We Are Now In A Very Unstable Market Regime Where Market Structure And Criticality Theory Predict Imminent Market Lock-Up - How Much Silver Is Available?
I remember this anecdote when some guy from SLV did a TV interview to prove that they really really have the silver, and during the interview he held a silver bar into the camera.
His mistake: the serial number of the bar was visible.
The next day they got a call i think from UBS saying, "We're sorry, but that's our silver bar !"
Most interesting development. It seems to have caused a medical problem with me... I am having trouble stopping a slow, growing smile that most people find inexplicable. Perhaps there are those on this board that may understand. :)
Hi Curt. Lots of us have been waiting for true price discovery for many moons ! Glimmers of hope popping up... Really appreciate David's work and continuing info.
I'll bet the geezer in charge at the BoE wished he'd taken retirement. I guess he'll be having sleepless nights right about now. He is after all in a position where "the buck stops with him" or in this case it'll be "the ounce". Imagine being in charge of the, "alleged", biggest precious metals fraud in the history of the world. Not the sort of accolade one would want on their CV 🤔
Aye, exactly. A carefully scripted piece blaming everyone else but himself. Basically a whole load of total bullshit culminating in a "nuffink to do wif me guv" whilst looking at the camera with that stupid smug look he has
If he's nearly retired, I guess he'll not care. He probably will have stashed all his savings in PMs long time ago. I know I would have if I had any savings left. And I don't even have his level of access to information...
Thanks David , another great article .. I think Trump has big plans for Gold and those positive moves will , at a minimum , cause an upsurge in Silver demand / pricing . Couple that with your ultra detailed findings knowings and that is why I am very bullish on PM’s , especially Silver, but including Platinum ( very undervalued too!)
Keep the articles coming as you discover more truths please .Much appreciated 🙏🏻
Trump is all in on Bitcoin, didn’t you get the memo?
On January 17, 2017, Trump tweeted at the time that “silver is the most undervalued asset on the planet, and here it sits at $17/oz.”
Trump is FOR a weaker dollar and lower rates. Yes it’ll make PMs go higher, but a loaf of bread will be $10.
I don’t know why the 180 on Bitcoin, back in 2020/21 on Maria Bartiromo, he called Bitcoin a scam. Now here he is attempting to replace our strategic reserve with digital air, Michael Saylor-style.
The little silver left in London has been rehypothecated so many times over, it's not even funny any more. When this thing blows up it will be an avalanche.
"With the gold-to-silver price ratio standing near 90x and given the current setup, a return to an historic price ratio closer to 15x appears likely to overshoot drastically below that ratio..."
Makes perfect sense . . . . The bullion banks are losing control of the institutions and investors who hold Big positions (as they are cashing out) so they need to find new suckers (ie - small individual investors who are naive' and have FOMO) who they can get to buy the opposite side of the trade unknowingly. What could possibly go wrong? 😁
As usual, the important question is "Unasked". When a situation appears illogical: what is the aspect that the curious people do not comprehend??? I am certain that "The Economy" is corrupted and broken. My question would be: What happens when the system collapses? Obviously, most people do not think much about that, except in dusty corners like this one. We live in a world where very little really has "Value" beyond immediate gratification and necessities. That might be evidence that we have already collapsed, and don't know it yet? The complexity of the Global Economy prevents me from be certain.
The central planners have created an illusory digital market for almost all assets.
Reality is about to return and, as always, the central planners that have created the distortion in the markets and economy will blame ... ... the market. They always do.
We have had a century of central bank currency replacing sound money and also increasing fraudulent intervention by central bankers and bullion banks in private markets. It is of extraordinary concern. Fortunately there are 25B oz. of silver above ground some of which will begin to circulate as money once again. However, due to the extent of market distortion by central banks and bullion banks, the transition will be extremely rough. Indeed of real concern. Suggest reading When Money Dies by Adam Ferguson. The book should be termed "When Currency Dies" as money has intrinsic value while currency does not. Famine is a known and real consequence of currency disruption.
