I popped in at my local coin store this past Saturday on a whim as I was running errands nearby. I rummaged through their tray of miscellaneous 1toz silver bars/rounds and found a round that I liked (and have no idea what Mint it came from). LCS quoted me $33 and 15 cents. I gave him $40 cash...
You misunderstand. A week or so ago, all Dems were blindly following Sen Warren's anti-crypto crusade. The Political winds are changing now that it is becoming a political issue that threatens their position in upcoming elections. Watch the YouTube video for context.
I saw on Twitter/X not too long ago (yesterday? within the last week for sure) a tweet with a photo of a US DOD document stating that the military stockpile of silver had depleted a year or so ago (exact time was mentioned, but I don't recall the detail) and the military was now buying silver...
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...
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.
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
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