Latest / Man in America Podcast / China Just Broke the Banking Cartel’s Grip on Silver — Is the Great Financial Reset Entering Its Finale?

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China Just Broke the Banking Cartel’s Grip on Silver — Is the Great Financial Reset Entering Its Finale? · Man in America Podcast

• 0:15
  Speaker 1: Welcome to Man in America, a voice of reason in a world gone mad. I'm your host, Seth Holehouse. Right now, something absolutely significant and wild is happening in the precious metals market. Silver has gone through the moon in the past couple of days, the past couple of weeks. We're seeing something very significant happen.
• 0:43
  And gold has followed as well, but silver is really starting to break out, and we're gonna be talking about what this means because this isn't a show today on precious metals or investing. It is so much bigger than that. Because in my quest to understand what the heck happened to this world, why is it in this country of America, I look around and I see so many things just not working right, so much suffering, so much fighting, so much distraction? So much of this traces to the financial system. And as you try to understand and peel back the onion of the layers of control, you come to a place where you see that money in the financial system, in a fake, controlled financial system, that whole thing is one of the most powerful tools that the elites, the cabal, whatever you wanna call them, it's one of those powerful tools that they have to control our society.
• 1:52
  And when you understand that, and then you then start to understand the relationship of precious metals and that financial system that is a tool, a weapon to enslave the entire world in this debt based financial system, you understand that precious metals are key to this entire system, and that what's happening right now with the breakout of these prices, with the change in the gold to silver ratio, that what's happening is signaling a massive, massive change in this financial system and in this system that is being used to control us. It's a capital rotation event. There's there's and there's so much more than that, which I'll be getting into all of this and more on today's show. Before we jump in though, a few quick notes. First off, thank you for coming and watching.
• 2:48
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• 3:08
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• 3:18
  It's very bad news. Also, reminder that every show that I do is done as a podcast as well. So if you wanna listen instead of watch, just go to your favorite podcast app and search for Man in America and look for the smiling guy with a beard and click subscribe on there. Alright. So let's go ahead and just dive into today's show.
• 3:37
  I don't have any guests today. It's just me talking about this. Now I've been talking about precious metals since early, early on in the Man in America show, and not only do I like them, like, love the feeling of holding a a nice solid 10 ounce bar of silver, but to me, it is a much bigger thing. It's not just about again, like I mentioned, it's not just about investing or precious metals. This right here, understanding this metal right here, if you understand this metal through the lens of the global financial slave system that we live in, you understand how significant this right here let me pull up this chart for you.
• 4:16
  You understand how significant this chart is right here. So this is the silver price as of yesterday. I'm recording this on Saturday, December 27, this is December 26, day after Christmas. In that one day, silver went up actually, that's showing me the sixth month. In one day, silver went up over 11%.
• 4:41
  It is now close to $80 an ounce in the according to the COMEX pricing, which will I'll be getting into COMEX, the Shanghai Metals Exchange, and and a few of these things. I'll be explaining some of the, information behind this to help give you context to understand what's happening. But looking at this chart right here, this is wild. Silver at $80 an ounce. I remember when silver started really breaking out, when silver had crossed 50 only a few months ago.
• 5:09
  I mean, let's look at one year. Okay? So let's look at this one year chart. I remember when silver crossed 50 right around gosh. That was only in October.
• 5:20
  That was such a big deal for silver to cross 50. And then if you remember, it pulled back after that. It got down to, say, 47, 46, and a lot of people started feeling nervous. You know, even my mom actually, who has followed my advice consistently on precious metals, and she's been slowly just buying a little bit here, a little bit there, but she's been buying silver since $22 an ounce. And when it was at when it crossed 50, I think it was at 54, she bought a good chunk of silver on my advice, and it then dropped.
• 5:52
  A couple days after that, I don't know if they say 47, 48, and I felt, okay. Did I give her bad advice? I said, no. Because this isn't like the last time it hit 50 when it came straight back down. This is different, what's going on here.
• 6:04
  This is the system itself that's changing. The mechanisms of the price control are breaking. And so even though it felt like, oh my gosh, she she paid so much at $54 an ounce, it's not doubled since then, but it's gone up significantly since then, to $80 an ounce. That's a huge gain. Now this is a good thing, but it's also a scary thing because this shows you a lot more of what's happening.
• 6:32
  So I wanna first start looking at the silver manipulation, the paper market. And I'll take a step back and just give you a little bit of context for this. So there was an interview I did with David Jensen. And it's one of my favorite interviews I've done, where he explained the, LBMA, he explained how the paper manipulation works. And I'll try my best to simplify it.
• 6:59
  But, basically, in 1971, when Nixon pulled the dollar off the gold standard, that meant that they could then start printing as many dollars as they wanted without any kind of commodity to back that, with nothing that was tying that dollar to physical reality. So they could mean, guess their only limit was how much ink and paper they had, but if you're the one printing the money, you can buy as much ink and paper as you need. But what happened is after he pulled the dollar off the gold standard in '71, over the course of the next decade or so, we saw silver and gold go on a massive run, increasing in price. And people thought, oh gosh, wow, why why are gold and silver going up so much? But actually, was happening, as David Jensen has explained, is that gold and silver are the canaries in the coal mine for inflation.
• 7:55
  And so what happened was that because they were printing all those dollars, the prices of gold and silver naturally were rising with all the increase in money supply. And people realized like, oh, the metal's going up, it's a reflection of overprinting. It's actually the dollar that's being devalued, it's the dollar going down. But they had to hide that. So in the eighties, they created something called the LBMA, the London Bullion Market Association, which was handed over to the Bank of England, which is the Rothschilds in essence, and that is where they introduced the paper contracts.
