Tag Archives: silver

Silver Shortage And Silver Price Analysis: XAG/USD on the rise, $27.80 crucial resistance

Silver Price Analysis: XAG/USD on the rise, $27.80 is a crucial resistance

I came across this Silver price analysis from FX street and thought it was interesting, I feel the difference between the paper markets and the physical couldn’t possibly be more stressed. Essentially the world doesn’t have enough silver at current and demand is surging leaving bullion banks taking riskier moves to keep the illusion afloat.

Read: The Very Real Silver Shortage

Silver Price Analysis

NEWS | 2/15/2021 3:03:20 AM GMT | By Omkar Godbole


  • While silver trades higher, resistance at $27.80 is still intact.
  • A move above that would confirm a range breakout.

Silver trades near $27.55 at press time, representing a 0.87% gain on the day. 

While the metal is flashing green, it is yet to take out resistance at $27.80 (the previous week’s high). 

A move above that level would imply a bullish breakout from the narrowing price range signaled by the previous week’s candle, whose high and low falls well within the preceding week’s price range. 

Above $27.80, the focus would shift to $30.09, the high seen earlier this week. On the other hand, acceptance under the previous week’s low of $27.31 would put the bears in a commanding position, exposing support at $24.06, the higher low created on Jan. 6.

Daily chart

Silver Price Analysis

Trend: Bullish above $27.80

Technical levels

  1. R328.09
  2. R227.76
  3. R127.51

SLV Won’t Break The Bullion Banks… But They Can Be Broken

We have identified a critical weakness in the bullion industry

The silver market is incredibly weak right now and reading through an article from Bullion Star really made me reflect on some of the structural weaknesses of the silver market. The silver supply is always the strongest fundamental reason to own silver. The bullion banks could be easily punished but it won’t be through SLV but buying physical silver. The paper market and the physical market are worlds apart hence the huge premiums on Silver Eagles and notices from big bullion dealers. If you want to crush the bullion banks buy physical silver.

Even the suggestion of a short squeeze on SLV sent everything connected to silver rising in anticipation and the move was huge despite some people’s suggestion that silver jumping nearly $3 at open is normal. That takes an enormous fortune to move SLV. We need to learn from what happened in regards to the physical silver market bullion dealers went from limited supply to no supply. If you want to expose the fraud and manipulation you need to expose the fact there is no silver to back up the paper market. As we’ve seen this could be accomplished with ease.

{The silver short squeeze in physical silver at present is unprecedented. Even so, the spot price of paper silver is not even close to the real physical equilibrium price of silver.  BullionStar may soon have no option but to abandon setting prices based on silver spot price altogether and move to fixed prices.

Thanks to  r/WallStreetBets (WSB) and related spin offs, the wider public is starting to open its eyes to the corruption and cronyism in the financial markets including in the paper gold and paper silver markets.

For years, BullionStar has been one of the strongest critics of the manipulated precious metals markets where paper issuance of silver (out of thin air) exceeds the physical availability of real silver at a multiple of at least 100 to 1.

While some in the WSB movement have suggested purchases of SLV shares and call options, many others are recommending physical silver. It’s important to understand that purchases of SLV shares does not equate to putting pressure on bullion banks. Bullion banks provide various services to ETF’s, such as custodial services, and ETF’s are known for colluding with central banks. The only way to put pressure on the corrupted paper silver market and on the bullion banks is to buy physical silver. Only then is there a chance that price discovery for real physical silver will shift to be based on the actual trading of physical silver instead of being inherited from synthetic paper trading prone to manipulation.}

To break the paper silver market requires exactly what we saw, people buying physical silver. With 60% of the worlds production shut down for months last year to maniac central bankers printing money until the dollar dies silver is looking better and better.

The CME Sets New Margin Requirements Following The Wall Street Bets Silver Short Squeeze, Premiums Soar On Silver Shortage

The Fundamentals For Silver Are Incredible, There Is No Supply And Insane Demand

I wanted to talk about the Wall Street Bets Silver Short Squeeze and physical silver shortage that has plagued the precious metals markets for much of the past year, The recent move in silver has a lot of people’s attention and no I don’t mean us. I mean the real movers and shakers who have never noticed Us, We the People for decades. We have watched GME begin to unwind after delivering a nearly $8.8 Billion dollar blow to some of the most powerful people in the world.

the CME Group announced it was raising margins on Comex silver futures by 18% after futures surged to an eight-year high, the exchange said in a statement.

