The Future Of Gold And Silver

Last Sunday night, in the wee hours while most of the western world was asleep, a huge burst of selling occurred at the start of the open in Asian futures trading. About 24,000 contracts worth over $4 Billion dollars were sold off in mere minutes, as shown in the attached graph, courtesy of Kitco.com. Gold then flash crashed about $60 before recovering later on Monday. Couple that with the loss of $40 the previous Friday and it's one of the sharpest drops recorded.

Who has $4 Billion to sell off and so quickly? Who has that sort of power to execute such a transaction? The likely culprit is a central bank. Also, to be able to execute such a large transaction means it was approved by SWIFT, which is controlled by the US. SWIFT is the system used by banks around the world to move money around between each other.

I don't think I'd be able to walk into a bank, billionaire or not and ask to cash out $4 Billion and get it in minutes. Hell no, it would likely take at the least, several hours, maybe days to ensure the transaction is legit and so on.

I've been following silver and gold for about a decade now and I can verify that this has happened so many times I've lost count. Another thing I've noticed is that these mysterious dumps almost always happen overnight, at the start of trading in the Asian markets. There's also a correlation between the dollar and gold. If gold goes down, the dollar goes up and vice versa.

If you haven't heard, Basil III regulations were implemented recently by the Bank For International Settlements (BIS) for all banks in that they will no longer be allowed to put gold futures contracts / derivatives and the like on their books as assets. The BIS declared gold a tier one asset and this has all these trading houses freaking out because it basically means all they have amounts to nothing. Are they selling off to avoid catastrophic losses before the rules are fully implemented? Your guess is as good as mine. They operate behind a thick fog.

Silver too was pushed down but this once again provided silver stackers with the opportunity to add to their positions. I used to stack myself until I reached a personal goal in 2019. Since then, I've diversified a bit and bought a little property in my birth province of New Brunswick in Canada and also purchased some cryptos.

As of writing, gold is at $1752 and silver is at $23. What a bargain. It's obvious to me silver is a steal. While I support blockchain technologies and cryptos, I very much support the idea of owning physical silver. While I stopped stacking in 2019, I still purchase a paltry $50 a month through OwnX which amounts to about 2 ounces of silver as of writing. Payments are deducted from my bank account directly to theirs and the silver is added to my account. A click of a mouse is all it takes to 'cash' out and your silver is on its way to you in a discreet package. I can verify this as I've cashed out a few times and OwnX is very reliable. I've placed a link below. I recommend you check it out when you have some free time.
Unlike gold which is primarily a store of wealth, silver is not only a monetary metal but also used in industry for cell phones, solar panels, LCD tvs, etc., which should make silver more valuable than gold. A lot of people don't know this but in the last century, we've used up a vast quantity of silver in industry and it's gone forever. A good example is the manufacture of old moving picture film and photography. Silver was a primary ingredient.
Solar panels, while great for harnessing the power of the sun, cannot be recycled. There aren't any means at the moment anyways. This means all those solar panels are likely destined for the dump. Each regular 100 W solar panel has about one ounce of silver incorporated into its design. We've been making a lot of solar panels lately...
So yes, silver is being burned. It's estimated we used to mine about 16 ounces of silver for every ounce of gold. Nowadays, we're able to mine at a ratio of 8 to 1, according to SD Bullion. Not only are we throwing this precious metal away but it's also getting harder and harder to find.
So what does this tell you? Well, it tells me this is a strong buy signal for silver. I don't need a crystal ball anymore to try and peer into the future to see where silver and gold are headed. It's in plain sight now. The dollar price of silver is headed up and will more than likely outperform gold.
In my experience buying silver, there have been times when silver was hard to get your hands on. I remember waiting three months to get my silver delivered to me. This was before I joined OwnX and made my purchases through a private mint. Lately, I've been reading of extended wait times again. Expect this and be patient. It takes time to mine and process silver and mint them into bars, rounds and coins. Many folks are rushing in at the same time which also causes bottlenecks so patience is needed in times like these. Trust me, it's worth the wait.
Silver and gold prices are extremely volatile, just like cryptos but are just as important. Don't let these price fluctuations flush you. Last Sunday's flash crash meant nothing to me as I already know the precious metals will quickly rise again. Gold's already recovered about 50% of its weekend loss. While gold is usually for the rich, silver is expressly for the people. At $23, silver is so undervalued that I'm going blind because I can't believe it's still below $100 an ounce in the environment we live in. There are predictions out there that silver will skyrocket past $600 an ounce. I believe it will happen and soon. It'll probably go even higher as commodities often overshoot during their moonshot phase.
I'm sure you'll agree that to ensure your wealth is protected, you should diversify. It's definitely not too late to get your hands on some silver. I encourage everyone to get some as soon as possible. Who knows what lies around the corner. Silver will come in handy in times of crisis such as an extended power outage (or mass strikes against forced inoculations).
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