Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **SILVER GONE!** - Physical Silver Is Breaking Through Paper Prices - This Isn’t 2011

Transcript

**SILVER GONE!** - Physical Silver Is Breaking Through Paper Prices - This Isn’t 2011 · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

3:23
Hold on. I had you on mute there for a
3:25
second. I apologize.
3:26
Let's go out and look at the spot price.
3:29
So here we are at the Kitco World spot price silver down
3:33
$4.51. I'm going to tell you why that
3:37
that we had Monday's big draw down and why it's happening
3:41
again today in just one second. And I think why we don't have to
3:45
worry, but we are still above $70 per oz on the silver price
3:50
in the spot market. And as you can see in the
3:54
futures, uh oh, did you notice something?
3:57
Here's the futures price of silver, 71 dollars.
4:02
OK, that should be higher than what we have.
4:08
Where did the spot market go? Oh my gosh, am I losing it here?
4:13
Hold on. Oh, here we go.
4:15
I forgot to share that screen. OK, there you now you're looking
4:22
at the futures market 71-O2 down $7.00 per oz, which you know,
4:28
two years ago would have been catastrophic.
4:31
The futures price should be significantly higher than the
4:35
spot price in a healthy market 71 Oh, Oh my gosh, the spot
4:41
price. I need to remember to share this
4:44
with you guys. The spot price is higher by
4:47
$0.73. As we talked about many times
4:52
and we'll talk about again today.
4:54
That means we are in a state of backwardation, which is very
4:57
unusual, right? The futures price should be
5:00
higher than the spot price. It's not the case now.
5:02
Things are backward. That only signals one thing and
5:06
that is the people want to get their hands on physical metal
5:09
right now. It's an unusual situation and
5:12
some people speculate, although we'll say more than speculate,
5:17
that that signals big stress in the market.
5:21
And some people even further speculate that that shows that
5:24
there's concern about the futures market to be able to
5:29
deliver that that silver in the future.
5:32
Let's look at this. This is interesting and this has
5:35
to do with the hold on here. Here we go the big banks in the
5:42
repo trade. Houston we have a problem.
5:46
The banks tap the Fed repo facility overnight for 75
5:51
billion in emergency liquidation.
5:54
Just how big exactly are the losses in the big.
5:57
So the big banks, the big banks are, are taking money, right,
6:02
bringing in billions of dollars. And the theory is that maybe
6:06
just maybe they're using that money to help cover their losses
6:10
that they may be having in the silver market.
6:13
Now, in all fairness, from what I understand, it's not unusual
6:17
on the last day of the month or the last day of the year for the
6:19
repo amount to go up. But that amount that it went up
6:23
is extremely large, again, showing stress in the financial
6:28
system and as we know, showing that there might be some stress
6:33
in the silver futures market as well.
6:35
We are in a metals war, OK, mainstream media is now starting
6:40
to pick up on the story. This one comes from Yahoo
6:44
Finance, which is like, you know, kind of the I don't know
6:47
the McDonald's of the financial world.
6:49
They're running a headline. We are in a metals war.
6:52
Gold, silver rebound. That was yesterday after sharp
6:56
sell off. Guys, I want to bring this up to
6:58
you as well. Let's the big take away here is
7:01
and it's happening everywhere Fox Business that even Graham
7:05
Stefan, that famous YouTube financial younger kid, I'm going
7:10
to show you more about that later in the week is talking
7:12
about silver. The guy from Pawn Stars, the
7:16
ultra popular, I think it's on Discovery Channel is on the news
7:20
talking about silver. It's starting to happen.
7:24
But I forgot to mention something very important to you
7:26
earlier in this live stream. OK, right now.
7:29
Well, let's go. Let's go look at this next and
7:32
then I'm going to bring up this great point.
7:33
This will work really awesome $70.00 right now is the key.
7:39
OK, here's a chart and this charts been going around the
7:42
SOV. The only chart you need for
7:44
silver right now in case the $70 double bottom doesn't work in
7:51
this rising trend line support breaks, your best chance for re
7:55
entry is around 58 or $59.00 with a second chance around $64.
