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320.8 Moz of the LBMA's vault totals are owned by SLV as of May 9. 173.1 Moz of the COMEX's vault totals are owned by SLV as of May 9. Those ounces aren't available for industry/China/India to plunder unless investors sell. Whether restrictions are imposed (to keep the exchanges...

200 mtoz/year / 12 months/year = 16.667 mtoz/month This is in line with what is draining from the LBMA + COMEX.

Last I heard, silver is currently being mined 7:1 versus gold. If the LBMA + COMEX vaults drain to zero in the next few years, silver could conceivably rise to equilibrium at a GSR in the neighborhood of 7. Wrap your heads around that.

Did no one post the viral UK girl video here? NSIAP:

LBMA + COMEX do publish their vault numbers: https://www.pmbug.com/threads/silver-demand-drivers.6364/post-101315

Are we voting on this? I choose door number 2. Could you explain what you mean by this?

This is some American news related to the War on Crypto, Operation Choke Point 2.0, financial freedom and, IMO, the push towards CBDCs. No paywall (video and transcript both): https://www.americanbanker.com/podcast/custodia-ceo-caitlin-long-on-master-accounts-her-fight-with-the-fed

From Michael Lewis' book Boomerang regarding Kyle Bass famously buying $1 million worth of nickels in 2011:

I guess there are no reporters in Greenland?

I clicked through to the techcrunch article and the issue they raised was related to the DDG browser, not the DDG search (website). I did find a page on the Mojeek website that basically said DDG (search) gets all their data from Bing et al (which I knew, but that doesn't have any impact on...

What is wrong with DuckDuckGo? Also, there is nothing wrong with Chrome/Firefox + NoScript & Privacy Badger & Decentraleyes.

Good for gold; bad for people/economies

I'm guessing that China and India will be very appreciative of cheap metals in the West. Quite a difference between spot and SGE closing prices right now.

Looks like they had some fun. Michael did a great job. :)

Unfortunately for Zimbabwe, I think the folks running the country are also robbing them blind, but yeah, if the RBZ manages the new currency honestly, it should be a positive development for the country.

Zimbabwe has announced they will be replacing their existing fiat currency (ZW) with a gold standard currency (ZiG) backed by a basket of gold and USD: https://www.pmbug.com/threads/zimbabwe-made-gold-legal-tender-and-reintroduces-gold-standard.4966/post-98582

Seems to be some confused reporting there. Texas already established the Texas Bullion Depository. There was a bill in 2023 to enable Texas to develop a gold backed crypto with the backing gold to be stored in the depository, but the session ended before a floor vote was held. The bill is...