Margins will rise to $16,500 per contract from $14,000, effective Feb. 2, according to the exchange. “The decision is based on “the normal review of market volatility to ensure adequate collateral coverage,” it said in a statement.

Silver dropped 2% on the news, falling from just above $29/oz to just below, overall we’re sitting much higher than we were the other day and It’s likely the move would have been more pronounced if it hadn’t been for so many thinking this was a trick.

Another factor about the precious metals market is these banks are liars and don’t really have the metal. They utilize naked shorting strategies to spoof the markets to play the margins all day and sometimes this leads to huge drops which costs all precious metals investors.

While the margin hike has predictably pressured the price of paper silver lower, the disconnect between paper and physical just hit a record high as insatiable demand in the physical space is being offset by attempts to depress paper prices. We showed this in the delta between the price of one American Eagle coin and one Silver future, which reached a record 30%, or almost $14 per ounce. The lack of physical supply of silver is putting a hurting on their system as more is revealed the more demand continues to wreck the system. This could be suggestive they are manipulating the price of silver hard right now and a price closer to $100 makes more sense in relation to inflation.

The other thing is the bullion dealers have a lack of inventory we do know since they are changing margin rules they do fear a systemic event possibly as a result of the Wall Street Bets Silver short squeeze. I’m sorry how is this wrong it’s people all taking risks on risky assets like retailers during the great contraction happing in the commercial real estate market.

A great example was compiled by Zerohedge

The shortage of physical silver is exposing a tear in the precious metals market unlike any we have seen before.

As we detailed below, various executives from bullion dealers have explained that huge demand has left them with no supply (and no source) for physical silver.

And while silver futures prices (paper silver) have ‘stabilized’ modestly during the day…

Physical silver prices remain at extremes…

Source: APMEX

Source: JMBullion

Source: SDBullion

And, as the chart below indicates, that massive premium is unprecedented…

Simply put, the establishment can print all the paper silver it wants, but there is no physical supply… and that likely ends badly for those attempting to suppress reality for too long.

As we noted over the weekend, online bullion dealers saw such huge demand for silver ahead of today’s moves as ‘Reddit-Raiders’ prepared to take aim at the precious metals markets.

Sites from Money Metals and SD Bullion to JM Bullion and APMEX, all halted sales amid the unprecedented demand.

Silver Is A Trap!? Let’s Examine The Fact’s

So Some of the subscribers have been asking about Tim Pool’s video saying buying silver was a trap. Let me begin by saying I do not believe He was doing this for nefarious reasons, at least I hope He wasn’t but I believe He was just looking for content for a couple of reasons. I personally shared one of the top posts from the Reddit page And saw huge commitments from whales to go in on Silver. I also bought shares in the companies they were suggesting after reading the Biggest short squeeze in history posts. They’re right about silver and Wall Street Bets is a chat board so of course you can go through Reddit and find members who don’t want people to buy silver and they are trying to trick people into stop buying into GME.

They are wrong and We should all pile into silver and squeeze out shorts just like the following from, exhibit A: The fact The Wall Street Bets Short Squeeze on GME Was a Tremendous Success They Forced these megabanks to dump their positions into extremely overvalued prices. There were close to $8.8 billion in losses. THAT’S MISSION ACCOMPLISHED, NOW DO SILVER!

BY TYLER DURDEN

After starting the day solidly in the green, Gamestop – along with other most shorted names – traded as high as $383 after Robinhood eased its trading limits over the weekend, which saw the brokerage effectively halt trading in as many as 50 stocks.

However, the early euphoria did not last long, and moments ago the stock tumbled as much as 34%, before getting halted after triggering a circuit breaker.

While there was no actual news, traders were scrambling to figure out if there was a catalyst to the move.

There was: according to an update from trading analytics firm S3 Partners (published at 1023am ET), after holding steady in the triple digits, the company’s short interest plunged, with the company’s founder Ihor Dusaniwsky reporting that according to the firm’s analytics as of this morning, “short interest is just $8.82BN or 27.12M shares shorted” as the shares short have declined by a whopping 35.2 million shares over the last week.

According to S3 calculations, this represents just 53.15% short interest of the % Float (or 34.1% using S3’s version of SI % Float which excludes synthetic share); Confirming that shorting is now far easier, the borrow fee has plunged from 26% to just 10% indicating that millions of shares have indeed been unlocked for shorting.

And the same short interest data, only viewed as a % of the float, also from S3 Partners:

And with both short interest and borrow fees tumbling, the main catalyst behind the squeeze – namely GME being the most shorted Russell 3000 stock – is now gone.

Which begs the question: is the party finally over, and how long before GME trades back near its true value.

So that was an internet theory that buying silver is a trap, what a foolish thing, maybe not purposely but only a fool thinks buying silver is a bad idea during a hyperinflationary superstorm depression. Buying silver is not buy a product. SILVER IS MONEY, GOLD IS MONEY and when you exchange dollars for silver in many states there’s no tax because you’re just transferring your wealth to another form of money, it’s not lost or wasted it’s preserved. Holding your savings in dollars is suicide at this point considering the epic surge in money printing. I think Silver is real money and in a world with an international rush to devalue Fiat currencies Silver and Gold is a lifeboat.

Silver, Silver Miners, Silver Etf’s Everything That Begins With An S Is Pumping, Wall Street Bets SLV, Stock Future Show Losses At The Open

It’s just beginning and Silver is starting to look like it is just going to come bursting over the brim concerning demand. All the major bullion companies have issued warnings or halted orders due to the unprecedented demand. The best was Tyler Wall CEO of SDBullion who said it’s like the entire population just got red-pilled. The incredible this is there is more than a story to this bull market in precious metals everything is rising and there looks to be a massive wave of support for the Wall Street Bets post about piling into SLV. I really don’t understand how this is illegal though it just seems our Government has lost all sense.

The other thing Silver it’s self is rapidly approaching $30 an ounce and with supplies dwindling it’s likely prices could move much higher very fast. The other thing is the price of silver has been artificially suppressed for a long time and the system is not designed for wide spread adoption of silver and silver linked products, there simply isn’t enough silver

Silver, Silver Miners Everything With An S Is Surging

Zerohedge

It was the one print everyone was waiting for, and here it is: silver futures opened up 7%, surging from $27/oz to a high of $29.095 following a weekend of speculation that the next big squeeze on WSB’s radar is silver. And whether that’s true or not, may no longer matter in a world where – as described below – there is virtually no physical silver to be purchased.

Spot Silver is back to its highest since the August/Sept cycle highs…

Gold futs managed very modest gains…

And silver’s dramatic outperformance has pushed the gold/silver ratio to its lowest since 2014…

Silver miners are also getting the love:  Australian silver stocks including Argent Minerals and Boab Metals rise more than 20%.

US Equity futures are taking a hit (all down around 1%)…

So as silver approaches $30, keep an eye on major price slams, emerging either out of central banks who desperately need to keep precious metals lower, or the BIS itself, whose Benoit Gilson will have a busy day tomorrow.

This Is Insane! Apex Overwhelmed With Record Silver Demand And Makes Statement On Physical Silver Shortage

This is Just insane The largest Bullion dealers are running low, they talk about fighting over the last scraps in the marketplace and soaring premiums moving forward. The Excitement stirred up into silver by Wall Street Bets is enough to strip the shelves and it’s strange to see the Silver Bull market might be what actually ends some of these bullion companies because it seems there is just no silver supply available and there is no room for any increase in demand for physical silver

APMEX Statement On Current Market Conditions:

Sold Out 12X Demand

In the last week, we have seen a dramatic shift in Silver demand from our customers. For example, the ratio of ounces sold per day was running about two times earlier in the week and closer to four times the average demand by the end of the week. Once markets closed on Friday, we saw demand hit as much as six times a typical business day and more than 12 times a normal weekend day. Combined with the extremely high demand levels, we are also seeing a surge in new customers. On Saturday alone, we added as many new customers as we usually add in a week.

