@@scram8188 JP Morgan paid 920m in fines for spoofing the silver markets. The bullion banks manipulate silver everyday. They short sell they have an incentive to keep prices low. Ever since they made that fake ETF SLV/GLD. Fake paper ETFs. The government has an incentive too to make precious metals not as valuable so everyone values their fiat. Question is how long till people find out and this shit gets reset. US government printed out 25% of the money supply this yr so imagine a country has 100m total money now we got 125m. Notice how bitcoin, stocks, etc. Go up and silver stay relatively the same. In times of fear and panic you'd think "oh people will buy silver/gold." Silver legit got so cheap right after covid makes no sense other than manip. Real questions are how long can the bullion banks keep manipulating? How long can the governments of all countries keep printing off more money for bail outs? Meanwhile don't mind China they're hoarding silver/gold. And they banned bitcoin.
Daniella and Peter, great interview! The question that didn't get answered ; while I understand the massive selling to cover margin calls drives the price of precious metals down - - then why isn't the massive demand to buy silver with very limited supply, driving the price back up? Many people are willing to pay more, but can't even buy it !
I wanted to buy some today. They just said call us back in 6 weeks to see if we have any. I did find one dealer but he wanted $35 per ounce. You think you got it bad in the U.S. 10 times worst in the UK.
No dealer is gonna sell silver at a loss; no investor would pay high enough premium for dealer not to taka a loss at current price drop. Result: No Sale. Thats what happened.
great questions, i really loved listening to this interview, as a new investor i find following this whole situation far more understandable and whats really going on.
Thank you Daniela, I'm very new to buying Silver and vintage coins. I've always loved Silver and I'm hoping to build a collection for my grandbabies. I've been worried about all this because I don't know anything about the markets and what might happen. I feel a little better about my Silver, after Pete said what he did. It's a scary time for a lot of people I guess. I'm subscribed now also. Thanks for the information!
One major flaw in this analysis. The price of silver was so low prior to this meltdown that there are few mines producing silver. Most of the silver used in industry comes from production of other metals such as copper or zinc. If production of those metals falls due to a reduction in manufacturing, so does the supply of silver produced. Thus, a turndown in manufacturing should do nothing to effect the price of silver. On top of this, one third to one half of the world's supply of silver has been sold short on the COMEX. In addition, there's LESS silver in inventory than there is gold. Think there's a problem? Yeah, with these analysts.
Silver and Gold pretty much decoupled from the stockmarket now. If anything going in the opposite direction. No more margin calls I guess, and investors focusing on Silver as a precious/monetary metal more than a commodity. Plus reduced mining supply. Free to run up on sentiment now, as I see it.
I bought from Nevada Coin in Reno In United states and I paid $5 over spot for the silver American eagle and gold $60 over spot for the American eagle. . What I notice is a lot of gold coins missing in the glass case and I asked and they been selling a lot of gold. . I had no problems buying either gold or silver.
This is a short term deflationary situation due to no work production as long as people are hunkered down. Silver should explode when the economy heats back up.
So basically the dealers are making a killing. The buyers may end up in the same situation that we have always been in. The banks decide OK that’s enough let’s play with silver between $15.50-$18.50.
Pete is way underestimating what's going on imo. You're not gonna have to wait 2 years to double the price of gold/silver. x10 in 2 years easily! Gold is near it's lowest point in history if you adjust for inflation. Nominal price and Value are 2 different things! But paper currency is gonna be worth much less too. 1oz of gold is gonna buy you a home! Base USD went from 800B to 4Tri back down to 3.5Tri since 2008; now they are gonna add another 4Tri in 2 months?! And that's just the beginning!
5:20 “i wouldn’t be surprised if current 3% unemployment posted north of 10% in next two posting periods”. The real stats already indicate unemployment (based on 1980s formula, as they now use a ‘different formula’) at 8-12%, see John Williams at ShadowStats. Interestingly, the Fed Res just announced a few days ago they expect it to climb to 30%, while all the while they’ve been saying how well the economy is, how the repo market QE since Sept 17/19 isn’t QE and they’re just adding a “bit” of liquidity to “prevent” problems. This central bank cartel’s fiat garbage system must be brought down. Central banks should NOT be running economies, controlling interest rates nor creating money. And it’s an Easy fix, don’t use their product, paper debt notes in the currency of your choice, use REAL PHYSICAL ASSETS ONLY AS MUCH AS POSSIBLE. Their system will implode.
Lost my a** on silver in the last economic downturn. Never again. It's a TERRIBLE asset. "Poor man's gold" but it is no gold. It's basically an industrial product, used mostly in manufacturing. Trades more like an industrial commodity than a "precious" metal.
Seems pretty obvious that the guys who are sitting on silver are not willing to sell at current prices... You can find silver if you really want it. You just can't find a significant supply for what you want to pay. Anyone willing to sell at currently listed prices will see it snapped up so quickly that they almost have to reconsider waiting it out. You would have to really need the money to sell silver now. Even the guys who buy little scraps at pawn shops and such are hoarding it until prices go back up.
So demand is high and the actual product is in short supply, but the price goes down. This is criminal manipulation of the market. Buying and selling mythical precious metals ON PAPER!!!
From what I have heard, silver is used alot in Industry and due to Covid less is being used. Yet once economy pics up again, lookout! People are buying as a buffer against uncertainty, expect $50.00 silver in 12 to 18 months.
It's all manipulated. Spot price is a joke in USA. Things are changing very fast. Just get your hands on anything you can find and prepare for the fall.
Strange, silver is going down, but when you try and buy, a lot of it is "Sold out"!!!!
Your comment is prescient. I'm in the future in the middle of the great Silver Squeeze. Still not enough silver to go around at $30.
My question is - Why does silver go down when the market goes down and silver goes down when the market goes up?
JP Morgan short sells they own the market if JP Morgan goes bankrupt silver sky rockets.
@@steakershocks didn't JPMORGANs name just get mentioned in some CCP US voter fraud article.
@@scram8188 JP Morgan paid 920m in fines for spoofing the silver markets. The bullion banks manipulate silver everyday. They short sell they have an incentive to keep prices low. Ever since they made that fake ETF SLV/GLD. Fake paper ETFs. The government has an incentive too to make precious metals not as valuable so everyone values their fiat. Question is how long till people find out and this shit gets reset. US government printed out 25% of the money supply this yr so imagine a country has 100m total money now we got 125m. Notice how bitcoin, stocks, etc. Go up and silver stay relatively the same. In times of fear and panic you'd think "oh people will buy silver/gold." Silver legit got so cheap right after covid makes no sense other than manip. Real questions are how long can the bullion banks keep manipulating? How long can the governments of all countries keep printing off more money for bail outs? Meanwhile don't mind China they're hoarding silver/gold. And they banned bitcoin.
@@steakershocks when did China ban Bitcoin?
wall street human garbage is why
Forget silver. Invest in lead. (full metal jacket)
I liquidated my paper GOLD. I'm holding on to my PM sovereign coins. I don't think ANY ETF is worth holding.
I will not pay these exorbitant premiums. In some places the 1 oz prices are higher now, than when silver was close to $18.00.
ETF silver is for suckers.
If you don’t hold it physically, you own nothing.
Daniella and Peter, great interview! The question that didn't get answered ; while I understand the massive selling to cover margin calls drives the price of precious metals down - - then why isn't the massive demand to buy silver with very limited supply, driving the price back up? Many people are willing to pay more, but can't even buy it !
Watching this on May 8th, silver spot is at $15 but actual physicals are selling for $24. This is how you know that the stock markets are manipulated.
I don't understand, can you explain the link between spot vs premium price differences and manipulated market ?
@@jo_xq58valkyrie21 good question pitty he couldn't be bothered answering
Buy paper silver?? Yeah, no thanks. My REAL silver held it's value just fine and will in the future...
FEAR is whats going on.. OUT RIGHT GOVENMENT FEAR AND MANIPULATION is what's going on.
Danielle Cambone is THE BEST at Kitco. Great interview; excellent explanations.
I been thinking J.P.morgan the whole time this man was talking. It's ok to say it. Everyone knows.
Get rid of this paper market
They didn't run out, they're not gonna sell the silver they just bought a week ago for $15. False shortage !!
its arigged game if you can see anything about this prices it shows its rigged
This too will pass.
