Silver Set to Surge | How to Misplay it by MoneyWeek

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SUBSCRIBE to Our Channel: https://www.youtube.com/c/sdbullion?sub_confirmation=1 The spot silver and gold price markets through this Thursday evening have been mixed, with gold steadily climbing higher and silver selling off very slightly through the week thus far.

The spot gold is likely to close this week again above the $2,000 oz price support level, with the spot silver price battling to close again above $23 oz.

The spot gold-silver ratio has climbed through Thursday at 89.

That will be all for our weekly SD Bullion Market Update.

As always, to you out there, take great care of yourselves and those you love.

—

Spot Gold Silver Prices
https://sdbullion.com/gold-price

Silver Set to Surge by MoneyWeek:
https://gb.readly.com/magazines/moneyweek/2024-02-02/65bc854a4e089facf026c1e8

United States: 8,000 migrants travel to southern border as election looms

Silver about to register best weekly profit in 2024 on Chinese demand
https://www.economies.com/commodities/silver-news/silver-about-to-register-best-weekly-profit-in-2024-on-chinese-demand-44013

At least 50 dead after open-pit gold mine collapses in Venezuela

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Rather than my op Le chasing paper promises I was heartened to see this week that many of you out there are taking full advantage of current lower premiums in the bullan industry and while Western paper handh holders of underperforming unsecured ETFs and miners are net selling still shrewd

Bullan buyers out there are still coming through at SD bullan buying at Paces similar to around 2022 in terms of bullan buying volumes I’m recording this Thursday evening February 22nd 2024 as I will be traveling tomorrow Friday as this bullion market update premieres before we get into this week’s news a

Couple items and updates of recent content and new product offerings at SD bullion many of you have been asking about the latest Commander series of 5 O silver coins at SD bullion and Commander series gold coins General Patton has arrived at SD boy and is likely to sell

Out soon similar to the way the first Napoleon offering did we had a few Royal Canadian M Executives as guests at our SD boyan headquarters recently and we published a 1-hour podcast with them only a few days ago if you missed it over 40,000 New View out

There have already viewed it it’s no coincidence we’re having a nice sale on RCM Gold Silver and platinum Maple buyan coins this week in terms of quality anti-counterfeit technology North American and Global recognition Royal Canadian Mint makes perhaps the best Sovereign bullion product range in the entire business onwards to news and data

From the week reports out of China suggest strong retail sales volumes during their recent New Year’s holiday festival season sales are up well higher this year 2024 versus pre-co 2019 levels Swiss physical gold import export data for last month J with these reports as the left-hand chart’s large Blue Bar is

Gold exports out of the USA into the big four gold refineries and Switzerland and the largest two bars on the right hand side being China first and second Hong Kong the other largest blue bars on the right the Swiss exports are headed to India the UAE Thailand Saudi Arabia

Those are the next largest export blue bars on the right hand side so the usual as of late as the West loses physical gold flows to the east I saw this misleading graphic floating around the internet this week and while I don’t expect any Sovereign anywhere to actually ever transparently

Audit their official gold bullion Holdings ever there are a few important points to remember about the current claims of official gold counts in the world the amount of eventual official gold either the soon to be world’s largest minor Russia or the decade long China largest gold minor in the world

How much they’re going to officially claim in the end is a long topic but rest assured it’s much higher than the current claims they are making collectively if we add up the current European Union member States official gold Reserve claims they together have over 11,000 metric tons of gold bullion

Already so no USA USA USA in terms of major Global Fiat Reserve currencies we’re not number one but actually officially number two if you consider the European Union’s total Holdings kid Trump in 2016 basically admitted we don’t dominate gold like we once did following World War II can you

Envision a scenario if this country ever goes back to Gold stand you know there’s something very nice about having something solid you know we used to have a very very solid country because it was based on a gold standard we don’t have that anymore there is something very

Nice about the concept of that it would be very very hard to do at this point and one of the problems is we don’t have the gold other places have the gold but I know who cares check out these fresh $400 sneakers that’s the real deal that’s the real [Applause]

Deal fiscal elephants in the present and future us financing inflation adjusted US government spending since 2020 is more than the combined spending of World War I World War II and 1970 through 1990 combined and given where us entitlements things like Social Security Medicare Medicaid are projected to

Go this is apparently the new normal for the foreseeable future at least until the eventual walls we smash into now how are we going to finance all this well here’s another forecast stay tuned to the other side of this week’s update we’re going to hit on two important gold and and silver

