Today Gold news 126

possession is 9/10en of the law. So when this blows, if the gold is in Brussels, Italy is probably not going to get that gold back and it's probably going to sit in Brussels and we're going to say, well, you know, I know this is technically your gold, but we're going to keep we're going to hold on to it for a while. And this is usually how things like wars get started. >> You're watching silver news. >> The global financial system is a crack house and the dope is debt. For decades, the banks have been high on free money propped up by central banks willing to print, lend, and bail out at every turn. But now, the dope's running dry. The Fed's discount window, the last resort facility banks use when they're desperate, is lighting up like a Christmas tree. Insolvent institutions are lining up, whispering for one more fix. But this time, there's no fix coming. The withdrawals are starting, and the whole house is beginning to shake. What happens when the banking Ponzi scheme finally hits the wall? It doesn't just collapse, it detonates. We're talking vault seizures, forced currency resets, and metal confiscations disguised as safeguards. The ECB is already fighting over physical gold. Governments are quietly preparing to raid vaults, slap taxes on bullion, and even charge you just to mint your own silver. In the chaos, paper promises will evaporate, and only what's real will matter. and silver. Silver is about to explode. Not because of hype, but because it's being cornered from every direction. Financial panic, industrial hunger, and monetary breakdown. We're heading for a world where silver over $100 isn't extreme. It's the new baseline. But by the time the headlines catch up, your chance to act will be long gone. Stay with me because what's coming next will show you exactly how this entire system is crumbling and why silver is about to emerge from the rubble as the ultimate survivor. >> So, exactly as you said, these things show up during times of crisis and people, a lot of regular people just say, "Well, what the heck is this and why is it blowing up and what how does this affect my life?" So, I thought I would break it down and explain it here. If you're already, you know, uh, if you already read Hayek and Mises, and this is, this may be a little basic for you, but if you don't know what these facilities are, you know, I I'll get into it right here for you. So, due to the nature of the fiat debt Ponzi scheme, which is the the monetary system, I've covered this before on your episode and on my own on your channel and on my own channel, it is a Ponzi scheme in in the literal sense. It's a giant giant Ponzi scheme and every single bank is insolvent inside of this Ponzi scheme. In fact, it's impossible for a solvent bank to even exist because when you make up when you lie about how much money you have, Dunigan, you'd be surprised how much credit you can lend out if you're lying about what's in your deposit books. You can loan you can loan out at much better interest rates uh money that that you don't actually have than if you're trying to play it honest. So if there is a if there is a full reserve bank, if a bank has full reserves, then someone who has a demand deposit with that bank has to pay that bank to guard it. It's the simp you know if if you're putting money into a bank, they have to have the arm security. They have to have the uh you know the the vault that closes at night. All that stuff costs money, right? So you have to pay for that. However, if the bank next door says, "Oh, we'll we'll do it all for free or in fact we'll give you some interest rates." Most people who don't understand fractional reserve banking are going to flock to the bank with the better rates both on the lending side and on the borrowing side. Now there was uh I believe Peter Schiff uh actually had a full reserve goldbacked bank uh briefly and this was attractive to people who understand the few of us who understand what uh fractional reserve banking is and how it's a total scam. People like that were actually interested in Peter Schiff's bank. However, the feds quickly uh closed that down and made an example out of him and his depositors. And I I think there's still millions and millions of dollars uh that was seized by the feds and is just not being released. But even aside from that, you know, only a few only a few like, you know, crazy libertarian stackers understand what a full reserve bank is and how important it is. And so most people just flock to most people are just attracted to whatever the best interest rates are for either the loans they're giving out or the loans they're taking in. So as a result, all banks are insolvent. However, some are more insolvent than others. As 1984 as that sounds, right? Uh and so some banks get out ahead of the, you know, if you if you think of like a school of mackerel, if all the banks are a little mackerel in the in a in a school of mackerel, and some banks get out ahead of the other banks in terms of how many bad loans they've issued. And uh they when when the tide suddenly goes out, when interest rates start going up and those loans have to be paid back, those banks are the first ones to get uh get the axe, right? And banks trade to to to simulate liquidity. Banks will trade treasuries with each other with a repurchase agreement what's called the in what's called the repo market. >> The discount window was never supposed to be news. It was a dusty corner of the Federal Reserve, a relic used in extreme emergencies when banks were on the verge of collapse. But now it's become a revolving door. Banks are lining up like it's 2008 all over again and no one's talking about it. During the March 2023 panic when Silicon Valley Bank imploded overnight, the discount window usage exploded. And here's the terrifying part. It never returned to normal. Even in late 2025, the Fed's emergency lending is still running hot. And that's a signal the entire system is quietly rotting from the inside. This is the telltale sign of addiction. Banks aren't borrowing because they want to. They're borrowing because they have to. Liquidity is drying up. Collateral is suspect. And faith between institutions is crumbling. When banks won't lend to each other, they turn to the Fed. And when too many do it at once, it's a sign of systemic distrust. The discount window has become a scarlet letter. Access it too often and the market marks you for death. Analysts now call it the kiss of death for a reason. It's where failing banks go to whisper for help while pretending everything's fine. But they're not fine. The fact that discount window and standing repo facility usage remains elevated tells us the stress hasn't gone away. It's metastasized. The entire financial architecture is being propped up by emergency liquidity. masked by soft headlines and forward guidance. And while central banks pretend everything's under control, insiders are bracing for the next shoe to drop. Because when liquidity stress becomes visible, it's already too late. And this isn't just about one facility or one country. This is the tremor before the quake. And silver, it hears the rumble before the rest of the market does. 