Contrarian Capitalist's avatar

The fact that Andrew Bailey said that just goes to show what a Clown World the UK is in at the moment! Don't get the Government read this otherwise I might get sent to prison!

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David Jensen's avatar

Central banks are generally Clown World.

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The Contrarian Capitalist's avatar

True. Good point well made. It is certainly very interesting to see what is happening at the moment. The UK would be in a slightly better condition if Brown had not sold off the gold at the bottom !

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David Jensen's avatar

Who bought the UK's gold at the Brown Bottom?

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The Contrarian Capitalist's avatar

I'm going to potentially humiliate myself here and say it was either the USA or China?

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Simon Gedye's avatar

Don't know but don't think so - least ways not in this instance .

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Simon Gedye's avatar

I've heard two things ( no idea if either are accurate ) firstly that it was the Indian Government who took it and secondly ( & far more widely touted ) that it went to a place or places un-known and used to prop up the financial system and to prevent ( specifically - Goldman Sachs ) from going under with the rest of the banking system falling like dominoes behind them

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Simon Gedye's avatar

" Clown World " ( UK ) - if only it was something as minor as that ....!! .

The all round corruption / idiocy / idealogical zealotry / and all round ineptitude and uselessness as diplayed by the current ( Starmer ) UK Government + all prior Governments of what ever stripe of colour + The City Of London and our largely financialised non productive economy ......is of a level that's beyond comprehesion ....OR MAY BE NOT as all of you over in the USA / Canada / Europe / Australia / NZ & the G7 - G20 arte all waking up every day to the same shit-show as we are over here in the ' Old Country ' .

The simnple thing here is that we are all " FU__KED - AND BIG TIME " - least ways we are and will remain so until Silver and Gold hopefully set about lancing the boil's that are the current political and financial systems .

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The Contrarian Capitalist's avatar

I do agree with you here Simon and have to say that as a British Citizen that it is very sad to see what is going on and what will likely to continue to happen moving forwards as well.

My 'Gold + Silver journey', so to speak, started in 2020 during a time of having a lot of spare time on my hands - and learning about the history of finance and what has happened before etc really opened my eyes up to what was potentially coming down the road!

A lot of people and places will be F_CKED/are already F_CKED but it is the masses that are not necessarily aware of this at present!

You clearly are aware and I salute you for being so!

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ChrisCoonsToupee's avatar

For supposed "barbarous relics," they certainly spend enough time monkeying around with gold and silver.

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David Jensen's avatar

"barbarous relics" - that's their story and they're sticking to it.

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GOLLWOODS's avatar

Did they find a lot of gold where the airliner was struck by a remote controlled helicopter? Heard they were rushing gold to England to stop the collapse

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Mitch's avatar

I've just noticed, so many references to 🤡 here😂

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Simon Gedye's avatar

MItch - I'm a bit of an ' Old Fart ' and techno-phobe to boot , so will you please tell me what those 2 x little symbols allude to ....??

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Mitch's avatar

I thought it was a little bit amusing that a number of people commenting were referencing clowns. I guess we were all thinking the same vis- a-vis the BoE

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David Jensen's avatar

Evil Clowns

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