• "Spreading the ideas of freedom loving people on matters regarding metals, finance, politics, government and many other topics"

nowon brought this re silver

dacrunch

Midas Member
Midas Member
Joined
Apr 9, 2010
Messages
8,984
Reaction score
12,867
Bah, I just like listening to the sound of a silver coin/round spinning on a marble table until it falls flat...
 

nickndfl

Midas Member
Midas Member
Sr Midas Sup +++
Joined
Jan 7, 2011
Messages
16,087
Reaction score
16,954
Location
Florida
3 kilos Germania Mint silver. Made in Poland.
 

Attachments

  • 20210415_170310_resize_97.jpg
    20210415_170310_resize_97.jpg
    271.2 KB · Views: 16
  • 20210415_170303_resize_59.jpg
    20210415_170303_resize_59.jpg
    270.7 KB · Views: 14

dacrunch

Midas Member
Midas Member
Joined
Apr 9, 2010
Messages
8,984
Reaction score
12,867

solarion

Midas Member
Midas Member
Midas Supporter
Joined
Nov 25, 2013
Messages
9,006
Reaction score
15,398
Even though it's gold and platinum being delivered by the truckload at crimex this month...and not silver(silver is being sent to the LBMA via EFPs). The crimex is bleeding silver profusely. The fact that the Sprott, Arcadia, and WSS guys have declared a 10 day 100oz physical silver stacking "jihad" isn't likely to help either. Registered silver at crimex now down > 10% in a bit over a month! Huge inventory moves from CNT and MTB.

1618976240043.png


Meanwhile there's already 27,045 AU contracts(2,704,500 oz) standing for delivery and 155,350 oz of platinum standing...just since 3/30.
 

Unca Walt

Midas Member
Midas Member
Site Supporter ++
Joined
Mar 15, 2011
Messages
14,751
Reaction score
29,092
Location
South Floriduh
Nearly 3 million gold contracts standing for delivery?

I do not know enough, so I gotta axe: what date of delivery?
 

solarion

Midas Member
Midas Member
Midas Supporter
Joined
Nov 25, 2013
Messages
9,006
Reaction score
15,398
Nearly 3 million gold contracts standing for delivery?

I do not know enough, so I gotta axe: what date of delivery?
Nah, 27,045 contracts * 100 per = 2.7m ounces. Which is a lot in a short amount of time. The cumulative totals, if they're to be trusted, are available from the crimex themselves via their MTD(Month-To-Date) delivery reports. Pictured is the current delivery month, April, which actually began with a bang in late March. It's typical to see a large portion of deliveries in the first delivery day of a new contract month, but this month has remained strong for gold and platinum deliveries. As mentioned silver 5000 looks relatively flat, but EFPs have been tremendous. This has allowed them to hide the real problematic metal, silver, from all save those that take more than a passing glance at the MTD report. EFPs do not show up here, they show up on the daily volume window.

A more opaque, confusing, and convoluted reporting system I've never seen. It's clearly designed to hide evidence of problems while allowing them to claim transparency.

1619026345828.png


 

nickndfl

Midas Member
Midas Member
Sr Midas Sup +++
Joined
Jan 7, 2011
Messages
16,087
Reaction score
16,954
Location
Florida
Looks like the Chinks and Rooskies are finishing off the country and hollowing it out of anything that's worth anything.
 

Uglytruth

Super Moderator
Mother Lode
Midas Supporter ++
Joined
Apr 6, 2011
Messages
16,712
Reaction score
37,597

Every Physical Silver Ounce Has Been Sold Up To 1000x​

Tyler Durden's Photo

BY TYLER DURDEN
WEDNESDAY, APR 21, 2021 - 02:46 PM
Authored by Egon von Greyerz via GoldSwitzerland.com,
The silver price is today half of the January 1980 level. That was the peak at $50 which silver reached again 31 years later in 2011. But alas, the bullion banks, aided by the BIS (Bank for International Settlement) and central banks have again managed to push it down again and today silver is only $26.10.
The current silver price has nothing to do with supply and demand. In a real market the Price of Silver would be substantially higher. In a fake market, the manipulators have no problem to suppress the price by selling virtually unlimited fake paper silver.

