I Shrugged wrote: ↑Mon Dec 01, 2025 6:45 pm
What's driving silver now?
Impending supply shock as the LBMA's (now mostly the COMEX's) silver ocean continues to evaporate.
Silver stockpiles have also slumped in China (Shanghai). China restricts the Chinese to only selling gold to the state an treats silver much the same as gold, and has permitted (regulated) agents through which gold (silver) might be released in Shanghai to the global market - controls the flow and as such can command/direct the price.
With much of the world de-risking USD and SWIFT (US controlled international trade settlements) to adopt gold/silver/independent (separate) trade settlement systems/currencies) that relatively weakens the US/strengthens China (which in turn means the US wont be so easily able to export inflation - print/spend dollars on the like of military might).
"True wealth is your time and freedom" for many they'll be working longer for less and having their freedoms curtailed (digital currencies/virtual ID cards via mobile phone devices activity/movement monitoring). The educated know the value of holding some gold/silver, the uneducated are more inclined to belittle gold/silver.
I LOVE Mike Maloney's Hidden Secrets of Money series.
Yes, some of it is a little bit sophomoric, but it's still a great blend of information and entertainment. I also note that he was quite early to get onto the crypto-as-hard-money bandwagon. He must have done quite well for himself, assuming he's held on since then.
