“And they told us there was plenty of silver around?”
India’s Largest Metals Refinery Ran Out of Silver for the First Time in History
Shortages hit London too. The silver market is broken.
For months, Vipin Raina had been bracing for a stampede of buying from Indian customers loading up on silver to honor the Hindu goddess of wealth.
But when it came, he was still blown away. At the start of last week, his company, India’s largest precious metals refinery, ran out of silver stock for the first time in its history.
“Coup d’Flat”: Billionaire-Funded ‘No Kings’ Color-Revolution Turns Into White Liberal Boomer Parade As Dems Become National Laughingstock
The Democratic Party’s dark-money NGO network, bankrolled by left-wing billionaires, unleashed a highly coordinated, color-revolution-style mobilization nationwide on Saturday; the same tactics U.S. intelligence agencies have used overseas for years in regime-change operations. Yet the turnout wasn’t dominated by unhinged young leftists or gender-confused woke warriors, but rather by white baby-boomer liberals, a mobilization effort that NGO expert Mike Benz described as a “Coup d’f́lat.”
The nation is waking up to the fact that dark-money NGO networks, including the Arabella Network, Soros Network, Gates Foundation, Ford Foundation, Tides Foundation, Rockefeller Network, Singham Network, and many others, are funneling millions of dollars into what investigative researchers Peter Schweizer and Seamus Bruner of the Government Accountability Institute call “Riot, Inc.” – the permanent protest industrial complex and the engine behind “No Kings 2.0” partners and organizers. These protests are far from organic; this movement is manufactured, coordinated, and entirely artificial.
Sold out in India, panic in London: How the silver market broke – The Economic Times
For months, Vipin Raina had been bracing for a stampede of buying from Indian customers loading up on silver to honor the Hindu goddess of wealth.
But when it came, he was still blown away. At the start of last week, his company, India’s largest precious metals refinery, ran out of silver stock for the first time in its history.
Bondi DOJ Backs Warrantless Invasion Of Gun Owners’ Homes
The Department of Justice under Attorney General Pam Bondi is advancing an argument that threatens to hollow out the Fourth Amendment’s core protection: that Americans may be secure in their homes against warrantless searches.
The lawsuit is Case v. Montana. After a difficult breakup, William Trevor Case was at home alone when police arrived for a so-called “welfare check.” They spent nearly an hour outside his house. Officers walked around the property, shined flashlights through windows, and even discussed calling his relatives or reaching him directly. They never did. Instead, they retrieved rifles and a ballistic shield, broke down his door without a warrant, and shot him.
“This quote sent in from a reader; “THE WORLD IS CLAMORING FOR SILVER AND GOLD, AND AMERICANS ARE SELLING IT. WHO IS THE THIRD WORLD COUNTRY NOW”?
This is so true! I can tell you as a precious metals broker, I have never seen retail selling like this ever before in my entire career. People are selling because they need the money, Main St. is failing…”
“Science has always mattered… even when these leftard asshats abandoned it during the Covid scam…”
15 Democratic Governors Announce Health Alliance to Counter RFK Jr.
The Democratic governors of 14 states and the territory of Guam on Oct. 15 announced a new coalition they said will provide scientific information to counter Health Secretary Robert F. Kennedy Jr.
The Governors Public Health Alliance is aiming to boost coordination between states on public health guidance, preparing for emergencies, and detecting health threats. It plans to issue recommendations to the public on vaccines and other health topics, as the governors say guidance from the federal government can no longer be trusted.
“$300 trillion won’t raise any eyebrows in the world we are headed into!”
PayPal’s crypto partner mints a whopping $300 trillion worth of stablecoins in ‘technical error’
Paxos, the blockchain partner of PayPal, mistakenly minted $300 trillion worth of the online payment giant’s stablecoin on Wednesday in what the company called a “technical error.”
Market watchers had spotted the enormous injection of the PayPal PYUSD stablecoin on Etherscan — a block explorer and analytics platform for the Ethereum blockchain.
Paxos had mistakenly minted the stablecoins as part of an internal transfer, before it “immediately identified the error and burned the excess PYUSD,” the company said in a social media statement.
“What comes will be a “credit event” of epic proportions!”
Regional Banks Crash As More Credit “Cockroaches” Emerge
Just when the market was starting to finally freak out – with a one month delay – about the Tricolor and First Brands bankruptcy following yesterday’s fingerpointing session between JPM’s Jamie Dimon and various private credit firms in which both accused each other of harboring more credit “cockroaches“, this morning the credit freak out went to 11 as two regional US banks crashed after they both disclosed problems with loans involving allegations of fraud (completely unrelated to Tricolor or First Brands), adding to concern that more cockroaches are indeed emerging in borrowers’ creditworthiness.
“And this all happened while gold never had (nor will have) any DEFAILT RISK!”
13 Reasons Why Gold Has Outperformed Stocks Since 2000
The recent increase in gold prices in the United States and around the world has been driven by a confluence of economic, financial, and political factors. This environment, where gold has outperformed U.S. GDP and the four major U.S. stock markets, began in 2000 and has continued to date (see Exhibits 1, 2, 3). We outline 13 reasons why gold has outperformed most major investments and why it is likely to continue attracting individual and institutional investors.
Breaking: Global Silver Shock — LBMA Crisis Forces 88% Draw on COMEX Inventories
Silver’s physical market has just crossed a historic threshold. The CME’s latest report confirms only 173 million troy ounces of registered silver remain in COMEX vaults—metal actually available for delivery. Yet according to ex‑JP Morgan Bullion Bank executive Robert Gottlieb, the London Bullion Market Association (LBMA) must import roughly 150 million ounces to avert systemic failure. In other words, London now needs 88 percent of all COMEX deliverable silver to survive the current liquidity crisis.
