SD Bullion: Recent Episodes
SD Bullion
SD Bullion News hosts the best source for online gold, silver and platinum news. Weekly, real coverage on metals markets and reactions to world news impacts.
Gold and silver rally last week as shifting expectations for interest rates, currency instability, and renewed investment demand put gold and silver back in focus. Gold finished the week at $4,341 per oz, while silver climbed to $63.30 per oz, pushing the gold-silver ratio down to roughly 68:1. China’s central bank added nearly 20 metric tons of gold in July, extending a broader trend of central-bank accumulation. Meanwhile, India may need to import another 135 million ounces of silver by year-end to meet current demand forecasts. Listen to last week’s Bullion Market Update for the key forces driving gold and silver—and what could come next.
Gold and silver ended the week relatively steady, but beneath the surface, major global events continue to reshape the precious metals landscape. As U.S. debt approaches the historic $40 trillion mark, Japan stunned currency markets with one of the largest yen interventions ever, underscoring mounting pressure on the global fiat system. Meanwhile, the Perth Mint captured headlines by unveiling a new Guinness World Record gold bar refined to an extraordinary 99.999% purity. We also examine what these developments could mean for gold, silver, and investor sentiment in the months ahead. Listen to this week's market update for the full analysis and key charts.
Gold and silver edged higher last week as investors weighed resilient physical demand against an evolving global market backdrop. Chinese gold imports remain on pace to surpass last year's total, while Hong Kong is preparing a tenfold expansion of its gold vault capacity, underscoring Asia's growing influence in the bullion market. Meanwhile, India's silver market continues to see tight physical supplies and elevated local premiums ahead of festival season. What do these developments mean for precious metals investors, and could they shape the next major move in gold and silver?
Gold and silver extended their summer pullback this week, with silver closing at $55.96 and gold finishing at $4,018 as the gold-to-silver ratio climbed to 71:1. Debate erupted after Treasury Secretary Scott Bessent's comments about U.S. silver reserves and Fort Knox reignited discussions across the precious metals community, while the U.S. national debt surpassed $39.5 trillion, reinforcing one of the long-term themes many bullion investors continue to watch. Even as Western investors reduced gold ETF exposure, Eastern buyers continued accumulating physical gold during the correction. Listen to this week's market update video to learn what these developments could mean for gold and silver, why many long-term bullion buyers remain confident, and the key trends shaping the precious metals market.
China is quietly buying gold at one of its fastest paces in years, while India's physical silver bullion market is experiencing shortages so severe that local buyers are paying nearly $80 per ounce. At the same time, the Silver Institute expects 2026 to mark the sixth consecutive global silver supply deficit, driven by growing demand from AI, data centers, solar, and electric vehicles. Add renewed Middle East tensions into the mix, and it's easy to see why precious metals remain one of the most closely watched markets today. In this week's update, we break down what these trends could mean for the future of gold and silver prices, physical bullion demand, and global supply. Listen to the full market update to understand the forces shaping precious metals and why investors around the world are paying close attention.
Gold and silver rebounded to close the week, but is this simply a relief rally or the beginning of the next major leg higher for precious metals? This week's market update examines why physical bullion buyers continue stepping in on price weakness, how 80 million ounces have flowed out of silver ETFs, why China continues paying premiums for silver, and what history can teach us from the explosive rallies that followed the 2008 selloff. We also explore why many analysts believe expanding global fiat currency supplies and tightening physical silver fundamentals continue to support the long-term bull market, despite today's short-term volatility. Plus, hear exclusive insights from Jupiter Gold & Silver Fund manager Ned Naylor-Leyland, who explains why derivatives and trend-following traders, not central banks, have been driving today's dramatic price swings. Listen in for a deeper dive into last week's market action and discover the key trends, technical levels, and macro forces that could shape the next move in gold, silver, and platinum.
Gold and silver prices pulled back sharply last week as hawkish Federal Reserve messaging weighed on investor sentiment, but many long-term bullion advocates see the decline as an opportunity rather than a warning sign. Behind the short-term volatility, central banks continue accumulating gold at a historic pace while concerns over rising government debt and currency debasement remain unresolved. In this week's market update, we examine why precious metals investors are staying bullish despite weakening prices, what major central banks are signaling about the future of global reserves, and why silver's supply-demand fundamentals continue to attract attention. We also break down the growing role of China's yuan in global trade and the implications for gold's long-term outlook. Listen for a deeper dive into the forces shaping precious metals markets and what they could mean for investors in the years ahead. Learn more...
Was the recent pullback in gold and silver the long-awaited bottom, or merely a pause before further volatility? This week's market update examines the latest precious metals price action, mounting U.S. fiscal pressures, accelerating global money creation, and growing concerns surrounding equity valuations and the AI investment boom. Industry experts argue that central bank buying, tightening silver supply, and persistent inflation risks continue to support the long-term bullish case for bullion. Meanwhile, current prices may be presenting investors with a rare opportunity to accumulate precious metals at a discount. Before diving into this week's analysis, be sure to listen to last week's Gold & Silver Market Update for important context on the trends shaping today's market environment.
Gold and silver took a sharp hit last week, with both metals sliding toward key technical levels as markets reacted to stronger jobs data and shifting Fed expectations. Yet beneath the volatility, central bank gold demand, Asian silver tightness, and long-term debt concerns continue to support the broader bullion bull case. This pullback may feel dramatic, but history shows corrections like this are common even in powerful precious metals bull markets. For investors watching gold, silver, stocks, housing, and currency debasement trends, the bigger story is still unfolding. Learn more in last week’s market update.
Gold and silver investors were treated to another eventful week as physical silver shortages intensified overseas, gold's growing importance in artificial intelligence infrastructure came into sharper focus, and a bizarre FBI investigation uncovered more than $40 million worth of gold bars at the home of a former CIA senior officer. India's silver premiums have surged to nearly 19% above Western benchmarks, highlighting mounting stress in the global physical bullion market and raising questions about future silver price discovery. Meanwhile, new research shows gold demand from AI servers, advanced semiconductors, and mission-critical electronics remains robust despite record-high prices, reinforcing the metal's strategic industrial value. Adding an unexpected twist to the precious metals landscape, federal agents reportedly seized 303 gold bars, $2 million in cash, and dozens of luxury watches from a former intelligence official's Virginia residence. Listen in for a deeper dive into these developing stories and what they could mean for gold and silver investors moving forward.
Gold and silver markets pulled back last week as investors reacted to rising geopolitical tensions and renewed fears of U.S. military action against Iran. Gold closed near $4,509 an ounce while analysts from major banks continued projecting prices could climb as high as $6,300 by year-end. The latest “In Gold We Trust Report” also highlighted surging U.S. debt levels above $39 trillion and growing long-term bullish sentiment for precious metals. Meanwhile, central banks like Poland continued aggressively adding to their gold reserves as silver supply deficits deepened worldwide. Listen for the latest market analysis, price forecasts, and the key trends shaping the future of gold and silver investing.
James Anderson recently joined NEWSMAX at the Market Movers Conference in New York City to discuss the growing momentum behind gold, silver, and the broader commodities market. During the interview, we covered why he believes precious metals are still in the early stages of a major bull market and how global economic uncertainty continues driving demand for physical bullion. He also shared my thoughts on inflation, commodity supercycles, industry portfolio allocation recommendations, and why gold and silver remain important tools for long-term wealth preservation. It was a great conversation covering both market fundamentals and the geopolitical forces shaping the future of precious metals. Listen to the full interview to hear my latest outlook on where the gold and silver markets may be headed next.
Last week’s gold and silver markets delivered another rollercoaster ride as surging bond yields, mounting government debt concerns, and persistent inflation fears fueled sharp price swings across the precious metals sector. Gold pushed to fresh highs near $4,540 an oz while silver volatility intensified amid signs of tightening physical supply and rising lease rates in London. Investors are increasingly questioning the long-term stability of fiat currencies as nations around the world struggle with soaring debt burdens and weakening bond demand. Meanwhile, the gold-to-silver ratio continues flashing major signals that many seasoned bullion analysts believe point to a much larger move ahead for silver prices. Listen to this week’s full market update for a deeper breakdown of the economic trends, inflation risks, and precious metals opportunities developing right now.
SD Bullion travels to Wales for an exclusive behind-the-scenes look at the revival of one of Britain’s most historic iconic coin designs — from centuries-old Angel coins and royal ceremonies to the striking of brand-new gold and silver Angels on the minting floor itself. As a modern bullion collector, getting an all-access pass inside The Royal Mint felt like stepping directly into living history. In this exclusive behind-the-scenes adventure, SD Bullion CEO Chase Turner and COO Cole Keller travel to Wales to witness the creation of the brand-new Angel bullion coin series from concept to striking floor. Along the way, Chase sits down with Royal Mint historian Chris Barker to uncover the incredible medieval story behind the original Angel coins, including royal healing ceremonies and centuries-old gold pieces once worn for protection. The tour also features conversations with Andrew Dickey, Director of Precious Metals, and Chief Engraver Gordon Summers, who reveal how The Royal Mint blends historic symbolism with cutting-edge bullion security and modern engraving artistry. From watching molten history become freshly struck gold Angels to actually starting the minting press themselves, this is the kind of collector experience you dream about your entire life.
Gold and silver markets delivered another explosive week as central banks accelerated record-breaking gold purchases and silver supply concerns deepened worldwide. Rising geopolitical tensions, tightening industrial silver inventories, and disruptions in global refining capacity are fueling renewed momentum across precious metals markets. Meanwhile, major stock indexes continue climbing despite historically stretched valuations that increasingly resemble past financial bubbles. China and Poland are aggressively adding to their gold reserves, signaling that global confidence in fiat currencies may be eroding faster than many investors realize. Listen in to last week’s bullion market update to uncover the major trends shaping the future of gold, silver, and the global economy.
Gold and silver pulled back slightly last week, but the bigger story is what’s happening beneath the surface. Central banks are buying gold at a historic pace, while global demand—especially from China and emerging markets—continues to build. Analysts are now pointing to much higher price targets ahead, even as the market consolidates in the short term. Meanwhile, silver’s tight supply situation could set the stage for an even sharper move. Listen to this week’s update to see what’s coming next and why this bull market may be far from over.
China is quietly accumulating silver at a record pace—and it’s not happening by accident. Behind the surge are powerful forces: rising industrial demand, global energy shifts, and tightening supply. At the same time, Western investors are largely overlooking what could be a major signal for future prices. History shows that when physical metals move east, long-term trends often follow. If you want to understand where gold and silver may be headed next, this is a story worth your attention.
Last week’s moves in gold and silver were driven by Middle East ceasefire headlines, including Iran’s claim that the Strait of Hormuz would remain open to shipping, which briefly eased oil prices and lifted market sentiment. At the same time, growing concerns over U.S. debt and warnings of a potential bond market crisis by former US Treasury Secretary Hank Paulson added another layer of urgency for investors. Silver fundamentals also tightened further, with new data pointing to ongoing supply deficits and rising demand. Together, these forces are shaping a potentially volatile setup for precious metals in the months ahead. Listen for a detailed breakdown of last week’s events and how investors may be positioning for gold and silver moving forward.
President Trump just dropped a cryptic warning about a “powerful reset”—but what if it’s already happening? Behind the scenes, fiat currencies are quietly losing value while gold holds near $4,748 and silver flexes strength around $75.89. Volatility from global tensions is shaking markets, yet silver supply is tightening fast as COMEX inventories shrink. Meanwhile, central banks are loading up on gold, signaling a major shift away from paper assets. Analysts now suggest silver could climb into the hundreds as supply deficits persist. Listen to learn more.
Gold just surged +3% and silver explored +5% week over week—but that’s only the surface of what could be a much bigger story unfolding. Beneath the rally, geopolitical tensions are escalating, global energy flows are breaking down, and power is quietly shifting from West to East. Physical metal is vanishing into Eastern hands while Western investors are heading for the exits. Meanwhile, warning signs of supply chain breakdowns and stagflation are flashing brighter by the day. Is this the beginning of a massive global reset—and a historic move in precious metals? Listen to this podcast before it’s too late.
Gold just hit a wall—but is this the setup for its next explosive move? While prices stalled and silver quietly pushed higher, massive behind-the-scenes shifts are shaking the bullion market. From physical shortages in Turkey to central banks making bold gold moves, the global scramble for hard assets is heating up fast. Meanwhile, Western investors are selling… and savvy buyers are stepping in. Is this the dip of a lifetime—or the start of something much bigger?
Gold and silver just suffered a sharp weekly drop, rattling markets and catching many investors off guard. At the same time, U.S. debt continues to surge while the growing energy crisis is signaling that central banks may soon return to quantitative easing and rate cuts. Meanwhile, Bloomberg reports that China’s demand for silver is accelerating, tightening global supply in a big way. Despite the volatility, history shows bullion bull markets often see pullbacks of up to 50% before resuming higher. Listen to the full update to understand what’s really driving this move—and what could come next for gold and silver.
Surging oil prices following the disruption of key Middle East shipping routes are sending shockwaves through global commodity markets. At the same time, silver prices remain volatile as inventories across major exchanges tighten and physical metal continues shifting between Western and Eastern markets. Declining stockpiles and persistent premiums in Asia suggest underlying supply stress that paper markets may not fully reflect. With energy costs rising and bullion flows accelerating, investors are closely watching how these pressures could reshape the next phase of the precious metals cycle. Listen in to review inventory trends, and key market signals that could help reveal what comes next for oil, silver, and global commodity prices.
Escalating conflict between the US-Israel-Iran is sending shockwaves through global markets—and precious metals are right at the center of the story. Oil disruptions, rising geopolitical risk, and growing financial uncertainty are all reshaping investor demand for gold and silver. Historically, periods of war and instability have driven investors toward hard assets as a hedge against volatility. But the current situation could carry deeper implications for currencies, energy markets, and global debt. Listen in for a deeper breakdown of what’s happening and how these developments could impact gold and silver investors.
Silver’s breathtaking five-week ride — from record highs above $120 to a sharp correction and stabilization near $93 — is a masterclass in how real bull markets behave. But the price action alone doesn’t tell the full story. The mysterious COMEX glitch, which halted metals markets at a critical moment, has raised serious questions about paper price discovery and market structure. At the same time, China’s triple-digit silver pricing and India’s sweeping shifts in precious metals policy are reshaping global demand dynamics in ways many Western investors may be underestimating. Listen to the full breakdown to understand what’s really driving silver — and why this volatility may be signaling something much bigger ahead.
Silver is disappearing from the COMEX at a pace never seen before, with roughly 90 million ounces leaving in just the past four weeks, while the U.S. government continues running deficits near $2 trillion annually, proving once again that tariffs and political promises won’t solve a structural debt crisis. Industrial silver supplies are tightening, ETF inventories are shrinking, and physical metal is steadily moving East. This is not normal market behavior, yet most investors remain distracted and underexposed. Listen to the full update to understand why silver’s vanishing act and America’s exploding deficit could be setting the stage for what comes next.
Silver price just went through one of the wildest 2-week stretches we’ve seen in years — ripping to ~$125 and then plunging ~30% in a single day before printing a sharp $64 spike low and bouncing hard.
In this episode of SD Bullion market news, SD Bullion CEO Chase Turner sits down with Senior Market Analyst James Anderson to break down what actually drove the move (hot money + leveraged options flow), why the selloff accelerated so violently (fear + margin calls), and what the charts and fundamentals suggest could come next.
We also zoom out to the big-picture cycle: gold’s leadership, silver’s long-term breakout context, and why physical demand/warehouse draws matter more than the day-to-day paper price noise.
Disclaimer: This content is provided solely for general education and does not constitute financial, investment, legal, or tax advice. Consult a qualified professional regarding your specific circumstances before investing in precious metals. Market risks apply, and historical performance should not be relied upon as a predictor of future results.
Precious metals markets showed resilience this week, with gold holding near $5,000 per oz and silver closing at $77.37 per oz despite a sharp, headline-driven flash crash selloff sparked by a now-denied report about Russia rejoining the U.S. dollar system. The brief volatility underscored how sensitive markets remain to geopolitical narratives, but physical demand trends suggest underlying strength. Second, tightening physical silver supply continues to stand out globally, with Chinese exchange silver bar inventories falling toward 25 million ounces and COMEX registered inventory down roughly 54% since India’s surge in imports last fall. Strong buying from Turkey, India, and robust sales at the Perth Mint reinforce the idea that retail and institutional investors alike are rotating more aggressively into silver. Finally, the broader macro backdrop remains firmly supportive of bullion, as U.S. deficits approach $3 trillion annually and total federal debt nears $40 trillion. With stock-to-gold ratios breaking down and fiscal discipline appearing unlikely in the near term, the long-term debasement narrative continues to drive strategic allocations toward gold and other precious metals. Listen this week’s podcast with an open mind — beyond the flash crash headlines and the political theater of ongoing congressional hearings, the real story unfolding in gold and silver may be far more significant than most investors realize.
Gold and silver just lived through another roller-coaster week, with sharp silver price swings masking what’s really happening underneath the surface. Physical supply continues to tighten globally, while speculative excess gets shaken out in dramatic fashion. Big-picture signals—from exchange inventories to global capital flows—suggest this bullion bull market is far from finished. Listen to see the data, charts, and context that explain why these moves matter and what could come next.
- Extreme price volatility and speculation in silver and gold
The podcast details sharp swings in silver prices, heavy options speculation, leveraged positioning, and the role of futures markets and ETFs in amplifying short-term moves. - Tightening physical bullion supply and market stress signals
A major focus is the ongoing drawdown of silver inventories in China, rising lease rates in London, backwardation, and reports of silver bullion shortages from dealers worldwide. - Long-term macro and relative-value case for bullion
The update ties precious metals to bigger trends like currency debasement, capital flows, and declining confidence in fiat systems, using gold-to-stocks and gold-to-housing ratios to show why bullion may continue outperforming traditional assets.
January 2026 will be remembered as a shock month for precious metals, delivering silver’s best performance in decades and volatility that caught even veteran market watchers off guard. Silver price started the year near $70 on January 1 and surged to an all-time nominal high of $121 on January 29—then everything changed. In less than 30 hours, the market violently reversed, with silver plunging from its peak. By Friday afternoon, January 30, prices bottom just below $75 per ounce, marking one of the most brutal daily corrections in silver’s trading history. Gold and the broader precious-metals complex were swept into the chaos as well, with massive upside and downside moves packed into a single week. Silver surged, then crashed in dramatic fashion—listen to understand what unfolded last week behind the price action.
Silver just delivered one of its most volatile weeks on record, surging decisively above $100 per ounce as physical demand overwhelmed paper pricing. The move confirms this rally is being driven by tight supply and real-world buying, not speculative leverage. Gold is right behind it, finishing the week just shy of $5,000 per ounce, underscoring the strength of the broader precious metals bull market. At the same time, a clear divergence is opening between the U.S. and Chinese silver markets, with China showing shrinking inventories and persistently higher premiums. Listen to get fully up to speed on the forces driving this historic metals bull run—and why global price discovery is increasingly shifting east.
