A populist uprising

 Situation Update, Feb 1 – Populist financial uprising may tear down the entire RIGGED system

Natural News,

1 February, 2021 

The silver lining for the events of the last year is that huge numbers of people are awakening to fact that everything is rigged:

• The elections are rigged.
• Wall Street is totally rigged. There is no “free market.”
• The courts are rigged and no longer provide anything resembling “equal justice.”
• The money supply is rigged with fiat currency and endless money printing.
• The news is rigged with fake news from the globalist-controlled media.
• Speech is rigged by the tech giants that censor truth and promote lies.

Yet now, thanks to public access to the stock market, people are discovering they can stick it to the system by participating in “short squeeze” actions by purchasing certain assets. This is the entire story behind the WallStreetBets / Robinhood / GameStop phenomenon that we’ve all witnessed over the past week.

More importantly, we believe that certain strategic groups are using the same strategy to expose the vulnerabilities of the entire fraudulent system as a prelude to bringing that system down. In other words, certain white hat groups are, we believe, actually working to accelerate the demise of the fraudulent financial system in order to replace it with a more honest money system after the crash.

The entire house of cards of our current system is built entirely out of fakery and fraud. And I don’t mean just the stock market, but also the entire U.S. government which depends on endless debt creation for its very existence. The debt printing machine is the Fed, and the Fed is intertwined with the monopolistic banks (like JP Morgan) that stay afloat by manipulating both stocks and precious metals (such as silver).

The silver market has long been suppressed by these banksters and their government financial thugs as a way to hide the true extent of their debt spending and currency fraud. If gold and silver were to be allowed to find their true price, they would skyrocket compared to dollars, exposing the weakness and fraud of the entire dollar-based debt system that has stolen 98% of its value from the American people since 1971. (That’s how much the dollar has lost in real purchasing power.)

Now, retail investors are countering the silver market manipulations by purchasing physical silver. Right now, there’s hardly an ounce of physical silver to be found anywhere, as most of the supplies were sold out over the weekend. In London, the bullion banks are reportedly short 100 million ounces of silver, and the shortage is spreading like wildfire.

The banks are fighting back hard today, and after silver spot hit $30, the banks organized a counter attack that drove the price back down, but they’re being forced to deploy very costly financial weapons to achieve price suppression, and sooner or later, they will run out of ammunition.

Why does all this matter? Because the banksters suppress the market by trading paper contracts that claim to represent silver, but in reality there’s no physical silver behind those paper contracts. The entire system is a complete fraud, yet it is used by the globalist banks to suppress the price of real silver through paper contract manipulation. This allows them to continue pushing the propaganda delusion that claims fiat currencies hold value, when in reality they hold nothing.

When retail investors buy physical silver, it puts enormous pressure on the entire silver ecosystem and “squeezes” those who hold the fake paper contracts, in some cases forcing them to come up with the actual physical silver they owe or end up defaulting on the silver delivery implied by their paper contracts.

Many people who are currently buying silver contracts are demanding delivery of that silver, and they’re doing this on purpose, as a strategy to force the fraud of the silver paper market out into the open. Other retail investors are merely buying silver as a smart hedge against the coming collapse of the dollar and other fiat currencies, since owning physical metal is one of the key strategies for surviving a global debt collapse.

Silver, like gold, is an atomic element. This means it cannot be destroyed except through nuclear fusion or fission. Once you own physical silver in your possession, you can’t lose it by forgetting a password, or having a bank failure or even through a house fire. Silver doesn’t burn away, it just melts… but it’s still silver.

In my podcast today, I repeat something I’ve said for years: The best safe havens from the coming financial collapse are land, gold and silver. Other physical stores of wealth include firearms, ammunition, tractors (farm equipment), diesel fuel and storable food.

Why do you think Bill Gates and Jeff Bezos are buying up hundreds of thousands of acres of land across America? It’s because land is the last-ditch store of wealth when the entire broken financial system comes crashing down.

And that’s where all this is headed: The collapse of the debt system followed by the bankruptcy of the US government under Biden. Old Joe will be relegated to signing blank executive orders as he remains “president” of a bankrupt shell of a former government that will fall as quickly as the old Soviet Union. States like Texas will quickly declare their own sovereignty and begin rolling out their own state-based money systems and military defense operations.

