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Looking At Silver

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#81
FWIW (dyodd)

Silver Bullion Prices Set to Soar
GoldCore

Wednesday, October 18th

Silver bullion prices are expected to jump as solar and smartphone demand rises and the Fed tries to stave off economic weakness

by Myra Saefong via Barrons

Gold prices have far outpaced gains in silver so far this year, but silver will emerge as the winner for the second year in a row.

With a per-ounce price of $17.41 for silver futures as of Friday, analysts say the white metal is poised for a big climb, particularly as the gold-to-silver ratio stands well above historical averages. “Silver is definitely undervalued compared to gold and as a stand-alone investment. I consider it likely to be the most undervalued asset in the general investment markets,” says Paul Mladjenovic, author of Precious Metals Investing For Dummies.



The best barometer of its potential gains comes from its value relative to gold. The long-term average gold-to-silver ratio runs around 15 to 1, while the modern average going back a century is roughly 40 to 1, says Mark O’Byrne, research director at precious-metals storage provider GoldCore. The ratio, which reflects how many ounces of silver bullion it takes to equal the value of one ounce of gold, stood at a whopping 75 to 1 on Friday.

That steep ratio suggests “it’s a good time to buy silver bullion,” says O’Byrne. He explains that the “huge amount of silver used up in industrial applications” suggests the ratio should fall over the long term: “It’s likely that the gold/silver ratio will gradually return to below the 100-year average of 40 to 1.” At the current gold price, that would put silver at nearly $32 an ounce, O’Byrne says.

So far this year, however, prices of gold futures have risen nearly 12%, while silver has gained roughly 6%. Last year, silver’s climb of about 16% outpaced gold’s rise of almost 9%.

“Silver isn’t keeping pace with gold because the market perception is that gold is a safer play, while the market perceives silver’s role as exposed to economic weakness. But as inflation heats up, more of the public will realize silver’s second role as a store of value and inflation hedge,” says Mladjenovic.

Gold is viewed as more of a “pure monetary play, so as more difficulties emerge with paper assets,” such as currencies and debt, “gold will hold up well,” he adds. At the same time, silver, which is a smaller market, has “greater ties to industry,” notably in tech products like smartphones and solar power, and “will do well as markets see greater demand in those sectors.”

The main reason gold has outperformed silver this year, however, is the U.S. dollar, says Brien Lundin, editor of Gold Newsletter, noting, “Gold and the greenback have been trading in a very close inverse correlation for about the last two years, and the relationship has only grown closer this year.”




THE DOLLAR, AS REPRESENTED
by the Intercontinental Exchange’s U.S. Dollar Index (ticker: DXY), has fallen 8.8% this year because of “underlying skepticism” about the Federal Reserve’s ability to keep raising rates, says Lundin. “Even the Fed admits a new-normal rate environment would mean a federal-funds rate of around 2.5%. Balance that against its goal of 2% inflation, and you see they [the Fed] want an ultralow real-rate environment that would be bullish for gold and bearish for the dollar,” he adds. Traders in the fed-futures market still overwhelmingly expect a quarter-percentage-point interest-rate hike at the central bank’s December meeting.

If or when that happens, silver will post the bigger gain. GoldCore’s O’Byrne expects gold to finish the year above $1,300 an ounce, for a gain of roughly 13% in 2017. Silver, meanwhile, is set to test $20 an ounce by the end of this year, and close above $19—representing a “healthy” 20% gain for the year.

MYRA P. SAEFONG is a commodities writer for MarketWatch

News and Commentary

Goldman Sachs Says Gold Is Better Than Bitcoin (Bloomberg.com)

Gold prices inch up from one-week low (Reuters.com)

Dollar Rallies on Fed Outlook as Dow Tops 23,000 (Bloomberg.com)

U.S. import prices surge 0.7% in September (MarketWatch.com)

Gold options trading begins in India (IndiaTimes.com)


Source: Bloomberg via UK.investing.com

Buy Platinum – It Is a Good Time To Buy (MoneyWeek.com)

Gold’s Pariah Status Is Music To Our Contrarian Ears (Gold-Eagle.com)

Everything Is Crazy and the Markets Aren’t Freaking Out (Bloomberg.com)

We Don’t Know How to Replace the Great Big Gold Deposits From the Past (FUW.ch)

Give the gift of Smithsonian magazine for only $12! (Smithsonianmag.com)

Gold Prices (LBMA AM)

17 Oct: USD 1,289.70, GBP 973.47 & EUR 1,097.02 per ounce
16 Oct: USD 1,305.15, GBP 981.08 & EUR 1,107.03 per ounce
13 Oct: USD 1,293.90, GBP 972.88 & EUR 1,093.73 per ounce
12 Oct: USD 1,294.45, GBP 977.96 & EUR 1,092.26 per ounce
11 Oct: USD 1,290.20, GBP 978.62 & EUR 1,091.90 per ounce
10 Oct: USD 1,289.60, GBP 977.77 & EUR 1,094.61 per ounce
09 Oct: USD 1,282.15, GBP 976.23 & EUR 1,092.01 per ounce

Silver Prices (LBMA)

17 Oct: USD 17.11, GBP 12.96 & EUR 14.55 per ounce
16 Oct: USD 17.41, GBP 13.09 & EUR 14.75 per ounce
13 Oct: USD 17.20, GBP 12.94 & EUR 14.55 per ounce
12 Oct: USD 17.20, GBP 13.06 & EUR 14.50 per ounce
11 Oct: USD 17.15, GBP 13.00 & EUR 14.51 per ounce
10 Oct: USD 17.12, GBP 12.98 & EUR 14.53 per ounce
09 Oct: USD 16.92, GBP 12.86 & EUR 14.41 per ounce

http://www.goldcore.com/us/

SilverSeek.com

http://silverseek.com/article/silver-bullion-prices-set-soar-16908
 

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#83
The BIG Lie About Silver Supply!
SalivateMetal


Published on Nov 4, 2017
 

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#87
Has Silver Lost Its Luster?
SalivateMetal


Published on Nov 30, 2017
 

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#88
Has Silver Lost Its Luster?
SalivateMetal


Published on Nov 30, 2017
I don't know if silver will ever again be officially sanctioned federal regime currency, but I do think silver is unique in the way it's treated. As far as I can tell there's no other commodity that continuously drops in value relative to the US dollar. Silver has lost 66.8% of its value relative to the US dollar since 1980. This year alone silver has managed only a pathetic gain of $.11(+.7%) vs the US dollar...even while the US dollar has lost 9.95% of its value relative to other fiat currencies.

Either there's a whole lot more silver in existence than I've been told or some very powerful entities hate the stuff and actively seek to suppress the price of silver.
 

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#89
How Low Will Silver Go?
Silver Fortune


Published on Dec 7, 2017
As silver falls below $16, how much further can we expect it to fall?
As we head into 2018, where are precious metal prices heading?