Global Markets Quietly Pay $100 for Physical Silver, as Gold Eyes $5,400
This past week delivered some of the most volatile price action the precious metals market has seen in years — and the headlines barely scratch the surface. Gold and silver didn’t just move higher; they signaled a major repricing already underway, with parts of the world effectively paying $100 silver today. While Western spot prices lag behind, global physical markets are moving first, revealing where real demand is setting the tone. Add in rising political pressure, tightening inventories, and accelerating industrial use, and the next phase of this bull market is coming into focus fast. To fully grasp what just happened — and what these trends mean going forward — this is a week you absolutely need to listen broken down in the pocast.
Silver Market Tightens: Record U.S. FUN Coin Show Crowds Meet East Asian Physical Silver Demand
From record crowds at the FUN Coin Show to rising demand across China and Asia, silver markets are tightening as retail and industrial buyers compete.
Silver had a busy week — and the signals are getting harder to ignore. From record-breaking crowds at the FUN Coin Show in Florida to silver bullion selling out in minutes across Japan and months-long waitlists in Singapore, physical demand is tightening worldwide. At the same time, China’s growing grip on global silver refining and new export controls are quietly reshaping supply chains that industries can’t function without. Premiums in Asia and shrinking inventories in the West suggest this isn’t just a paper-market move, but a real-world squeeze forming across hemispheres. Listen to hear how these forces are converging — and why silver’s role as a strategic metal may be entering a new chapter.
Last week in 2025, silver surged to nearly $84 an ounce before swinging wildly all week and closing above $72, a high volatility stretch that shook the market.
From a blistering Asian-market surge to a brutal midweek sell-off, here’s what really drove silver’s dramatic price action and why it matters now.
This past week in silver was anything but boring, and it all started with a bang. The spot silver price ripped higher in Asian trading, surging nearly $84 an ounce to a new nominal high before most investors had their morning coffee. What followed was a violent, whipsaw sell off, with sharp up and down moves that shook out anyone unprepared for real volatility. By the end of the week, silver settled at $72.86 an ounce, but the story behind those moves matters far more than the closing price. If you want to understand what really happened, why it matters, and what it could signal next, this is a week you do not want to miss.
Silver and Platinum Surge as Chinese Price Premiums Gap Up
Silver just blasted to a new all-time high weekly close above $79 per oz, while gold quietly set its own record above $4,500 per oz, all during what should have been a sleepy holiday week. The real story is coming out of China, where silver prices on the Shanghai Gold Exchange (SGE) and the Shanghai Futures Exchange (SHFE) surged far above Western spot levels, signaling real physical tightness and rising demand. This wasn't paper trading noise — shrinking inventories, rising Eastern premiums, and collapsing ratios suggest silver is finally stretching its legs. Gold making new highs while silver accelerates faster is a rare and powerful setup precious-metals watchers love to see. Watch the video for a friendly, plain-English recap of everything that moved gold and silver over the past week and why it matters heading into 2026.
Silver just closed near $67 an ounce, and for the first time in generations, that single ounce now buys an entire barrel of oil—a price relationship that almost never happens. This rare silver-oil ratio flip is quietly signaling a major shift that Wall Street prefers to downplay, even as silver continues to outperform oil and much of the stock market. History shows this ratio doesn’t stop at parity, and past cycles suggest it can move multiples higher from here. In the new podcast episode, we break down the data, the long-term historical context, and why this moment matters far more than most headlines suggest. Listen to the new podcast to understand what this signal may be telling you before the broader market finally catches on.
Silver just sent a loud signal to the market—and most investors haven’t caught it yet. In this week’s update, we break down the price surge, key technical levels, and why recent moves may be setting the tone for the next six months, not just the next headline. We also dive into China’s growing dominance in the silver market, and how new export controls could quietly tighten global supply right when demand is accelerating. These aren’t abstract trends—they directly impact physical availability, premiums, and future price discovery. If you want to understand what’s really driving silver right now and where the pressure points are forming, this is an update you don’t want to miss.
- Silver just blew past $60, and while a brief pullback wouldn’t surprise anyone, the bigger takeaway is this: once you’re above old highs, the market starts feeling around for new ground—$64 to $65 is the next neighborhood to watch.
The $60 Silver Breakout: Hype or Historic Turning Point?
PLUS: Gold & Silver Myths—FACT or FICTION?
Silver’s surge past $60 has sparked major questions about where the market is headed next—and SD Bullion’s COO Cole Keller and senior analyst James Anderson break it all down in this essential discussion. They explore the forces driving today’s record-setting price action, from tightening physical supply to industrial demand that refuses to slow. Using decades of historical charts, they reveal how past bull cycles may be repeating—and why silver’s most dramatic moves could still be ahead. The conversation also tackles circulating rumors, COMEX delivery pressures, and what these signals really mean for investors. If you want clarity on where silver could go in 2025 and beyond..
Silver just blasted above $59 per oz, setting a stunning new nominal record and signaling that something big is unfolding in the precious metals market. Behind the headlines lies a deepening supply-demand imbalance, with years of structural deficits finally catching up. Investors around the world are waking up to a growing physical squeeze that’s tightening faster than many expected. From industrial demand surges to global shifts in bullion buying, the forces driving this move are only getting stronger. Listen to understand what’s really happening—and why this silver story is far from over.
Silver just hit a new all-time high (+$56 oz), and the fireworks started during a rare Thanksgiving-night CME outage. Beginning around 9:44 p.m. ET on November 27, CME futures trading was halted for nearly 10 hours, only resuming at 8:30 a.m. ET on November 28 — right as silver was breaking out. The timing has sparked big questions about what really happened and why the outage struck during one of the market’s thinnest trading windows. Listen to see how the halt unfolded, what drove silver’s surge, and why this could be a major turning point for the metal.
Global silver inventories are collapsing at a pace we haven’t seen in decades, from China’s SGE/SHFE to COMEX and even major ETFs. Massive, irregular outflows—millions of ounces at a time—signal that something big is shifting beneath the surface of the silver market. Analysts now warn that this year’s silver deficit could become the deepest on record, with cumulative shortages since 2019 already exceeding 1.3 billion ounces. Add in tightening liquidity and the growing risk of sudden investment surges, and the setup for explosive silver price action is becoming hard to ignore.
In the shadows of today’s noisy financial markets, a quieter and far more consequential shift is underway. China—long the world’s largest gold miner and now its most aggressive accumulator—is buying metal at a scale that dwarfs official disclosures. Major central banks are following a similar path, quietly rotating out of fiat exposure and into hard reserves at a pace not seen in modern history. This East-led accumulation isn’t just a hedge; it’s a signal of fading confidence in the stability of the global monetary order.
Yet gold is only half of the story. Silver, once treated as gold’s humble cousin, is emerging as a strategic metal at the very moment global inventories are thinning. With its critical role in electronics, solar technology, artificial intelligence hardware, and national-security infrastructure, silver is shifting from an industrial input to a geopolitical asset. Nations that ignored supply chains for decades are now scrambling to secure future access.
Together, these trends reveal a world quietly preparing for a different kind of financial future—one where tangible reserves, not promises, determine economic resilience. As China stockpiles gold, central banks diversify out of weakening currencies, and silver steps into its new strategic spotlight, the precious-metals landscape is entering a phase that investors can’t afford to overlook.
Silver just got officially crowned a critical U.S. mineral, and that’s sending ripples through the entire precious metals world. From tightening global supply chains to central banks quietly stacking gold, the signs of a new bull run are flashing everywhere. We’ll break down why $100 silver and $5,000 gold aren’t as far-fetched as they sound — and what it all means for investors like you. Grab your coffee and catch this week’s Bullion Market Update before the next big move hits.
Silver just closed October with its highest monthly finish ever, up an incredible 64% year-to-date — but the story behind the surge runs far deeper. From China’s collapsing inventories to India’s growing solar-driven demand, global forces are reshaping the precious metals market. The U.S. banking sector’s hidden risks and central bank buying spree add even more fuel to the fire. Analysts now see $60 silver and $5,000 gold on the horizon. Don’t miss this week’s full market breakdown — listen to the full report and discover what could be driving the next surge in gold and silver prices.
Over the past two weeks, gold and silver sentiment has shifted sharply from excitement to concern, even though market fundamentals remain steady. In this mid week market update, James Anderson, Senior Analyst at SD Bullion, and Cole Keller, the company’s Chief Operating Officer, share their on-the-ground insights into the precious metals market. They break down what current price charts and trends reveal about the ongoing bull market and why recent pullbacks are normal. By analyzing global demand data and historical patterns, James and Cole explain what is really driving short-term volatility. Listen to the latest update to understand why gold and silver investors can stay confident in the broader bull market trend.
Gold just defended the $4,000 line while silver flirted with $49, but beneath the headlines, the real action is happening in the vaults and trading desks. From JPMorgan’s bullish gold thesis to a massive 27-million-ounce silver drain, the setup for precious metals has rarely looked this dramatic. Even JPMorgan’s CEO Jamie Dimon is hinting at five-figure gold “$10,000 gold makes sense”, and that’s not a man known for hyperbole. Listen this week’s update now to catch the inside story before the next big move hits.
On October 21st, Gold plunged over $200 and silver nearly $4 an ounce in one of the most dramatic market moves of 2025 — a correction so sharp it’s being called historic. Is this the end of the bullion bull run or just the calm before the next surge? But what’s really happening behind the scenes? SD Bullion's COO Cole Keller and senior market analyst James Anderson pull back the curtain on the physical precious metals industry — where retail demand is surging even as paper prices tumble. They cut through the noise, revealing the real forces driving this unprecedented volatility. Don’t miss this urgent analysis that exposes the disconnect between Wall Street’s paper markets and Main Street’s rush to buy real bullion.
The silver market is entering a critical “supply crunch” phase — and the signs are everywhere. Even as spot prices dip, global physical demand is surging to multi-year highs, straining refineries and sovereign mints. Major wholesalers are flashing the same message across their offer sheets: “SOLD OUT.” Tune in to the latest podcast to get ahead of the curve and understand what this tightening supply means for premiums, delays, and your stacking strategy.
In this week’s market update, CNBC’s Manisha Gupta sits down with SD Bullion’s senior analyst James Anderson to unpack one of the most dramatic moments in precious metals this month. With silver and gold hitting all-time highs during the trading day this past week, Anderson offers rare insights into what’s driving this powerful rally. He breaks down the London silver squeeze, record-breaking demand from India, and how shifting market dynamics are reshaping price discovery. This isn’t just another price move — it’s a structural story every precious metals follower should understand. Don’t miss this week’s report if you want to stay ahead of what could be a historic turning point for gold and silver.
Silver’s heating up — but is it really on track to hit $100 per oz, or are we headed for another wall at $50 like in 1980 and 2011? In this week’s episode, SD Bullion CEO Chase Turner sits down with senior analyst James Anderson to break down silver’s price charts and uncover what the data is really showing. James shares eye-opening comparisons between gold’s breakout past $2,000 per oz and what that could mean for silver’s next leg up. From refinery bottlenecks to supply crunch fears, this conversation pulls no punches on what could spark silver’s next moonshot. Don’t miss this one — it might just change how you see the silver market forever.
Watch the video.
The silver market is entering uncharted territory — and things are moving fast. Over the past few days, several U.S. dealers and refineries have halted silver purchases, sending shockwaves through the entire precious metals industry. Refineries have stopped buying, lease rates have exploded past 100%, and mints are struggling to keep coins flowing. In this episode, hear a candid discussion (on 10/13/2025) with SD Bullion’s CEO and COO as they break down what’s really happening behind the scenes — and what it could mean for silver prices in the days ahead. Tune in now before the market shifts again.
Silver just broke the $50 mark last week, and it’s stirring up the biggest buzz the bullion market’s seen in decades. From London’s sudden silver shortage to record-breaking lease rates, the pressure behind this move is unlike anything since the Warren Buffett era. Gold’s holding strong near $4,000, and demand from both investors and industry is pushing supply to its limits. Listen now as senior analyst James Anderson breaks down what’s really driving this historic silver surge—and what it means for everyday Americans watching from the sidelines.
- Silver hit a historic milestone: Silver officially closed above $50 an ounce 10/10/2025 — the highest nominal weekly close ever in U.S. dollars. It’s a major psychological mark the market’s been eyeing for years.
- London’s running short on big silver bars: 1,000-ounce bars — the kind traded between banks and refiners — are in tight supply. Lease rates in London skyrocketed to levels not seen since Warren Buffett’s silver play back in 1998.
Silver is charging toward the $50 per oz mark, a price it hasn’t held since 1980 and 2011. Why $50 per oz is silver’s most important battle zone yet comes down to history, psychology, and supply strain all converging at once. Vault inventories are vanishing, institutional investors are still underweight, and global demand is hitting new highs. If silver breaks through and holds, it could spark a frenzy that redefines how the world views this long-undervalued metal. Listen now to learn why stacking today could protect and grow your wealth tomorrow.
Big names on Wall Street are finally recommending serious allocations to gold and silver, but the smart move is to get positioned before the mainstream rushes in. With silver already at a decade high above $43 an ounce and gold climbing fast, this video explains why a 20 to 25 percent allocation makes sense right now. You’ll see how central banks, mints, and market signals are lining up for the next major bull run. Listen now to learn why stacking today could protect and grow your wealth tomorrow.
- Wall Street is finally catching on, with Morgan Stanley suggesting 20 percent gold in portfolios and Jeffrey Gundlach saying 25 percent is reasonable.
- The bottom line is that gold and silver are not just collectibles, they are practical tools to preserve wealth, grow purchasing power, and provide peace of mind.
Step inside the world’s oldest mint with a behind-the-scenes look at the British Royal Mint’s thousand-year legacy. From striking coins to fund battles with Vikings to crafting today’s iconic Britannias and sovereigns, their story is packed with history and innovation. You’ll hear how they’re reshaping the bullion market, creating future-ready products, and even recycling e-waste into gold. Plus, don’t miss the lighter side—like the surprising “currency” of Welsh cakes inside the Mint.
Why collectors and investors worldwide treasure Royal Mint coins—exploring iconic designs, cutting-edge security features, and the timeless appeal of sovereign gold and silver.
Gold and silver are breaking records, and experts say this bull market may just be getting started. Silver's spot price surpassed $42 per oz for the first time in 14 years. Silver price closed at $42.11 oz, while gold price ended at $3,642 oz. From central bank buying to booming demand in solar and EVs, precious metals are firing on all cylinders. With silver shortages looming and gold price forecasts climbing to new highs, investors everywhere are paying attention. Listen to this week’s market update to see why the smart money is moving into gold and silver now.
- Silver is drawing attention for its potential to outperform gold in percentage gains during this cycle, with short-term targets of $45–$50/oz and some forecasts even higher.
- Silver demand is being supercharged by industrial uses like solar panels, EVs, and data centers, raising concerns about potential shortages by 2030.
Gold and silver are making headlines as prices push to record highs, but the story goes far beyond the charts. Central banks, shifting global trade, and tightening supply are reshaping the role of precious metals in today’s economy. For new investors, this is an opportunity to understand why gold and silver have stood the test of time as trusted stores of value. Listen to see what’s driving the market and what it could mean for your portfolio.
- Gold and silver are at historic highs — with gold recently surpassing $3,590/oz and silver under $41/oz, underscoring their growing role as alternative stores of value.
- Central banks are leading the trend — countries like India, China, and Russia continue record-setting bullion purchases, signaling a global rebalancing away from government bonds toward tangible reserves.
Silver Hits 14-Year High: What New Investors Need to Know
Discover why silver demand is surging worldwide, what it means for supply, and how gold and silver trends are shaping the future of precious metals.
Silver just reached its highest price in 14 years—and that’s only part of the story. In this week’s market update, we break down why silver is considered critical to modern life, why demand keeps outpacing supply, and how different countries are shaping the market. You’ll also see why many investors think silver still has room to run compared to gold. Listen now to understand the trends shaping today’s precious metals market in plain, easy-to-follow terms.
The Federal Reserve signaled potential rate cuts ahead, pushing silver and gold prices higher to close the week. At the same time, U.S. military activity near Venezuela has stirred geopolitical tensions tied to global resource struggles. Meanwhile, China continues to expand its role as the world’s leading buyer of gold, with record bullion imports and shifting consumer demand away from jewelry. Listen to the full market update video for deeper insights into how these developments are shaping precious metals markets.
- Fed Policy Shift – Jerome Powell signaled likely rate cuts next month, prioritizing jobs over inflation, sparking a surge in silver and gold prices.
- Market Reaction – Silver closed just under $39/oz and gold near $3,370/oz, with the gold-to-silver ratio ending at 86—levels that caught investor attention.
- Canadian Gold Exports – In 2024, Canada exported over $25 billion in gold bullion to China—ten times the amount publicly reported—showing how gold quietly flows across borders.
Gold and silver markets remain at the center of global attention, with CNBC India turning to SD Bullion’s senior analyst James Anderson for clear-eyed insight on price swings and long-term value. He explains how a simple misreport moved gold futures $120 in a day, showing just how fragile market perception can be. He also reveals how history shows gold once bought a U.S. home for just 70 ounces—and why today’s housing-to-gold ratio signals a repeat may be underway. Silver, meanwhile, faces unprecedented industrial demand, leaving investors and manufacturers scrambling for supply. Listen to the full CNBC interview to see why Anderson believes both metals are on the cusp of historic moves.
A misinterpreted U.S. Customs ruling on Swiss gold bars triggered a $100 futures-spot spread, fueling market volatility, global supply concerns, and renewed bullion demand. Gold futures surged to a record $3,533 per oz after media reports misinterpreted a U.S. Customs ruling as imposing a steep 39% tariff on Swiss gold bars. The news triggered a $100 spread between U.S. futures and London spot prices before the White House refuted the claim late on Friday. Analysts warn this episode highlights how easily precious metals markets can be moved by selective information and leveraged trading. With ongoing silver deficits and rising global bullion demand, thin U.S. inventories could keep premiums under pressure.
In this eye-opening SD Podcast episode, SD Bullion founder Tyler Wall and senior analyst James Anderson break down the powerful economic forces shaping gold and silver today. From the untold origin story of SD Bullion to the truth behind price manipulation, industrial demand, and global de-dollarization—you’ll gain rare insight from two voices deep in the industry. Listen now to understand where the metals market may be heading—and how it could impact your stacking strategy.
Gold Gains, Silver Swings: Precious Metals React to Tariff Chaos and Inflation MistrustTariffs are shaking up global metal markets, and silver and gold prices are reacting in real time. This week’s market update unpacks the surprising moves in copper, the latest inflation data controversy, and why more Americans are turning to physical bullion. If you’re stacking or just watching the metals space, you can’t afford to miss what’s driving these price swings. Listen to the full episode now to stay informed and ahead in today’s volatile precious metals market.
- Tariff Turbulence Shakes Metals Markets
U.S. tariff rates surged to an average of 18%, with Brazil hit hardest. Sudden copper tariff exemptions triggered a 20% price collapse, wiping out the U.S. futures premium over the LME. - Fiat Fallout and the Fed’s Fragility
Fed Governor Adriana Kugler resigned unexpectedly. The move follows labor data revisions that erased over 250,000 jobs previously reported in May–June 2025—a pattern historically signaling recession.