When this happens, you don’t want to be anywhere near a Democrat-controlled city or state, as those will collapse into lawlessness and total chaos. Only red counties have a chance at maintaining the rule of law, thanks to ethical, law-abiding citizens who won’t put up with the chaos and violence of the Left.

Plus, many productive citizens and small business owners have already moved out of blue cities and states. The vast majority of the populations left behind in those hellhole cities like Seattle, Portland, Chicago, Detroit and Los Angeles are government handout recipients who contribute nothing to society. That’s why those cities will collapse very quickly: There’s almost no one left who knows how to do anything!

Full details of all this are found in today’s Situation Update podcast for February 1st:

This week, we’ll be covering the silver squeeze, the financial markets and the accelerating tyranny and insanity of the Biden regime. 

THERE IS NO SILVER LINING IN THIS 

PROBLEM FOR ANY OF US

the Commonsense Show

Goldman Sachs warning

 Goldman Sachs Issues Rare Sunday Warning; Markets Will Collapse if Squeeze Continues (Banks too)

Hal Turner,

1 February, 2021

Financial behemoth Goldman Sachs issued a rare Sunday Warning, informing its clients that ". . . if the short squeeze continues the entire market will collapse."

They are apparently talking about the ongoing pressure being felt by investment brokerages involved in the GameStop (GME) short squeeze which is still taking place.

But the people who spearheaded the GME squeeze have already begun a SECOND and far more massive "squeeze" in the physical Silver Bullion market.

Since Friday, the folks who follow WallStreetBets, announced they intended to engage in another squeeze, involving physical silver bullion.  They began telling each other to "buy bullion and take delivery" knowing full well there isn't nearly enough physical silver in the markets to cover a sudden increase for bullion to be physically delivered.

Folks hesitated but some went "all-in" and started buying physical silver.  By Sunday evening, almost  E V E R Y bullion dealer in the world had notices on their web sites DECLINING to make further sales of Silver Bullion!

One of the more prominent sellers of Bullion is KITCO and they initially had a notice declining further sales, then changed their web site to reflect the simple facts:  SOLD OUT.  

Yes, you read that right.  KITCO is SOLD OUT of all its silver bullion.   ALL OF IT.   There's nothing left.

Dealer after dealer worldwide is seeing intense demand as small investors pull money OUT of stocks because the GME Squeeze demonstrated that the stock markets are rigged and not trustworthy.

Those millions of small investors then started plowing their money into physical silver, and in less than 48 hours (and on a Weekend) ALL the silver is gone.

When the Commodities futures market opened at 6:00 PM eastern US Time on Sunday night, Silver jumped right out of the starting gate, rising about 1.80 an ounce at the time of this article at 6:35 PM.  That's about a 6.8% rise in a half hour.

The "squeeze" being done on Silver Bullion is designed to specifically target one particular group: Banks.

The world knows that Bankers have been artificially manipulating the silver market for DECADES.  They have routinely been fined by governments for such conduct, but still the conduct persists.

Here's a quick chart for the average person to see how the Silver Market has been manipulated by Banks:

 

So clearly the market for Silver has been grossly manipulated.   But why?

Well, Banks use silver to make money for themselves.  They BORROW an ounce of silver from someone with the promise of paying it back by a fixed date.   Then they SELL the ounce they borrowed, figuring the price will go down (because they manipulate markets.   When the price goes down, they BUY IT BACK, cheaper than they sold it, give back the ounce they borrowed, and pocket the profit.

The little-guy Investors have seen this and known about it for years.  But only now that the rigged stock market became so grossly evident, have little-guy investors started teaming-up to "squeeze" things like this.

What the little guys are doing is focusing individual investors on a specific target stock, or in this case, bullion, because they know so many OTHER investors are going "short" . . .  betting the stock/bullion will DECREASE in value.

So when a slew of little guy investors start buying up that particular stock or bullion, the price goes UP.   This harms the investors like banks, who want the price to go down, because if the price goes UP, then it will cost the bank more to buy the stock back than it cost them to buy it.  Not only won't they MAKE money, they'll LOSE MONEY.

