That is very odd. But then, the retail sector of this market is not more transparent than the Exchanges...?
Sadly, gold and silver have suffered a type of "Underground/Alternative" stigma for many years. When the Government runs a Ponzi scheme they won't have anything good to say about alternatives.
The only important thing for me is that they retain value over time!
Well 'Toup'; for me, the "Real Price" is the price of a good steer or a suit of clothes in terms of Gold (Fairly stable at one ounce for 2000 years) Or a good load of bread for the amount of silver in a Constitutional Dime (Again fairly stable for those same years)
Those chasing $25,000 Gold are deluded because the Dollar isn't worth anything except 'by fiat'.
The real price of a suit should have dropped 90%+ over the past 150 years as the cost of production and materials have dropped due to industrialization.
Critical mass triggers the panic surge in precious metal prices. When the big money realizes that the worthless paper is unredeemable, they will start buying at a premium. When that happens the cork will not go back on the champagne bottle. Even investment grade pieces will be bought just to have precious metals in hand.
Long overdue, a reset and correction of the “market” the fix, manipulation, orchestrated and connived trade of precious metals that has for decades been de rigour, the standard, how those perpetrating this fraud and scam must have laughed each day in their clubs delighting in their genius of defrauding the public… like everything there is a reckoning, pray that day arrives sooner v later and that in the process the “shorts” do lose big time, serves them right, any past infractions rewarded with a slap over the wrist with a wet bus ticket, metaphorically speaking..
Investors are well and truly tired, have had a guts full of this manipulation, leased metals, sold, and thought never to be replaced, instead hypothecated not once, twice, thrice but 14/15x to the ounce of real… if you or I did the same we’d be locked up yet these assholes get away with it as just doing business, pray many judges have paper certificates and then decide they want to collect, then and only then we might see a true reckoning by way of proper punishment due for this wanton and crass greed and avarice.. bottom line, I’d love to know who is standing behind this .. literally wanting to expose the old money in London, Europe, oh to be a fly on the wall while they discuss this take down of one of the oldest and most venerable institutions in the world.. the BOE, couldn’t happen to a nicer bunch of assholes… just saying
Exactly, one big Madoff, maybe before Bernie made off with his loot, his “Ka Ching” moment was observing the fraud that’s been the take down and suppression of Precious Metals…
Still doesn’t seem enough though, suppression of metals values, all in order Central Banks interest rates could be suppressed, I mean consider the Trillions that the U.S tax payer has forked over .. siphoned across to enlightened Europe who built a social program par excellence, a social net U.S citizens can only dream over, yet ex the 71 cancellation of the Gold Standard pegged the USD, replaced the Petro Dollar we have witnessed the USD decline to a present and paltry 7/10ths of a penny in real present value against the once venerable U.S dollar, such has been the decline in value the result of the “ get your money for nothing and your chicks for free” mentality that has permeated our world for so long.. [Ref: U.K Rock Band, Superstars, Dire Straits lyrics featuring in the song “Money for Nothing”, penned by Mark Knopfler in conjunction with fellow lyricist Gordon Sumner from the 1985 Album .. Brothers in Arms].
Little wonder the printing presses have been going overtime, year on year, the consequence of which has been housing, together all asset class costs have sky rocketed… not to mention staples such as Food, Clothing etc… thus just how much lower can the Worlds Reserve Currency the USD actually fall, to what fraction will it continue its decline, 1/1,000th of a penny, 1/10,000th, 1/100,000th… Why not?
The USD seems to be the gift that keeps giving haha 😂😂 I mean throw in a few more undiscovered Money Generating Computers and who knows the bottom… maybe a few more USD$1.7Trillions IRA’s (Inflation Reduction Acts), all a sop and vehicle to continue the money laundering operation before the fiscal wheels well and truly come off…
Thankfully Gold at least is doing its job, yet they still suppress truth, as a consequence and sadly, a vast majority of the global populace is completely unaware of the pending chaos about to unfold, to be inflicted upon them, resulting the failing fiat monetary system, by the time they do realise reality, they won’t be able to get hold of any of the precious metals for love or money, another rort and scam perpetuated those responsible for this debacle..