Gold and silver prices slipped this week as global trade optimism boosted equities, but that may not tell the whole story. Charts show fiat currencies worldwide continuing their long decline against bullion, with silver potentially following its explosive 1970s breakout pattern. Meanwhile, central banks are shifting strategies, and supply tightness remains a growing concern. Don’t miss what could be setting the stage for silver’s next big move—listen to the full Market Update now.
Platinum is quietly entering one of the most critical supply squeezes we've seen in years—yet hardly anyone is talking about it. Inventories are vanishing, lease rates are exploding, and major players like China are scooping up what's left. If you're serious about understanding where precious metals are headed next, this is a story you can't afford to ignore. Listen to the full breakdown now before the market catches on.
- Platinum Market Squeeze: Platinum lease rates are soaring, signaling extremely tight physical supply globally. Inventories in London and Zurich are reportedly depleted, with NYMEX stocks down over 55% since April 2025.
- China's Platinum Demand: Despite claims to the contrary, China remains the top platinum consumer—driven by auto manufacturing, glass, and oil refining industries—and is likely absorbing Western inventories.
- Gold Price Surge on Political Rhetoric: Gold briefly spiked to $3,375 oz midweek after Donald Trump mentioned potentially firing Fed Chair Jerome Powell, before settling back to $3,350 oz.
- Gold to Silver Ratio Climbs: The ratio rose to 87 this week, with silver retreating slightly to $38.17 oz while gold strengthened—highlighting a potential opportunity for silver to catch up.
Central banks are buying gold at record levels as the global shift away from the U.S. dollar accelerates—and most Americans have no idea it’s happening. Meanwhile, silver and platinum are seeing surging demand, with China leading the charge and physical supply running thin. Despite bullion nearing multi-year highs, U.S. retail investors remain largely absent—creating a rare window of opportunity. Listen this week’s market update to see what’s really driving the metals market and why now may be a pivotal moment.
Gold Price Hits Record High, Platinum Supply Squeeze, Central Banks Boost Gold Reserves, and Bullion Banks ProfitGold just closed at its highest weekly level ever (in 2025) fueled by soaring oil prices, possible start to a war in the Middle East, and a renewed flight to safety. Platinum is flashing warning signs of a physical shortage, while silver quietly builds toward a potential breakout past $36. Meanwhile, central banks are hoarding gold at rates not seen in decades, and Wall Street is raking in massive profits from bullion market volatility. Listen to this week’s market update to see the full story behind the headlines and what it means for your stack.
Silver just broke past $35 oz last week, hitting its highest level in 13 years, and the rally may be just getting started. The Gold-Silver Ratio is collapsing fast, signaling silver could dramatically outperform gold in the months ahead, as shown in historical trends. Meanwhile, central banks are stockpiling gold at record levels, revealing where smart money is moving. Dive into our latest video to see what could come next.
- Silver Breaks Out Above $35: Silver bulls are riding high after a powerful breakout above the long-standing $35/oz resistance, closing the week near $36/oz—only the third time in U.S. history silver has crossed that threshold.
- Historic Gold-Silver Ratio Collapse: The Gold-Silver Ratio (GSR) plummeted from a recent high of 97.5 to 92, marking a sharp pivot that historically signals silver outperformance ahead—a pattern reminiscent of the early 2000s bull run.
- Global Central Banks Double Down on Bullion: Central bank gold buying remains relentless, with forecasts projecting 1,000 more metric tons to be added in 2025. This wave of institutional accumulation has massive bullish implications for precious metals, including silver.
Platinum and silver are heating up—are you paying attention? In this episode, we break down China’s stunning platinum import numbers and the quiet supply crunch reshaping the precious metals landscape. Silver’s surge is no fluke either, with industrial demand and retail momentum building fast. If you want to understand where the smart money is heading in 2025, you won’t want to miss this. Download now and get ahead of the curve before the breakout becomes the headline.
- China’s Platinum Buying Surges: In April 2025, China imported 11.5 metric tons (370,000 oz) of platinum—equivalent to 98% of the entire NYMEX platinum warehouse stock—signaling aggressive demand amid global supply deficits.
- Platinum Poised for Rerating: Platinum’s rally above $1,100/oz may mark the sixth breakout from consolidation since the early 2000s. The metal remains undervalued relative to gold, especially with industrial, jewelry, and investment demand rising in Asia.
- Silver Fundamentals Strengthen via Solar Demand: China continues to expand solar infrastructure at record pace, bolstering industrial demand for silver and setting the stage for continued price strength.
Central banks stockpile bullion as Western investors risk being caught off guard.
The European Central Bank just issued a stark warning about a potential gold bullion short squeeze—confirming what seasoned investors have suspected for years. Central banks are piling into gold while Western investors remain dangerously underexposed. With gold prices surging and paper markets showing cracks, the window for acquiring physical bullion at suppressed prices may be closing fast.
ECB Acknowledges Gold Market Distortion: The European Central Bank (ECB) has formally recognized the mounting risk of a global gold bullion short squeeze, citing decades of systemic price suppression via leveraged derivatives. This marks a pivotal shift in official sentiment.
Gold Bullion Demand Surges Globally: Central banks, particularly in emerging markets, are aggressively increasing gold reserves. Poland recently surpassed 509 metric tons, positioning gold as over 20% of its national reserves—a benchmark now echoed by institutions like Goldman Sachs.
Western Bullion Reserves Alarmingly Low: While emerging economies ramp up bullion exposure, Western investors remain dangerously underexposed. UBS data reveals family offices hold a mere 2% allocation to precious metals, leaving portfolios vulnerable in a currency devaluation scenario.
Moody’s has officially downgraded U.S. debt, sending shockwaves through the financial world and raising serious questions about America’s fiscal future. Meanwhile, gold is cooling after a blistering start to 2025—but is another breakout above $3,000 on deck? China’s massive gold demand surge and a rare move by Ray Dalio’s fund are turning heads across global markets. And with silver on the verge of a breakout, could a precious metals mania be just getting started?
Moody’s Downgrade: Moody’s has officially downgraded U.S. debt below AAA, citing unsustainable government spending—making it the last of the big three rating agencies to do so.
Long-Term Bond Bear Market: The U.S. bond market may be entering a prolonged bear market aligned with escalating government debt.
Gold Price Consolidation: After a surge in early 2025, gold prices are undergoing a correction; investors are watching closely for the next support level.
Buffett’s long-term success was built on compounding—but that only works as long as the currency holds its value. Even Warren himself recently hinted that the U.S. dollar is in trouble over the coming decades, and our current leaders aren’t equipped to fix it. Meanwhile, gold and silver continue rising quietly, with silver’s supply-demand gap widening and central banks hoarding bullion.
Gallup Shows Gold Sentiment Climbing
A recent Gallup poll shows nearly 1 in 4 Americans now view gold as the best long-term investment—yet physical bullion sales remain quiet. Classic case of sentiment leading price
Buffett’s Long History with Silver
Back in the late '90s, Warren Buffett’s Berkshire Hathaway bought nearly 130 million ounces of silver—so much that it spiked lease rates to 70% annually. They sold in 2006, likely under pressure during legal negotiations.
Gold vs Berkshire Since 2000
Gold has outperformed Berkshire Hathaway stock over the last 27 years—despite Buffett’s public criticism of gold.
Over the past century, the battle between precious metals and paper assets has swung wildly — and today, both gold and silver are flashing signs of being massively undervalued. While gold has already begun its breakout, silver is the coiled spring, historically known for explosive catch-up moves when it finally runs. Real estate and stocks may look solid in dollar terms, but measured in bullion, the cracks are already showing. If you're curious about where true value is heading, now’s the time to dig deeper — the charts and history don’t lie.
Gold recently hit a new nominal high, echoing historical patterns from the late 1970s when gold and silver prices surged dramatically, and today’s economic fragility suggests much higher precious metals prices are still ahead. Central banks, especially in emerging markets, are aggressively accumulating gold as faith in the U.S. dollar weakens, signaling a broader structural shift in the global monetary system. Meanwhile, silver remains deeply undervalued relative to gold, and with surging demand from Asia and persistent supply deficits, it is poised for a powerful breakout as the bullion bull market matures.
Gold prices have surged over $700 this year, recently surpassing $3,350 per ounce, with some analysts forecasting a potential rise to $3,500 by the end of May. This rally has been fueled by strong central bank demand—particularly from emerging markets—alongside increased speculative activity in derivatives markets. While short-term corrections are expected, possibly dipping below $3,000 over the summer, the long-term trend remains bullish. Silver, which has lagged behind gold, is projected by some to reach $38–$42 per ounce this year, with the potential to retest its historic highs if momentum builds. The global silver market also faces a growing supply deficit, now projected at nearly 149 million ounces for 2024.
Gold prices have recently soared to unprecedented levels, surpassing $3,245 per ounce, driven by escalating U.S.-China trade tensions and investor demand for safe-haven assets. The imposition of steep U.S. tariffs—up to 145% on Chinese imports—prompted retaliatory measures from Beijing, intensifying global market volatility and diminishing confidence in traditional assets like the U.S. dollar and Treasuries.
Gold and silver prices tumbled in a volatile trading week, with gold fighting to hold $3,000/oz and silver erasing months of gains. The gold-silver ratio surged past 100:1—signaling historic undervaluation. Bullion was exempt from new tariffs, fueling massive COMEX inflows and setting the stage for a potential precious metals mania.
A new wave of silver stackers is organizing a coordinated buying event, reviving interest in silver squeeze movements. A high-net-worth tech entrepreneur surfaced on Twitter, revealing he has pulled 12.69 million ounces of silver from COMEX over four months after shifting away from ETFs. Precious metals prices are climbing, with silver surpassing $34/oz and gold reaching a record $3,082.57/oz, while analysts suggest silver may soon outperform gold. Market trends indicate growing institutional interest in bullion, with signs of continued tightening in global silver supply and increased demand from major investors.
Gold reached a record high of $3,023 per ounce, with significant flows from Swiss refineries to the US and predictions it could rise to $3,500 by year-end. Global demand remains strong with Western investors experiencing FOMO and Vietnamese consumers standing in long lines to purchase gold, while India faces a $13 billion loss from its sovereign gold bond program. Despite the current gold-to-silver ratio being historically high at 91, analysts remain bullish on both metals due to factors including record debt markets, deficit spending, and worldwide fiat currency proliferation.
Gold recently surpassed $3,000 an ounce, reflecting accelerating fiat currency devaluation as central banks shift to bullion reserves over bonds. Both gold and silver have outperformed dividend-reinvested stock indices this century, despite financial education largely ignoring precious metals since the 1970s. Rising precious metal prices correlate with concerning US budget deficits, higher interest expenses, and dollar weakness, validating physical bullion as protection against fiscal irresponsibility.
London silver reserves hit critical lows with an 18% drawdown last month. Analysts warn of supply shortages as silver inventories reach record lows and lease rates climb. Amid market uncertainty and tariff threats, experts predict silver prices will surge as derivatives markets face a potential supply squeeze.
This week's SD Bullion Market Update covers Elon Musk’s appearance on Joe Rogan and Luke Gromen’s insights on gold, debt, and the U.S. financial system. It highlights the growing U.S. debt crisis, the historical value of gold relative to debt, and the potential for a gold revaluation. Platinum market trends, including backwardation and historical price ratios, are also analyzed.
Trump makes plans to visit Fort Knox as gold takes center stage in the 21st-century bullion bull market. From COMEX inflows to silver supply deficits, explore why we’re still early in the gold and silver rally. Don’t miss this deep dive into market shifts, central bank moves, and what’s next for precious metals.
Explore theories about potential US gold revaluation from $42 to $3,000 per ounce, the speculative Mar-A-Lago Accord involving global powers, and current gold market dynamics including price spikes, supply shortages, and regional premium differences. Learn why gold's 2025 performance is multiple standard deviations above historical averages.
We invited the Perth Mint for an in-person visit to our facilities for a tour of the SD Bullion Vault. We were fortunate to sit down with them after the tour to learn more about what makes the Perth Mint special. We asked them a ton of questions that we hear from our customers. We learned a lot about Perth Mint products including some of the fan favorites such as the Lunar Series coins, Kangaroo coins, Kookaburra Coins, and Koala Coins. Being responsible for creating some of the world's most popular animal coins, the Perth Mint shares what coins are the customer favorites and what makes them so popular. We also get the inside scoop on Perth Mint’s growth strategy as well as their historical presence within the local community of Perth. We learned about all of this and more in today's episode of the SD Bullion Podcast. We hope you enjoy this exclusive access to one of the world's largest mints, brought to you by SD Bullion.
In January 2025, the London gold and silver markets are experiencing unprecedented withdrawals, with 4.8 million ounces of gold and 71 million ounces of silver being pulled from inventories amid rising geopolitical tensions and potential market manipulations. The Bank of England is managing significant gold withdrawal challenges, while the Trump administration is exploring using gold reserves as a policy tool to stabilize the US dollar and global economic dynamics. The spot gold price has dramatically increased to $2,860 per ounce, central banks are consistently purchasing over 1,000 tons of gold annually, and the market remains largely opaque with complex movements occurring between London, Switzerland, and US warehouses.
There is unprecedented uncertainty in the precious metals markets, driven by potential Trump tariffs and potential disruptions to silver and gold imports from Mexico. The Bank of England is experiencing significant gold withdrawal delays of 1-2 months, challenging the traditional spot gold market's prompt delivery model. The global silver market faces a projected supply deficit of 149 million ounces in 2025, marking potentially the seventh consecutive year of demand outstripping supply. Spot gold has reached a new record nominal high of nearly $2,800 per ounce, while the market grapples with massive pricing discrepancies and potential market-shaking tariff exclusions.
Gold continues to lead the precious metals rally, reaching new all-time highs in multiple currencies including the US dollar at $2,771/oz, while silver lags behind at $30.57/oz with a gold-silver ratio of 90. Major supply constraints are emerging in the silver market, with US refineries facing three-month backlogs for COMEX Good Delivery Bars and industrial consumers struggling to source reasonably priced physical silver, amid a reported billion-ounce supply deficit over the past six years.
Precious metals markets are under pressure as gold hits $2,725 amid massive COMEX inflows and depleted London vaults, with gold lending rates surging to 15% and concerns mounting over potential Trump tariffs. Unprecedented demand continues as Chinese buyers pay 10% premiums for industrial silver while London vaults empty, creating historic divergences between spot and futures prices.
The silver market is showing signs of stress in early 2025, with prices over $30/oz and a widening gap between COMEX futures and London spot prices. A significant supply deficit of 282 million ounces was reported for 2024, while London inventories have fallen to near-record lows. Despite increased COMEX inventories, much of the available silver is tied to ETF holdings, creating conditions for a potential physical supply shortage. Analysts suggest the market is approaching a breakout moment that could surpass its 1980 highs.
Gold began 2025 trading above $2,650 per ounce, following a record high near $2,800 in October 2024, amid unprecedented central bank buying of roughly 1,000 metric tonnes annually for three consecutive years. The precious metal has gained nearly 70% since 2020 despite a strong US dollar, challenging the conventional wisdom that gold prices must fall when the dollar strengthens.
The precious metals market showed strong performance in 2024, with gold reaching $2,618 per ounce and silver hitting $29.34 per ounce, representing roughly 25% gains against the US dollar. Global markets reflected this strength, with significant gains against major currencies including the Euro (35%), Chinese Yuan (30%), and particularly strong showings against the Australian and Canadian dollars (38% losses). Professional analysts maintain a bullish outlook for 2025, with widespread predictions of gold reaching $3,000 per ounce and silver potentially hitting $40 per ounce. The report notes concerning market concentration in the S&P 500, where 10 companies now represent 40% of the index, suggesting potential market vulnerabilities despite ongoing interventions.
Discover how the Federal Reserve's latest rate cut slammed gold and silver spot prices spurring market volatility, U.S. dollar strength, and record bullion buying in China and India amidst global economic shifts.
Discover insights from OMFIF's report on the looming bullion short squeeze, China's gold reserve growth, and the global implications of BRICS strategies. Learn how gold and silver markets are reacting to economic shifts, tariffs, and industrial demand.
SD Bullion sat down with Argor-Heraeus leadership to talk about their Gold Bars features of security technology, traceability, & counterfeit prevention. Investors' trust their Argor-Heraeus gold bar purchased from SD Bullion. We recently invited the Argor-Heraeus Mint management to our vault. While they were there, we did an exclusive Podcast with them. It was great to learn what separates them from other mints. We got to ask them the same questions we get asked every day by our customers. We hope you enjoy this exclusive access to Switzerland’s largest gold refiner, brought to you by SD Bullion.
Explore the dynamic interplay between Bitcoin and gold as Bitcoin hits $100,000 amidst volatility, gold achieves record highs, and geopolitical shifts reshape global reserves. From El Salvador’s $3 trillion gold claim to Trump’s 2016 assertion, 'Other Places Have the Gold,' uncover insights on market trends, central bank moves, and the future of precious metals and cryptocurrencies.
Explore Warren Buffett's insights on the $84 trillion Great Wealth Transfer and its impact on families, financial planning, and the bullion market. Learn why transparency in wills and prudent wealth distribution are key, alongside bullion trends and Buffett's philanthropic legacy.
Explore the latest trends in the gold and silver markets, including key factors driving prices, global demand, and investment forecasts. Discover why hedge funds are selling off gold, how India and European central banks are impacting demand, and projections for silver's future in industrial applications.
Trump's election win caused a dramatic drop in gold and silver prices, likely due to price intervention to prop up the failing dollar. A record COMEX futures volume spike accompanied the price swing. The CME created a 400 oz gold futures contract to appear to have more supply than exists, but there is believed to be insufficient physical gold available when true demand surges. India's central bank has repatriated and bought substantial gold as most poll respondents continue accumulating, with gold still undervalued compared to fiat currency.
India has flexed its financial muscle by repatriating 102 metric tonnes of gold bullion from London, while its domestic silver demand now matches U.S. levels. Though India's sovereign gold allocation remains at just 10% compared to Western nations' 70%, their growing influence in precious metals markets is evident through strong buying patterns and expanded domestic production, highlighted by Hindustan Zinc's push to become the world's largest silver producer.
Learn about the latest analysis on US Treasury Head Janet Yellen’s actions, the BRICS impact on precious metals, and silver's potential surge with James Anderson and Dale Pinkert from FOREX Analytix. Uncover why silver demand is rising globally, India’s renewable goals, and what Paul Tudor Jones predicts for inflation and the US dollar.
This week’s market update analyzes the recent performance of gold and silver, highlighting their price increases in Australia and Canada. It positions gold as a safe haven during economic uncertainty and emphasizes its growing value compared to traditional currencies and digital assets. Finally, the video forecasts significant price increases for both metals, citing industry expert predictions.
See how gold continues to lead the global bullion bull market, outpacing other precious metals, with central banks buying record gold reserves and growing demand for silver and platinum in key industries.
The global silver market faces ongoing supply deficits, with demand outpacing supply for years to come. As silver prices climb, driven by supply constraints and increasing demand, experts foresee a potential bull market that could push prices beyond $50 per ounce. Discover the fundamental factors driving this trend and how it impacts the future of precious metals investments.
Western investors continue to overlook silver's potential, as the precious metal remains 36% below its historical highs. With tightening supply, strong market fundamentals, and Chinese stimulus driving demand, silver may be poised for a significant rally. Learn more about the current bullion market trends in gold and silver.
