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Jim Willie: Chinese to Shock Market by Repricing Gold Price [Transcript]

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Silver and Gold Shortages

Three really important factors that have cropped up recently that indicate a metals shortage.  Junk silver used to pay spot minus 15%. Now they don’t. The silver cycle is now gone.

I get messages all the time with comments from clients that were at coin shows all over the country and there is nothing available in silver, except for the collector’s items. A mint coin that is more than 3-4 years old now has a collector’s premium.

The live silver market. If I need to go and get 5 different one kilogram bars of silver in 3 days, they go to the

live silver market. It always has supply. If there’s a real shortage, they might have a 40% premium.

Right now – zero inventory.

China and India are taking in gigantic amounts of gold and silver- a new phenomenon is the exports from the US to India. Could that be why we have a shortage in the US – because we are sending it to India?

Will asks: In the month of July, the US Mint decreased silver allocation by 20%. They did another 20% in August. We’ve had 2- 20% decreases in the amount of allocation that goes to the US dealers and wholesalers. SrRocco put an article out just yesterday that there are massive increases in silver imports from the US to India in just the last couple of months.

Willie: Why would the US authorities do a favor of supplying India? India was reported 3 or 4 years ago to be a major hidden source of silver to the London and New York markets. Now I think it’s payback time for the favor rendered.

Will: So the country of India supplied a whole bunch of silver to the Western governments, probably needing the physical product to suppress the market.


China Plans to Double the Gold Price and Disrupt the Forex Derivatives

Shanghai is going toward repricing gold and silver ratios versus the dollar. You are seeing an explosion of supply of the dollar, which should be good for gold, which is contrary to the way markets should work. The Chinese are fed up with what’s going on. They want to make equilibrium between supply and demand in the gold price.


I’m hearing that Russia has at least 20, 000 tons of gold and China has 15,000 tons of gold.

They don’t like that the West is setting a price without having any [gold]! 


Shanghia is going to ………………………… the rest of the story at

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    Total 6 comments
    • VirusGuard

      Give over you can buy all the 1kg silver bars you want on ebay but don’t go thinking you can buy them for the fiat paper spot price.

      China can want all it likes but even the FED has trouble fixing the rates and that just for paper that paid in fiat, not metal.

      I have lots of bars but you won’t find me getting upset and saying buy justy yet because i am waiting for the bottom myself and will start looking when the paper price for silver hits $12 oz so people, keep your powder dry, prices are still on a downwards trend.

      • Klemens

        ” keep your powder dry, prices are still on a downwards trend.”
        Nobody knows exactly when the price of Silver will go up!

        If the price of Silver will go up, it can be very quickly!

        So if you you think you need debt free money like silver, you are very stuiped to wait with buying of the SilverCoins.
        Maybe you are only one hour too late!
        The risk to have Dollars is much higher, than to have silver coins.

        • VirusGuard

          Yes anything “Can Happen” but for now the trend is down

          Maybe you are six months too early and could buy double the amount if you wait.

          I am cool if i miss the boat because me has a good stack already, maybe you like ZeroHeadge also have a good stack and are starting to panic and want to off load some risk before it goes down more.

          Please feel free to contact me if you need to panic, i’ll help you out the best i can

    • David Montaigne

      Jim Willie has been right in the past – eventually. He might say months and it might take years, but he’s no dummy.
      Consider soaring precious metals prices one of the eventual signs of massive economic problems (as if there aren’t any others.) Since massive debt accumulation makes financial collapse VERY likely maybe we should expect chaos, hyperinflation, martial law, dictatorship, and even the fulfillment of end times prophecy… read:

        End Times and 2019

        Antichrist 2016-2019: Mystery Babylon, Barack Obama & the Islamic Caliphate

    • rysa55

      At the end of the road for this current fiat money as you say because it does not have a backing by gold. I understand you have probably addressed the situation of non recognized gold, historic gold dating back centuries and unreported concentrates. There is little real data that deals with this issue. Karen Hudes reported there is over 2 million tons of gold to be part of the global economic reset. This number is not taking into account or other reports, myths and secret caves of millions of tons of gold. Why this matters is the scarcity of any commodity changes its value and can be manipulated. With the introduction of this gold backed money can this be sufficient to handle the economic system without a tremendously bad price discovery for the resources. You and your team reported that China cannot run the world reserve currency as they do not have the bond issuance backing in Yuan. This was very insightful and they solution becomes a merged unified currency backed by resources rather than government issued debt notes. The point being is the introduction of a change of currency backing will end the fiat system and with it the debt servicing industry. As a brain trust, a question the ability to communicate and deliver on contracts is the basis of money as a medium for commodity and service transfer. Once the medium is corrupted its value is rescinded and the system of interchanged is uninsured and seeks security with another transfer medium. Any new currency should have a value based on its ability to deliver and so the buyer rules the day. When will buyers choose to use more reliable and safer mediums and would gold and a basket of resources be able to use most of the current markets or is the reset dependent upon a complete crash of the financial system before a new economic measure can be created that operates with balance.

    • HfjNUlYZ

      If China wanted to take over the gold, silver, currency markets would it not set its buy price far below spot? I dont see how repricing gold benefits them.

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