“And you wonder whether or not you should at least have some mining shares?”
You are not bullish enough on US Critical Minerals as White House mineral and supply chain czar @DavidCopley shares the US government's ambitions in the mining sector at the Future Minerals Forum in KSA @FutureMineralpic.twitter.com/XsCS3vncyA
“But Wolfgang, they keep telling me you cannot eat gold or silver? Bill”
Bill,
If people just understood one simple fact, they’d be lining up out the door to purchase physical silver and gold.
That fact is that precious metals are fungible.
We live in, and have always lived in, an inflationary environment. America can’t live without inflation (case in point: the Fed is looking to achieve 2% inflation. Not zero % but 2%.) So anyone with cash will always lose money.
Now we can protect ourselves by purchasing things now instead of later. However, many of our daily needs are perishable. You can’t load up and store meats, produce, dairy products, etc. So what can you do?
Buy gold and silver. They keep up with inflation and can always be traded for perishable goods. You’ll never be at the mercy of having to pay higher and higher prices. Even for non perishable items like car insurance, home insurance, medical insurance, autos, etc.
There’s an old story that, throughout history, an ounce of gold could always dress a man in the finest garments from head to toe. The same applies for perishable foodstuffs.
Now I understand why people like Jim Rogers, when questioned as to when he’ll sell his precious metals, says NEVER!
“This is ridiculous W, a cash settled contract on silver “price” without any silver… Brilliant!”
Bill,
The reason for Silver’s pop above $90 this morning is Panic in the Pits.
The “Delivery Demand Dam” is about to burst and they are trying to divert demand to a non deliverable product.
Wolfgang
CME Group will launch its 100-ounce silver futures contract on February 9, 2026, pending regulatory review. This new offering aims to provide retail investors with a more accessible and cost-effective way to trade silver futures with less capital.
Bill’s Commentary:
“Just wait a few months when commercial real estate loans cannot rollover… those will be some BIG CRACKS!”
Cracks Begin to Appear at the Nation’s Biggest Banks
For a year, Wall Street’s dominant theme has been the so-called K-shaped economy, in which the well-to-do have powered financial activity despite lower earners’ struggles.
This week, the nation’s largest banks reported a broadly disappointing set of quarterly earnings, the first stumble after a yearlong spree of rising markets and softening regulations paid off handsomely for the finance set.
Results at Bank of America, Citi, JPMorgan Chase and Wells Fargo all fell short of expectations, and their shares fell. Troubles ranged from delayed merger deals (JPMorgan) to stubborn expenses (Citi) to questions about the efficacy of artificial intelligence tools (Bank of America). Banks that do business largely with rich individuals and corporations, such as Goldman Sachs and Morgan Stanley, fared comparatively better.
“Which market is correct? COMEX at $92 or Shanghai cash market over $100? It’s OK to say it, you know the answer!”
Shanghai Silver Price in Dollars
The Shanghai Silver Price premium reflects the difference between the price of silver traded in Shanghai and that in other major global markets, such as London. This premium or discount can be influenced by regional factors like industrial demand, which is significant given silver’s extensive use in electronics, solar panels, and other technologies. Additionally, investor sentiment and fluctuations in the Chinese Yuan also play a role. A higher premium often indicates strong local demand or limited supply, while a discount may suggest a softer local market.
“The “naked shorts” conspiracy theory now has a smoking gun. Add this to conspiracy FACT!”
BREAKING 🚨 UNDER GARY GENSLER’S LEADERSHIP, THE SEC HAS BEEN CAUGHT COLLUDING WITH WALL STREET
FOIA records reveal a broker trade group pushed the SEC to deny an S-1 due to unaccounted-for shares, known as naked shorts ⬇️ $MMTLPpic.twitter.com/t27VYrOWKN
“Put this one in the plus category for President Trump”
The UN Goes Ballistic, Demands America Continue to Fund Globalist Agencies in Wake of Trump Pulling America Out of More than 30 UN-Connected Globalist Orgs
Freaking out, the U.N. responded to the Trump administration’s withdrawal of U.S. funding and participation from 66 globalist organizations, of which nearly half are U.N.-affiliated, including UNFCCC for climate, UNRWA, UNESCO, and other murky organizations.
The unaccountable bureaucrats insist the U.S. remains legally bound to pay dues to the U.N. regular and peacekeeping budgets under the U.N. Charter. Despondent, Secretary-General Antonio Guterres expressed regret over the decision, while spokesperson Stephane Dujarric emphasized that assessed contributions are a mandatory obligation for all member states, including the U.S., and that U.N. entities will continue their missions either way.
All of the World’s Silver Reserves by Country, in One Visualization
Silver prices surged to new all-time highs in December, extending a powerful end-of-year rally supported by geopolitical uncertainty and a weaker U.S. dollar.
Silver futures briefly touched around $80, marking an unprecedented 160% rally in 2025 that outpaced even gold. Against this backdrop, understanding where the world’s silver reserves are concentrated provides crucial context for future supply dynamics.