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. And what a what a repurchase agreement is, it's it's the in the overnight rate is to literally borrow dollars from another bank just for 24 hours with a promise to pay those dollars back uh with a little bit of interest, right? And they put up as collateral, they put up treasury bills. What are treasury bills? Treasury bills are promises for dollars from the federal government at a later date once again with interest. So a bank that is having solveny issues goes to the repo market and it says hey bank B I uh I bank A uh I need to borrow a little bit of dollars because you know customers are going to come in tomorrow and if their bank accounts are you know if they try to withdraw cash and it's not there uh we're going to have a bank run. So, please take my promises for dollars tomorrow, which are these treasury notes, and loan me this money for 24 hours. Loan me these dollars for 24 hours, and I will pay you back. And normally, when the banks when there's enough liquidity in the system to keep this thing going, that's fine. You know, there's there's no real problem in the uh in the repo market. However, if because this is a Ponzi scheme, the debt must grow and the M2 also must grow at an exponential rate. If it doesn't grow fast enough, banks start running out of dollars. It's simply a function of the Ponzi scheme. And so when the when the Federal Reserve is committed to fighting inflation in these brief periods before they turn the money printers back on, we start hearing about banks running out of money. And the reason the repo market seizes up is that insolvent banks run out of dollars and they are unable to buy back the treasuries the next day. So, this is a 24-hour loan, mind you. Bank A goes to bank B says, "Can I borrow dollars for 24 hours?" And then 24 hours later, bank B says, "Okay, I need those dollars now. Hand them back over." You know, and bank A goes, "Oh, geez, about that. Yeah, I I don't have those." So then both a bank A and bank B are in significant trouble. And so when debt frontunning banks run into trouble, they have to go to what's called the discount window. Now, the discount window was originally created as an idea to save banks, but it actually is a kiss of death to a bank because it reveals complete insolveny, right? It's like going to if you're if you if you and a business partner, you and a few business partners, let's say you're loaning whatever you you work in some kind of business and you're loaning money to each other, right? And but one day you run out of money and you decide, I I need, you know, no one else is going to loan you much. So, you decide to go to the Godfather, right? You go to the mafia. You go to the godfather. You're saying, "Oh, geez. Oh, godfather. Uh, I've run into a little bit of trouble. I need to borrow a lot of money and I need to borrow it like right now and and I'll pay you back, you know, and the godfather says, "I'm going to loan you the money." You know, uh, when you go back to your friends, they're going to be horrified. They're going to say, "You borrowed money from the godfather. Do you know what he's going to do to you if you don't pay him? Do you know what he's going to do to you if you pay us back first? He's going to throw you in the river and he's going to come after us for the money that you owed him because you paid us back first. There's no way we're loaning you any more money now. And because every bank needs to constantly be borrowing money from each other to keep keep this liquidity thing going, the the the discount window is basically the kiss of death. Uh I I as far as I know, no banks have survived a large visit to the discount window. There might be some somewhere that has managed to survive it, but usually uh a bank that visits the discount window is quite, you know, very soon after shutdown. And this just shows that the people that designed the discount window, the people that created the system have no idea what they're doing because they thought this was going to be some way to save banks. But actually, it's, you know, like I said, it's the kiss of death to While Wall Street analysts obsess over interest rates and inflation forecasts, a much darker story is unfolding beneath the surface. Global banks are running out of dollars. Not just liquidity, actual access to the dollars needed to survive. The ECB is scrambling. Emerging markets are suffocating. Even developed economies are quietly panicking. And why? Because the global financial system, for all its complexity, runs on one simple fuel, US dollars. And that fuel is evaporating. Here's what they won't say out loud. The dollar shortage is engineered chaos. As the Fed tightens, pulls back liquidity, and then teases easing again, it sends shock waves through the entire global banking web, foreign banks, loaded with dollar-dominated liabilities are suddenly cut off from lifelines they thought were permanent. That's why the standing repo facility is lighting up and why whispers are growing louder about an upcoming liquidity event that makes 2008 look like a preview. Behind closed doors, central banks are already fighting. The ECB, Bank of Japan, and others are in a silent tugofwar over gold, collateral, and dollar swap lines. Everyone's smiling publicly, but behind the scenes, it's every bank for itself. And when dollar access dies, trade seizes, settlements fail, and trust vanishes. The entire post Bretonwood system begins to buckle. This is where silver enters the equation, not just as a hedge, but as the fire alarm. Because when banks scramble for collateral and dollars vanish from the system, investors turn to what can't default, can't dilute, and can't lie. Silver doesn't need counterparty trust. It just is. That's why the cracks in the global banking system aren't just warnings. They're the sound of a coming stampede out of paper, out of fiat, and into hard physical reality. >> Okay, so this is the discount window. Uh this is the evidence of what has been going on in the discount window. And as you can see, not much. It looks like not much has happened between 1950 and 2005. But if you zoom in, you can actually see a quite a bit has been happening uh in those periods. These are banks visiting the discount window. I'm I believe when it goes negative, it's it's a part at least a partial repayment of that of that uh of the loan that was taken out of the discount window. Now, a couple of these go below the loan that was originally taken out. I'm not exactly sure what this is, but you could see that it is uh you know these are banks tapping the discount window, but this was considered like an emergency situation in 1984. Uh and now in 1987, we actually had a savings and loan crisis, but the discount window was not tapped because the savings and loans were not part of the Federal Reserve system. So, they just let the savings and loans go under. And they said that'll that'll teach you all to stay out of our Ponzi scheme. But if we go back to the main window, so even though banks did fail up until 200, you know, 2008ish, uh the big hit was 2008 when suddenly it went bang, right? And billions and billions and billions of dollars were being borrowed from the discount window and overnight