SD Bullion

GOLD PRICE in Top 20 Fiat Currencies Around the World

The next era of new record gold prices in many of the largest fiat currencies and fiat FX trades is not far away. Hear and see for yourself.

Price charts & accompanying video content can be seen for free at: https://www.youtube.com/c/sdbullion

Black Swan Bullion & Multipolar Changes Continue

It has been a mixed week for the respective silver spot price moving down slightly and the gold spot price testing but failing to clear $1800 oz. Thus the gold-silver ratio keeps climbing, likely closing at 77.

We also witnessed many ugly images and video clips came out of Afghanistan; Chinese state-owned media were quick to jump on the opportunity to warn its neighboring island, Taiwan.

Essentially pointing out in a widely circulating editorial from Chinese state media that once a war breaks out in the Chinese Straights, Taiwan's defenses will collapse in hours, and US Military will not come to its aid. 

Citing that if it decides to interfere with China's likely future Taiwan takeover, the United States would have to have a much greater determination for a fight over Taiwan than it had in Afghanistan, Syria, and or Vietnam.

Also, yesterday, a poorly translated article was published regarding the China Gold Association stating a large number of Chinese gold reserves proven in their ground as of the end of 2020. The race between which nations have the most gold in the ground yet to be mined is between China, Russia, and Australia in the decades ahead. 

What has not changed is the understated Official Gold Reserves of the Chinese state at the moment, still standing just below 2,000 metric tonnes.

Judging by physical gold bullion flows and mining production over the last four decades, increasing since the 2008 global financial crisis. It is fathomable that between the Chinese military and her large sovereign gold bank vault system, China could quite possibly add a zero to their official gold bullion reserves at any time in the future of her choosing. 

Regardless of where her gold reserves stand, the likely issue China will continue to have to battle will be the world's collective faith in her word. The size of interest in China's currently near fully closed capital accounts, if and when they might somehow open, and how that might come about for the world at large.

Swinging this opening back to official gold reserves already mined and owned by sovereign nations, but ones not sitting at home onshore but rather offshore for the nation of Afghanistan. The official Afghan gold reserves are still sitting with the New York Federal Reserve and have been there since 1939. There the nation has over 703 million ounces in the basement of the NY Fed building. But to surprise, the US Treasury and OFAC just froze known Afghan financial accounts in the hope of blocking Taliban leaders from accessing billions in Afghanistan's foreign coffers.

Turning attention to our neighbors north of our North American border up in Canada. The following comment by the current prime minister of Canada running in a snap election should be worrisome for anyone seeking future financial restraint if he wins. 

Next, we turn to JP Morgan Chase's rampant criminality in financial markets.

In a bit of bad news, good news regarding the seemingly lawless financial and commodity market price discovery for the last decade-plus. 

The good news is an Illinois judge ruled this last week that four former JPMorgan precious metal traders will stand trial beginning on October 19th, 2021. One of these former traders is Michael Nowak, the once co-managing director of the megabank's precious metals derivative trading desk.

The trial will cover years of alleged criminality, beginning when JPMorgan inherited Bear Sterns's naked silver short bankrupt desk in early 2008, all the way into the year 2016.

What will not be up for trial is the bank JP Morgan Chase itself, nor the trader's executive superiors who likely also heavily benefited from ill-gotten gains made from tens of thousands of spoofing and slammings of spot prices in precious metals for nearly a decade running.

Now left to hang potentially, these former traders will face criminal racketeering, market manipulation, spoofing, conspiracy, commodities, and bank wire fraud. 

It will be interesting to see what more financial market onlookers might learn as this trial gets underway later this year.

And finally, to close this week's SD Bullion market update. 

Palantir Technologies, a public American software company, specializing in big data analytics, has purchased $50.7 million in 100 oz gold bars to hedge against potential black swan events.

Headquartered in Denver, Colorado. And co-founded by tech billionaire Peter Thiel.

Company customers include the

• the U.S. Army
• the U.S. Navy
• the CIA
• IBM
• Amazon

Its intelligence software is used in 150 countries, and its customers can now pay for services in physical gold bullion. 

Which leads one to wonder, what kind of potential black swan is their data possibly purveying?

And will a trend of publicly traded companies, organizations, and other institutions buying bullion as payment hedges begin to become more widespread? Or will most be caught owning no bullion or physical monetary metals in case of a failure of the internet and/or power grids, prolongs for weeks or even months at some point in our future.

That is all for this week's SD Bullion market update. As always, to you out there.

Take great care of yourselves and those you love.

50 Years of Fiat Fed Note Foolery

A golden anniversary is often the 50th joyous celebration of a marriage where two loves who have spent a lifetime together, mark the occasion with family, friends, and loved ones.

Well, we're about to do almost the exact opposite of that.

Not merely with our own experience and opinion, but also data and many of the damning charts we will show you on this free video uploaded to the SD Bullion youtube channel.

Audio sourced from https://www.youtube.com/c/sdbullion

Silver & Gold Smashog Day?

The silver spot price and gold spot price got smashed in the derivative markets again this past week.

If like me, you have been in the precious metals market long enough, perhaps you, too beginning, are beginning to feel like Phil Connors in the 1993 American fantasy comedy film Groundhog Day.

Gallows humor and derivative price discovery propaganda aside, for those of you who know that this kind of rampant fiat currency creation ultimately blows physical precious metal values higher. Now is a great moment to add to prudent bullion and precious metals positions.

This past week, on this same SD Bullion channel, I published a video looking back a the last dozen years of intraday silver price trading action on a year-by-year basis. An attempt to find the typical times during the day in which short precious metals derivative traders have their generally most considerable downside effects on ongoing spot prices for silver and gold. This week's downside price smashed on the morning hours, was like clockwork.

If you missed that video, here is the link: https://www.youtube.com/watch?v=SCnlc0LaNj4.

It will be essential to see how trading goes this coming Sunday evening into early next week.

Will the precious metals rebound, or will there be further short-term downsides to come?

Not only is silver at a critical support level, so too is gold, platinum, and how much higher may the gold-silver ratio climb in the coming weeks?

In some positive, there appears still to be a shred to the rule of law remaining. This past week a jury convicted Two Former Wall Street Bank Traders of Wire Fraud.

That is all for this week, as always to you out there. Take great care of yourselves and those you love.

Silver Price $226.86 oz Outside COMEX Hours 1970-2021

I know it sounds ridiculous.

As if I added an extra "$200" per troy ounce to the silver spot price in this article's headline.

But that is the current damning East vs. West silver "price discovery" data aggregated over the last +50 years.

Here is a quick background on how "polite" western silver and gold price suppression is.

I would argue it's more ridiculous to publically say that daily and weekly spoofing of the precious metals price discovery markets to the downside tens of thousands of times over a decade doesn't damage the price of an item, over time, compounding to the downside. 

So here we continue to await the coming silver bullion shortage, front running, and likely coming gold bullion shortage (of available quickly deliverable bullion, in real size, at reasonable prices versus spot).

A bit of bad news, good news to start this week’s SD Bullion market update.

Most often miscalled a US dollar, the fiat Federal Reserve note continues devaluing in real purchasing power at rates not seen in nearly 40 years.

The good news is, silver and gold continue being mispriced discovered by outsized derivative and fiat financialized markets that act as having little to no clue on the capital flow comeuppance to come.

In other words, investors can still get physical precious metals positions at comparatively low historical valuations to other asset classes propped and stubbornly still hovering in bubble status.

Prices reportedly increased near 1% from May to June 2021, signifying double-digit inflation using the government’s hedonic quality rigged, underreported inflation figures.

CNBC Pumping Silver Squeeze Segments:
--- https://t.co/FggqKtECQv ---
US Inflation now worse than South Africa

re: #Silver $Silver #Bullion $PSLV >>> $SLV $SIVR#SilverSqueeze https://t.co/iBqOU8fExg pic.twitter.com/Mpl5vCubV8

— James Anderson ▂▃▅ #SilverSqueeze (@jameshenryand) July 13, 2021

The following clip is courtesy of this week’s PBS Frontline documentary on the outsized power the private US central bank has over average citizens' lives at the moment. 

Here is one of its most apologetic Fed employees, Need Kashkari, shirking responsibility for the supposed regulatory mandates the Federal Reserve is mandated to fulfill.

FULL supposed critical FEDERAL RESERVE
PBS FRONTLINE doc link below

Kash Carry stars as just another
self-interested fake regulator fraudster in motion
He plays it perfectly, taking 0% responsibility for their folly leveraging further

Yet another Financial Crisis is inevitable https://t.co/d8cveT7kDW pic.twitter.com/JUq96V1gds

— James Anderson ▂▃▅ #SilverSqueeze (@jameshenryand) July 15, 2021

Pam and Russ Martens of WallStreetOnParade.com point out that over the last 15 and one-half years, the Federal Reserve has approved 3,576 bank mergers. It has denied not one proposed bank merger in the last more than a decade and one half of time.

They go on in this Federal Reserve failure to regulate article. Stating that, the: 

"decline in the number of overall banks fails to capture the gargantuan concentration of assets at just four banking behemoths: JPMorgan Chase, Bank of America, Wells Fargo, and Citibank. According to the March 31, 2021 report from the Federal Reserve, just four banks own $9 trillion in assets of the total $22.56 trillion in assets owned by all 4,978 federally-insured banks and savings associations in the country.

To put it more poignantly, those four banks represent just 0.08 percent of all the banks in the country while controlling 40 percent of the assets."

And now the fiat Federal Reserve is pushing for a new fiat Central Bank Digital Currency unit, often called FedCoin, which will likely result in even more bank concentration once it begins being issued likely later this decade.

BIS' Agustín Carstens is a great #Bullion salesman

Here is he was talking about Central Bank Digital Currency #CBDC and #CrossBorderPayments killing cash, giving gov't central banks near-total control
--https://t.co/40TQWO37Yd https://t.co/FYrpZZmSTq pic.twitter.com/EhNzYdBSf2

— James Anderson ▂▃▅ #SilverSqueeze (@jameshenryand) October 30, 2020

To end this week's SD Bullion update on brighter news and trends building.

The central bank of Brazil continued the trend of the emerging market country's going long gold bullion reserves adding 41.8 metric tonnes to its Official Gold Reserves in June 2021. 

To put that gold bullion buying into perspective, that is akin to buying 3,600 of these 400 oz gold bars you see here.

In terms of the largest net monthly gold bullion reserve buying, six to seven of the largest ten gold bullion buys have happened in the last few years. This trend is unlikely to slow, in other words.

1 yr base for higher $Silver prices being built... https://t.co/IwPxNDWvE2 pic.twitter.com/hbIi1OUYdb

— James Anderson ▂▃▅ #SilverSqueeze (@jameshenryand) July 14, 2021

Turning to the base that the spot silver price has been building over the last near one year of time, my belief is it will ultimately be resolved in the medium and longer-term, strongly to the upside.

I say this confidently, knowing that silver's aggregated eastern trading price is still hovering around $226 fiat Federal Reserve notes or fiat US dollars per troy ounce.

Go back to the start of this article, and see the first embedded tweet, to see this east vs. west silver price discovery chart in both a non-logarithmic and logarithmic scale.

I contend that the RED silver spot price will again meet the BLUE eastern aggregated spot price from 2006-2008 and in early 2011.