Gold and sliver news 123

you know, people are going to be sitting there on their hands thinking, my goodness, we're missing out on this. What do we do? And uh, you know, they'll probably try and pile in in a market where there is no silver. And it's leading, in my view, to the destruction of the paper silver market. The shorts don't want to be short anymore. Squeezes in commodities are a lot more vicious. And uh any squeeze you see in an investment category like stocks, this can take a commodity up three or four times over the period of a course or two. And I think we're seeing it. You're watching Silver News Daily. Subscribe for more. >> Something massive just broke in the silver market and hardly anyone is talking about it. China, the world's biggest swing supplier, has officially shut the door. No more exports unless the government says so. That's over half of global refined silver suddenly locked away just as India's industrial demand hits record-breaking levels. Combine that with the Fed's latest inflationfueled money printing spree, and what you have is a setup so extreme even seasoned metals traders are calling it historic. But here's the kicker. While silver is already spiking past $65, this is just the opening move. We're staring down a full-blown physical shortage, a collapsing paper market, and the very real possibility of $250 plus silver within a single super cycle. The signs are all there. Falling comics inventories, sky-high lease rates, and a relentless wave of institutional and industrial demand chasing a vanishing pool of physical metal. This isn't just a squeeze, it's a supernova. Stay with me because what's coming next could change everything you thought you knew about silver. I mean the the the underlying problem I think is that um fiat currencies have a limited lifespan and we're coming to the end of that era. I mean 20 what from it's what 54 years since 1971 uh August 71 when um the fiat currency era um if you like uh really started. It had been moving that way for some time before. I mean the if you look at it purely in terms of the running down of uh US uh treasury gold stocks I mean that is something that was declining from about 1950 onwards. So, um they maintained the um uh the link with gold at $35 basically by selling gold into the market to underpin the value of of the dollar. And by 1971, they could no longer do that. Um it was quite clear that um you know, demand was mounting having had the gold pool failure um uh in the late 1960s etc etc. Um the thing about fiat currencies is that it removes the necessity for for um government uh responsibility towards debt control of its uh own spending and so on. It allows politicians to borrow without consequence without apparent consequence. But of course the consequence is the depreciation of the currency and we've seen that. I mean, if you go from $35 to the current level of um $4,275 as we speak, then that is a depreciation of the dollars. There's no two ways about it. And the the thing that leads to the end of a fiat currency era is basically its debasement. And its debasement comes in the form of excess debt. And it's the deployment of debt um unproductively. There's nothing wrong with credit so long as it is deployed uh you know um productively but no we get um credit being produced by banks and also betted by the central bank maybe driven by the central bank to support consumption which is inflationary. Um governments tax savings which basically makes um uh savings unattractive. Uh not only not only unattractive from the point of view of you know you get taxed on savings um you know if you leave money in deposit or whatever and you're paid interest that sort of thing but um also from the point of view that everybody knows that the purchasing power of your currency tomorrow is going to be less than today. So why save? Just spend. So that again is destructive and um more recently what we have seen and this is really the case I think since about the year 2000 or 2002 when Greenspan uh was Fed chairman. Uh we have seen uh the deployment of credit um to boy up financial assets and that leads to a bubble and the bubble eventually goes pop. Um and then what happens? Well, we can see we we can we can imagine what happens. Um, you know, the Fed has started doing QE again. And when the bubble gears pop, um, you'll find that bank >> China just changed the rules of the game and the silver market may never be the same again. Starting January 2026, all silver exports from China will require strict government licensing. This isn't a minor tweak. It's a seismic shift. For years, China acted as the world's pressure valve, quietly releasing silver to cool down overheated markets. But not anymore. Under this new regime, silver isn't just a commodity. It's a strategic asset. And that means the global supply chain just lost its biggest safety net. Over 50% of global refined silver has historically flowed from China. With those supplies now locked behind a governmentcontrolled gate, every refinery, manufacturer, and investor outside of China is suddenly facing the same brutal truth. There simply won't be enough silver to go around. And this isn't happening in a