• 8:32
  Okay, so basically meaning that instead of this say you think you own this $10 or say this 10 ounce bar of silver, instead they're gonna say, you know what? No, here's a contract. Here's a contract saying that you own this bar of silver. But for every single bar of silver, they might sell a 100 contracts. So this is their way of artificially increasing the supply of silver without actually having to increase the physical supply of silver.
• 9:02
  Right? This is you're getting into derivatives here. It's you're betting on a bet on a bet on a bet. You're trading on the kind of multiples of something. And so right now, the current paper to silver ratio Actually, I'll bring it up, let me bring up, I think it's a U.
• 9:17
  S. Debt clock, let's check it out real quick. So on here, there's a lot of good information here, but if you scroll over to this side here, you can see right here. See that in the middle, paper to silver ratio now, paper to gold ratio now. This is showing roughly how many paper ounces there are for every one physical ounce.
• 9:37
  So they had this how much they've inflated the supply of silver, so that every single physical ounce has 356 paper ounces. And this is how they have created a mechanism to suppress the price of gold and silver. Now I want to jump into an article here that explains this or not actually sorry, not an article. It's a little it's a post here. I've got some really good information, a lot of, stuff I found over on Twitter, which actually I like calling it x.
• 10:07
  It's called Twitter in my mind. X is think it's sort of transhumanist agenda, I guess, to call things letters and and and numbers. Anyway, it's a different different thing. Okay. Anyway, this guy's explaining what's happening.
• 10:20
  He says, the backbone of the paper silver system is breaking in real time. For years, silver prices were controlled not by who owned the metal, but who could borrow it. Here's how it normally works in simple terms. Banks don't need to own silver to sell it. They lease silver from large holders, vaults, institutions.
• 10:40
  They sell paper contracts against it and promise to return the metal later. As long as metal can be borrowed and rolled over, paper supply looks endless and prices stay calm. So this is really this is the fundamental of their system. It's the whole thing. It's a Ponzi scheme.
• 10:56
  Right? It is an absolute Ponzi scheme that is just lies and smoke and mirrors that they've used, but this Ponzi scheme is actually breaking now. As long as metal can be borrowed and rolled over, paper supply looks endless and prices stay calm. That system depends on one thing, metal owners being willing to lend. Now that's changing.
• 11:19
  When silver owners refuse to lease, even when offered higher interest, they're saying something very important, I don't trust that I'll easily get this metal back later. So this is key, is that the paper system is built off of, in many ways, the lending, the leasing of silver. So say that, you know, I own this $10 bar of silver, I have it in a bullion bank. Say, I'm a bullion bank, and I have my 10 ounce bar of silver. These banks will quote unquote lease this silver, and they'll sell contracts on this silver, saying, look, we'll just you know, we'll pay you back for it though.
• 11:59
  Okay? We're gonna lease that silver. We're gonna borrow that silver and lend against it and do all kinds of financial, you know, effery. That's the only word I can think of, to make some money and to scam people and to, you know, do what banks do these days. But this is what happens, Right?
• 12:17
  He says that when silver owners refuse to lease, even when offered higher interest so the bank might say, look, Seth, we'll lease this piece of silver for you for 5%. I say, no. I don't I don't really trust you. They say, okay. We'll give you 10%.
• 12:29
  I don't really trust you. Because if I lose it, I'm losing more than 10% of the value of this thing. They must say, okay. We'll give you 20%, 30%. No.
• 12:37
  I don't trust you. So he says, when silver owners refuse to lease even when offered higher interest, they're saying something very important. I don't trust that I'll easily get this metal back later. At that moment, the illusion of abundance breaks. Paper markets can still trade contracts, but those contracts are no longer backed by flexible pool of real metal.
• 12:56
  They become promises without shock absorbers. So what happens next? Price has to do the job that leasing used to do. If metal won't come out for yield, it must be pulled out by higher prices. Not gently, violently.
• 13:11
  This is why markets suddenly become extremely volatile, unstable at opens, prone to sharp drops and even sharper rebounds. It's not chaos, it's stress transfer. Instead of stress sitting quietly on bank balance sheets, it moves into the price. This is how paper markets lose control, not through defaults, not through announcements, but through refusal. Refusal to lend, refusal to smooth, refusal to pretend that metal is plentiful.
• 13:39
  Once that happens, pricing power shifts slowly at first then very fast. The simplest takeaway anyone can understand is this, as long as silver can be borrowed, paper controls the price. Once silver won't won't be borrowed, price must rise until someone gives it up. That's where we are. That's so key there.
• 14:06
  As long as the banks can keep borrowing the silver, they can use the paper to control the price. But once the silver can't be borrowed anymore, the price must rise to make me say, you know, I'm not gonna lend it to you for a 10% interest. But if silver goes up to $75 an ounce, I'll just sell it. You can have it. That's what's happening.
• 14:35
  Another way of putting this is a post I have here from Cliff High. He's a pretty brilliant guy, especially on metals. He says, The agreement call to try to save the Federal Reserve note, right, the Dhar bill, the Fern as he refers to it, and all the derivatives based upon it settled at $75 per ounce for silver. It has already failed in less than nine hours. The bullion banks are no longer in charge of the metals market.
• 15:00
  It is the industrial users and speculative investors who now rule. That is the key. This sentence right here, he's saying the exact same thing as the other post, but the bullion banks are no longer in charge of the metals market. It is the industrial users, manufacturers, etcetera, and the speculative investors who now rule. This is really, really important.
