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 the central banks that actually own everything. And these are private corporations. The US Constitution isn't recently destroyed. It was destroyed when they legalized the Federal Reserve. That's why you can give me constitutional money, which is what I'm holding in my hands right now. Only gold and silver are legal tender. Not all of this garbage that enables governments to inflate your wealth and your work away. It is time for us to take our power back. This is more of a of a a systemic

repricing where it's never been allowed to find its true price discovery and it is trying to do that. And I think that, you know, this is why maybe late in this cycle that the US government came in and said, "No, no, no, this this is a critical mineral." And and I think you're beginning to see that where um you know, the the physical demand taking it off the exchanges, which could lead to some sort of a failure delivery. >> You'll see when you go into I happen to use xe.com, but you can use any currency

converter. Welcome to Gold Silver News, your go-to destination for all things economics and finance. Whether you're an experienced investor, an inquisitive student, or just someone who wants to stay ahead in today's everchanging economic landscape, you've come to the right place. I've been working on a private road map for viewers who are more focused on protecting their wealth than speculating in uncertain markets. I'll share it at the end for those interested. Now, we'll show you the best

clips of the latest interview. But first, smash the subscribe button, hit the like button, and send us super thanks if you find our daily recaps valuable. Enjoy the episode. Pick any currency you want. Your choice. It doesn't matter. Do it against the dollar and you're going to find that typically, not in 100% of the cases, but in most case, the dollar outperforms that other currency. So, it's one against the other. And so that's why you might hear this currency is stronger, this currency

is weaker, but it's just on a relative basis. The thing that really matters for people is how much you can buy with it. It's that purchasing power. And what are we finding? The purchasing power everywhere in the world is declining as witnessed by inflation. So what they're talking about here is the revaluation of gold to repay that debt with euros that have zero value. This is something that happens 100% of the time to attempt to regain public confidence. It doesn't really work because they don't really make

changes right away. But the reality is is it happens every single time. So let's look at this because that's the big question here. Who actually owns the gold? Legal ownership. The gold is held by the Bank of Italy. That is a central bank. It is not a government agency. It is a private bank and they manage it as part of the euro system that my friends I hate to tell you is who legally owns the gold. So the gold legally belongs to the bank of Italy managed within the euro system but politically it's being

portrayed as the property of the people. Well of course it is. It's called perception management. If they can manage how you perceive things, then they can nudge you in the direction that they want you to go. But here it is right out in the open. The gold is legally belongs to a private bank even though it was tax dollars that paid for the gold. It was yours and my tax dollars. Well, we're not in Italy, but this could this is true all over the world. It's not the government that owns

the gold legally, just like it's DTCC that owns all of the bonds legally, all of the stocks legally. In a court of law, your perception doesn't mean anything, nothing. It is the legal rights that are addressed. This is why I tell you all the time how important it is for you to become your own central banker. And Zang Enterprises has that layered strategy. So we approach it on a shorter term basis in intermediate term basis and a longer term basis. There's lots that going on, but the reality is

is if you don't hold it, you don't own it. This tension reflects a broader struggle between national sovereignty claims and European monetary rules. Do you see what I'm saying here? Who's really driving this bus? Who really has all the power? Is it the governments that take on more and more and more and more debt? Or is it the central banks that actually own everything? And these are private corporations. The US Constitution isn't recently destroyed. It was destroyed when they legalized the

Federal Reserve. That's why you can give me constitutional money, which is what I'm holding in my hands right now. Only gold and silver are legal tender. Not all of this garbage that enables governments to inflate your wealth and your work away. It is time for us to take our power back. This is such an important topic. This would be one that you should share, share, share. I'm telling you right now, this is the most important topic that we're talking about because shares in the capital of the central bank, who

holds those? Oh, look at this. 175 financial stakeholders. These are all private corporations, including Italian banking heavyweights in Tessa, S. Paulo Unicredited as well as France's lender credit agricultur alian. Can you see this? So if indeed legally the bank of Italy owns the gold but actually they now legally have given that gold under the ownership of the ECB. Then corporations in France and Italy and many other places 175 financial stakeholders. Do you get this? Because it's critically important that