Support my work on Patreon: https://www.patreon.com/silverfortune

Or... Support my channel by buying silver that you were going to buy anyways! 10 oz. silver bar at spot at SD Bullion (must be logged in for code to work): https://sdbullion.com/sf

-Correction: The last video of this topic was published in May, not July, of 2017.
 

skyvike

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#90
I think I understand the consistent drop in silver prices.

After the coronation of silver as "King" by Regent of the Crown, gkhan, the general trend of prices has been up.

After his departure from our Au/Ag Universe, prices have tumble consistently.

The solution to the slump?

BRING BACK GKHAN!
 

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#94
One of the gems of wisdom I heard while trading futures long, long ago in a galaxy far, far away: Never sell a sleepy market short.
 

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#95
Silver Production: HUGE Worldwide Increase But U.S. Lacking
SalivateMetal


Published on Dec 18, 2017
 

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#96
From the it's mad scientist time file...........

Extracting SILVER From Laundry Wastewater & Why It's Important
SalivateMetal


Published on Dec 21, 2017
 

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#98
2 BIG Reasons Why Silver Price Could Rise In 2018
SalivateMetal


Published on Dec 27, 2017
 

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#99
More Government Spending Will Be Good for Silver
Silver Fortune


Dec 26, 2017

The new infrastructure spending bill, and how it will affect the silver market.
 

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Is a Pure Silver Bar Bullet Proof??? Super Expensive!!!
DemolitionRanch


Published on Dec 31, 2017
 

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Silver Created the Greatest Transfer of Wealth in History To-Date
Rory Hall

Thursday, January 4th


The past few days I have been reminded of how important silver is to our world and how silver is the one asset the world needs in order to function to a high level. Actually, silver is necessary for our world to function at even the most basic level where power/energy/information is running through wires. Silver makes it possible.

With all these Western nations, basically, invading, destroying China were about silver. China was importing all the worlds silver even though they had no natural mines they owned 25% of the worlds silver. England had massive trade deficits with them. When England couldn’t balance it back because the Chinese didn’t want the British finished goods they (Britain) imported opium into there and destroyed China. Which led to the rise of Mao and communism and all this other stuff. ~Chris Duane, The Daily Coin

Sitting down with Chris Duane, Silver Shield Xchange and Mini-Mintage, is always an interesting ride. His passion runs so deep it becomes a challenge to keep his feet on the ground, so why not just let him run?

The illusions of wealth that are the cryptocurrencies are going to begin working their way out of my conversations. I don’t trust them, I have documented the dangers they represent as a tool of the banking cabal and a tool of enslavement. The banks are working on their own version that will supersede any and all privately issued cryptocurrencies and the private issued cryptos will be outlawed and taxed into oblivion. This is not a conversation that I wish to participate as it seems to be more productive to discuss how to move our community forward and protect our families and our wealth.

If we look back in history we can see the importance of silver in the monetary world. The two most populace nations in the history of the world were stripped of their silver and forced onto the planation of the Western world fiat currency ponzi scheme. This enslavement, after more than 150 years, is coming to an end. China and India are rapidly moving back onto solid ground, financially and economically. It is only a matter of time before both of these nations are driving the global economy as they did prior to the opium wars and being completely stripped of their silver. It was silver, not gold, that drove the economy and created massive growth within nations.

With the mining industry being stagnate for the past 5-6 years the capital inflows will take another year to begin fueling the fire necessary to see real movement in the mining industry. Add another 4-5 years or longer, to bring enough of these new mines to full production and the supplies of silver and gold could very quickly tighten forcing both metals to begin posting higher benchmarks to meet the demand within limited supply chains.

Will this happen? Only time will tell wether the banking cabal’s grip on the precious metals market can be broken. We believe it is already breaking down. We believe the rise of the Eastern nations will continue forcing the hand the Western “developed” nations that have only been able to react to the moves being made by the Eastern “emerging” nations. The Eastern nations are putting all the new technology to work. You can see it in the airports, train stations, roadways and every aspect that touches the lives of the citizens of these nations that have embraced the 21at century. The Western nations are still relying on 1950’s airports, train stations, roadways and other technologies that touch the lives of their citizens. Look around and tell me that I’m wrong.

YT Comment

I don’t care what name you put on it (cryptocurrency/dollar/yuan/etc) and how you spin it. It’s still a debt based system. Until you back it up with tangible assets, like silver where people and governments would have to stay within their budgets, because of the silver they hold for true silver-crypto’s. Gold would back the silver.

Silver is a vital element. Stacking physical silver should be a no brainer for anyone that has a basic understanding of what is happening in our world today. Cryptocurrencies are not tangible and have no value to any economy or monetary system – they, literally, have no value. Replacing one illusion of wealth with another changes nothing and benefits no-one. Silver, tangible wealth with intrinsic value, replaces illusions of wealth with real wealth.

The greatest wealth transfer in history is happening right now and will surpass the wealth transfer created during the opium wars. It is not in the future. As a matter of fact it was noted last year on January 15, 2017 that we learned the World’s eight richest people have same wealth as poorest 50%. That’s not tomorrow, that’s yesterday.

The world’s eight richest billionaires control the same wealth between them as the poorest half of the globe’s population, according to a charity warning of an ever-increasing and dangerous concentration of wealth.

In a report published to coincide with the start of the week-long World Economic Forum in Davos, Switzerland, Oxfam said it was “beyond grotesque” that a handful of rich men headed by the Microsoft founder Bill Gates are worth $426bn (£350bn), equivalent to the wealth of 3.6 billion people. Source

Protect yourself, realistically, and do it today. The transfer of wealth never sleeps. You do what is best for you and your family. We are stacking a few ounces of silver and little gold when our budget allows. We see this as being one the best, most proven ways to protect our wealth from TriEvil.


https://thedailycoin.org/2018/01/04/silver-created-the-greatest-transfer-of-wealth-in-history-to-date/

SilverSeek.com

http://silverseek.com/article/silver-created-greatest-transfer-wealth-history-date-17034
 

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Stolen 18th Centurty Church Silver Found
SalivateMetal


Published on Jan 5, 2018
 

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937.20 Ounce Johnson Matthey Silver Bar
SalivateMetal


Published on Jan 9, 2018
 

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Why 925 Silver is Useful in 3 Influential Industries
SalivateMetal


Published on Jan 10, 2018
 

stAGgering

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A breakout from that medium term wedge you have drawn... what do you see?

Futures close approaching, silver turns down... to $12... HA!
So much liquidity everywhere but the metals, but overflow gots to go somewhere.
Bet the price drops to touch the bottom of the flag with futures looming.
 

axstone

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Futures close approaching, silver turns down... to $12... HA!
So much liquidity everywhere but the metals, but overflow gots to go somewhere.
Bet the price drops to touch the bottom of the flag with futures looming.
Maybe, lets wait and see
 

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FWIW.............