• 15:29
  So what's also happening with this is that you have to understand the suppression of silver as it relates to the gold and silver ratio. So I'm gonna pull up a little graphic here for you. So this is the gold to silver ratio throughout history. What this means really is it's the price of gold to silver. So in Egypt, in February, it was a one to two ratio, meaning hypothetically, if an ounce of silver was $20, an ounce of gold was 40.
• 15:59
  Right? It's a one to two ratio. Now historically, it's been, you know, on average closer to around one to ten, one to twelve, one to 15. You can see, right, all throughout history, this has been the ratio. I'm pretty I think that it comes out of the mount of the ground at around one to eight.
• 16:17
  So it's actually reflective of that. I think it's every for every one ounce of gold, it's roughly, like, eight ounces silver. Don't hold me to but it's somewhere in that range. So you can see in under Caesar, right, forty BC, it was a one to eight ratio. Egypt, one to nine, February.
• 16:34
  So what's happening though, is you have all this going up, 1500s is one to 10. 1600s is one to 12. Right? As of November 30, it was one to 75. Doesn't make sense.
• 16:48
  It doesn't make sense. There's that's why I have a little clown graphic. There's something going on here. If you look at the chart of this, right? So this is the chart showing you the gold to silver ratio.
• 17:01
  So let me go to, one year on this. So right around April 22, April this year, it was at roughly a one to 100. Now, I forget the exact prices. I mean, I actually, I can show you. So right around April, if it's one to one hundred, and we're looking at April okay.
• 17:21
  Let's go to one year. So April, I think it was around $30. Yeah. Right. So it was around $30 an ounce for silver, and it was roughly $3,000 an ounce to go for gold.
• 17:33
  So 1 to 100. But this is what's happening. That's breaking. So let's look at, let's look where it's at. So okay, again, at April, one to 100.
• 17:44
  Let's look at what we've done in the last six months. Okay, so six months ago, it was one to one to 90. Look at this sharp decline here, okay? We're now dropping down to a one to 57. This is really significant.
• 18:01
  The fact that this ratio is changing, this is key. A lot of people have been talking about this. This is why for the past couple of years, if anyone has ever asked me, Seth, do you recommend gold or silver? I've almost always said silver. Silver, silver, silver.
• 18:19
  And I own gold, but I also my my portfolio is much more leveraged here much more not leveraged, but much more in silver. Why? Because one thing, looking at the ratios of gold to silver, silver has a lot more room to move. So if gold doubles in price, silver can quadruple in price, or go 10 times the price, and still not be breaking the the proper ratio for gold to silver. So right now with gold at nearing 5,000 an ounce, if it was a one to 10 ratio, that means that silver should be at 500 an ounce.
• 18:54
  This is why a lot of experts are saying that silver should be at 500 an ounce. You know, Cliff High has famously said over and over again, 600 an ounce. A lot of people that really understand the system are saying silver should be 500, 600, even $1,000 an ounce. People are saying that gold will get to 10,000 an ounce, and silver will be 1,000 an ounce. And I happen to agree.
• 19:14
  And when you see this happening, you can you can make sense of it. But what's happening though, this isn't just this this big this big change. It's not just that the paper market is breaking because people are losing confidence, and they're saying, look, I would rather hold this in my hand than trust that you're gonna deliver. Because if you remember, early this year, you know, again, early twenty twenty five, there was a time period when the, the the bullion banks in London were were taking, you know, weeks to deliver, and there's a lot of speculation of where they want running out of metal. Because it used to be if you had your paper certificate, and you went to the bullion bank, and you said, hey, I want my metal.
• 19:58
  It might take you a couple of days, but all a it's taking four weeks or six six weeks or eight weeks. And people are saying, why is it taking so long? Are the bullion banks running out of the metal? Well, I think what we're seeing is that it's probably what was happening, but there's a much bigger thing that's going on here, and it has to do with China. So I've got another really good post to read here over on Twitter from, Terrell Miles.
• 20:22
  I'm gonna read this. This is very important. I'll pull it up for you. It says, China just broke the silver market. And this is very, very key to understanding what's happening, and understanding why the paper market is breaking.
• 20:37
  In addition to the things we talked about so far, this gives you a very important context. He says, if you own silver, this is a must read. Here's what nobody is telling you about 01/01/2026. Starting New Year's Day, China is restricting physical silver exports, not slowing them, not taxing them, restricting them. And the price action that we're seeing right now, it's not a glitch, it's a warning shot.
• 21:02
  Let me walk you through what's happening in real time because this might be the biggest structural shift in precious metals markets we've seen in a generation. The impossible price gap. Today, let me put this post out. On Christmas Eve, Shanghai closed physical silver at $77.89 per ounce. At the exact same time, the COMEX, the western benchmark, so COMEX means the commodity exchange, the western benchmark for silver was trading at 72.
• 21:32
  That's a $5.66 spread. To put that in perspective, historically this gap rarely exceeds $2. Why? Because arbitrage traders instantly exploit any difference, buy cheap in one market, sell high in another, rinse repeat, the gap closes in minutes. Meaning k.
• 21:49
  So if you could buy silver for, say, $50 an ounce at the COMEX, and you could sell it on the Shanghai silver market, you could sell over in Asia for a $100 an ounce, then what you'd have is almost instantly, everyone would buy all the silver in the Comex, and they'd sell it all through the Shanghai market, and they would double their money. So historically, the price between the two markets has been very, very close. Right? As you're saying, you know, it's roughly, you know, $2. It really exceeds $2.