However, of one thing we can be assured, nothing motivates a rise to real anger such as losing or realising you’ve been duped by the smart Alek Set, the smarmy arses into losing your shirt.. your life’s savings, in some cases your business and the roof over your head, when that reality dawns I can only imagine the chaos that will unfold… in a lot of respects it’ll serve those who have manipulated and suppressed the value of the globes only true real money… Gold and its loyal deputy, Silver.
The suppression of gold and silver allowed multiple central bank originated asset bubbles to be blown over decades and wealth extracted from the general population through the financial industry.
Also, conversion of those assets over the decades into low priced gold and silver.
In the end, currency failure and impoverishment of the population.
CBDC, UBI, social credit scoring control of the population.
when do you think interest rates will start rising sharply David, so much riding on this in Australia and Canada with the crazy high real estate prices.
It seems to me that the rational thing to do would be to prepare to sell a moderate portion of your stack as the squeeze intensifies and prices pop. Get in early before the mass selling by “investors” trading back for fiat pushes the price back down. Keep a portion of the fiat to re-purchase once prices have dropped again, and deploy the rest into cash flowing assets.
Only problem: all the cash flowing assets are overpriced, and will crater during the coming deflationary depression before the hyperinflation commences. So, maybe better to sell some silver for practical necessities like storable food, or good land for a homestead, and keep the rest in a divided pile to trade up to more stable gold, purchase assets (and any associated liabilities) after prices have plunged, and use as money again for everyday living?
The selling frenzy which will commence during silver’s moon shot will bring the price back down again, as will the coming deflationary bust. But probably never again to today’s grossly underpriced levels, IMO. And, it will still retain its purchasing power against equally deflated goods and services.
Given the structural deficit in supply, with deflation piled on top, the deficit is unlikely to resolve even if demand drops. After all, demand is relatively inelastic in our high tech world. So, I believe that price suppression will never push silver back again to its current nominal, or, especially, real, level of value. Therefore, hanging on to most - not all, but most - of it to deploy AFTER the selling hysteria has passed, is probably the best play on the approaching squeeze.
What are your thoughts on how to make the most of what’s coming?
I think the fraudulent price-setting market in London is in collapse and it will get very, very chaotic as silver is recognized as in extremely short supply and very valuable.
No surprise that Lease Rates are skyrocketing. A Lease must reflect a Risk Premium, and the risks of not getting your metal back in this market are extreme!
They thought hiding silver would keep the status quo intact—but when the hoarders guard the treasure, the people are left to break the chains. Get ready for the reckoning!
So with all this going on, are the bullion banks continuing to suppress the futures market with their usual racket of naked shorting or are they draining SLV?
LOL, one eBay seller currently has a 4.7% premium for (20) 1 troz silver buffalo rounds.
Imagine paying a 9% lease rate for PAPER, when you can get the real thing for less.
Keep stacking!
Major dealers like SD bullion are charging more that that??
I only buy bullion bars and rounds. I don't know if the same info applies for numismatics.
Look for Pinehurst Coin and/or Liberty Coin on eBay.
Strangely, APMEX and JMBullion sell for less on eBay than on their main sites.
"Less on Ebay"??
That is very odd. But then, the retail sector of this market is not more transparent than the Exchanges...?
Sadly, gold and silver have suffered a type of "Underground/Alternative" stigma for many years. When the Government runs a Ponzi scheme they won't have anything good to say about alternatives.
The only important thing for me is that they retain value over time!
The physical price for holding it your hands is the only true price.
The paper manipulators can do what they do until they CAN'T.
Well 'Toup'; for me, the "Real Price" is the price of a good steer or a suit of clothes in terms of Gold (Fairly stable at one ounce for 2000 years) Or a good load of bread for the amount of silver in a Constitutional Dime (Again fairly stable for those same years)
Those chasing $25,000 Gold are deluded because the Dollar isn't worth anything except 'by fiat'.
