Eric Yeung 👍🚀🌕
@KingKong9888
Geopolitical and economic effects on Precious Metals and commodities. Not financial advice. Opinions are my own.
Let’s get something straight 1) Most regular peeps don’t own a significant amount of physical Gold bullion compared to sovereigns and CBs 2) PMs price suppression is a game between countries - they don’t care about the tiny number of small peeps who own physical Gold. 1/3
Me seeing $SLV Inflows
SLV ETF important comments In the last 2 days 17.7 million shares have been created and approximately 16 million silver ounces will be delivered into the iShares Silver Trust. This activity has increased the shares available to borrow and also lowered the borrowing fee to short…
This coincides to @KingKong9888 recommendation of buying Platinum in April/May timeframe Glad that I listened to him
Chinese Platinum imports 11.8 tons in June 2024 Historically large Pt imports 3 months in a row
My little daughter received more red-pocket gift money over the Summer holidays. It looks like I will have to visit the coin shop to buy more #Silver for her.
The Fed and Treasury Are Ready to Revalue and Monetise Gold. Equivalent of QE Without the Debt. youtu.be/65Q_I697Oj8
“Free float” of silver in LBMA is vanishing: SLV rocketing up 500 metric tons the 2 first days of the week. Normally I don’t report on daily basis, but this is huge: SLV has added 17.7 million shares on Monday-Tuesday. That means from JP Morgan’s LBMA vaults, 500 metric tons…
At some point, #Silver will give the Banksters its middle finger. 😆🤭🙈
The most damaging aspect of financialisation has been the ludicrous asset bubbles that have been created. Arguably the greatest example of this has been the digital garbage. It's price is not a recognition of its value or worth. It is slick marketing which has created this…
I always liked Armand de Brignac, "Ace of Spades" champagne’s #Gold bottle. But “2008” Dom Perignon ain’t bad either…
The financial Noah’s ark is #Gold and #silver. Only thing with a proven track record and a total inability for government to seize… Even Stalin had to barter with his own people using western goods at the “Torgsin” shops to get their gold, silver, gems and foreign fx.
Those who cannot see inflation now do not understand money. Fiat's purchasing power is evaporating due to too much. Liquidity is sloshing around like a drunk on a bender. Assets are not rising in value - the are losing value but cost ever more $ Look at Zimbabwe or Argentina…
“The Indians that migrated in the last 5 years is making my last name Singh terrible”
Donald Trump’s support is crumbling. "You can't get into office after 10 years of saying, "Drain the swamp," and then say, "You know what? Draining the swamp isn't necessary. We're going to inhabit the swamp."
#Silver is the most neglected asset class by mainstream plebs.
🔥 Spot Silver breaks past $39
In the chapter on defaults on domestic debt, the authors (Kenneth Rogoff, Carmen Reinhart) note that in many historical episodes, governments found it politically easier to default or inflate away their debt than to raise taxes—especially on the wealthy.
1/15 REGRESSIVE TAXATION AND THE VASTER PROBLEM THEY REVEAL: INABILITY TO TAX THE “AMERICASTOCRACY” - PART 1 Kenneth Rogoff and Carmen Reinhart , in the book This Time is Different 👇
Gold and Silver Secrets No One Talks About! Premier at 2:45 pm Pacific today youtu.be/PHku8ubez1g @KingKong9888 #stackingsurfer
I posted an article on @SeekingAlpha : Top 10 Silver Producers. seekingalpha.com/article/480280…
This is interesting. Anyone want to interpret this for me?
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