SD Bullion
147 episodes - English - Latest episode: 6 days ago - ★★★★★ - 12 ratingsSD Bullion News hosts the best source for online gold, silver and platinum news. Weekly, real coverage on metals markets and reactions to world news impacts.
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Episodes
Last Duty of a Central Banker is to Tell Us the Truth
July 31, 2023 15:16 - 9 minutes - 17.5 MBFrom the Federal Reserve's interest rate hike to potential recession indicators, delve into the impact on gold and silver prices. Uncover news on silver bullion import duties and de-dollarization efforts in India and the UAE, while witnessing China's growing gold demand and the shift away from the fiat US dollar. Prepare for possible reshoring in Japan as the fiat yen faces ongoing devaluation.
Many BRICS Citizens Are Already on Their Own Gold Standard
July 24, 2023 15:36 - 12 minutes - 23 MBMultiple official denials were reported regarding a rumored BRICS trade settlement currency agreement, with no mention of the potential shift away from fiat US dollars for bilateral trade between nations.
US Treasury Confronted on BRICS Trade Settlement News
July 17, 2023 16:06 - 13 minutes - 25.3 MBUS Treasury head Janet Yellen was confronted about the impact of the BRICS currency trade settlement system during her visit to China. The claim that 90% of international transactions involve the US dollar is misleading; the actual figure is closer to 43%. Factors like the rise of m-CBDC systems and increasing gold reserves in BRICS nations are likely to further reduce the demand for the fiat US dollar.
BRICS Gold Plan Confirmed By Russian Sources
July 10, 2023 15:34 - 12 minutes - 22.7 MBAccording to a foreign embassy serving as a source for a Russian state-run media channel, there are growing speculations and reports suggesting that the BRICS nations (Brazil, Russia, India, China, and South Africa) are planning to introduce a new trading currency backed by gold in the near future. Ongoing claims are that an announcement is expected to be made during the BRICS summit this coming August 22-24th in South Africa.
Anomalies Not Seen Since the Great Depression
July 03, 2023 18:40 - 8 minutes - 15.2 MBThe US Supreme Court's decision not to allow up to $20,000 in student loan debt forgiveness proposed by the Biden administration highlights the challenges facing the US consumer-driven economy. The exponential growth of college loans since the 2008 financial crisis, coupled with rising college costs, has left over 43 million US citizens burdened with student loan debts. The increasing number of young adults living with their parents and the soaring prices of houses indicate a concerning tren...
BRICS Move to Gold August 22, 2023
June 26, 2023 17:47 - 13 minutes - 24.7 MBUS Treasury Secretary Janet Yellen's admission in Paris suggests forthcoming regional bank failures or consolidations. She advocates for balance sheet expansions of the IMF and World Bank to tackle the impending global crisis. Yellen acknowledges the rising competition from the east and the BRICS, highlighting the US dominance in flooding the global system with fiat dollar denominated debts. Bestselling author James Rickards predicts a transition to a gold-linked currency trade settlement sy...
The Shift Towards a Multipolar Reserve Currency World
June 19, 2023 20:25 - 13 minutes - 25.2 MBUS Treasury Secretary Janet Yellen all but admitted to the US congress this week that we are heading into a more multipolar reserve currency world. A future that will depend much less on our currently still dominant fiat US dollar Federal Reserve note and offshore eurodollars for global trade settlements.
Chinese Call for International Silver Market Reform
June 12, 2023 14:52 - 7 minutes - 14.2 MBChina Construction Bank is expanding its global capacity to cater to its precious metals and bulk commodity trading clients. A call for international silver market reform has been made in China, highlighting the excessive leverage used to suppress gold and silver prices. China's consistent purchase of gold bullion is emphasized, suggesting it as a safer investment compared to cryptocurrencies amid potential fraudulent practices in the crypto market.
Debt Ceiling Fiasco as New Whales Buy Gold & Silver Bullion
May 29, 2023 19:01 - 11 minutes - 21.6 MBTavi Costa of Crescat Capital tweeted the following important gold vs US debt chart stating, "Investors often use the 1940s period as a compelling historical analogy to today given the severity of the current US debt to GDP problem." However, there is one major distinction that is often ignored. During that time (around World War II), the US dollar was effectively tied to gold prices, making the metal an unfeasible investment alternative. Today, with prices unpegged, it is highly probable...