Sometimes, wealthy Investors (like Hedge Funds and Banks) who are LOSING money on their short options, start having to BUY the exact stock they went short on, so they have stocks to pay back the ones they borrowed.  This has the effect of causing the stock price to go even higher!

In the end, Investors who went "short" can lose all their money . . . . to the little guys who bought up all the stocks.  

It is a form of forced wealth re-distribution from the rich investor class, to the common, average, little guy class.  And the big guys don't like it.  At all.

That's why, when the GameStop GME "squeeze" took off last week, the big guys did everything they could to stop it. 

They shut down the chat server being used to coordinate little guy investors.  They had their "pals" at Brokerage Houses put a STOP to any more little-guy purchases of GME stock.  They even had those Brokerage Houses start SELLING-OFF the stocks bought by little guy investors WITHOUT PERMISSION from the little guy!

Well, that roiled people but good. To understand why people are so motivated to go after the banks, read this one posting in the Reddit /WallStreetBets sub-group which explained why this little guy was going after them:

 

So the little guys are motivated not by greed, but rather by the desire for REVENGE.   Revenge for the past banking debacles that wrecked whole industries.  Revenge for liberal bankers and left-winger Hedge Funds giving hundreds of millions to help Biden STEAL the election.  Now, the Little Guys have gotten together to "go for the jugular"  . . . the banks. 

The way they knew it could be done: Silver Bullion.  Silver is "shorted" to the extreme by Banks.  If Silver rises in price, it will WIPE OUT the Banks.

Now, these Little Guys have actually begun squeezing Silver bullion.   And the biggest of the big guys, firms like Goldman Sachs, are now openly warning this could "collapse the entire system."

One Banker, believed to be from JP Morgan Chase, warned on one of the "Chan" Boards that people didn't have a clue what they were doing, and they would end up smashing the entire banking system if they didn't stop.

That just caused the little guys to buy more silver bullion.

The average person has "had it"  with the system.  A system that is rigged for the wealthy to protect the wealthy, and do so by screwing the little guy.   

Now the little guys are banding together and sticking the wealthy right in the heart.  

To quote one little guy "I'd rather burn the whole system to the ground just to spite them."

When THAT is the mindset of people doing financial battle, things are going to get ugly, fast.

Have spare food.  Have spare cash.  

This will play out over the next week or two before the SHTF.  But the S will HTF  if this continues.   

The suits are scared, boys.   They should be.

Another common guy posting on GAB, put it this way:

https://gab.com/TheRedCoatsAreComing/posts/105653962402902969

The global elites want the great reset- take our money and make universal basic income. We will give them the great reset, and collapse their Ponzi scheme that is the federal reserve (world banks)

When all is in ashes we will then re-establish our currency- locally based and back by Gold or something else that can’t be multiplied endlessly. Time to get back to sound money and trade. Universal basic work.
You don’t eat unless you work.

Message to the bankers- you better buy gold and silver, those dollars will be used to keep the fire going in the winter when this is over.
You shouldn’t have rigged the election, you shouldn’t have rigged the financial system, you shouldn’t have ignored the constitution, and most of all- You Shouldn’t Have Turned Your Back On The HOLY BIBLE.

The Market

ALL GLOBAL MARKETS GOT SHREDDED: Here's What You Need To Know

Business Insider,

20 June, 2013

No one was safe today.

First, the scoreboard:

• Dow: 14,758.3 -353.8 -2.3%
• S&P 500: 1,588.1 -40.7 -2.5%
• NASDAQ: 3,364.6 -78.5 -2.2%

And now, the top stories:

• Stock, bonds, commodities, and currencies around the world got destroyed today.  Today's drop in the S&P 500 was the worst one since 2011.
• Today's calamity was really an extension of yesterday's sell-off, which appeared to be triggered by comments made by Federal Reserve Chairman Ben Bernanke. Specifically, he said that the Fed could begin to taper, or gradually reduce, its quantitative easing program as early as later this year.  In other words, they would be scaling back on their monthly purchases of $85 billion dollars worth of mortgage bonds and Treasury securities. 
• This sparked a sharp sell-off in the worldwide bond markets, which translates into higher interest rates.  Earlier today, we saw the 10-year rate go as high as 2.47%, a level we haven't seen in years. Bonds across the emerging markets did particularly poorly.
• Another bad headline that crossed was that manufacturing activity in China decelerated more sharply than expected in June.  This is worrisome because  China is the world's second-largest economy and also its most important source of economic growth. "A good deal of the weakness was apparently driven by external developments as the new export orders index plunged 4.9pt to 44.0, the lowest reading since the middle of the Great Recession," said Societe Generale's Klaus Baader.  "This collapse is quite difficult to fully believe, given developments in the region and the global economy, where there are no signs of such a collapse of demand."
• Some argue that the most devastating news was the surge in an obscure Chinese interest rate called SHIBOR, or the LIBOR of China. In 2008, surging LIBOR rates preceded the global credit crunch, causing the global economy and financial markets to spiral.
• The breadth of the sell-off was breathtaking. Usually, when one asset class sells off, another rises. And when a lot of asset classes fall, the so-called "safe havens" will rise.  These include things like U.S. Treasuries, gold, and a handful of other currencies like the Swiss Franc or Japanese Yen.
• But commodities got destroyed across the board. Gold prices fell by 7%. Silver prices fell 9%. Copper fell 3%. WTI oil prices fell by 3%. Natural gas prices fell by 2%. Corn, soybean, and rice prices all fell by over 1%.
• "Markets will now adjust to a new negative shock to the trio of the liquidity, risk and term premia," said PIMCO's Mohamed El-Erian in a prescient post yesterday. "Heightened volatility will also fuel even greater risk aversion, including lower appetite for inventory buildup among brokers and greater cross-over investor migration back to home base. Expect further market volatility and liquidity dislocations in the immediate period ahead. "

Max Keiser

Inescapable Cycle: Bubble after bubble after bubble

In this episode of the Keiser Report, Max Keiser and Stacy Herbert examine whether the markets are soaring or crashing but find it impossible to determine as long standing data patterns have broken down. They discuss feeding the ducks while they're quacking and bitcoin vigilantes fighting the Fed. In the second half, Max talks to Sandeep Jaitly of FeketeResearch.com about the imminent extinction of the price of gold as well as the permanent backwardation in both gold and silver markets.

Investment

US Government Begins BitCoin Crackdown

Zero Hedge,

15 May, 2013

As we first noted here (regulation) and here (supervision), the US government has been gradually encroaching on the independence and freedom of the virtual currency. This week, as The Washington Post reports, the government escalated. 

The feds took action against Mt. Gox, the world’s leading Bitcoin exchange. Many people use Dwolla, a PayPal-like payment network, to send dollars to their Mt. Gox accounts. They then use those dollars to buy Bitcoins. On Tuesday, Dwolla announced that it had frozen Mt. Gox’s account at the request of federal investigators.

It’s the first federal action against the currency. CNet has confirmed that the asset seizure was initiated by Homeland Security Investigations (which among other things is responsible for enforcing the laws associated with money laundering and drug smuggling).

As this crackdown begins, many argue that "you can’t put the genie back into the bottle," as far as shutting down the 'network' of open source transactions; but as one Bitcoin enthusiast added (sadly), "I hate to say it, but the Bitcoin community needs to start lobbying, it needs to start educating policymakers, lobbyists and influencers about the pros of Bitcoin and the impossibility or the difficulty in getting rid of all the bad uses."

Considering the great antipathy the central planners have toward such legacy money as gold and silver, is it any surprise that they would move aggressively and rapidly to halt the emergence of yet another alternative to fiat, especially one which the ECB made it very clear will not be tolerated in an insolvent world. Because all is fair in preserving the FIATH...

Via The Washington Post:

...

 Sen. Chuck Schumer (D-N.Y.) described Bitcoin as an “online form of money laundering” and called for the authorities to shutter the Bitcoin-based drug market Silk Road. Yet until recently, the feds have taken a relatively hands-off posture.

 ... 