vacuum. China's move comes at the exact moment its own internal demand is soaring. Fueled by green energy projects, military tech, and industrial production tied to rare earth minerals. The message is loud and clear. Domestic needs come first. The rest of the world can fend for itself. This echoes the same playbook they used during the rare earth crisis over a decade ago. The difference this time, silver isn't optional. You can't build EVs, solar panels, or advanced electronics without it. And as global buyers wake up to this new reality, the scramble for physical silver is about to intensify. Prices aren't just going up, they're being forcibly rerated with no swing supplier left to put out the fire. >> And um the fact of the matter is that the Fed is in a dilemma. Uh it's um it sort of thinks, you know, and it could well be true that there is a liquidity squeeze in the offing unless it does QE. uh it learned from last time that the QE that you do has got to be um in T bills or um if you like uh T- bills, agency debt, whatever of less than a year maturity because otherwise you just end up piling up losses on your balance sheet if in the unfortunate event bond yields rise. Now I mean bond yields haven't written on the announcement but I wouldn't expect that. um you know it's just got to settle down a bit. But uh there's no doubt that the background to this rather than just purely a liquidity problem is that it's getting increasingly difficult to see how with um the budget deficit running away. I mean October was a record apart from the um uh at the time of co the first month of a new fiscal year um record borrowing. I mean it's just absolutely enormous. Um I think we have to assume that that's likely to continue. Um and the problem is that uh with uh um particularly Japanese bond yields going through the roof with at the same time um the Bank of Japan raising interest rates. I mean they're saying that's what they're they're going to do. I think it's next week that they do this on the 15th. um and that won't be the end of it. Uh and so consequently, Japanese institutions who are more or less the largest collectively the largest holders of US treasuries, foreign holders of US treasuries, um you know find that holding US treasuries is not so attractive. I mean the reason they bought them in the first place is because the yield on JGBs was really derisory. So they went and buy bought US treasuries. Now, so far they haven't actually been selling US treasuries, but you can see that their appetite for US treasuries is likely to to diminish and particularly with the cut in interest rates at the front end as it were um that is is going to be even less attractive. So the Fed basically is helping Bessant fund his problem and uh they said in that statement that basically they will be buying uh short-term uh treasury debt which basically means T bills. Uh and the other side of that of course is that when they buy Ta bills um they uh credit the um bank reserves on their own balance sheet so that the banks end up with more cash. if you like um high quality deposits on their balance sheet which guess what they'll lend to the US Treasury again at the short end. So this is um funding through cash for cash virtually. It's very inflationary. Um absolutely nothing mentioned at all in the minutes about um uh how this might actually uh boy up inflation. They seem to be completely ignorant the um FOMC about. >> Just before we get going, we just launched the official Silver News Daily Telegram. To kick things off, we're running a 10oz silver giveaway. Yes, real physical silver, not a voucher, not digital credits, actual bullion. This Telegram will be our new home for real-time silver discussions, market insights, collection picks, and everything precious metals. It's where the community truly comes alive. Here's how to enter the 10oz silver giveaway. Be subscribed to Silver News Daily on YouTube. Turn on the notification bell. Comment 10 giveaway on three separate videos. Be an active member of the Telegram group and say hi. Once we hit 500 active Telegram members, we'll pick one lucky winner to receive 10 ounces of silver shipped directly to you. So, get in early, stay active. While China is slamming the door shut, India is kicking it wide open, but not in the way silver bulls expected. What's happening in India right now is nothing short of a demand explosion. In just the past year, India has rapidly emerged as a solar manufacturing powerhouse fueled by aggressive government subsidies and a national push toward renewable energy independence. That shift has created an industrial monster, one that's devouring silver at an unprecedented pace. And here's the catch. This isn't investment demand that can be turned on or off. This is hardwired, non-negotiable, inelastic industrial demand. Once these factories start rolling, they don't stop. They consume no matter the price. India's solar sector alone is now consuming a chunk of global silver that rivals some of the world's largest economies. In 2024, industrial silver demand hit a record 680 million ounces. And India played a massive role in that surge. But it doesn't stop with solar. India's EV and