EVERY SINGLE OUNCE OF PHYSICAL INVESTMENT SILVER IS ESTIMATED TO HAVE 500-1000 PAPER CLAIMS.​

The LBMA and Comex clan has sold their physical silver up to 1,000X over.
If a salesman has a demand for 1,000 items of a product of which he possesses the only one available, he will first rub his hands and then perform a victory dance. He knows he will achieve an astronomical price.
And that is exactly what would happen in a free silver market. But since the paper silver issuers know that they are dealing with totally clueless buyers who don’t understand that there is no silver, they will continue to stuff the gullible buyers with more fake silver.
That is, until the buyers wake up and ask for delivery to find out that the silver vaults are empty.
We know that the silver market is very strained already. Retail silver can fetch margins up to 50% and they have been at 100% premium. But at least when people buy retail silver from a reputable dealer and take delivery, they know that they have real silver.
I have warned investors many times not to buy gold or silver ETFs or funds of any kind. The risks are multiple. Here are some of them:
  • It is a paper security held within the financial system
  • It has multiple counterparty risks
  • The gold/silver holdings are not segregated from custodians’ assets
  • It owns no gold/silver directly
  • The gold/silver is stored within the banking system
  • The gold/silver held is probably rehypothecated
  • The gold/silver is not fully insured
  • Investors have no access to their gold/silver
There have been many reports of problems of getting physical delivery from mints and bullion dealers.

PROBLEMS AT THE PERTH MINT – AGAIN​

John Evans of As Good As Gold Australia has reported extensively on the problems at the Perth Mint. Numerous investors holding paper or synthetic silver with the Perth Mint are reporting delays of 4 months when they ask for delivery. Even clients who have demanded and paid for their silver to be transferred from unallocated to allocated have been told that they can’t get delivery.
The Perth Mint is owned by the government of Western Australia so you would not expect them to renege on their commitments. Still, I wouldn’t store my gold with any government whether it is in Australia, Canada or the US.
Interestingly, I remember the Perth Mint having similar problems 10 years ago, when the delay for getting physical delivery of the gold and silver certificates was up to 6 months!
So it is not the first time that the Perth Mint is in trouble. When not even a government owned organisation can be trusted, it is clear evidence how careful investors must be.

BUYER BEWARE OF ANY PAPER GOLD & SILVER​

It is not easy for precious metals investors to navigate through the jungle of problems in the precious metals market.
  • You can’t trust the bullion banks and their paper metals.
  • You can’t trust certain mints or bullion dealers.
  • You can’t trust gold or silver ETFs or funds.
  • You can’t trust futures exchanges.
  • You can’t trust banks to hold your metals.
Gold and silver must be owned and held directly in physical form. The precious metals must be stored outside the banking system in the safest vaults and jurisdictions. The investor must also have direct personal access to the vault.
You should never store more gold and silver at home than you can afford to lose. It doesn’t help with a good safe when burglars come to your house and threaten members of your family when you are in.

HYPER- STAG- IN- DE- FLATION​

The debate about -flation continuous with both camps feeling strongly about inflation or deflation. I have for many, many years been of the firm opinion that this economic cycle will lead to hyperinflation.
But it is not as simple as that. Hyperinflation is a monetary event and arises as a result of a major increase in money supply which leads to the total debasement of the currency.
We already have both a massive increase in money supply and all major currencies which have declined by 97-99%. The next phase will be unlimited money printing combined with a substantial increase in the velocity of money.
However, hyperinflation is not the only flation we will experience. We will also see stagflation and deflation.
The hyperinflation will occur in most commodities including food, oil, hard assets and especially gold and silver.
Bubble assets like stocks, bonds and property on the other hand will see deflation – at least in real terms. Real terms means measured in constant purchasing power like gold.
There will also be stagflation which means economic stagnation combined with inflation.
The flation which ordinary people will notice will be hyperinflation. The cost of living and especially food prices will rise dramatically. At the same time, many people will lose their jobs. Pensions and social security payments will not in any way keep up with inflation and many people will sadly be destitute.

MASSIVE ASSET DESTRUCTION FOR THE WEALTHY​

The deflation or collapse of bubble asset prices like stocks, bonds and property (in real terms) will be mostly noticed by the wealthy. They will experience a devastating decline in their wealth. The current bubble of billionaires’ and millionaires’ fortunes will burst and $100s of billions of assets will go up in smoke.
The Arnaults, Gates, Musks, Bezos and Zuckerbergs of this world will not understand how quickly their wealth disappeared. Easy come and much easier go!
But don’t get me wrong. None of these guys will be poor. They will still have massive wealth although it might have gone down by 75-95%. Obviously with that kind of drop, they will feel extremely poor.
The biggest beneficiaries of the coming wealth transfer will be owners of commodities, like food and hard assets.

MARKETS​

The turn in markets is slowly approaching. No one should hold ordinary stocks now. The risk is massive and a crash can happen at any time. It is never worth squeezing the last few pennies out of a 40 year (at least) bull market. Even worse to follow it 90%+ down (in real terms) in the coming years.

