Eric Sprott sells sometimes participations for his phys funds in Au and Ag and when he bought Ag years ago he explained "the Comex is not full of bars". I do not remember his exact words, but in German we would say „the bars delivered to him felt still warm“.
There is a lack of Ag bars. The 15kg Nadir bars are out for many months. I see this best in Singaporian companies like Bullionstar or Silverbullion (they sell as well bigger ones). BS had even bundles of 10bars of 1000ounces each. I watched them if they would really sell (are there customers with 220k USD?). And one day they were gone! Not one bundle - almost all of them! If I remember correctly 80 bars of 1000 had disappeared (8 bundles) and with them all the 15kg Nadir. Maybe a year ago that was.
One sees it as well in Price Premiums and Spreads – I look at BS gram:
Au 1.98% and 1.98%
Ag 8.02% and 5.61%
Pt 6.39% and 6.79%
The Premium on Ag is higher than on Pt! There is surely something thin with Ag.
Might be this time it's for real. According to Gary Savage the bull is running and "500 USD is a piece of cake".
Thank you David.
For other readers (@the shaman):
My biggest stash is Ag, all bought over years whenever Au/Ag ratio was over 80. I am a huge believer in Ag (retirement fund). But these days I add Pt. Thirty times more rare than Au, half the price and most (ca 80%) comes from SA, -> "Platinum Shortage Due to an Energy Crisis in South Africa Sparks Concern" actual video on yt. And (almost) nobody speaks about Pt. The exception: Asked what he bought extra last year Marc Faber answered: "Platinum."
Just curious to get your opinion. I'm totally set on gold and silver, and have bought some platinum bars. Are you thinking we should stock up on platinum as we are on gold/silver? Also, I bought platinum bars--are bars good, or should we get coins. Also, what do you think about platinum ETFs?
Meanwhile, our slave masters (the banking cartel) are moving forward with this plot against humanity:
BIS Blueprint = Global Control of ALL Assets, Information & People
In simple terms, the BIS’ blueprint proposes that all private property in the real world, such as money, houses, cars, etc., would be “tokenised” into digital assets within an “everything in one place” global unified ledger.
CBDCs would be “core to the functioning” of this tokenised world and serve as the reserve currency on the unified ledger. Transactions between CBDCs and tokenised assets, which represent real-world assets, would operate seamlessly through smart contracts on one programmable platform.
Each token representing a real-world asset in this digital space would contain a large amount of data received from the real world in real time about what it is, who it belongs to, etc., as well as rules on how that particular asset can and cannot be used. The BIS explains how these rules are set up by “directly embedding supervisory features into the token itself, which can be tailored to specific rules.”
The main takeaway of this BIS blueprint is that whatever happens in their dystopian digital world, has legally binding impacts on assets in the real world. So, maybe the WEF’s catch phrase should be “You may own digital tokens, but we will control the real assets.”
I learnt most from USpeople, but my world is International/European. I am no good man to ask as I would possibly act differently with a "I stay in the US forever" mindset. I give you "my" view:
1. My savings are outside the west. My trust is zero. I lost my Russian stocks due to sanctions and my bank account due to living outside the west.
2. I live and lived many years internationally. "When the forest is burning, you can dig in or run", I like to say. Most dig in. I am a runner.
3. I think that all these storage institutions will become savings banks. Rob Kirby liked to say "there will be no bid". So when nobody will sell pm, what will they do? They will offer a debit card and owners will say "I want bar number XYZ on my trading account" and then you pay with your grams until the bar is eaten up. I do NOT see us (internationals!) going to Walmart and paying with Krugerrand in hand.
4. So my guessthinking is there will be no difference beween pm in the sense of usability for payment. It is wealth and we will exchange them into "grams, tokens, currencies" and pay with them.
5. I know about the east German past. Imagine you sit on a stash and communism comes. You cannot tell, you cannot use and it was for thirty years - I must think about my lifeline!
6. So I try to stay free and keep my savings "free" as well. Marc Faber once said "The US will confiscate pm. China? They might confiscate as well, BUT they would give you something for it."
7. I want as much weight of pm as possible. I buy the cheapest I can get. (ETF is western, I do not invest in western assets.)
8. I look for countries which will turn back to freedom. All is cyclical!! In one of them I will ask to live. So far I do not hear them calling for me. :-)
9. There are two assets of value - pm and healthy people with means and skills. There is an avalanche of housing coming. Countries can let them ruin (as Spain did/does, Italy tried the 1 Euro house crap) or invite us to buy one. This idea implies that residencies and passports will be given easier and/or under better conditions. I will not pay for residencies.
10. As more than usual are dying and these curves are rising (into exponential?), we will be less and less. And so my credo is: "We will find us!" Free healthy people will move together and start over. I do not know where or when.
11. CBDC will not work (everywhere) - does not mean they will not try in the west or Asia. This is a luxury problem for fat people with no clue about life and my thinking goes back to normality.
I hope there is something in here for you. I am with protonmail in case of cases.
"When things cannot go on forever - they don't!" - Herbert Stein, so do not fear, but act if needed. Best wishes!
These are interesting times indeed.
Eric Sprott sells sometimes participations for his phys funds in Au and Ag and when he bought Ag years ago he explained "the Comex is not full of bars". I do not remember his exact words, but in German we would say „the bars delivered to him felt still warm“.
