It just won't stop: another 600K oz of gold delivered to Comex vaults (mostly Brinks). Total is now over 37MM troy oz (1152 tons, more than Switzerland), or where the post-covid pile up peaked. There is zero indication this is anywhere close to peaking. pic.twitter.com/Gtl9Y140fJ
— zerohedge (@zerohedge) February 14, 2025
I hope people pull back the covers and understand what is coming. As I said before, I will take their recession and raise them a depression to restore a free Republic.
Are they worried about running into big delivery months? Moves this fast mean somethings coming.
The miners have been pretty relentlessly suppressed relative to the leverage they seem to normally have against POG. I think its a psychology control. If the PM miners start running, it’s on, baby, and everyone will see it.
I am pretty sure Hecla, and B2G are used as trading vehicles by the hedge funds because they are volatile as hell. WPM been beddy beddy good to me but the P/E has become absurd. This is not investment advice.
If this all breaks loose I’ll be up to my ass in T and A.
Gresham’s law playing out at the international level.
“If this all breaks loose I’ll be up to my ass in T and A.”
LOL, I suppose that none of the fathers of that T&A are deer hunters?
They might think poorly of their daughters being used for economic slavery. Maybe you’d not be so concerned if it was your daughter or granddaughter, I don’t know.
Or when relaxing after a busy sack time one of them might bring out a sharp knife and ruin your day.
A lover is too close not to trust them completely.
For my family Gold and Silver are for preserving wealth as to function in a normally functioning society.
It’s to sell for the coin of the realm to buy stuff. Maybe someday when money IS Gold and Silver then it IS the coin of the realm.
If economic chaos erupts, Gimme Dats are burning stuff down, the SONG of the Land is “Daddy I’m HUNGRY” and all that.
Gold and Silver isn’t very useful.
29000 dollars for an ounce of gold roughly?
Average cost a 15.5 ounce can of food (veggies, stews, canned meats and such) about 2 bucks roughly. Maybe add a few 20 pound bags of GV white rice and 8 pound dry pinto beans in that.
About 1400 cans of food, and a LOT of beans and rice.
I could do this with basic supplies to repair your home, like plastic sheeting, roofing nails, nailing strips, screen materials, plywood and such. My experience in Bosnia showed that being able to replace shattered windows and cover leaky roofs was pretty critical.
I COULD do this with garden seeds, bags of fertilizer, basic garden tools, a good ax, bow saw with plenty of blades a 22 rifle and 10K 40 grain ammo and so on.
But you get my drift, I hope.
The Great Depression was far harsher than the current history stories tell it. Folks lost their homes on the courthouse steps to bankers bidding dimes on the dollar for UNPAID Taxes for them. They were GUARDED BY Sheriffs.
Theft was still shameful when caught. Bums were offered a day labor for a dry place to sleep tonight and a meal. Our food supply was LOCAL for the most part. Kids would “Play” by going fishing for the family dinner or work in a neighbor’s garden for some veggies.
And THAT was Before we IMPORTED millions of 3rd world folks into our country, where machete law is acceptable. BTW those 3rd world folks shoot back so prepare for a two way live fire exercise.
The GREATER DEPRESSION will be far harsher.
Protect your trusted friends and trusted family members, develop a strong relationship with your God. They are far more valuable than gold or “money in that frozen bank account”.
Words of wisdom. After reading SELCO’s book about SHTF scenarios, it is apparent the future currency in the short run will be beans, band-aids, bullets, and other needful things. Legal tender silver will be useful for barter, but when the great unwashed of all races, creeds, colors cannot go to the local Super One for Pepsi, Nacho Cheese Doritos, Keystone Lite, and Lunchables for their whelps, the nightmare comes true. Those of us who have prepped and planned will not even be able to leave our homes and return safely.
Even here in predominately white and conservative Kootenai County, the mega-churches, Saint Vinnies, and the Senior Center kitchens can only provide so much in the way of sustenance. When it all runs out The Purge will start in earnest. In my A/O I am already seeing straws in the wind, with the uptick of porch pirates, shoplifting/shrinkage, and folks showing up at the local food bank. Add to that the legions fentanyl and Trank freaks who will go on rampages due to lack of dope. Thank you, Spokane.
I know this is a dated You Tube video. But if you have the time, look up FIVE REASONS WHY AMERICAN RIOTS WILL BE THE WORST IN THE WORLD. Click on the icon with the art deco portrait of Ayn Rand against a yellow background. Then when you are through, go to the John Galt Shenandoah website and read his blogvel: THE DAY THE DOLLAR DIED. It will scare the peanuts out of your M&Ms. Bleib ubrig.
Glenn Beck discussed rehypothecation and the gold activity on his program yesterday. Seems the warning signs are here.
My only concern at this time, as I have stack Gold n Silver since the 90’s. They knowing lots of people have stack tons and tons of both. Will they make it so
what we have isn’t worth what we think it will be. Or better yet try to tax you on what
you have! That’s one reason I have made purchases many of times that were cash,
No Paper Trail, just enough to be considered concern and not a serious stacker.
But even then that old song comes to mind, “You got to know when to fold them or
when to hold them.”