What astounded me was the central banks in Austria, Hungary, etc all felt there simply wasn't enough money in the system, so they kept printing while more level heads in England and others couldn't believe they were immolating themselves and their citizens with printing and printing and.... printing.
That's why I'm not sure we can begin to assume the Fed Heads have a clue to what they are doing. As Mike Maharrey keeps pointing out, their dot plots are right only 30% of the time.
I've got a load of popcorn, steaks for the grill and fireworks for after the show, I'm thinking it may starts this year! What a GAS!
Massive starvation and social "unrest" is their primary tactic to get the hoi polloi to accept our betters' envisioned neofeudal, technocratic dystopia. Problem>Reaction>Solution.
I didn't explain my concerns clearly at the start.
Given the unimaginable scale and complexity of the world's commodity markets and how all of civilization relies on these markets for 'survival' :The effect of a default in a single important market like silver would be catastrophic. Such a thing would not be contained like the recent Nickle surge, or the ongoing Cocoa issue. Silver is big enough and strategic enough to upset the "Trust" on which all trading depends. I see this situation as being beyond just manipulation. The Lies have taken on a life of their own and the scale is now so big a default will cause War.
I'm very afraid that the Global Market's scale has now made it very fragile. Silver might be the breaking point?
No entity would win from such a collapse any more that from a nuclear war.
Ah! That is a good question. I'm honestly thinking every and each single day. And I'm honestly on this point.. I listen all videos, I read all articles etc but I feel like I'm not prepared enough..
"He who prepares for Everything, ends up, prepared for nothing!"
Be reasonable, and kind to yourself and your family. Do the best you can, cover only the basics, and "Live life". The only way to get rich now is at the expense of others.
If you have a years supply of basic food and enough other assets to buy one more year; Then you are so far ahead of the pack, you can't even hear them.
It easy to conceptualize that gold is undervalued to btc because I would much prefer 35 ounces of gold over 1 btc.
My question for you Mr. Jensen is would you prefer the 3225 ounces of silver over the 35 ounces of gold, and why? (We know the gold/silver ratio of 80 reflects an undervalued silver.)
Historically, silver has been the most important daily monetary metal. Gold was typically the metal of kings, and far too valuable for daily transactions, while silver was the daily monetary unit used for fuel, food, transportation, accommodation, etc. purchases.
Gold seems have the highest utility for concentrated wealth storage or transporting high value over distance.
At 90:1 gold-silver ratio, silver appears to be grossly undervalued but everyone has different needs.
One final message, before I leave you all in Peace (Hopefully)
“Are you feeling Lucky, Pilgrim?”
The most ridiculous position you could be in; is to buy metals on credit, hoping to avoid getting destroyed by the debt before the prices “Go to the moon”.... The system doesn’t work that way. -”If it isn’t paid form you don’t own it!”
Hi David good morning, in your recent interview with Mario you mentioned that was Milton Friedmam that has choosen silver instead of gold. Can you please kindly elaborate a little more on this point. Thank you for your time KDM
Daniel Ghali, Senior Commodity strategist at TD Securities dropped this - what some might call a "bombshell" - in an interview lately:
"If they (PM's) were subject to tariffs then traders holding short positions against metal they hold somewhere else in the world would be subject to a substantial loss and have to bring the physical metal back home and what's interesting is this could inadvertedly lead to a stock-out in the largest metal vaulting system for silver in London. Silver markets just seem to be sleepwalking into a potential stock-out".
You can watch it searching for "Silver Market Sleepwalking into Stock-Out" on that streaming platform. The genius on the other side of the table concluded that "that sounds price-positive for silver". You could not make this up.
Hey Daniel. Didn't know you read this substack. Now i do.
Let the silver shorts face ripping defaults begin and allow tru market pricing to return and the precious metal market manipulation’s finally cease. Keep on Stack’n hard assets.
Simon- if you don’t hold it- you don’t own it- ETF with possession should be fine- paper ETFs? Well I think you get it. Have whatever you’re going to have on the front end.