Gold surpasses $2,600/oz as India imports record levels of gold and silver. Explore the impact of global demand, price manipulation, and the potential for silver to catch up in the ongoing bullion market. Learn why gold's value is rising amidst economic uncertainties and what lies ahead for precious metals.
Gold prices reach record highs worldwide as most Americans remain unaware of its rising value. With global central banks increasing reserves and the US dollar losing 99% of its value, gold’s role as a store of wealth grows. The upcoming BRICS summit may further shift the global financial system toward gold.
The U.S. job market saw a sharp decline in job postings, with native-born workers losing jobs while immigrants, both legal and illegal, gained employment. The U.S. stock market has lost over $1.78 trillion in value, and gold is outperforming stocks but hasn't yet fully broken out. Silver, while still relatively undervalued, is expected to outperform the S&P 500 later in the decade. In Australia, silver prices are nearing record highs, driven by demand outstripping supply, and this trend could soon impact the U.S. market.
Fitch Ratings has expressed concern about the United States' burgeoning deficit, which is currently at 8.1% of GDP. This alarming figure is a sign of the country's financial instability and raises questions about its long-term economic health. The deficit is likely to put pressure on the US dollar and could lead to higher interest rates, making it more expensive for businesses and consumers to borrow money.
This analysis explores the recent Federal Reserve rate cut pivot and its potential impact on the precious metals market. It highlights the mechanics behind a $400 per ounce silver price target, driven by central bank buying, silver fundamentals, and a manipulated market.
Discover the latest gold and silver market trends and analysis. Learn about record-breaking gold prices, potential stock market bubble, increasing silver demand, and expert predictions for future price movements. Is physical bullion a preferred investment during these uncertain times?
Gold futures surged to record highs, fueled by expectations of future interest rate cuts and a potential weakening US dollar. This update explores the factors driving gold's rally, including the Federal Reserve's stance, geopolitical tensions, and rising investor demand. It also analyzes predictions for gold's future price movement and the potential for a silver price surge.
Silver price plunges amid market turmoil as Federal Reserve rate cut expectations rise. Explore the impact on the bullion market, India's precious metal import cuts, and the looming US debt crisis. Discover why the silver price could be poised for a significant rebound.
Discover the impact of the largest cyber failure and an assassination attempt on Donald Trump on the gold market. Learn about the global disruptions, market fluctuations in silver and gold, and why younger generations are increasing their bullion investments. Stay updated with the latest trends and expert insights on the future of gold.
This week’s market update explores long-term gold price targets in a scenario where investors flock to bullion as confidence in fiat currencies wanes. It analyzes historical trends, central bank actions, and potential tipping points for gold prices. Learn why gold might significantly outperform bonds and other assets in the coming decades.
This SD Bullion Market Update discusses rising gold and silver prices, potential copper shortages, and central banks' increasing gold reserves. Analysts have varying predictions for gold, with Invesco expecting flat performance and The Daily Gold forecasting significant growth. The update also debunks a rumor about a large company taking delivery of COMEX silver.
See how gold and silver performed in the first half of 2024. This SD Bullion Market Update explores price movements, analyst projections, and the impact of China's solar power ambitions on silver demand.
Ted Butler, a precious metals analyst, dedicated his career to exposing manipulation in gold and silver markets. This week's Market Update explores Butler's work, the East-West price divide, central bank gold buying, and the potential for a future precious metals mania.
This week’s market update argues that silver prices are being manipulated but have strong fundamentals due to rising demand, especially for solar panels. Silver reserves are being depleted, while gold is being accumulated by central banks. James Anderson believes silver is undervalued compared to the stock market. Is now the time to add silver bullion to your portfolio?
Silver and gold prices dropped sharply after a questionable US jobs report and a surprise move by China to pause gold reserve buying. James Anderson suspects manipulation and sees this as a potential buying opportunity, emphasizing long-term investment in physical gold and silver.
Central banks around the world are stockpiling gold, with India recently repatriating 100 metric tons of its gold from the Bank of England. This week’s market update discusses the reasons why India might be taking its gold back, and the broader implications of this move for the gold market. James Anderson also discusses the future of the gold market and argues that gold is likely to become a more important asset in the future.
The price of silver is testing a key level of $30 per ounce after dropping recently. James Anderson speculates this is due to short selling and rising tensions between China and Taiwan. There's a recommendation to buy silver while prices are low, with the belief that gold and silver will become more valuable as the US dollar weakens.
Silver breaks out of consolidation! Is a bull market underway? This week's SD Bullion Market Update dives into the silver surge, explores the gold-to-silver ratio, and analyzes central bank activity in the precious metals market.
Is a US bank failure a weekly event coming soon? This update dives into rising gold & silver prices, potential bank failures, and why investors are rushing to precious metals. Learn why gold could potentially DOUBLE and how to protect yourself.
Central banks worldwide are stockpiling gold at record rates, with over 290 tons purchased in Q1 2024. This surge in demand, coupled with rising prices and potential bank failures in the US, suggests a growing crisis in the fiat currency system.
This week's market update argues that a silver price surge is coming due to strong demand in the East, particularly China and India. Record silver imports by India, exceeding the US Mint's American Silver Eagle sales in the past 5 years combined, are driven by growth in solar energy and battery production. China's surging solar panel demand is creating a premium for silver, and their silver stockpiles are shrinking. Despite recent price drops, the analyst believes bullish fundamentals will prevail due to undervalued silver and overvalued fiat currencies.
Learn about the reasons behind the recent surge in gold prices. Examine the possibility of a large buyer in the OTC options market and the role of Chinese leveraged buying on the Shanghai Futures Exchange.
Gold and silver prices are experiencing a dramatic rise in 2024, defying traditional market trends. James Anderson analyzes the reasons behind the surge and explores what it means for investors. He also exposes misleading media coverage and offers guidance on avoiding untrustworthy dealers in the precious metals market.
Are we witnessing the start of a precious metals bull market? This in-depth analysis explores the recent surge in silver and gold prices, breaking down the key factors driving this potential bull market. Discover what's fueling investor interest in precious metals.
This week's market update suggests a connection between rising gold prices, increasing government debt, and weakening currencies. Central banks are stockpiling gold at record levels. The Hunt Brothers' role in the 1980s silver market is reevaluated. The cocoa market's price surge mirrors gold's performance in the 1970s.
A record amount of silver was added to a large unbacked silver exchange traded fund (ETF) in London. This suggests strong silver demand and potential future shortages. The price of gold is also rising, fueled by investor interest and a possible decline in the value of the US dollar. Investors are increasingly looking to precious metals like gold and silver as a hedge against inflation and a weaker stock market.
India recently made a record-breaking purchase of silver, likely to be used in battery production. This follows a trend of countries buying physical silver instead of investing in unsecured ETFs. Is the price of silver expected to rise due to increased demand, mirroring what happened in the US after World War II?
Is gold poised for a major breakout? This week's market update dives into the recent price surge, criticizes mainstream media for undervaluing gold, and highlights central banks' aggressive buying. Should you consider owning physical gold as a hedge against a potential stock market crash?
Gold is poised for a significant price increase despite being ignored by most investors in the West. This is due to various factors, including rising debt, negative sentiment towards the US dollar, and increasing demand from Eastern countries. Will the next gold bull run be much larger than the one seen in the 1970s?
Discover why MoneyWeek predicts a surge in silver prices and learn potential misplays to avoid in their insightful analysis. Stay ahead of the market trends with expert guidance on navigating the silver market's ups and downs.
We recently invited the Royal Canadian Mint to our vault. While they were there, we did an exclusive Podcast with them. It was great to learn what separates them from other mints. We got to ask them the same questions we get asked every day by our customers. Is .9999 really better than .999? How did you get rid of the milk spotting issue? Why Maples vs Eagles? And many more. We hope you enjoy this exclusive access to one of the world's largest mints, brought to you by SD Bullion.
Adrian Orr, central bank head of New Zealand, ridiculed modern central banking and fiat currency control, highlighting a growing reliance on gold bullion as a store of value amidst diminishing faith in fiat currencies. With major G8 nations abusing fiat currency privileges, a higher gold price is anticipated to balance diminishing faith. Despite fluctuations, gold remains resilient, while billionaire investor shifts towards gold miners reflect changing investment sentiments.
Discover insights from a comprehensive analysis of global economic trends, including an in-depth examination of Russian President Vladimir Putin's recent interview and its impact on financial markets. Gain valuable perspectives on the shifting dynamics of gold and silver investment preferences, both in Eastern and Western regions.
Learn about the potential crisis ahead as emergency loan programs increase, and the FDIC's forewarning in 2022 seems to be unfolding. Amidst this uncertainty, gold and silver demand remains robust, with central banks buying the second-highest amount of gold bullion in history in 2023. Explore the implications for silver prices, projected to rise as demand surpasses supply for the sixth consecutive year, setting the stage for a new era in precious metal values.
James Anderson discusses key economic developments, including a Reuters report on a poll of 123 economists indicating a delayed Federal Reserve interest rate cut until June 2024. The majority of economists expect four rate cuts totaling -1% for the year.
The episode delves into historical reflections, concerns about the U.S. debt surpassing $100 trillion, and the potential impact on gold markets due to delayed rate cuts.
It also features insights from David McAlvany on gold, silver, and a rumored China stimulus. Additional topics include China's central bank actions, challenges in Western banks, and the resilience of silver and gold markets amid global economic dynamics. The episode concludes with a reflection on ongoing price weaknesses and the importance of strategic positioning in the face of evolving economic trends.
Learn about the imminent era of a world silver shortage on this week's episode. Uncover the shifts in global trade dynamics, the impact of falling silver bullion inventory levels, and the potential for higher spot gold prices amid changes in the Federal Reserve's interest-cutting cycle.
This week's market update highlights the ramifications of higher-than-expected US Consumer Price Inflation and escalating violence in the Red Sea shipping lanes, prompting concerns about prolonged disruptions in global shipping routes. Gold and crude oil prices respond to Middle East tensions, with China continuing its gold acquisitions. The economic landscape reveals troubling indicators, including the Federal Reserve's record losses, Citi Bank's worst quarter in 15 years, and growing challenges in non-performing loans and underfunded pensions, despite a positive note about New Jersey exempting bullion from sales taxes.
As the US 10-year yield surpasses 4%, concerns arise about potential bank failures, with a recent Office of Financial Research (OFR) report highlighting the risks associated with fair-value losses in bank assets due to increased interest rates. The report emphasizes the potential vulnerability of the US banking system and its susceptibility to future failures.
Discover why gold and silver are set for a significant surge in 2024 and beyond. Uncover the investment landscape, from stock market exposure concerns to gold's potential to outperform, with a focus on market indicators and the looming global banking crisis. Gain valuable perspectives on silver's trajectory, industrial allocations, and the anticipated store of value crisis.
The US is reportedly considering a bold move to confiscate over 4,550 metric tonnes of gold, valued at $300 billion, from Russia to aid Ukraine in its war effort. This unprecedented step, involving a large sum of current fiat US dollar buying power, has raised legal and economic concerns, with potential repercussions including lawsuits and retaliatory measures from Russia.
Delve into the intricacies of recent Federal Reserve actions and Powell's pivotal rate hike announcement in this week's blog. Tavi Costa's insightful commentary sheds light on the macro implications of the Fed's decisions amidst a backdrop of inflation, government spending, and supply constraints. Detailed charts provide a comprehensive view of the overvalued US stock market, urging readers to consider potential shifts in global market dynamics.
The post discusses market trends, geopolitical events, and introduces the concept of "The Great Taking," a 2023 book and video by financial analyst David Rogers Webb, predicting a global economic restructuring. Gain insights from CPM Group's Jeffrey Christian and participate in the discussion surrounding the potential threats and remedies presented. Don't miss this comprehensive update on bullion markets and the evolving financial dynamics.
Explore the current surge of gold prices in fiat US dollars and its implications for the financial landscape. Uncover insights into the overlooked precious metals market, the influence of derivative power, and the potential for a gold and silver mania. Gain valuable perspectives on market trends, historical contexts, and the cautious optimism surrounding this golden age breakout.
In 2023, five US banks faced insolvency, with over $1/2 trillion in unrealized losses. US long-term nominal bonds experienced a three-year decline. The blog highlights concerns about potential bank failures, liquidity challenges at UBS, and the growing significance of gold and silver, notably China's strategic gold reserves and silver's role in fuel cells.
Uncover the truth behind misleading healthcare statistics, stock market optimism, and the surging demand for precious metals. Discover the impact of global silver industrial demand and India's significant silver and gold imports. Stay informed on the US banking system concerns, with a closer look at the FDIC's challenges and recent bank failures. Gain valuable insights on why owning bullion is increasingly crucial in a world exposed to economic uncertainties.
Moody's downgrading of the US debt outlook, coupled with gold and silver additions by Poland and China, prompts a shift away from underperforming assets to bullion. The silver and gold spot prices, despite trading downward, remain dynamic, while a forecast indicates a significant increase in global industrial silver demand, notably from China, over the next decade.
Central banks around the world have made a record-breaking move to buy gold bullion in the first three quarters of 2023, acquiring 800 metric tonnes, surpassing the previous year's record. This surge in gold purchases by central banks has been driven by a diversification away from US bonds, even as US interest rates rise.
Stay Informed: Israeli Soldiers Enter Gaza, Gold Market Insights, and US Banking Woes - Explore the latest updates in our SD Bullion Market Report, with a macroeconomic forecaster's take on gold's future, the impact of geopolitical events, and more.
Gold is again outperforming US Treasuries, and the move by the world's central banks into bullion over bonds will likely only grow as more conflicts come, fiat currencies get further debased, and secular inflation brings about an all time secular bond bear market era.
Gold is experiencing its strongest week in spot price performance since the 2023 bank failures, with market commentators speculating on the possibility of a gold price correction amidst ongoing turmoil.
Delve into the intricate relationship between the economy, interest rates, and gold prices. Explore the impact of rising interest rates on US Treasury Bonds and the national debt, and gain insights into the challenges in the bond market and the S&P 500. Discover predictions about gold bullion and economic trends, and stay updated on silver and gold spot prices. Plus, learn about central banks' growing interest in gold bullion in this week's SD Bullion Market Update.
What lies ahead for precious metals? The volatility in silver and gold derivative trading led to price declines last week. The gold-silver ratio remained at 83 due to COMEX derivative selling. There's speculation about a potential future decline in the gold-silver ratio.
Explore the latest financial insights: Fed's rate pause impact, US bond trends, stock market losses, and the potential silver surge in this weekly market update.
Discover the latest insights into China's soaring gold and silver premiums, reflecting currency battles and investor concerns. Explore the potential for precious metals as a hedge and stay informed about legislative changes affecting gold and silver buyers in the USA.
Hiring a well paid famous actor to go around the world and gawk at the size and scale of the modern day gold market is unlikely to unveil the troubling narrative of how modern gold price discovery has been impacted by the rampant financialization of fiat currencies since the 1980s.
Discover the surge in gold buying across Japan, China, and Singapore, backed by compelling data and insights. Learn how Asian countries are aggressively increasing their gold bullion reserves and the potential implications for the global financial landscape.
Learn why wealthy Western investors remain underexposed to gold and silver, and how this hidden opportunity could reshape the future. Explore insightful analysis and thought-provoking trends that illuminate the path ahead.
Explore the impact of China's real estate bubble, the US economy's debt crisis, and the historical relationship between gold prices and economic indicators. Gain insights into the potential for gold's future valuation escalations.
The amount of gold bullion central banks have been collectively buying in terms of overall metric tonnage on a historic basis, has been hitting record high levels of late. The first half of this year 2023 was no exception to this trend which ramped to historic high levels last year in 2022. Just under 400 metric tonnes were purchased for the first half of this year led by China, Singapore, Poland, and six other central banks respectively.
US debt downgrades will be common given the Congressional Budget Office Projections. The United States' debt was downgraded to AA+ from AAA by Fitch, who cited fiscal deterioration, high & growing gov't debt burden, & erosion of governance relative to AA & AAA rated peers over the last 2 decades that has manifested in repeated debt limit standoffs & last-minute resolutions.
From the Federal Reserve's interest rate hike to potential recession indicators, delve into the impact on gold and silver prices. Uncover news on silver bullion import duties and de-dollarization efforts in India and the UAE, while witnessing China's growing gold demand and the shift away from the fiat US dollar. Prepare for possible reshoring in Japan as the fiat yen faces ongoing devaluation.
Multiple official denials were reported regarding a rumored BRICS trade settlement currency agreement, with no mention of the potential shift away from fiat US dollars for bilateral trade between nations.
US Treasury head Janet Yellen was confronted about the impact of the BRICS currency trade settlement system during her visit to China. The claim that 90% of international transactions involve the US dollar is misleading; the actual figure is closer to 43%. Factors like the rise of m-CBDC systems and increasing gold reserves in BRICS nations are likely to further reduce the demand for the fiat US dollar.
According to a foreign embassy serving as a source for a Russian state-run media channel, there are growing speculations and reports suggesting that the BRICS nations (Brazil, Russia, India, China, and South Africa) are planning to introduce a new trading currency backed by gold in the near future. Ongoing claims are that an announcement is expected to be made during the BRICS summit this coming August 22-24th in South Africa.
The US Supreme Court's decision not to allow up to $20,000 in student loan debt forgiveness proposed by the Biden administration highlights the challenges facing the US consumer-driven economy. The exponential growth of college loans since the 2008 financial crisis, coupled with rising college costs, has left over 43 million US citizens burdened with student loan debts. The increasing number of young adults living with their parents and the soaring prices of houses indicate a concerning trend that may persist for some time, potentially shifting the focus towards investing in gold bullion for wealth preservation and value gains.
US Treasury Secretary Janet Yellen's admission in Paris suggests forthcoming regional bank failures or consolidations. She advocates for balance sheet expansions of the IMF and World Bank to tackle the impending global crisis. Yellen acknowledges the rising competition from the east and the BRICS, highlighting the US dominance in flooding the global system with fiat dollar denominated debts. Bestselling author James Rickards predicts a transition to a gold-linked currency trade settlement system by the BRICS+. While some may be skeptical, his claims await validation in the near future.
US Treasury Secretary Janet Yellen all but admitted to the US congress this week that we are heading into a more multipolar reserve currency world. A future that will depend much less on our currently still dominant fiat US dollar Federal Reserve note and offshore eurodollars for global trade settlements.
China Construction Bank is expanding its global capacity to cater to its precious metals and bulk commodity trading clients. A call for international silver market reform has been made in China, highlighting the excessive leverage used to suppress gold and silver prices. China's consistent purchase of gold bullion is emphasized, suggesting it as a safer investment compared to cryptocurrencies amid potential fraudulent practices in the crypto market.
Tavi Costa of Crescat Capital tweeted the following important gold vs US debt chart stating, "Investors often use the 1940s period as a compelling historical analogy to today given the severity of the current US debt to GDP problem."
However, there is one major distinction that is often ignored.
During that time (around World War II), the US dollar was effectively tied to gold prices, making the metal an unfeasible investment alternative.
Today, with prices unpegged, it is highly probable that capital will divert away from US Treasuries and flow into gold.
