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This compilation of financial insights includes videos from SD Bullion, Bix Weir, and Wall Street Silver.
SD Bullion reports record buying of gold by central banks. Bix Weir talks about commercial silver riggers. Greg Foss joins Wall Street Silver to discuss how the banking system is going bust and why you need to own hard assets now.
SD Bullion
Premiered Aug 11, 2023
Major central banks like Germany and Poland have also repatriated or demanded back physical delivery of much of the official gold bullion reserves they once held with the Federal Reserve in New York or with the Bank of England in the City of London.
The amount of gold bullion central banks have been collectively buying in terms of overall metric tonnage on a historic basis has been hitting record-high levels of late.
The first half of this year, 2023, was no exception to this trend which ramped to historic high levels last year in 2022.
Just under 400 metric tonnes were purchased for the first half of this year, led by China, Singapore, Poland, and six other central banks respectively.
Spot silver and gold prices both sold off for the week, with the silver spot price falling below $23 oz to close.
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The spot gold price closed at $1,913 oz bid while the spot gold-silver ratio climbed to 84.
In industry news, premiums on bullion products continue to fall with deeper inventory levels at the moment.
That will be all for this week’s SD Bullion Market Update.
Take great care of yourselves and those you love.
RoadtoRoota
Aug 11, 2023
The CFTC was warned ahead of time of WHAT was going to happen, WHY it was going to happen and WHO was going to do it….AND IT HAPPENED! And yet the CFTC has done NOTHING TO STOP a Crime in Progress!! When do we say ENOUGH OF THIS BULLSHIT! ARREST THE REGULATORS!!
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Just a quick update on the Insanity of these Days!
Wall Street Silver
Premiered Aug 12, 2023
Greg Foss returns to the show, and we delve into the real concerns about U.S. debt downgrades and potential banking crises. Learn why hard assets like Bitcoin, Gold, and Silver might hold the key to protecting your wealth in an uncertain financial landscape.
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