Thanks Steven. I have physical too but it's the etfs where I think immense money can be made.. in the begininng at least. I don't believe wisdomtree silver etf holds silver, it just tracks it?
I remember this anecdote when some guy from SLV did a TV interview to prove that they really really have the silver, and during the interview he held a silver bar into the camera.
His mistake: the serial number of the bar was visible.
The next day they got a call i think from UBS saying, "We're sorry, but that's our silver bar !"
Most interesting development. It seems to have caused a medical problem with me... I am having trouble stopping a slow, growing smile that most people find inexplicable. Perhaps there are those on this board that may understand. :)
Yes! Me too! Its awesome.
Hi Curt. Lots of us have been waiting for true price discovery for many moons ! Glimmers of hope popping up... Really appreciate David's work and continuing info.
CBDC kryptonite - go silver.
Buy silver with paper! yes!
I'll bet the geezer in charge at the BoE wished he'd taken retirement. I guess he'll be having sleepless nights right about now. He is after all in a position where "the buck stops with him" or in this case it'll be "the ounce". Imagine being in charge of the, "alleged", biggest precious metals fraud in the history of the world. Not the sort of accolade one would want on their CV 🤔
Awaiting feigned outrage from the BoE.
Aye, exactly. A carefully scripted piece blaming everyone else but himself. Basically a whole load of total bullshit culminating in a "nuffink to do wif me guv" whilst looking at the camera with that stupid smug look he has
If he's nearly retired, I guess he'll not care. He probably will have stashed all his savings in PMs long time ago. I know I would have if I had any savings left. And I don't even have his level of access to information...
London doesn't have the PHYSICAL metal just like Fort Knox doesn't have the PHYSICAL metal.
Thanks David , another great article .. I think Trump has big plans for Gold and those positive moves will , at a minimum , cause an upsurge in Silver demand / pricing . Couple that with your ultra detailed findings knowings and that is why I am very bullish on PM’s , especially Silver, but including Platinum ( very undervalued too!)
Keep the articles coming as you discover more truths please .Much appreciated 🙏🏻
Will keep chugging Barry. Cheers.
Trump is all in on Bitcoin, didn’t you get the memo?
On January 17, 2017, Trump tweeted at the time that “silver is the most undervalued asset on the planet, and here it sits at $17/oz.”
Trump is FOR a weaker dollar and lower rates. Yes it’ll make PMs go higher, but a loaf of bread will be $10.
I don’t know why the 180 on Bitcoin, back in 2020/21 on Maria Bartiromo, he called Bitcoin a scam. Now here he is attempting to replace our strategic reserve with digital air, Michael Saylor-style.
Greg Reese did a great piece on this a few days ago: https://rumble.com/v67760p-debt-jubilee-bitcoin-and-the-digital-age.html
And now Biden want to fire-sell all the seized BTC. Fun times...
A bit rude my friend .. no need for it .. are you not able to express your views without it ?
Haha...exposed right there on tv!
"Hey, no! That's my silver."
"No, it's mine! I have the paper to prove it"
Talk about the road rage on steroids.
It's more like
"It's mine !"
"Yeah, it's ours, too"
The little silver left in London has been rehypothecated so many times over, it's not even funny any more. When this thing blows up it will be an avalanche.
Frauds collapse - they do not go slowly.
Criticality theory in play.
True Dat!
"With the gold-to-silver price ratio standing near 90x and given the current setup, a return to an historic price ratio closer to 15x appears likely to overshoot drastically below that ratio..."
Time for the Ratio Trade!
Yay!
Boom
Great interview with Maneco64!
I saw this awhile back (possibly on this Substack) that CME will start offering ONE TROY OZ GOLD futures on Jan 13th.
https://www.cmegroup.com/markets/metals/precious/1-ounce-gold.html
Something seriously wonky is going on, but KEEP STACKING PHYSICAL!