Any Precious Metal dealer will take a long position in the futures market to protect against spot price exposure when the markets open. We do this because it is our goal not to take a speculative position on metal. The weekends are unique as we are not able to real-time hedge our position. We took an aggressive position this weekend, but clearly could not have predicted the volumes that were seen. We have partnerships around to world that allowed us to cover these long positions, but only to a point. Once we exceeded our comfort levels, we had little choice but to stop the sale of Silver on our website. This was a difficult decision to make and unprecedented in our history.

As we evaluate the markets, it is difficult to know where Silver’s price and demand will go in the coming day and weeks. APMEX is highly capitalized and has more than $150 million in inventory to support demand. We have made strategic decisions to procure additional metal, locking up any metal we can find in the market place. We suspect premiums will rise and rise quickly, as we are seeing significant increases in our costs, when we can even locate the metal. It is also highly likely that we will need an additional day or two to fill orders based on current order counts. The one guarantee we can make to our customers is that you will only be sold metal that is on-site, or we have procured the metal with a firm commitment date from our partners. In markets like this, we feel this is the best approach a retailer can take, as no one can predict product availability.

We want to thank our customers for their patience and understanding during these turbulent times. APMEX prides itself on best in class service and delivering on promises to our customers.

Regards,

Ken Lewis
CEO, APMEX\

“Everyone Is Afraid Ahead Of The Open” – Reddit-Raiders Spark Nationwide Physical Silver Shortage

Silver Orders Halted After 10X Surge In Silver Orders, The Worlds Biggest Short Squeeze

BY TYLER DURDEN

For some background on just how unprecedented this weekend’s action in silver markets is, Tyler Wall, the CEO of SD Bullion writes the following (emphasis ours):

In the 24 hours proceeding Friday market close, SD Bullion sold nearly 10x the number of silver ounces that we normally would sell in an entire weekend leading to Sunday market open.

In a normal market, we normally can find at least one supplier/source willing to sell some ounces over the weekend if we exceed our long position (the number of ounces we predict we will sell over the weekend).

However, everyone we talk to is afraid of a gap up at Sunday night market open.

This is about ready to get really interesting as there was very little inventory left from suppliers/mints going into Friday close.

Our direct AP supplier informed us after close on Friday that the “US Mint will be on allocation for the remainder of Type 1” (Current Silver Eagle Design).

Our sales for the month of January exceeded any one month last year during the heart of the pandemic. It was an all-time record month in our company history. 

And, perhaps most importantly, as QTR tweets so succinctly, “this is a red pill moment for many, and it’s beautiful.”

The thing is that no matter what happens with #SilverSqueeze, a lot of younger people are for the first time informing themselves that metals are the only true real money. That realization sticks for life, even when squeezes end. This is a red pill moment for many & its beautiful— Quoth the Raven (@QTRResearch) January 31, 2021

Additionally, there are also signs of a notable regime shift, as Bloomberg points out, investors are holding onto silver they own, rather than trying to take profits.

“Now we’re seeing nothing, no single offer, which is scary,” Peter Thomas, senior vice president at Zaner Group, said by phone from Chicago.

“Whatever we sell, people are holding it. There’s no inflow of metal at all.”

*  *  *

Update (1030ET): It would appear the run on silver has begun. With the market closed, traders have rushed to secure some exposure to silver ahead of what WSB suggests could be “the world’s biggest short squeeze” and that has left bullion dealers 

As we noted below, the premium for physical silver had soared late Friday and into Saturday (after the massive flows into SLV), but as Sunday rolled around, bullion dealers are now facing massive shortages of physical coins.

Source: APMEX

Source: JMBullion

Source: SDBullion

And as one investor noted, the shortages are widespread…

We can only imagine where SLV will open after this.

*  *  *

While all eyes have been focused on GameStop and a handful of other heavily-shorted stocks as they exploded higher under continuous fire from WallStreetBets traders igniting a short-squeeze coinciding with a gamma-squeeze, the last few days saw another asset suddenly get in the crosshairs of the ‘Reddit-Raiders’ – Silver.

On Thursday, we asked “Is The Reddit Rebellion About To Descend On The Precious Metals Market?” … One WallStreetBets user (jjalj30) posted the following last night:

Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC. We know billion banks are manipulating gold and silver to cover real inflation.

