Silver Market Instability Interview With Maneco64 (Mario Innecco)
Please see the following interview with the popular precious metals channel Maneco64 recorded on January 6, 2025.
https://www.youtube.com/watch?v=NtPyev7zfDQ
Please note that in the interview I referred to the LBMA as an exchange. It is not an exchange but is an association of gold and silver market traders in the City of London.
Best regards,
David Jensen
Great interview.
I think this interview makes clear what the primary motivation of Rachel Reeves being sent to China while facing intense criticism for being out of the country during the mounting financial crisis brewing in the UK. She was sent there IMO to plead for China to part with some of its “hoard” of silver to avoid an LBMA default on silver delivery. I would bet dollars (while they are still more valuable than donuts) that she came away with nothing. Rumor has it that China is buying silver dory bars and even concentrate direct from Latin American miners at refined prices for shipment to China for refining there. This avoids the issue of the purchases being reported by the IMF as it only reports transactions in bullion.
Even better than your last chat on Maneco64... Spot on, David!!!