“The chart on lease rates is a day old… they closed out on Friday at 200% to borrow silver. Also, you will notice the futures in NY are now $3 below spot in London. Jim used to always ask the question; ‘what is the value of a contract that cannot perform’. Are futures just now beginning to display what they are actually worth? Think about that…!”
Silver Traders Rush Bars to London as Historic Squeeze Rocks Market
(Bloomberg) — The London silver market has been thrown into turmoil by a massive short squeeze, driving prices above $50 an ounce for only the second time in history and stirring memories of the billionaire Hunt brothers’ notorious attempt to corner the market in 1980.
Benchmark prices in London have soared to near-unprecedented levels over New York. Traders described a market where liquidity has almost entirely dried up, leaving anyone short spot silver struggling to source metal and forced to pay crippling borrowing costs to roll their positions to a later date.
“This is SO BAD… failure to deliver from here is a very real possibility! “
Physical Panic: Lease Rate Hits 39%–London in Crisis
The silver market just witnessed a seismic event: On the evening of October 9, Bruce Ikemizu, Chief Director of the Japan Bullion Market Association (JBMA), confirmed that the 1-month implied lease rate for physical silver in London erupted to a jaw-dropping 39.2%. This extraordinary spike, captured in recent market data, signals acute physical supply distress—metal in the vaults is running out, and lenders are demanding a premium for any silver that remains.
“For those who say Trump has not done one single good thing…”
Putin Praises Trump’s ‘Real Efforts’ Toward Peace, Blasts Nobel Committee
President Vladimir Putin on Friday praised U.S. President Donald Trump’s efforts to broker a ceasefire in the Middle East and criticized the Nobel Committee for awarding its peace prize to people he claimed did nothing to deserve it, remarks that appeared aimed at currying favor with Trump, who has grown increasingly cool toward Moscow amid stalled efforts to end the war in Ukraine.
Putin told reporters at a press conference in Tajikistan that Trump “is definitely making an effort and working on these issues — on achieving peace and resolving complex international affairs,” noting that the “clearest example” of those efforts is the recent ceasefire in Gaza.
“Gold $4,000 and Silver $50… be careful what you wish for!”
Gold and silver finally had explosive runs and have become extremely overbought. They are both due a correction while the dollar gets a relief rally… this would be normal. But, we live in anything but normal times…!
I have said for 10 years now that gold/silver would ultimately fail to deliver and take the global derivative edifice down. I believe we are very close. If you bought gold or silver for asset protection, even if they pull back so what? This, I believe, is “the rally you never sell” as described by my late partner, Jim Sinclair. We are currently living through the biggest global financial change in over 50 years. During every financial upheaval in man’s history, holding gold prior to, and through the tumult turned out to be THE BEST HOLDING.
If the metals do pull back, who cares? The collapse will mathematically come. “Trading” and trying to pick a top and hoping for re-entry is a fool’s game at the end of an empire. The only thing that will financially matter once markets break will be how many ounces you own versus how many assets you have being gobbled up by the system, period! Expect a pullback, even hope for one. Because if the metals fail to deliver and price goes parabolic, it means immediate societal breakdown. I have always cautioned when people talked about gold and silver to the moon, BE CAREFUL WHAT YOU WISH FOR!
Bill is interviewed by Metals and Miners (Also posted under Interviews)
Bill’s Commentary:
“Hi Ho Silver!”
Bill’s Commentary:
“Is silver (and gold) due a pullback? Of course they are and in normal times the pullback could be 10% or even more. The state of the silver market today does not resemble normal under any definition. If lease rates are 19% in London, that tells you the market is thoroughly broken, price will ultimately reflect this… “
East Meets West: Silver Spike Shatters Records—$59 on JD.com, London Lease Rate Explodes to 19%
JD.com has silver listed at $59 per ounce. With 1 kilogram equaling 32.1507 troy ounces, that works out to about $1,900 per kilogram. This highlights soaring premiums in China and the desperate scramble for physical metal.
Now we interrupt this news article to pivot to the West
The 19% Lease Rate Shock: China’s Secret Silver Empire and a Global Market on the Brink
This is not just another price spike. The world is witnessing an unprecedented unraveling of the silver market—one that pundits, economists, and policymakers everywhere will remember as the point at which physical reality overwhelmed financial illusion.
“Ya think? Actually, whenever asked how much gold and silver you should have as a portfolio percentage… my standard answer is ‘whatever you don’t want to lose.'”
Ray Dalio says today is like the early 1970s and investors should hold more gold than usual
Bridgewater Associates founder Ray Dalio said investors should allocate as much as 15% of their portfolios to gold even as the precious metal surged to an all-time high above $4,000 an ounce.
“Gold is a very excellent diversifier in the portfolio,” Dalio said Tuesday at the Greenwich Economic Forum in Greenwich, Connecticut. “If you look at it just from a strategic asset allocation perspective, you would probably have something like 15% of your portfolio in gold … because it is one asset that does very well when the typical parts of the portfolio go down.”
“Gold is not “going up”, it is the fiat currencies losing value that you witness…”
Gold: The US Dollar Bank Run Is Speeding Up
Previously, I have shown how the US dollar banking system is in the midst of a bank run. We have entered the critical part of this bank run. The US dollar banking system has become too debased, and nations are running to an asset like gold as a reserve asset instead.
It can be described as very similar to the events since Nixon ended the direct convertibility to gold in 1971. In the Gold/Monetary Base chart (below) you can see currently how a similar pattern has developed to the 1971 end of convertibility.
BillHolter.com 