Both the industrial case and monetary case, debt printing has never been more favorable for the No. 1 inflation hedge Silver.

Inflation adjusted Silver should be at 1000$ instead of 25$. Link to post removed by mods.

Why not squeeze $SLV to real physical price.

Think about the Gainz. If you don’t care about the gains, think about the banks like JP MORGAN you’d be destroying along the way….

Tldr- Corner the market. GV thinks its possible to squeeze $SLV, FUCK AFTER SEEING $AG AND $GME EVEN I THINK WE CAN DO IT. BUY $SLV GO ALL IN TH GAINZ WILL BE UNLIMITED. DEMAND PHYSICAL IF YOU CAN. FUCK THE BANKS.

Disclaimer: This is not Financial advice. I am not a financial services professional. This is my personal opinion and speculation as an uneducated and uninformed person.

…and judging by the unprecedented flows into the Silver ETF (SLV) they just got started…

SLV saw inflows of almost one billion dollars on Friday, almost double the previous record inflow for this 15 year-old ETF.

Source: Bloomberg

Which helped prompt a spike in SLV off Wednesday’s lows of over 11% (and note that every surge in price was mimicked by gold, but gold was instantly monkey-hammered lower after the spike).

Source: Bloomberg

And judging by the asset flow, SLV has room to run here…

Source: Bloomberg

Just as short-interest in the ETF has been building…

Source: Bloomberg

This surge came after Reddit user ‘TheHappyHawaiian’ posted the following thesis on buying silver noting that “the worlds biggest short squeeze is possible and we can make history.”

However, judging by the massive physical premiums for silver we are seeing this weekend at APMEX

… JM Bullion

… and SD Bullion.

…there are more than a few who are already rotating to SLV from GME.

Wall Street Bets Turns Toward Silver, Everyone Pile In, Seriously It’s A Movement To Crush The Shorts, It’s really very simple

This is the first time the people have begun to recognize who their enemy is and they have begun to do something about it. I complain about these evil banks and their jerking the system around and it sucks to watch these criminals suppress silver prices to the lowest levels in History. I came across this blog that detailed the Wall Street Bets plan to crush the silver shorts

Time To Pile Into SLV And Crush The Bullion Banks With Their Naked Shorts

TheHappyHawaiian

The short squeeze:

Buy SLV shares (or PSLV shares) and SLV call options to force physical delivery of silver to the SLV vaults.

The silver futures market has oscillated between having roughly 100-1 and 500-1 ratio of paper traded silver to physical silver, but lets call it 250-1 for now. This means that for every 250 ounces in open interest in the futures market, only 1 actually gets delivered. Most traders would rather settle with cash rather than take delivery of thousands of ounces of silver and have to figure out to store and transport it in the future.

The people naked shorting silver via the futures markets are a couple of large banks and making them pay dearly for their over leveraged naked shorts would be incredible. It’s not Melvin capital on the other side of this trade, its JP Morgan. Time to get some payback for the bailouts and manipulation they’ve done for decades (look up silver manipulation fines that JPM has paid over the years).

The way the squeeze could occur is by forcing a much higher percentage of the futures contracts to actually deliver physical silver. There is very little silver in the COMEX vaults or available to actually be used to deliver, and if they have to start buying en masse on the open market they will drive the price massively higher. There is no way to magically create more physical silver in the world that is ready to be delivered. With a stock, you can eventually just issue more shares if the price rises too much, but this simply isn’t the case here. The futures market is kind of the wild west of the financial world. Real commodities are being traded, and if you are short, you literally have to deliver thousands of ounces of silver per contract if the holder on the other side demands it. If you remember oil going negative back in May, that was possible because futures are allowed to trade to their true value. They aren’t halted and that’s what will make this so fun when the true squeeze happens.

Edit for more detail: let’s say there’s one futures seller who gets unlucky and gets the buyer who actually wants to take delivery. He doesn’t have the silver and realizes it’s all of a sudden damn difficult to find some physical silver. He throws up his hands and just goes long a matching number of futures contracts and will demand actual delivery on those. Problem solved because he has now matched the demanding buyer with a new seller. The issue is that the new seller has the same issue and does the exact same thing. This is how the cascade effect of a meltup occurs. All the naked shorts trying to offload their position to someone who actually has some silver. My goal is to ensure that I have the silver and won’t sell to them until silver is at a far higher price due to the desperation.