Former Federal Reserve Governor, John Exter, once quipped, "The U.S. and world economies are on the threshold of a deflationary crash that will make the 1930s look like a boom. Gold will be the single best investment to own. Buy it now while it's still cheap."
For now, with spot price dips in gold commercial banks, UBS has three takes why now is a good time to get going long gold.
The gold and silver market selloff has begun, the question is how far will it dip.
A recent academic study revealed that 1 in 4 US banks, or close to 1,200, are at risk of bankruptcy due to unrealized losses on assets not marked to market. The study also highlighted the concentration of uninsured deposits within G-SIBs like JP Morgan, Bank of America, Wells Fargo, and Citibank.
Central bank gold bullion demand has just made a record-breaking start to Q1 2023. Net buying totaled over 228 metric tonnes this past first quarter of 2023.
That is +34% higher than the previous Q1 record set in 2013, as back then, governments were heavily buying the interim gold bear market spot price dip.
A once high-flying bank headquartered in San Francisco, CA, is meeting a similar fate of possibly filing for Chapter 11 bankruptcy even after receiving $30 billion in uninsured deposits. A lifeline was loaned to them only one month ago from JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Morgan Stanley, and six other banks.
So while many First Republic Bank customers were pulling their savings and capital out of that failing retail bank, mega zombie banks were at the same time loaning them a few scraps to survive for perhaps one more month.
It seems a major robbery of gold originally reported valued at nearly $100 million fiat CAD, only a day later downplayed to $20 million fiat CAD value lost. Perhaps stolen from a supposedly secure shipping container, deplaned, and moved with an 18-wheeler.
Common sense suggests surely an inside job, with airport and logistics workers knowing mining to refine shipping routes of freshly mined or refined gold ore.
Gold illiterate reporters at Bloomberg had some brief coverage of this week's reported gold thievery. At least the Canadian reporter in the interview at the airport called this gold robbery what it is, missing money. The precious stuff governments historically have killed for.
Silver price outside COMEX hours $331.59 oz in fiat USD from January 1st, 1970, to April 13th, 2023 (yea, that sky-high stated figure is through yesterday's aggregated price discovery data).
Not so much to pull a silly lofty silver nominal price figure out of thin air, no, but to instead explicitly cite what the damning +53-year running silver price data shows to date.
We'll nerd out on that chart and a few related others before ending today's video.
What are we talking about here?
We’re talking about a multi-decade systemic value-suppressed precious metal with incredible industrial utility and monetary store of value branding.
Let me remind anyone who dares to look or cares to do the due diligence that sub-$50 oz silver bullion remains relatively cheap historically.
Name me any other supply-constrained commodity we must have to function in the 21st Century that is still nearly half its nominal fiat US dollar price high at the moment (you can’t - in early 1980 and 2011, silver ran to $50 oz).
Now bear with me as we run through some silver and gold-focused mainstream financial media clips around the world from the past week. It is always worth noting what the ‘normie’ crowd sees and hears on their tell-a-visions.
Silver and gold fiat US dollar spot price markets traded mostly up for the week with a bit of a selloff to close today, Friday, April 14th, 2023.
The price of silver in fiat Fed notes terms closed safely above $25 per troy ounce while briefly clearing $26 oz intra-week. The $26 oz price is, to me, a key psychological long-term level with only relatively brief durations during this full fiat era when silver sprang above that threshold. We are super close yet again.
Back to this week's past 5-day trading chart.
The price of gold in fiat Fed note terms ramped and threatened the now nominal price high of roughly $2,070 oz but backed off and sold off to close the week safely above the key $2,000 oz price consolidation line.
The spot gold-silver ratio keeps falling slowly, closing at 79 in spot price gold divided by spot price silver division.
Reminder to you all out there, I had the privilege of being on Palisades Gold Radio recorded this past Monday, April 10th, 2023. There is a link to that 47-minute interview here if you missed it.
As promised to start this week's SD Bullion Market Update, we're going to finish with a few important full fiat currency era charts 1970-2023 western vs. eastern world silver price discovery data focused.
On the current persistent leveraged western derivative hologram, that is, the globally quoted spot fiat US dollar silver price to date.
This chart starts January 1st, 1970, with a silver price of $1.92 and a 1/2¢ per troy ounce of silver, and it aggregates or adds up all the net gain or loss of COMEX futures market silver price trading data over the last more than 53 years.
Basically, all the spikes upwards were bullish eras for silver spot prices, but in total, the COMEX silver futures price has added up to trade downwards over this entire era to now 15¢ oz aggregated.
The LBMA / COMEX silver futures market has for decades been a leveraged derivative cesspool slanted so the short side could win trading bonuses generally.
But there are times and eras when those caught short silver get their faces ripped off, and many end in bankruptcy and or bailouts.
My strong suggestion is we are gearing up for another of those upcoming frenetic leveraged long-side winner cycles.
The next chart in our video update is how this stupefying full silver COMEX era chart looks when you leave it next to the ongoing red silver spot price line over the last +53 years.
Yea... but wait, it gets crazier when we look outside COMEX silver futures trading hours.
Next chart, we add on top the blue line here, which is the silver price's trading action outside COMEX silver futures trading hours, basically the eastern world's silver buying price action.
You can easily see that once Covid 2020 came along with ∞fiat QE∞ policies globally, the eastern silver price action ran up a wall to the tune of now over $331 oz of aggregated data the last more than 53 years running.
Now with this final logarithmic price chart that makes the movements on a percentage basis and not a nominal basis, we bring it all home.
The red line again is the global fiat US dollar quoted silver spot price ongoing.
The black line is the persistently short-rigged COMEX silver spot price which I note is turning flat of late, a bullish sign in my eyes.
And finally, the blue eastern world silver spot price aggregated data running beyond now $330 oz.
I maintain we are heading for the 5th era when the red spot price line has a meeting again with the blue eastern price line. When, how, and what nominal price they collide again is impossible to say.
What I can say is that in real value terms, when that comes to pass. Silver, in future real valuation levels, is going to buy a hell of a lot more in asset classes and real goods/services than it does today.
That is all for this week's SD Bullion Market update.
As always, to you out there. Take great care of yourselves and those you love.
Singapore added to its official gold reserve pile last month, Feb 2023, adding +51 metric tonnes of official gold bullion since the start of last year, 2022.
For the most part record sized government central bank gold bullion buying is being driven by emerging and developing economies.
Let yourself look in this embedded SD Bullion Bullion Market Update back to the last major secular bear market in bonds. Back in early 1980, the gold-silver bullion bull market mania price tops. Understand how far adrift world central banks still are regarding their current gold bullion allocations.
Many of the purple-colored emerging and developing economies here made other major financial news headlines this week. As many are increasingly dedollarizing or taking fiat Federal Reserve notes and or offshore fiat eurodollars (or fiat US dollar circulating offshore) from being intermediaries in their bilateral trade settlements.
Here are but a few examples.
The Association of Southeast Asian Nations, with the acronym ASEAN, is a combined +678 million people in some of the fastest-growing economies globally.
They are now considering dropping the fiat US dollar, fiat euro, fiat yen, and pound as intermediaries in bilateral trade payment settlements.
Together they represent nearly 1/10th of World's GDP.
Remember how on this very channel, I have shown you clips of how the BIS is actively assisting countries like Malaysia and Singapore. In a new emerging fiat financial order, to eventually settle their own trade directly with one another using the emerging wholesale CBDC payment settlement platforms.
Well, what do you think countries like Singapore and Malaysia are doing?
Is it not becoming more obvious by the week?
Even our supposed European allies are now trading and settling in our supposed rival's fiat currency units in order to acquire critical commodities like liquid natural gas.
After last weekend's UBS buyout of Credit Suisse for a few cupro nickels in value per stock share, it now seems the bank shorting crowd has begun taking dead aim at another major teetering Global Systematic Important Bank (G-SIB) – a major German one called Deutsche Bank.
We are beginning to see further cracks in the global bank and financial system that are only further propelling the world into a run for their liquid cash, clean balance sheets, and physical bullion products.
Strap in cause this was a wild week of bullion-related news.
- Silicon Valley Bank (SVB) is the 2nd largest US Bank failure in history.
- At end of Q4 2022 just 2.7% of Silicon Valley Bank's deposits were FDIC insured
- More large volume gold bullion buying data updates by Singapore, China, and other eastern central banks thus far in 2023
In the meantime, price premiums have slimmed and inventory levels on prudent bullion product options remain robust for now.
About one year ago, on March 8th, 2022, following a 250% rise in the nickel price within 24 hours, the London Metal Exchange suspended nickel trading on the exchange. They claimed it was due to the systemic risk to the market in an unprecedented price move and canceled all trades that took place that morning effectively rewinding the market to its closing position on 7 March 2022.
This week the UK's Financial Conduct Authority stated it had opened an "enforcement investigation" into the London Metals Exchanges conduct and price discovery systems from last year's more than doubling of the then nickel price from $48,000 to over $101,000 per tonne.
Last week, China posed as a peacemaker by proposing a 12-point plan to halt the ongoing conflict between Russia and Ukraine (which started one year ago).
The US real estate market continues being clobbered with too high-interest rates and home prices, crushing homebuyer demand to levels lower not seen since before the 2008 financial crisis fallout in home buying.
About 18 months ago, hedge fund billionaire John Paulson laid out his ongoing thesis for why he sees the potential to lever up bullish gold derivative bets with the potential to pay off 25-50 fold at some point in this decade, the 2020s. The US government's underreports Consumer Price Inflation data came in this week higher than expectations at 6.4% or at a rate of fiat US dollar devaluation that will see the dollar halve in purchasing power in just over 11 years.
Only a few weeks ago, the Bank of England's subsidiary, the western gold industry mouthpiece so-called the World Gold Council. Claimed that global central bank gold buying last year in 2022 hit the highest level since a year before their London Gold Price rig failure in 1967. This past week, the Bank of England's World Gold Council admitted a massive central bank gold-buying error in their reports of the ongoing facts. They messed up and accidentally reversed their data sets from the last time they failed to keep the gold price politely suppressed.
This past week, the essential bit of silver and gold-related news remains the World Gold Council's curious ongoing admittance and recent Q4 2022 update that government central bank gold buying is reaching annual levels not seen since 1967.
It is the most significant collective central bank gold accumulation movement since World War 2 and the Bretton Woods agreement era.
In a strengthening bullion bull market, when the short side tries to induce spot price decline attacks, they increasingly get smoked and smothered under higher prices.
During the last three-month run for gold prices higher, you can see many short-side betters buried under higher prices shortly after every red spike sell-off volume spike.
In today's COMEX gold price trading action, we saw a similar short snake bite quickly filled with a decent rally to close the end of this week.
This recent gold rally has undoubtedly been assisted by a relatively weaker fiat US dollar and by lower yields on US bonds since late last year. It has likely also been assisted by robust government central bank gold reserve buying at clips not seen since after World War 2.
The Bank for International Settlements continues working on the coming fiat CDBC payment infrastructure. Not merely retail versions, we are supposed to use one day with smartphones for regular daily payments.
But also, many significant underlying payment technologies will allow wholesale trade settlements amongst some of our supposed multipolar rivals and their commercial banking systems.
A reported combination of avian flu hen culling and sharp increases in feed costs and farming expenses worldwide have led to another wall climb in price for a staple in the world's everyday diet. The highly nutritious chicken egg often fetches more than 50¢ per single egg in city retail supermarkets in the USA.
The internet was ablaze on the matter, with every meme maker seemingly all clowning on the skyrocketing price of eggs and the increasingly limited availability of supplies.
This past Wednesday's CPI report was the most significant moment in gold trading in this fresh new year.
Today we will look at how silver and gold have started the year and, most importantly, where they are likely headed based on current respective valuations versus historical precedence.
For example, the US stock market is still historically overvalued based on a range of long-term data sets. Wall Street Legend Burton Malkiel hurt stock market bulls' ears today by stating the following on CNBC.
The CAPE Ratio he cited is still at historically high levels, and +5 to 6% returns over the next decade are likely to underperform real price inflation by more than half as the fiat Federal Reserve note is poised to go into a secular bear market. With commodity values melting higher versus paper assets and bubble real estate valuations to come.
We're not alone in thinking another global financial crisis is inevitable. Financial leaders who regularly meet at the USA's Federal Deposit Insurance Corporation are also hard at work in hopes they will be prepared for the resolution of the original 2008 crisis, which was merely papered over by bailouts and delayed bankruptcies to come.
The FDIC problem bank asset size admittance, that figure ballooned this year. And the shape of their data and this graphic suggests the USA and the world might be sleepwalking into eventual financial spillover events, which can be boiled down to stressful time frames when seemingly everyone increasingly wants their capital back.
Given the tone of this FDIC meeting from last month, it is important for everyone to review the current bank bail-ins laws, and how a prudent bullion investment allocation can help individuals protect wealth if and when these laws are used systemwide.
It was recently estimated by Metals Focus, a London-based silver analyst consultancy, that this year the world will have demanded nearly 200 million ounces more silver than we were able to supply from mining or recycling combined.
Not a surprise to those of you who have been paying attention. Because throughout this year, we tracked that nearly 400 million ounces of industrial-sized silver bullion bars moved out of the combined COMEX and London silver warehouse networks, much of which was to help meet record worldwide silver demand throughout this year.
While myriad industrial uses for silver continue to grow steadily.
A combination of two major silver demand forces made this a record year for silver in 2022.
This Indian silver import chart is only updated through last October 2022, but you can see it has already reached a record high level. India will likely have imported some 300 million ounces of silver this year.
The US government's underreported price inflation data, provided by its own Bureau of Labor and Statistics, came in lower than expectations this week at +7.1% year on year.
We're happy with this rate of price inflation.
For one second, suspend your disbelief, and consider that this admitted price inflation rate would halve the fiat US dollar's purchasing power in merely ten years.
What a difference a year makes after the financial market has sustained high price inflation conditioning.
This week the fiat Fed tapered the size of their rate hikes moving up only 50 basis points instead of the 75 basis point hikes we have seen.
West Virginian Congressman Alex Mooney spoke on behalf of his return to a Gold Standard Bill introduced two months ago, with near no chance of being considered seriously yet.
This bill H.R. 9157, if ever enacted into law, would require the Department of the Treasury to define the Federal Reserve note dollar in terms of a fixed weight of gold based on that day's closing market gold price. Federal Reserve Banks must exchange Federal Reserve notes with gold at this price. If a Federal Reserve Bank does not do this, the Treasury must make any exchange and place a corresponding lien on that bank's assets.
In addition, the Treasury and the Federal Reserve Board of Governors must report on U.S. gold holdings.
This last Friday morning, the US government's Bureau of Labor and Statistics published a positive high-hiring jobs report that, upon further review, was a statistical canard. Akin to the statistical lies and obfuscations used when reporting official price inflation data (CPI) by the BLS.
With just less than a month remaining in this year, 2022, it will be interesting to see if the four primary precious metals can continue their recent rallies and all finish with positive performance for what has been a mixed-up and down year for the most part.
Looking at the average domestic USA citizen, the US savings rate is now hitting a 21st Century low level, signifying stretched budgets.
Outstanding credit card loans are at nominal record high levels and likely to climb until a full-on recession finally rears its ugly head, perhaps next year.
Terry Duffy, the CEO in charge of the CME Group's COMEX NYMEX futures markets, has recently been doing victory laps on podcast interviews and in major media TV channel segments dunking on the ongoing FTX and SBF cryptocurrency exchange failure.
Last week, in perhaps one of the more bizarre Freudian slips, T-Duff, as I’ll nickname him here. He just blurted to Tucker Carlson and FOX viewers that he bribes the CFTC, the supposed regulator of the futures commodity derivative markets in the USA.
The financial world learned last week that the global silver market in 2022 is headed for its biggest supply deficit in decades. Silver supplies are shrinking to meet outsized demand.
The Silver Institute made headlines stating that worldwide silver demand is on track to eclipse 1.2 billion ounces in 2022, up an additional +16% from already historically high levels reached last year in 2021.
Here we will dig into some of this all-time high silver demand data, as well as news related to record high price inflation ongoing and the breakneck speed at the fiat Federal Reserve and central banks around the world are testing and launching their fiat Central Bank Digital Currency programs.
Last week, it was impossible not to stop and stare in awe at the still floating but sinking dumpster fire in the cryptocurrency market in 2022. As the second largest cryptocurrency exchange in the world, FTX imploded and filed for bankruptcy.
Its CEO Sam Bankman-Fried resigned in disgrace, likely prison-bound.
So to start this week's SD Bullion Market Update, let's unthread a bit about this train wreck starting from earlier this year.
Nine days ago, a leaked balance sheet showed Alameda Research, Bankman-Fried's crypto trading hedge fund, heavily depended on the then-second-largest cryptocurrency exchange, FTX's native token, FTT.
This week, industry rumors injected on Twitter by the CEO of the world's still largest cryptocurrency exchange Binance helped collapse the FTX token's value by -72% within 48 hours.
Bankrupt FTX's now resigned CEO’s estimated net worth 'for charity' (of course), flash crashed to near nothing from an estimated $15 billion to begin this week.
Central banks are reportedly on pace this year to buy more gold bullion since the last official gold price rigging scheme collapsed (London Gold Pool 1960-1968, as the US dollar gold spot price multiplied 24Xs to follow by early 1980, running from $35 oz to $850 oz in about a dozen years).
Last week, a Q3 2022 report by the World Gold Council stated that nearly 400 metric tonnes of gold bullion got bought up by central banks.
This year's central bank gold bullion buying pace is at a 55-year record high level ever since before the last official gold price rigging scheme in London fell apart in 1968 (more on that failed scheme in this week’s bullion market video update).
In the second half of this week’s update, we make a building case for how the world is understandably unaware of a building shortage in readily available reasonably priced bullion products, not merely from small size (IE: silver bars, silver coins and silver rounds) but eventually to even institutional and industrial large-sized bullion bars.
This year’s commodity price selloffs with relative fiat US dollar strength have helped quiet headlines about many ongoing constraints here and to come. Shortages will continue to be a growing issue in the commodities and energies we need. In the coming fiat dollar bear market, that will become painfully obvious.
One only has to look back over the past decade-plus to understand how supply shortages in metals and energy have happened.
The LBMA, or London Bullion Market Association, held its annual conference in Lisbon, Portugal, this past week.
Over 700 attendees were present. Many of them have traded precious metals derivatives in their careers, according to the LBMA's Ruth Crowell years back. Yet, many have never actually seen or touched a large good delivery gold bar throughout their professional work lives.
One of this week's LBMA conference attendees, Nicky Shiels from Pamp Suisse, took to Twitter to give insights on what she saw and heard in Lisbon.
To corroborate her claims. This past week we got an update on Indian Silver Bullion Import figures through September 2022. India imported their second-highest monthly silver bullion importation figure, consuming over 56 million ounces.
In just over 24 hours last week, US Treasury secretary Janet Yellen's financial markets are operating in a fine line, changed to concern about the loss of adequate liquidity in the US Treasury market.
Many believe this is a forewarning that the fiat Federal Reserve and US Treasury will begin bailing out the largest bond market in the world with another seemingly infinite QE cycle to come soon.
The interest rates on USA IOUs have been screaming higher, yet in real terms, they have been some of the most significant losing investments this year. The yields across the curve have yet to even hit the underreported core PCE price inflation rate.
