China Buying Physical Silver While Western System Fails _ Andy Schectman

We'll disintermediate the market.

we'll pay more than the West will, ship it back to China and refine it ourselves.

You have a system where you're right, not just the largest month, the largest quarter ever of silver accumulation by the Chinese ever.

And again, it's important to remember that we've seen consistent pattern of countries lying The central bank said they bought, as I mentioned, it was the largest first quarter purchase of central banks ever in history, as the price was getting kneecapped, mind you.

And these are the most well-informed traders in the world who are privy to information and analysts that we will never see.

The point of it is, is that as the price got destroyed, not only did China and the central banks buy more than ever, they lied about the accumulation.

Like I said, Goldman Sachs just said, no, you bought way more than you said.

You did five times as much.

They came out and said that they acquired more than 48 tons.

And, you know, China said their official number said 10 tons.

So you look at the central banks, they said they bought 16 tons and the World Gold Council said, no, you didn't.

You bought 244 tons, 15 times underreported.

So I do believe that These countries for a while, Elijah, have been playing us, playing us at our own game, beating us at our own game.

If we're stupid enough to suppress the paper price and trade 200 times in one trading session, the amount that could be delivered, beat us at our own game.

The only place until now that price was settled was in New York and London.

Now, you're going to have a new settlement system and a new currency that says, ah, but we are delivering same day, same day settlement.

This is going to create real price discovery.

And as gold goes, so too will silver.

So even if they aren't officially trading it yet, It will siphon all of the silver over just like it has been for the last year.

Gold and silver have a 90 plus percent correlation through all of time in their movement.

And not always perfectly symmetrical, but as one goes, so too will the other.

So if we see real price settlement in gold, don't be surprised to see real price settlement in silver and all of it going that way as well.

And if we're stupid enough to continue to play these games with gold, With rehypothecation and futures market dictating a price that really isn't realistic, I have a feeling that we will see more and more metal just head that way until there's no one silly enough to sell at these Western prices and real price settlement, real price discovery starts to show itself in both gold and silver.