That hands-off stance may have started to change this week when the feds took action against Mt. Gox, the world’s leading Bitcoin exchange. Many people use Dwolla, a PayPal-like payment network, to send dollars to their Mt. Gox accounts. They then use those dollars to buy Bitcoins. On Tuesday, Dwolla announced that it had frozen Mt. Gox’s account at the request of federal investigators. It’s the first federal action against the currency.

CNet has confirmed that the asset seizure was initiated by Homeland Security Investigations, a division of Immigration and Customs Enforcement. Among other things, that agency has the power to enforce laws against money laundering and drug smuggling.

...

Jerry Brito, a scholar at the libertarian Mercatus Center at George Mason University, urges federal regulators to tread lightly.“Bitcoin has the potential to be a boon to the economy and a boon to merchants,” he argues.

 ...

Moreover, he says, “You can’t put the genie back into the bottle.” In his view, the federal government would have as much difficulty shutting down the Bitcoin network as major content companies have had shutting down peer-to-peer file sharing. A major crackdown would merely drive the network underground, where it would continue to be used for illicit transactions but would be off-limit to ordinary consumers.

...

“I hate to say it, but the Bitcoin community needs to start lobbying,” he says. “It needs to start educating policymakers, lobbyists and influencers about the pros of Bitcoin and the impossibility or the difficulty in getting rid of all the bad uses.”

What’s next for the silver price?

Money Week,

14 May, 2013

Looking back at the articles I've written about silver over the years, if there's one theme that keeps recurring, it's the word: 'frustrating'.

Silver can meander about and do nothing for years. Then, when your back's turned, it’ll suddenly spike to unheard-of levels, making its owners rich.

Then, just as suddenly, it'll plummet, leaving all those who hold the metal heading for the poor house.

Yet, for all its volatility, for all the dark rumours of shortages and manipulation, it trades in a remarkably symmetrical pattern.

For a few brief hours in the spring 2011, it cost $50 an ounce. Now it’s less than half that price, at $23.

So is it time to be playing the silver game once again?

Silver promises something for everyone

Silver's unique selling point is that it's both a monetary and an industrial metal.

If you get terribly excited by the progress human beings are making in the world of electronics, you might want to invest in silver. Its high conductivity means it finds all sorts of increasing usage in computers, mobile phones and screens.

Or perhaps you're excited by the possibilities in the worlds of nanotechnology, green technology, and even medicine. Well, silver is finding more and more use there too – the path from solar technology to water purification is lined with silver. Then there are the ball bearings, the batteries, the soldering and brazing – silver remains a key industrial metal.

Perhaps you think that soaring stock markets are telling us that the world's economic woes are now behind us. Greater prosperity leads to greater buying of jewellery, which means greater buying of silver.

Or perhaps you're more of the mind that systemic debasement of money is going to lead to some kind of currency crisis. In that case you want to be investing in tangible, monetary metals. Cue silver.

You might look at the fact that annual global silver production currently stands at around 24,000 tonnes, but demand stands some 33% higher, at 32,000 tonnes. (The shortfall is met by recycling, scrap sales, stockpiles and central bank sales).

Then you might look at the cumulative effect of this shortfall, as depicted below by Nick Laird (www.sharelynx.com), and once again you've got that itch to buy silver.

Global silver production

Cumulative production less cumulative demand = cumulative deficit

Or you might look at the fact that silver derivative trading can mean that paper representing as much as 100 times physical production can be traded on the futures exchanges in any given period. It’s not hard to conclude that some sort of short squeeze is inevitable, as it would be impossible to deliver all the silver that is actually sold.

You might even consider the fact that there is about 16 times as much silver in the earth's crust as there is gold. So arguably the silver price is should be 1/16th the gold price: that’s $90 an ounce on current gold prices.

There's something for everyone with silver. Quick. Buy, buy, buy.

LATEST WATERFALL SENDS GOLD & SILVER TO $1300 & $22 HANDLES!

Silver Doctors,

15 May, 2013

Once again after trading in a tight consolidation range throughout the Asian and London sessions, gold and silver have just been greeted with a vertical Demon Drop Waterfall smash, sending gold back to a $1300 handle, and silver to $22.41.

A re-test of the correction lows of $22.005 and $1320 appears imminent.