8:00
These are your support levels. So this is the chart that we
8:04
really want to pay attention to, but I'm going to tell you why I
8:07
think we don't really need to worry about this on a long term
8:10
basis. But as you can see, starting
8:13
back in the beginning of December, we have been on a very
8:17
steady upward trend. That is the support line right
8:21
now. We are teasing right around
8:25
this. Here's $70 over here on the
8:27
right. I'm circling it for you.
8:29
We are teasing right around that 70 level.
8:33
As you can see, he draw, he drew a couple.
8:36
I don't know what you call that. You know what those look like,
8:39
but I'm not going to say it down there.
8:41
That has been support. If we break down below this
8:45
support. OK, OK.
8:47
I think, yeah, something in the 60s, possibly something in the
8:51
50s, but I want to remind you of something.
8:54
Please remember nothing goes straight up forever, OK?
8:58
We have a long term perspective on silver and I want you to
9:02
consider if we do and if we, if we build a base in the silver
9:07
price, if we consolidate above $70 per oz, do you know how
9:12
crazy that is? And that does feed right into
9:15
what what we're going to hear about later with the top
9:18
analysts telling us $200 silver. But if we consolidate above 70,
9:22
that's unbelievable. And I told you that one year ago
9:26
when silver was around 30, you would have thought I was crazy.
9:29
Even if we consolidate somewhere in the 60s per oz, that's still
9:34
OK, even if don't get mad at me, right?
9:37
I love that you're here again. Thank you for joining me down
9:40
here in the basement. But even if we consolidate
9:42
somewhere in the 50s, that's still awesome.
9:46
And when I say consolidate, I mean go into a period of time.
9:49
Oh my gosh, we just want silver to go up, up, up and it will,
9:54
right? Look, five years ago, two years
9:56
ago, we sat down here and talked about, we said silver will go up
9:59
in a long term basis. If two years ago we had told
10:02
each other that in December of 2025 we would have silver at $56
10:09
per oz, we would have been joyous.
10:12
So we can look at it from the next two year perspective.
10:15
Now, even if we consolidate, I'm not saying we are, I want us to
10:19
consolidate above 70. I'm all for it.
10:22
Woo Hoo. I'll tell you who else is all
10:24
for. It is Smitty, the silver bear
10:26
who gets his blindfold taken off when the spot price crosses $85.
10:31
But if we build that foundation and from there, right, And with
10:35
the foundation, with the consolidation means that the
10:38
weak hands get out, that the that the people that aren't
10:41
convicted get out, OK. And on top of that, we build
10:45
that foundation in the, in the fundamental factors behind
10:49
silver will continue, right? The physical fundamental
10:53
factors, not the paper, right? That's what we're dealing with
10:57
today is the paper market. I warned you they would have
11:01
more tricks up their sleeve and they probably still have more
11:04
tricks up their sleeve, but it's getting really near the end.
11:07
They're hanging on by a thread right now because we are in a
11:12
different perspective. So let's go back and talk about
11:16
this. If we consolidate above 70, woo
11:20
Hoo. If we consolidate in the 60s,
11:22
even the 50s, when we look out two to three years, we're in
11:26
good shape. It builds a foundation from
11:28
which we can continue higher and higher and higher.
11:32
What if I told you today, right now, look, two years ago I sat
11:35
down when silver was, what, $2522 per oz, even when silver
11:40
was $16.00 an ounce. And I said, guys, it's going to
11:43
go higher. It's going to go higher, right?
11:46
That was two or three years ago. What if two or three years from
11:49
now we're sitting with silver at, I don't know, like 140
11:54
Sounds right to me, 200, We got a guy saying we can get, we're
12:01
going to talk about him in a few minutes here.
12:02
But we got a guy saying that we could have $200 silver like
12:06
within the next six months. We'll see.
12:09
I hope he's right. And again, one of the the most
12:12
respected names in the silver and gold sector, OK.
12:16
The other thing we got to keep there's so much to talk about
12:19
are lease rates. Silver lease rates are going up.
12:22
And I'm going to tell you why that is very, very telling about
12:26
what's happening right now in the silver market.
12:29
But let's go see what they're saying about lease rates.
12:32
This comes from our friend Wall Street Gold who says silver
12:37
borrow rate explodes the lease rate to 8.5%.
12:43
This only happens when physical supply is vanishing and spot
12:48
liquidity is breaking. Huge stress signal from the
12:52
silver market. Does that explain why they hike
12:56
the margin rates now? You know we had this one huge
12:59
spike, right? OK.