GOLD HAS TURNED​

When I sent the tweet below out on March 31st, gold was $1,707. Gold had twice touched the $1,670s and told us that the 8 month correction was finished.

The price is up $80 since the tweet but that is just the beginning. Sadly, very few investors have taken advantage of this opportunity to acquire gold at a low price. Now is still a great time to get in on what will be the biggest bull market in the history of gold and silver.

What investors must remember is that on the other side of the gold and silver coin is a collapsing currency.
That is why wealth preservation is so critical. Not only will stocks, bonds and property collapse but so will the value of money. So going liquid is not the solution.
Again, history tells us what the solution is and if you defy history, you will come to regret it.
 

ZZZZZ

Midas Member
Midas Member
Sr Site Supporter
Joined
Dec 23, 2017
Messages
8,013
Reaction score
18,183
Location
Northern Arizona
Episode #3 - The Value of Silver
Wednesday, 21 April 2021 | 19:26
Shownotes
Senior Portfolio Manager Maria Smirnova joins host Ed Coyne for a comprehensive analysis of all things silver. With its dual qualities of being a monetary metal and an industrial metal, silver occupies a unique position in the investing landscape. Maria and Ed examine how silver fits into a world of unprecedented government debt on one hand and increasing industrial usage on the other. Maria provides insights on the supply-side dynamics of silver, the current state of the gold/silver ratio, and the inherent complexity of evaluating mining stocks.

 

Voodoo

Midas Member
Midas Member
Platinum Bling
Site Supporter ++
Joined
Mar 31, 2010
Messages
5,585
Reaction score
8,932
Location
Deep Underground Bunker
If math is racist then Chemistry is freaking racist as can be.
 

Voodoo

Midas Member
Midas Member
Platinum Bling
Site Supporter ++
Joined
Mar 31, 2010
Messages
5,585
Reaction score
8,932
Location
Deep Underground Bunker

Uglytruth

Super Moderator
Mother Lode
Midas Supporter ++
Joined
Apr 6, 2011
Messages
16,712
Reaction score
37,597
Had another one of my stupid "thoughts" today....

US Debt Clock shows dollar to gold and silver.
As of 10 PM 4/22/2021
It shows silver to be $5203 per oz.
It shows gold to be $37114 per oz.

Then on APMEX
Silver spot is $26.30
Gold spot is $1797

Silver $5203 / $26.30 = 197.83
Gold $37114 / $1797 = 20.65

Is this telling me that silver has 9.5 times greater odds of increasing than gold? 197 / 20.65 = 9.5
If so why has silver been in a narrow channel from $22-$30 for a decade except for a couple of times.
Was the $12 oz and the over $30 times a chance for the insiders to load up or sell?
 

solarion

Midas Member
Midas Member
Midas Supporter
Joined
Nov 25, 2013
Messages
9,006
Reaction score
15,398
Silver is a necessary industrial metal AND a monetary metal. The physical market is also tiny relative to gold AND is linked to gold, so suppressing silver prices over the past half century with paper silver derivatives has been an extremely efficient way to hold down both the monetary metals, protect dollar dominance, and keep the supply of silver cheap for the manufacturers.

At this point primary silver miners are few and far between and new primary silver mines are practically unheard of. First Majestic, for example gets the vast majority of their silver from a 600 year old silver mine in Mexico. There will be a price to pay for all this suppression when there's next to nothing left for industry.

...and yes silver will kick the shit out of gold when they're both eventually jailbroken from paper prison hell. Matter of fact, I'm betting on platinum outperforming gold as well. Of the three only platinum is up YTD, with silver going positive numerous times before being smacked back down...despite all the dollar printing. Gold hasn't had a whiff of positive yet this year...which is insanity in this environment of negative real interest rates, a fed chief literally calling for waves of inflation, and the rigged PPI and CPI showing massive inflation.

37114/5203 represents a 7.13 GSR with the rate of production running nearer 8.5/1 last time I did the maths. It seems aggressive, but consider also that gold is up 2 fold since 1980 while silver is barely half what it was in nominal 1980 dollars. The suppression there has been brutal.
 
Last edited:

Uglytruth

Super Moderator
Mother Lode
Midas Supporter ++
Joined
Apr 6, 2011
Messages
16,712
Reaction score
37,597
So when using silver coinage inflation had to be low because it was a standard. When silver coinage went away so did any restraint?

Looked at another way with inflation, the price of silver in the mid $20 area for a decade is actually cheaper now than in the past. They have figured out a way to decrease the value of physical.
 

Unca Walt

Midas Member
Midas Member
Site Supporter ++
Joined
Mar 15, 2011
Messages
14,751
Reaction score
29,092
Location
South Floriduh
So when using silver coinage inflation had to be low because it was a standard. When silver coinage went away so did any restraint?