• 22:19
  I'm worried so I used to do a lot of business over in Asia in the jewelry industry. So this is, you know, back 02/1112, I I would go do, you know, trade shows and whatnot over in Hong Kong and China and Taiwan, and I was sourcing inventory over in America and selling it over to Asia. Now at that point, if I had silver or gold, say, gold necklace, I was pricing it, say, $2,000 an ounce based upon, you know, getting it buying it in New York, it was it was worth 2,000 an ounce over in Asia. Right? It's not like could buy it in New York for 3,000 or for 2,000 and sell for $33,000 in Asia because it's just how commodities work.
• 22:58
  Right? The price is very consistent. But listen to this, so to put that in historically, this gap rarely exceeds $2. Why? Because arbitrage traders instantly exploit any difference, buy cheap in one market, sell high in another, rinse repeat, the gap closes in minutes.
• 23:18
  But when a $5.66 premium persists for hours on a half day trading session no less, which is what happened Christmas Eve, something fundamental is broken. The arbitrage machine is dead. It's dead because the physical metal cannot move the way it used to. What Shanghai's price actually means? Let me clarify something crucial.
• 23:40
  China isn't overpaying for silver. Shanghai's $78 an price reflects what silver costs when you need actual metal delivered to your vault, not a contract, not a promise, not a cash settlement. The Shanghai Futures Exchange operates on physical delivery. When Chinese manufacturers need silver for solar panels, EVs, or electronics, they pay Shanghai prices. That's real demand meeting real supply.
• 24:06
  The COMEX, it's entirely a different animal. So COMEX futures are heavily leveraged in paper contracts. They're mostly cash settled. They rarely result in the actual delivery, means people are just they're trading on with cash and paper off the silver. So they're not buying the actual silver to hold the silver, they're buying a contract on the silver and then trading those contracts and settling that in cash.
• 24:31
  So the silver's not really moving around much. It's it's it's this monopoly money market. So the vault excess is accelerating. So while markets were winding down for the holidays, the metal was moving out. Comex registered available for delivery silver inventories just posted sharp declines.
• 24:50
  So these are the, you know, could few of the bigger bullion banks. So the Asahi was, minus 1,420,000.00 ounces. JPMorgan, minus 600,000. C and T depository minus quarter million ounces. So the total registered standing is 127,000,000 ounces.
• 25:05
  So for context, global silver demand runs approximately 1,200,000,000 ounces annually. COMEX registered represents roughly 10% of annual consumption. It's draining. It isn't volatility. It isn't seasonal adjustment.
• 25:18
  This is what a modern bank run looks like looks like. Except instead of people lining up outside branches, you've got forklifts loading pallets on the trucks headed east. And here is why January 1 changes everything so China's export restrictions don't happen in a vacuum. China is simultaneously the world's largest silver consumer for industrial demand and a major silver producer and refiner. It's also sitting on a depleting domestic vault inventory.
• 25:47
  By restricting exports starting January 1, China is essentially declaring whatever silver we produce or refine stays here. The immediate effect, Western markets lose a critical supply valve. For years, when the COMEX or the LBMA, which is out of London so COMEX I think is out of Chicago, if I remember correctly, so America or the LBMA in London when they needed physical delivery, the metal could be sourced globally, including from China. That safety net is about to disappear. And the market is pricing this in right now, so the premium tells the real story.
• 26:19
  Today, the physical premium in Shanghai exploded to over $8 an ounce above the Comex, $8. This isn't noise, this is structural, an $8 difference where historically it rarely exceeds $2. Premiums spike when physical buyers are willing to pay whatever it takes to secure deliverable metal. It signals supply tightness, the vaults are running low, delivery urgency, and industrial users can't wait, import barriers, getting metal into China is harder and slower, and geopolitical hedging, smart money wants tangible assets. When physical markets consistently trade above paper markets, history shows one outcome.
• 26:59
  Paper prices eventually chase physical reality higher. So you it might make sure you understand that with me. So when physical markets consistently trade above the paper markets, history shows one outcome. The paper has to chase the physical price. Every major commodity breakout starts this way, not with hype, but with fundamental supply demand dislocations that paper markets can't suppress anymore.
• 27:28
  So East versus West, the two different markets. Here's the bottom line. The West prices silver unleveraged. The East prices silver on scarcity. COMEX reflects speculation, hedging, and paper supply.
• 27:41
  It is a derivatives market masquerading as a pricing mechanism. In my view, it's a scam. I happen to agree. Shanghai reflects real industrial demand, vault constraints, and physical delivery. And right now, the gap between these two realities is screaming one message: Physical silver is separating from paper silver.
• 28:04
  This is so important. Physical silver is separating from paper silver. What this means is that paper silver is how they have suppressed the price of physical. They have suppressed the price of physical to hide the fact that they are printing the dollar hand over foot. They're just pressing on that button, just burrowing out that money nonstop.
• 28:32
  But the paper they've used to disguise that inflation to hide the fact that they're overprinting is breaking. So you're go you're seeing that reflected in the price of silver, in the price of gold, and it's actually the price of a lot of the commodities and metals, which I'll be showing you. This is showing you the fiat system is collapsing. The fiat system is running its end. It's hitting the wall that happens to all fiat currencies, and that's what this really shows you.
• 29:06
  When you see these prices going up like this, that's what it shows you. So what this means for you, if you're holding physical silver, understand what's happening. The metal you own is being repriced in real time. Global supply chains are fragmenting. The infinite paper supply narrative is colliding with finite physical inventory.