electronics industries are ramping up fast and every component from batteries to circuit boards requires silver. Even traditional sectors like medicine and textiles are increasing their silver usage. The result, a bottomless pit of demand that has absolutely no concern for price or availability. And this is happening in real time. Indian silver imports have surged to all-time highs, further draining global inventories. The physical metal is vanishing and the usual recycling flows can't keep up. Industrial users aren't waiting. They're buying ahead of need, outbidding investors and stockpiling while they still can. The silver that used to flow freely from vaults and warehouses is now heading east and it's not coming back. As this wave of demand collides with a collapsing supply pipeline, the squeeze is no longer theoretical. It's already started. the consequences of expanding the money supply on prices. I mean, they just say that um uh you know, prices are, you know, above the 2% level and um they think it's going to continue sort of moderately above the 2% level. Oh, come on. This is just monsters. Absolute monks. So, um now the consequence of this uh has been to push up uh gold and silver. Now, silver is a special case, but for the first time in, I don't know, a week or two, gold has suddenly really started to rise. I mean, I haven't actually seen how how much it's risen by, but it's if I can just get it up on my screen. I mean, it really has. It's motoring. Uh, hold on a second. Um, yeah, I mean, gold uh is up $52. um it's just suddenly begun to to move. Now, I don't think it's going to be very long before it uh it gets up above that 4,400 level which turned it back um uh last time. I mean, that was way back in mid October, early October, mid-occtober. So, um you know, I mean, I think that the reaction from gold and um silver though, again, I'd say there's a special case there which I'm sure we'll come on to. Um we just look at what gold is telling us. Gold is telling us that this is inflationary. And um you don't need to look terribly far to see why because um it's not just gold, silver, platinum, palladium, but the entire uh base metal complex uh prices are now moving higher and so our food prices, the raw materials and agricultural products. we have um I mean the point about this is that it's driving the purchasing power of the dollar down and it's going to drive it down very substantially. That is what the gold price is telling us. So this idea that you can you know the FOMC is expecting uh inflation still moderately above their 2% level is a load of hogwash. Next year, 2026 and into 2027, inflation is going to be huge. Absolutely huge. It's going to be destructive. What is inflation? It is loss of purchasing power of the dollar. And as that happens obviously and this will be anticipated perhaps before it actually happens bond yields will start rising along the yield curve particularly at the long end and that will trigger trigger a popping off the bubble in equities and uh today I mean today is what Thursday the 11th 12th whatever um we're seeing uh tech stocks selling off on the oracle figures which were disappointing etc all this sort of stuff but the fact of the matter is that's where the bubble is. That is where the collapse is going to come from in equities. We could well be beginning to see it. There's so many coincident factors suggesting that that is quite possible. I wouldn't forecast that this is the moment that the equity market peaks out, but um I wouldn't hold equities. Um no way. It's that's where we are. Um the FOMC uh minutes confirmed that the Fed is going full inflation and um you got to note it. >> The paper silver market is beginning to crack under the pressure and it's happening faster than anyone expected. For decades, the ComX and LBMA operated like welloiled machines, churning out contracts and maintaining the illusion of infinite supply. But in 2025, something broke. Comx open interest started to plunge down over 20% year-over-year as traders scrambled to unwind short positions and with good reason. Physical inventories collapsed to just over 30 million ounces, the lowest level since 2016. That's not just low. It's dangerously low in a market where billions of ounces in paper silver are still being traded on the assumption that physical delivery is always possible. But that illusion is shattering. The paperto physical ratio, the metric that compares the number of silver ounces promised on paper versus what's actually available, is narrowing at a historic rate. As confidence in deliverability fades, large traders are refusing to roll over contracts. Short sellers are fleeing the market, not because they want to, but because they have to. They're being cornered by a reality they can't suppress. Physical silver is running out, and the paper market can't print its way out of this one. Every time comics inventories dip or another delivery is delayed, the credibility of the paper system erodess further. Investors are starting to treat paper silver as toxic, demanding real metal, real custody, real settlement. The problem, that metal doesn't exist in the quantities needed. As more players race to convert