Stacy Summary: Doom in the silver market if you were hoping to swap your silver for fiat.
In the paper silver market, ETF buyers have been accumulating silver while dumping gold; in fact the demand for silver to gold ratio is at its highest ever:
The CHART OF THE DAY shows shares outstanding for the biggest U.S. silver ETF surpassing those for the nation’s largest gold fund by the most since 2006, when the iShares Silver Trust was created. Retail buyers are sticking with silver even as prices fell 4.4 percent this year, the most of any precious metal. Gold’s 2 percent gain wasn’t enough to halt declines in selling, and assets in the SPDR Gold Trust are set for a second annual loss. — Bloomberg
And here is the silver supply of the silver ETFs going back to 2006.
I guess the hedgies are selling. Most of the selling is happening in New York where the paper is traded; they’d get a much higher price in China or India if they had physical and cared about fiat profit.
In other news:
We discuss that only those who can leave behind everything they have ever believed in can hope to escape the coming desperation. From buying water to keep your plants green in a drought to fracking for natural gas at a loss, however, it appears very few are willing to leave behind all that they believe. In the second half, Max interviews Bill Powers, author of “Cold, Hungry and in the Dark: Exploding the Natural Gas Supply Myth,” about the zero percent interest rate that keep people in the dark on the high costs of fracking and the coming 70s style energy crisis due to growing demand based on fundamental lies.
Stacy Summary: We’re in Isle of Man for the CryptoValley Summit. It’s been surprisingly good and the government regulators here are so involved and supportive of bitcoin. It’s amazing to ...
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Stacy Summary: Gold (and silver) have turned decidedly negative. Is it telling us that the next big deflationary collapse is about to happen? Markets are hitting all time highs. House prices continue to soar double digits. But something is not right . . .
Stacy Summary: If you voted, let us know what the polling station was like, what you voted, what the atmosphere is like there today, etc. As most here are probably not voters in today’s Scottish referendum, leave your opinion as outsiders to the vote, etc.
We discuss what it means that if whoever controls the media controls the mind is an algorithm that has also replaced the markets and politicians. They also discuss ‘poison pills’ circumventing democracy by guaranteeing profits come before the choices of the people. In the second half, Max interviews Xavier Hawk about Permacredits and Colony Earth.
We discuss the ‘sans dents’ as the new ‘sans culottes’ as the bubbles will continue until morale improves. They also discuss inflation without compensation. In the second half, Max interviews David Smith of the Geneva Business Insider Blog about the Swiss Gold Initiative, the impact of sanctions and the wave of anti-EU sentiment spreading across Europe.
Performed at the Yes Bar in Glasgow on Friday, 12 September.
We discuss ‘de-dollarization’ and ‘dumb’ bills which would reverse the ‘Truth in Lending’ Act. In the second half, Max interviews Jerome Booth, author of “Emerging Markets in an Upside Down World,” about sanctions, emerging market investments and the Argentine default.