Few in the precious metals community realize that the coming BIG MOVES in the silver price will happen when Institutions and large investors experience the same problem that small investors have when trying to purchase retail bullion in a tight market. But, it will be much worse because there isn’t that much silver available for Institutions or large investors.
While most precious metals analysts and investors blame the COMEX, Silver ETFs, and LBMA for manipulating the silver price, they fail to realize this is the place where the Future Silver Fireworks will occur. I discuss this in my newest Youtube Video.;
Also, I wanted to share that CLOUD HARD ASSETS is selling 2021 Silver Krugerrands and Philharmonics at only $3.45 over spot. In checking the top online dealers’ prices for 2021 Silver Krugerrands, this is most certainly the BEST PRICE.
You can contact Tom, Dan, or Jade… Click here: CLOUD HARD ASSETS. You can also call (800) 247-2812.
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In the last five years I was frequently buying gold and silver at DEGUSSA Shops. I saw a lot of the older people 70 years and older buying. I always had to wait in the queue and was talking with these oldtimers. They all said it is time again to buy gold and silver. Especially these people see the signs at the wall.
Forecasting is tough. Especially with respect to the future. Who would have thought that $200,000,000,000,000 would have essentially zero interest in flirting with 50 billion of silver bullion this last decade? I can’t think of anyone who predicted the magnitude of QE or that it would actually work. A lot of us peak oil believers were quite surprised at the magnitude of the fracking boom as well. Then all of a sudden, here comes a laboratory virus to mess with our heads. Wonder what’s next?
Steve,
In the next free posting (online copy + YouTube), please also comment on what the next financial crisis (with energy underpinnings) will do to the crypto markets.
Or you can post a few comments now
Under this model, and allowing that the energy predicament is terminal, retail activity will have no bearing on the spot price.
A spike in silver may lure hardship-selling and profit-taking in the retail market . . . But as long as big investors see no opportunities for profit-growth in stocks/bonds/real estate, they will not leave the market but continue to flock and the spot price will surge. Deliveries will switch to payouts as ETF’S get tapped out.
This fallout will of course benefit the retail early birds who hold tight.
There will be no more crisis, keep calm, everything will be fine. We’ll give you jab’s and later also cannabis, what else do you want? Flying like the Jetsons? Elon Musk leads the way. Everything seems possible.
By 2030 we will owen nothing and be happy. Until then, a lot of smoke will scatter the light. Gold and Silver as money are undesirable because control goes back to the citizens. The possession of Gold has long been banned for employees of the BIS in Basel. Dark, uncertain years will come, but there is still time to prepare and to enjoy life.
Thank you Steve for the high quality analysis on precious metals and especially on the energy situation.
The chart showing energy consumption flat is telling. Peak became plateau. Plateau becomes stair step drops.
This article doesn’t mention large U.S. industrial corporations that use silver in what they manufacture.
If they decide to stockpile because they see price likely to go up, or availability going down, they won’t buy shares of an ETF.
Same for a few sizeable private mints.
I don’t know who delivers metal to them. Do they actually go through the Comex? Or is that mainly a shuffling shell game?