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When silver breaks free, it's going to turn heads.

Tariffs confirmed for Saturday. London gonna be crying uncle (Sam). https://apnews.com/article/trump-tariffs-canada-mexico-oil-afb915762af6994573353135bcd30a1b

Here's the Reuters report (no paywall). The Financial Times was quoted in the video, but that has a paywall: More: https://www.reuters.com/world/uk/london-gold-market-queues-up-borrow-central-bank-gold-after-big-shipments-us-2025-01-29/

Jump in for silver

The market isn't fully pricing in the risk of a tariff. If Trump actually pushes through a tariff on gold/silver it's going to cause some chaos in the paper markets.

https://www.bloomberg.com/news/articles/2025-01-17/trump-tariff-risks-are-fueling-a-chaotic-hunt-for-gold-in-london/

I posted vault totals for the end of December 2024 and included a new source that lists and totals a multitude of ETFs holdings in the LBMA: https://www.pmbug.com/threads/silver-demand-drivers-and-vault-totals.6364/page-3#post-121180 Also - it looks like Trump's tariff threats are causing...

Silver is creeping up in China trading on SGE/SFE.

Would that move the needle on my local retail price for physical?

Not sure if Christmas is over for y'all down under, but it's just starting over here for me. Merry Christmas.

Most of Musk's wealth is related to green energy (Tesla). I'm guessing he uses his influence to keep silver flowing.

I expect he will use it for some good and for a lot of personal profit.

FWIW, I wrote an article addressing this topic with a bit more depth: https://www.pmbug.com/threads/know-what-you-hold-gold-bitcoin-altcoins-and-government-reserve-funds.7919/

Everywhere I look people are reporting that silver demand is far exceeding production. If that were true, and prices aren't reflecting it, one would rightly conclude that the difference is being met with available supply. Yet, when I check on the vault numbers reported by the COMEX, LBMA and...

Gold to USD$6,000 in 2024?

Establishing a BTC reserve? Sure, no problem Selling gold to do so? Hell no

Trump is a bully. That's his MO. His threats with tariffs are conditional. If he gets what he wants, the tariff threat disappears. It looks like Mexico has already agreed to concessions on handling the migrant situation at the US' southern border. Most likely, the proposed tariffs on Mexico...

We really do live in a clown world.