Makes perfect sense . . . . The bullion banks are losing control of the institutions and investors who hold Big positions (as they are cashing out) so they need to find new suckers (ie - small individual investors who are naive' and have FOMO) who they can get to buy the opposite side of the trade unknowingly. What could possibly go wrong? 😁
Data please - thanks.
And we do have the fundamental construct of legal tender being defined as gold and silver in the US Constitution
Indeed.
As usual, the important question is "Unasked". When a situation appears illogical: what is the aspect that the curious people do not comprehend??? I am certain that "The Economy" is corrupted and broken. My question would be: What happens when the system collapses? Obviously, most people do not think much about that, except in dusty corners like this one. We live in a world where very little really has "Value" beyond immediate gratification and necessities. That might be evidence that we have already collapsed, and don't know it yet? The complexity of the Global Economy prevents me from be certain.
The central planners have created an illusory digital market for almost all assets.
Reality is about to return and, as always, the central planners that have created the distortion in the markets and economy will blame ... ... the market. They always do.
Welllll... We might not Like "REALITY"?
Mr. Jensen; Have you ever tried to conduct transactions by "Barter"????
Without and organized Market structure, a lot of people will starve. Many will "Starve to death"! Not a happy outcome.
We have had a century of central bank currency replacing sound money and also increasing fraudulent intervention by central bankers and bullion banks in private markets. It is of extraordinary concern. Fortunately there are 25B oz. of silver above ground some of which will begin to circulate as money once again. However, due to the extent of market distortion by central banks and bullion banks, the transition will be extremely rough. Indeed of real concern. Suggest reading When Money Dies by Adam Ferguson. The book should be termed "When Currency Dies" as money has intrinsic value while currency does not. Famine is a known and real consequence of currency disruption.
Another book that is well worth a read is called The Black Obelisk by Erich Maria Remarque. Life in Weinmer during the hyperinflation.
Thanks for the reference Nick.
That was a great book, read it earlier this year.
What astounded me was the central banks in Austria, Hungary, etc all felt there simply wasn't enough money in the system, so they kept printing while more level heads in England and others couldn't believe they were immolating themselves and their citizens with printing and printing and.... printing.
That's why I'm not sure we can begin to assume the Fed Heads have a clue to what they are doing. As Mike Maharrey keeps pointing out, their dot plots are right only 30% of the time.
I've got a load of popcorn, steaks for the grill and fireworks for after the show, I'm thinking it may starts this year! What a GAS!
Brutally serious stuff though.
"Pieces of paper with pictures on it so we don't have to kill each other just to get something to eat."
Massive starvation and social "unrest" is their primary tactic to get the hoi polloi to accept our betters' envisioned neofeudal, technocratic dystopia. Problem>Reaction>Solution.
I didn't explain my concerns clearly at the start.
Given the unimaginable scale and complexity of the world's commodity markets and how all of civilization relies on these markets for 'survival' :The effect of a default in a single important market like silver would be catastrophic. Such a thing would not be contained like the recent Nickle surge, or the ongoing Cocoa issue. Silver is big enough and strategic enough to upset the "Trust" on which all trading depends. I see this situation as being beyond just manipulation. The Lies have taken on a life of their own and the scale is now so big a default will cause War.
I'm very afraid that the Global Market's scale has now made it very fragile. Silver might be the breaking point?
No entity would win from such a collapse any more that from a nuclear war.
Your comment makes me think about a potential catalyst for the great taking.
The collapse will be blamed on market failure when in reality it was due to structured market fraud and intervention by central planners.
Ah! That is a good question. I'm honestly thinking every and each single day. And I'm honestly on this point.. I listen all videos, I read all articles etc but I feel like I'm not prepared enough..
" I feel like I'm not prepared enough.. "
"He who prepares for Everything, ends up, prepared for nothing!"
Be reasonable, and kind to yourself and your family. Do the best you can, cover only the basics, and "Live life". The only way to get rich now is at the expense of others.