transactions, right? The the the banking system was completely out of liquidity and then lo and behold, it went completely flat again for another 14 years. So what happened in that period? What's going on here in this in this period here? The answer, Dunigan, is quantitative easing. The Fed engaged in quantitative easing and that got rid of that that pumped so much more liquidity into the system that banks no longer need to tap the discount window. But then lo and behold, what happened in 2019? Uh we started we we uh the Federal Reserve decided to uh stop quantitative easing. Oh, we're done. We're serious about fighting inflation now. We're absolutely gonna stop printing money at an ex at a you know an amazing rate and we're going to go back to sound monetary policy and then oh boop little little uh little little crisis here and then of course we had the mysterious panic of unknown origin mysterious virus of unk unknown origin which caused uh you know the Fed to have to go back to uh an enormous I mean a vertical money print if you look at the co print the money supply went absolutely vertical for that period and then they said okay that that needed to be done because of the mysterious virus of unknown on origin, but now we're super duper duper serious. We're never going to print again. And of course, but because they had printed so much that was able to >> The entire global economy has been built on a lie. A lie that debt can expand forever without consequences. For decades, governments and central banks have sold the illusion of growth while hiding the rot behind stimulus packages, quantitative easing, and zero interest rate policies. But here's the truth they never wanted you to understand. The system doesn't function without new buyers of debt. And now there are none. Foreign demand for US treasuries is collapsing. Japan and China once the biggest holders are offloading. Central banks are turning inward. Gold is being hoarded and sovereign buyers are quietly preparing for what comes after the dollar. And that leaves one entity holding the bag, the Federal Reserve. The moment the Fed becomes the primary buyer of its own government's debt, the Ponzi scheme is no longer hidden. It's exposed. This is why the entire fiat system is at a breaking point. The mechanics are no longer theoretical. They're visible. Every trillion printed to keep markets afloat widens the hole underneath them. It's a treadmill that can't stop, but every step makes the fall harder when it comes. Inflation isn't a bug. It's the final stage of debt monetization. And when inflation meets default risk, that's when faith in paper dies. The irony, they still pretend this is sustainable, that interest rates can fall, debt can rise, and somehow it will all balance out. But it can't. The world is running on IUs, and no one's signing anymore. That's why gold is rising, but more importantly, why silver is gaining even faster. Because when a monetary system breaks, the most undervalued, suppressed, and ignored assets become lifelines. And silver, it's been preparing for this reckoning for decades. Kept the tank full until very, very recently. And now there was a there was the Silicon Valley Bank issue. And now you can see it's getting very jittery here. We haven't had a big spike up yet, but if you ignore these big spikes, this looks like it's the biggest precrisis uh, you know, jiggliness of the graph we've ever seen. If you ignore the giant spikes and just look at this little jiggly wobbly stuff here, you can compare it to here. It looks slightly bigger. So, I think we're about to see a massive spike up again, possibly, you know, up into up into this region. Now, in addition to the discount window, the big So, the discount window is for the that's for the mom and pop uh um what do you call those? The um what did you say? Yeah, regional banks and uh credit unions. That's the word I was thinking of. So, the the discount windows for the mom and pop regional banks and the credit unions, the big banks get special treatment from the Fed. They get what's called uh what's now called the standing repo facility. So if we go over and we look at the uh treasury securities purchased by the Federal Reserve in temporary open market operations, only the big banks have access to this. This is your Wells Fargo. This is your Bank of America. This is um uh you know your JP Morgans, right? They all have access to this. The little banks have to go to the discount window and die. But when a big bank runs out of money, the Treasury is or sorry, the Federal Reserve is right there to save them. So you can see the dis the repo window was tap tapp tap tapp tapp tapp tapped but it wasn't tapped that much in 2008. I'm going to get back into that in a second. The the Federal Reserve did not buy too many Treasury securities from the uh from the banking system from the big banks in 2008. I will I will cover that in a second. But let's zoom on over here to 2020. Oh my goodness. The the banks needed a the big banks needed a gigantic bailout. And once again, it plops down to zero because of quantitative easing. Uh, and 0% interest rates in quantitative easing. Then they're super serious about stopping inflation. And now we are, you know, spiking back up. And we're probably going to see once again, you know, if I was a betting man, and I'm not, but if I was a betting man, I'd say we're going to be up here very, very soon. Now, what happened in 2008? How come the Treasury markets uh were not uh how come they didn't put up a bunch of collateral treasuries with the Fed? Well, it turns out they just put up mortgage back securities with the Fed in 2008. So, the Fed will also buy the Fed will not only buy your garbage debt from the government. The Fed will buy your garbage unpayable mortgage back securities and they'll buy other things from the from the large banks, too. But you could see right here, they posted uh these are these are mortgages that will never ever be paid back, but the Fed treated them as money good and handed over dollars and uh handed them right over to the uh the banking system. And this follows a very similar trajectory as the uh as the Treasury window. It's just more garbage that the that the banking system can throw at the Fed and the Fed will buy uh whenever they need to. When fiat systems collapse, governments don't go down quietly. They go hunting. And the first targets aren't stocks or crypto. They're real assets, tangible, unforgeable. In moments of true monetary crisis, governments turn their attention to gold and silver. Not because they want to, but because they have to. They need trust. They need backing. And when confidence in their paper dies, they'll do anything to rebuild it. Even if it means raiding your vault. This isn't speculation. It's historical fact. In 1933, the US government confiscated gold from private citizens under Executive Order 6,1002. Overnight, owning monetary gold became a crime unless you handed it over to the Federal Reserve. And what followed? A devaluation of the dollar. They stole the people's gold, then revalued it higher, stealing the purchasing power right out from under them. That wasn't an isolated event. It was a blueprint. Today, the setup is worse. Central