13:01
But just look at the trend since 2025, we are at the beginning of
13:10
look at that. Do you see that?
13:12
OK, now why is that important? What is the silver lease rate?
13:15
That's the rate that it cost to borrow silver.
13:19
And if the rates going up, there's only one reason why
13:22
lease rates go up. Think about apartments.
13:25
If you want to lease an apartment, OK, If it's in a city
13:29
where there's a lot of other people that want to lease an
13:32
apartment, well, then the monthly lease rates are going to
13:36
go up because there's huge demand in little supply.
13:40
Guess what basement dwellers, the same thing applies to the
13:44
silver market, right? The reason why lease rates are
13:47
going up is because there's huge demand to borrow the physical
13:52
silver, but there's little supply.
13:55
More corroboration that we are in an I mean, look, whatever's
13:59
happening today, whatever, right, we are in just the most
14:03
strange, unusual and it's a good thing for us situation with the
14:08
metals that I've ever seen in 25 years.
14:11
OK, if you're new, welcome, right, welcome to the silver and
14:14
gold community. You came in at a real
14:16
interesting time. If you've been around for
14:18
decades like me years. We've been waiting a long time
14:23
for this day to happen and it's happening right in front of our
14:26
very eyes. Let's talk about why.
14:29
Let's go back to Monday when they first kind of crashed the
14:33
price of silver and gold. And we're going to talk about,
14:36
we're going to look at, listen again, they're one of the best
14:38
writers out there, one of the best analysts about what's going
14:42
and silver and gold in the three reasons why.
14:45
And we're going to relate that to what is happening today.
14:48
And again, why we ain't got nothing to worry about.
14:51
We don't have anything to worry about.
14:53
This comes from a Jesse Colombo who writes the Bubble Bubble
14:57
report like I believe the most, a widely followed Substack out
15:02
there. Super smart guy like a rising
15:06
star or one of the best stars in the metal sector.
15:10
One paragraph that sums it up, he says.
15:12
I want to start by discussing the three main reason for
15:16
today's decline in precious metals.
15:18
This was Monday 1st and it applies to today.
15:23
They had surged significantly and become very overbought
15:27
recently. So a pullback is normal and
15:30
expected, and I would add healthy as well.
15:34
Second, all right, we are still in holiday trading mode.
15:38
So volume has been thin across the financial markets, which
15:41
often amplifies moves also contributed to Friday's precious
15:46
metals surge. So that helped Friday when it
15:49
went up, but it also hurts on days like today when the metals
15:53
down, there's just not as much many people participating in the
15:57
markets. And thirdly, right, the CMACME
16:00
futures exchange increased gold margins by 10%, silver by 13%,
16:06
platinum by 23%, which usually causes precious metals to dip
16:10
temporarily. And we know what happened last
16:12
night, another major margin increase.
16:15
So all three of those things still apply to what's happening
16:19
today, guys. We've had a massive rally in the
16:23
precious metals. It's normal for a pullback,
16:26
right? And we are in a thinly traded
16:28
market. There's not as many people
16:30
trading, which allows some people might say manipulation to
16:34
occur a little more easily. And then thirdly, in a more most
16:38
recent act of desperation, we know that they're rise raising
16:45
the margin requirements. You know that they are on thin
16:48
ice. You know what, what, what what's
16:51
happening out there now? This one's funny again.
16:56
We, we got to have some smiles. This this was a text that I
17:00
screenshot from my friend Timothy Zub that he sent on
17:04
Monday, but it again, it applies today.
17:07
Here's the big headline in the financial world.
17:10
Silver price crashes to record levels not seen since last
17:15
Friday. Gotta love it.
17:19
Thank you, Timothy for sharing, for sharing that one with me.
17:23
And just so we can make sure that the hold on here guys, I
17:28
lost you. Hopefully you can still see me
17:31
and hear me. Sometimes I click on the wrong
17:34
buttons. You know, this is the one man
17:36
band. Oh, I don't even have upstairs
17:37
Susie turned on. Hold on everybody say hi to
17:39
Upstairs Susie. I don't know if she's on here
17:41
with us or not. Probably explains why I'm
17:44
forgetting to share screens. But on top of it all, stunning
17:49
data about how much silver was actually I I don't, I don't
17:54
think this maybe it's a record. I'm not sure, but this tells us
17:58
more evidence that the price of silver this this futures price
18:03
is just, it's a joke. It's an absolute joke.