2018 Silver Market According to The Silver Institute (and Silver Fortune)
Silver Fortune


Published on Jan 19, 2018
What will drive the silver market in 2018, including supply, demand, mining, investment demand, and more!
 

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Silver as a Strategic Metal and Why Prices Will Soar
Jim Willie CB

January 20, 2018 - 1:21pm


The arguments in favor of silver as an investment asset are growing rapidly. In the opinion of the Jackass, silver is the most under-valued hard asset in existence, with the highest potential for price appreciation on the globe. To begin with, central banks own no silver, but do own huge tracts of gold. Industry has huge demand for silver, but a trifling amount for gold demand. The investment demand is another key factor in favor of silver, but also for gold. Ever since the tech telecom bust in 2000, the precious metals growth curve has been evident. Ever since the subprime bond disaster in 2007, followed by the Lehman strangulation in 2008, the precious metals growth curve has continued. It is suppressed like holding back a team of six stagecoach Clydesdale horses by simple leather straps held by mere men with computers on their backs. Ever since the QE inflation policy of monetizing the USGovt debt, the monetary role of Gold & Silver has never been more acute in modern history. But silver offers much more.

MONETARY ABUSE

Since 2012 with the African style monetary policy, also shared at times by South American nations, the US Federal Reserve has been forced to succumb to hyper monetary inflation of the unsterilized variety. It is the most dangerous form of monetary policy to adopt, a sign of utter desperation. With the desperation has come astonishing price capping of the precious metals market, while at the same time reliance upon isolated wars to steal central bank gold at vaults of defenseless nations. The effect upon economies, hardly ever spoken of by the devoted lapdog financial press, replete with their drone message of a fake sluggish recovery, is for profound capital destruction after seven full years of liquidity spew. The economic stimulus will find even more monetary abuse from greater deficit spending, thus more motive to own precious metals. To be sure, the QE bond purchase initiative is kept within the financial sector for service to the banker masters who have captured the USGovt. This is self-dealing on its face. However, hyper monetary inflation always causes capital ruin in an assured sequence, which cannot be averted, even by Fascist Business Model dictums and propaganda.

The response to monetary abuse has always been a return to honest money and viable sound monetary systems. This time will be no different, in its return to Gold & Silver as foundation, except that the movement will come from the East, led by a global insurrection. The West can join the strong sturdy secure movement, or be left behind. Even England recognizes the shift in global winds, eager to build the RMB Trading Hub in London. The Chinese are leading the global reform movement, and are likely to encourage the growth of the German RMB Hub in Frankfurt. The Germans have significantly more trade with Russia & China than the fascist core in London Centre, offering excellent leading edge product lines and world class engineering which the British cannot ever match.

BROKEN METERS

If QE were indeed stimulus, then the USEconomy would have responded after a couple years of the wretched cursed policy at work. It serves Wall Street and the banking sector, and nothing else. The capital ruin and damage are evident in the constant negative GDP (with proper inflation adjustment), the high jobless rate, and the hopelessly rigged financial markets. The USFed has no business propping up the stock market or the corporate bond market, nor the crude oil market. But they have seen fit to consider stocks and crude oil as critical assets, and thus in need of support (to be read as price rigs). The effect of seven years of QE has been a bloated balance sheet at the USFed with $4.5 trillion in toxic assets. The leading toxic asset is the pristine AAA subprime USTreasury Bond. In the last week, China has just downgraded the USGovt debt to a B type grade, which means non-investment grade. In order to keep it all in check, all under control, the USFed must resort to coordinated efforts. They use QE to purchase bonds that are being dumped for foreign creditors. They also use Interest Rate Swap contracts to fabricate fake bond demand, with the levers held at the Exchange Stabilization Fund operated by the dutiful corrupted USDept Treasury. The ESFund is multi-$trillion machinery.

If the entire QE process were stimulus, then the resulting Money Velocity would not be in such dire condition. It was in decline until the Lehman subprime events in 2008, and it continues in decline since QE was put into force in 2012. Perhaps it creates stimulus to the bond market, but nothing but a gigantic wet blanket on Main Street and the tangible USEconomy.





No single graph demonstrates the failure of monetary policy more than this Money Velocity horrendous decline. That is why it never appears in the Wall Street Journal or New York Times, but the Golden Jackass site shows it periodically as a measure of failure. When the toxic vat of the USFed balance sheet reverses, along with those of other central banks, the flow will be from sovereign bonds (like the USTBond) into gold bullion. The trend will be to replace the global banking reserves with hard assets like gold bullion. Both Gold & Silver will become monetary metals. However, a whiff of something very new and refreshing is in the wind. Silver might instead become a core strategic asset for the energy sector, thus binding with the monetary role of Gold. The Paradigm Shift is to have an energy angle, and silver is at its core. Note the parallel from the Petro-Dollar, where the USDollar was intricately linked to the energy sector.

FRACTURES AND REBELLION

Ten years of tremendous monetary expansion should have been accompanied by ten years of gold price appreciation to keep pace. Instead profound price suppression has been enforced. It is breaking down with the bust of the Petro-Dollar, and the dismantled derivative structures that have held the USDollar, the USTBond, and crude oil together. Both Japan and China have halted USTBond purchases. Now Germany is shedding USTBonds in favor of RMB-based sovereign bonds. They talk little of adding gold bullion, since such news cannot be cited in the Western press by fascist fiat rules. Such might be deemed financial terrorism by the Washington fascists. The straw dog argument should always be noted, then dismissed as absurd. Critics claim that there is inadequate Gold & Silver supply to match the rising money supply, the monetary aggregate. They claim the money growth was necessary and urgent in order to manage the global financial crisis that they created in 2007 and 2008. Hokum! There is plenty of Gold & Silver to cover the huge amount of money growth in the last several years, provided the precious metals prices are multiples higher. It is coming like day follows night, as the banker cabal cannot hold back the coiled spring.

The rise of the non-USD platforms is very powerful and gaining enormous momentum. While the United States is busy igniting wars like in Ukraine, Syria, Djibouti, Yemen, with furtive efforts to engage armed conflict in more nations like Iran, North Korea, and the South China Sea, the Eastern Hemisphere has gone on strike with respect to the King Dollar Court and its not so hidden war of terror in the currency defense. The lost global currency reserve is near, the movement having gained momentum in the last two years. It seems the eastern response to the Ukraine War plus the Iran squabbles, has been to build non-USD platforms and to construct workarounds for the feeble sanctions. See the Jackass article from December on the topic, entitled “The Integrated Non-Dollar Platforms” (HERE). Clearly the United States is using war to defend the USDollar, a development which will not stand and cannot continue. When the Jackass made the war defense forecast back in 2005, it was considered foolish and silly. Not anymore! The rebellion from the East will be coordinated, broadbased, and severe in its effect. The paper mache armor constructed by the fascist tagteam of the USFed and USDept Treasury cannot stop a bullet, cannot avoid fire, and cannot serve in the financial war. The rise of non-USD platforms is the battle cry waged against the King Dollar, whose financial war takes place in the global seas of false liquidity poured out by the banker cabal and subservient central bank franchise system.

