Gold and silver

[mountain_jim]

Thanks for the correction, Anchor - this one got me, due to the source I saw it reposted from.

[Anchor]

Enjoying the show?

In just a matter of days since my post at the last year - all the signs were there and its all playing out as expected.

We have reached the point now where most dealers do not have silver to sell except at ludicrous premiums. Even here in Australia, silver is selling at nearly 5x what it was 4 years ago.

Gold is at an all time high and has increased so fast in the span one year, it heralds an epic "old-school" financial disaster - coming soon to a market near you.

Most of you who still pay attention and know how to dance in the old world of economics will have squared away some physical gold and silver so there is no need to go on about it here.

I read today that in India the physical markets are pricing it US$30-US$40 over spot (per oz). It didn't even cost that to buy a few years ago.

We are witnessing the fall of the "paper" markets and a return to honest value - which is something that needed to happen as the world re-forms itself according to whatever timeline you are on.

Silver's repricing is just the beginning.

So, a harsh wake-up call for some, a relief to others who have been patiently watching the slow motion train wreck of the old world collapsing in real time.

Things going on behind the curtains will not be finished by the time the curtain falls.

This is it.

[mountain_jim]

Silver now over $100 and Gold near $5,000

Source: https://youtube.com/watch?v=RVacfj1eDYU

109,685 views Jan 21, 2026 Commodity Culture

Rick Rule hates to break it to the devout stackers who won't sell at any price, but he recently unloaded 80% of his physical silver and rotated much of that capital into silver mining stocks. Rick breaks down his reasoning behind the trade, why getting too emotionally attached to an asset class can spell disaster for investors, how he approaches evaluating companies in the precious metals mining space, and so much more.

Rule Investment Media: https://ruleinvestmentmedia.com
Rule Classroom: https://ruleclassroom.com
Battle Bank: https://battlebank.com

00:00 Introduction
01:31 Rick Sold 80% of His Silver
05:30 Don't Get Emotional About Silver
12:31 Opportunity in Silver Miners
15:56 Which Miners Did Rick Buy?
19:30 Buying Dips VS Buying Strength
24:56 What Would Make Rick Sell His Gold?
35:05 Outlook on Gold Mining Stocks
37:14 Is Uranium Still a Buy?
39:51 Is Oil & Gas the Biggest Contrarian Play?
46:38 Why Canadian Energy Stocks are Cheap
52:57 VRIC is Coming Up

The comments are entertaining... and cautionary

[gardunk]

folks do realize that this AI type vids are getting ubiquitous

[mountain_jim]

copying here (obviously this and my most recent previous post are not AI)

Posted by mountain_jim (here)
https://x.com/TuckerCarlson/status/2...230242316?s=20

Tucker Carlson

@TuckerCarlson

Gold has so dramatically outperformed the S&P this century that you’d think CNBC would be recommending it to investors. But they’re not. Peter Schiff explains why.

(0:00) Why Schiff Decided to Start Buying Gold
(10:45) You're Being Lied to About Inflation
(23:39) How the Government Secretly Rigs the Economy
(25:25) The Unemployment Rate Is Much Higher Than You Think
(27:27) What Was the Result of the Big Beautiful Bill?
(30:10) Is the Housing Bubble About to Pop?
(36:20) The Real Reason College Got So Expensive
(40:30) The Real Reason Healthcare Got So Expensive
(43:50) Crypto vs. Gold
(58:11) Will Bitcoin Be the New Global Reserve Currency?
(1:02:11) Why Corporate Financial Channels Hate Gold
(1:15:04) The Secret Gold Scam Stealing From Americans

[gini]

Source: https://youtube.com/watch?v=UYMUn7zDE-c

--13 min--27/1/26--´In this video I ask my local coin shop owner about the refiners refusing to buy anymore silver or gold. Some of the largest silver and gold refiners in the country recently announced that they will no longer be able to buy silver or in some cases scrap gold as well. Coin shops are seeing massive selling and buying, but now need to be extremely cautious. One of the results of this news is that many coin shops across the county are now refusing to by silver bullion. Some coin shops are refusing to buy gold as well. If stackers have no place to sell their silver or gold this could turn into a massive issue for the industry. Many coin shops may go out of business as a result. Ever since silver price exploded last year the refiners have been flooded with metals. Where do you think silver will go from here?´