18:07
And we're going to look later at what people are reporting.
18:09
The actual physical price of silver was a few days ago in
18:13
foreign countries, but the paper price is a joke.
18:16
Look at this. This is this is shocking.
18:19
We look at it all the time, but this I think is a new record
18:22
since we've been together. The silver market traded 1.38
18:28
billion paper oz on Monday to manipulate the price down.
18:33
Now how many do you think are going to be traded today, guys?
18:37
1.38 billion. That means that on Monday and
18:43
likely again today, maybe even more today, but in one day.
18:48
OK, paper silver, make believe silver, not real silver.
18:52
This is real. All right, There's our friend,
18:55
the beautiful Indian Head. That's real.
18:57
OK, But 1.4 billion make believe.
19:02
Here, I'll show you the silver. Here's the silver that they
19:05
traded on Monday and they're trading today.
19:09
Wait, where is it? It's not there, right?
19:11
1.4 billion ounces. Do you realize that the entire
19:17
world mining sector only produces 800 million oz per
19:23
year? That means that in one day the
19:26
paper make believe, we like to call it Fantasy Island silver
19:31
traded almost twice as much silver right is the entire world
19:36
produces in an entire year, seven days a week, 365 days a
19:42
year. People getting dirty, people
19:44
with orange vest on working, trying to produce silver, a lot
19:49
of which now is consumed for one whole year, right?
19:52
One whole year. And the paper market trades
19:56
almost twice that much in one day, 1/8 hour, 6 hour period.
20:01
Don't even work that many hours at the at the Comex.
20:04
OK, it's absolutely crazy. By the way, I've said this many
20:09
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Nobody, right? I mean, there it's it really
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It's it's very cool. Anyway, none of that.
22:09
Oh, on that note, we talked about the paper silver.
22:13
What about derivatives? This is shocking.
22:16
OK, this is this is is incredible information that I
22:20
was not aware of. And it came to us from there's
22:24
the dude. Here we go.
22:26
All right, got the right screen up.
22:28
Peter Spina from Gold Seek Silver speak Six U.S. banks hold
22:34
over $1 trillion in precious metal delivered derivatives, $1
22:42
trillion JP Morgan, Citibank, Bank of America data that was as
22:47
at the end of Q32025. Why is that important?
22:51
You may be like, well, what's a derivative?
22:53
A derivative in very simple terms is even riskier or even
22:58
crazier than a futures contract at the COMEX.
23:02
OK, the futures contract you could trade make believe silver.
23:06
The derivatives are bets on bets.
23:09
OK, It's it's like, it's like financial instruments that are
23:13
based on like futures contracts, OK.
23:17
It's like a bet on the futures contracts and these banks, like
23:21
trade them amongst themselves. The reason why that's important
23:24
is there's a guy named Warren Buffett.
23:26
You may have heard of him. Warren Buffett once called
23:29
derivatives financial weapons of mass destruction.
23:33
And like we talked about earlier during this live stream, we are
23:37
at war in the gold and silver sector.
23:40
And doesn't it feel like we're winning?
23:42
You know, look, I could be wrong.
23:43
Don't make any financial decisions, don't buy or sell
23:46
gold, silver stocks and based on what I'm saying, OK, I'm just a
23:50
guy in his basement, but it sure feels like to me that we are
23:54
winning the silver and the gold war right now.
23:58
All right, let's move on. Oh, this is this is nuts.
24:02
This this next piece of data I was not aware of and it shows
24:07
what happens with silver when we experience big price drops like
24:12
we had on Monday. But we'll get a load of this,
24:16
OK. This came from Subu Trader, he
24:20
said. Do you want to buy the dip in
24:21
silver? Silver was down 9% on Monday
24:24
after hitting an all time high on Friday.
24:27
Here's every case, every single case when silver fell more than
24:33
6% from a one year high. All right, now let's look at
24:37
this chart that he puts out silver after it makes a one year
24:42
high yesterday and then falls at least 6% today.
24:47
So silver hit a one year high on Friday.