With a weak economy, gaping $trillion deficits, rigged financial markets, permitted sovereign bond fraud, dependence upon QE inflation, rejected global trade unions, the Eastern resistance is clear. Furthermore, the Belt & Road Initiative, combined with numerous non-USD platforms, signals the united rebellion. The global system will endure fractures with the broader trade payments done outside the USDollar, the rise of the RMB-Oil-Gold contracts in Shanghai, and the upcoming China-Saudi oil purchases in RMB terms. Next on tap is the introduction of the Gold Trade Note, expected to be built atop the Shanghai integrated contracts. The RMB Trading Hubs will also feature Panda Bonds, where foreign entities like the Italian Govt can issue bonds to finance deficits in RMB terms, thus attracting Chinese investment with no currency risk.

Two extremely important developments have captured global attention in the last couple weeks. US allies are buying crude oil in Euro terms, which should enrage Washington. The effect is to bring about a USD index decline and rise of the Euro. It is almost comical, since the European Economy generally is not chugging along with any gusto whatsoever, outside the German border. But the effect is on financial markets, not the economy. The EU will suffer on its export trade, just like in 2009 before the Euro Central Bank caved in to reduce interest rates (a correct Jackass forecast). The second important development is more psychological in its financial warfare. The exposure of gold vaults by Russia and China serves as a challenge to the Untied Socialist States to match the challenge. The USGovt gold reserves are vacant, as Fort Knox serves as a nerve gas warehouse with a couple barrels of old gold coins in the dusty corner. To be sure, the Gold Standard is coming from the Eastern corridor. The Global Paradigm Shift is well along in the great transition. The Gold Trade Note will supplant the USTreasury Bill in trade payment. The CIPS bank transaction system will work around the abused SWIFT system. The vast multi-$trillion cornucopia of Eastern infra-structure projects linked to the Belt & Road Initiative will continue unabated, uninterrupted, and unrivaled in human history.

The global rebellion will take place in the form of trade payment done outside the USDollar, and sharp reductions in USTreasury Bonds held in banking systems. When the USDollar loses the bulk of its global currency reserve status, its privileges and deep advantages will fall away. The people will not recognize the lost reserve factor, but they will surely notice the powerful profound pervasive effects. They will come in the form of price inflation entering the room from the imported channels. They will come in the form of supply shortage from rejection of USTBills in trade payment at port facilities. They will come in the form of social disorder as a result of inflation and shortage. The public response will be a vast torrent to purchase silver in protection, which could become a matter of survival. The more wealthy will prefer to protect their fortunes with gold. In times of great crisis, expect silver to be used to purchase the standard items like food, fuel, and rent. Expect gold to be used to purchase cars, homes, and businesses. The coming crisis from the lost USDollar reserve status is inevitable. It demands preparation. It will mark an important turning point in US history.

PEP TALK ON PRECIOUS METALS

For those losing faith from multiple years of suppressed Gold & Silver prices, take heart. The Voice responded to a sequence of probing Jackass questions with a firm statement founded in hope, confidence, pointing to a new dawn in financial structures. It is next to impossible to explain to people how things are going to unfold if they do not understand the concept of mal-investment and the difference between currency and money. The ZIRP exhibits the distortions in faulty investments from zero percent money, while QE exhibits the distortions in pure bold rabid inflation. Precious metals are unique, serving as the only true store of value, standard of value and measure of value, besides being a medium of exchange. If one has physical metal stored and understands the inherent control with its direct access at any given moment, it has been and remains the safest way to protect wealth from the current powerful debasement. While people rush into crypto-currencies, they need to realize that crypto-currencies are not crypto-money yet. Once hard asset backed crypto-money is issued, it will be backed by primarily precious metals, structured on the blockchain technology. Crypto-money will wipe the floor with crypto-currencies and $billions will be lost in the process.

The Voice gave emphasis as follows. “Let me tell you something that you can take to the bank and the vault. The day is close when you will not be able to get any physical metal, and furthermore, its price will go into the stratosphere. Blockchain and crypto-currencies are here to stay. However, crypto-currencies will fall to the wayside, pushed out by crypto-money. There are people who are putting crypto-money structures in place that are based on blockchain technology. They will make precious metals fungible, along with other valuable commodities. This means a de-facto democratization of money free from government manipulation, but most importantly free from inflationary debasement. This will constitute the return to sound money. People who do not understand this concept, following the herds of whatever hype, will get their clock cleaned bigtime. The Bitcoin advocates must be careful to secure their exits in converting to spendable money. The recent crypto craze is a manifestation of the US$ being debased. What we witness is hyper-inflation. One is forced to spend more and more dollars to acquire the array of alternative currencies.”

The Voice expounded on some modern history. His knowledge base is broad and vast, a tremendous advantage to the Hat Trick Letter since 2008, for which the Jackass is deeply grateful. “There are some historically important factors missing in the typical discussions on recent monetary history. The Petro-Dollar issue is certainly important, but it is not the primary issue of concern in the grand geopolitical picture. The real central issue is primarily about the total failure of US foreign policy over many decades, to be precise ever since 1918. It a very complex issue to comprehend and to explain since it requires deep and solid knowledge what really went on during the days when European monarchies collapsed and very different nation states emerged. This all occurred around 100 years ago, and most Americans know extremely little about such complex internal dynamics within Europe. The big political tipping point was the fudged up outcome and end of WWI, hatched in Versailles. Now the chickens come home to roost and it will not be pretty. Washington and London are driven by a perception distorted view and false assessment of global matters and key factors. Their erroneous viewpoints on global matters is absolutely stunning, and extremely dangerous. We are seeing it all unfold, during the Global Paradigm Shift. The disorder could go out of control, with wider war, as the Gold Standard in its many parts and several platforms come into view.”

VIEWPOINT ON FUTURE PATH

The return of the Gold Standard comes finally after a generation of monetary abuse, whose climax is centered upon the hyper monetary inflation conducted by the US Federal Reserve. They have been the bubble meister supplier of first order since the 1980 decade. Stephen Leeb shares his opinion on the future path for gold to exceed $15,000 in the next decade. Gold is gradually being put at the center of trade payment, first with crude oil, then more widely in general trade. Integration within the banking systems would follow. China is on the verge of delivering gold within formal contracts, unlike the cash-trade West. When the $2000 price level is exceeded, made possible by the extremely critical Chinese platforms being rolled out, the Gold Standard will be better understood. Future gold price gains will be the norm, taking the price an order of magnitude higher. The West will require a big nasty learning curve.

