HSBC in LONDON is EXITING all silver contracts by the end of the month. HSBC is permanently OUT of the silver business.
They have found HUGE allocation FRAUD in their own vaults. Over 300 MILLION ounces of silver is missing. They must buy a HUGE amount of silver PER DAY for the next 21 days to meet their contracts. Won't be happening.
HSBC expects the price of silver at the end of this month to be $347 / ounce.
I would take this with a grain of salt. I hope it's true but I've caught several outright untruths from the Asian guy. There's about 20% misdirection in every video I've watched to date. This may be true, but it's entirely possible it's bullshit.
True. This guy talks about but doesn't actually BRING any sauce. He's often been proven right in the past, however, and nothing he says seems out-of-line with what I know; we ALL know that paper silver has been HUGELY over-sold for decades, for example. That's a Ponzi-like situation that MUST fall apart at some point.
Still: Grains of salt are ALWAYS worth taking, no matter what you hear or where you hear it from.
HSBC in LONDON is EXITING all silver contracts by the end of the month. HSBC is permanently OUT of the silver business.
They have found HUGE allocation FRAUD in their own vaults. Over 300 MILLION ounces of silver is missing. They must buy a HUGE amount of silver PER DAY for the next 21 days to meet their contracts. Won't be happening.
HSBC expects the price of silver at the end of this month to be $347 / ounce.
I would take this with a grain of salt. I hope it's true but I've caught several outright untruths from the Asian guy. There's about 20% misdirection in every video I've watched to date. This may be true, but it's entirely possible it's bullshit.
True. This guy talks about but doesn't actually BRING any sauce. He's often been proven right in the past, however, and nothing he says seems out-of-line with what I know; we ALL know that paper silver has been HUGELY over-sold for decades, for example. That's a Ponzi-like situation that MUST fall apart at some point.
Still: Grains of salt are ALWAYS worth taking, no matter what you hear or where you hear it from.