24:51
That was yesterday. Is that when this came out?
24:54
OK. And then fell more than 6%
24:57
today. What happened the last six times
25:01
that occurred? See if I can get this down here.
25:03
So here, listed over here where I drew the red line.
25:06
Uh oh, hold on. What happened here?
25:11
OK, here we go. Here's the six times that it
25:14
happened. Oh, no, that's not the six
25:16
times. My gosh, here's the six times
25:20
that it happened right there, OK, One day later, kind of like
25:25
we had yesterday, silver was up, up, up.
25:27
Two days later, up most of the time.
25:29
Three days later, up again. But one time where it was down
25:32
like we have today, Four days later, it was down.
25:34
But as you see, OK, three weeks later, every single time that we
25:41
had an occurrence like occurred on on Monday and we're still
25:45
living through today, 3 weeks later, one year silver was up
25:50
3.5 percent, 17.3% three weeks later, 7% three weeks later.
25:57
Here I'll put little lines by these 11% three weeks later, 23%
26:03
three weeks later and almost 5% three weeks later.
26:08
So look, you know, this is very important.
26:11
There's no guarantee, OK? Because here we are down here,
26:14
right? Here's the seventh time.
26:18
These are the only 6 times that occurred.
26:20
This is the seventh time that we had that occurrence where silver
26:24
hit a New York New all time high or one year high, I'm sorry, and
26:30
then fell more than 6% the next day.
26:33
This is the seventh time right here.
26:36
OK. The question is will this trend
26:39
continue and where will we be at the three-week mark?
26:44
All right, that is the spank draw question mark.
26:48
Anyway, you get the point. OK, very, very interesting.
26:52
It doesn't. OK, let's talk about next we're
26:54
going to talk about the man, the man, the myth, $200 silver.
27:00
But this really is the man, Somebody I've followed.
27:04
I feels like almost my entire at least 10 years, 15 years that
27:08
I've been in precious metals and why he thinks we can get $200
27:13
silver within the next six months.
27:16
OK, I want to say thank you to 1st Mining Gold for also
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27:22
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27:24
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If you want to learn about them, go to their website,
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firstmininggold.com. All right, let's go to the man,
27:57
the myth, and the reason why we want to listen to this.
28:00
This guy is twofold #1 as I said earlier, he's not somebody who's
28:07
always out there making crazy predictions about silver.
28:10
Don't look at me funny when I say that, yes, I believe in 600.
28:16
I believe in Infinity silver. Anyway, back to him.
28:18
He's often times said that he thought the price of silver and
28:21
gold would go down. I would listen to him and I'd
28:23
think, Oh no, no, don't say that.
28:25
Don't say that because he's often times very correct.
28:29
Right now he's calling for $200 silver.
28:33
And after we listen to what he says, I'll tell you another
28:36
reason why we want to pay attention to him That I think is
28:39
just as powerful as what I just mentioned.
28:42
But this is Michael Oliver, who came out again recently.
28:48
Hold on here. Here we go.
28:50
Mark on X shares this update. Michael Oliver, forget 2011.
28:56
Silver is entering a new reality.
28:59
This is bigger. OK in red.
29:02
His projection is stunning in the next couple quarters.
29:05
And we're going to watch a video here in a second.
29:07
I think you'll see silver in the next couple quarters.
29:11
That would be 6 months. That would be by June.
29:14
I think you'll see silver reach at least $200.00 an ounce and
29:20
possibly a lot higher in a rampage.
29:23
But wait, Michael, wait, Michael, you might be saying
29:26
what about what's happening today?
29:28
Silver prices down and Ron's talking about it maybe.
29:31
But building a base and 50 or $60.00, Michael, no, how, how
29:35
can you say this? He says volatility is part of
29:40
the process. Expect sharp scary sell offs
29:46
like the recent 15% drop on Monday and the drop today, which
29:51
is what I don't know, 8% whatever.
29:54
Expect that along the way. These are not the end.
29:59
They are shakeouts within a much larger ascent.
30:03
And that's what we talked about earlier, consolidating for a
30:06
while, shaking out the weak hands, replacing them with
30:11
people who are more convicted, right?
30:13
Industry that is more convicted countries because we're going to
30:17
talk about that later too, that are more convicted.