The real price of a suit should have dropped 90%+ over the past 150 years as the cost of production and materials have dropped due to industrialization.
Critical mass triggers the panic surge in precious metal prices. When the big money realizes that the worthless paper is unredeemable, they will start buying at a premium. When that happens the cork will not go back on the champagne bottle. Even investment grade pieces will be bought just to have precious metals in hand.
Silver free market means rocket ship take off.
Live long and prosper.
Good One David…language always leads…
Thank you DLD.
They are hard at work today.
It breaks 35.20 with strength and it’s $40 plus in short order.
Next Thursday will be forty-five years TO THE DAY. The Hunts are looking down wondering why the heck it took us so long?!?
https://en.wikipedia.org/wiki/Silver_Thursday
The Hunt Bros. held 100M oz. of silver and 100M oz. in futures. Nice 'corner' of the world's silver market.
The Middle Eastern oil billionaires (The Real Targets of this fraud held much more than the Hunts.)
The "Truth" of this will never be admitted. Remember that the US government paid off the Hunts, but they didn't pay anyone else??
Can you point to more information on this?
Long overdue, a reset and correction of the “market” the fix, manipulation, orchestrated and connived trade of precious metals that has for decades been de rigour, the standard, how those perpetrating this fraud and scam must have laughed each day in their clubs delighting in their genius of defrauding the public… like everything there is a reckoning, pray that day arrives sooner v later and that in the process the “shorts” do lose big time, serves them right, any past infractions rewarded with a slap over the wrist with a wet bus ticket, metaphorically speaking..
Investors are well and truly tired, have had a guts full of this manipulation, leased metals, sold, and thought never to be replaced, instead hypothecated not once, twice, thrice but 14/15x to the ounce of real… if you or I did the same we’d be locked up yet these assholes get away with it as just doing business, pray many judges have paper certificates and then decide they want to collect, then and only then we might see a true reckoning by way of proper punishment due for this wanton and crass greed and avarice.. bottom line, I’d love to know who is standing behind this .. literally wanting to expose the old money in London, Europe, oh to be a fly on the wall while they discuss this take down of one of the oldest and most venerable institutions in the world.. the BOE, couldn’t happen to a nicer bunch of assholes… just saying
Kia Kaha (stay strong) From New Zealand
Because they were rigging gold and silver, they were ultimately rigging interest rates for decades.
Thus they've collapsed the global economy.
There will be a reckoning.
Exactly, one big Madoff, maybe before Bernie made off with his loot, his “Ka Ching” moment was observing the fraud that’s been the take down and suppression of Precious Metals…
Still doesn’t seem enough though, suppression of metals values, all in order Central Banks interest rates could be suppressed, I mean consider the Trillions that the U.S tax payer has forked over .. siphoned across to enlightened Europe who built a social program par excellence, a social net U.S citizens can only dream over, yet ex the 71 cancellation of the Gold Standard pegged the USD, replaced the Petro Dollar we have witnessed the USD decline to a present and paltry 7/10ths of a penny in real present value against the once venerable U.S dollar, such has been the decline in value the result of the “ get your money for nothing and your chicks for free” mentality that has permeated our world for so long.. [Ref: U.K Rock Band, Superstars, Dire Straits lyrics featuring in the song “Money for Nothing”, penned by Mark Knopfler in conjunction with fellow lyricist Gordon Sumner from the 1985 Album .. Brothers in Arms].
Little wonder the printing presses have been going overtime, year on year, the consequence of which has been housing, together all asset class costs have sky rocketed… not to mention staples such as Food, Clothing etc… thus just how much lower can the Worlds Reserve Currency the USD actually fall, to what fraction will it continue its decline, 1/1,000th of a penny, 1/10,000th, 1/100,000th… Why not?