Silver isnt getting dump,it selling at $25 per once...where you can find it.
I wanted to buy some today. They just said call us back in 6 weeks to see if we have any. I did find one dealer but he wanted $35 per ounce. You think you got it bad in the U.S. 10 times worst in the UK.
Woah! This was 10 months ago? Sound like today!
J P Morgan is beating it down!
Thank you Peter and Daniella! Great interview👍. Incredible times we’re living in!
Stocked up on silver. Also Shortages here in England UK
No dealer is gonna sell silver at a loss; no investor would pay high enough premium for dealer not to taka a loss at current price drop. Result: No Sale. Thats what happened.
I will sell mine with a premium of 15$ over spot, or I'm holding.
Silver is way underpriced.
What happened to supply and demand? Markets are being manipulated.
Completely sold out in the UK.....
Good interview, he was 100% honest,
Just Hodl your silver dont get Rid of it dont panic and sell it. Its gonna be worth way more than what the price reflects.
Absolutely great explanation in layman's terms! Thanks Kitco!
what is happening? easy, bullion shops won't sell you any silver while it's cheap, they "pretend' to be out of stock.
great questions, i really loved listening to this interview, as a new investor i find following this whole situation far more understandable and whats really going on.
I enjjoyed this interview -- have this man on again, please.
Peter, thank you so much for making yourself available for this interview! You sound great! No worries.
The complete loss of individual rights with no protest whatsoever reveals just how hollow America has become. Limitless government ahead.
At this point these subject matter experts opinion are as accurate as anybody’s best guess!
Thank you Daniela, I'm very new to buying Silver and vintage coins. I've always loved Silver and I'm hoping to build a collection for my grandbabies. I've been worried about all this because I don't know anything about the markets and what might happen. I feel a little better about my Silver, after Pete said what he did. It's a scary time for a lot of people I guess. I'm subscribed now also. Thanks for the information!
Why not buy a silver contract at the exchange for $12 per oz and just take physical delivery? Seems like a winner.
I bought silver this morning. 10K worth of silver into my portfolio. My first metals investment so I think now is the time. Very happy.
One major flaw in this analysis. The price of silver was so low prior to this meltdown that there are few mines producing silver. Most of the silver used in industry comes from production of other metals such as copper or zinc. If production of those metals falls due to a reduction in manufacturing, so does the supply of silver produced. Thus, a turndown in manufacturing should do nothing to effect the price of silver.
On top of this, one third to one half of the world's supply of silver has been sold short on the COMEX. In addition, there's LESS silver in inventory than there is gold. Think there's a problem? Yeah, with these analysts.
She’s pretty
Finally someone to talk intelligently about silver. I get so tired of hearing from the doomsday crowd. Great video!
Advise our clients to buy at $10.00, Mr. Valentine has set the price.
I'm watching this video on the 18th and currently silver is $11.76 and gold is $1475.00. I think I'll pay more attention to what Peter has to say.
Seems like a really neat genuine guy. Best explanation of what's going on in silver that I've heard.
Great discussion Daniella and Peter. Thank you!
Thank you guys so much for answering the silver mysteries! No doubt this is the best silver discussion right now!
Silver is beautiful!!
My dad fixed his plate with super glue for years.
Two of the best out there.
Give Peter Hug a Hug! What a sweat fellow to be present for this interview. He spoke well. Well done.
Save 21 min , regarding silver. JPM.
Will the silver futures meet the current physical demand? Or can this situation continue for much longer.
Danielle still looking hot in a crisis.
Excellent interview !! Lots of good information
lovely woman...... wow.
20:28 I concur. Great discussion.
Sorry, Daniella, too late, I already sold my house! I'm a renter now and I got a good deal on the rent!
Silver and Gold pretty much decoupled from the stockmarket now. If anything going in the opposite direction.
No more margin calls I guess, and investors focusing on Silver as a precious/monetary metal more than a commodity. Plus reduced mining supply.
Free to run up on sentiment now, as I see it.
gold holding strong....silver is a great buy guys...check out gregory mannarino channel.....peace
Great interview, thank you.