you do. So, if you don't, make sure you you show up on our Tuesdays live and you ask these questions because this is the single most important topic that I well, I don't know that it's the single most important topic because there's so many things that are happening right now. But this is certainly a critically important topic for you to fully understand so that you can make educated choices. What a concept. That puts your best interest first. Because certainly when Italy joined the ECB and gave them ownership

and control over the gold that the taxpayers bought. I got a problem with that. don't you? But this is why you have to be as independent and self-sufficient as you possibly can be and the foundation has to be in sound money because otherwise guess who's controlling it. You don't like I mean I know here in the US the CBDC the central bank digital currency people don't like that. So we're going to bring in stable coins. It's not going to be any better. But can you see who's

really controlling this? It's the corporations. And the corporations that get all the benefits of the devaluation, the currency devaluations, because they pay you less and less. This is what's enabled that K-shaped recovery. This is what's enabled all of that wealth and income inequality. And it's time for you to look in the mirror and say, "Is this okay with me?" And if it is, rock and roll, hoochie coo. Keep buying those cryptocurrencies. Keep staying in the stock and the bond

markets. Keep using credit cards and giving up cash cuz that's your vote. >> Lynette Zang's message is clear but unsettling. The financial system is based on belief, not worth. Fiat currencies endure only as long as people believe in them. And inflation is the tool that silently erodess buying power. Andy Skeman carries that concept and points straight at what's unfolding in the gold and silver markets today. Gold isn't merely climbing, it's accelerating. A $100 plus daily surge

signals institutions are reallocating rapidly. Silver, meanwhile, hovering near $94, is doing something even more threatening to the system. It's staying firm despite repeated downward pressure. Why is that important? Because beneath the chart, physical demand is overpowering paper supply. We're witnessing huge physical deliveries even during months when almost no one typically stands for delivery. We're seeing backwardation where buyers are willing to pay more for metal now than for metal promise later. That only

occurs when confidence in paper contracts begins to fracture. Silver lease rates are another warning sign. Normally, they remain close to zero. Recently, they've jumped into high single digits and even double digits. Translation: borrowing real silver is becoming costly because real silver is becoming limited. Skeman has cautioned for years that silver is one of the smallest, most highly leveraged markets on the planet. When physical demand overwhelms paper supply, price doesn't advance slowly. It revalues. Zong

connects this directly to ownership. Most investors don't truly own assets. They own claims. Claims that can be frozen, cash settled, or redefined during a crisis. That's why our message never shifts. If you don't hold it, you don't own it. Gold and silver aren't merely investments. They're protection against systemic breakdown. And when governments quietly classify silver as a critical mineral, it's an admission that this metal is essential and scarce, the market is no longer viewing silver as

just another commodity. It's starting to treat it as money with industrial necessity. And once that understanding fully takes hold, prices don't ask for approval, which brings us to the most important question. I >> think trust is everything. And maybe that's why you're seeing so much in the way of deliveries and backwardation. Right? So, you know, at the beginning of of the month, and I haven't looked past um or Friday of last week, but through Friday of last week, we had already seen

um 5,451 gold contracts at 100 ounces a piece and 6,321 silver contracts. So through the first six trading days of January, which is not a delivery month, it's not a main delivery month, we saw 545,100 ounces of gold delivered and 31,65 ounces of silver delivered when no one ever stands for delivery. So in in 40 days, we saw a 100 million ounces of silver delivered and, you know, a few million ounces almost three almost four million ounces of gold delivered. Who's doing this? It's billions and billions

and billions and billions and billions of dollars and there is no coverage of it. So to me >> it it is prioritized and when you see backwardation where the current price is the spot price is priced higher than the futures market that's the opposite of contango where it's supposed to be the futures price is higher because you're paying for the cost of storage and insurance and the time value of money. That's the market's way of saying, "No, no, no, no. I don't really trust what

you're talking about. I want it now." And that's the stress that we see manifesting. And at the same time, like for example, last night we saw the price of silver get hit as it's approaching $100, which is a very big bad thing for the traders offside. So they dump a ton of metal onto the market. And at the same time, what exposes that? Last night in the middle of the night, whole bunch of contracts dumped. the lease rates once shot shooting up. So if you're which which means to lease the metal in

order to cover a short or for whatever legitimate reason, normally those lease rates are a fraction of a percent. Not the case anymore, as high as eight or 9%. They were as high as 30% a month ago. And what that says is that, you know, from a half a percent normally to eight or 9%. That's the market's way of saying you're going to play this game. you want to lease the metal, borrow it from us for whatever reason, you're going to pay through the nose. And these are the signs showing

