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“Physical Demand Will Completely Overwhelm Supply” And How Silver Could Wind Up Over $270

September 11, 2021

“Physical Demand Will Completely Overwhelm Supply” And How Silver Could Wind Up Over $270

This is Part 1 of a two-part interview with Andy Schectman, President & Owner of Miles Franklin Precious Metals, a company that has done more than $5 billion in sales. Andy is a world-renowned expert in the field of precious metals and took the time to answer some pressing questions I had about the possibility of a real silver squeeze, the precious metals market, the Fed, and the future of money worldwide. He has been a frequent guest on my podcast, as well.

A: More silver is being consumed than is being mined each year.  Last year, approximately 850 million ounces were mined globally, with a demand of over one billion ounces. The industrial demand for silver is surging in an increasingly digital world, with new applications every day in green energy and battery powered vehicles.

At the same time annual global mine supply is declining and industrial demand is increasing, a global renaissance in monetary demand is upon us.  This is happening while a handful of large Wall Street bullion banks have manipulated the price of monetary metals for decades,  allowing some of the biggest money in the world to accumulate massive amounts of physical gold and silver at subsidized prices.

The physical demand filters down from the top. Over 300 million ounces of silver were removed from the Comex market in 2020 by some of the most sophisticated and well healed investors in the world.  Settlements on the Comex are usually mostly in dollars…

…click on the above link to read the rest of the article…

When “Unallocated” Becomes Unavailable

March 24, 2021

When “Unallocated” Becomes Unavailable

US currency

For the past ten years, we’ve railed against the Bullion Bank fractional reserve and digital derivative pricing scheme. The solution has always been the removal of physical metal from the hands of the Banks and the Mints. Are we finally making some progress?

Before we begin, it is crucial that you understand this basic point: The globally recognized prices of gold and silver are not determined through the exchange of actual physical metal. Price is instead determined by the exchange of derivative contracts. Thus, the supply and demand of physical metal has very little day-to-day bearing on the derivative price. Instead, it is the supply and demand of the derivative itself that determines price.

About four years ago, I wrote the article linked below with the purpose of explaining, in as simple terms as possible, how and why this digital derivative pricing scheme benefits The Bullion Banks that have monopolistic control of these “markets”. If you’ve never read this post, please do so now:

The key pillars in maintaining this fraudulent pricing scheme are the market activities in New York and London. The CME-owned COMEX and the LBMA collective work together to manage price and the flow of physical metal that is needed to legitimize it. To understand this hand-in-glove approach, consider that Michael Nowak—the recently indicted former head of global precious metals trading for JPMorgan—also sat on the board of directors of the LBMA:

For precious metal investors everywhere, it is vital that we one day force this pricing scheme to collapse. Since The Scheme is built upon leverage and hypothecation, the only way we can win this fight is if we can force a deleverage of the fractional reserve system…

…click on the above link to read the rest of the article…

 

Let’s Get Physical: Owning Physical Gold & Silver

January 31, 2016

Let’s Get Physical: Owning Physical Gold & Silver

When owning physical gold & silver there are a few general concepts to understand:

  1. Don’t tell the world! (2 or 3 is enough)
  2. You aren’t planning on using them in regular retail businesses in normal times.
  3. The best thing that can happen to them is you leave them to your heirs (you never needed them).
  4. They preserve wealth over time (they are not intended to “make money”).
  5. They are low cost insurance for emergency money in unusual times and against inflation.
  6. You don’t have to buy them all at once (add to them as funds are available & needs change).
  7. You should also store cash (5’s; 10’s & 20’s) for use as needed for emergencies or the unexpected. Goal should be 3 months expenses or @ $2,000.
  8. Start with small denominations (change not needed & more transactions).
  9. Having a reasonable supply of things you normally use is a great addition to this plan.

What to own:

  1. Pre 1965 US dimes, quarters & half dollars (they are 90% silver & usually the lowest premium over spot silver price). Ultimate goal is $500 to $1,000 face value.
  2. One ounce silver coins (issued by a government) and one ounce silver rounds or bars (issued by private mints & companies (usually less premium than coins). Watch the premium as it varies from time to time (I personally won’t pay very much extra for American Eagles over other governments coins). Ultimate goal is 1,000 to 2,000 ounces.
  3. Gold coins (government minted as the premium is less than for silver & less likely to be counterfeit than lesser known brands). Start with 1/10th and ¼ ounce coins for the first 5 to 10 ounces and then add the half & one ounce coins. Ultimate goal is 10 to 20 ounces.
  4. Ten ounce and larger bars are good for major holdings, but are harder to store & use in daily transactions. Items of this size normally should not be stored at home (theft & insurance problems).

…click on the above link to read the rest of the article…

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