• 29:25
  If you're holding paper contracts, ETFs, or unallocated positions, you might want to ask yourself what you actually own when settlement time comes. Because when Shanghai is paying 78 and the COMEX is printing 72, one of these prices is out right lying. And it's not the one backed by forklifts moving 1,000 ounce bars out of the vaults, which is what we're seeing over and over again out of China. The breakout is starting. This isn't the end of silver's move.
• 29:54
  This is how breakouts begin, headlines, not with retail FOMO, fear of missing out, with structural breaks in the plumbing of global markets, with premiums that shouldn't exist, with vault inventories that can't be replaced. China's export restrictions go live in eight days. The market is already reacting. The question isn't isn't whether silver is going higher. The question is whether you're positioned for what happens when paper markets finally admit what physical markets already know.
• 30:23
  There isn't enough metal to go around. Know what you hold. So I'm gonna bring up another post here. Okay? What does it mean when all these metals are going up like this?
• 30:42
  It's showing us that the dollar is dying. It's one of many things. But again, if you trace this back, there's a reason why I started talking about what happened in this in '71, in leading the creation of the LBMA, I think it was in 1986. They created that mechanism to suppress the true inflation of the dollar, so people couldn't see how much overprinting was happening. But now that mechanism is dying, and the world is now seeing the dollar for what it is because now it has a benchmark.
• 31:22
  That canary in the coal mine has long been dead. You look at it, it's like smoking. It fell out of its cage, and it's in there, it's smoking, and it caught fire. And you're like, Yeah, that's not good. That's not good at the canary that's gonna warn us if we're gonna die is dead in like in a burning pile of ash in the bottom of its cage.
• 31:41
  That's what's going on here. So this person on Twitter says, This is not good at all. Look at the screen. Now here's the screen he's talking about, right? These prices.
• 31:53
  Gold, up. Crude oil, up. Silver, up. Copper, up. Platinum, palladium, okay.
• 32:04
  So let me continue. Look at the screen. Gold up, silver up, copper up, platinum and palladium up, even oil. This almost never happens at the same time. Historically, when every major commodity rallies together, it means stress is intensifying.
• 32:18
  Here's why this matters. In healthy expansions, commodities move selectively. Industrial metals rise with demand and energy follows growth. Precious metals usually move very slowly. But when everything moves together, it's a sign of the capital rotating out of financial assets and into hard assets.
• 32:37
  We saw the same setup before the 2thousand,uh,.com bubble, the two thousand seven global financial crisis, and twenty eighteen repo market crisis. There's no example when this didn't lead to recession. This term here, the capital is rotating. My limited understanding of this is it's a capital rotation event, meaning that money is leaving the stock market, leaving the kind of financial institutions, and the people are moving their money out of these digital numbers and paper games. Like, that's the entire financial system.
• 33:09
  It's numbers and papers and zeros on a screen. People are losing faith in that, so they're pulling their mind. The capital is rotating from the imaginary world of banking and modern banking and derivatives into the real world of hard assets. And that's what you're seeing here. So I want to read a short article here.
• 33:37
  There's an interview that, Greg Hunter did with, Bill Holter, AKA Mr. Gold. He sums up very well what's happening here. Very, very well. So I'm gonna read a good chunk of this.
• 33:52
  Financial writer and precious metals expert Bill Holter, aka Mr. Gold, has been sounding the alarm of the profound risk in the financial system. At the December, he warned about the record setting silver prices and said, quote, it's pretty clear and pretty obvious that something behind the scenes is breaking. Whatever is breaking, he says, What is breaking is the extremely leveraged futures markets with not enough physical silver to deliver. Fast forward to the end of the month and new record highs in gold and silver are happening every day.
• 34:27
  Mr. Gold says, quote, they are gobbling up all the supply available because they understand this is the end of the fiat currency experiment that started 08/15/1971. Fiats are collapsing. This is the Hunt brothers on steroids. So if you're not sure, the Hunt brothers, they famously tried to corner the silver market, and then the Comex, they changed the rules, and there's you had a big crash in the silver markets.
• 34:55
  So this is something bigger. Okay? He says, this is the Hunt brothers on steroids because you have the entire world buying physical. The Hunt brothers got into trouble because they were buying paper contracts, and Comex changed the rules. COMEX can change the rules they when they want.
• 35:09
  It won't matter because the rest of the world is buying cash and carry. They're so okay, what you're saying now is that the COMEX can change the rules they want, but it doesn't matter anymore because the rest of the world is buying cash and carry. They will not accept paper contracts. They want real physical metal. So when people are this is me talking not him anymore.
• 35:30
  So when people are playing this paper game, they're bound by the rules of the paper game. So if you're trading in paper and you're buying in paper contracts, the COMEX controls that game. It's like you're playing monopoly with their money, and they can change however they want to. But people are exiting the game. Like, how do you how do you win at the game versus these these elite bankers?
• 35:53
  You don't play their game, and that's what's happening. It says people will not accept paper contracts. They want real physical metal. Article continues, here's where it gets both interesting and dangerous. What happens if the short sellers cannot deliver the silver promised?
• 36:06
  Mister Gold says, quote, people say if they can't deliver, I'm gonna tell you at some point they will not be able to deliver. And when that moment happens, it's game over for the entire financial system. Silver, and I believe it will be silver that fails to deliver, Silver is the blasting cap to the gold nuclear bomb. When silver fails to deliver, meaning if you have a contract at the COMEX for a 100,000 ounces of silver, and you then want that silver delivered, right? Because you put all that money into those contracts because you believe those contracts are backed by real silver.
