Weekend Food for thought Bill Holter believes a "Failure to Deliver" event is inevitable in Precious Metals.
The world as we know it:
Shanghai is 60% down in physical & India is also buying roughly 30% of yearly Ag physical supply.
London Bullion Market Association (LBMA) is dropping by about from just over 1B Oz to just over 800 M Oz in two years (May 22- May 24).
Shanghai will drain LBMA physical to supply their exchange will physical by carrying a premium ( currently around $3.50 USD per Oz. ).
Solar and other manufacturer uses has increased usage or demand of Silver in this AI /Green Energy era.
Opinion:
Using only Shanghai they're out in 2025.
Using only LBMA they're out in 8 years 2032
Once this process accelerates and become inevitable (yes I agree with Bill Holter, but I believe we won't even have to get to the Failure to Deliver before the exchanges close and physical is for all practical purposes NO LONGER AVAILABLE to the retail public.
currency debasement, deficits, and debt will only accelerate this process.
PREDICTION: by end of 2025 you will not be able to get silver for less than $500 an ounce. This value is shocking to most people because it has been controlled, like your thought process, for so long by the government.
I believe this last gap up $22 to $28 was an inkling of things to come. A very deep recession can "delay" things but with all the drunken sailors in DC spending with no ceiling (akin to massive QE) I just don't see that happening until they control the "fiscal" spending.
Mexico will want to share in this "relative to fiat" wealth creation. I seen this stock somewhere around 100 fold increase or $45 USD per share. I have put a lifetime of labor earnings behind this endeavor.
AS I SEE IT AS INEVITABLE.
Chew on that!