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James Henry Anderson's avatar

Great upload Jesse

Silver started 1970 priced at $1.92 oz

Inside NY COMEX hours it has since traded down to 16¢ oz

Outside NY COMEX hours silver has traded to $382.82 oz

as of start of January 1970 until yesterday's data end of March 6, 2025

LBMA price fix data 1970 for onlookers - https://sdbullion.com/silver-prices-1970

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Jesse Colombo's avatar

Thanks! Yes, I don't know how anyone can deny the blatant manipulation of silver prices.

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James Henry Anderson's avatar

They are still out there; many of them sat on the desks of former banks busted for RICO, ramming of prices daily on Precious Metals desks (find them all over LinkedIn, the kind of people who often work their whole lives in London and never have seen or touched a 400 oz gold bar, been in an actual mine, a refinery, or a depository, etc.). Disconnected useful idiots are plenty in number, Jesse https://youtu.be/EJc1jVGl3hA?si=c9sinXABQV9QMjU8&t=90

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jack collins's avatar

Nice work Jesse. What everyone wants to know is what will cause the bullion banks to loose their grip on manipulation- at what point do bullion banks loose their power of flooding the exchange with paper silver.

When might the 1rst exchange for fiat money instead of real silver delivery impact the market?

I wish you well.

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Jesse Colombo's avatar

Thank you. I explained it toward the end of the video, but basically I see the persistent deficit leading to a situation where silver can no longer be suppressed below $33, resulting in a breakout similar to what happened in gold a year ago and then there will be no looking back.

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Bartimeus Capital's avatar

You are right Jesse, this is manipulated.. When will it change? Why the price will go up?

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Bartimeus Capital's avatar

Yes, thank you, appreciated

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Jesse Colombo's avatar

👍🏻

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Jesse Colombo's avatar

I explained it toward the end of the video, but basically I see the persistent deficit leading to a situation where silver can no longer be suppressed below $33, resulting in a breakout similar to what happened in gold a year ago and then there will be no looking back.

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Mr. Simon Field's avatar

Very good indeed

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Jesse Colombo's avatar

Thank you!

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Zoltán's avatar

I got a quick question for you guys. I usually buy my silver from local bullion shops. I'm from a European country, where buying and selling PMs are quite liberated, but required to pay VAT after sales, not to mention any taxes you realize after selling with profit. The spreads are kinda huge when go to authorized sellers due to VAT. Recently I noticed many bullion shops here wants to pay way lower prices if you bring individual silver coins, and not brand new, sealed packages with multiple coins.

What are your opinion, how will a skyrocketing silver/limited supply/availability influence this kind of greedy behaviour of bullion shops? In my opinion its NOT okay to offer a purchasing price of minus 30 percent for individual coins which are a bit old or worn.

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