COMEX silver inventory at record lows of 155 million ounces signals weakening control of the banking cartel manipulating paper silver contracts as more big money stands for delivery.
Billionaire David Baitman’s purchase of 12 million ounces of silver (1.5% of annual global supply) in March 2023 could inspire other wealthy individuals and institutional funds to deploy capital into physical silver.
Taking delivery of physical metals is “kryptonite” to bullion banks manipulating prices, making it difficult for them to maintain market control.
Japanese government bonds and silver are indicating a potential major financial upheaval, with long-term JGB yields spiking massively.
Russia’s new gold exchange in St. Petersburg, trading physical gold stored at the Gausnack state mint, could undermine the LBMA and COMEX paper gold markets.
The BRICS summit is progressing towards circumventing the dollar and establishing a new international monetary system, potentially leading to a significant gold price movement.
The US economy faces potential collapse due to unsustainable debt levels, with the current $3 trillion debt burden from recent legislation exacerbating the situation.
The UK is experiencing a similar economic crisis to the US, with unbalanced trade and unsustainable debt levels due to government bailouts and quantitative easing.
The Fed is likely to cut rates aggressively next year, potentially increasing long-term interest rates and worsening the debt burden.
The UK government plans to raid pension funds by mandating investments in riskier assets and raising the retirement age to 67, potentially jeopardizing pensioners’ financial security.
The Fed paid over $200 billion in interest to banks last year, with 40% going to foreign institutions, while American households faced severe erosion of purchasing power.
Fed’s independence has become a shield against oversight, allowing it to avoid accountability for actions like interest payments to banks.
Fed’s $630 billion operating loss since September 2022 is being covered by Treasury revenues, a direct consequence of its interest payments to banks.
Fed’s interest payments to banks, at 4.4% on $3.4 trillion in cash balances, create a perverse system benefiting banks over American households.
Fed’s high interest rates are a genuine obstacle to business expansion and job creation, preventing inflation reduction through increased supply.
Fed’s rule-bound approach to monetary policy is based on the discretionary judgment of a small group, rather than sound money principles.
Judy Shelton proposes a 50-year gold-backed Treasury bond to link the US dollar to gold, providing a sound money anchor for stable monetary systems.
Calls for exposing Fed’s models and constructs to Congress to understand mechanisms and justify its powers, which have developed without regulatory oversight.
Fed’s $1 trillion in unrealized losses from long-term bonds bought at near-zero rates would be recognized if sold, potentially wiping out income and Treasury remittances.
Fed’s independence is eroded by self-funding, 14-year staggered terms, and a revolving door between Fed and Treasury positions.
StreamX aims to tokenize the $142 trillion commodities market on blockchain, focusing primarily on gold as the best store of value.
The startup plans to use its $1.1 billion funding to become the number one public holder of gold, following MicroStrategy’s Bitcoin strategy.
StreamX’s platform will enable 500 million crypto holders worldwide to easily purchase gold with just a few taps on their smartphone.
The company intends to denominate its balance sheet in gold rather than fiat currency, potentially reshaping traditional financial practices.
StreamX’s CEO, Henry McPhie, is the youngest CEO on NASDAQ with a background in crypto, starting his career with NFTs on Solana.
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