Ten years ago yesterday, the price of silver made a run at its still seemingly ancient record price high of $50 oz.
In 2021, the silver spot price appears to be again stuck at $26 oz to begin this month of May. About where it was, to start April 2011.
The fiat US dollar's monetary base has exploded since 2011. Silver should have great years upcoming.
We are on pace to more than 2X double it in just the last two years once we have reached the NY Fed REPO Loan fiasco (Sep 2019).
Ever since then, this latest Wall Street bailout festival has been raging.
#SilverSqueeze ongoes#MayDaySilver 10 yr anniversary of the
— James Anderson (@jameshenryand) May 2, 2021
$50 oz thin volume spoof the stops, rig job
--#Silver #Bullion $PSLV >>> $SLV $SIVR
--
The ongoing
damning fiat $USD,
Federal Reserve aka US Dollar note DATA:https://t.co/E19ghce4Tt
--https://t.co/cxvUvBOzH7
^Video^ pic.twitter.com/d6mdicIEsB
Surely none of this will lead to compounding higher prices for decades upcoming.
After all, we have unfunded hundreds of trillions not saved for motives to further heavily devalue our currency ahead.
Two percent inflation everlasting. All will be well in our transitory land.
This week, the head of the Federal Reserve again unsuccessfully tried to explain away some of the ongoing inflation across various sectors in the economy.
Of course, Jerome Powell continues to claim the rising prices are transitory or temporary in Covid bottleneck rationales.
And yes, perhaps if we have another deflationary financial and bank bankruptcy spillover event in the coming years, we'll see prices collapse again a la 2020 or 2008.
But as for now, soft commodity and food prices are raging higher. And every measurement of the fiat US dollar currency piles are climbing walls leading us to be confident gold and silver mania phases are not far to follow.
Inflation is here and further coming, no matter what temporary, transitory lies get told to holders of fiat Fed notes ($USD).
Turning to this week's Wall Street Silver subreddit news. The long-awaited billboards are beginning to hit highways across the United States.
For example, this Silver Squeeze billboard image was taken on a highway in Indianapolis, Indiana. It reminds drivers not to miss out on buying silver.
This is another physical silver billboard example about to go up, complete with a QR code that smartphone cameras can pick up and take end-users to the Reddit forum for more information on the movement.
Jeff Christian's own CPM Group data shows that COMEX 1,000 oz Silver Bullion bars are selling at premiums not seen over the last near 10 years to time.
It is why I tune in, a combo of his counterpoints to the alternative #silver narratives and then the thinly veiled personal attacks from both sides are also entertaining
— James Anderson (@jameshenryand) April 23, 2021
Great data and charts, pic.twitter.com/CskdUnBp5Y
Basically, investors are buying silver bullion and willing to pay a heavy premium to do so ongoingly.
There is no sign of this trend stopping, reversing, nor even slowing any time soon.
With the Federal Reserve effectively on pace to double the fiat US dollar's monetary base within two years.
Why in the hell would this not get worse as more people realize what is happening underneath the surface and veneer that all is well with this transitory system?
That is all for this week, as always. Take great care of yourselves and those you love.
