RECORD SILVER INDIAN IMPORTS 🇮🇳 Who is Buying & Why?!
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- Опубликовано: 9 июн 2024
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SUBSCRIBE to Our Channel: ruclips.net/user/sdbullion?s... Last month, February 2024, India made its largest monthly import of physical silver on record.
Gold finished this week slightly down from its record nominal price run last Friday. The spot gold price again closed over $2,150 fiat US dollars per ounce and has now completed 17 weeks in a row above the building $2000 oz price support level. It wasn't too long ago that this price level was resistance.
The spot silver price popped a bit this week, closing above the $25 oz threshold. It will be interesting to see when we next make a run at $26 oz, possibly next week.
As a result of silver's relative strength this week, the spot gold-silver ratio fell to a still historically high level of 85.
That will be all for our weekly SD Bullion Market Update.
As always to you out there, take great care of yourselves and those you love.
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Please watch this video" The Ming Dynasty's Destructive Appetite For Silver | Empires of Silver | Absolute History"
Very informative 👏 ❤ I subscribed last year and this is my first notification. Didn't realize you have weekly videos . Awesome 🎉
Yes !
Wow...some good sales at SDB this week! Thank y'all ❤
YES, love market updates.
Another great video James. I’m still amazed by indias silver imports. If this continues they’ll take all of 2024 mining supply. Thanks!
just bought more gold and silver to add to our stash from you fine folks at SD Bullion.. if central banks are buying like crazy.. they must know something we dont know yet.. and i would rather be early to the party then late.. thanks for the update James!
Gold/silver/other real world commodities backed new global reserve currency
stacking solar panels and physical silver💪 electricity prices have tripled out here in commiefornia since the plan-demic.
Try To leave
@michaelbouillon1241 can't, they will hunt you down
Get ready for your utility surcharge based on your gross income too!
@@michaelbouillon1241stay and fight, they’re coming for every state
@@hoods931 I'm broke, so they can't charge me more
Well done James. Thanks SD Bullion
In addition to silver I now stack Lindt bars
Cocoa prices👀
Doc, you forgot one important detail: India and China are BRICS countries. BRICS countries back their currencies with Gold and Silver, unlike are fiat currency. All BRICS countries are buying metals at a good rate.
That's what I was thinking too.🎯🎯👍
BRICS countries don't have to back their currencies with gold and silver. They just have to insist that the trade deficit from the west is paid with gold and silver. That would send the prices of gold and silver sky high and the BRICS are buying the metals cheap for that reason. They will win in the long run and get compensated with giant profits from their gold and sivler holdings...
Not great for western countries ..!!! And we have the federal reserve freak Janet Yellen on TV “apologizing” for saying inflation would be transitory !!?!?!? Like how pathetic they knew the American people have such a short attention span that they can literally just do bits as reality … 😂😂😂
Great reporting as always, James Anderson.
The India statistic in incredible! So telling of the future.
END THE FED. Gold IS Money.
I picked up 20 ounces of silver today from my LCS...a full roll of 1984 Engelhard Prospectors...uncirculated.
Great report! Very important information! Thanks!
As a cacao grower on Maui, I appreciate this level of shilling.
West African farm owners are about to get paid proper-like
Another fantastic update! 👍🏼👍🏼
I think silver is poised for a good move higher! Thanks for the vid, lots of good info in there!
A very good report. Thanks
Great info.
Thx.
SD 🥈🥇🥈🥇
Great stuff as usual! Thanks James and SD Bullion!!
knocked it outta the park this week, James. thank you.
Another great update, thanks James, keep fighting the good fight💪
Excellent report James!
I see a run on silver coming!!!
Great charts. They do a great job of making the case. Thank you 🇨🇦
Great Info...
Well done James ....big thanks to sdbullion for supplying me with affordable physical precious metals!!!
cocoa to the moon
Noo! My choc bill just went up😂
I like hearing the reactions of these winners of Silver! Definitely this was the best reaction so far. Love SD Bullion and the message behind the company.
Adding chocolate to my stack this week.
Thank you for informing and caring for your customers as you do. God bless and keep you.
Very interesting comment regarding cocoa & silver. Everything seems to be lining up for silver at the same time, on both the monetary and commodity fronts, so I think we might be in for something to break all records.
Great Update Sir, I think India's buying has a bit to do with BRICS as well as electronics, they want a Backed Currency for Trade. Thanks Much 👍👍
Thanks!!
Interesting thing about Bitcoin, it can't exist without silver, at least until graphene replaces silver for industrial purposes.
Bitcoin doesn't exist either way. That's what virtual means.
Exists? 😂
You all know what silver is used for, so it is correct. Bitcoin could not be mined without it as a conducting component on electrical circuit cards.
