economic dollar collapse
Play

PM & Oil expert Steve St. Angelo joins the show this week for a power packed interview discussing: 

  • Mexican standoff in the silver market- will Asian physical demand overwhelm naked paper shorts? 
  • Steve Explains Why Peak Oil Will Destroy the Value of Paper Assets, & Decimate the US Market
  • US Gold & Silver demand ROARS back: Wholesale US gold market CLEANED OUT of all secondary market coins in past 48 hours
  • Steve compares what is coming to the US in the next 3 years to the end of the Roman Empire, and discusses why backing the US’ $17 trillion in debt won’t prevent A COLLAPSE WE DON’T COME OUT OF!

The SD Weekly Metals & Markets With The Doc, Eric Dubin, & special guest SRSRocco is below: 

ponzi

The U.S. Retirement Market has nearly doubled from $11.6 trillion in 2000, to a stunning $23 trillion level today… a growth of $11.4 trillion.
Now, let’s compare that to the total current value of U.S. physical gold investments since 2000.

silver maple sales

In a surprising update, Canadian Silver Maple Leaf sales for the first half of 2014 surpassed sales during the same period last year According to the Royal Canadian Mint’s Q2 2014 Report, just released, sales of Silver Maples hit a new record of 15.4 million ounces in the first half of the year.
In the first half of 2014, combined U.S. Silver Eagle and Canadian Maple Leaf sales hit a new record of 39.5 million ounces Even though this is only up slightly higher at an additional 500,000 oz compared to 39 million in 1H 2013, it is still positive growth while Gold Eagle and Gold Maple sales are down a staggering 54%.

empty-vault

While the Comex utilizes highly leveraged paper contracts to control the price of silver, physical metal continues to be drained out of the Shanghai Futures Exchange.  In just one week, total inventory has declined by another 24%.
At the beginning of August, there were 148 metric tons of silver on warrant at the Shanghai Futures Exchange.  In just three weeks, 29% of the total inventory was removed.
The majority of this decline took place last week when 22 metric tons were withdrawn on Friday alone.

silver demand

The banking cartel may not realize it, but they woke up a sleeping giant… physical silver investment demand. 
Before the collapse of the U.S. Housing and Investment Banking Industries, there was very little global demand for physical silver bars and coins.
This all changed in 2008, when the world faced a total collapse of the financial and economic system.
The global economic and financial system went into the emergency room in 2008, and have never come out.
If you thought times were rough in 2008 & 2009, just wait until things really fall apart this time. 

The ringleaders of the megabanks involved in the gold/silver fix have all had heavy representation in The Pilgrims Society.   The rest have been and remain represented in interlocking groups such as the Trilateral Commission and the Bilderberg conferences—groups founded by Pilgrims Society members.
Just to make reference to this alleged “new” silver fix, and how bogus it is, I offer this brief report. 
It appears that HSBC, Scotia Mocatta, and Mitsui & Company are the London based ringleaders of the “new” silver fix, along with Thomson Reuters, corresponding to their USA associate the CME Group.   Ever hear about a dog being “fixed?”
This is a mere matter of a group of gangsters who tossed the ball to others in their racketeering organization………..
The more things change, the more they remain the same.

Ron Paul goldJust when they announced the end of gold and silver in 2000, both started shining again.
It seems that it is not the death of gold and silver as money that will happen, but rather the death of fiat money. For more than 2,000 years, gold and silver have been used as money under different forms and have outlived any other form of currency (graph #1). We should not ignore also Dr. Copper. Gold and silver are called the eternal monetary couple, but I would also add copper and call it the eternal monetary trio.

Today, we don’t have cheap oil to pull us out of the huge mess we are facing as the Global Financial System is loaded with Debt, Derivatives and Fraud as far as they eye can see.
When the highly leveraged Global Financial System finally crashes, it will pull down the energy industry with it.  Thus, a great deal of the supposed forecasted growth of oil and gas will no longer be commercially viable.
This will also destroy a great deal of the PAPER CLAIMS such as futures, options, derivatives and etc, leaving a mad dash for physical assets.   Some think we will see Deflation… we may.  However, I believe it will be DEFLATION in the value of paper claims with a huge RISE in the value of the physical asset.
It will be the disintegration of the 100 paper claims on gold and silver that will implode to zero, while the actual physical bullion will hit levels thought unimaginable.
When this occurs… remember my favorite line:
GOD HATH A SENSE OF HUMOR.

dollar collapse panicOne day out of the blue, the Global Financial System will collapse plunging the world’s economies into a depression for which there is no recovery.
The reason for this sudden collapse will be due to a factor that most analysts fail to recognize or understand.
While the mainstream media and alternative analyst community focus on the typical economic indicators, monetary system, derivatives and debt markets… the real problem for the world financial system will be the rapid change in the “PERCEPTIONS” of assets by investors and the public.   The coming abrupt change in market perceptions of paper assets will force investors to move into physical assets such as gold and silver to protect wealth as best they can.
This event will likely occur rather quickly — virtually overnight.