contracts into bars, the risk of a forced unwind grows. And if that moment comes, a full-blown decoupling between paper prices and physical availability, it won't just be a price event. It will be the collapse of the system that's kept silver suppressed for decades. >> It's it's it's um an interesting situation. Um I mean, silver has been suppressed by China in terms of price for years. Um the silver institute has reckons that it's been in supply deficit for the last five or six years. And the only thing that makes up the difference is something called investment. So you've got investors if you like supplying the silver. Now within that investment total um I don't think there's an awful lot in terms of genuine investment but what there is is stock piles and this particularly includes China. And what China has been doing is that when there is industrial demand around the world, it has been prepared to act as the swing factor to keep the prices suppressed and that way of course the uh silver institutions um sorry silver institutes calculations then run into balance. China has stopped doing that. Um and uh I think there are combination of factors as as to you know behind it. I think first of all uh President Trump's um wonderful tariffs and his attack on China has woken China up to the fact that um you know you can't deal with this guy and um you know the whole of the uh rare earth thing which they've got control over that's the one thing they've got you know they got the west if you like in their grasp there and I think the other thing as far as China is concerned is that they can see that demand for silver is now going off the charts and they're not willing to supply it anymore. The reason it's going off the charts is because India is becoming a major force in terms of silver demand. The Indian economy I reckon is roughly where China was about 2530 years ago. It is dynamic. It is expanding very rapidly in terms of its production productive capacity and because it has been opening um you know sort of coal fired uh uh um energy stations uh in in numbers in big numbers um you know it's it's sort of trying to go carbon neutral by uh 2035 and the way it's doing that is that the government is subsidizing and encouraing enouraging uh major um uh conglomerates in in in India to manufacture photovoltaic salt. So you have this situation where Reliance Industries for example um is producing the most enormous quantity of uh photovoltaic cells. They're generating electricity out of these things. um and they are demanding huge quantities of silver and where do they go for it? Well, they have to go into the market. So, you can see that you've got a this squeeze happening. It so happens that China is now in the position where for years 26 and 27 she is introducing a new licensing export licensing rate. You want proof the shortage is real? Look no further than the silver lease rates because they're screaming panic in 2025. Those quiet little numbers that most retail investors ignore started spiking like never before. One month lease rates soared to as high as 19% during moments of extreme stress. That's not normal. That's not healthy. And that sure as hell isn't a sign of a well- supplied market. These rates are what institutions pay to borrow silver for immediate delivery. And when they spike, it means one thing, desperation. Someone out there needs silver now, and they're willing to pay through the nose to get it. Let's put that into context. In a balanced market, lease rates hover around 0.5 to 1%. A bump to 2% might raise eyebrows. But when we're talking 6%, 10%, 19%, you're looking at a full-blown supply crisis. And this isn't just a one-time event. These spikes have happened repeatedly throughout 2025, often coinciding with delivery stress on ComX and tightening in London vaults. We've even seen backwardation in the silver market where the spot price trades higher than futures contracts. A rare condition that only appears when physical silver is more valuable today than at any point in the future. And here's where it gets even more alarming. These signals aren't being driven by investors. They're being driven by industrial buyers and large-scale refiners. That tells us this isn't a speculative squeeze. It's a genuine battle for physical metal. Banks can't hide behind leverage when no one is willing to lease. Shorts can't survive when there's no metal to borrow. The pressure is building and the paper market is running out of oxygen. The moment lease rates go parabolic, the system hits a wall and that wall is now in sight >> with the explicit purpose of protecting China's own domestic supplies of silver. So this shortage is now showing up in the markets big time. Um I mean I saw one of you know fellow a fellow Substacker um who is very very close to the LBMA has got all the figures and all the rest of it to a greater extent than I have um uh tweeted this morning or sent a substack out this morning to the effect that um the backquidation not the backquidation the lease rate in London is back up at six 7%. um the shortage is still there. So what we're seeing is an industrydriven rerating and the fascinating thing is that um speculator interest or investor interest in the in the west is minimal. I mean what's been happening on comx is that the open interest in silver has generally been declining. Um now I think there is a bit more um if you like public interest in silver in in Asia because the Asians I think um have a greater feeling that silver is a monetary metal um and therefore is better than fair currency. But this hasn't started here yet and I can see that you know with the price soaring today I mean we're as we talk we're just under $64. Um, you know, people are going to be sitting there on their hands thinking, my goodness, we're missing out on this. What do we do? And, uh, you know, they'll probably try and pile in in a market where there is no s. And it's leading, in my view, to the destruction of the paper silver market. I mean, this is basically what we're seeing, I think, with open interest declining. The shorts don't want to be short anymore. And if the shorts aren't going to be short, then, you know, the quantity declines. And that's that's really what we're seeing. And as to where it stops, I mean the squeezes in commodities um you know are a lot more vicious than uh any squeeze you see in an investment category like stocks or um you know u currencies or bonds or whatever. I mean, you do occasionally get a real sort of squeeze in an individual stock, but in commodities, I mean, this this this can take a commodity up three or four times over the period of a quarter or two. And I think we're seeing a something like that happening in silver. >> Behind the headlines, a deeper crisis is brewing, and it's been years in the making. The silver market isn't just experiencing a temporary shortage. It's locked in a long-term structural deficit that has drained the world's stockpiles to dangerously low levels. For five straight years now, global silver demand has outstripped supply. In 2024 alone, the market recorded a 148.9 million ounce deficit. And 2025 is tracking somewhere between 117 and 149 million ounces. Again, these aren't just bad numbers, they're historic. From 2021 to 2024, the world burned through over 678 million ounces more than it produced. That's the equivalent of nearly an entire year's worth of mine supply gone. What's worse is that supply isn't responding. Global mine production rose less than 1% in 2024. Recycling is up, but nowhere near enough to cover the gap. Why? Because the silver that remains in private hands is no longer viewed as scrap. It's seen as a monetary asset. Longtime holders aren't selling into strength. They're holding out for the real move. That's left industrial buyers fighting over a shrinking pool of available metal, pushing premiums higher and lead times longer. This isn't just a problem for the future. It's a crisis unfolding now. The buffer zone of above ground stock has been eroded year after year. Vaults that once held hundreds of millions of ounces are being drained to keep the system afloat. But that game only works until the vaults are empty. And right now, we're reaching the bottom of the barrel. When you combine structural deficits with surging industrial use and evaporating supply lines, you don't get a stable market. You get a powder keg, one spark, one unexpected surge in demand or delivery default, and the entire system could ignite. >> Well, the tens I mean the tens um you get a tendency for everybody be the to be the same way. I mean in stocks that doesn't really happen. You know, you've always got sellers in a rising market in stocks. So that um there is liquidity if you like. So what you get is that when the price rises it just creates liquidity which of course is the standard textbook relationship between supply demand is reflected in the price. But in commodities it's very very different because when a commodity really starts moving all the industrial users tend to be in the same um in in the same situation and the supply is relatively inflexible. I mean you've got mine supply and that's more or less it. You might have some scrap supply and this is interesting because in India scrap supply you'd think that on a rising price like this there would be scrap supply but no there isn't. Why? Because the Indian population collectively appear to be taking the view that they'd rather hang on to their scrap silver than sell it for rupees. And I think you needn't, you know, you needn't look any further. Um I I think the the other thing is that when you get um all commodities tending to move in the same direction, then we talk about base metals a bit um which is what's happening. uh that tends to reflect a debasement of the currency in which you're measuring these things. So that is another factor which is behind this. It is certainly behind gold. Um silver has this sort of industrial demand factor in addition. Um but if you look at the the price of um base metals, a basket of base metals um priced in gold very recently it's been at the lowest level ever like um something like um less than 20% I think something like got down to about 17% of the 1900 I mean like 125 years ago value um And this has been this this sell-off has been uh really over the last um 10 years or so. I mean it really has absolutely