Graphene might cut industrial demand significantly for silver, but the expansion of markets demanding silver will outweigh this exponentially.
Graphene might do that i dont know, maby thorium will power it. There are many indicators silver and gold is coming back as money.
Thanks James ...........it looks like our time is coming.
Was hoping that too many times..-10% in the next week is possible for Silver. Sounds crazy but happened often in the past after small rallies..😮
Thank You James ! ! ! 🤓
Sorry I missed the live, but live or later, I always enjoy these presentations. The charts are great. Excellent work, James, thank you for your time and effort. Going to sip some cocoa from a silver cup now 😂
Don’t forget to stir it with your silver spoon 😊
When did updates start? I was missing out!
Where ya been?!
Started them in late 2019, but they got increasingly better from March 2020 Covid onwards to now.
That mining chart per country really put’s into perspective how rare silver really is. Especially when Mexico is apparently shutting down its mines because supply is running out
Mexico is in the process of Federalizing its Mines, expect production to increase dramatically.
Mexico has approximately 30% of the worlds silver, but it’s still in the ground.
Staggering amounts of Silver are essential to meet the goals of the many Worldwide Green Energy programs, plus the BRICS Nations, the MIC, Big Tech.... add to that a PM-Derivative Bubble about to bust.
Silver will become so valuable that Mexico may become one of the wealthiest Nations on Earth.
@@hungryjack9774 bingo on Mexico mining its own silver for its building industrial capacity power^^^
Our day is quickly approaching silver stackers!
They can call us whatever they want but im gonna keep stacking.
I just need silver to stay down until after the 7th of April, I am going on a trip to collect some that I left in Europe. Always bring your receipt for traveling internationally with metals.
Yup people just dont understand whats coming when places like India and China want to expand... The avg family get this uses 4 times less the energy. Well guess what , Now they want what Americans enjoy for so long... All the Gadgets in the house... So imagine whats coming when 8 times the population wants what we have and live 4 times less energy demand... Gold and silver and energy is going to go nuts.
Why wouldn't India buy all this silver!? It's undervalued now and won't be soon. They are doing so because they are smart!!!
tell it tell it tell it
You guys really should open a branch in Canada give SGB a run for their money
I didn’t know India had that much money
All manufacturing going to lower wage countries. Textiles as well
and furniture and glassware and it's all been happening for decades. NAFTA really kicked it into high gear to the point of holllowing out America, and that was in '94.
@@bocain812 Thailand is another for industry . Western countries are falling fast . Did you hear Russia sent in hired prisoners to take over the gold mines in parts of Africa for a swap deal to provide arms and protection. Group is called Wagner commandos. Should be on RUclips
@@bocain812 western countries have lost a lot of industries. Thailand is another country booming for investors. Bylaws and taxes have become so strict within North America.
"CNBS".....hilarious...u stole that from i James....cheers
I’m coo-coo for PMs.
Good piece, however, you left out the Gold , Britain , High Court, ruled that Britain could keep, Venezuela's GOLD.
June 30, 2023 that 'ruling' was valued at just under $2 billion -- so no, small fry in the context of the historic gold robbery numbers I reported
Uk owes india 40+ trillion USD for 300 years of exploitation of precious metals, minerals, cotton, spices etc.
lets just move on and build a better future for all of us. ❤️ we are all made of star dust! ✨
To buy physical cheap. They have to drive the paper silver price down first. Silver price is about to crash hard
JAMES: arguably, that's been the case since May 2011, with few exceptions. Gonna need another COVID-like deflationary event to see silver spot price teens, in my opinion.
If Bloomberger says it, ya know its true.
I kid. I kid.
🌎🗿™️
What about all the Chinese Silver drained via the British and Boston Bramhins who used it to build American Industry and its banks, just ask Alexanda Hamilton 🤣🤣
Explain
Please remove the background polka music as it is distracting.
My money is on Reliant Industries who are building a giant EV and Solar Energy plant in India sucking up UAE silver.
The Chinese are doing the same too 🤣🤣
Why are you guys so pro Russia? It’s not stealing when it’s war reparations
Because Ukraine is the biggest deep state hideout hence why Obama signed four executive orders pertaining to the country.
Comment getting censored within 45 seconds is typical for this shite platform.
Are an AZOV BOT?
Ukraine is the biggest Nazi hideout
Nazi Nazi Nazi
Oh my goodness. What is India doing buying so much silver? Well, they put it in their ears on their wrists. They make tea cups out of it, steering wheels. They love it. Oh my goodness, it's something new. Duh. Try doing a different tik tube
you missed the point: massive quantity
smart people and smart investments