Last week began with a big rally in the daily silver prices, up nearly +9% this past Monday alone.
You have to look back to late 2008 silver price action, as the first round of quantitative easing began by the fiat Federal Reserve to see a one-day positive percentage move of similar size.
In our update this week, we will update a few key silver market inventory points after we show a clip of how CNBC in India covered this positive silver price action late last week.
Silver in fiat rupee terms is not far from its all-time nominal record high. The same can be said about gold in fiat rupee terms in India.
The United Kingdom's debt market and the fiat British Pound took further historic losses this past week as the pound spiked downwards to an all-time low versus the fiat US dollar. The Bank of England had to intervene and begin buying its debt as it faced systemwide pension defaults if it had not done so.
Kerrin Rosenberg, Cardano Investment chief executive, stated, “If there was no intervention today, gilt yields could have gone up to 7-8% from 4.5% this morning, and in that situation, around 90% of UK pension funds would have run out of collateral. They would have been wiped out.”
As the fiat Federal Reserve continues hiking rates faster than at any point in the last four decades, it seems like a weekly news item that something blows up somewhere in global financial markets.
Last week's substantial financial market selloffs continued as the fiat Federal Reserve raised its Federal Funds Target Rate again by 75 basis points. While we continue to read headlines about raising rates by central banks led by the fiat Federal Reserve, the bigger story constant here is the speed at which they are moving to raise interest rates.
In 2022, relative continued strengthening by the still world's dominant fiat currency has produced massive selloffs in most commodities and precious metals and unprecedented losses in the world's largest financial asset classes like stocks and bonds.
The fiat US dollar index had another massive jump this week on the rate rise, climbing above parity versus the fiat euro to close this week, nearing a 20-year high relatively in that fiat currency pairing.
This week we witnessed a growing trend of Lebanese citizens robbing their own banks to retrieve fiat currency demand deposits they have already made.
While the official exchange rate for fiat Lebanese pounds to fiat US dollars is claimed to be just over 1500 to 1. But the freer black market truth is the fiat Lebanese pound's ongoing devaluation has blown out to now over 38,000 to one.
Lebanon defaulted on its sovereign debt two years ago, then declared bankruptcy early this year in 2022. The middle eastern country has proposed a typical “solution” used by hyperinflating nations — to have Lebanese citizens pay for the failures of their government and the country's banking sector by holding customer deposits hostage & forcibly converting from fiat US dollars to highly inflating fiat lira.
This week, citizens of the United Kingdom, those in once colonies of the former British empire, and people around the world are mourning the loss of Queen Elizabeth the 2nd.
Passing away at age 95, her reign of 70 years and 214 days was the longest of any British monarch and the second-longest recorded ruling of any monarch of a sovereign country in world history.
It was common to see Queen Elizabeth's resemblance to many popular modern bullion gold, silver, and precious metals coins struck by the Royal Mint (Silver Britannias), Australia's Perth Mint (Silver Kangaroos), the Royal Canadian Mint (Silver Maple Leafs), and others.
The former British empire's dominant reserve currency status gave way to the current US dollar following World War 1 and especially after World War 2, respectively, as Queen Elizabeth II began her reign in 1952.
Recent silver spot price selloffs propel unprecedented silver bullion market demand. Especially on the retail side with retail buyers picking up thousands of ounces of silver bars and silver coins.
Late last week, fiat Federal Reserve Chairman Jerome Powell addressed his western central bank allies and the larger investing world at the annual Jackson Hole meeting. His speech of eight and half minutes can be boiled down to the following 30 seconds of hawkish inflation fighting tough talk.
Taken at their word, the Federal Reserve plans to raise its Federal Funds Effective Rate again soon ahead. Currently sitting at a paltry 2.33%, the fiat Federal Reserve note or fiat US dollar continues losing likely negative double-digit percentages in real purchasing power on an annualized price inflationary basis.
The eastern world continues moving against western world commodity price discovery market systems, as Russia plans a new gold price and silver price discovery alliance proposing its own international standard of precious metals exchange, dubbed the “Moscow World Standard” (MWS).
The MWS would have Eurasian Economic Union partner nations such as Russia, Belarus, Armenia, Kazakhstan, and Kyrgyzstan. It aims to add major gold and physical precious metals trading nations like India, China, Peru, Venezuela, and other countries in both South America and Africa where precious metals are mined.
Moscow has decades of western vs eastern precious metals price data, and can also easily deduce that for decades running the London Bullion Market Association or LBMA system has allowed precious metals values to be artificially kept low. Moscow understandably believes the LBMA runs an unfair practice of precious metals price discovery that negatively affects precious metal exporters.
The fiat Federal Reserve note (i.e., fiat US dollar) continues illustrating relative strength versus other full fiat currencies. The last time the fiat US dollar was this relatively strong was nearly two decades ago, in the summer of 2002.
Meanwhile, quickly rising US mortgage rates have now put a full damper on home sales to the lowest levels in 22 years. And it is all for good reason. People are being priced out of US real estate.
Two years ago, the 30 year mortgage rate was 2.96% and today the 30 year mortgage rate is 5.60% and the median existing-home price is $404k.
With a 20% down payment, that’s an 81% increase in monthly payment (from $1,026 to $1,855).
If we are ever to get back towards 2011 levels on this chart, silver and gold values will need to outperform real estate for many years.
Last week, two former JPMorgan precious metals traders were found guilty of precious metals market rigging spanning nearly a decade. Unfortunately this misleads the real price for physical gold bullion and physical silver bullion.
The former co-head of JPMorgan's precious metals trading desk and his top gold trader got convicted by a federal jury after a three-week trial.
US Department of Justice prosecutors presented precious metals market rigging evidence, including detailed trading records, chat logs, and testimony by their old co-workers.
Silver spot price weakness, especially over this past month of July 2022, has only added to increasing physical silver off-take and demand pressures worldwide.
Global silver mining supplies are just not keeping up with ongoing demand, so silver is being withdrawn and sold at premiums from places like London and silver COMEX warehouses.
The massive persistent western silver bullion demand and increased silver bullion demand out of India now put enormous pressure on silver warehouses globally.
This opening footage is from a room in the US Mint's New York West Point facility.
This camera pan shows off 20 wooden pallets with 50 American Silver Eagle Mint Cases strapped, stacked, and plastic wrapped for distribution warehouse shipments by truck.
Each green case is heavy, like 40 pounds each. Nicknamed monster boxes in our industry contain 500 ounces of silver bullion coins.
So we just garnered about 500,000 ounces of American Silver Eagle coins.
Underreported consumer price inflation came at a new over 40-year high this past week as the US government's Bureau of Labor and Statistics admitted to a 9.1% loss in the fiat Federal Reserve notes or fiat US dollars year purchasing power.
Of course, the US government's statistics department has the motive to underreport price inflation constantly and seemingly forever more since the Federal Government makes payments to Social Security, pensions, and many other unfunded liabilities owed accordingly growing to the official inflation rate.
There are only a few developed economies in the world with worse price inflation than the United States is currently suffering.
Hide the Pain Harold inflation meme got an update. Unfortunately, his tiny raise at work won't come close to covering his loss in living standard. At the very least, he got tons of likes on Twitter.
Hopefully, Harold does not investigate the inflationary rip-off further, for if and when he finds out that real price inflation is more likely in the middle teens at the moment, it may be difficult to distract his ongoing pain with social media memes mocking the insanity of our fiat financialized world.
One thing you can take away from this week's SD Bullion Market Update is a simple mathematical formula you can use to understand how badly inflation ruins people's purchasing power. The RULE of 72 is simple to use. Simply divide 72 by the inflation rate to determine how quickly your power halves or loses 50% in real terms.
For instance, if we continue this 9.1% CPI official inflation rate, we'll halve our collective fiat US dollar purchasing power by half within eight years. Before this time of the year in 2030, whatever your income is, it buys half what it does today in summer 2022.
On the heels of the United States' Office of the Comptroller of the Currency (OCC) publicly admitting at the end of the first quarter of 2022, that the major US precious metals trading markets are derivatives-dominated by only a few highly leveraged commercial bank players.
To be more precise, only about four counterparty-risk laden commercial banks often really run the price discovery show. The largest being JPMorgan Chase, then Citibank, Bank of America, and finally Goldman Sachs.
At the end of March 2022, they were then counterparty to +97.5% of all US derivative bets involving silver prices, platinum prices, palladium prices, and gold prices within complex derivatives like swaps, options, and futures contracts. The latter COMEX & NYMEX futures contracts hold huge sway over the prices quoted for precious metals around the world (gold, silver, platinum, palladium).
Precious metal spot prices are showing continued weakness.
How far might the silver spot prices dip? Where might the spot gold-silver ratio climb to?
The first half of this calendar year, 2022, is now over.
And record-sized losses are becoming the norm in the world’s largest paper asset classes (e.g., bonds, stocks).
The numbers are extraordinary in sheer size and also in a historical financial market context.
We also examine new data which illustrates it is already an economic recession in the USA this summer of 2022.
Silver and gold spot prices increasingly sold off throughout this week’s trading.
David Einhorn of Greenlight Capital made an elegant presentation on his gold bullishness earlier this month, making his case for why they are going into gold now and not later.
Increasingly you will see more famous hedge fund managers and financial whales making the base case for gold bullion as the fiat Fed and US Treasury have painted themselves into a coming gold bullion mania corner. David is perhaps a bit early but many more big-money investors are soon going to come to similar conclusions with increasing capital flows to gold as well.
After now, a decade and a handful of years of reckless financial policies have brought about nominal price bubbles at still dangerous levels in various major asset classes.
And after the fiat Federal Reserve’s leaders kicked off a secular price inflationary regime policy in August 2019.
They want you, me, and other financial market participants to somehow believe they can manage a soft landing of their fiat financialized asset bubble economy with a mere orderly decline in said bubbles.
We begin this week with a linear chart of the US stock market's S&P500 index over the past 100 years. Fiat financialization kicked off in the 1980s. But it was not until after the 2008 global financial crisis got papered over with more than $100 trillion in international debt levels that imaginary nominal paper wealth numbers in the US stock market blew through the roof.
Price inflation in the USA continues to come in at record high levels.
The current head of the US Treasury's public policy on raging price inflation has now apparently been reduced to…
Hopium - (n) an irrational or unwarranted optimism that things might change sooner rather than later (in this case, regarding raging price inflation escalations to come).
Last week's +8.6% consumer price inflation year over year data point is still only underreporting price escalation facts of real-world costs rising. More often now legit journalists are finally beginning to expose how bad real price inflation has been underreported and compounding for decades. This brutal price inflation information becoming more common knowledge better clears runways for precious metals to eventually ramp manically in price and value ahead.
Even official price inflation is already at a level the nation has not seen since the last time gold manically revalued upwards to a spot price so big for some time (1980), the USA could have gone back on a more disciplined quasi-gold standard had it so chosen.
Economic recession fears have plunged U.S. stocks into a bear market, with the S&P 500′s decline now over 20% from it's all-time high to start January 2022.
The tech stock-driven Nasdaq is already deep in the bear market territory, trading down over 31% off its highs. These are a few names that surged during pandemic lockdowns that have been crushed this year.
Jeremy Grantham, the famed investor with a track record of identifying market bubbles, says today's bubble is worse than 2000, and he calls for US stocks to at least double their losses ahead.
The strength that the fiat financial powers collectively built is price inflation indeed.
This week the government’s underreported inflation figure came in at 8.3%, higher than expected for April but slightly lower than the 8.5% y/y figure reported the month of March prior.
Of course, one of the crucial factors running within CPI data wrangling is found in underreported housing costs that they consistently, consciously misconstrue using wild data input guesses like owner’s equivalent rent figures.
The US stock market, still at historically high bubble valuation levels, is off to its worst start since 1939.
We also continue to see the worst bond market performance start a year throughout this fiat currency era of over five decades running.
Billionaire financial market trader Paul Tudor Jones went on CNBC to hammer home some of the worst financial asset classes when inflation cannot be bottled up nor quickly tamped down.
Playing dumb after premeditated policies that injected massive currency creation into the global economy, does not make amends. Billions of people are currently suffering under high price inflationary outcomes and actions.
Following the preplanned and coordinated policies of major central banks 'Going Direct' in September 2019, the United States led the world in fiat M2 currency supply expansion on a percentage basis.
We are now suffering inflation rates likely in the mid-teens in real terms. Levels of price escalations not since the last time free-market gold forces pushed official US gold bullion reserve values higher than the then fiat monetary base outstanding in early 1980.
This week, Germany reported a producer price increase spike that, on a price chart, looks like something their Weimar forefathers constantly warned against reliving.
Last week Paypal co-founder Pete Thiel spoke about gold's value now versus where gold's value has been (and could go again).
While open discussions of the coming global sovereign Central Bank Digital Currency system are increasing in the public arena. The world's head central bank of central banks, the Bank for International Settlements this week, published a speech in which they acknowledged we are now living in an era of 'The Return of Inflation."
Surely the CBDC systems the BIS is helping 100+ nations build will help quell potential revolts from increasingly higher prices ahead for food and energy in the years to come.
China and Russia are increasingly trading commodities for the Chinese yuan directly. Specifically, energy inputs like coal and oil for yuan trades are increasing despite ongoing western sanctions.
The Central Bank of Russia will no longer buy gold at a fixed domestic price of 5,000 fiat Russian rubles per gram. Instead, Russia will buy gold at a negotiated price ahead.
Judging by the strength of the Russian ruble this past week, it seems the bid for rubles in international commodities training remains strong, having erased nearly all its losses from western sanctions related to the Ukrainian invasion to date.
This google trends data covers worldwide searches for the term inflation from 2004 until 2022.
It makes complete sense as prices for the things we need have been ramping up walls for the last year-plus.
Sadly the world is likely going to see famine and increasing political instability due to people’s paychecks increasingly not getting enough food on their plates.
The loss of about 25% of the wheat market has driven its price back toward all-time high levels, last seen in 2011 during the Arab Spring instability spell.
But terrible price inflation is not merely an emerging market issue.
Germany, the manufacturing powerhouse of Europe, admitted inflation rates this week not seen since 1981.
As we await the next bullish move for the monetary metals suppressed in their derivative COMEX complex with sophisticated London chicanery.
Now is the time to remind you of an era past and gone but not forgotten.
The date of this photo I ripped from Reddit the other day is January 9th, 1978.
The spot price of gold that day was $171.60 per troy ounce.
You can likely deduce that Gold Krugerrand coins and 50 Peso Mexican Onza gold coins were perhaps the savviest gold bullion buy that day at whatever bullion shop this was.
Spot silver was a meager $4.91 oz to begin the year 1978.
That day in this bullion shop looks like 100 oz silver bars at $500 fiat Fed Notes was the shrewdest acquisition.
Within about 2 years time, under severe stagflation, even with a corrupt CFTC, a crisis in fiat currency confidence produced a near 5X multiple in the spot gold price and an over 10X multiple for the spot price of silver.
The then gold-silver ratio ran from just below 40 into the teens. This time in gold silver ratio history, we are coming from heights closer to 80.
I named this week's SD Bullion Market Update as Our Past is Prelude, for real reason$.
You don't ramp your fiat monetary base like this without tremendous repercussions. We will all suffer from this one way or another. Bullion is going to account, in real value terms.
In a few minutes, I will show you further charts and data illustrating how our past is a mere prelude to what is coming.
Turning to potentially timing this upcoming manic phase for silver and gold likely ahead.
I call on the following three charts by an over 45 yr Comex trading vet Michael Oliver and his Momentum Structural Analysis newsletter.
Here we are looking at month-end & 10-month rolling averages (red line) in silver versus gold. They do this to smooth out the noise of week-to-week volatility.
In bullion bull markets silver often outperforms gold, so we're looking to find the silver breakout points of the past to know perhaps how far we are from seeing it again.
Here there were two clear breakout points, with a silver short face-ripping mania into early 1980.
Next, the bull runs into early 2011. Here we see two clear breakout points as silver consolidated in the teens for some time in 2010 before tripling in short order.
Finally the run we are likely to get going not long from now. You can see the pandemic breakout as we ran to $30 oz in not much time from the $12 spot lows. We have been consolidating for 15 months since.
See the green circle over there on the far right?
Michael Oliver and his MSA firm are long silver, and also using call options for even more leverage for this coming silver run.
In the video embedded above, go listen to how Michael answered me in late 2018 when I asked him where he thought this was all going.
Now in the 2020s, for spot silver. The sideways coiling is now 15 months and counting.
When will we run and blast through $30?
The longer it takes the higher and more explosive the energy will be in my opinion.
Billionaire derivative trader Paul Tudor Jones argued this week the obvious for any of you out there trying to make ends meet
Fiat currency devaluation price inflation is the #1 threat to us all now.
In real terms, we're not paying record debt levels off nor most of the unsaved-for promises in real terms (hundreds to trillions). And under this fiat Federal Reserve inflationary regime, this decade into the next, bullion is poised to be precious in countless ways.
Position yourselves prudently. Thank you for watching and visiting us here at SD Bullion.
And as always take yourselves and those you love.
The world's largest eastern bullion buyers are waking from their pandemic slumbers as western efforts to bring absolute transparency to the silver price and gold price discovery continue failing and falling on their faces. More on that story later.
Great news this week as I've returned fully to my desk after a short few days touring the Pan-Americana countryside. Meanwhile, the fundamentals, trading price action, and market sentiment for silver and gold have turned for the better.
To start this week, we'll lean heavily on many of Daniel March's latest physical bullion flow tweets, so I can further explain what has been happening.
First, watch what the aggregate central banks do and often ignore the narrative games they play.
Central banks are on pace to collectively break their record 2019 gold bullion buying this year, 2021.
And now, Poland is gearing up for another 100 metric tonne gold bullion buy to begin 2022.
The Chinese Shanghai Gold Exchange is delivering gold bullion at volumes not seen since before the pandemic kickoff to start this decade, the 2020s.
Indian gold bullion demand this year is going to rival record volumes hit in the 2010s. See this chart for where 1,000 metric tonnes of gold bullion demand stacks up historically.
Silver Squeezers and silver bullion bulls out there buck up. The Indian silver demand gorilla of the 2010s may be returning as Metals Focus reports that over 400 metric tonnes were imported into India in September 2021 alone.
Here is where that amount stacks up to the way India bought silver bullion in the 2010s. If and when the Indian nation returns to its average 172 million ounce silver demand levels in this decade, the 2020s, good luck, London, and unsecured ETFs like $SLV and $SIVR changing your prospectuses yet again.
Quickly, this is a reminder. Remember history, knowing the nature of how bullion bull markets with increased prices behave; eventually, increasing demand for near-record high gold prices bleeds over into undervalued silver.
When the increasingly less poor Indians on the street see gold's price climbing a curved wall, expect many of them will switch their buying preferences to silver, and the import demand levels to increase sharply for Indian silver flows ahead.
Let us move on to the idiocy that is the inflation narrative con game ongoing.
Long-time silver bull Bill Fleckenstein pointed out how stupid this Bloomberg Opinion headline is; underreported escalating inflation hurts average US citizens and is a crime ongoing for anyone who bothers to look. Actual price inflation is likely running at double digits if we simply take into account the actual escalating prices on rents and housing prices in the USA.