The USD seems to be the gift that keeps giving haha 😂😂 I mean throw in a few more undiscovered Money Generating Computers and who knows the bottom… maybe a few more USD$1.7Trillions IRA’s (Inflation Reduction Acts), all a sop and vehicle to continue the money laundering operation before the fiscal wheels well and truly come off…
Thankfully Gold at least is doing its job, yet they still suppress truth, as a consequence and sadly, a vast majority of the global populace is completely unaware of the pending chaos about to unfold, to be inflicted upon them, resulting the failing fiat monetary system, by the time they do realise reality, they won’t be able to get hold of any of the precious metals for love or money, another rort and scam perpetuated those responsible for this debacle..
However, of one thing we can be assured, nothing motivates a rise to real anger such as losing or realising you’ve been duped by the smart Alek Set, the smarmy arses into losing your shirt.. your life’s savings, in some cases your business and the roof over your head, when that reality dawns I can only imagine the chaos that will unfold… in a lot of respects it’ll serve those who have manipulated and suppressed the value of the globes only true real money… Gold and its loyal deputy, Silver.
Best wishes.
Kia Kaha (Stay Strong) From New Zealand
The suppression of gold and silver allowed multiple central bank originated asset bubbles to be blown over decades and wealth extracted from the general population through the financial industry.
Also, conversion of those assets over the decades into low priced gold and silver.
In the end, currency failure and impoverishment of the population.
CBDC, UBI, social credit scoring control of the population.
You'll have nothing and you'll be happy.
Not.
when do you think interest rates will start rising sharply David, so much riding on this in Australia and Canada with the crazy high real estate prices.
It seems to me that the rational thing to do would be to prepare to sell a moderate portion of your stack as the squeeze intensifies and prices pop. Get in early before the mass selling by “investors” trading back for fiat pushes the price back down. Keep a portion of the fiat to re-purchase once prices have dropped again, and deploy the rest into cash flowing assets.
Only problem: all the cash flowing assets are overpriced, and will crater during the coming deflationary depression before the hyperinflation commences. So, maybe better to sell some silver for practical necessities like storable food, or good land for a homestead, and keep the rest in a divided pile to trade up to more stable gold, purchase assets (and any associated liabilities) after prices have plunged, and use as money again for everyday living?
The selling frenzy which will commence during silver’s moon shot will bring the price back down again, as will the coming deflationary bust. But probably never again to today’s grossly underpriced levels, IMO. And, it will still retain its purchasing power against equally deflated goods and services.
Given the structural deficit in supply, with deflation piled on top, the deficit is unlikely to resolve even if demand drops. After all, demand is relatively inelastic in our high tech world. So, I believe that price suppression will never push silver back again to its current nominal, or, especially, real, level of value. Therefore, hanging on to most - not all, but most - of it to deploy AFTER the selling hysteria has passed, is probably the best play on the approaching squeeze.
What are your thoughts on how to make the most of what’s coming?
I think the fraudulent price-setting market in London is in collapse and it will get very, very chaotic as silver is recognized as in extremely short supply and very valuable.
I'm paying close attention to the GSR ratio.
That's the trade to make. Definitely not trading for fiat.
What about platinum or palladium or other such metals? They might have a fraudulent price as well. There are other ratios one can also look at.
No surprise that Lease Rates are skyrocketing. A Lease must reflect a Risk Premium, and the risks of not getting your metal back in this market are extreme!
They thought hiding silver would keep the status quo intact—but when the hoarders guard the treasure, the people are left to break the chains. Get ready for the reckoning!
The metal will disappear in a comparative heartbeat.
So with all this going on, are the bullion banks continuing to suppress the futures market with their usual racket of naked shorting or are they draining SLV?
The world we thought we knew never really existed; it appears we are approaching the event horizon precipice for silver.
O/T-tangent: we’re in for far more than just financial system change (my inquiries suggest this is a legit story) https://gregreese.substack.com/p/sar-scan-of-khafre-pyramid-shows