Silver currently sells around $16, which would be sensible if the U.S. national debt was much less than its current $20 trillion.

Given the massive national debt and 100 years of experience, silver prices could easily be double or triple their current prices, and far higher in a panic.

WHY?

Examine over a century of official national debt data graphed on a log scale. Official debt in 1913 was $3 billion. Since then it has risen 8% to 9% every year to reach $20 trillion or $20,000 billion. Debt will continue rising as long as politicians spend and bankers lend.

Proof: Name the Senators, Representatives, Presidents, military contractors, pharmaceutical companies, and Medicare recipients who wish to see the government reduce expenses.

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The bullion banks periodically fleece the long-side speculators in the futures market. The pattern has become almost as familiar as day following night.

It plays like this; a constant stream of individuals, institutions, and hedge funds discover (or rediscover) the fundamental reasons to own precious metals. Instead of buying physical metal, they get lured into the futures markets by the ability to make leveraged bets and the promise of riches.

The bullion bankers build massive short positions by selling paper contracts to all comers and wait for a chance to push prices lower.

Recent revelations over price rigging have shown these banks have both the power and the will to move the markets in their favor.

Once the move down begins, leverage does its work. Falling prices trigger additional selling as speculators get either stopped out or forced out by margin requ ... Read more »

There are four interesting developments taking place in the gold and silver market that precious metals investors should be aware of. While Americans continue to place all the BETS in the CASINO called Wall Street, via stocks, bonds and real estate, the EAST has been acquiring record amounts of gold and silver. Furthermore, something interesting seems to have changed recently in the Silver Eagle sales market.

FIRST DEVELOPMENT: Let’s start off with showing the stunning amount of silver India imported in May. According to Smaulgld.com, India imported nearly 2,000% more silver in May 2017 vs May 2016:

Matter-a-fact, India imported nearly the same amount of silver in May, than they received from January-Ap ... Read more »