• 36:47
  But if the COMEX cannot deliver that silver to you, if they can't get ahold of those 100,000 ounces of silver to you, that's when the whole thing breaks, and that's exactly what's happening. So he says that when silver fails to deliver, immediately there will be a pile into the COMEX gold, and they will not be able to deliver the gold. Once that happens, you will have failures of contracts that are proven fraudulent. And that's the key. They're proven fraud.
• 37:13
  This this is a bank run. This is it's equivalent of bank run. Right? When that bank is only holding a 5% reserve or, you know, reserve, and you go there and you want all your money, and your neighbor does too, and your neighbor does as well, and you all go there and, you know, collectively the bank owes you a $100,000, they come out and they say, sir, we only have $10. It's proven fraudulent.
• 37:35
  They are zeroed out and cannot perform, then it spreads to cattle, pork, pork bellies, grains, and you name it. This is not to mention the financials of stocks and bonds. Once you prove fraud and silver, that's going to spread to all the derivatives, and we will have a derivative meltdown. The world wants gold and silver because those are the only two monies that cannot default. This is key, is that the paper game they're playing with silver is not just silver.
• 38:04
  They're doing it on, as you mentioned, cattle, pork bellies, grains, you name it. This is why the derivatives market isn't in like it's a hundreds of trillions. Like, literally, the derivatives market, I think it's last I checked, it was, you know, got 300,000,000,000,000 or something insane like that, maybe even more. So again, once you prove the fraud in silver, that's going to spread to all other derivatives, and we will have a derivative meltdown. The world wants gold and silver, because those are the only two monies that cannot default.
• 38:37
  They'll never lose their value. They never have. They never will. They've had value since the beginning of time, basically. 5,000, they were still treated as money.
• 38:50
  What you're seeing in the gold and silver markets now is far from a top. This is just getting started. He says, These contracts are a zero sum game. There's a winner and a loser. If the loser loses so big, they go belly up, then the winner becomes a loser because they can't get paid.
• 39:07
  That's the problem. When this actually hits, and there's a failure to deliver, gold and silver will be wiped off the shelves, and there will be none to be bought. This will be a run for safety, and fear is the greatest emotion there is. Fear is far greater emotion, is a far greater emotion than greed. This is going to turn into a reverse bank run into gold and silver because they cannot default in a world that's defaulting.
• 39:33
  What you're witnessing is the end of trust. When you have the end of trust, the confidence breaks and the credit is forthcoming only when there is trust. Once confidence breaks, the credit markets will begin to seize up. When credit stops, it's game over. You will see markets, institutions, and stores shutter.
• 39:52
  Holder says that you should be able he says you should be self sufficient for a while when the system shuts down. Storing up food and water is a good place to start. I couldn't agree more. In closing, Holder says this is the finale of the great financial reset. Make no mistake, what you're watching is the world resetting before your very eyes.
• 40:14
  And this is exactly why paying attention to what's happening with precious metals is so important, because that system is collapsing. And the mechanism they've used to disguise the corruption of the system, that mechanism is breaking, and everybody around the world is seeing the wizard for what it is. Oz is not some great and powerful thing. It's this old, frail man behind a curtain using magic and manipulation and sleight of hand to maintain control. And that curtain is being pulled back, and people are seeing it for what it is.
• 40:57
  And so, again, this is why for me personally, I don't have a bunch of money sitting at the stock market and bonds, any of that. I look at, this is the real store of value. If I have a little extra money, I'm buying 100 ounces of silver, or 30 ounces of silver, or five ounces of silver, right? If that time comes, I don't want to have money sitting in the financial system, because that system is failing, and the wheels are coming off. And so there's a question of, like, what do the prices go to?
• 41:28
  And this is a question I've I've pondered a lot. I've asked a lot of smart people, like Martin Armstrong or David Jensen, Cliff High. I think I've even asked him that. And one of most consistent answer I've gotten is the price goes to unobtainium. The price goes to something you can't even obtain anymore because it becomes so valuable.
• 41:46
  But it's not just because it becomes so valuable, it's because everything else loses value. And that's what happens when the dollar, when the markets, when these financial systems, all these numbers and zeros on digital screens, when those are revealed for what they are as a a Ponzi scheme, a monopoly money fiat Ponzi scheme that's been used to enslave mankind with debt and credit and interest rates. When that whole system starts breaking apart, people will be fleeing into hard assets, which is why it's not just silver and gold. It's land. It's food.
• 42:18
  It's the things that actually have real value, and this is what's happening. This is this is the the silver lining, pardon the pun, is that the world is going back to truth, and I really believe this. I really believe that they, these elite bankers, they wanted to use this reset to usher us into digital currency, but I don't think that's gonna work. Their system's not ready yet, and people are seeing through it. People don't trust it anymore.
• 42:40
  They don't trust those systems anymore. Yes, some people do, and they'll go along with it, and they'll walk right into the doors of the slaughterhouse. But for a lot of the people, especially those of you that are watching this show, you see that there's just some tired old man, decrepit old man behind the curtain, pretending to be Oz the great and powerful wizard. There's a bunch of scummy old men. That's what's going on here.
• 43:05
  And so this is why a lot of people are returning back to what's real, which is amazing. Right? People are we're we're exiting the education system. We're returning to homeschooling. We're exiting the the the fake pharmaceutical system, the pharmaceutical industrial complex, and we're actually returning into natural healing and holistic healing.
• 43:24
  Like, people are leaving these fake institutions they've built to control us. And they're seeking and they're returning to what is real. And I think that returning back to a society governed by gold and silver I'm not look, I'm not a crypto guy. I think I think crypto is a a SIOP that's being used to pull us into getting us ready for a digital a digital currency system. I think that Bitcoin has very nefarious origins, so that's not my thing.
• 43:51
  Sorry if I offend you, but I don't I don't wanna have all my money stored in some digital wallet. What happens if the grid goes down? What happens if I can't, you know, access it because of social credit scores? I can't even access my Bitcoin wallet. I don't trust that.
• 44:06
  Like, if I have to, will take this 10 ounce bar of silver, I will go bury it in the woods behind my house under some tree, and only I know where it's at. That's what gives me security. Right? Not some complex blockchain key. Like, I don't trust that stuff.
• 44:20
  Call me old school. I just don't trust it. I trust things I can hold, that I can I can smell? You know, it doesn't have a smell to it, but that's what I trust. But anyway, on on the idea of, where are prices going, I have one post I think is quite, rational in his predictions.
• 44:37
  This guy, doctor Potassium, is actually a a brilliant guy if you look at a lot his analyses and stuff. Again, this is one person's opinion, so take it for what it is. He's saying these are his end of year forecasts for, metals. So he thinks that gold will be at close to 7,000 an ounce by the end of year. He thinks silver will be at 159 an ounce with a gold to silver ratio of roughly 43.
• 45:03
  43 to 15, he says there. Platinum, he thinks is between 5,007 thousand an ounce, and palladium between 4,006 thousand an ounce. He says by the 2026, gold will have risen to at least another 53% to $6,889 an ounce. This rise will be driven by central banks around the world continuing to trade USD for gold as the international reserve asset of choice. He says based on its ongoing trajectory, the gold to silver ratio will be approximately 43.15 at that time.
• 45:34
  Silver therefore will be roughly one, 159 an ounce. This may be too conservative for silver, but I will stick to it based on the math for the sake of the argument until proven otherwise. And I I happen to agree. Mean, again, I'll remind you, this is not financial advice. Do your own research.
• 45:52
  I'm not trying to convince you of anything, but sharing my own opinion, the same opinion that I will share with my closest friends and family. He's saying silver could be at $1.59 an ounce by the end of next year. I mean, I honestly, it could be at 200 an ounce. It could be at 300 an ounce. It could be at 500 an ounce in a couple of years.
• 46:10
  And and it's I mean, if someone in, say, mid year let's go back to our silver price. If someone in let's just say six months ago, say in June when silver was $36 an ounce, if you told me silver was gonna be at $80 an ounce by the end of the year, it would have seemed really extreme. Like, oh man, that's that's just that's too much. But maybe it's possible. So that's just where we are.
• 46:35
  So I mean, yeah, it could be, think, by the end of next year, gold could be silver could be at $15,200 an ounce easily. And I've explained the reasons why. It's like, why? Well, because the system that has been suppressing the price is breaking, and people are demanding physical. Not to mention all the increase in the industrial demand for AI data centers and solar, electric car batteries, you know, I think Samsung has a new a new, silver battery that's coming out.
• 47:02
  The industrial demand for silver is this going through the roof. And at the same time, people are no longer trusting the paper contracts. They're wanting physical, so everything is pointing to the fact that it's gonna keep going up. He also gets into the golden, golden platinum ratio, the platinum to silver ratio, etcetera. But anyway, I I actually I genuinely think that this guy has pretty reasonable, conservative price estimates.
• 47:25
  I I think that gold could be go up much higher than that. Yeah. I think that we could see gold at $7.08, 9,000 an ounce, maybe even 10,000 an ounce. You know, made with silver, you know, maybe we we could get to that one to 20 ratio with, say, gold silver at, say, $2,200 an ounce. And, was it silver at 200 ounce?
• 47:46
  Was it anyway, I'm not gonna try and do that math quickly on the fly here. But anyway, I happen to agree with this. So, this is what's going on. This is why this is so significant, this information. The system is changing.
• 48:06
  And as we're heading in next year, it's kind of wild because I just bought some more silver a couple of days ago, and I think I got it at $71 an ounce. Not a whole lot, but I was thinking, am I just crazy? Like, I go through these thought processes, am I crazy to buy $71 an ounce? I thought, no, it just my gut tells me it's gonna keep going up. I don't think I'm crazy.
• 48:30
  It's gonna keep going up. And here we are, only a couple days later, it's at close to $80 an ounce. It's already up at 10% in a couple of days. And I think it's gonna the thing is, is even though it's $80 an ounce, I'm gonna keep buying it. Not in huge amounts, you know, as I can.
• 48:47
  I'll keep buying it. So, I also, I, you know, I hear some people saying in the comments, and I also, I want to acknowledge this, look, for a lot of people, even buying three ounces of silver in a month is difficult. And I don't want to imply to anybody that if you can't afford to buy precious metals, that you're screwed. No, that's absolutely not it. I think that there's a lot of things that you can do, and maybe you have a couple of ounces, and that's it.
• 49:12
  I can tell you that even if you own, say, even five ounces of silver, that could be a lifeboat to you, honestly. So don't feel downtrodden. Don't feel like that, know, because you can't, you know, build a huge portfolio of precious metals that you're that you're you're you're kind of screwed. Absolutely not. Not to mention, I just believe that at the end of the day, what allows us to get through the through to the future, what allows us to get through difficult times is not how many assets that we have.
• 49:36
  If if that was what was driving it, then the the elites would always be the ones that survive. I think that what's our greatest asset is virtue and faith. I honestly believe that. I really believe that. I think that is the most important asset you could possibly own, is a heart of gold, and a heart that is just full of faith and a life of seeking virtue.