Related topics the escalating us migrant crisis and the way in which silver bullishness is currently being covered in financial Medias from India to its former Colonial Cut and Run Master The Faded British Empire stick around hello this is James Anderson on behalf of SD bullion smash the like

Button if you enjoy these bullan Market updates and subscribe to our channel here for weekly bullion Market updates with exclusive bullan service offerings like this one the worst day on Wall Street since the crash of 1986 we’re now down 43% this could be the most serious recession in decades protect your

Retirement with gold and silver IRAs learn more at sdbullion.com the spot silver and gold markets through this Thursday evening have been mixed with gold steadily climbing higher and silver selling off very slightly through the week thus far the spot gold price is likely to close this week again above

2,000 ounce price support level with the spot silver price battling to close again above 23 an ounce the spot gold silver ratio has climbed just slightly through Thursday at 89 recent data reveals the size and scope of the escalating migrant populations into the United States of America the vast majority of these

Immigrants likely coming from dysfunctional States and depressed economies in Central and South America and currently with overall food cost at 30-year high levels in the USA escalating welfare handouts and eventual criminal activity will likely be climbing as well and while the world gold Council wants people to make believe that the

World’s gold industry physically flows clean like so the truth is certainly more opaque sorted and often ugly in central Venezuela dozens of minors have been killed following the collapse of an open open pit Gold Mine known as bja Loca in the municipality of angostura it was a serious incident at

The bour Loca mine 15 bodies and four injured have arrived so far now two more boats are arriving with about eight more bodies while the bodies of some miners have been returned to their families friends and relatives of workers who are still missing are desperately waiting to hear word of their loved

Ones are they dead are they wounded why don’t they supporters where are they video circulating on social media appears to show the first attempts to rescue miners some belied to be buried more than 30 M below ground in 2016 Venezuela’s government established mining development zones across the

Middle of the country leading to several mining Enterprises that operate outside the law mining for gold and other Precious Minerals offers a lucrative opportunity for many V Venezuelans who struggle to make ends meet a lack of safety regulations combined with harsh working conditions also make the job extremely risky for

Wbe miners over the last near decade now the dictatorial Maduro regime caused the second largest migration of people only behind Ukraine a few years back instead of War being their reason for leaving Venezuela it was simply economic dysfunction and a propped up military whose loyalty were often paid off by Amazonian Artisan gold

Proceeds it’s no surprise that venezuelian military brass want to take more land from neighboring Guyana after all their overseers are the ones who get the largest cut of these Artisan gold mining profits so-called blood gold whatever desperate part of the world it comes from and refines through it’s mostly

Going to end up in the Eastern world as well it’ll flow through the middle east Southeast Asia Russia Etc it’s going to end up in coffers in the East typically finally to end this week’s SD bullion market update money week out of the United Kingdom published The Following cover article bullish silver

Earlier this month February 2024 Now Let’s ignore their silly silver cartoon for now and see what content they actually came with be prepared after years in the doldrums silver is set the surge fans of the devil’s medal have faced frustration says David J Stevenson but that may be about to change silver

Is often described as the quote Devil’s metal it’s an extremely volatile and started ability to burn holes in investors Pockets never has the latter trait been more evident than in recent months in March 2011 silver hit $48.60 per ounce a record Peak sorry that’s untrue three years ago it traded at 2850

An ounce yet now in real inflation adjusted terms dollar pric silver is hardly any higher than it was just after World War I the medals under performance is thrown into sharp Relief by the gold silver ratio this indicates how many silver ounces equal 1 o there’s more on

This topic later on at present the ratio shows silver is looking cheap compared with bullan however with Silver’s fundamentals both strong and improving it could soon be rated relative to Gold why for starters silver is an industrial metal whose range of applications keeps growing it’s extremely durable one of

The world’s best electricity conductors and it’s particularly suited to coding electronic contacts on printed circuit keyboards so it’s used in near all computers and mobile phones as well as in electricity produced solar cells and plasma display panels television onoff buttons microwave ovens toys and keyboards employs silver membrane

Switches silver ink removes the need for wires silver and medical devices bandages ointments fights infections furthermore water purification systems use silver ions a sanitizer in particular to counter antibiotic resistant bacteria such as MRSA silver is also used within the vehicle power generation and construction sectors very popular in the jewelry industry as well

It is often an alloy to improve durability in sterling silver for instance which constitutes 92.5% silver and 7.5% other metals last year overall silver Supply was estimated at just over 1 billion ounces according to Silver Institute 820 million ounces of which came from mine production second lowest level for a decade in the