Ex-Fed Governor: Gold Will Be The Single Best Investment To Own
May 26, 2023 14:25 - 15 minutes - 28.1 MBFormer Federal Reserve Governor, John Exter, once quipped, "The U.S. and world economies are on the threshold of a deflationary crash that will make the 1930s look like a boom. Gold will be the single best investment to own. Buy it now while it's still cheap." For now, with spot price dips in gold commercial banks, UBS has three takes why now is a good time to get going long gold. The gold and silver market selloff has begun, the question is how far will it dip.
1 in 4 US Banks Face Bank Run Insolvency
May 15, 2023 14:43 - 14 minutes - 27.3 MBA recent academic study revealed that 1 in 4 US banks, or close to 1,200, are at risk of bankruptcy due to unrealized losses on assets not marked to market. The study also highlighted the concentration of uninsured deposits within G-SIBs like JP Morgan, Bank of America, Wells Fargo, and Citibank.
Central Banks Continue Buying Gold at Record Pace
May 08, 2023 16:02 - 20 minutes - 38.6 MBCentral bank gold bullion demand has just made a record-breaking start to Q1 2023. Net buying totaled over 228 metric tonnes this past first quarter of 2023. That is +34% higher than the previous Q1 record set in 2013, as back then, governments were heavily buying the interim gold bear market spot price dip.
Another California Bank Fails Over The Weekend
May 01, 2023 14:08 - 12 minutes - 24 MBA once high-flying bank headquartered in San Francisco, CA, is meeting a similar fate of possibly filing for Chapter 11 bankruptcy even after receiving $30 billion in uninsured deposits. A lifeline was loaned to them only one month ago from JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Morgan Stanley, and six other banks. So while many First Republic Bank customers were pulling their savings and capital out of that failing retail bank, mega zombie banks were at the same time loan...
13 Full Fiat Currency Era Gold & Silver Price Charts
April 24, 2023 15:26 - 19 minutes - 35.9 MBIt seems a major robbery of gold originally reported valued at nearly $100 million fiat CAD, only a day later downplayed to $20 million fiat CAD value lost. Perhaps stolen from a supposedly secure shipping container, deplaned, and moved with an 18-wheeler. Common sense suggests surely an inside job, with airport and logistics workers knowing mining to refine shipping routes of freshly mined or refined gold ore. Gold illiterate reporters at Bloomberg had some brief coverage of this week's ...
Silver Price $331 Outside COMEX Trading Hours?
April 17, 2023 14:40 - 18 minutes - 34 MBSilver price outside COMEX hours $331.59 oz in fiat USD from January 1st, 1970, to April 13th, 2023 (yea, that sky-high stated figure is through yesterday's aggregated price discovery data). Not so much to pull a silly lofty silver nominal price figure out of thin air, no, but to instead explicitly cite what the damning +53-year running silver price data shows to date. We'll nerd out on that chart and a few related others before ending today's video. What are we talking about here? We’...
GOLD: Highest Month & Quarter Settlement
April 03, 2023 15:44 - 19 minutes - 37.2 MBSingapore added to its official gold reserve pile last month, Feb 2023, adding +51 metric tonnes of official gold bullion since the start of last year, 2022. For the most part record sized government central bank gold bullion buying is being driven by emerging and developing economies. Let yourself look in this embedded SD Bullion Bullion Market Update back to the last major secular bear market in bonds. Back in early 1980, the gold-silver bullion bull market mania price tops. Understand ...
Another Major Bank Teeters - Deutsche Bank
March 27, 2023 19:05 - 9 minutes - 18.4 MBAfter last weekend's UBS buyout of Credit Suisse for a few cupro nickels in value per stock share, it now seems the bank shorting crowd has begun taking dead aim at another major teetering Global Systematic Important Bank (G-SIB) – a major German one called Deutsche Bank.
Which Banks Fail Next?
March 20, 2023 13:33 - 19 minutes - 36.9 MBWe are beginning to see further cracks in the global bank and financial system that are only further propelling the world into a run for their liquid cash, clean balance sheets, and physical bullion products. Strap in cause this was a wild week of bullion-related news.
