hmmm … i didn’t want to, but guess i’m heading to the credit union today.
Hard to know what to believe these days but something has sure spooked the metals markets 🤷
don’t know if this helps:
Here is the “thing”, these banks no longer have control of the price. They now have China to contend with (they are driving up the price and putting regulations on the export) and because of a few new patents in batteries for autos (etc.) which require silver, plus the use of it in cell phones, electrical components, etc. AND the shortage of physical silver in the form of “precious metals” (coins, bullion, etc.), they won’t be able to use the Fed to continue this fiat fraud. The whole point is to take down these bankers, aka The Fed, who put us into debt slavery since the beginning of 1900! We are the creditors and are about to be able claim that jurisdiction.
In the meantime, having cash for the interim would probably be a good idea…
I defer to the expert emergency trading bulletin posted below. I guess the volatility is unusual!
Just one thing crossed my mind, but it could be a nothing burger of course.
Silver plays a critical role in the production and packaging of RAM (Random Access Memory) and other semiconductor chips due to its unmatched electrical conductivity
In 2025, silver demand in the electronics sector is surging, driven primarily by the high-speed infrastructure requirements of Artificial Intelligence (AI).
… more information on the collapse of something somewhere. I also find it interesting that no major financial media group (e.g. Bloomberg et al.) has gone on record to quell the rumor.
Rumor has it that Deutsche Bank was the first to fail. I seriously hope that JP Morgan is up there in the next group… but, as I understand, nearly all banks are about to report failures and it will take the (planned) currency reset to put the new financial system into the light. Most countries are showing off their new version of currencies that will be asset-backed (gold at an agreed upon value) and part of the attempt to level the playing field everywhere.
Just what I hear - for entertainment purposes only.
… unfortunately, the vast majority of media is for entertainment purposes only.
There are at least 6 such banks in trouble, which began when Xi first asked each adult in China to buy an ounce of silver a couple of years ago. The writing was on the wall back then. But there could a minimum 600 billion dollar total hole in the contracts which 6 larges banks in USA caused themselves by shorting silver some years ago. There is isn’t enough available silver for those banks to provide the physical silver at a profitable price from their perspective.
… yep, same with gold. More paper than physical.
Well, the names are no longer going to be withheld and it will be Biblical… starting today.
The point is that the ISO20022 is now in full effect. SWIFT system along with Fiat is OUT. A new rail system is in. It will take a day or two for the upward explosion so if you haven’t taken advantage of the suppression of XRP to hold as much as possible, you have a brief moment.
https://x.com/coinbureau/status/2018273187520249896?s=46
For those not on Twitter: Ripple (XRP, XRPL, RLSD) have just been accepted in the EU with a full money license.
NOTE: This is not advice from a recognized financial advisor. Just someone following the market.