Happy Saturday everyone. Unfortunately, I am working today so I cannot do a live stream. I did want to talk a bit about the price of silver as many folks have e-mailed, texted and called me to get my thoughts on what is going on with silver, supply/demand. I’ve heard from 6 people in the Initiative that have been buying silver rounds from local coin shops in Missouri. There is a divergence in what I am hearing which was to be expected. Some folks are reporting that some coin shops can barely keep silver in stock and are paying $2-3 dollars below spot price to buy while selling at $3-$5 over spot price. This is known as the “spread” or the “premium.” This is how coin shops make money on being the middle man. Others have told me that their local coin shops have plenty of silver for sale and are buying $6-8 below the spot price and are selling for $2-3 over spot. This is simple supply/demand in a micro-economy.

One would expect all the coin shops to be buying and selling at the same rate for silver coins and bars but it has rarely been this way. What we are witnessing with the price of silver is that the East (or BRICS+ nations if you like) are securing supplies of silver for industrial use which is in turn forcing the Western pricing authorities (London and New York) to raise the price to match the price on the Shanghai Gold Exchange (SGE). The SGE is a physical gold and silver market, with the Western pricing authorities (London Bullion Market  – LBMA and the Commodity Index – COMEX) are mostly a paper promise futures market. So put simply, the rising price in silver is literally an arbitrage between paper and physical silver markets. While this is happening, more and more silver is going East to the higher prices where silver is actually delivered in physical form ready for industrial use.

*IMPORTANT TO UNDERSTAND* In our current monetary system, when you deposit $100 in your bank account, 90% of that $100 is loaned out to someone else and only $10 of your $100 is kept by the bank in its reserves. This is called the “fractional reserve” system. It creates more currency in the system and dilutes the purchasing power of all dollars in circulation by creating what is known as “bank credit.” The Comex operates EXACTLY the same way with physical supplies of silver except it is MUCH more extreme. For every 1oz of silver currently held by the Comex, there are currently 356 paper futures contracts (Comex’s version of “bank credit”) all laying claim to that same 1oz of silver. This is fractional reserve lending on steroids while drunk driving in New York City on a Saturday night. This is the primary mechanism the United States government (Treasury), along with the LBMA and Comex has been able to keep the price of silver down, by printing paper promises at a ratio of 356:1 and in many cases in the past, significantly higher. But what happens when the 356 paper contracts start coming in for physical delivery for that same 1oz as opposed to a cash settlement for the silver contracts? Well, that answer is playing out right now in real time. This is literally a fuse to the biggest financial bomb of all time, the “derivatives” market. There are 2 scenarios if this fuse gets lit by the silver price increasing…

1. Central banks turn on the printing presses in order to contain the damage (estimates say anywhere from $6 to $30 Trillion dollars). Result: Hyperinflation

2. The derivatives market mega bomb ($4 Quadrillion in value) goes off because the rapidly rising silver price lit the fuse on the Comex silver futures contracts quickly spreading to other derivative contracts (such as cattle futures, gold, credit markets…). Result: World-wide financial depression and likely, WWIII for real.

In either case, holding physical silver and gold will help protect your wealth. In the worst case scenario, it would be one of the ONLY means to preserve your wealth.

The planet simply does not mine enough silver for industrial demand. The demand for solar panels alone consumes nearly 25% of ALL yearly available silver and is still climbing. The new EV battery that Samsung will start building in 2026 requires 1 kilogram (2.2 pounds or 32.15 troy ounces) of silver per battery built. If just 22% of all new EV cars and trucks were to employ this new battery that has 50% more capacity and weighs 20% less than current lithium EV batteries, safer than lithium batteries and lasts up to 20 years and charges safely from depleted to 90% in just 9 minutes, it would consume the entire world-wide yearly mined supply of silver. There is no financially acceptable substitute for silver for these applications at this time. Silver is critical and there just isn’t enough to go around. I am sure exploration and planning new mines is in hyper drive now but it will take 6-10 years to get new mines online and delivering silver to refiners. Recycling efforts account for approximately 17% of total silver coming into the market yearly. It simply isn’t enough. Silver has been kept artificially low by western interests too long resulting in a HUGE release of economic energy that is currently producing silver outflows to China and other nations that need silver for their industrial output and to satisfy strategic and retail demand.

Procuring coins from your local coin shop or online retailer is still easy to do because currently, only the large quantities of silver (1000oz COMEX bars) are difficult to get delivery of. This is what industry is looking to do, purchase the LARGE quantities of silver without making much noise in the general silver investment sector in hopes of keeping the price down. It’s not working as they hoped it would. The SGE is delivering silver, the COMEX is delivering little more paper promises. Eventually, this WILL spill into the investment silver market and will drive demand as the population wakes up to this and when that happens, the bars and coins that people want will become much more scarce as it will be a silver “run on the bank” which will drive up prices even faster than they are going up now. This is all relative to how free markets work and supply/demand fundamentals work. This is not about technically charting silver and predicting price, this is about the REALWORLD fundamentals of silver. History is happening and a revaluation of silver is coming and the West is losing control of pricing silver through leveraged paper contracts/derivative markets.

I do not give investment advice. Silver and gold are not supposed to make you rich, rather they are here to protect the purchasing power of EVERYONE, world-wide regardless of race, creed or color. What I have explained to you is something many people around the world will soon figure out. Many national/federal efforts will come to try to get people to sell their silver and possibly gold for “national interests.” Just remember the 1933 gold confiscation when this happens. This tactic would likely be a masked confiscation measure in order to revaluate silver/gold once the government has a large stockpile of it for valuing a new (likely digital) currency release (financial reset). History often rhymes. Missouri is currently the ONLY state that has legal protections from silver/gold confiscation orders from Washington DC.

*WARNING* Silver has historically been one of the most volatile investments EVER. There will be pull backs in this market, there will be exhilarating days when silver jumps up $5 or more in a day, there will be terrifying lows when silver does the opposite. It’s important to understand that the fundamentals are now driving the market. The most important fundamental to understand is that silver cannot be replaced easily or cheaply and there just isn’t enough to go around for critical infrastructure, electronics, batteries, solar panels, pharmaceuticals, medical, water filtration, coins and bars….etc. However; the price fixing efforts by Western interests are clearly failing. Currently, pullbacks are measured in minutes/hours that used to be measured in weeks or months just 5 years ago. Silver is not a “get rich quick” venture BUT years of downward price manipulation by the Comex, JP Morgan (Bear Sterns), LBMA and others is over and the free market price discovery has begun. Holding silver and gold is not so much an investment as it is insurance. It’s insurance against the over-printing of your local currency. At this time, almost every country’s central bank is overprinting. Add to this the fundamentals of supply/demand and the free market principle of price discovery after almost 150 years of downward pricing pressure by London and New York, we have a perfect storm. Wars have been fought over resources since the beginning of recorded history. Silver has been used as money since the beginning of recorded history. History repeats itself because resources like silver have too many critical uses and it’s not going to be replaced any time soon.

I hope you all had a wonderful Christmas, and I pray that we all have a happy new year!

We’ll try to do a new years eve live stream (depends on my work schedule). Please do not forget January 14^th for Knock and Shock up at the capital.

May God bless us all with good health and with wisdom and courage.

Yours for liberty,
Patrick Holland
Missouri Freedom Initiative
290 Somerswood Lane
Clever, Missouri 65631
patrick@mofree.org

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