It just won't stop: another 331K oz delivered to comex vaults, bringing the total to 38.3MM, just shy of the post-covid record high. At some point soon there will be a failure to deliver default. pic.twitter.com/U3RNBWtDtI
— zerohedge (@zerohedge) February 21, 2025
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Got my popcorn, Krugerands and silver Eagles just waiting.
Question: will the audit of Ft Knox trigger collapse of Comex and then equities?
Askin’ fer a fren….
I would bet that the US dollar will collapse faster.
Where is all gold we plundered from all the countries we invaded as enforcers for the ‘City of London’ (not London the over run city) the head of the Globalists demonic ‘Money Changers’ financial snake?
Come on…my best guess is its in the vaults under Wall Street…now there would be a place to AUDIT!
There is currently an 8 week lead time on delivery, the default has already happened. Europe is being strip mined for gold by the US. Much the same way the Chinese have been quietly doing to the west for years.
Prepare to see the real gold price very soon. Manipulations cannot continue forever and the end of it is soon.
Right now is a good time to invest in silver. Silver is the Poor Man’s gold. When the price of gold goes up silver will out perform gold percentage wise. If the price of gold doubles, the price of silver will quadruple. And lookout if silver ever goes back to the 15 to 1 ratio. If you’ve invested in silver that would make you a very rich man!
While I do have a fair bit of PM, in what way do you say I’ll be a very RICH Man?
I’ve a real Weimar Republic Million Mark Bill (they saved money printing only one side of the bill LOL) along with plenty of other “High Value” (at one time) paper monies made into a picture frame in front of my computer station.
None of them will buy me a cup of coffee at Mc Donalds.
In the early Victorian Era, a Fine Men’s suit cost about an ounce of Gold.
Today it still costs about an ounce of Gold.
PM’s are a STORE OF EXCESS WEALTH. They Preserve the value you put into them.
If you have in today’s dollars 10K in Gold, then when the dollar freefalls you should when the situation settles down have the equivalent 10K “Value” in whatever is the new coin of the realm.
Exactly!
$3k for a suit? You must have a fine wardrobe!!!
LOL you need to get outside the woods friend. My daily around the farm and work wear is more Walmart-Columbia level.
My Tailored Dress Blues were that expensive. Happily, I “needed” only one set.
Seriously Joe, while the fine suit (which included shoes-boots and all that) is a good way to cross time money comparisons. Kind of hard to judge the gold cost of a Victorian era snuff box today.
Precious metals are not magic, just stable values in an unstable paper-fiat money world. You may get briefly a boost in the chaos of prices bouncing around but in the LONG RUN the same thing an ounce of Gold bought 50 years ago is about the cost of that gold today BUT with the craziness of fiat inflation.
Didn’t see edit button but TODAYS melt value of 5 silver quarters is:
$29.35
That means 15/29.35 = our us money fell almost 50% since 2016.
And plain jane Walmart GV 60 pack of eggs yesterday was almost 30 dollars. Not free-range organic eggs. Restaurant level bulk eggs.
And it’s going to get worse before it gets better assuming that Trump’s folks win against the parasites and Deep State warlords.
Like the suit/gold rule of thumb, one ounce of silver per day was the wages for skilled tradesmen.
So, with that in mind, silver is extremely under valued in today’s market.
Ratios change all though history.
Value is what you can get for it.
At one time a silver dollar was worth a mans daily wage.