Second Largest Bank Failure in US History
March 13, 2023 12:01 - 11 minutes - 20.9 MBSilicon Valley Bank (SVB) is the 2nd largest US Bank failure in history. At end of Q4 2022 just 2.7% of Silicon Valley Bank's deposits were FDIC insured More large volume gold bullion buying data updates by Singapore, China, and other eastern central banks thus far in 2023 In the meantime, price premiums have slimmed and inventory levels on prudent bullion product options remain robust for now.
Is $500 Silver and $10,000 Gold Possible?
March 06, 2023 19:16 - 11 minutes - 21.2 MBAbout one year ago, on March 8th, 2022, following a 250% rise in the nickel price within 24 hours, the London Metal Exchange suspended nickel trading on the exchange. They claimed it was due to the systemic risk to the market in an unprecedented price move and canceled all trades that took place that morning effectively rewinding the market to its closing position on 7 March 2022. This week the UK's Financial Conduct Authority stated it had opened an "enforcement investigation" into the Lon...
Central Banks Gold Bullion Buying Levels Highest Since Before World War II
February 27, 2023 14:50 - 10 minutes - 20.2 MBLast week, China posed as a peacemaker by proposing a 12-point plan to halt the ongoing conflict between Russia and Ukraine (which started one year ago). The US real estate market continues being clobbered with too high-interest rates and home prices, crushing homebuyer demand to levels lower not seen since before the 2008 financial crisis fallout in home buying.
Billionaire John Paulson Explains Why Buy Gold Bullion
February 20, 2023 14:55 - 9 minutes - 17.7 MBAbout 18 months ago, hedge fund billionaire John Paulson laid out his ongoing thesis for why he sees the potential to lever up bullish gold derivative bets with the potential to pay off 25-50 fold at some point in this decade, the 2020s. The US government's underreports Consumer Price Inflation data came in this week higher than expectations at 6.4% or at a rate of fiat US dollar devaluation that will see the dollar halve in purchasing power in just over 11 years.
World Gold Council Confirms Gold Buying Reporting Error
February 13, 2023 14:46 - 10 minutes - 20.1 MBOnly a few weeks ago, the Bank of England's subsidiary, the western gold industry mouthpiece so-called the World Gold Council. Claimed that global central bank gold buying last year in 2022 hit the highest level since a year before their London Gold Price rig failure in 1967. This past week, the Bank of England's World Gold Council admitted a massive central bank gold-buying error in their reports of the ongoing facts. They messed up and accidentally reversed their data sets from the last ...
Why are Central Banks Buying So Much Gold Now?
February 06, 2023 14:59 - 8 minutes - 16 MBThis past week, the essential bit of silver and gold-related news remains the World Gold Council's curious ongoing admittance and recent Q4 2022 update that government central bank gold buying is reaching annual levels not seen since 1967. It is the most significant collective central bank gold accumulation movement since World War 2 and the Bretton Woods agreement era.
Japan Records Record Gold Price High
January 30, 2023 15:20 - 11 minutes - 20.8 MBIn a strengthening bullion bull market, when the short side tries to induce spot price decline attacks, they increasingly get smoked and smothered under higher prices. During the last three-month run for gold prices higher, you can see many short-side betters buried under higher prices shortly after every red spike sell-off volume spike. In today's COMEX gold price trading action, we saw a similar short snake bite quickly filled with a decent rally to close the end of this week. This rece...
International Central Banks Officially Testing CBDCs
January 23, 2023 16:49 - 16 minutes - 29.9 MBThe Bank for International Settlements continues working on the coming fiat CDBC payment infrastructure. Not merely retail versions, we are supposed to use one day with smartphones for regular daily payments. But also, many significant underlying payment technologies will allow wholesale trade settlements amongst some of our supposed multipolar rivals and their commercial banking systems.
Citi Bank Buys $229 Million In Physical Gold?
January 16, 2023 16:39 - 12 minutes - 22.5 MBA reported combination of avian flu hen culling and sharp increases in feed costs and farming expenses worldwide have led to another wall climb in price for a staple in the world's everyday diet. The highly nutritious chicken egg often fetches more than 50¢ per single egg in city retail supermarkets in the USA. The internet was ablaze on the matter, with every meme maker seemingly all clowning on the skyrocketing price of eggs and the increasingly limited availability of supplies. This pas...