collapse in terms of gold. Now the obvious um story there is that well it reflects gold price rising. Um the second thing is who cares about pricing these things in gold. But that that shows an ignorance of really what gold is. Gold is stable money. It is money without counterparty risk. It is money which credit used to refer to. And now that credit isn't referring to gold. It is credit that is declining and it's messing up quite a lot of relation. Just before we get going, we just launched the official silver news daily telegram. To kick things off, we're running a 10oz silver giveaway. Yes, real physical silver, not a voucher, not digital credits, actual bullion. This telegram will be our new home for real-time silver discussions, market insights, collection picks, and everything precious metals. It's where the community truly comes alive. Here's how to enter the 10oz silver giveaway. Be subscribed to Silver News Daily on YouTube. Turn on the notification bell, comment 10O giveaway on three separate videos. Be an active member of the Telegram group and say hi. Once we hit 500 active Telegram members, we'll pick one lucky winner to receive 10 ounces of silver shipped directly to you. So get in early, stay active. Chips on the way. Now if you accept that gold and history will prove this that gold has relatively constant purchasing power over periods of time then to see the value of a basket of um base metals at under 20% of where they were in 1900 and for a long time while there was a gold standard then you will understand that that basket of brace base metals is going to rise. I'm not saying when, but you know, now seems seems quite likely. It is going to rise measured in gold by a factor maybe of four or five times in order to get back to that normal level. And if at the same time the purchasing power of dollars, euros, whatever declines, then you can see that there is a massive bull market potential measured in in depreciating dollars uh for a basket of base metals and indeed we're seeing copper as you know being moving up quite happily. Now you know here is the west uh on the basis of you know it's looking like uh the economies are stagnating and so on. If you look at the feds beige book you know you get you certainly get this view if you go around the country you'll see that it's actually very very tough for the medium and smaller businesses all that sort of stuff. So you would think that there wouldn't be the demand for these metals. So why should they be rising? Well there's a twofold answer to that. That is the obvious one is that the purchasing power of the currency you're measuring it is going down. And the second thing is that there's a whole world there being run by China and to a lesser extent Russia which takes in about 70% of the world's population which is rapidly industrializing and will generate huge demand such as we haven't seen in the west for these base metals. That's why China is hanging on to her silver for goodness sake. I mean, and her her rare earth and even things like antimony, which is also part of this new licensing regime. So, um, we're going to see these base metals rising in price, and this is going to be the big big surprise, I think, in 2026. And not only that, but the declining purchasing power of the dollar means that consumer prices will also be rising quite sharply on their own valition. Inflation is going to be the big story. Forget what the Fed says. Inflation is going to be the big big killer in 26 and into 27. >> While the physical side of silver is imploding, the monetary side is quietly being weaponized and the fuse is coming straight from the Federal Reserve. In December 2025, the Fed made its latest move, a 25 basis point rate cut down to the 3.5 to 3.75% range. On the surface, it looked like cautious easing, but beneath that mild facade lies the return of stealth QE through Treasury bill purchases that look suspiciously like the same liquidity injections we saw in 2020. Add to that the fact that core inflation is still hovering around 3% and suddenly the message becomes clear. The Fed is trapped. They can't raise rates without crashing the economy. And they can't cut too fast without igniting inflation. So instead, they're inflating quietly, monetizing debt in slow motion. And every time the Fed pulls this move, the dollar weakens just a little more. For gold, that's fuel. But for silver, it's jet fuel. Because silver isn't just a monetary metal, it's a high beta inflation trade. When investors lose confidence in fiat currencies, they rush to gold first. But when the panic sets in, silver becomes the leverage play. And right now, institutions are waking up to that reality. With fiscal deficits exploding and political gridlock guaranteeing more spending, silver is being repriced as a monetary hedge, not just an industrial input. And don't think this is just a US story. Across the globe, central banks are quietly loading up on metals while offloading treasuries. Inflation expectations are being revised higher and silver is increasingly seen as a dualpurpose asset. A shield against currency debasement and a stake in the energy transition. That's a rare combination. And in a