The cartel has gone back to work the very morning after Jim Sinclair’s chartist Bo Polny proclaimed that the turn date had passed and that the bottom was in for both gold and silver:

Today’s latest waterfall strongly suggests that the correction in the metals is not yet exhausted, and that particularly in silver (but likely also in gold) a re-test of the low of $22.005 is likely.

The gold market

10 Signs The Takedown Of Paper Gold Has Unleashed An Unprecedented Global Run On Physical Gold And Silver

Michael Snyder

Economic Collapse Blog,

18 April 2013

The crash of the price of paper gold on Monday has unleashed an unprecedented global frenzy to buy physical gold and silver.  All over the planet, people are recognizing that this is a unique opportunity to be able to acquire large amounts of gold and silver at a bargain price.  So precious metals dealers now find themselves being overwhelmed with orders in the United States, in Canada, in Europe and over in Asia.  Will this massive run on physical gold and silver soon lead to widespread shortages of those metals?  Instead of frightening people away from gold and silver,the takedown of paper gold seems to have had just the opposite effect.  People just can't seem to get enough physical gold and silver right now.  Those that wish that they had gotten into gold when it was less than $1400 an ounce are able to do so now, and it is absolutely insane that silver is sitting at about $23 an ounce.  If the big banks continue to play games with the price of gold, we are going to see existing supplies of physical gold and silver dry up very quickly.  And once reports of physical shortages of gold and silver become widespread, it is going to absolutely rock the financial world.  But this is what happens when you manipulate free markets - it often has unintended consequences far beyond anything that you ever imagined.

The following are 10 signs that the takedown of paper gold has unleashed an unprecedented global run on physical gold and silver...

#1 According to Zero Hedge, the U.S. Mint set a new all-time record for the number of gold ounces sold on Wednesday...

According to today's data from the US Mint, a record 63,500 ounces, or a whopping 2 tons, of gold were reported sold on April 17th alone,bringing the total sales for the month to a whopping 147,000 ounces or more than the previous two months combined with just half of the month gone.

#2 Precious metals dealers all over the United States are having a really hard time keeping up with demand right now.  According to Chris Martenson, many are warning customers to expect waiting times of five to six weeks at this point...

In the U.S., all of the dealers I talk to are reporting huge demand and brisk buying. Silver in any form is quite hard to come by unless you want to pay premiums of 20%+ per ounce above spot price. Delivery times are 5 to 6 weeks out now – that's an unusual situation.  If this recent slam was designed to scare people away from gold, it did not have that desired outcome; in fact, just the opposite.

#3 Individual dealers all over the country are confirming that we are seeing a voracious appetite for precious metals at the moment.  For example, the following is what a spokesperson for JM Bullion had to say...

We still have certain things in stock, like 10 oz bars, while others, like Silver Eagles, are a bit of revolving inventory.

The shipments are going out as soon as inventory comes in.

Our main challenge right now is actually getting the silver into the boxes and shipped out – we have been experiencing astounding volume.

This appears to be a widespread phenomenon.  Just check out what other dealers are reporting...

“There has been a marked increase in demand since the plunge,” said Mark O’Byrne, executive director at Dublin-based investment and bullion specialist GoldCore, referring to the drop in gold prices seen Friday and Monday. Gold futures lost more than $200 an ounce, or over 13%, on those two days. They were at $1,392 an ounce, moving higher ahead of the close on Thursday.

GoldCore has seen more buying than selling on Wednesday and Thursday, with buy orders “lumpier and from high net worth clients, and with most of the selling in small orders of less than 50 ounces, said O’Byrne.

On Wednesday, David Beahm, executive vice president at Blanchard & Co., said his precious-metals investment firm has seen “2008-like demand” for gold since Monday.

#4 Large international banks are also experiencing tremendous demand for physical gold and silver by customers right now.  The following is what Keith Barron told King World News about what he is hearing...

At the Bank of Nova Scotia in Toronto the gold window has been absolutely swamped. I have confirmed there were people lined up in droves recently for multiple-hours at a time to buy gold and silver bars and coins....