The silver market is much larger than GME in terms of notional value, but there is very little physical silver actually readily available (think about the difference between total shares and the shares in the active float for a stock), and the paper silver trading hands in the futures market is hundreds of times larger than what is available. Thus when they are forced to actually deliver physical silver it will create a massive short squeeze where an absurd amount of silver will be sought after (to fulfill their contractually obligated delivery) with very little available to actually buy. They are naked shorting silver and will have to cover all at once and the float as a percentage of the total silver stock globally is truly minuscule.

The fundamentals:

The current gold to silver ratio is 73-1. Meaning the price of gold per ounce is 73 times the price of silver. Naturally occurring silver is only 18.75 times as common as gold, so this ratio of 73-1 is quite high. Until the early 20th century, silver prices were pegged at a 15-1 ratio to gold in the US because this ratio was relatively known even then. In terms of current production, the ratio is even lower at 8-1. Meaning the world is only producing 8 ounces of silver for each newly produced ounce of gold.

Global industry has been able to get away with producing so little new silver for so long because governments have dumped silver on the market for 80 years, but now their silver vaults are empty. At the end of WW2 government vaults globally contained 10 billion ounces of silver, but as we moved to fiat currency and away from precious metal backed currencies, the amount held by governments has decreased to only 0.24 billion ounces as they dumped their supply into the market. But this dumping is done now as their remaining supply is basically nil.

This 0.24 billion ounces represents only 8% of the total supply of only 3 billion ounces stored as investment globally. This means that 92% of that gold is held privately by institutions and by millions of boomer gold and silver bugs who have been sitting on meager gains for decades. These boomers aren’t going to sell no matter what because they see their silver cache as part of their doomsday prepper supplies. It’s locked away in bunkers they built 500 miles from their house. Also, with silver at $23 an ounce currently, this means all of the worlds investment grade silver only has a total market cap of $70 billion. For comparison the investment grade gold in the world is worth roughly $6 trillion. This is because most of the silver produced each year actually gets used, as I have mentioned. $70 billion sounds like a lot, but we don’t have to buy all that much for the price to go up a lot.

**If the squeeze happens, it would be like 40 years worth of their gains in 4 months **

The reason that only 8 ounces of silver are produced for every 1 ounce of gold in today’s world is because there aren’t really any good naturally occurring silver deposits left in the world. Silver is more common than gold in the earth’s crust, but it is spread very thin. Thus nearly every ounce of silver produces is actually a byproduct of mining for other metals such as gold or copper. This means that even as the silver price skyrockets, it wont be easy to increase the supply of silver being produced. Even if new mines were to be constructed, it could take years to come online.

Finally, most of this newly created silver supply each year is used for productive purposes rather than kept for investment. It is used in electronics, solar panels, and jewelry for the most part. This demand wont go away if the silver price rises, so the short sellers will be trying to get their hands on a very small slice of newly minted silver. The solar market is also growing quickly and political pressure to increase solar and electric vehicles could provide more industrial demand.

The other part of the story is the faster moving piece and that is the inflation and currency debasement fear portion. The government and the fed are printing money like crazy debasing the value of the dollar, so investors look for real assets like precious metals to hide out in, driving demand for silver. The $1.9 trillion stimulus passing in a month or two could be a good catalyst. All this money combined with the reopening of the economy could cause some solid inflation to occur, and once inflation starts it often feeds on itself.

What to buy:

I will be putting 50% directly into SLV shares, and 50% into the $35 strike SLV calls expiring 4/16.

This way the SLV purchase creates a groundswell into silver immediately that then rockets through a gamma squeeze as SLV approaches $35.

Price target of $75 for SLV by end of April if the short squeeze happens.

Edit: for the part of your purchases going into shares, some people recommend PSLV because they think SLV might start lying about having the silver in their vault. Or that the custodian will be double counting, ie claiming that the same silver belongs to multiple people (banking on the fact that people wont all try to get their silver at once). So if you buy SLV shares and calls, that’s great. But I think it could be prudent for us to buy options in SLV (no options on PSLV) and shares in PSLV. It all depends on how paranoid you want to be. There is a lot of paranoia in the precious metals world.