system flooded with cheap debt, it's exactly what capital is hunting for. The Fed may think it's managing the landing, but for silver, this isn't a soft descent. It's a launchpad. will be uh liquidating uh loans um by selling collateral which is what the stock is. Uh and um the selling pressure will be made even worse by foreigners who own over 20 trillion of US equities and the Fed will be in there trying to support the whole kaboodleoodle. And um just think about the amount of QE that would be required to do that and keep the banking system from going under to keep the whole derivative system from going under which incidentally Silver's sort of suggesting is a risk. Um this is this is no light um touch um job. QE is going to be have to be massive. The other side of that of course is that it destroys the value of the currency. There's no two ways about it. And uh this is what gold has been signaling. This is why gold in the recent uh months in the second half this year has saw to levels which um have surprised everybody. Um gold is telling us that this is the danger and as the danger gets more and more real, gold goes even higher. It's front running if you like the collapse of the dollar and you get the collapse of the dollar it takes all the other currencies with it because they all refer one way or the other to the dollar. So that's where we are. Um and this is why um if you look at prices generally there's going to be a huge huge supply in 26 27. This situation is very very similar to um the situation in uh late uh uh 1921 in Germany. You had a stock market which had tripled. Uh it then crashed on December the 1st. Um but before that crashed the rice mark price of gold started rising very very steeply. What do we got now? We got exactly the same situation. I mean, you know, everybody sort of um reckons that uh you know, that that uh the uh politicians, if you like, in Germany were horribly irresponsible. You know, the situation was a special situation because the French walked into the ru and you had all these horrid reputations and all the rest. Yeah, sure they had problems. But the key to understanding it is that the politicians had no option but to destroy the currency. And Hleffrick who was uh finance minister presided over this. He knew what was happening. And not only that, but this was the man who um devised the way out of the currency collapse which was then overseen. I mean the you know the recovery was overseen by by >> now all the pieces are in place and the silver market is primed for detonation. With China pulling back supply, India unleashing insatiable demand and the Fed quietly lighting an inflationary fire under monetary metals. The stage is set for a fullscale squeeze. But here's what makes this different from past silver rallies. This isn't just a price move. It's a systemic rupture. The shorts that have dominated this market for decades are boxed in on every side. The paper contracts they once used to suppress price now come with deadly consequences because the market is demanding physical metal and the shelves are nearly empty. This is what a squeeze looks like. It's not a sudden pop. It's a relentless grind of pressure as contracts get delivered instead of rolled. As lease rates spike, as the spreads between physical and paper grow too wide to ignore. Silver isn't just rising, it's breaking free. And as it does, the old pricing mechanisms lose credibility. When confidence in the paper market evaporates, the real price of silver will emerge. And it won't be $30 or $50. Some analysts believe we're heading for $250 an ounce or more. That's not fantasy. That's simple math. when supply collapses and demand refuses to budge. We've seen hints of this before, 1980, 2011, but never with all these forces converging at once. This time, the squeeze isn't coming. It's already begun. And the longer the system tries to pretend it isn't happening, the bigger the rupture will be when it breaks. The countdown has started. The only question now is who sees it in time and who gets crushed under the weight of a broken market. Uh, >> shocked. So, you know, these guys know knew what they were doing, but they were absolutely powerless to stop it. Do we see today that today's politicians would be able to stop it? I don't think they even understand what the hell they're doing, let alone know what they're doing, understand that they've got no option but to destroy the thing. They're destroying the thing from a position of complete and utter ignorance. That is today's reality. You've also got the entire macroeconomic community who do not understand economics. They do not understand money and they do not understand credit and they don't understand the difference between the two. Now that's something which um should frighten everybody. There's got to be a complete education process before they can really grasp the nettle of dealing with this. So my working assumption is that the dollar's value will go down to zero unless something comes in unless something unless there's a some politician if you like and it won't be Trump that is for sure gets the mandate you know over some window move so that he's got the mandate from the