30:20
And I mean, convicted in a good way, not like convicted going to
30:23
jail, convicted meaning believing and knowing that they
30:26
need to get their hands on physical silver.
30:28
And yeah, we are going to talk about this so much more to talk
30:31
about, guys. The, the what's going on with
30:33
India and China and them trying to actually source metal from
30:38
mines in South America and Mexico.
30:41
We've heard that. But we're going to, we're going
30:43
to watch a video about that. But let's go to Michael Oliver
30:47
and boom, hold on, we're going to put him on full screen.
30:51
This is one minute long and this is full of good news for silver
30:56
and gold investors like you in. Fact in the next 6 months, and
31:00
this is month one in the countdown, we're already
31:04
closing. November, restart that because
31:06
he starts by saying I expect in the next 6 months I'm going to
31:10
turn the volume up. OK, here we go.
31:14
And he says we're in month 1, started in in December.
31:17
So actually this is in May. In fact, in the next 6 months
31:22
and this is month one in the countdown, we're already close.
31:25
In November, we started, so December is month one.
31:28
But in the next couple quarters after that November close, I
31:31
think you'll see silver with with sharp sell offs in the
31:35
process reach at least 200. So sometimes let's say mid late
31:41
first quarter, you might get a correction that you could really
31:44
call a correction not what we're seeing today.
31:46
This is just a quick joke, OK. But sit back and give it a
31:52
couple quarters and I think you'll see that it doesn't just
31:55
get to a what you could call a fair value based on the the, the
32:00
degradation in the money unit, meaning 200 bucks an ounce or
32:03
so, but probably overshoot it vastly.
32:07
So put your seat belt on and be ready for days like what we're
32:11
seeing today. When?
32:11
You see our interview. So we had a a drop from $82 down
32:15
to 71, you know, and everything's on.
32:17
It's the end of the world now it's, you know, another 10%.
32:20
So drop in a heartbeat. And it doesn't interrupt.
32:25
The real process underneath is going on.
32:29
It doesn't interrupt the real process underneath that's going
32:34
on. OK, look again, Michael Oliver,
32:38
not a permeable. Oh, the other big point I wanted
32:40
to bring up about Michael Oliver, the nice man that we
32:43
just listened to is that I've heard Eric Sprott, who is pretty
32:48
much the undisputed king of silver or one of the royalty,
32:53
right. He started Sprott asset
32:54
management PSLV is is is under that He is he is been around a
33:01
long time and super, super respected.
33:05
And I've heard him talk about with much respect, super high
33:09
respect, the analysis of Michael Oliver.
33:12
So guys, I know look, I'm not personally, hey, I'll be honest
33:16
with you, I'm not necessarily calling that we're going to get
33:18
$200 silver by May, but I love the fact that Michael Oliver is
33:25
because Michael Oliver has a, let's say, a habit of being
33:29
right about things. Now, look, we talked about this
33:32
earlier, the war going on in silver around the world, and
33:36
it's really a war between physical silver, real metal,
33:40
right gold, real metal, and the paper contracts.
33:44
And one of the interesting things that I don't hear anybody
33:47
else talking about is the fact that we can watch what's going
33:52
on with the kilogram bars, the kilo bars of silver, like what,
33:56
33 oz I think it is. It's on the metric system.
33:59
It's not typically super popular in the United States.
34:03
There's always thousands of kilo bars available.
34:06
But we're seeing a very interesting development.
34:09
Let's go out and take a look at what is happening in the kilo
34:12
bar market. Here we go.
34:15
First, though, we'll talk about this, but it relates to the kilo
34:18
bar market. Silver heading to 100.
34:22
Physical silver is trading for more than the paper price all
34:26
around the world. Then we'll get to the kilo bars.
34:28
People are reporting this yesterday.
34:30
Dubai $95 an ounce, Australia $93.00 an ounce, Canada almost
34:36
$90.00 an ounce, and Russia 98 U.S. dollars per oz.
34:41
China is banning all exports. We know that starting tomorrow
34:44
or putting strict limitations on silver exports, soon the silver
34:49
price will go parabolic. The big take away on this one
34:54
for us to remember, right, This is a war between the physical
34:58
metal. Those are physical prices in the
35:01
paper markets. The, the, it's not just the
35:04
United States and the Western countries anymore, those
35:06
countries in the Middle East and Asia.