Stephen Leeb offered yet another excellent summary of the gold price prospects, its structural linkage to the Chinese development of non-USD platforms, the crude oil market integration, global trade payment systems, and the new monetary system in preparation to replace the current corrupted toxic fraudulent USD-based system. Leeb describes a newly emerging system which will be capable to integrate the Gold Trade Note for global payments. Bear in mind that the Chinese Interbank Payment System (CIPS) is ready, and will supplant the SWIFT payment system in many Eastern locales. Leeb stated the following excerpt three weeks ago.

“Last weekend China ran practice sessions on its prospective oil benchmark. So far, there are no reports on whether the authorities were satisfied with how they went. But I have no doubt that China will make the benchmark work and that in the near future the country will initiate an Eastern oil benchmark traded in Yuan. If that trading is successful, as it surely will be, China will start to allow oil exporters, including Russia and Saudi Arabia, to export gold from China, something that currently is forbidden. That is a necessary step to having gold backing for the Yuan used to trade gold. The new Eastern benchmark will quickly become more important than Brent crude or West Texas Intermediate. That is because the East’s economy is both larger and faster growing than the West’s. Moreover, oil is a bigger component of the East’s GDP than the West’s. This will make it natural for trading in Yuan to expand from oil to other commodities and eventually to all trade in the East.

As this process unfolds, Gold will become a central cog in the trading of the world’s most vital commodity, then a central cog in all commodity trading, and finally a central cog in all trade. In the final shape of the new order, I expect that trading will be conducted in a basket of currencies, such as the SDR [IMF’s Special Drawing Rights], to which gold has been added as a component. And that is when I would look for the truly explosive gains in gold to begin, although the uptrend is likely to start sooner as investors anticipate these changes and their impact on the metal.

Some quick back-of-the-envelope calculations show Gold’s potential. A reasonable estimate is that around 50,000 tonnes of gold are available for monetary purposes. The bulk of gold, about 120,000 tonnes, is held as jewelry or private investments. At current prices the value of potential monetary gold is about $2 trillion. The value of world trade is about $20 trillion (the average of exports and imports). If monetary gold is used to back up trade, that would drive gold up 10-fold. If some countries chose to use gold internally, the rise would be substantially more. And as world trade continues to grow, gold’s price will keep rising after the initial RESET. If you are betting on gold reaching $15,000 to $20,000 an ounce within the next decade, you would get no quarrel from me. I expect the markets will anticipate much of the RESET and rally in advance. By the time gold passes its all-time nominal highs of roughly $1900 per ounce, it will be evident the metal is assuming a much more important role in world trade.

There is more reason than ever to believe China is ready to move forward with its long-planned goal of establishing a new monetary system centered on Gold and downplaying the USDollar. The point of inflection is at hand. Gold has made a bottom, and as China pursues its Petro/Yuan/Gold plans, Gold will start to fly. I would give odds on new highs by 2020 and on five digits before 2030.”

A Hat Trick Letter client, preferring to remain anonymous in today’s dangerous world where whistleblower efforts to expose corrupt leadership are labeled as espionage, offered the following excellent perspective. Goldman put out a gold positive article recently, but they are missing a very important point. In debate, is the real price of gold today, with all manipulative pressures from central banks and speculators aside. Goldman does not address the fact that the global gold market, including the LBMA, where over 95% of the trading is in unallocated paper gold. It constitutes a fractional reserve system, in which the ratio of paper claims to actual physical bullion was estimated by the Reserve Bank of India at 92 to 1. Such a ratio of paper gold to physical bullion means there is 92 times as many paper contracts outstanding as there is physical gold to cover them. If such manipulative speculation were eliminated, and these speculators forced to cover, the gold price would be free shoot upwards of 92 times in value. That would make gold close to $120,000 per ounce today! Just a thought. Continue on the base end. The USD-based money supply has risen 5-fold since 2009, given the major central bank monetary expansion without restraint. Use the gold price at that time for the calculation. Therefore napkin math means $1300 x 5 = $6500 per oz gold. Just a rough very conservative baseline. Establish the center by considering a roughly $60 trillion total USGovt debt liability, perhaps 30 times the current money stock. That would indicate a $30,000 gold price. Much higher gold prices are coming, along with silver. So many critical energy applications will rely upon silver, that it might be taken off the market for strategic purposes. Its price could be set well over $200 per oz.

U.S. LOST CONTROL OF SILVER MARKET

The United States is fast losing control of the silver market, from a production standpoint. The US is a minor silver producer, yielding to Mexico. The US has yet another example of the paper tail wagging the dog, but where the US is no longer a major player in the silver global output. Control is shifting elsewhere, to its producers, and to precious metal advocates. A little more than a century ago, the United States was the largest silver producer in the world. In 1915, the US produced 75 million oz (Moz) of silver out of the total 189 Moz mined in the world that year. The US had produced 40% of all world silver production, a giant in the sector. Mexico came in second that year by producing 39.3 Moz. In the last century, the US output in silver has been cut in half. The US silver production in 2017 will only be 34 Moz versus the estimated 870 Moz globally. The leading silver producing nation is Mexico, whose annual output has moved from 165 Moz three years ago to an expected 200 Moz by year 2020. Thus, US silver production only accounts for 4% of world mine supply versus 40% back in 1915. The US cannot control the price against world market pressures.

Lastly, the United States imports approximately 22% of world silver mine production each year, a total of 193 Moz of the total 870 Moz in 2017. While domestic mine supply is only 34 Moz, the United States has to import more than a fifth of global mine production to meet its silver market demand. Again, the US cannot control the silver price against world market pressures. See the SRS Rocco research site for an abundance of his excellent analysis (HERE). His work is regularly featured on the Hat Trick Letter. His most recent work is on the Eastern accumulation of precious metals, while the United States flows into the stock and crypto markets, like deceived sheep. The solution to the unresolved financial crisis is hard assets, not yet more fiat substitutes. Any competent silver research should include his work. SRS Rocco has done significant analytic work on the crude oil and shale sector also, bringing reliance to the EROI concept of energy return on investment. It has recently turned negative, thus unproductive.

THE SCRAP SILVER INDICATOR

Scrap silver has vanished, a great indicator at the margin in this highly important market. Industrial demand has been relentless, enduring, and constant. It has drained the USGovt silver stockpile, reported to once being six billion ounces silver, acquired by US President Teddy Roosevelt. He had vision, and recognized real money and commerce. He built the strategic stockpile for both monetary and military purposes. He acquired and had built the Panama Canal. Today’s presidents are fully committed to predatory wars, fascist political structures, narcotics trafficking, currency pegs, banker privilege, and bond fraud. When the United States and other countries stopped producing official silver coinage, it was not due to any monetary conspiracy. Rather it was based on a straightforward problem framed in terms of Supply vs Demand. Because industrial silver consumption had skyrocketed after World War II, the silver market would have suffered deficits if the USTreasury did not sell silver into the market. A silver shortage was acutely evident, which made clear its strategic importance. In response, governments started to reduce, then to eliminate silver from their coinage in the 1960’s. Much of this silver, known as junk silver, was either purchased by investors or re-melted and sold back as supply into the market as bars. The majority of it was recycled for much-needed supply, while junk silver supplies have been fast vanishing. One can easily see the dwindling down of government stocks and older official silver coinage in the following chart. The margin of the silver supply is disappearing, thus creating an exacerbated silver shortage. The Jackass prefers to reverse the Rocco color scheme in his excellent chart. Notice the absent blue bar component since 2013, from no more official silver sales. The USGovt is heralding a severe silver shortage.