If you have a years supply of basic food and enough other assets to buy one more year; Then you are so far ahead of the pack, you can't even hear them.
Any more just makes you a target????
1 btc = 35 ounces gold = 3225 ounces silver.
It easy to conceptualize that gold is undervalued to btc because I would much prefer 35 ounces of gold over 1 btc.
My question for you Mr. Jensen is would you prefer the 3225 ounces of silver over the 35 ounces of gold, and why? (We know the gold/silver ratio of 80 reflects an undervalued silver.)
Historically, silver has been the most important daily monetary metal. Gold was typically the metal of kings, and far too valuable for daily transactions, while silver was the daily monetary unit used for fuel, food, transportation, accommodation, etc. purchases.
Gold seems have the highest utility for concentrated wealth storage or transporting high value over distance.
At 90:1 gold-silver ratio, silver appears to be grossly undervalued but everyone has different needs.
Not investment advice. Do your own due diligence.
One final message, before I leave you all in Peace (Hopefully)
“Are you feeling Lucky, Pilgrim?”
The most ridiculous position you could be in; is to buy metals on credit, hoping to avoid getting destroyed by the debt before the prices “Go to the moon”.... The system doesn’t work that way. -”If it isn’t paid form you don’t own it!”
Hi David good morning, in your recent interview with Mario you mentioned that was Milton Friedmam that has choosen silver instead of gold. Can you please kindly elaborate a little more on this point. Thank you for your time KDM
It is a statement by Milton Friedman that silver was the most important monetary asset for daily transactions and not gold. Will try to find link.
Daniel Ghali, Senior Commodity strategist at TD Securities dropped this - what some might call a "bombshell" - in an interview lately:
"If they (PM's) were subject to tariffs then traders holding short positions against metal they hold somewhere else in the world would be subject to a substantial loss and have to bring the physical metal back home and what's interesting is this could inadvertedly lead to a stock-out in the largest metal vaulting system for silver in London. Silver markets just seem to be sleepwalking into a potential stock-out".
You can watch it searching for "Silver Market Sleepwalking into Stock-Out" on that streaming platform. The genius on the other side of the table concluded that "that sounds price-positive for silver". You could not make this up.
Hey Daniel. Didn't know you read this substack. Now i do.
Thank you for your attention.
Many coin dealers in the US are reporting everyone is selling. They are overloaded with silver.
As noted in the article, retail investors (mom & pop investors) are totally asleep. Selling coins while massive global shortage.
David look what happened to ABC Bullion dealer here in Australia... 😊
I hope silver shortage will be out in the spotlight. That will be the greatest gift for Ted Butler's memories and his families.
If the gold silver price ratio is currently 90 and it’s mathematical level ought to be 15; will the gold price also rise and thus alter the equation?
Or;
Is the gold silver ratio oblivious of the actual price?
Gold is the same value it has always been.
It's just the fiat it's priced in that is becoming increasingly worth less.
Let the silver shorts face ripping defaults begin and allow tru market pricing to return and the precious metal market manipulation’s finally cease. Keep on Stack’n hard assets.
Yeah, let the face ripping start! I'd love to see the bankers jump again.
Hedgies jumping from buildings will be a glorious sight.
The reverse repo shell game is fast approaching zero.
Something is about to go down...
https://fred.stlouisfed.org/series/RRPONTSYD
What sort of impact would this have on silver ETFs? Would this cause the etfs to rocket or would they collapse to 0?
Don't forget "The Great Taking" might be an issue, not an expert, but sounds something like the banksters and TPTB would do.
Simon- if you don’t hold it- you don’t own it- ETF with possession should be fine- paper ETFs? Well I think you get it. Have whatever you’re going to have on the front end.
Thanks Steven. I have physical too but it's the etfs where I think immense money can be made.. in the begininng at least. I don't believe wisdomtree silver etf holds silver, it just tracks it?
Too much counterparty risk in paper games or "IOU" promissory notes of "vaulted" precious metals.
PHYSICAL PM's are INSURANCE.