banks are boxed in, currencies are collapsing under their own weight, and gold is already being repositioned behind the scenes. But silver, silver is the sleeping giant in this equation. As gold becomes harder to source and its value soarses, governments will shift their attention to silver, especially as its dual role as both monetary metal and industrial backbone becomes impossible to ignore. What happens then? New taxes, new restrictions, windfall levies on capital gains. And most dangerous of all, a new system where you'll be forced to trade your silver into the currency they create next. The concept of pay to mint is already circulating. You bring your silver, they give you tokens. Sound far-fetched? That's exactly what happened in postcolapse economies from Argentina to Zimbabwe. And when the headlines shift from inflation to rebuilding trust, you'll know it's begun. At that point, if you don't already have physical silver in your possession outside the system, you may never get the chance again. So precoid the repo facility was ad hoc but after co there's now a standing 247 uh repo facility and the fed right now is openly complaining that no one is using the standing repo facility and the answer is the question is why not right the answer is because it's still a sign of complete insolveny the discount window and the SRF are essentially the same thing you're going to the Federal Reserve and saying I'm out of dollars here is my garbage debt please give me dollars now if you think of 's sort of analogy of like a crack house, right? Whether you buy your crack from a dealer on the street or if you go to a fancy oak panled crack house with leather upholstery, you're still doing crack. And if anyone sees you doing crack, it's impossible to escape escape the stigma of being a junkie, right? There's there is no situation on earth where I can smoke crack and no one will think, "Oh, yeah, he's really got the situation under control here." You know, it's it's it's definitionally true. So, if you're smoking crack, you're a junkie. There's no such thing as a mild amount of crack. And there's no such thing as, oh, I'm just going to visit the discount window for a little more uh a little more liquidity and I'm going to I'm going to write the ship tomorrow. It's the it's the exact same phenomenon. So, if the Federal Reserve and and to this these the discount window and the standing repo facility are probably going to enter the news very very soon in a big way. I mean, I'm talking mainstream news, you know, CNN, MSNBC, you know, all Fox News, all these guys. They're probably going to start talking about it very soon because if the Fed does not go back to 0% interest rates and with QE fast enough that the discount window and the SRF are going to have to be tapped. They simply are. Now, if they do, if tomorrow, you know, if the new Fed chairman comes in and he immediately turns on, you know, full pedal to the metal liquidity injections, uh, then we may not hear about them. We're just going to go straight into the into the hyperinflation without the without the bank panic. But if they do, we if they don't, we will hear about these. So either way, the endgame should be right around the corner where we have, you know, money littering the streets and a return to the gold standard. Uh while scary, I'm optimist. >> Here's the brutal truth. Once trust in the system breaks, it doesn't just stop at paper currencies. It spreads to vaults, to custodians, to anything the government can touch. In a true monetary reset, private ownership of precious metals becomes a threat to state control. And that's when the vault raids begin. Not with brute force, but with laws, taxes, and regulations dressed up as emergency measures. Imagine waking up to find your allocated bullion frozen under a national emergency order. Your silver ETF halted. Your overseas vault blocked by border controls. It's not paranoia, it's precedent. We've already seen nations seize private pension funds, restrict ATM withdrawals, and impose capital controls overnight. Why would they treat precious metals differently, especially when those metals represent the last form of real money outside their reach? But it won't stop there. The next phase is wealth locks. New forms of capital reporting, patriotic contributions to stabilize the currency, forced conversions of your silver into the next central bank digital token at a rate they control. And if you resist, good luck transacting. The system will be designed to make resistance impossible. They'll justify it with phrases like national interest or currency stabilization. They'll frame private metals holders as speculators or hoarders. And the public, panicked and desperate, will cheer for the crackdown. History always rhymes. And in the chaos of collapse, people always trade freedom for a sense of order. This is why true protection doesn't come from holding metals in someone else's system. It comes from possession. Because when vaults get raided and ETFs freeze up, the only silver that matters will be the silver you can actually touch. >> Well, every single bank in the world, it's not just American banks have useless currency. Every single bank in the world is completely insolvent. This is going to be a big one. When when it does when the banking system does collapse, it's going to be the global banking system. But shrewd observers are absolutely noticing that something is seriously wrong because if you I I don't know if you saw this in the news, Italy just told the European Central Bank, hey that gold is actually ours where you know it's not it's not the ECB's gold, it's Italian gold. And the ECB said you should refrain or you should rephrase your question. So they're already starting to have fights over the gold. you know these these giant vaults of gold government at the government level people are starting to have fights over who is actually in possession of the gold and this you know just like with the personal level you know at the personal level possession is 9/10en of the rule of the law so when this blows if the gold is in Brussels Italy is probably not going to get that gold back and it's probably going to sit in Brussels and we're going to say well you know I know this is technically your gold but we're going to keep we're going to hold on to it for a while and this is usually how things like wars get started over over the piles of gold So hopefully it doesn't get to that, you know, hopefully uh you know, hopefully it's all resolved peacefully. And this is way beyond my ability to control. >> For years, the paper silver market has operated like a magician's trick. Slight of hand, layers of complexity, and just enough confidence to keep the illusion alive. Futures contracts, unallocated accounts, ETFs, all promising exposure to silver without the need to ever touch the metal. But when the system comes under pressure, these promises evaporate. And when fear spreads, paper silver is the first to burn. Here's why. Most of the silver traded on global markets doesn't exist. It's synthetic exposure. Contracts backed by fractions of real metal rehypothecated across multiple accounts. In a crisis, the math doesn't work. A 100 people believe they own the same ounce of silver. But only one will get it. And when that realization hits, the rush for physical delivery begins. That's when spreads explode. Premiums skyrocket and trust in paper collapses. We've already seen the cracks. In 2021, during the retail driven silver squeeze, premiums on physical bars and coins exploded even as comics prices stayed suppressed. Dealers ran dry. Vaults were drained. And yet, paper kept trading as if nothing was wrong. That disconnect, it's not fixed. It's worse. And now the stakes are higher. With the global banking system on edge and real metal inventories at multi-year lows, the moment confidence slips, the entire paper silver edifice risks implosion. ETFs like SLV don't guarantee physical redemption. Futures markets can settle in cash and unallocated accounts. They're nothing but IUs. In the next wave of financial panic, counterparty risk won't just be a theory. It'll be a front page crisis. And when silver holders realize the only asset that counts is the one they physically control, the scramble will begin. Not for contracts, not for shares, but for ounces. Real tangible ounces that can't be printed, paused, or seized. And in that moment, paper silver dies and physical silver goes parabolic. >> Sure. I mean, it's it's not just the mass migrations. is the debt is fueling all sorts of silly ideas like the um the gender ideology and all these other things that have been going on. So the western world is noticing a surge in immigration from countries many consider uh incompatible cultures to ours. I mean these are peoples who have lived a different way of life from us for for centuries if not millennia and they're suddenly being you know plopped on our shores both in Europe and in America. And there are a you know the news the news especially the alternative news is just full of these stories of you know completely incompatible uh you know cultures and societies you know clashing together and bad things resulting from it and those coming in tend to use public services at much higher rates than the native citizens paying into the system and I I'm ex I'm against public services period for this very reason just because you know people come in and start abusing as as soon as you have a public service, people are going to start abusing the public service. But this this is that's another topic for another day. If we're going to have the public service, uh you know, the the new people coming in who have never contributed to the system are suddenly using these public services at very high rates and it's driving the native population insane. If you go to, you know, if if you look at the United Kingdom, I've heard people talk about they go to visit the NHS and the, you know, the emergency room or the waiting room is just full of, you know, Pakistani granny's and, you know, these little ladies and they never, you know, they didn't particularly hurt anybody, but this is their first time in a country with medical care. So, they have all their wounds and, you know, all their joint pains and stuff that they've accumulated over their their lives and they're getting free healthcare. So, they're, well, I'm going to go, you know, I don't care if I have to sit 12 hours. I don't have a job. So, I'll go sit in the NHS waiting room until the doctor can see me and I can finally get, you know, this tooth infection looked at and this joint thing. But once again, they have never once paid into the system. So, the natives are the natives are restless because of these these situations. So, the but the question is, you know, the native population is saying to the politician, in fact, we've been voting anti-immigrant uh for for decades now. the politician who gets up on stage and says, "I will shut down the border." is the one who gets all the votes. Now, up until very recently, uh the politician who did that, as soon as he got into office, well, we can't really, you know, we have to think of the farmers and who need the strawberry pickers and we have to think of uh we have to think of GDP, right? I always said, well, if we do that, you know, the GDP is going to go down, right? So, why is this happening? Why are the politicians complet you know if they promise to do it either they either they prom either they say diversity is our strength and we have to let in as many people as possible or they you know they promise to stop this and then when they get in they completely betray it immediately. Uh to put very simply the debt must grow. This is actually a function of the monetary phenomenon as I spoke before because this is a debt ponzi the debt must grow at an exponential rate. There is no such thing as a fiat currency. All exit currencies are unbacked gold derivatives. So to keep the currencies from collapsing, like I said, the debt must grow at an exponential rate. So to a central banker, exploding debt is good. When the de when the central banker sees the debt going at a vertical level, that is a good thing. That keeps the debt that keeps the system going. To a politician, happy bankers are good because happy bankers contribute to their to their political campaigns. airgo. They will do absolutely anything to keep the debt growing exponentially and will even brag that all this misallocation of resources boosts GDP because government spending is GDP is part of is part of GDP. So migrants migrants arrive all mass and go on public benefits. You know the welfare system, the food stamps, the public healthare, the public education, all these things. The public services isn't just a monetary hedge. It's the lifeblood of the modern world. As the financial system stumbles toward collapse, industrial demand for silver is quietly exploding in the background, creating a supply vacuum that no central bank can print its way out of. And unlike gold, silver's role isn't optional. It's essential. Solar panels, electric vehicles, AI data centers, high-spe speed 5G networks, every single one of these technologies relies on silver. Not in bulk, but in critical components that can't function without it. In 2025 alone, industrial demand is expected to reach 675 million ounces, and that number is climbing. Photovoltaic applications alone are already consuming more than 230 million ounces annually thanks to a global push for energy independence and aggressive decarbonization targets. But it's not just the volume, it's the type of silver being consumed. Newer solar technologies like Topcon and Heterogunction require 30% to 50% more silver per panel than older models. And while manufacturers try to thrift, the physics fight back. Silver's conductivity is unmatched. There is no true substitute. That's why demand keeps rising even as prices climb. And then there's AI and big tech. The infrastructure required to power next-gen data centers, electric grids, and high efficiency electronics is increasingly silver inensive. These aren't speculative trends. They're embedded in policy. Nations are legislating demand through green mandates and energy transition goals, locking in multi-year industrial silver growth regardless of what happens to GDP. So, while most investors are focused on inflation or interest rates, they're missing the real squeeze. A once- ina century overlap between monetary panic and industrial boom. Silver is being pulled in two directions at once. Financial chaos is driving safe haven demand while the physical economy is devouring supply. And when those forces collide, the result isn't a rally. It's a supernova. >> Sure. So, gold is the money of governments, banks, businesses, and the wealthy. And silver is the people's money. always has been, always will be, right? Where we've just been in a we've been in a brief 50-year period where they were trying to pretend that this is not a universal truth, but in fact is and on the other side of this panic, I I know it's it's living in this world right now, it's it seems impossible that we're going to be trading silver coins again. If if if logic is a guide, then we absolutely will be using silver coinage once again. So, a viewer asked me on my channel, how is the state going to issue new silver coinage post crash if it has no silver to mint, right? Except for a token amount of silver eagles, the US mint has not produced silver coinage since 1971. And not really since 1964. I mean, the 19 the from 1965 to 71 was 40% half dollars or something. You know, they were they were scraping the bottom of their silver deposits to try and produce some sort of coinage. Um, so the first thing I want to emphasize is that private currency can absolutely function with no problem. in fact would it would function better than sovereign coins. So what would if we were in a libertarian utopia where the government just said, you know what, we we really hashed things up. We're just going to let the private market handle silver coinage from now on or handle coinage period from now on and we'll just text tax people in in ounces directly and they can pay however they want. What does that look like? So different companies would start producing different coinage and over time now that sounds really I the the initial reaction viewers going to say well that sounds extremely chaotic right if you're if I'm producing dollars this big and you're producing dollars this big and someone else is producing dollars that big how on earth are we supposed to you know price things out uh very quickly a standard size and purity for various coins would emerge much like a USB port for electronics right we all you know there's a million different devices that use USB ports but they all use the same USB port. We no longer have computers with, you know, their own, you know, where each brand has its own port that you have to buy a specific, you know, doohickey for that one port. The USB is a generalized port. So, the different companies, they're all going to have the same size and purity of silver. Uh, it, you know, the market's going to price, I have no idea what it'll be. The markets are going to figure that out. Would figure that out. This is, this is not going to happen because governments never let this happen. And this is but in a hypothetical libertarian world what would happen was the market would establish a standard size impurity and then the only thing different between the coins would be the stamp of you know the stamp of the of the company upon those coins right so there would be you know some with sharks and some with you know uh patriot images it's just like private rounds today right all the private rounds are 1 ounce of silver but they all have different stamps upon them and that stamp is what marks the the different branding of the companies so the companies would constantly be testing each other each other's coins to look for counterfeiting so they could demonstrate their coinage was superior. If I you know what's if I'm Scottsdale Mint and I see Asah Mint is producing inferior coinage the first thing I'm going to do is test it and then I'm going to go I'm going to put a news article out or I'm going to put up a YouTube video where I say see you know Asah Mint is producing inferior coinage to my superior Scottsdale mint all my all customers should come to us. The silver market isn't tight. It's suffocating. For three straight years, global demand has outpaced supply. And 2023 alone saw a deficit of nearly 230 million ounces. That's not a short-term blip. That's structural failure. Mining output is shrinking, inventories are vanishing, and yet demand is accelerating across every sector. This isn't a temporary squeeze. It's a fuse. Let's talk numbers. Global mine production fell in 2023 down to around 830 million ounces. Mexico and Peru, two of the top producers, both saw significant declines due to social unrest, environmental crackdowns, and aging reserves. Meanwhile, industrial demand and investor accumulations surged. By the end of 2023, ComX registered silver had collapsed from a 2020 peak of 346 million ounces to just 82 million, over 70% gone. The LBMA wasn't much better, bleeding over 300 million ounces from its vault since 2021. That's why premiums are rising, delivery delays are growing, and large buyers are turning to long-term offtake agreements, locking in silver before the market runs dry. Sovereign buyers, manufacturers, and major funds are quietly stockpiling while the public still believes silver is just another metal. But it's not. It's becoming a bottleneck. And the supply side, it's trapped. Years of low prices discouraged exploration, permitting delays. ESG regulations, and geopolitical risks are killing new projects before they start. Silver miners aren't booming. They're barely surviving. And without drastically higher prices, no new supply is coming online. This is the engine room of the coming explosion. A market with chronic deficits. Falling production, collapsing inventories, and rising industrial strain. The price doesn't just need to rise. It needs to go parabolic just to clear demand. And that's before we even factor in the panic that will come when the world realizes the shelves are already empty. 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 for silver for their silver needs, and they'll constantly be testing each other. And that competition will keep the currency from ever degrading. The currency will never debase because the second it does, the company will be shamed into pure currency again. Now, this would be the ideal situation. It's probably never going to happen uh at least for very long. It might happen in the initial stage of the crash, but governments always always always grab control of the money and currency. It's just it's just one of the first things they do since ancient Babylon. You know, the first kings of ancient Babylon noticed that people were trading in, you know, little copper discs and we're like, well, we're going to take those. We're going to put we got to put the, you know, king uh what's his name? I can't remember his name, but King Sullean or whatever the the the the ancient king of Babylon's name was. We're going to put his face on there. Right. Um, so the question is if the state is going to start new minting silver coins or minting new silver coins, where is it going to get the government where is it going to get the silver to do this? So the government is going to collapse by about 95 to 99%. And it's probably going to find it has more assets like land than it can manage now. Right? The when the