I then confirmed with UBS today in Zurich, Switzerland, that they are experiencing exactly the same thing. They told me people are waiting in long lines for bullion related bars and coins. The physical market is incredibly tight, and there is a huge buying opportunity right here.

The damage in gold will not be long-term because physical supply is already drying up. Asian countries have been aggressively buying gold. This really is an unprecedented opportunity for investors. This takedown in the metals has created incredible demand for both gold and silver, and anyone who wants to unload dollars or euros and put them into gold because they don’t trust the currency, now is the time to do it.

#5 The demand for physical gold and silver is heating up over in Europe as well.  For example, the following is from an emergency messageposted on the website of a precious metals dealer in the UK...

Due to the unprecedented demand triggered by the recent fall in the Gold Price we are currently not able to guarantee Next Day Delivery of orders.

We anticipate that all orders will be delivered within 7 days of receipt by us.

Whilst we appreciate that these delays are frustrating for our customers we would like to stress that all accepted orders are guaranteed at the order price and will be dispatched as soon as possible.

It is necessary for all of our staff to be utilised in fulfilling orders and we ask for your cooperation by not calling us to query delivery times. If you do need to contact us, please do so by e-mail and we will endeavour to respond within 48hrs.

#6 On the other side of the globe, demand for precious metals is skyrocketing as well.  According to Bloomberg, people are "running through the gate" to get gold in Australia...

Gold sales from Australia’s Perth Mint, which refines nearly all of the nation’s bullion, surged after prices plunged, adding to signs that the metal’s slump to a two-year low is spurring increased demand.

“The volume of business that we’re putting through is way in excess of double what we did last week,” Treasurer Nigel Moffatt said by phone, without giving precise figures. “There’s been people running through the gate.”

#7 Reuters is reporting that customers are waiting for up to three hours to buy gold in Japan...

A week ago, as the yen-denominated price neared a new peak, jewelry stores and gold merchants across Japan saw long lines of mostly older Japanese looking to cash in on unwanted jewelry and other items that they had held for years.

But on Tuesday, buyers outnumbered sellers by a wide margin. At Ginza Tanaka, the headquarters shop of Tanaka Holdings, gold buyers waited for as long as three hours for a chance to complete a transaction.

#8 According to a Chinese article quoted by the Blaze, there is a mad rush to buy gold in China right now...

People have to rush to buy gold … gold bullion out of stock yesterday, investors yesterday to spend as much as 600 million yuan to buy 20 kilograms of gold bars

The mad pursuit gold insufficiency is not just a game for the rich. Yesterday, the Yangcheng Evening News reporter learned from the East flowers to Bay store, many growers, pork traffickers, fishmonger recently put down his job went straight to the mall to buy gold.

#9 According to Reuters, dealers in Singapore are having significant trouble finding enough of a supply to keep up with the intense demand for gold that has erupted this week...

"People are actually buying everything, gold bars, gold coins. People are rushing to get a hand on it. We have a problem meeting the demand because we are unable to get new supply," said Brian Lan, managing director of GoldSilver Central Pte Ltd in Singapore.

#10 Bloomberg is reporting that over in India people are "flocking to stores" to purchase gold jewelry and coins...

Gold buyers in India, the world’s biggest consumer, are flocking to stores to buy jewelry and coins, betting a selloff that plunged bullion to a two-year low may be overdone.

“My daughter is just six months old, but I think it is never too early to buy gold,” said Sharmila Shirodkar, a 28- year-old housewife, while displaying a new pair of earrings she bought from a store in Mumbai’s Zaveri Bazaar. “I had been asking my husband every day if prices will go down more. I couldn’t wait anymore.”

If the big banks were trying to scare people away from gold and silverby crashing paper prices for those metals then they have utterly failed.

Instead of being frightened away, the global appetite for physical gold and silver is now more voracious than ever.

If the prices for gold and silver stay this low, we are eventually going to start seeing some very serious shortages in the marketplace

.

And once reports of shortages of the actual physical metals become widely circulated, it will cause an "adjustment" in the marketplace that will shock everyone.

So hold on to your hats.  We are entering a period of time when there will be unprecedented volatility for the prices of precious metals.  It will be quite a roller coaster ride, but if you can handle the ups and downs it will be worth it in the end.