Silver Price Poised After Record COMEX Withdrawals
January 09, 2023 15:10 - 9 minutes - 17.7 MBToday we will look at how silver and gold have started the year and, most importantly, where they are likely headed based on current respective valuations versus historical precedence. For example, the US stock market is still historically overvalued based on a range of long-term data sets. Wall Street Legend Burton Malkiel hurt stock market bulls' ears today by stating the following on CNBC. The CAPE Ratio he cited is still at historically high levels, and +5 to 6% returns over the next d...
FDIC Prepares for Bank Failures as Bad Assets Climb
January 03, 2023 13:19 - 12 minutes - 23.6 MBWe're not alone in thinking another global financial crisis is inevitable. Financial leaders who regularly meet at the USA's Federal Deposit Insurance Corporation are also hard at work in hopes they will be prepared for the resolution of the original 2008 crisis, which was merely papered over by bailouts and delayed bankruptcies to come. The FDIC problem bank asset size admittance, that figure ballooned this year. And the shape of their data and this graphic suggests the USA and the world m...
The World Demands 200 Million More Ounces of Silver Than We Have
December 27, 2022 16:51 - 11 minutes - 22.2 MBIt was recently estimated by Metals Focus, a London-based silver analyst consultancy, that this year the world will have demanded nearly 200 million ounces more silver than we were able to supply from mining or recycling combined. Not a surprise to those of you who have been paying attention. Because throughout this year, we tracked that nearly 400 million ounces of industrial-sized silver bullion bars moved out of the combined COMEX and London silver warehouse networks, much of which was t...
Demand for Gold Has Never Been This High Says Austrian Mint
December 19, 2022 14:24 - 11 minutes - 21.5 MBThe US government's underreported price inflation data, provided by its own Bureau of Labor and Statistics, came in lower than expectations this week at +7.1% year on year. We're happy with this rate of price inflation. For one second, suspend your disbelief, and consider that this admitted price inflation rate would halve the fiat US dollar's purchasing power in merely ten years. What a difference a year makes after the financial market has sustained high price inflation conditioning. T...
Gold Standard Bill Introduced, Will It Pass?
December 12, 2022 13:50 - 15 minutes - 29.7 MBWest Virginian Congressman Alex Mooney spoke on behalf of his return to a Gold Standard Bill introduced two months ago, with near no chance of being considered seriously yet. This bill H.R. 9157, if ever enacted into law, would require the Department of the Treasury to define the Federal Reserve note dollar in terms of a fixed weight of gold based on that day's closing market gold price. Federal Reserve Banks must exchange Federal Reserve notes with gold at this price. If a Federal Reserve ...
JP Morgan to Take Over GLD and SLV Both?
December 05, 2022 13:18 - 16 minutes - 30.9 MBThis last Friday morning, the US government's Bureau of Labor and Statistics published a positive high-hiring jobs report that, upon further review, was a statistical canard. Akin to the statistical lies and obfuscations used when reporting official price inflation data (CPI) by the BLS. With just less than a month remaining in this year, 2022, it will be interesting to see if the four primary precious metals can continue their recent rallies and all finish with positive performance for wh...
So the COMEX Just Bribes the CFTC?
November 28, 2022 15:26 - 8 minutes - 15.5 MBTerry Duffy, the CEO in charge of the CME Group's COMEX NYMEX futures markets, has recently been doing victory laps on podcast interviews and in major media TV channel segments dunking on the ongoing FTX and SBF cryptocurrency exchange failure. Last week, in perhaps one of the more bizarre Freudian slips, T-Duff, as I’ll nickname him here. He just blurted to Tucker Carlson and FOX viewers that he bribes the CFTC, the supposed regulator of the futures commodity derivative markets in the U...
2022 Silver Market Headed for Biggeset Deficit in Decades
November 21, 2022 15:36 - 9 minutes - 17.3 MBThe financial world learned last week that the global silver market in 2022 is headed for its biggest supply deficit in decades. Silver supplies are shrinking to meet outsized demand. The Silver Institute made headlines stating that worldwide silver demand is on track to eclipse 1.2 billion ounces in 2022, up an additional +16% from already historically high levels reached last year in 2021. Here we will dig into some of this all-time high silver demand data, as well as news related to rec...
