aggiedata said:

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Hi all,

i need to ask a question on the best place to sell old gold rings etc. in BCS or Cypress area?

I don't know why my mom had a Shah of Iran 1974 gold coin made into a ring, but she did.

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lobopride said:

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$55 silver!

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• COMEX registered ~27 Moz (multi-decade low), >40 % standing for delivery, persistent backwardation
• London vaults drained, COMEX/LBMA elastic supply gone, backwardation entrenched
• Both emphasize that physical metal is disappearing far faster than paper markets reflect

• 2008 paper smash looked catastrophic but physical was impossible to buy for months
• Current stress is the "financialization" of a physical shortage banks papering over it with derivatives
• Both say the paper price is increasingly divorced from physical reality

• Implicit if they smash price now, buyers will stand for delivery and break the system
• Explicit banks rolling massive shorts forward, martingale-style, hoping for future supply that isn't coming
• Same diagnosis: banks are cornered and deferring delivery instead of closing positions

• Mentions industrial pull-forward and BRICS/Asian buying
• Details three demand cohorts: U.S. industrials, ETFs, BRICS/Middle East + China intercepting mine supply upstream
• Identical drivers of the physical drain

• Retail still absent; central banks, institutions, and sovereign funds are the big accumulators
• Retail only starting to notice via ETFs; sophisticated money (sovereigns, industrials) driving the move
• Retail is late to the party in both narratives

• Core theme: de-dollarization, Treasury demand collapse, sanctions weaponization
• Secondary theme but present (ring-fencing of national gold in Europe, China co-opting supply chains)
• Both see a broader breakdown of trust in Western-centric financial plumbing

• "They'll stand for delivery existential threat"
• Banks can no longer easily source metal to meet delivery demands if a smash occurs
• Identical warning: another 2008-style paper raid could trigger immediate physical default

• Monetary reset coming; when public wakes up, metal will be unavailable at anywhere near current prices
• Structural shortage either explosive repricing or repeated Fed bailouts that only worsen the problem long-term
• Both are extremely bullish silver long-term and see no easy resolution

• A decades-old bullion-bank carry trade that relied on abundant, elastic physical supply has collided with relentless new structural demand.
• The paper market is still being used to delay delivery, but the physical escape valve is closing fast.
• The next leg is likely to be violent either a classic short-squeeze blow-off or a systemic event that forces a much higher equilibrium price.
• Retail is still largely asleep; when it wakes up, available physical supply will already be spoken for.