The rigged US gov't's Consumer Price Inflation data has yr over yr shelter price escalations at a laughably low 3.2% increase. But just a few cursory glances at data, and we know that's a lie.
Even the cost-of-living adjustment for Social Security is going up nearly 6% for 2022 as the poorest amongst us often suffer the most under high inflationary regimes.
Meanwhile, get ready for a cold winter full of BRRR fueled escalating natural gas prices to come.
But don't worry, the narrative gamers at the fiat Federal Reserve have no shame as their lies get exposed for all to see, yet again.
Anyone who thinks high inflation is not the primary tool for defaulting on our record debts and not saved for liabilities still, I have a bridge down in the Florida Keys to sell you.
So hop on, figuratively speaking. And let's do some more cruising through the most important bullion market updates for this week. Be sure to share this content with those who you think may also enjoy it.
Full transparency, I am recording this SD Bullion market update on the afternoon of Thursday, October 14th, 2021.
Yesterday, Wednesday morning in the US COMEX open, silver and gold had a snapback rally which put the short sellers on their heels and has given rise to some seriously bullish sentiment across the precious metals complex.
This week, it will be interesting to see how both monetary metals can close in their respective derivative price discovery markets. Will gold clear and close above $1800 and the critical $1820 an ounce threshold ahead?
Will silver get beyond $24 oz soon?
The lately building gold-silver ratio head and shoulders formation has given way to a fall back towards the mid-60s and perhaps beyond as we come towards the end of 2021 into 2022?
If we take some of the analog 1970s vs. this 21st Century bullion bull market statements I have made on this channel in months and years prior, now is the time to start the valuation climbs.
The 2.5Xs 1970s vs. this 21st Century bullion bull market analog is calling for gold to make a major move now through next month, November 2021. We shall see if the timeframe overlaps accordingly.
Again, here is a chart I often use here to explain potential timing ahead.
Remember back to the start of this year 2021, and the record media attention freely given to the bullion industry by the likes of Bloomberg and CNBC as the Reddit #SilverSqueeze got underway late in late January.
Well, a draining of the COMEX has since ensued steadily after that.
The registered amount of available underlying fractional reserve COMEX silver bullion is now under 100 million ounces, down over -50 million troy ounces from its peak before the silver squeeze start.
The Wall Street Silver subreddit now has over 160,000 members and growing. With rabid members committed to figurative wage war this decade by stacking silver bullion for the long haul.
One of the creative members of the silver squeeze clan, Creflo Silver, points out that it would only take a bit over a mint case of silver bullion delivered to every of the current 160 thousand WSS members, around 618.75 ounces of delivery, to suck the COMEX dry of its currency registered silver bullion pile.
Think back to the start of this week's SD Bullion Market Update video start. Ponder what happens if and when Indian demand returns to its former 2010s levels; combined with that current, there is not much silver bullion to go around the fact.
As well too, while having idled of late, Sprott $PSLV stands ready to take on new inflows and begin jacking up its silver bullion ounce holding levels as the months and years progress.
And, of course, we are not the only ones turning blue in the face with silver bullishness.
Peter Brandt, a long-time COMEX derivative silver trader, is tweeting mega bull shoutouts on silver ahead.
Have a read on some of his latest thoughts. First, about not pitting against one another over silly bullion vs. crypto arguments while flashing the mega long-term silver chart cup and handle that is building.
Also, he states that a $48 oz silver "moon shot" is on his silver point-and-figure chart.
Transitioning now to a story we jumped on top of right before we began this SD Bullion YouTube channel.
The NY Federal Reserve's REPO loan fiasco from September 2019, some of the loan data from that month just came to light thanks to the great work by pam and Russ Martens over at WallStreetOnParade.com.
And while it does not surprise the megabank and fiat financialized institutional names involved in the overnight lending fiasco that has escalated since.
What is surprising is the size and scale it has mushroomed into since September 2019.
This week also, Reuters had an exclusive on how supposed western gold silver derivative price discovery transparency continues failing.
Pause here for a moment and a warning. It’s funny how the respective seemingly lawless City of London-based custodians for the world's largest silver ETF SLV (JPMorgan) and the world's largest gold ETF GLD (HSBC) shunned bringing potential transparency to opaque silver and gold derivative markets they often dominate via outsized concentration. Not in their interests?
Suppose you own either SLV or GLD for the medium or long haul. Go read their respective +50 page prospectuses, know with a share in either of those two derivatives you legally own no bullion and learn what the legal term "unsecured creditor" means for when and if things go wrong with either trust.
Back to finish reading you all this article in our video embedded above.
That is all for this week's SD Bullion market update.
Here's hoping you out there have taken advantage of recent price weakness to build a prudent bullion position, as we are possibly heading to a bullish close for this year 2021 and onwards into 2022.
As always to you out there, take great care of yourselves and those you love.
In this week’s market update, James Anderson, reporting for SD Bullion, addresses Treasury Secretary Janet Yellen’s speech to lawmakers last week. According to the Secretary, if Congress fails to raise the federal debt ceiling by October 18th, the country is likely to fail to fulfill its financial obligations and the country would fall into an economic recession. As we see Mrs. Yellen calls for a bipartisan agreement, James has some spot-on follow-up questions.
As James analyzes the historical and current economic scenario of US dollar monetary base totals or fiat M0123 aggregate piles, he aims at targeting a conservative long-term forecast for gold and silver bullion in these coming years and decades unfolding.
He starts by pointing out the Executive Fiat Decree 6102, the one that ordered the confiscation of gold from 1933 to 1934 and basically resulted in the country defaulting on its own citizenry. Americans would only be able to legally own more than three troy ounces of gold privately over forty years later, in 1975. By then, the fiat denominated price of gold had more than five-folded. A luxury the U.S. citizens were not allowed to take part in.
During her public speech, Mrs. Yellen also claims this could be the first time ever the role and safety of the U.S. Dollar, the fiat Federal reserve note, is called into question. Well, that might not really be true. James recalls how in 1988, as gold prices escalated, the country could have gone back to the gold standard. Decades later, all-time record debt levels continue to be an issue.
Mrs. Yellen goes on to state that the U.S. Dollar is the safe-haven asset during economic downturns. At this point, James calls on the Financial Crisis Protection Pyramid by former Federal Reserve Governor John Exter which clearly defines gold bullion as the safest asset. That is precisely why central banks in China, Russia, and the E.U. own huge amounts of gold bullion.
If you have also been monitoring trends in the global business and financial world, you likely know this is coming.
And if you have perhaps also bothered to study how old and analog our current global system of payment settlements is, this week’s concern should be on the top of your mind. For us here at SD Bullion, it certainly is.
This week we begin by listening to bond trading billionaire Scott Minerd, the Chief Investment Officer of Guggenheim Funds (the same hundreds of billions family fortune launched from the California Gold Rush refining physical gold and silver during the fiat GreenBack gold mania era).
We've highlighted Scott Minerd’s silver bullion bullishness on this SD Bullion channel in years past. You can see more on that here.
Before we end this week's SD Bullion market update, we're going to remind you just how financially connected Scott Minerd is. What he has said on record is the transitional endgame phase for the global payments system. As well, we'll listen again to his take on silver's eventual parabolic rise potential to come. Mr. Minerd also states that the 10 yr US Treasury will probably go negative before this 40 yr bond bull market ends.
Before we begin this update in earnest, a few thought-provoking questions related to this topic of payment settlement system freezing up.
How will our vulnerable Global Payment System react to large-scale coordinated hacks, attacks, and or significant Natural disasters like solar flares that can potentially blow out nearly everything digital and electronic it possibly blows through here on Earth?
More questions to ponder are below.
In the tweet embedded below is the Bank for International Settlements Money Flower illustration.
It illustrates that all currency derivatives flowered from their precious metal monetary legacies and foundations. The government partnered central banks still hold over one in five ounces of gold ever mined because they know their fiat financial folly history. It is their insurance policy if and when currency derivatives fail again.
How prepared are you if the financial system were to seize up for months in duration?
In a complete financial system freeze or failure, having physical bullion and cash should be handy in getting necessities. Always having a few months of physical cash notes hidden away to cover monthly household expenses makes common sense, given the inherently leveraged risks we're all facing. Small-denomination silver and gold bullion products can also be handy for getting immediate liquidity in a pinch.
In the race for digital control grid cartels, our shortsighted financial leaders want us helpless in transacting if and when in the future the electronic grids fail and or get hacked for long durations of time.
Why else would the Bank of International Settlement's Agustin Carsten's be saying things like ABSOLUTE CONTROL when referring to the fiat Central Bank Digital Currency or CBDC payment grid that he and a hundred plus central banks are working on right now?!
Here he was back in late 2020:
And right on cue, The Daily Mail reported today about how the new USA’s Comptroller of the Currency thinks it is time the fiat Fed ends banking as we once knew it.
Have we noticed the trend yet?
Less control and privacy over our savings is what they want. And other than bullion, they're probably going to get it this decade into the next.
Silver and gold had volatile weeks, with the general last half-year trend still down.
The gold-silver ratio tightened to close this week, but it still looks technically like it wants to spike towards 85 before we make the next significant move downwards.
The Wall Street Silver crew continues updating on Twitter, how massive the NY Fed's Repo Loans are growing, hitting a daily record of over $1.6 trillion in one day this week.
Congrats to them for reaching 150,000 silverbacks in their Reddit community.
As promised to close this week's SD Bullion market video update, we revisit what this former NY Federal Reserve Investment Advisor Committee Member has told us about silver and where the world is headed by 2020.
We start in early 2020, and then we go back to 2011, the last time the US debt ceiling debacle got the US debt downgraded by Moody's and other rating agencies.
That is all for this week’s SD Bullion market update.
As always to you out there, take great care of yourselves and those you love.
This week, Wall Street Silver ‘queen’, Kristina Partsinevelos was back on CNBC covering tough times of late for silver prices.
If you watched the end of our SD Bullion market update from last week, you would know that the Biden administration has their sights set on a massive US energy grid solar panel buildout, which would acutely spur silver solar panel demand in the USA through this decade the 2020s.
Bloomberg New Energy Finance (BNEF) is a leading provider of strategic research on the supposed low-carbon energy transition unfolding.
They recently ran silver solar panel demand numbers on a global scale, and they claim over 1.3 billion ounces of silver will be required this decade.
For fun a few weeks ago, I asked about one thousand Twitter followers the following question.
Apparently, we either add a 0 to the current silver spot price, or governments can go source their silver solar panel needs from the minuscule global silver refining and silver mining industries.
It was a choppy sideways up then down week for silver and gold spot prices. This past week started with a three-day Chinese Mid-Autumn Festival holiday. More on that in a minute.
The gold spot price closed the week just above the $1,750 oz level price in full fiat Fed notes.
The silver spot price ends the week right around where it started, just over $22 fiat Fed notes per troy ounce spot.
The gold-silver ratio remains at 78.
Yesterday I got this silver price chart emailed to me by Lee Justo of Wall Street Silver, and it illustrated the critical price threshold that silver is currently at.
We are also at a similar critical threshold with the gold spot price. The $1.700 oz level is a key number to watch in the weeks upcoming for gold.
This footage was taken this week in China, during the three-day Chinese Mid-Autumn Festival holiday, high-grade gold jewelry buying was said to be strong.
Based on reported physical gold and silver import data, China is steadily buying bullion and high purity gold jewelry.
You can bet Sep 2021 will be a good number too with the recent spot price dip, we also have the early October Golden Week holiday season inventory buying coming up.
The World's workshop always has a steady silver bid for industrial silver usage, not even the now one and a half year pandemic slowed their silver demand as you can see here.
Physical Indian gold demand too... is reported strong of late. Not merely the Indian citizens are buying mass gold, but also the Central Bank of India is buying gold bullion at a record high clip.
Indians & Chinese are always opportunistic gold bullion buyers. They are backing up the truck to buy gold at a perceived price discount.
Perhaps we should consider following the example of our Chinese and Indian brothers and sisters on the other side of this world, and begin backing up the truck for these ongoing silver and gold spot price dips.
That is all for this week's SD Bullion market update.
As always, take great care of yourselves, and those you love.
In this week’s SD Bullion Market Update, we examine chaos in alleged Chinese real estate Ponzi schemes coming undone and the incoherent nature of bearish silver and gold trading of late.
The world has never seen a nation with the size and scale of China grow so fast.
Of course, years of ghost city scandals and malinvestment projects both built and blown up in short order to clear space for new projects is commonplace.
But now, some alleged real estate Ponzi schemes are starting to hit ordinary people's life savings, and tens of thousands want their money back.
Once the country's second-largest real estate developer, Chinese property development giant Evergrande, is drowning in debt and likely defaults on what it owes.
Some 1.5 million people have put deposits on new homes that have yet to be built.
Reportedly over 70,000 retail investors forked over vast sums of money, in some cases their entire life savings, after the country's second-largest, 'too big to fail' property developer wooed them with promises of 10%+ annual returns.
After accumulating an equivalent value of about $410 billion fiats Fed notes in liabilities, the company Evergrande - which became the country's largest high-yield dollar bond issuer (16% of all outstanding notes) - sparked protests across the country earlier this week after announcing they were forced to delay payments in their wealth management products.
Evergrande allegedly has more than 700 real estate projects across 223 Chinese cities - most of which lie in the country's less developed regions - and has committed to complete some 1.4 million properties by the end of June, according to The Straits Times.
Beijing has yet to make an official statement on what actions will be taken as many unsecured investors, both domestic and foreign, are hoping for a full-on government bailout.
According to Wolf Richter of WolfStreet.com, "Property development has been a huge factor in China’s economic growth and supposed miracle story. It accounts for 28% of GDP. And much of it has been funded by debt, including fiat dollar-denominated debt, and much of it is now blowing up in their faces.
So will the collapse of overleveraged Chinese property developers cause a financial crisis in China and perhaps beyond?
It could. But some of the biggest losers are foreign investors that bought those bonds, and not Chinese banks, and for a financial crisis to happen, it would have to sink China’s banking system."
For now, according to Wolf Richter, it looks like China might be trying to force "a brutal deleveraging on the property sector to bring down risks and tamp down on rampant speculation and price increases. It looks like an effort to rebalance the economy away from property development.
It looks like investors are invited to eat the costs of this forced deleveraging, with the government perhaps teaching them a lesson, namely that they might not get bailed out and that the flood of liquidity into the property sector was misguided and needs to end.
And it looks like the government is willing to take the risks of spillover effects into the broader economy and credit markets. And if, in fact, the government refuses to bail out bondholders, and allows a large-scale bloodbath among investors, particularly foreign investors, to occur in order to deleverage the economy, that would be a sea change for investors in China."
In the coming weeks and months, we will likely see the Chinese financial authorities’ direction.
Again those 4 GSIB bank names (see page 3) we highlighted in this week’s video, as defined by the Bank for International Settlement Financial Stability Board. Those are the Chinese megabank names to stay focused on in terms of potential contagion going possibly beyond China’s borders.
Silver and gold spot prices have been trading like trash of late.
Maybe's now nearly time to buy high-grade gold jewelry instead of plowing all your family's wealth into some pie sky, ghost city malinvestment project https://t.co/i5AHidvp9R
— James Anderson (@jameshenryand) September 17, 2021 The gold spot price is likely to close this week around the $1,750 oz handle, and the silver spot price looks to finish the week just below $22.50 oz. Silver is teetering on the bottom of its last over one-year consolidation channel, lookout.
The gold-silver ratio has now climbed near 80, and it remains to be seen what kind of spot price attack shenanigans might get let loose this coming Sunday night in low-volume Asian trading to possibly get shorts out from under any potential paper losses they may still be staring at.
If you are still acquiring physical bullion and precious metals positions, keep your heads on a swivel and potential buying triggers engaged.
Here is the gold spot price vs. the 200-day moving average throughout this whole fiat currency era now over fifty years running. Now we’ll zoom into the last five years so you can see the context of where we are versus recently been.
Here is the silver spot price vs. the 200-day moving average throughout this full fiat currency era now over five decades running. Again we’ll zoom into the last five years so you can see the context of where we are versus where we have somewhat recently been.
Anecdotal reports out of China are Chinese housewives have been buying the price dip and gold bullion import inflows were heavy this past week.
On the United States side of this current situation, Daniel Oliver of Myrmikan had this gold versus real negative interest rate chart to remind us of how misplaced things are in the financial markets at the moment.
Remember that when looking at current negative interest rates near negative five percent per annum, the US government is likely underreporting actual price inflation by a factor of times or so, meaning real inflation is expected to be running around 10% for most citizens.
Back in the 1970s, the US government and Bureau of Labor Statistics were not in the full-time business of rigging price data regularly as they are increasingly now.
The case for the price of gold being multiples of where it is right now can be made based on past historical precedence repeating. But just let’s wait and see how much worse the inflation data gets in the coming yrs before we get entirely shocked by this perverted price discovery.
The reported balance sheet of the Federal Reserve is now at $8.5 trillion and counting.
Remember what happened last time the Federal Reserve tried to taper its balance sheet while the Federal Funds Rate got moved up to near 2%?
That’s right, the stock market rolled over violently, and emergency phone calls on Christmas Eve 2018 were made to the plunge protection team and US-megabanks.
This financial system is still structurally sick as a cancer patient. The question of when confidence starts collapsing and investors start running for the tiny exits, that’s what we’re staying focused on here.
This week, the Institute for International Finance reminded the world of the crazy debt binge it’s been on, especially over the last handful of years.
Of course, many of these challenging debt levels are owed by corporates, households, and others denominated in fiat currencies. Most of these debtors do not have their very own legal tender printing presses. Newsflash: much of this debt is not going to get paid back in real term$.
Not accounted either in these totals are $100s of trillions not saved for unfunded liabilities that the west owes. For example, unfunded programs like social security, medicare, government pensions, and other mandatory government promise piles accrued in the USA alone.
How will the future defaults and currency debasements in absolute real value terms unfold?
Now to move this bullion market update back to silver from the start of September 2021. Long-time silver derivative trade Peter Brandt tweeted the asymmetric bet he was supposedly making to begin this month. The idea is that the silver spot would not see below $20 oz before running at $50 oz ahead. Well, that claim is now an honest question.
But let's look at some ridiculous fundamental drivers outside of record silver investment demand ongoing. For example, the Biden administration is about to propose a $3.5 trillion infrastructure bill. A large portion of promises is about a massive solar panel buildout for the US electric grid in the decades to come.
We now have outlandish claims from the Department of Energy stating that 40% of US electricity will come from solar panels by 2035. Imagine a solar panel a bit smaller than the state of Maine broken up and sprinkled about on rooftops and in unused sections and swaths of arid and non-US farmlands.
The US Department of Energy also has a Solar Futures Study, 310 pages long, and one riddled with many assumptions that will prove wrong. But the most salient part was likely on the report’s page 166, where they explicitly state, "silver demand from solar panels could reach almost 40% of 2020 global production in a global decarbonization scenario."
Ah, Earth to the Department of Energy. I don't know; maybe you haven't been paying attention thus far this decade. But the amounts of silver bullion and investment ETF demand ongoing and likely to come will be a real problem for silver supply levels at these paltry spot prices. London complained that they almost ran out of silver bullion inventories a mere handful of months ago.