government was gigantic because it's artificial, it's bloated and artificially large because of the inflationary system. This is the the government is living in a world where there's 90 million tons of gold. But surprise surprise, there's only 8,000 tons of gold, right? So the government has to live in a world where only where it only has 8,000 tons of gold ostensibly, maybe even much, much less in Fort Knox. So because the government has to shrink, it's going to say, well, we have all these national forests, national parks, all this military bases, all these things the government has seized over time. it's not going to be able to manage them and it's probably going to start selling these assets and we we witnessed this. This is evidenced we saw this at the fall of the Soviet Union. It could sell set assets very cheaply for raw gold and silver and then mint that into coinage which they can then use to pay government salaries, the military salaries etc. Right? So that that is how it would uh you know that's how what the remnant rump state of the government would would continue to function by auctioning off its assets in the panic just like everybody else will be auctioning off their houses in the panic. I do want to caution your viewers particularly some of your viewers are probably extremely well healed. I mean I know you've talked about selling you know millions of dollars worth of gold and silver to people. Uh things I I'm not even joking, Dunigan. Things like submarines and F-35s are going to be for sale. And things like Old Faithful or, you know, one of the heads on Mount Rushmore or the Statue of Liberty, these things literally might be for sale. Don't buy them because when the government does reform, it's going to take them back. I know I know some of your viewers are, you know, more of the libertarian mindset saying, "Well, our, you know, the founding fathers wanted me to be able to maintain, you know, a a modern arsenal. It was not just private rifles. I should be able to have an F-35 parked in my driveway. Uh, it's my right as a citizen." >> In December 2025, silver quietly made history. While the world focused on gold edging higher, silver exploded, hitting nearly $60 an ounce on comics, shattering its all-time high and outpacing gold by a wide margin. And here's the part no one's talking about. This wasn't a speculative spike. It was a signal, a warning, a taste of what's coming next. Why? Because every major macro force that launched silver to those levels is still accelerating. The Fed has pivoted hard toward rate cuts. Real yields are collapsing. And inflation, despite what the headlines claim, isn't dead. That means the opportunity cost of holding silver is vanishing, just as its use cases multiply and its supply implodes. But the real launchpad is psychological. Silver has always lagged, always been the underdog. But once it breaks out, it doesn't just move. It slingshots. In 1980, it went from under $6 to nearly $50 in weeks. in 2011 from $9 to $49 in under three years. And now the conditions are stronger, the deficits are deeper, and the market is tighter than it's ever been. A move past $60 isn't the end. It's the ignition point. Once silver convincingly breaks into new territory, the ceiling is gone. Price discovery becomes a panic. Industrial users rush to secure supply. Investors pile in trying to frontr run a shortage. and governments, they'll be watching nervously, knowing that a surging silver price is a direct vote of no confidence in fiat itself. This is how silver makes its run to $100 and beyond. Not through hype, but through math, through supply and demand, through a complete revaluation of what silver actually represents in a broken system. And the scariest part, the market still hasn't priced any of it in. Not yet. >> You know, uh, ideologically, I'm I sort of agree with you. However, if you want to be realistic about it, uh when the government does reform, if you're hold if you have an F-35 in your driveway, you're probably going to get arrested. So, don't and don't buy don't buy Old Faithful either. The government's just going to nationalize that again later. But there are things you can absolutely buy from the government. National forests, if you want to buy some national forest land and then turn it into um you know uh build a house on it, well uh when the government tries to seize it back, it's not going to be national forest land anymore. It's going to be your house. That land will be your building, right? There's going to be a building there. They're going to say, "Well, that's not a that's not a national forest anymore. It's somebody's house." So, you can There are things you absolutely could buy and privatize, and they probably won't even come back for. I mean, there's enormous enormous sections of federal land that they're probably just going to abandon uh and and sell off for raw gold and silver. And as long as the government stays small, we'll probably never hear from them again about that. Uh the second point, the second way to get silver out of the people besides auctioning their land off at a fire sale is called seniorage. So the state typically mandates official coinage for all transactions and then charges a fee to mint the coinage. So they'll tell all the stackers, they'll say, "Stackers, you got us. All right, turns out our money was fake. Uh we have to make silver again. So tell you what, you bring us your 100 ounce bars of silver and we will give you, you know, 98 ounces of silver coinage back, right? That senior is the the fee that the difference, those 2 ounces was the fee that the government's charging. They're taking off the top in order to turn your silver into official silver coinage. And then you can go and spend that those official silver dollars as you would have normally in 1910, right? So the the new coinage could be incompatible with constitutional silver. There's there is no guarantee at all that the coinage in 2027 or 2028 whenever whenever you know whenever we get back onto a silver standard. There's no guarantee at all that they're going to pick the exact same weights and purities that they had in in 1960. Right? they might come up with a brand new scheme in which case the constitutional silver is going to be invalidated as as as money. Uh it will just be it'll just be like private rounds. So you'll have to take those in for the new coins and you're going to have to pay the senior edge on that. In fact, if I I would I would probably expect that they are going to come out with some sort of new coinage system that's not going to be related to the historical coinage system. So those two those two are the more benevolent ways the government can get its hands on some silver. Let's go into less benevolent options for our overlords. So, first off is seizing large silver vaults to mint the coinage. They could just grab the comx or, you know, grab the private vaults that are attached to the comx because there's huge vaults full of silver even though the silver is privately allocated. They might just the government might just say, "Well, this is an emergency, so we're going to take the silver and here are some paper notes and uh maybe this will be exchangeable for silver