There is a lack of Ag bars. The 15kg Nadir bars are out for many months. I see this best in Singaporian companies like Bullionstar or Silverbullion (they sell as well bigger ones). BS had even bundles of 10bars of 1000ounces each. I watched them if they would really sell (are there customers with 220k USD?). And one day they were gone! Not one bundle - almost all of them! If I remember correctly 80 bars of 1000 had disappeared (8 bundles) and with them all the 15kg Nadir. Maybe a year ago that was.
One sees it as well in Price Premiums and Spreads – I look at BS gram:
Au 1.98% and 1.98%
Ag 8.02% and 5.61%
Pt 6.39% and 6.79%
The Premium on Ag is higher than on Pt! There is surely something thin with Ag.
Might be this time it's for real. According to Gary Savage the bull is running and "500 USD is a piece of cake".
Thank you David.
For other readers (@the shaman):
My biggest stash is Ag, all bought over years whenever Au/Ag ratio was over 80. I am a huge believer in Ag (retirement fund). But these days I add Pt. Thirty times more rare than Au, half the price and most (ca 80%) comes from SA, -> "Platinum Shortage Due to an Energy Crisis in South Africa Sparks Concern" actual video on yt. And (almost) nobody speaks about Pt. The exception: Asked what he bought extra last year Marc Faber answered: "Platinum."
It is to be expected that real assets will become rare as the printing of currency mounts. Expect shortage in all of the precious metals.
Just curious to get your opinion. I'm totally set on gold and silver, and have bought some platinum bars. Are you thinking we should stock up on platinum as we are on gold/silver? Also, I bought platinum bars--are bars good, or should we get coins. Also, what do you think about platinum ETFs?
Meanwhile, our slave masters (the banking cartel) are moving forward with this plot against humanity:
BIS Blueprint = Global Control of ALL Assets, Information & People
https://www.coreysdigs.com/financial/bis-blueprint-global-control-of-all-assets-information-people/
Control of All Assets
In simple terms, the BIS’ blueprint proposes that all private property in the real world, such as money, houses, cars, etc., would be “tokenised” into digital assets within an “everything in one place” global unified ledger.
CBDCs would be “core to the functioning” of this tokenised world and serve as the reserve currency on the unified ledger. Transactions between CBDCs and tokenised assets, which represent real-world assets, would operate seamlessly through smart contracts on one programmable platform.
Each token representing a real-world asset in this digital space would contain a large amount of data received from the real world in real time about what it is, who it belongs to, etc., as well as rules on how that particular asset can and cannot be used. The BIS explains how these rules are set up by “directly embedding supervisory features into the token itself, which can be tailored to specific rules.”
The main takeaway of this BIS blueprint is that whatever happens in their dystopian digital world, has legally binding impacts on assets in the real world. So, maybe the WEF’s catch phrase should be “You may own digital tokens, but we will control the real assets.”
Silver and gold have a 4,000 year history as money. The public will re-discover these valuable measures of value and exchange media.
I learnt most from USpeople, but my world is International/European. I am no good man to ask as I would possibly act differently with a "I stay in the US forever" mindset. I give you "my" view:
1. My savings are outside the west. My trust is zero. I lost my Russian stocks due to sanctions and my bank account due to living outside the west.
2. I live and lived many years internationally. "When the forest is burning, you can dig in or run", I like to say. Most dig in. I am a runner.
3. I think that all these storage institutions will become savings banks. Rob Kirby liked to say "there will be no bid". So when nobody will sell pm, what will they do? They will offer a debit card and owners will say "I want bar number XYZ on my trading account" and then you pay with your grams until the bar is eaten up. I do NOT see us (internationals!) going to Walmart and paying with Krugerrand in hand.
4. So my guessthinking is there will be no difference beween pm in the sense of usability for payment. It is wealth and we will exchange them into "grams, tokens, currencies" and pay with them.
5. I know about the east German past. Imagine you sit on a stash and communism comes. You cannot tell, you cannot use and it was for thirty years - I must think about my lifeline!
6. So I try to stay free and keep my savings "free" as well. Marc Faber once said "The US will confiscate pm. China? They might confiscate as well, BUT they would give you something for it."
7. I want as much weight of pm as possible. I buy the cheapest I can get. (ETF is western, I do not invest in western assets.)
8. I look for countries which will turn back to freedom. All is cyclical!! In one of them I will ask to live. So far I do not hear them calling for me. :-)
9. There are two assets of value - pm and healthy people with means and skills. There is an avalanche of housing coming. Countries can let them ruin (as Spain did/does, Italy tried the 1 Euro house crap) or invite us to buy one. This idea implies that residencies and passports will be given easier and/or under better conditions. I will not pay for residencies.
10. As more than usual are dying and these curves are rising (into exponential?), we will be less and less. And so my credo is: "We will find us!" Free healthy people will move together and start over. I do not know where or when.
11. CBDC will not work (everywhere) - does not mean they will not try in the west or Asia. This is a luxury problem for fat people with no clue about life and my thinking goes back to normality.
I hope there is something in here for you. I am with protonmail in case of cases.
"When things cannot go on forever - they don't!" - Herbert Stein, so do not fear, but act if needed. Best wishes!
With the coming crash, trust will be lost. Exchange will become personal and direct. Choose your money.