that it's more about physical delivery rather than paper promises. And and that's a scary thing if you're on the wrong side in a naked short position in a market like I mean, look, I those are the hundred is is the um you know, the big psychological number, >> right? Um it it almost feels like um this is more of a of a a systemic repricing where it's never been allowed to find its true price discovery and it is trying to do that. And I think that, you know, this is why maybe late in this

cycle that the US government came in and said, "No, no, no, this this is a critical mineral." And and I think you're beginning to see that where um you know, the the physical demand taking it off the exchanges, which could lead to some sort of a failure to delivery. Now, I don't want to, you know, there's a fine line between conspiracy and reality. So I want to just qu I just want to like maybe pride your listeners to Google something and that is a Chris Marcus who who runs Arcadia Economics

YouTube channel Bart Chilton C H I L T O N podcast where few years ago he came out and said and admitted many of these things and unfortunately passed away under two weeks later but he came out and said Bear Sterns Bear Sterns uh largely failed because they had the largest short position really in the coax and in the history of it at that point. And when silver went to $21, they went bankrupt. And he comes out >> oh my gosh. >> He comes out and says this and uh he says that they called Jamie Diamond into

the office and when they asked him Jamie and Ben Bernani, he says it was me, Ben Bernani, and Hank Pollson, the Treasury Secretary. And they said, Jamie, we need you to take the short position. And Jamie says, "Okay guys, but I'll be in violation of position limits." They said, "You got like 90 days to clean it up." Now, this is all coming from the head of the CFTC, Bar Chilton, >> right? >> And which is like the head of the SEC for comm but only for commodities. And

he and Jamie says, "Fine, we'll do that." And off he goes. At the end of the the time period, he says, "I went into my superiors, which would have been Hank Pollson, the Treasury Secretary, and I said to him that they've increased their position, not shortened it. They're in violation of our agreement. violation of antirust law. They need to be prosecuted. And he said, "I was told, back down, BART. It's a political decision." Now, he died two weeks later

or less. Oh, >> I'm not saying there's causation. They said it was cancer. Maybe there's a a man cleaning his conscience. All I can tell you is that this stuff happens. And he was told to let them have this massive wicked short position in silver. It's a political decision. Well, and then later on down the road when everyone is freaking out about this, there's an investigation and finally they acquies and they hit him for a $920 million fine when their medals made a billion dollars this year. It's a little

slap on the wrist on that two years ago, three years ago, but said yes, you're you're you're guilty of spoofing. Everyone in the entire industry who watched thought they would get Rico charged, but they didn't. Their head trader, Michael Noak, is still in jail for it. So look, all I'm simply saying is this is that when will it happen? It will happen when there is a failure to delivery or systemic risk and when you see a bank like TD Bank betting and they came out in a in a um in a in a

publication to all of their all of their inves all their traders or all of their investors or people who trade with them saying we're putting on a big short position in silver right now because we think the top is in and then it goes to 92 and they just got stopped out yesterday. the day before. So, yeah, I think that um you see something a failure to deliver uh which could then trigger a systemic contagion event. Um I don't know. I guess we'll see. But that was the whole premise of the of the

Economic Times newsletter that came out last month and said, "Well, the US bank supposedly had flip-flopped and gone net long, leaving the bank in Canada and those in Europe holding the bag." I wonder if TD isn't the bank in Canada that they're talking about trying to get people to dump their their metal, but with a substantial higher premium in Shanghai about eight bucks an ounce continuously over what we're seeing here in the West that that arbitrage is just a vacuum. Every time the price gets

dropped, bang, it goes to the east and it ain't coming back. They're literally enticing any of the sophisticated traders who can buy paper in the west and deliver physical they're to do so at a huge profit. And um so these are the kind of things that are different that could precipitate a problem. Short of that I think they'll just become a realization that the biggest money in the world sees silver as critical indispensable and that the supply demand fundamentals just don't line up whether

we see some sort of an event or not. If your priority right now is not chasing returns, but protecting what took decades to build, I've put together a private road map linked below. If your priority right now is not chasing returns, but protecting what took decades to build, I've put together a private road map linked below. Oh.