You better come up with a higher spot price to induce the silver mining and refining required to meet the lofty figures you published in this report.
This report also talks of one-day undefined thrifting more expensive silver inputs for copper into this solar panel infrastructure grid build-out. Never mind that current copper solar panels don't perform as well nor last as long. And oh yea, silver laced solar panels only have about a three-decade lifespan, so hopefully, by the year 2050, we've invented cold fusion and free energy.
But the Department of Energy has a commingled figure of 2,572,056,000 oz silver / and later thrifted solar panel copper ounces that will supposedly go into this massive government energy program.
So the idea that the silver spot price will slip back and flounder into the teens for a long duration to come is pretty silly. The US government is talking about silver-laced solar panels combined with their seemingly infinite fiat monetary base ramping galore; silver should be set up for some of its best years to come.
That is all for this week's SD Bullion update.
Thanks for tuning in, and as always, take great care of yourselves and those you love.
In only the first eight months of 2021, the US Mint has already achieved record sales volumes for its gold bullion coin program (combined Gold Eagle Coin & Gold Buffalo Coin buying by the investing public).
Here are some insights about physical gold bullion bar market tightness potentially affecting the US Mint and its many potential suppliers.
We are hearing some rumblings from now multiple mints/wholesalers that seem to be having a more difficult time finding base metal for product production delivered on a schedule that they can rely upon. The first phone call was a few days ago when we were tipped off that gold eagles were likely going to be delayed a week or two. They stated that it was because gold suppliers for the near term have been reluctant to agree to US Mint's supply contracts which include a delivery date guarantee. The delivery date guarantee is to ensure the gold arrives at the US Mint facility on a certain date so they can plan production. If they miss the delivery date deadline, the supplier is subject to huge fines.
The supplier is saying it is too risky to take the chance in meeting the delivery date guaranteed US Mint production schedule. Suppliers we have spoken to have had logistics issues (aka gold not readily available in the normal places) in getting the gold to their facility. Therefore, it appears that multiple suppliers are taking the position they do not want to risk the fine if they are late delivering gold to the US Mint by a day or two given the delay we are now being advised on US Mint gold.
It is important to note, we are not aware of any material differences regarding US Mint delivery date guarantees. The supplier contract of supplying gold to the US Mint has always been strictly regulated and controlled. In other words, the decision by the supplier, in our opinion, is not based on anything the US Mint is doing differently. It would seem to indicate issues within the gold supply chain itself and the reliability that the gold supply currently incoming to the suppliers is more risky than normal.
Another phone call took place today where a mint said that, in their analysis, there is a lot of gold and silver out there. The cost of getting it to where it needs to be is a barrier and a logistical nightmare. Therefore, this seems to back our opinion that suppliers are having to go to 2nd and 3rd line sources to bring in base metals that are less reliable.
Furthermore, the traders had the following to say regarding the situation of the US Mint heading into the fall of 2021:
The US Mint is playing an elaborate game of "Chicken or the Egg" as it relates to selling Gold to their Authorized Purchaser network. Historically, the mint purchases raw Gold from any number of sources, which it then uses to produce Eagles, Buffaloes, etc. Each raw Gold purchase comes with a set standard of terms of delivery (which have not changed) that binds the seller to specific terms, and failure of the seller to meet those terms they've agreed to with the US Mint is very costly.
The Mint is now quoting unexpected delays on their products, notably pointing to the lack of supply of the raw Gold being offered to them. Considering the suppliers of the raw Gold are often the same parties buying the finished product, it's an odd phenomenon where each party is in some sense biting the hand that feeds them. The only reason for this development is that it's too costly for suppliers to agree to a delivery schedule to the mint, as the supply of raw Gold itself is not as reliable as it always has been.
That’s all for this brief SD Bullion update.
As always take great care of yourselves and those you love.
John Paulson, a multi-fiat Fed note billionaire Wall Street trading legend, was interviewed on August 12th, 2021, and Bloomberg Wealth published these video clips this past week.
This famed, often highly leveraged derivative, a trader who helped his firm and investors net over $20 billion on a trade shorting the 2007/2008 housing market credit bust, had additional sharp insights on the parabolic future price climb for gold.
The close to this week's silver and gold derivative trading hours ended on a positive note for bullion bulls. A massive near 500,000 jobs bolstered both respective silver spot price and gold spot prices in August 2021.
The gold-silver ratio also fell firmly on the news, showing signs that derivative traders were seeking alpha by placing down additional silver derivative long bets.
Sideways spot price consolidations can wear people's excitement and patience out. But this last year to time for silver bulls like myself and the extended base we have been building signals tremendous upside energy likely ahead.
And with fiat creationist cartels en route to doubling their ballooning balance sheets within the last two years, well, a reckoning in store of value confidence is what I continue actively betting on and saving against.
This week we have some exciting news from various important gold stacking and even increasing commodity-price-discovering nations on the other side of the world.
We'll begin with news out of China.
Note the mentioning of shipping futures contracts and the massive escalating price squeeze ongoing for goods from China to the USA since the pandemic.
Much of these shipping price escalations have and will likely continue to be passed off to consumers with higher prices for goods coming out of China.
Also, China is still the world's largest consumer of commodities, and it's not close in terms of the second-largest market buying most things critical for a quality modern lifestyle.
Pretty easy to guess that China wants to wrestle much commodity price discovery influence away from futures markets like the US-based COMEX and NYMEX to have her longer-term agenda more easily appeased.
Of course, Russia likely knows well the International Monetary Fund's Special Drawing Rights history.
The SDR began in 1968 as a supposed gold-backed freely convertible supra-central banknote only to morph into year another complete fiat currency contrivance.
The SDR fiat currency unit inputs basket has lost over 97% of its value to gold bullion. And the Russian Federation likely agrees that the SDR devaluation vs. bullion trend is not changing anytime soon.
Gold market analysts Daniel March and Krishan Gopaul were quick to cite massive gold demand out of India for this past month of August 2021.
Remember how last week we mentioned Germany had almost imported 100 metric tonnes of gold in the first half of 2021?
Well, India did that and more in August alone. India’s most significant gold bullion buying nation f India is getting back on track, and it appears she is well open to importing 1,000 metric tonnes for the year.
This week Market Watch had an exciting story citing estimates that an additional 20% of undocumented smuggled gold moves into India annually — stashed inside wigs, jeans, shoes, and other body cavity regions.
The reason for this at a large scale is the arbitrage of possibly avoiding the 7.5% duty and tax slapped onto both gold and silver bullion bar imports into India. A country that is preparing to launch trial programs for its fiat CBDC rupee late this year 2021.
The Indian banking system is notorious for being insolvent and not writing down bad loans and debts, so moving to a fiat CBDC grid and killing cash is likely a high priority for the financial powers.
Finally, to close, I will leave a link to an interview I did yesterday with Tom from Palisades Radio.
https://youtu.be/QHKOirpEkqc
In the interview, I go over a bit of what I am about to tell you. My recent less than 24 hours one day trip through Istanbul, Turkey, was eye-opening. The ancient and largest city on the European continent, with portions of it extending on the continent of Asia as well. About 16 million people live there at the moment.
And the majority of the people living there are suffering under severe currency devaluation and ongoing price inflation.
Historically and currently, this part of the world has a massive gold trade, not merely in annual demand for high-grade gold jewelry manufacturing but also its growing gold refining capacities.
Increasingly too, as the Turkish lira continues devaluing, their demand for silver continually grows, as likely the poor man's gold is deemed a better value and with a reasonable price range.
In mid-2208, the Turkish lira was almost at par with the fiat Federal Reserve note, and now it takes over eight fiat lira to get one US dollar. So I went there with the express intention to buy some high-grade gold jewelry gifts in their world-famous Grand Bazaar. The trouble was they had a national holiday on August 30th, so I will have to return happily.
Here's the point, I didn't get my high-grade gold jewelry gifts, but what I did get was some perspective of how lucky I am.
That day I got to meet and sit with a young, charismatic Syrian refugee for a 15-minute tea, and we quickly got to the point where he mentioned how terrible his job was. He complained of having to work 12 hour days with no breaks and how his pay was demolished by ongoing lira price inflation. Never mind the fact that his home country was recently ravished by war.
I bet if you asked a lot of these people here, they would tell you similar or even possibly worse stories.
You see, most of watching this video have been lucky, including me: Count, our blessings,
That is all for this week's SD Bullion market update.
As always, take great care of yourselves and those you love.
The next era of new record gold prices in many of the largest fiat currencies and fiat FX trades is not far away. Hear and see for yourself.
Price charts & accompanying video content can be seen for free at: https://www.youtube.com/c/sdbullion
It has been a mixed week for the respective silver spot price moving down slightly and the gold spot price testing but failing to clear $1800 oz. Thus the gold-silver ratio keeps climbing, likely closing at 77.
We also witnessed many ugly images and video clips came out of Afghanistan; Chinese state-owned media were quick to jump on the opportunity to warn its neighboring island, Taiwan.
Essentially pointing out in a widely circulating editorial from Chinese state media that once a war breaks out in the Chinese Straights, Taiwan's defenses will collapse in hours, and US Military will not come to its aid.
Citing that if it decides to interfere with China's likely future Taiwan takeover, the United States would have to have a much greater determination for a fight over Taiwan than it had in Afghanistan, Syria, and or Vietnam.
Also, yesterday, a poorly translated article was published regarding the China Gold Association stating a large number of Chinese gold reserves proven in their ground as of the end of 2020. The race between which nations have the most gold in the ground yet to be mined is between China, Russia, and Australia in the decades ahead.
What has not changed is the understated Official Gold Reserves of the Chinese state at the moment, still standing just below 2,000 metric tonnes.
Judging by physical gold bullion flows and mining production over the last four decades, increasing since the 2008 global financial crisis. It is fathomable that between the Chinese military and her large sovereign gold bank vault system, China could quite possibly add a zero to their official gold bullion reserves at any time in the future of her choosing.
Regardless of where her gold reserves stand, the likely issue China will continue to have to battle will be the world's collective faith in her word. The size of interest in China's currently near fully closed capital accounts, if and when they might somehow open, and how that might come about for the world at large.
Swinging this opening back to official gold reserves already mined and owned by sovereign nations, but ones not sitting at home onshore but rather offshore for the nation of Afghanistan. The official Afghan gold reserves are still sitting with the New York Federal Reserve and have been there since 1939. There the nation has over 703 million ounces in the basement of the NY Fed building. But to surprise, the US Treasury and OFAC just froze known Afghan financial accounts in the hope of blocking Taliban leaders from accessing billions in Afghanistan's foreign coffers.
Turning attention to our neighbors north of our North American border up in Canada. The following comment by the current prime minister of Canada running in a snap election should be worrisome for anyone seeking future financial restraint if he wins.
Next, we turn to JP Morgan Chase's rampant criminality in financial markets.
In a bit of bad news, good news regarding the seemingly lawless financial and commodity market price discovery for the last decade-plus.
The good news is an Illinois judge ruled this last week that four former JPMorgan precious metal traders will stand trial beginning on October 19th, 2021. One of these former traders is Michael Nowak, the once co-managing director of the megabank's precious metals derivative trading desk.
The trial will cover years of alleged criminality, beginning when JPMorgan inherited Bear Sterns's naked silver short bankrupt desk in early 2008, all the way into the year 2016.
What will not be up for trial is the bank JP Morgan Chase itself, nor the trader's executive superiors who likely also heavily benefited from ill-gotten gains made from tens of thousands of spoofing and slammings of spot prices in precious metals for nearly a decade running.
Now left to hang potentially, these former traders will face criminal racketeering, market manipulation, spoofing, conspiracy, commodities, and bank wire fraud.
It will be interesting to see what more financial market onlookers might learn as this trial gets underway later this year.
And finally, to close this week's SD Bullion market update.
Palantir Technologies, a public American software company, specializing in big data analytics, has purchased $50.7 million in 100 oz gold bars to hedge against potential black swan events.
Headquartered in Denver, Colorado. And co-founded by tech billionaire Peter Thiel.
Company customers include the
• the U.S. Army • the U.S. Navy • the CIA • IBM • Amazon
Its intelligence software is used in 150 countries, and its customers can now pay for services in physical gold bullion.
Which leads one to wonder, what kind of potential black swan is their data possibly purveying?
And will a trend of publicly traded companies, organizations, and other institutions buying bullion as payment hedges begin to become more widespread? Or will most be caught owning no bullion or physical monetary metals in case of a failure of the internet and/or power grids, prolongs for weeks or even months at some point in our future.
That is all for this week's SD Bullion market update. As always, to you out there.
Take great care of yourselves and those you love.
A golden anniversary is often the 50th joyous celebration of a marriage where two loves who have spent a lifetime together, mark the occasion with family, friends, and loved ones.
Well, we're about to do almost the exact opposite of that.
Not merely with our own experience and opinion, but also data and many of the damning charts we will show you on this free video uploaded to the SD Bullion youtube channel.
Audio sourced from https://www.youtube.com/c/sdbullion
The silver spot price and gold spot price got smashed in the derivative markets again this past week.
If like me, you have been in the precious metals market long enough, perhaps you, too beginning, are beginning to feel like Phil Connors in the 1993 American fantasy comedy film Groundhog Day.
Gallows humor and derivative price discovery propaganda aside, for those of you who know that this kind of rampant fiat currency creation ultimately blows physical precious metal values higher. Now is a great moment to add to prudent bullion and precious metals positions.
This past week, on this same SD Bullion channel, I published a video looking back a the last dozen years of intraday silver price trading action on a year-by-year basis. An attempt to find the typical times during the day in which short precious metals derivative traders have their generally most considerable downside effects on ongoing spot prices for silver and gold. This week's downside price smashed on the morning hours, was like clockwork.
If you missed that video, here is the link: https://www.youtube.com/watch?v=SCnlc0LaNj4.
It will be essential to see how trading goes this coming Sunday evening into early next week.
Will the precious metals rebound, or will there be further short-term downsides to come?
Not only is silver at a critical support level, so too is gold, platinum, and how much higher may the gold-silver ratio climb in the coming weeks?
In some positive, there appears still to be a shred to the rule of law remaining. This past week a jury convicted Two Former Wall Street Bank Traders of Wire Fraud.
That is all for this week, as always to you out there. Take great care of yourselves and those you love.
I know it sounds ridiculous.
As if I added an extra "$200" per troy ounce to the silver spot price in this article's headline.
But that is the current damning East vs. West silver "price discovery" data aggregated over the last +50 years.
Here is a quick background on how "polite" western silver and gold price suppression is.
I would argue it's more ridiculous to publically say that daily and weekly spoofing of the precious metals price discovery markets to the downside tens of thousands of times over a decade doesn't damage the price of an item, over time, compounding to the downside.
So here we continue to await the coming silver bullion shortage, front running, and likely coming gold bullion shortage (of available quickly deliverable bullion, in real size, at reasonable prices versus spot).
A bit of bad news, good news to start this week’s SD Bullion market update.
Most often miscalled a US dollar, the fiat Federal Reserve note continues devaluing in real purchasing power at rates not seen in nearly 40 years.
The good news is, silver and gold continue being mispriced discovered by outsized derivative and fiat financialized markets that act as having little to no clue on the capital flow comeuppance to come.
In other words, investors can still get physical precious metals positions at comparatively low historical valuations to other asset classes propped and stubbornly still hovering in bubble status.
Prices reportedly increased near 1% from May to June 2021, signifying double-digit inflation using the government’s hedonic quality rigged, underreported inflation figures.
CNBC Pumping Silver Squeeze Segments: --- https://t.co/FggqKtECQv --- US Inflation now worse than South Africa
re: #Silver $Silver #Bullion $PSLV >>> $SLV $SIVR#SilverSqueeze https://t.co/iBqOU8fExg pic.twitter.com/Mpl5vCubV8
— James Anderson ▂▃▅ #SilverSqueeze (@jameshenryand) July 13, 2021 The following clip is courtesy of this week’s PBS Frontline documentary on the outsized power the private US central bank has over average citizens' lives at the moment.
Here is one of its most apologetic Fed employees, Need Kashkari, shirking responsibility for the supposed regulatory mandates the Federal Reserve is mandated to fulfill.
FULL supposed critical FEDERAL RESERVE PBS FRONTLINE doc link below
Kash Carry stars as just another self-interested fake regulator fraudster in motion He plays it perfectly, taking 0% responsibility for their folly leveraging further
Yet another Financial Crisis is inevitable https://t.co/d8cveT7kDW pic.twitter.com/JUq96V1gds
— James Anderson ▂▃▅ #SilverSqueeze (@jameshenryand) July 15, 2021 Pam and Russ Martens of WallStreetOnParade.com point out that over the last 15 and one-half years, the Federal Reserve has approved 3,576 bank mergers. It has denied not one proposed bank merger in the last more than a decade and one half of time.
They go on in this Federal Reserve failure to regulate article. Stating that, the:
"decline in the number of overall banks fails to capture the gargantuan concentration of assets at just four banking behemoths: JPMorgan Chase, Bank of America, Wells Fargo, and Citibank. According to the March 31, 2021 report from the Federal Reserve, just four banks own $9 trillion in assets of the total $22.56 trillion in assets owned by all 4,978 federally-insured banks and savings associations in the country.
To put it more poignantly, those four banks represent just 0.08 percent of all the banks in the country while controlling 40 percent of the assets."
And now the fiat Federal Reserve is pushing for a new fiat Central Bank Digital Currency unit, often called FedCoin, which will likely result in even more bank concentration once it begins being issued likely later this decade.
BIS' Agustín Carstens is a great #Bullion salesman
Here is he was talking about Central Bank Digital Currency #CBDC and #CrossBorderPayments killing cash, giving gov't central banks near-total control --https://t.co/40TQWO37Yd https://t.co/FYrpZZmSTq pic.twitter.com/EhNzYdBSf2
— James Anderson ▂▃▅ #SilverSqueeze (@jameshenryand) October 30, 2020 To end this week's SD Bullion update on brighter news and trends building.
The central bank of Brazil continued the trend of the emerging market country's going long gold bullion reserves adding 41.8 metric tonnes to its Official Gold Reserves in June 2021.
To put that gold bullion buying into perspective, that is akin to buying 3,600 of these 400 oz gold bars you see here.
In terms of the largest net monthly gold bullion reserve buying, six to seven of the largest ten gold bullion buys have happened in the last few years. This trend is unlikely to slow, in other words.
1 yr base for higher $Silver prices being built... https://t.co/IwPxNDWvE2 pic.twitter.com/hbIi1OUYdb
— James Anderson ▂▃▅ #SilverSqueeze (@jameshenryand) July 14, 2021 Turning to the base that the spot silver price has been building over the last near one year of time, my belief is it will ultimately be resolved in the medium and longer-term, strongly to the upside.
I say this confidently, knowing that silver's aggregated eastern trading price is still hovering around $226 fiat Federal Reserve notes or fiat US dollars per troy ounce.
Go back to the start of this article, and see the first embedded tweet, to see this east vs. west silver price discovery chart in both a non-logarithmic and logarithmic scale.
I contend that the RED silver spot price will again meet the BLUE eastern aggregated spot price from 2006-2008 and in early 2011.