Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (46390)	9/15/2024 12:27:48 AM
From: bull_dozer	3 Recommendations Recommended By Arran Yuan isopatch SliderOnTheBlack Respond to of 50168

A Look At London Silver Bullion Banks' Extinction Risk Since the creation of the LBMA in 1987 with oversight by the Bank of England central bankers and coordination globally by the Bank for International Settlements, bullion banks have been free to sell cash/spot contracts for silver and gold bars into the London market diverting demand from physical metal markets. Gold and silver were converted in London, for a while, into virtual assets that could be created without limit in that market. Each spot contract is today only fractionally backed by metal bars with the rolling assumption that the majority of holders of these cash contracts would not ask for delivery in sufficient numbers to recognize that they were holding largely unbacked contracts. This has changed in the physical silver market with 2024 as the 6th consecutive year of global silver supply deficits and the worm has turned on the silver paper metal sellers in London. jensendavid.substack.com