35:09
And I mean, they are what's going to happen and what we're
35:12
seeing happen and we saw it happen with the Shanghai, the
35:14
gold exchange is that as these countries begin to set the price
35:19
for the physical metal, it's going to suck.
35:22
It's going to like how the the market forces will ensure that
35:27
even the paper price comes into line with the physical price
35:32
because this is a physical driven rally.
35:36
It's crazy. And then again, to get back to
35:38
these kilo bars, why it's so important to follow those is
35:42
because that's going to be one of the more popular bars not in
35:45
the United States, but who cares about the United States?
35:48
Because all your neighbors and my neighbors, if you're joining
35:51
me from the United States, they don't buy silver.
35:54
They never have, right? You're part of the two 3%.
35:57
Those people, sheep noise warning that we like to
36:01
affectionately refer to as the the sheeple haven't woken up
36:08
yet, but the world is waking up. And could that be reflected in
36:14
demand for kilo bars? I think it is.
36:17
I don't hear anybody else talking about it.
36:19
But to me, if I connect the dots and play a little 3D chess, and
36:25
I know you like to play 3D chess because I need to give you a
36:29
compliment if you're down here in the basement, according to
36:32
Google, I've got to print it out right here.
36:35
Right. They analyzed my channel and
36:38
they said that quote. It's right there.
36:40
You can see it for yourself in yellow.
36:42
I got it highlighted. Your audience is highly
36:46
sophisticated. So you, you, you, you have a
36:52
little more intellectual horsepower than the average
36:55
bear, right? Remember the old gold bear?
36:57
He was blindfolded. Which one?
36:59
Yeah, Seriously. Right.
37:00
Put it together. Connect the dots, don't just
37:03
look in front like what's happening right in front of us,
37:06
which is pretty darn good, but look around the corner.
37:08
That's what people that follow this channel like to do.
37:11
And I think if we see shortages of kilo bars, it's telling us,
37:15
it's indicating for us that on a worldwide basis, there's huge
37:19
demand for silver. And here we go, one more reality
37:24
check. This is not 2011, blah, blah,
37:27
blah, physical silver in the UAUAE.
37:30
It's everywhere. The price of silver outside for
37:32
physical is sky is skyrocketed. Here we go.
37:38
Hold on. This was a great synopsis of
37:43
what's going on with kilo bars from the Silver Academy.
37:48
Silver kilo bars, silver bullion sold out across major bullion
37:55
platforms. Statistic #1 and you know, look,
37:59
I don't know exactly when this was, but it was recent.
38:02
This came out this morning. JM Bullion out of stock.
38:06
OK, look at this, right when it says in stock alert, in stock
38:10
alert, in stock alert, that means they don't have any.
38:13
What it says right there, the black X out of stock JM Bullion,
38:17
OK, SD bullion again another one of the major bullion dealers
38:21
notify me means they are now sold out.
38:24
OK, let's see if we can pull that make that bigger now.
38:28
We really can't. Anyway, down there in blue it
38:30
says notify me. This is on all these these kilo
38:35
size silver bars. OK stat #3 from silver gold bowl
38:40
website. All 31 kilogram bars say notify
38:44
me, which means we ain't got none.
38:46
Stat 4 silver is running out everywhere.
38:49
See the three stats above. But Sprott money has some OK and
38:54
you know what let's just go check and see if for kicks and
38:58
giggles I don't know if they're sold out or not.
39:03
Let's go out to 1st meant go to their store and go to bars and
39:08
go store bars. Now slow down and go to kilo
39:13
silver bars and see if they're saying sold out.
39:18
Nope, they've got them in in stock it appears.
39:20
Yep, so beautiful kilo bar. I've held one of their kilo bars
39:25
in my hand and they are absolutely like everything from
39:29
first Mint. Absolutely stunning.
39:31
OK, so there we are there. Let's go over here because is
39:36
it? Let me look you in the eye
39:38
first. Repeat after me.
39:43
Physical silver is overtaking the paper price.
39:48
Yes. The sheeple don't understand
39:50
that. Don't try to talk about it.