someday." Right? Another one will be taxing silver and gold and demanding payment in kind. So they'll say, "Okay, stackers, you got us uh but now you have to send in, you know, 10% of your gold." Uh, you know, or and you have to I think Italy is trying this right now. They're telling everybody to register all their gold so they can try. >> As the fiat system buckles under its own weight, the fallout won't just be economic, it'll be societal. What happens when currencies lose credibility? Inflation becomes unmanageable and trust in leadership evaporates. People move, borders strain, wars ignite, and through it all, silver becomes something far more than a hedge. It becomes survival. We're already seeing the early signs. Nations are fragmenting along economic and cultural lines. Migration flows, once driven by opportunity, are now being fueled by inflation, food shortages, and energy collapse. As currencies devalue and social contracts break down, people are fleeing collapsing regions in record numbers. But here's what few realize. This is only the beginning. A collapsing monetary system doesn't just trigger economic pain. It triggers energy crisis, trade breakdowns, and geopolitical chaos. Fossil fuel flows get disrupted. Electricity becomes intermittent. Governments ration resources. And amid that chaos, people will seek anything, anything that holds real stable value. Not stock certificates, not crypto tokens, but hard, liquid, portable assets. And that's where silver becomes indispensable. Because silver isn't just valuable, it's usable in black markets, in barter systems, in real world transactions when digital rails go dark or are controlled by state mandates. It's compact, divisible, and globally recognized. And in a world tearing itself apart over dwindling resources, silver won't just be wealth, it'll be leverage. This is the next of silver's role. >> Now, the beauty of silver and gold, not that I would I would never ever recommend this, and you should always pay your taxes. >> The beauty of silver and gold is when you trade things for items, they're not being tracked, workers, that that is a wonderful thing. However, you should of course always be an honest citizen and pay the migration wars begin. other option is taxing or nationalizing gold and silver mines directly. So they go to the places that are mining the gold and silver and say you need to give us >> 10% 20% 50% 100% of what comes out of those mines and then we will use uh you know because you are on the people's land and the people you know need money so uh you have to give us you know some percentage of what is coming out of those mines and we are going to turn those into coinage. Now, that will hurt the mining investors, right? Because if you're if you're investing in a mining company and the mining company now has to give 80% of what it mines out to the government, suddenly your shares are not as as as valuable as they were. Were were the miners going to keep everything? So, I do want to say I I do want to say door-to-door searches for silver and and raiding small vaults is probably extremely unlikely, but it is possible if if we start going communist, which parts of us parts of the country are going communist, uh the state will start rabble rousing against the kulaks and which is why it's important to discourage your silver. So, the the kulocks are just peasants who are a little bit wealthier than everybody else. They actually, you know, they tend to their own gardens. They flourish. They don't just drink all their money away. Uh, you know, back back in the the the Tsarist Russia and they were prosperous peasants and then the communists came in and said, "Oh, the Kulocks are the ones who took everything. You should go you should go burn down their house and take their stuff." Communist states absolutely will try and rabble rouse because it's it's this is why it's very important to discourage your silver particular silver during the crash because during the crash a little bit a little bit after the crash once the crash has kind of run its course someone somewhere is going to stand up and say seize the gold and silver someone's going to raise that flag guarantee it whoever has gold and silver even a little bit anyone who has a little bit of gold and silver is going to say wait a second no that that's my stuff I don't want to I don't want to see I don't want to give up my gold and silver. No way. But everybody who has absolutely nothing is going to say, "Yeah, screw them." They they you know, it's their fault somehow. I don't know how exactly, but it's their fault, right? So, we have to discourage our gold and silver and acquire assets and we have to get the gold and silver out into the communities to minimize the the communist takeover. The communist take communist takeovers are always funded by inflation. So even a significantly weakened government still has plenty of tricks up its sleeve to get its hands on silver. There's there's benev benevolent options and there's less benevolent options. Uh the state that what's going to happen is probably going to be a mix of just about everything above. They'll probably do a little bit of everything. Uh so like I said in addition to market forces and the market will absolutely, you know, people will be very in demand for silver. So you'll be encouraged by the market to buy people's houses, buy people's factories, buy people's cars. Uh you have an additional political motive to discourage your silver while it's most valued to keep people to keep the bayonets, you know, to keep the pitchforks and the torches away from your house. This is how it ends. Not with a gradual slide, but with a violent snap. The fiat system, bloated by decades of reckless debt and artificial stability, is finally running out of road. Central banks are out of tricks. Banks are out of trust. and governments, they're out of time. What's left is the reckoning, and silver is right at the heart of it. For years, silver has been dismissed as second to gold. But in collapse, that perception flips because silver isn't just money. It's supply, its survival, its sovereignty. As currencies implode, vaults are raided, and migration wars erupt across borders. Silver won't just store wealth. It'll move it. It'll protect it. It'll preserve it when everything else becomes a liability. Every force we've discussed, monetary fraud, industrial scarcity, geopolitical breakdown, is converging right now. And it's driving silver toward a complete revaluation. Not to $30 or $50, but to $100 and beyond. And when that moment hits, it won't be a chart move. It'll be a paradigm shift. Physical will separate from paper. Ownership will separate from access. And those who prepared will have the only asset left that still matters. Truth and metal. If you've made it this far, you already know what's coming. But knowing isn't enough. You must act while the system still allows it. Because once the reset begins, silver won't be an investment anymore. It'll be your insurance against the end of a broken age. So subscribe if you want to stay ahead of this collapse and prepare before the rush begins. And remember, this is not financial advice. Always speak to a professional before making financial decisions.