every single month for 16 straight months. It seems like every month it's a record month in deliveries on COMX and nobody's talking about it. Month over month over month over month, billions and billions and billions and billions have been delivered into COMX. In December, it was the after two uh two margin rate increases. It was the largest delivery in the history of the COMX market in silver for the month of December, 68 million ounces. >> What I'm getting at is this can happen


very quickly. I'm on the record that this will end up as a failure to delivery or to deliver and I believe that will will begin or that will happen first in silver. It'll be followed by gold probably within 24 hours. Um you you mentioned squeeze. Squeeze is that looks toward price. Have we been in a squeeze? Yeah, absolutely. The price is going higher. But the danger is that there's more delivery demands than there are ounces in inventory to deliver. >> [music] >> The global monetary landscape, according


to some precious metals analysts, is shifting in ways that receive little mainstream attention. They point to what they describe as 16 consecutive months of elevated physical deliveries on Comx with billions of dollars worth of gold and silver reportedly moving from paper contracts into private vault storage. In one December period, more than 68 million ounces of silver were delivered, cited as one of the largest monthly totals on record. Supporters of this view argue that sustained delivery demand raises questions about whether


exchange inventories can continue meeting paper contract obligations if the trend accelerates. At the same time, geopolitical and monetary developments are fueling speculation about a broader structural shift. The BRICS nations have discussed alternative settlement systems, including initiatives such as Mbridge and BRICS pay aimed at reducing reliance on Western dominated financial rails. Some analysts argue that if trade settlement increasingly references gold or commodity backing, Western paper


pricing mechanisms could gradually decouple from physical market dynamics. In this narrative, growing physical accumulation represents a quiet repositioning ahead of potential currency realignments. Andy Sheckchman, founder of Miles Franklin, and Bill Halter, a longtime precious metals commentator, frame this environment as an emerging physical metal squeeze. Drawing on decades of market observation, they argue that persistent vault withdrawals and strong delivery trends suggest strategic accumulation


rather than routine speculation. Whether interpreted as prudent diversification or preparation for systemic stress, their perspective reflects a growing segment of investors who view tangible assets as central to long-term financial resilience. Now, we present selected clips from their discussion. Are you curious about investing in gold and silver, but feel held back by fear or confusion? This ebook is designed especially for new investors who want clarity, not complexity. It breaks down gold and silver trading strategies in a


simple, practical way. No jargon, no hype. Why wait? Hurry up. Please visit this link to get your copy today and use code Duneppeople for a huge discount. More than 1,000 people took the first step with this ebook. And today, they're living proof that smart investing changes lives. This ebook is available in Amazon Kindle. Also >> just dovetailing off of what Mark said, Embridge is now operational. So is SIPs the crossber payment system. Both of which are free from swift intervention and both of which are using gold through


as Mark mentioned the gold window in Shanghai. What that means I mean in Hong Kong through the expansion of the Shanghai gold exchange. What that means is that when gold leaves China it has to come through Hong Kong. The next vault as we speak is being built in Saudi Arabia which is one of the five primary members of the Ambridge. But when you take a look at for example them signing up the a the nations in the Asian block, the countries in Southeast Asia that have 800 million people, twice the population of the United States, China's


largest trading partner by far. you're adding all of these countries and as you add all of these countries that have the ability to use their own um their own monetary ecosystem, their own uh local currencies that chips away at the dollar uh settlement status and and and and when you if they were using dollars, they would have surpluses of dollars that they would put into treasuries. Instead, they're putting it into gold, which by the way has doubled the performance of the 10-year Treasury for


25 years, let alone the last 2 years where it's decimated it, can't be sanctioned. And they're looking at the United States and our and our ridiculous fiscal irresponsibility, let alone the sanctions, and they look at a country like us and they say, "Listen, you know, look what they did to Russia." Now, I'm not making judgment on war or Ukraine or Russia, but they say, "Look, didn't you guys go into Iraq 23 years ago under false pretenses, destroy the country,


topple the regime, and guess what? You're still there." So, all of this stuff is incentivizing little by little by little by little chipping away at the dollar hegemony. And I do think one other piece I'd like to make real quick is that Sergey Lavough came out and said something that I don't think enough people caught. He said we are expanding not only the bricks payment system bricks bridge mbridge which is crossborder between central banks and brrics pay which is B2B retail like a


credit card. All of it is now being expanded into the belt road initiative which is the largest infrastructure project in human history. It's 75% of human population. So little by little, all of these countries that used to to purchase things and settle in dollars and to save excess dollars in treasuries are slowly moving away. So yeah, I think it has a profound effect over time. The whole the whole point of the expansion of the Shanghai exchange is to have multi-jurisdictional vaults that everyone sprinkles gold in all of them.


So it's not just one vault like the Bank of England says to Venezuela, "No, you can't have your gold back." Whether they deserve it or not, that's not the point. So yeah, I I think that if I had to guess, it would be some sort of a a blockchainbased system with multi-jurisdictional vault settlement in gold. And you know it, who knows how it all plays out, but you can certainly see that gold is becoming very important and being somewhat reintegrated into the monetary system of many of the countries


in the global south. And I would ask, who the hell's bringing in all the gold into this country? Every single month for 16 straight months, it seems like every month it's a record month in deliveries on COMX. And nobody's talking about it. month over month over month over month, billions and billions and billions and billions have been delivered into COMX. This is kind of my take on how the the players at the top level do things. In 2017, after 6 years of gold getting hammered and central


bank selling it, the German Bundist Bank made a very big public deal of give us back our gold. They're doing it again now cuz we didn't give it all back. It took several years for them to get what we gave them back. And shortly after that happened, which was very unusual to me, and after 6 years of being killed by falling prices, the Dutch National Bank, the Bank of Austria, the Bank of Poland, Hungary, Turkey, the Czech National Bank, they all said the same thing. Give us back our gold from the Bank of


England, and the New York Fed, they wanted to reshore it. In 2018, those same banks bought more gold as a group together as they did in the 60 years previously combined. And then as as Nomi said, 2019, by the way, that number doubled and then miraculously the BIS has guess what it's now a tier one asset. Now, do you think they weren't clued in on that? Now, I've been screaming since 2017. The central banks are buying. The central banks are buying. The central banks buying and reshoring. And that would have been all


you ever needed to know, but I'm going to say it again. If you value in-depth analysis on gold, silver, and the evolving monetary system, consider subscribing and activating notifications for timely updates.