Looked at another way with inflation, the price of silver in the mid $20 area for a decade is actually cheaper now than in the past. They have figured out a way to decrease the value of physical.
Spot on.

But the bottom line is: "So far..."
 

solarion

Midas Member
Midas Member
Midas Supporter
Joined
Nov 25, 2013
Messages
9,006
Reaction score
15,398
So when using silver coinage inflation had to be low because it was a standard. When silver coinage went away so did any restraint?

Looked at another way with inflation, the price of silver in the mid $20 area for a decade is actually cheaper now than in the past. They have figured out a way to decrease the value of physical.
That happened long ago. The Hunt brothers were disposed of using the very same mechanism, and like most successful scams perpetuated by goobermint crooks and their bankster masters, it's done in plain sight.

Each and every single day hundreds of millions of ounces of fake paper silver are swapped back and forth between banksters on the crimex "futures" market. Well, the physical silver market is less than 1 billion ounces per year. It's quite small...yet it's traded as though it's this massive market in the fraudulent paper markets. This week alone:

April 22 - 106,361(futures) + 9018(options). 106,361*5000oz = 531,805,000 paper ounces of silver. In just one typical day!
April 21 - 116,761(futures) + 8323(options). 116,761*5000oz = 583,805,000 paper ounces of silver. In just one typical day!

In just two average days at the crimex commodity rigging market > than ONE YEAR of worldwide silver production seemingly changed hands. This happens every single weekday. Mind you, this is JUST the crimex...there are lots of exchanges around the world, this is just the most important and most corrupt. This IMO is why silver in particular does much better when NY markets are closed.


The only chance of this ending, is for people to drain them of their physical silver completely. They're down 150m ounces YTD and over 10% just since Feb 1. Total crimex registered silver inventory is currently just north of 119m ounces. There are 75,539 contracts(377,695,000 oz) of open interest for the MAY 21 contract currently. Delivery begins on April 30 for those contracts. While many will be rolled forward to future months, it's getting quite late to see so much open interest...and the crimex has registered inventory to cover only 23,800 contracts currently. Perhaps the thieves at JP Morgan bail them out...again...time will tell, but physical supply is tight and getting tighter every day.

1619183103537.png


We're about to find out just how solid their market rigging system really is. The US dollar is absolutely cratering vs other fiat dog barf...with the DXY now below 91 and sinking fast. Interest rates are low and currently dropping, inflation is high and rising. IOW real rates are massively negative...and everybody with a brain knows it. According to the Chapwood index, real rates in and around major US cities would be roughly -10%...with failing NYC/the People's Republic of Commiefornia leading the way. This is the most bullish setup possible for the monetary metals...and they're just sitting there. ...but for how long? How long can the maggots at the crimex keep this up? We shall see...

Never mind what the fed/BLS say about "core inflation"(lol), subtract the 10y yield from these numbers and then tell me what real rates are...then tell me why anyone in their right mind would want to sit on a bond paying 1.5% over the next decade while the underlying currency melts 10% every single year. No thanks. The typical knock on gold/silver is that they don't pay a yield. Well, maybe so, but they also don't "pay" a negative 10% yield...unlike US treasuries/notes.

1619183898234.png
 
Last edited:

solarion

Midas Member
Midas Member
Midas Supporter
Joined
Nov 25, 2013
Messages
9,006
Reaction score
15,398
Again today...as usual. Dollar continuing to die with the DXY @ 91.14 down another .21% ...interest rates are all of 1.56% and gold and silver again lower while stocks are up...as usual. Pure market rigging.
 

ZZZZZ

Midas Member
Midas Member
Sr Site Supporter
Joined
Dec 23, 2017
Messages
8,013
Reaction score
18,183
Location
Northern Arizona
Again today...as usual. Dollar continuing to die with the DXY @ 91.14 down another .21% ...interest rates are all of 1.56% and gold and silver again lower while stocks are up...as usual. Pure market rigging.

The metals were up a bit overnight, then the usual "Wham Bam Thank You Ma'am Slam ."

Just outrageous
 

solarion

Midas Member
Midas Member
Midas Supporter
Joined
Nov 25, 2013
Messages
9,006
Reaction score
15,398
The metals were up a bit overnight, then the usual "Wham Bam Thank You Ma'am Slam ."

Just outrageous
Yeah the NY/Chicongo paper peddling crooks love providing the smackdowns. Usually pre-market, right after open, after lunch, then they knock the monetary metals down again right before close. Pathetic bunch of pirates...they belong in rape cages...or in front of a firing squad, right next to the criminals at treasury and FRBNY.