public actually to deal with the situation and it assumes that he actually understands what the problem is. Basically, what they've got to do is they got to get themselves back on a gold standard. They've got to cut public spending. They have got to allow businesses which should go bust to go bust. I just don't see where anywhere near that. Nowhere near that. And I really can't see the conditions whereby that would actually happen. >> Can silver really hit $250 an ounce? To most people, that number sounds insane. But when you line up the facts, it starts to look more like an inevitability than a fantasy. Let's break it down. In 1980, silver rocketed from under $6 to nearly $50 in just a few months. An 8x move triggered by a perfect storm of inflation, monetary chaos, and panic buying. Fast forward to 2011, and silver again spiked nearly five times from the 2008 lows, reaching almost $50 once more. Both of those rallies happened in environments far less explosive than what we're facing now. Today, the financial system is more leveraged, supply chains are more fragile, and industrial demand is exponentially greater. Start with the deficit. We've already seen five straight years of structural shortfalls. The above ground buffer is nearly gone. Add to that a rising floor in industrial demand from sectors like solar and EVs, and you get a baseline bid that didn't exist in 1980 or 2011. Then layer in monetary chaos. Unlike previous cycles, this time central banks are trapped between inflation and economic stagnation. There's no policy fix. Every move, whether it's cutting rates or printing more money, feeds silver. The market knows this, and capital is quietly flowing into metal. But here's where it gets critical. The paper market can no longer contain the price. The decoupling has begun. When comics can't deliver, when lease rates scream stress, when physical premiums surge across the board, that's when price discovery moves away from futures and into the hands of real buyers. And that's when $250 silver becomes not just plausible, but necessary. Because the price isn't being set by speculation anymore. It's being set by the desperate scramble for what's left. >> Finance.com will take you there. It's macle finance.com. And I'm sure you'll put a link in under underneath the video. Um yeah, I mean everybody is welcome. I'm trying to educate people about um you know how uh their wealth is being destroyed by this. I mean if you're a saver um you are being you know you're being taken out. you're being destroyed because the value of what you save in will go down to zero. And the only way out of it is actually to get out of credit, get out of bank deposits, get out of equities, all those things, and get into real legal money, which since Roman times is gold. And it's been that way for all the successor nations out of um uh Rome, out of the Roman Empire um in their common law uh ever since. And you you in the case of America, uh France and uh Britain basically and Spain I think also to the south colonized America and um you know the common law it was all understood that um gold is money and as the great John Pier Pont Morgan said uh gold is money all else is credit. He was absolutely right. We've forgotten this. I mean we really have forgotten it. It is extraordinary. And um you know even um Austrian school uh economists who you would think would have a better grasp of classical economics, they've lost the plot on this. They really have. In fact, they never really had the plot in the first place because they never really understood how bank credit originated. Um you know, I've had various uh ins and outs with with that community um on on on the topic. There is just so much widespread ignorance about what is going on. I think the only way in which you can protect yourself is learn to understand why it is all going wrong, how it is all going wrong and how to protect yourself from it. And that's what I try and do through my subst. >> This isn't just a price story. It's a reset. The silver market as we've known it is breaking apart in real time. With China shutting the gates, India ramping up demand and the Fed quietly stoking the fires of inflation. Every pillar that once held the system together is collapsing. The paper market is losing credibility. The physical market is tightening by the hour. And the gap between supply and demand is now so wide, it's beyond repair. What comes next is not a rally, it's a rerating. Silver isn't just being repriced, it's being redefined. If the $250 target sounded extreme at the beginning of this discussion, it should now sound inevitable. Every single force, geopolitical, industrial, monetary, is pushing in one direction and the squeeze has already begun. This isn't a drill. It's not a theory. It's happening right now and the clock is ticking. If you've made it this far, it means you're one of the few actually paying attention. So, don't just watch, prepare. Subscribe to stay ahead of the curve because in markets like this, the winners aren't the ones who react. They're the ones who see it coming. This is not financial advice. Always speak to a licensed professional before making any investment decisions.