Martlet

LMBA is a group, so they are not exempt. Their members, banks and traders, may have to concern themselves with Basel III. The banks holding on account for others shouldnt be affected as it's not their asset. The banks holding for ETFs wouldnt be affected as they're allocated (officially at least), and not on their balance sheet. The banks holding on own account for their balance sheet will be affected.

Couldnt let that pass, Thatcher a Keynesian?

There's a difference between supporting and accepting. I do the latter and treat metals as a hedge against a reaction to the excess. As part of that acceptance, I dont buy into the thesis that, with a playground of trillions of $ in hundreds of different markets, there is a group out to suppress two markets long term. It is difficult and expensive to push down prices over long periods, I'm yet to hear where the unmet demand is that's being suppressed all this time.

I can see the problem here. Theres a difference between how one would like things to be, and how the world actual works. We adapt to it or howl at the moon about how wrong it all is. That is lunacy.

I'm confused as you are the one making the claim. Presumably volume for a lot silver was traded, good job it wasnt physical as that would really suppress the price.

Trillions of derivatives in so many different markets, say a market can do this, quite legally. The question is where can market demand not be met without price impact over time. Why are there not buyers in secondary, bidding up physical at ever increasing prices above the market rate? Isn't that what you'd expect if there were so much unmet demand?

There's a rational explaination, that market only want the derivative, not the physical product. You can continue to believe demand that is unmet with price unaffected, with no spill over into secondary markets. I cant.

Bottom line is price reflects wider supply/demand of the market. Whatever shenanigans in the daily price action, if buyers cant acquire the product they require they will raise the price until their demand is met. So the silver price approximates to supply/demand. If as claimed its suppressed, there's either huge unmet demand that just accept not obtaining their product, or supply that continues to under sell their product. Its irrational and nonsense this state would be stustained.

I see AG:£ has ticked up today, despite AG:$ falling. This is on the back of £:$ falling, in turn because $ is stronger today. I cant tell you why that is (DXY hit new yearly high, steadily increasing - so much for the weak dollar story). So much to say, marco economic outlook has a lot of twists and turns, whatever you think inflation is, either in UK or US.

There is no way to back a currency with any asset without trust. Applies with a blockchain backed by assets, you must trust the authority giving new issuance has recieved and secured the asset, and there is no rehypotecation. You do not know, absolutly, 100% certainty, there isnt any manipulation or false information, you rely on trust. The entire premise of blockchain based crypto currency is to be trustless, that the algorithm and cryptography ensures there is only the stated issuance. So a national digital currency and a national crypto currency would be two very different beasts.

double.

That's it exactly. Our current money is a poor store of value over long term, no would dispute that except how to define the term. However we have many other assets to serve that purpose better, so we shift our store of value to those for long term. History shows repeatedly that hard money depreciates due to inflation over longer term too, so its not a solution to that problem anyway.

It's not about the tech (also in IT), its about the thesis of backing currency in anything other than fiat. If a country wants to back their currency, chose one otherwise it undermines the the backing. Using both gold and crypto says you dont trust the other method, so which one isnt to be trusted? Not really a sound foundation for a national currency. More likely "digital" currency is just another form of fiat, no backing of either, because that gives the nation monetary and fiscal flexibility that a hard currency denies them.

Is there evidence of this? And i dont mean from goldbug youtube speculation, actual commentry from general economic or news sources. I have no doubt Chinese move to a digital currency, just not gold backed. If we mean a crypto based digital currency, it would be a contradiction as the crypto algo secures and gives confidence to the currency, gold or silver arent necessary.

It's about people who want their personal ideals on economics to be real, even if the world has moved to a different place with different rules. The debt that the world lives on wont disappear, its how economies function now. No country would return to hard money, except out of desperation - their control and currency is in such a poor state that they need to secure it with something.

If he want's more than available in the market, Maguire needs to offer a higher price. That's the nature of markets, bid more to make more supply become available. What he is saying is he doesn't want to pay more than the current price. I know a man in kitchen trade, they have dealt with recent "supply shortages" by overbidding for all their materials, suddenly they have no supply problem and fitting as fast as they can. I dont see why silver would be any different.

So you don't have a source and use one single, anecdotal data point. Well i'm convinced, i shall re-evaluate my entire macro-economic thesis on the basis of the price of organic beef.

I simply asked where Burry made the revelation. I follow the twitter account and there was no such claim. There was something about the PCE number cutting the top 31% of expenditure, from a WSJ article. The account has been nuked again so we'll never know, unless you provide some source to the claim of 32% inflation?

Also oil went up ~70% since last summer, doesnt look like repeating that. Feeds into so much manufacturing, industry, produce prices, when increases don't repeat, that inflationary pressure subsides.

Where did he expose this? Did you mis-read a highlight from WSJ about the make up of the PCE number?

As its unusual size, makes sense they might outsource production rather than create a new production line.

The main one on Chards is forgetting filters when you go back. There's been a few others over the years, but either fixed or i dont notice anymore. Its a good one really. Other sites have some issues with mouse over, while others cant align text or assume you will have full/wide window.

To be fair the BBP website is one of the best out there in my opinion. Many are quirky in some way. (sorry).

I've watched CNBC off and on over the years. Good source of general market sentiment, analysts, fund manager and CEO views, piped into the corner of the room.

The link from 2010 illustrates my point, it begins "A recently unearthed 2007 United States Geological Service survey appears to have discovered nearly $1 trillion in mineral deposits in Afghanistan...". So many articles on the subject are from that time, it always $1tn from a survey in the mid 00's. 10 years on, where are the more recent surveys, updated estimates, and where are the mines? Nothing but piecemeal, low level operations to raise pocket money for local warlords.