Alternate options:

  • buying physical silver; this also works but you pay a premium to buy and sell so its less efficient and you take fewer silver ounces off of the market because of the premium you pay
  • going long futures for February or March; if you are a rich bastard and can actually take physical delivery of 1000s of ounces of silver by all means do so. But if you simply settle for cash you are actually part of the problem. We need actual physical delivery, which is what SLV demands and is why SLV is the way to go unless you are going to take delivery
  • miners; I don’t recommend buying miners as part of this trade. Miners will absolutely go up if SLV goes up, but buying them doesn’t create the squeeze in the actual silver market. Furthermore, most silver miners only derive 30-50% of their revenue from silver anyways, so eventually SLV will outperform them as it gets high enough (and each marginal SLV dollar only increases miner profits by a smaller and smaller percentage)

Texas Bullion Depository – The New Gold Standard




The Texas Bullion Depository: Restoring the Gold Standard

WASHINGTON, May 26, 2017 – On June 12th, 2015, the Texas legislature signed into law Bill Number 483, bringing to life the Texas Bullion Depository. The state of Texas owns about $660 million dollars worth of gold bullion that is currently housed in a vault in HSBC Bank in New York City. The recently passed bill… Continue reading Texas Bullion Depository – The New Gold Standard

May 24, 2017 Brandon (H.V.N.F) Written By honestvalueneverfails.com Recently there has been a lot of discussion about bitcoin. Talk about how much you would of made had you been “invested” into it over the past week or two. Above you see an electronically created picture of a coin with the letter “B” on it representing bitcoin, a crypto-currency. That is exactly what it represents, a worthless electronically created currency portrayed by this coin. No such coin exists its just a picture. On the right you see an American Gold eagle. In this article I will explain why gold and silver will always outweigh and out-value bitcoin. Gold and Silver have been valued and sought after for thousands of years all throughout history. Both are tangible, biblical and true forms of wealth. Bitcoin on the other hand is not. If you do a little research and reading on bitcoin you will find that this electronic form of “currency” or so they claim it to be, is backed by nothing. Sounds familiar right?




I came across an article online on a website called 99bitcoins published by a man named Brian Booker(https://99bitcoins.com/what-is-bitcoin-backed-by/). The title of this article is “What is Bitcoin backed by” and right away his first sentence he informs us what it is backed by, and that is nothing. Within this article he has a paragraph I would like to talk about. “What backs a currency is irrelevant, Perception is what matters” is word for word what he has titled this specific segment. He goes on to say that the idea that commodities are necessary to back up currencies is totally irrelevant. I personally will never comprehend the logic behind his or anyone’s thought process in this matter. He even talks about bitcoin pretty much being another form of fiat currency. Well if we look at our current fiat currency backed by nothing and the situation its in, he really isn’t helping prove his point or defending his argument. He talks about hyperinflation, how much it affects our current dollar and fiat currencies around the globe but then completely contradicts himself by saying bitcoin is like a new fiat system. Hyperinflation exists because our currency system has not been backed by anything. He even states “Money has value because we believe it to have value”. Our dollar has been backed by nothing but faith, trust and a blurred perception for so long that it has lost over 80% of its value since 1971 when Nixon abolished the gold standard system. You see my point on how worthless bitcoin really is along with our failing fiat dollar backed by false trust. What never fails is honest value.




Real, constitutional, and biblical forms of wealth. Gold and Silver will always be the epitome of true forms of currency. Both are finite sources you can hold in your hand. They aren’t a form of currency you can just print out or download. You can store them securely where nobody can find them and take it away, unlike bitcoin which is a matrix form of fiat currency that can be lost in the blink of an eye. Not that there is any true value there to begin with anyway. Gold and Silver have not only held their value but increased over time as hyperinflation continues to resume within our fiat system. They are my hedge against such inflation and I encourage everyone to hedge themselves against it as well. Preserve and protect your financial future for yourself and your family. Don’t perceive something a certain way just because its meant to be perceived that way, especially bitcoin.

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