How To Lose $15 Billion in Crypto in 10 Days?
November 14, 2022 14:45 - 11 minutes - 22 MBLast week, it was impossible not to stop and stare in awe at the still floating but sinking dumpster fire in the cryptocurrency market in 2022. As the second largest cryptocurrency exchange in the world, FTX imploded and filed for bankruptcy. Its CEO Sam Bankman-Fried resigned in disgrace, likely prison-bound. So to start this week's SD Bullion Market Update, let's unthread a bit about this train wreck starting from earlier this year. Nine days ago, a leaked balance sheet showed Alameda R...
Central Banks Continue to Buy Gold Bullion at Record Highs
November 07, 2022 16:19 - 17 minutes - 31.9 MBCentral banks are reportedly on pace this year to buy more gold bullion since the last official gold price rigging scheme collapsed (London Gold Pool 1960-1968, as the US dollar gold spot price multiplied 24Xs to follow by early 1980, running from $35 oz to $850 oz in about a dozen years). Last week, a Q3 2022 report by the World Gold Council stated that nearly 400 metric tonnes of gold bullion got bought up by central banks. This year's central bank gold bullion buying pace is at a 55-ye...
Only 50% Of COMEX Silver Available for Delivery?
October 31, 2022 15:40 - 22 minutes - 41.5 MBIn the second half of this week’s update, we make a building case for how the world is understandably unaware of a building shortage in readily available reasonably priced bullion products, not merely from small size (IE: silver bars, silver coins and silver rounds) but eventually to even institutional and industrial large-sized bullion bars. This year’s commodity price selloffs with relative fiat US dollar strength have helped quiet headlines about many ongoing constraints here and to come...
Silver Bullion Being Airlifted to Meet Eastern Demand
October 24, 2022 14:26 - 10 minutes - 19 MBThe LBMA, or London Bullion Market Association, held its annual conference in Lisbon, Portugal, this past week. Over 700 attendees were present. Many of them have traded precious metals derivatives in their careers, according to the LBMA's Ruth Crowell years back. Yet, many have never actually seen or touched a large good delivery gold bar throughout their professional work lives. One of this week's LBMA conference attendees, Nicky Shiels from Pamp Suisse, took to Twitter to give insights ...
Chart: It Hasn’t Been This Bad in 100 Years
October 17, 2022 15:43 - 7 minutes - 14.4 MBIn just over 24 hours last week, US Treasury secretary Janet Yellen's financial markets are operating in a fine line, changed to concern about the loss of adequate liquidity in the US Treasury market. Many believe this is a forewarning that the fiat Federal Reserve and US Treasury will begin bailing out the largest bond market in the world with another seemingly infinite QE cycle to come soon. The interest rates on USA IOUs have been screaming higher, yet in real terms, they have been some...
COMEX Silver Vault Inventories Continue to be Depleted
October 10, 2022 13:52 - 7 minutes - 14.4 MBLast week began with a big rally in the daily silver prices, up nearly +9% this past Monday alone. You have to look back to late 2008 silver price action, as the first round of quantitative easing began by the fiat Federal Reserve to see a one-day positive percentage move of similar size. In our update this week, we will update a few key silver market inventory points after we show a clip of how CNBC in India covered this positive silver price action late last week. Silver in fiat rupee...
Bank of England Stepping in to Bail Out UK Pension Funds
October 03, 2022 14:18 - 11 minutes - 20.5 MBThe United Kingdom's debt market and the fiat British Pound took further historic losses this past week as the pound spiked downwards to an all-time low versus the fiat US dollar. The Bank of England had to intervene and begin buying its debt as it faced systemwide pension defaults if it had not done so. Kerrin Rosenberg, Cardano Investment chief executive, stated, “If there was no intervention today, gilt yields could have gone up to 7-8% from 4.5% this morning, and in that situation, arou...
The Worst Year Ever to be a Bond Investor?