In 2007, total Official Silver Coin sales only totaled 45 million ounces (Moz), but this number surged to 135 Moz in 2015. From 2007 to 2017f (f = forecast), Official Silver Coin sales totaled 1045 Moz (over 1 billion oz). If the official coins sold since 2000 were included, the grand total would be nearly 1.3 billion oz. The key fact to take away concerning the 1.3 billion oz of Official Silver Coin sales is that this investor inventory will likely never be recycled as scrap to supply the market. Furthermore, the majority of the 1-oz to 100-oz silver bars will never be recycled as scrap either. While it is true that both official silver coins and bars will be sold back into the market, they will be repurchased by other retail investors. Thus, the majority of silver investment inventory is locked out as a future source of supply for the global fabrication demand. According to the Metals Focus 2015 Report on The Silver Scrap Market, only 3.5% of total scrap supplies in 2015 were from recycled coins. Furthermore, the majority of that scrap coin supply came from older unsold European official silver coins and blanks. Of the total supply of silver scrap in 2015, 55% was from recycled industrial scrap, 17% from Silverware, 14% from Photography, and 10.5% from Jewelry. The other implication is that collector edition coins will rise sharply in value.

What is quite interesting is that most silver jewelry is not recycled. The low price of silver jewelry does not motivate holders to haul it down to the pawn shop for cash redemption. For example, only 8% of total silver jewelry demand in 2015 was recycled. However, industrial silver recycling amounted to 18% of total industrial silver consumption in 2015. If recycled silver is included from photographic usage, the total amount increases to 20%. In conclusion, the investor has removed a certain amount of silver from the market. A large percentage (95-97%) will likely never be recycled and used as a future supply for global silver fabrication demand. Therefore, any increase in global silver fabrication in the future will be met by stagnating or falling supply as world mine production continues to decrease while scrap supply remains subdued. See SRS Rocco article (HERE). He is frequently quoted for his superb work on the Hat Trick Letter reports.

SILVER IS UNIQUE

For well over a century, scientists have strived to find another metal or another compound to replace silver in many unique applications. It is rare among metals and short in supply. Silver is mined between 9 and 11 times the volume of gold. Certain characteristics include light sensitivity, electrical conductivity, heat conductivity, malleability, contact resistance, and viral resistance. The list is long for its unique applications, like photographic development, electrical circuits, battery storage, jewelry, cutlery, metal alloys & cements, mirrors, industrial powders, and high-powered explosives. More recent applications include infection & burn treatments (biocides), lumber anti-insect treatment, and solar photo-voltaic panels. It seems the rate of new usages far outpaces the decline in photographic usage, as it yields to digital cameras. However, these cameras contain silver also in their internal circuitry.



Notice in the periodic table of the elements, the unique and important column of precious metals. The lightest metal in the special column is Copper (Cu). Each row represents the heavier elements, noted in a higher atomic number. The next heavier metal in the special column is Silver (Ag). The heaviest metal in this truly remarkable column is Gold (Au). All three metals in irreplaceable in their own right. Nothing is better on a cost-effective basis for electrical distribution than copper metal. Nothing is better for numerous applications than silver metal. Nothing is better for the timeless fungible, semi-inert, store of value than gold, used as money for thousands of years.

NEXT GENERATION ENERGY SYSTEMS

The storm centered upon silver is coming. Expect the silver market to undergo vast changes, whereby the majority of supply will be removed from the market since too valuable. It will before long be considered of strategic importance by numerous governments. It will be hoarded by nations, kept for energy systems, even weapon systems, and be stored as a national security asset. For instance, the US Cruise missile contains something like 30-31 lbs of silver, required for its guidance system. Stockpiles will be formed with renewed emphasis. New energy next generation systems, coupled with data communications networks, will have silver at their core. They will have silver at the center in almost every display upon rollouts, amidst publicity and national pride for the development. Russia will play a leading role.

As preface, publicity is warranted for a new next generation communication line which is likely to supplant and replace the fiber optic technology which came onto the scene in the 1980 decade with significant volume. Reports have begun to surface, written and otherwise, that silver strands will be capable of passing ten times the bandwidth versus fiber optic. The demand for new global layouts will be in the high tonnage per year. Just as CMOS technology brought about a quantum leap in chip processing speeds for computers, the silver strand will bring about a quantum leap in transmission speeds. The hunger for bandwidth will not cease, given the 4G demands with streaming.

Next comes the revelations and publicity of silver for its unique scientific properties, within the new energy production systems. Refer to electric fields, its lone isotope, harmonic frequencies, super conductivity, and associated electricity production. Gold has no known isotopes, but silver has one, a lone isotope which makes it extremely valuable. Expect next the introduction of implosion technology and single point energy output. Field energy through monotonic coating has become highly useful. Electro-harmonic frequencies have been converted to missing electrons, much like an osmotic membrane. The result is an electric field that vectors out, thus producing a flow of electrons (electricity). The energy is produced from a uniquely formed field. Silver can produce a highly efficient level of super conductivity, not necessarily with accompanied cold temperatures. Silver can produce similar electric output from its gaseous form. The super conductivity is associated with anti-gravity systems. Expect it to be combined with electric field-based propulsion systems. Bear in mind that World War II was used to keep some of this special energy technology protected, where many governments still today keep their science secretive. This trend is changing amidst certain accords, led by the Russian scientific community. Silver can be applied in a great many ways, and can be implemented in a broad variety of applications. The future next generation energy systems will have a common ingredient: silver. Please forgive the Jackass in the above explanations. They are being learned on the go by a person with basic broad scientific knowledge, while my specialty is mathematics, statistics, computing, along with finance and economics, not to mention Victoria Secret.

home: Golden Jackass website

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Jim Willie CB, editor of the “HAT TRICK LETTER”

Use the above link to subscribe to the paid research reports, which include coverage of critically important factors at work during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces. The historically unprecedented ongoing collapse has been created by compromised central bankers and inept economic advisors, whose interference has irreversibly altered and damaged the world financial system, urgently pushed after the removed anchor of money to gold. Analysis features Gold, Crude Oil, USDollar, Treasury bonds, and inter-market dynamics with the US Economy and US Federal Reserve monetary policy.

Jim Willie CB is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics. His career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Visit his free website to find articles from topflight authors at www.GoldenJackass.com. For personal questions about subscriptions, contact him at JimWillieCB@aol.com

http://silverseek.com/commentary/silver-strategic-metal-and-why-prices-will-soar-17059
 

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Cooking With Silver
SalivateMetal


Published on Jan 26, 2018
Having a little fun! I hope that's okay.
 

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Silver Bullion: Once and Future Money
GoldCore

Monday, January 29th




“Silver is as much a monetary metal as gold” – Rickards
– U.S. following footsteps of Roman Empire which collapsed due to currency debasement (must see table)
– Silver bullion is set to rally due to a combination of supply/demand fundamentals, geopolitical pressures creating safe haven demand, and increasing inflation expectations as confidence in central banking and fiat money erodes

– “Silver is ripe for a major breakout to the upside in 2018″ – analyst Samson Li of Reuters
– Investors can still buy 99.9% pure one ounce silver bullion coins

“Secular rally in silver bullion is in its early days” and “will be sustained and amplified in the months and years to come”

Editor: Mark O’Byrne



Silver Denarius of Marcus Aurelius via Wikipedia and Silver Eagles (2018) of U.S. Mint

Text by Jim Rickards via Daily Reckoning

The Roman Republic and the later Roman Empire had gold coins called the aureus and solidus, but they also minted a popular silver coin called the denarius. One denarius was the daily wage for unskilled labor and Roman soldiers.

Of course, in the late Empire, the aureus, solidus and denarius were all debased by mixing the gold and silver with base metals. The decline of the Roman Empire went hand in hand with the decline of sound money.

In the early ninth century AD, Charlemagne greatly expanded silver coinage to compensate for a shortage of gold. This was successful in stimulating the economy of the predecessor of the Holy Roman Empire. In a sense, Charlemagne was the inventor of quantitative easing over 1,000 years ago. Silver was his preferred form of money.

Under the U.S. Coinage Act of 1792, both gold and silver coins were legal tender in the U.S. From 1794 to 1935, the U.S. Mint issued “silver dollars” in various designs. These were widely circulated and used as money by everyday Americans. The American dollar was legally defined as one ounce of silver.

The American silver dollar of the late eighteenth century was a copy of the earlier Spanish Real de a ocho minted by the Spanish Empire beginning in the late sixteenth century. The English name for the Spanish coin was the “piece of eight,” (ocho is the Spanish world for “eight”) because the coin could easily be divided into one-eighth pieces.

Until 2001 stock prices on the New York Stock Exchange were quoted in eighths and sixteenths based on the original Spanish silver coin and its one-eight sections.


Click to enlarge. Currency debasement as seen in falling silver purity of the Antoninianus (Wikipedia)

Until 1935 U.S. silver coins were 90% pure silver with 10% copper alloy added for durability. After the U.S. Coinage Act of 1965, the silver content of half-dollars, quarters and dimes was reduced from 90% to 40% due to rising price of silver and hoarding by citizens who prized the valuable silver content of the older coins.

The new law signed by President Johnson in 1965 marked the end of true silver coinage by the U.S. Other legislation in 1968 ended the redeemability of old “silver certificates” (paper Treasury notes) for silver bullion.

Thereafter, U.S. coinage consisted of base metals and paper money that was not convertible into silver; (gold convertibility had already ended in 1933).

Let’s hope that the U.S. is not following in the footsteps of the Roman Empire in terms of a political decline coinciding with the substitution of base metals for true gold and silver coinage.

In 1986, the U.S. reintroduced silver coinage with a .999 pure silver one-ounce coin called the American Silver Eagle. However, this is not legal tender although it does carry a “one dollar” face value. The silver eagle is a bullion coin prized by investors and collectors for its silver content. But it is not money.



Who in their right mind would pay a full ounce of silver for goods or services worth only a buck?

In short, silver is as much a monetary metal as gold, and has just as good a pedigree when it comes to use in coinage. Silver has supported the economies of empires, kingdoms and nation states throughout history.

It should come as no surprise that percentage increases and decreases in silver and gold prices denominated in dollars are closely correlated.

Silver is more volatile than gold and is more difficult to analyze because it has far more industrial applications than gold. Silver is useful in engines, electronics and coatings.

Interestingly, gold is used very little other than as money in bullion form. Gold has some highly specialized uses for coating and ultra-thin wires, but these are a very small part of the gold market.

Both gold and silver are used extensively in jewelry. I consider jewelry to be “wearable wealth” and akin to bullion rather than a separate market segment.



Because silver has more industrial uses than gold, the price can rise or fall based on the business cycle independent of monetary considerations. However, over long periods of time, monetary and bullion aspects tend to dominate industrial uses and silver closely tracks its close cousin gold in dollar terms.

While gold and silver prices have a high correlation, the correlation is not perfect. There are times where gold outperforms silver and vice versa. Right now we are in a sweet spot for silver.

Gold is performing well, and silver is performing even better!

The latest data is telling me that silver prices are set to rally. This conclusion is based in part on a bull market thesis for gold.

Gold staged an historic rally from 1999 to 2011, from about $250 per ounce to $1,900 per ounce, a gain of about 900% in that twelve-year span. Since then, gold prices fell in a 50% retracement (using the 1999 base) and bottomed at around $1,050 per ounce in December 2015.

Secular bull and bear market tops and bottoms are difficult to see in real time, but they become apparent with hindsight. Gold gained over 23% in 2016-2017. From the perspective of early 2018, it is clear than the gold bear market ended over two years ago and a new multi-year secular bull market has begun.

Silver is not only along for the ride, it is showing even better performance than gold, albeit with greater volatility. Both the gold and silver rallies are based on a combination of supply/demand fundamentals, geopolitical pressures creating safe haven demand, and increasing inflation expectations as confidence in central banking and fiat money erodes.




Silver bullion prices in USD 10 years (GoldCore.com)

In addition, silver has an excellent technical set-up right now. Precious metals analyst Samson Li writing in Thomson Reuters on January 2, 2018 offers this insight in the current technical trading position for silver:

Technically, silver is ripe for a major breakout to the upside in 2018. The CFTC figures Managed Money positions show that COMEX silver has been in a net short for three straight weeks since 12th December. This is not unheard of but is relatively rare for silver; the last time COMEX silver was net short was between the end of June and the first week of August 2015. As investment sentiment can swing from one extreme to another, and given silver’s innate volatility, this net short position should point to the possibility of a sharp short-covering rally. Looking back at the corresponding period in 2015, silver price was trading at $15.61/oz on the 7th July, and it was the third consecutive week recording a net short position. Approximately a year later, silver was trading over $20/oz in July 2016… [T]he current poor sentiment does suggest that silver could be one of the better performing precious metals in 2018, barring any crisis that could trump most of the commodities but gold.

The good news is that this secular rally in silver is in its early days. Recent gains will be sustained and amplified in the months and years to come.



Recommended reading

Silver Prices To Surge – JP Morgan Has Acquired A “Massive Quantity of Physical Silver”

Silver Bullion Has Key New Player – China Replaces JP Morgan

Gold and Silver Bullion Are Only “Safe Investments Left” – Stockman



Click to listen on YouTube

News and Commentary

Gold’s path to US$1,400 seen cleared by slumping US dollar, equity fears (TaipeiTimes.com)

ECB executive warns against currency war (Reuters.com)

Coincheck Says It Lost Crypto Coins Valued at About $400 Million (Bloomberg.com)

Bitcoin May Split 50 Times in 2018 as Forking Craze Mounts (Bloomberg.com)

U.S. CFTC to fine UBS, Deutsche Bank, HSBC for spoofing, manipulation: sources (Reuters.com)


Source: BofA via ZeroHedge

BofA Sounds The Alarm: “Biggest Sell Signal In 5 Years Was Just Triggered” (ZeroHedge.com)

A Doomsayer’s Guide to the Dollar and Why It Could Keep Plunging (Bloomberg.com)

Another Positive Year Ahead For Gold, Says The World Gold Council (Forbes.com)

Surprise! While Bitcoin Crashed, Investors Poured Into This Asset (Madison.com)

The Art Museum That Offered Donald Trump a Solid Gold Toilet (VanityFair.com)

Gold Prices (LBMA AM)

29 Jan: USD 1,348.40, GBP 955.07 & EUR 1,085.46 per ounce
26 Jan: USD 1,354.35, GBP 950.21 & EUR 1,087.41 per ounce
25 Jan: USD 1,360.25, GBP 954.35 & EUR 1,095.27 per ounce
24 Jan: USD 1,350.50, GBP 957.50 & EUR 1,093.77 per ounce
23 Jan: USD 1,337.10, GBP 959.10 & EUR 1,091.74 per ounce
22 Jan: USD 1,334.15, GBP 959.12 & EUR 1,087.87 per ounce
19 Jan: USD 1,335.80, GBP 960.17 & EUR 1,087.74 per ounce

Silver Prices (LBMA)

29 Jan: USD 17.34, GBP 12.33 & EUR 13.99 per ounce
26 Jan: USD 17.40, GBP 12.21 & EUR 13.99 per ounce
25 Jan: USD 17.52, GBP 12.29 & EUR 14.12 per ounce
24 Jan: USD 17.19, GBP 12.16 & EUR 13.93 per ounce
23 Jan: USD 16.98, GBP 12.19 & EUR 13.87 per ounce
22 Jan: USD 17.04, GBP 12.25 & EUR 13.90 per ounce
19 Jan: USD 17.04, GBP 12.27 & EUR 13.89 per ounce

https://news.goldcore.com/

SilverSeek.com

http://silverseek.com/article/silver-bullion-once-and-future-money-17075
 

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What's Next for Silver in an Ocean of Red Markets
Silver Fortune


Published on Feb 8, 2018
Long and short term outlook for silver, including some charts, how bond yields play into it, and why we shouldn't be surprised by what the Fed does next.
 

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Down. Look at those skeery rising rates! ...and ZOMG the USD is "all the way" back up to 90!

As usual, weaker dollar = metals flat to down, strengthening dollar = metals down. The GSR is pushing 81 even while the bond market and stock market melt...this stuff is insane.
 

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Silver Returning To Monetary System?

David Morgan
February 26, 2018 - 8:54am


Silver has been money longer than gold and has created more wealth for individuals than gold. Silver translates, in many languages around the world to the word money. Silver is the very essence of the peoples money. It is beautiful, necessary and, above all else, money. Silver was part of our monetary system until the “crime of 1873“.

Hugo Salinas Price, the billionaire that has discussed with the Mexican Parliament, and provided realistic ways, to reintroduce silver to the Mexican monetary system that would instantly make the peso the supreme currency on planet earth. Mr, Price has presented these ideas, and plans, to the Greek government as well. Each time Hugo Salinas Price presents these plans they are met with ho-hum reception.

Anyone involved with the precious metals, be it silver or gold, knows all too well the paper silver and paper gold markets, operated by the COMEX and LBMA, actually determine the global price for the physical market. Over the past year we have also seen the precious metals markets have been proven to be rigged. This is no longer a “theory” as there have been two different class action lawsuits and two different civil cases brought against Deutsche Bank for rigging the gold and silver market. Deutsche Bank lost both cases and have been proven guilty of market rigging.

The advances in financial technology (fintech) have demonstrated the people no longer need the banking system. No longer need the credit rating system. No longer need the financial system. Crowd funding, blockchain technology and peer to peer services are racing towards the elimination of these criminal, rigged systems.

I sat down with David Morgan, The Morgan Report, to discuss how this new technology will allow the people to work around the current system and reintroduce silver to the monetary system without the need, or permission, of the current system. We simply walk away, turn our backs and take back our wealth.

I don’t know anywhere where you can go with physical silver and get “rewards” (stipend, dividend, “interest”) “Oh wait a minute David this sounds like a scam!” No, it’s very similar to how a coin dealer operates. When a coin dealer sells a coin to you, or coins, or a monster box or 10 monster boxes or whatever, he makes a spread on the transaction. He buys the silver from a wholesaler where he marks up 1.5-2% and he sells it to you and your happy to pay that because you don’t have the clout to buy it from the wholesaler with the 2% discount. It’s the same thing here in the LODE System. When someones out buying an AGX Coin they’re going to pay what the market dictates but it’s going to have in that, let’s say, 2% spread.

****

I want it to get so big that “We the people” control the silver market and “We the people” control the silver price and we bring back the death of the paper paradigm. We bring back the physical market controlling the price of silver. Wouldn’t that be concept? David Morgan ~The Daily Coin

This is the first time David Morgan has discussed this new project with the public. Mr. Morgan has spent the past year discussing and researching this project and now feels comfortable discussing in public. I have been no fan of cryptocurrencies and my stance has not changed. This is new technology may be a way for the people to take back our sovereignty as it works within the current system and brings physical silver back to the system. Physical silver creates wealth. Physical silver protects sovereignty.

We hope you find this informative and entertaining.


Rory Hall

https://thedailycoin.org/

http://silverseek.com/commentary/silver-returning-monetary-system-17120
 

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Automobile Innovation & Silver
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Published on Mar 8, 2018
 

Uglytruth

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Another head fake? More QE? Fake news? Propaganda to keep poor people poor? When have they ever had your best interest in mind?

https://www.cnbc.com/2018/03/08/jp-...or-stocks-totaling-as-much-as-40-percent.html

JP Morgan co-president warns of 'deep correction' for stocks totaling as much as 40% over next few years
  • "The equity market has some way to go for the next year to two," said J.P. Morgan's Daniel Pinto. "But then, if there is a correction, it could be a deep correction."
  • Pinto noted that market corrections tend to be the result of many factors, but he highlighted central bank activity as a potential pitfall for markets.
  • "Those are the things you want to watch: That inflation doesn't go up too fast, that forces the central banks to go a little faster and quickly than they're doing now," he added.