Near term there are risks attached to Silver’s market value if the US were to go in recession still quite possible industrial demand for silver would be adversely affected meanwhile business confidence in China May remain fragile so Chinese silver usage could be sluggish for the next few months Supply

Squeeze looking Beyond this year however the outlook for silver is highly auspicious in particular one major supply side hurdle is approaching Mexico it’s the planet’s top silver producer supplying almost a quarter of global Al pit however Mexico’s silver production is now declining at Double Digit annual rate notes Tavi Costa at money manager

Kescott Capital why labor political and environmental activis m is mounting last year the Mexican Government overhauled mining laws including shorter concessions and Tighter rules for permits Mexico’s silver reserves are therefore dwindling by 2026 at current production rates they could be exhausted another major factor for silver is overall demand from investors which is

Set to continue Rising the long term as investors worldwide seek a hedge against inflation and a store of value it could well receive a near-term Philip too America’s Rising inflation rate in 2021 and 2022 drove the US Federal Reserve to keep hiking interest rates it’s also operated quantitative tightening qt or

Reducing the amount of printed money in the system rather than quantitative easing QE added printing money to the system this looks set to change though it appears that America’s Financial Plumbing is starting to clog up as liquidity is removed from the system there are signs that current cash

Surplus in money markets is rapidly diminishing quote the FED is on coursed nqt and restart QE in the coming months against a backdrop of loose fiscal policy and a still resilient economy opening the the door to a re appearance of inflationary pressure that the FED may have little appetite or ability to

Restrain however silver acts as an even more potent monetary barometer having historically mimicked and indeed Amplified movements in Gold to return the gold silver ratio it’s the quote oldest continuously tracked Exchange in history says Investopedia as gold and silver prices have such a wellestablished correlation for the

Whole of the 20 20th century the average gold silver ratio was 20 47 to1 in the 21st century the ratio has ranged mainly between 50 to1 70 to1 with a low of 35 to1 in 2011 lower real yields will boost precious metals the current gold silver

Ratio is around 88 near the top of its 100-year range between 15 and as high as 113 a return to just the midpoint of that Century long spread around 64 even assuming unchanged gold would lift silver to almost 32 an ounce if the rati you were to compress the 20th century

Average at 47 again presuming that gold stayed still silver would rise to 43 anounce quote the FED cutting cycle and falling us real yields are expected to push gold prices to Du nominal highs in the middle of 20124 reaching the average of 2,175 an ounce by the fourth quarter

Says JP Morgan silver will probably follow gold averaging around 30 an ounce in the fourth quarter so what are the best silver bets the following investment ideas remain excellent ways of playing Rising silver and let’s see here they go on and give you a few

Minors uh and uh an unsecured ETF so not a lick or a word about how people in the United Kingdom should just go outright buy Royal Mint products like for instance the silver Britannia bullion products or whether coins or bars Etc so the uh suggestions were pretty

Lackluster here uh I see that they have hecka mining here and let’s just pull up a chart of hecka mining oh yeah that’s right hecka mining has been going nowhere this entire 21st century BAS basically uh it’s been more or less flat so the price of silver has gone from you

Know roughly four an ounce to where it is now and hecka mining has basically just been adding shares diluting shares diluting shares diluting shares over the last few years so another point in the camp of uh bullion over miners oh and here’s another one this just happened numont let’s see Oliver Grobe tweeted

The world’s largest gold miner numont with the market cap of 38 billion reported free cash flow of just 88 million for 2023 let’s pull up a chart for numont and there’s Craig himy on Twitter going on a rant about uh how poorly it has been managed and how poorly it’s

Performed versus the gold price and again I’m going to repost this uh chart here that shows you pretty much since 2006 Global gold mining indices that being you know United States Canada Australia Australia uh South Africa miners in general and Gold Have underperformed bulling since 2006

And end this week Jordan Roy bran of the daily gold provided this chart of Gold’s ongoing historic spot price versus the 60% stocks 40% bonds portfolio when the black line below is falling gold is out of favor and Western Fiat financialized Capital flows away from it vice versa when the black line is

Climbing uh Western fat financialized Capital flows which are very large flow into it so the coming Bond and stock bare markets they barely begun we stance the gain and benefit for years to come as this black line eventually starts climbing yet again that will be all for

This week’s SD bullion market update as always to you out there take great care of yourselves and those you love if you enjoyed this video hit the like button and share it with those you love subscribe to our Channel Channel and hit that alert button so you know

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