39:51
That New Year's Eve party tonight with your neighbors
39:54
gonna be like, huh? They don't even have to be
39:56
drunk. They'll still look at you like
39:58
they're like, you're crazy. Like, what are you talking
40:00
about? Like, I'll just party and, you
40:02
know, whatever. Enjoy your paper money.
40:04
Physical silver is overtaking the paper supply.
40:08
Let's have some fun and take a look at some pictures from
40:10
around the world that might indicate to us that that is
40:14
indeed the case. This came out yesterday, OK,
40:18
from Fabio. More feedback on physical silver
40:21
from the ground is welcome here, right here, Reardon says.
40:26
I'm in Korea and can confirm. Actually, 90 is a steal.
40:30
More like 100 plus to get physical metal.
40:33
This though is a picture of that Fabio put out in Sydney as of
40:38
yesterday after the price collapsed.
40:41
And I think it's at a 2 hour wait.
40:43
Yeah, 2 hour wait in Sydney, Australia to get your hands on
40:48
physical metal. You see that?
40:50
You can't even see the end of that line down there.
40:53
And then somebody called him out on this.
40:55
Let's see if I can, if this is up there.
40:58
This guy says, isn't that an old picture from when gold was
41:02
running? And Fabio said, no.
41:04
I took this picture of myself in Australia about an hour ago.
41:10
Now the other thing that we are seeing, right, Singapore is
41:15
becoming a major, major hub for gold and silver training.
41:19
I just watched a Wall Street Journal report about the fact
41:22
that like wealthy Americans, wealthy Australians, wealthy
41:26
Europeans are storing their silver and gold in Singapore.
41:30
We've heard these, these, I don't want to say rumors, but
41:35
reports that JP Morgan moved a big part of their trading desk
41:39
to Singapore. The Wall Street Journal, like I
41:41
said, reporting wealthy people because Singapore is a very
41:45
neutral country. It's actually a very wealthy
41:48
country. And there's a lot of gold and
41:50
silver in Singapore. But let's check this out because
41:54
an interesting development in the world of physical bullying.
41:59
Singapore's leading bullion dealer, their leading bullion
42:04
dealer in a country that is leading in gold and silver
42:08
issues supply limits due to extreme demand.
42:14
Wait till you see this due to extreme, unprecedented demand
42:17
for physical precious metals. A minimum order value of $5000
42:23
or equivalent now applies. OK, And here it is right here
42:27
again from Justario, that's from Bullion Star, OK, recognized as
42:32
a leader in the silver and gold bullion sector.
42:35
So guys, everywhere we look, OK, we've got signs that there's a
42:40
war going on right now in the world of precious metals.
42:45
Again, it's a war between paper, OK, And it's a war between
42:50
physical, the paper futures market right there, there.
42:54
Picture it this way, OK, 'cause they kind of use the quote UN
42:57
quote nuclear option on US overnight, raising margin limits
43:01
again. And there's more that they can
43:03
try. They got a few more tricks up
43:04
their sleeve. But it's a it's a, it's a war
43:07
being fought between silver and gold that are supplied with a
43:10
lot of ammunition, like 5000 years.
43:14
Think about that. Wow, I never thought about that.
43:17
Gold and silver, right, have been around for 5000 years.
43:20
They've got a little more experience in fighting wars
43:23
against Fiat currency in the Fiat side, the Bank of the big
43:27
banker side, the paper side of the war, right?
43:31
They are running out of ammo. Like Peter Spina said from gold
43:36
seek, silver seek. It really is happening right
43:39
now, right in front one of our very eyes.
43:41
You can't rule anything out, please, right?
43:44
I'm not a financial advisor. Whatever you do, be responsible.
43:48
Don't put yourself at too much risk.
43:50
I'm not a big fan of leverage myself, but are you with me on
43:55
this? Does it feel like it's a it's a
43:57
it's an endeavor, a war that we can win.
44:00
All right, thank you for joining me.
44:02
I want you to have a great day. So much happening.
44:05
I'll try to get on here again, maybe on Friday.
44:07
Have a great New Year's Eve. OK, Thumbs up.
44:10
Don't forget, please subscribe to the channel if you haven't
44:12
already. It's free right through the end
44:15
of the year. We don't charge anything, All
44:18
right? We just really enjoy you coming
44:20
down here. Take care of yourself and I want
44:23
you, yes, you to have a great day.
44:27
Thank you.