[Anchor]

Posted by gini (here)
Some of the largest silver and gold refiners in the country recently announced that they will no longer be able to buy silver or in some cases scrap gold as well. Coin shops are seeing massive selling and buying, but now need to be extremely cautious. One of the results of this news is that many coin shops across the county are now refusing to by silver bullion. Some coin shops are refusing to buy gold as well. If stackers have no place to sell their silver or gold this could turn into a massive issue for the industry. Many coin shops may go out of business as a result. Ever since silver price exploded last year the refiners have been flooded with metals. Where do you think silver will go from here?´

Cash flow problems. They can't buy because it got more expensive and they have maxed out the credit lines. They are having trouble sourcing ore so they can't make refined silver to sell at the speed they need to to have working capital. The silver they make today is already sold under contracts struck when the price was low - which they still have to deliver on.

I find it amazing that people who are physical holders are trying to sell.

That said if you really do need the fiat, there are plenty of buyers going in to the shops - get creative. Do deals outside the shops - or go in the shops in pairs and pay the shops to validate the metal, the spot price and facilitate the deals for a small fee. Where there is a will there is a way.

As you have all seen, gold and silver are going to the moon, yet at the same time the stock markets are not falling - this should tell you that what is really going on is the dollar is devaluing. You need more of them to buy anything. This is a strong sign that the long predicted short term unpleasantness of a global financial reset is on the way. It will seem to everyone like all is lost for a while, but it will all end well in the long run.

[TrumanCash]

According to a local coin shop owner they are buying more coins than selling because the people who are selling need the money to pay bills. The question is how long can such a coin shop keep buying coins before their cash runs out due to the imbalance between buying and selling.

[Anchor]

Posted by TrumanCash (here)
According to a local coin shop owner they are buying more coins than selling because the people who are selling need the money to pay bills. The question is how long can such a coin shop keep buying coins before their cash runs out due to the imbalance between buying and selling.

That has started to happen actually. I have seen a few YT video's of American coin shops saying this. They are not buying much because they need cash to do that ... and the refiners wont take junk or alloyed silver (ie: sterling, silverware, old coins etc) they are only interested in 99.95% or better purity. It seems they don't want to increase there spreads too much for fear of getting bad reputations in a field where trust is everything.

In Australia its a little more brutal the spreads are incredible. For example: just now at ABC Bullion in Sydney (online store) a Kilo of 99.95 Silver for delivery is AUD$6260 to buy, but only $5011 for them to buy back on delivered bars (this is for bars their own refiners made). This huge spread deters buyers and sellers alike which is why they a) still have cash, b) still have silver to sell and c) are making a lot of money on the volatility. My friend who works in Sydney in a high rise which over looks the block in which the office is where you can buy and sell physical metal is and at peak times there is a queue two wide going from the office front, down a corridor (down to a ground floor via elevator) and stretching out into the street (so easily over 50 people).

Things will get more interesting when people start accepting silver to settle bills etc

For that you would need smaller denomination bullion - but only the people who saw this coming years ago will be ready for that.

This thread is called gold and silver, but you are about to see continued or stronger movements in the other precious metals (platinum and palladium). Also all the resource metals and rare-earths are going to get much more focus and everything to do with mining infrastructure and resources.

The very fabric of the world economy is being reformed as we speak.

Wild and unprecedented things are happening: just in the last few hours there was a precious metals liquidation event which wiped out Trillions of market cap in futures. The volatility from that is insane. Many people, banks and institutions with paper silver have been liquidated and have suffered much reduced balance sheets. https://x.com/NoLimitGains/status/20...911926831?s=20 (US5.9T in futures (fake paper money) dissapeared in a puff of logic)


At the risk of repeating myself - this is going to be like ripping of the band-aid and letting the air and light help with the infected wound. There will be pain, but there will be healing. The most impacted from a fear and uncertainty perspective are those who are already low on resources, or those did not see any of this coming - or who got told, but assumed the messenger was a crackpot (story of my life).

It is going to be ok.