September 26, 2022 14:25 - 10 minutes - 19 MBLast week's substantial financial market selloffs continued as the fiat Federal Reserve raised its Federal Funds Target Rate again by 75 basis points. While we continue to read headlines about raising rates by central banks led by the fiat Federal Reserve, the bigger story constant here is the speed at which they are moving to raise interest rates. In 2022, relative continued strengthening by the still world's dominant fiat currency has produced massive selloffs in most commodities and prec...
Lebanese Citizens Have to Rob Their Own Banks
September 19, 2022 14:12 - 8 minutes - 15.5 MBThis week we witnessed a growing trend of Lebanese citizens robbing their own banks to retrieve fiat currency demand deposits they have already made. While the official exchange rate for fiat Lebanese pounds to fiat US dollars is claimed to be just over 1500 to 1. But the freer black market truth is the fiat Lebanese pound's ongoing devaluation has blown out to now over 38,000 to one. Lebanon defaulted on its sovereign debt two years ago, then declared bankruptcy early this year in 2022. ...
Eastern Nations Now Own Over 1/4 of Government Gold Bullion Holdings
September 12, 2022 14:40 - 10 minutes - 19.1 MBThis week, citizens of the United Kingdom, those in once colonies of the former British empire, and people around the world are mourning the loss of Queen Elizabeth the 2nd. Passing away at age 95, her reign of 70 years and 214 days was the longest of any British monarch and the second-longest recorded ruling of any monarch of a sovereign country in world history. It was common to see Queen Elizabeth's resemblance to many popular modern bullion gold, silver, and precious metals coins stru...
Silver Bullion COMEX & London Piles Shrink at Unprecedented Pace
September 06, 2022 13:45 - 12 minutes - 22.8 MBRecent silver spot price selloffs propel unprecedented silver bullion market demand. Especially on the retail side with retail buyers picking up thousands of ounces of silver bars and silver coins. Late last week, fiat Federal Reserve Chairman Jerome Powell addressed his western central bank allies and the larger investing world at the annual Jackson Hole meeting. His speech of eight and half minutes can be boiled down to the following 30 seconds of hawkish inflation fighting tough talk. T...
Russia Wants Their Own Gold Spot Price - The Moscow World Standard
August 29, 2022 14:00 - 9 minutes - 18.4 MBThe eastern world continues moving against western world commodity price discovery market systems, as Russia plans a new gold price and silver price discovery alliance proposing its own international standard of precious metals exchange, dubbed the “Moscow World Standard” (MWS). The MWS would have Eurasian Economic Union partner nations such as Russia, Belarus, Armenia, Kazakhstan, and Kyrgyzstan. It aims to add major gold and physical precious metals trading nations like India, China, Per...
Monthly Mortgage Payments Increase by 81% in Two Years
August 22, 2022 14:52 - 12 minutes - 23.9 MBThe fiat Federal Reserve note (i.e., fiat US dollar) continues illustrating relative strength versus other full fiat currencies. The last time the fiat US dollar was this relatively strong was nearly two decades ago, in the summer of 2002. Meanwhile, quickly rising US mortgage rates have now put a full damper on home sales to the lowest levels in 22 years. And it is all for good reason. People are being priced out of US real estate. Two years ago, the 30 year mortgage rate was 2.96% and t...
Two More Traders Found Gullty of Silver Market Rigging
August 15, 2022 13:59 - 12 minutes - 23.8 MBLast week, two former JPMorgan precious metals traders were found guilty of precious metals market rigging spanning nearly a decade. Unfortunately this misleads the real price for physical gold bullion and physical silver bullion. The former co-head of JPMorgan's precious metals trading desk and his top gold trader got convicted by a federal jury after a three-week trial. US Department of Justice prosecutors presented precious metals market rigging evidence, including detailed trading reco...
Physical Silver Bullion Continues to Disappear
August 01, 2022 13:01 - 10 minutes - 18.7 MBSilver spot price weakness, especially over this past month of July 2022, has only added to increasing physical silver off-take and demand pressures worldwide. Global silver mining supplies are just not keeping up with ongoing demand, so silver is being withdrawn and sold at premiums from places like London and silver COMEX warehouses. The massive persistent western silver bullion demand and increased silver bullion demand out of India now put enormous pressure on silver warehouses global...