I bought from Nevada Coin in Reno In United states and I paid $5 over spot for the silver American eagle and gold $60 over spot for the American eagle. . What I notice is a lot of gold coins missing in the glass case and I asked and they been selling a lot of gold. . I had no problems buying either gold or silver.
This is the best silver discussion!
This is a short term deflationary situation due to no work production as long as people are hunkered down. Silver should explode when the economy heats back up.
Thank you both for a great interview
Danielle is gorgeous!
Really very good interview... why do not more people listen to this?
Daniellas gorgeous
So basically the dealers are making a killing. The buyers may end up in the same situation that we have always been in. The banks decide OK that’s enough let’s play with silver between $15.50-$18.50.
The discussion of the rigged silver market requires a look at the scam EFP gimmick.
Like a fine wine, Daniela, you just get better and better with time.
Great interview! Thank you. 😀
Pete is way underestimating what's going on imo.
You're not gonna have to wait 2 years to double the price of gold/silver. x10 in 2 years easily! Gold is near it's lowest point in history if you adjust for inflation. Nominal price and Value are 2 different things! But paper currency is gonna be worth much less too. 1oz of gold is gonna buy you a home!
Base USD went from 800B to 4Tri back down to 3.5Tri since 2008; now they are gonna add another 4Tri in 2 months?! And that's just the beginning!
5:20 “i wouldn’t be surprised if current 3% unemployment posted north of 10% in next two posting periods”. The real stats already indicate unemployment (based on 1980s formula, as they now use a ‘different formula’) at 8-12%, see John Williams at ShadowStats.
Interestingly, the Fed Res just announced a few days ago they expect it to climb to 30%, while all the while they’ve been saying how well the economy is, how the repo market QE since Sept 17/19 isn’t QE and they’re just adding a “bit” of liquidity to “prevent” problems.
This central bank cartel’s fiat garbage system must be brought down. Central banks should NOT be running economies, controlling interest rates nor creating money.
And it’s an Easy fix, don’t use their product, paper debt notes in the currency of your choice, use REAL PHYSICAL ASSETS ONLY AS MUCH AS POSSIBLE. Their system will implode.
A very Intelligent discussion. Learnt a lot
Lost my a** on silver in the last economic downturn. Never again. It's a TERRIBLE asset. "Poor man's gold" but it is no gold. It's basically an industrial product, used mostly in manufacturing. Trades more like an industrial commodity than a "precious" metal.
Good interview
Seems pretty obvious that the guys who are sitting on silver are not willing to sell at current prices... You can find silver if you really want it. You just can't find a significant supply for what you want to pay. Anyone willing to sell at currently listed prices will see it snapped up so quickly that they almost have to reconsider waiting it out. You would have to really need the money to sell silver now. Even the guys who buy little scraps at pawn shops and such are hoarding it until prices go back up.
Awesome Interview!
So demand is high and the actual product is in short supply, but the price goes down. This is criminal manipulation of the market. Buying and selling mythical precious metals ON PAPER!!!
Beautiful Lady!!
Excellent. Thank you for this video.
Extremely knowledgeable. Great interview 👍
From what I have heard, silver is used alot in Industry and due to Covid less is being used. Yet once economy pics up again, lookout! People are buying as a buffer against uncertainty, expect $50.00 silver in 12 to 18 months.
Peter , you are awesome . Impressive insights !!
I'm long. Weak hands 😂 why leave you metals now. Lol. Short sighted
At Kitco Hong Kong, Eagles are still going for around $18 a coin.
I understand. The interviewed can not mention JP Morgan. That is the reason Kitco does not invite Ted Butler.
Great interview!
Selling something they didn't have is the POINT!
Silver will be really valuable after the crisis
Appreciate the honesty, thank you
I like her and I like silver. I can't currently get either. Hard times!
Great interview and info, thanks!
I just looked at the kitco site and ounces of silver are selling for 20 dollars usd
Great! This guy is good; thanks for the inside look.
Silver is going no where unless there is some big new industry that uses a lot.
Peter is sharp as a rail!! Great Post!!
Fantastic interview great information
Thanks for an informative interview.
It's all manipulated. Spot price is a joke in USA. Things are changing very fast. Just get your hands on anything you can find and prepare for the fall.