• 49:54
  Because I believe that that's the time that we're in now, where we are gonna experience some difficulties ahead. I think the bad people, regardless of how wealthy they are, will be met with retribution for their actions, and the good people likewise. So I don't want to, you know, discourage those of you out there that are struggling to get by and find this to be something depressing. Because look, I've been there at different stages in my life. And again, even if you put even if your goal is to have five or 10 ounces of silver put away over the next couple of months or so, it's a great goal.
• 50:28
  And the reality is is that most Americans don't even own silver. So if you own even 10 ounces, you're already in in a small population of the Americans. And the thing is, is when this whole system flips, even an ounce of silver, an ounce of silver might might who knows what it's gonna be? It's hard to say. It's hard to say what happens.
• 50:46
  So all that being said, again, not not financial advice, but the advice I give my myself that I follow, and I tell my friends and family, this is this is it. Like, you want to be sitting in silver. I'd say silver over gold, especially because I think of the potential for it to increase. I think it'll increase multiples beyond what gold can increase. So if you have someone that you can trust, that's great.
• 51:14
  Be very cautious, though. Like, I I used to I used to have a business before I started the podcast. I had a business, and I was buying over the counter gold and silver. Like, I've I've always loved precious metals. Be very cautious though, because even your local coin shop may not be able to test things properly.
• 51:28
  I'm seeing I'm I'm a lot I'm in a lot of different precious metals groups on Facebook, and I'm following what's happening. I can see a lot of people are showing, oh my gosh, I see these pictures of like a gold bar cut open with tungsten in the middle. And or someone said he had a bunch of platinum bars that he'd bought from a local coin shop, and he posted them on Facebook and his group, and someone identified and said, look, that one platinum bar does not look correct. He took it back to the local coin shop, they cut it open, and it actually wasn't. It was something else inside.
• 51:54
  So what they do is actually they take a bar, for gold, they make the bar out of tung, I think it's tungsten, because it's the same, weight and density, and they'll put a layer of gold over top of it. So you might still have a good amount of gold in there, but actually the core of that, probably sixty, seventy, 80% of that bar is actually tungsten. So that's the way that they create fakes. So just be cautious if you're buying. Be very, very cautious of who you're buying from.
• 52:18
  If you need a recommendation, right, the the company that I recommend to my friends, my family is Noble Gold. Colin Plume is the owner, he's a good friend of mine, solid guy. They have very fair pricing. They're exceptionally good at IRA and four zero one ks transfers. If you want to pull your money, say you've got all your money sitting in an IRA, and you want to transfer it and have it sitting in precious metals instead of sitting in stocks and bonds and other financial instruments, They can do that in ways that you don't get hit with any penalties.
• 52:49
  They're the best that I've found in the industry at doing that. So if you're exploring this, go to goldwithseth.com, which is this website here, or just call (877) 646-5347. So it's goldwithseth.com, or (877) 646-5347. Again, their pricing is fair. You can also just do a direct purchase, say you want to call them up and say, Look, I want to get 100 ounces of silver.
• 53:15
  They can, in a day, they can, you know, collect payment, get shipped out to you very fast, very secure. And you know that you're getting real stuff. There's a lot of fake on the market. So again, just be careful if you're going to your local coin shop, just be careful. Because I used to again, I used to be that kind of local coin shop kind of guy, and there were even things I had coming in that I wasn't sure whether they were real because I didn't have the expensive equipment that some of the people that were using, to test had.
• 53:41
  And sometimes the customer wouldn't allow me to cut the piece of gold in half to see if it's gold on the inside. So it's kind of tricky. So just make sure you're buying from someone that you trust. The links for Noble Gold I'll put into the show description, that we had the phone number and the website there. But I I'm excited personally, because I'm looking at this thing, like, I think I can see what's happening.
• 54:02
  And this is a way for me of trying to secure my wealth for my family, so I have something to pass on to my kids. And that's that's what I view this as. I look at it as it's like the ultimate savings account. It it's also good because when I put my if I get some extra money in a month, and I put it in a little bit of silver, I don't spend it. Right?
• 54:20
  I just leave it sitting there. So it's it's a great way of me, saving and squirreling away my nuts for winter. So that's it. Thank you so much for joining me today. We've got some really exciting exciting things happening in the in the New Year.
• 54:33
  I I can't wait to tell you about, some really exciting things. You know, we're launching our community. I think I have the book that we're still doing. We're doing some big updates to Man in America. So I'll be telling you about those things as we, you know, get into the New Year.
• 54:46
  So I I appreciate with your patience on these things. I know I've been slow on rolling some some stuff out, like the community and the book, and, yeah, I've had two actually, three deaths in the family. Gosh, if I so, my dad passed in November. My uncle passed, his brother, a week a few weeks later. My grandfather passed, like, three weeks before or four weeks before.
• 55:07
  And it's just been very tumultuous. So I'm looking forward to next year and just being really settled and focused. So, thank you again for watching the show. Thank you for supporting. If you enjoyed this, please share the content, send it to your friends and family.
• 55:24
  And I try to approach this in a way that it's easy. I try to make these complex ideas, like the precious metals markets and global financial system. I try my best to break them down in ways that my simple mind can understand them, so hopefully that it's easy for you to understand as well. And again, thank you. Thank you so much for just being along with me on this journey.
• 55:41
  I'm very excited for the year ahead. Merry Christmas to you. Happy New Year. I'll I'll still have another show or two coming up before the New Year hits, but yeah, just thank you. There's a lot going on, and I'm actually really, really optimistic and excited about 2026.
• 55:54
  So look forward to, walking through it with you. All right, take care, and God bless.