Gold & Silver Eagle Sales Yearly Change Jan-AugAccording to the most recent data put out by the Official Government Mints, silver coin sales are outpacing gold in a big way.
Silver Eagle sales up to the first week of August reached a little more than 27 million compared to 30.3 million during the same period last year.  This was due to a big drop off in demand during June and July.  
In contrast, Gold Eagle sales declined a staggering 376,825 ounces (55%) from 683,325 oz in 2013 to 306,500 oz year to date.

Senator Paul, in the spirit of your sponsorship of the FAIR Act, which would protect honest people’s life savings from British redcoat style brigandage and piracy, we ask you to consider making a ten minute speech in the Senate chamber warning President Obama to not rev up his accumulated disgraces by being so brazen as to cite “precedent” and “national emergency” or “military crisis” or “systemic banking collapse” or “overseas dollar repudiation” for invoking Executive Orders in any way comparable to those issued by Franklin Roosevelt on April 5, 1933, seizing gold from Americans, followed by the tyrannical EO of August 9, 1934, ordering Americans to surrender bullion silver to the Treasury Department.

Shangahi Silver Stocks July 2014Chinese silver inventories are growing increasingly tight as stocks at the SFE continue to fall to record low levels. 
After the PAPER SMASH in the price of silver in April 2013, we can see just how fast inventories declined. 
By August, 2013, silver inventories at the Shanghai Futures Exchange fell 610 mt to 533…  a staggering 53% decline.  Inventories continued to fall, but a slower pace until they reached a low in November at 418 mt.
Then over the next three months, there was a build of silver stocks to a high of 575 mt in February, 2014.
Once the price of silver started correcting lower, inventories declined in March to 417 mt, and then a huge fall to 246 mt by the end of April.  In May and June, silver inventories remained relatively flat as spot price bottomed then headed higher in June.
When June rolled into July 2014, once gain, the price of silver headed lower right along with the decline in silver warehouse stocks..  Another 86 mt were withdrawn in July as inventories are now the lowest level (148 mt) they have ever been.
In a nutshell, silver inventories declined nearly 90% from their record peak set in March, 2013.  
The Shanghai Futures Exchanged experienced a net decline of 995 mt from March, 2013 to the end of July this year.

CAT 797 picThe gold mining industry literally devours energy to produce an ounce of gold.  In the past decade, fuel consumption at the top gold miners more than doubled, but the actual energy cost grew at a much higher rate.
The huge increase of diesel consumption at the top 5 gold miners is due to several factors.   As ore grades continue to decline, the gold mining companies need to extract more ore to produce the same amount of gold.  Thus, the massive haul trucks that transport this ore burn more diesel in the process.
Furthermore, as open-pit mines age, they deepen which forces the haul trucks to travel longer distances at a higher grade.  One of the largest haul trucks in the world is the Caterpiller 797F.  These haul trucks are massive and can transport 400 metric tons of ore in a single trip.
The CAT 797F costs $5 million a pop and uses six tires that cost $42,500 a piece.  Studies show tire costs can exceed 25% of total haul-truck operating costs per ton; and total tire service and replacement costs over the useful service life of a haul truck can exceed the original purchase price of the truck!
The CAT 797F has a standard 1,000 gallon tank and has options for a 1,500 and 2,000 gallon tank. 

Did I mention that the CAT 797 gets 0.3 miles to the gallon of diesel? 

Gold has been banished from everyday use, and can only be hoarded unproductively.   Gold is going into hiding. 
This is not the first time gold has gone into hiding; gold went into hiding in the days of the collapse of the Roman Empire of the West.
It is going into hiding again, in the present slow-motion financial collapse of the world.
The price of gold will enter a rising trend, no matter how violent the official interventions to control its price, because at the present low prices it will be impossible for the gold market to satisfy demand for gold from a largely silent minority of mankind that wants to own gold.   When this happens, we can expect the criminalization of gold ownership, at least in some quarters of the world.
Gold today has really only one enemy: the Federal Reserve of the US.
I bid you welcome to The New Dark Age.

While the average price of silver remains at a multi-year low, there are several indicators pointing toward a much higher price by the end of the year.
If we look at all three INDICATORS-SIGNALS together, we can see SOMETHING BIG is getting ready to occur in the precious metals market.

The first involves what appears to be evidence that JPMorgan has gone MASSIVELY LONG silver: