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David Bateman
@davidbateman
Here are the reasons I invested close to a billion dollars in precious metals over the past six months—including the purchase of 1.5% of the annual global silver supply (12.69 million ounces) :

The global monetary system is about to collapse (The Great Reset, or Basel Endgame).

The biggest credit bubble in history will soon pop ($300T).

There is no way the US can refinance its $28T in maturing treasuries in the next 4 years without an obscene amount of printing.

Trump tariffs are hastening the collapse, and it’s by design.

Gold and silver are the only meaningful life raft. Physical possession is everything.

The whole world right now is a sophisticated game of musical chairs; the chairs are precious metals.

Crypto is a psyop. Those who purchase will have no chair when the music stops.

Real estate, crypto, stocks and bonds will all lose significantly compared to precious metals.

The banking system has been meticulously designed to seize your assets to buoy up a collapsing banking sector (see The Great Taking). You have ZERO counter party risk with precious metals.

I’m up 20% already, on most of my purchases.

This is not a drill. Your grandkids someday will either muse or lament this financial decision you’re now faced with. Don’t fail them.

Not financial advice. For educational purposes only

https://x.com/davidbateman/status/1906685544953762109

https://x.com/acrossthespread/status/2003287603488129265

SM starting to weaken. $70 won’t get breached without a fight.

Looks like the line in the sand right now is $70.50 or so.

There may be some folks on the Crimex that have a problem.

Interesting. We spent all night below $70 and just before the Crimex trades, someone initiates a squeeze?

Maybe we’re seeing the sharks circling a short, overleveraged bank or two? Who else has the strength to do that right before the Crimex opens?

I think we probably should expect another margin hike in the silver market soon. If it gets really bad, they’ll just halt trading. Some folks have to be bleeding badly.

Platinum up another $70.

They don’t have any reserves yet. It is a billion ounce silver equivalent, 361m oz @ 13.68g/t silver and 10.6m oz @ 0.401 g/t gold, measured and indicated resources.

like you we are in the ‘burbs and can’t really move back to the country. We use a 2kW inverter running off the little diesel car at 1,100 rpm, powers the lights, internet, TV and fridge. Wood stove if we need heating, and BBQ/camping gear for cooking. The car uses about 5 litres per 15hr day.

Or better in that weather and no need to run back and forth outside is install a small wood burning stove in your kitchen or living room. Have wood in hand, I put it in a large covered trash can next to my back door so when I was running low next to the fire place I could just go to the back door and grab one plus not worry about critters hiding in the wood pre checked for black windows picked and sealed. But then I had a annoying over protecting dog at the time who even if I left her inside her paws would jump around the door and lock me out! My fence locked luckily I could jump the fence then and had a emergency key. That dang dog so I stayed inside when it was the coldest without worrying about that.

I don’t mean to interfere with your question to eeos but your probably better off and safer having someone experienced with electrical and HVAC to attach a cord to your power source since there are different types of to a generator maybe a electric via solar power your caf or generator can charge. Simpler version to charge a portable electric heater..

CP Executive train
https://www.railpictures.net/photo/891553/

Re HYMC…he more than mentioned it…from memory he said they have 1 billion oz Ag of proven reserves …so if silver hit 100, they have $100 billion and as of last week they were worth under $ 1 billion……

Very interesting, but beyond my scope. Do you suppose you could make it a little simpler for us old tech-challenged sorts? Like a few links to the equipment you’re talking about? Could what you describe be adapted to an old, solid masonry brick house in the city, built in 1940? I do have concerns about all sorts of things coming down the pike because I live in central part of major mid-western city, and will not be moving at age 72.

I suspect it may have gone up because Sprott mentioned it as one of his holdings in his latest podcast interview

Re HYMC……nice one…..that ‘gut feel’ of yrs is still cooking….I see.

Ps I see it was off the Highs….but only up 49 % …maybe some shorts are still at it !!!

Trump abruptly shuts down wind projects over mysterious ‘national security risks’

https://www.dailymail.co.uk/news/article-15406323/Trump-shuts-wind-projects-national-security-risks.html

I don’t think we want gas-powered generators in the future, because they make too much noise, they have to be refilled too much, and then people know. I think it’s far better to have a couple Powerwalls and a natural gas generator such as a Kohler that sits in a vault. You can run the generator sporadically just to charge the power walls, so you’re not running the generator 24 hours a day. Out of sight, out of mind. Natural gas is an endless supply, and as long as there’s pressure on the pipe, we’re good to go. Solar would dove tail into a battery system nicely too. If they cut natural gas, you can move, propane or gas, just by changing the fuel injection settings. I mean if this is the case and you have paranoid neighbors you can all go in on one generator and basically rotate the generator between the battery packs on everyone’s houses and you have an infinite power supply.

They’ve had the mountains turned off for about five or six days along the foothills in Denver b/c of high winds and fire danger. People are mad, but they need this system, exactly that I’m describing. In fact, all of my new home builds above 6,400 feet in elevation need backup power and fire sprinklers (and a long list of fire-resistant details) now because of the Wildland Urban Interface (WUI). It’s a new code provision brought to you by the insurance companies!

Something else I did was that I wired a pigtail cord end onto my furnace power supply, so that I can run my forced air furnace fan, combustion exhaust fan, igniter and the smart thermostat from an extension cord. I use a DC/AC converter in my car and run a 120V cord into the house. My car has a remote start and I can start the engine to recharge my battery. It works. Heat without power.

So you can tell that video below me is made by the China Man, because those fools can’t afford this type of a setup. It’s financially over their heads and comprehension. haha. Electric cars, same thing, you have essentially a rolling battery pack. Electric car= good and smart.

As warned when it became obvious data centers are more important than your air conditioner … don’t be surprised if they shut you off this summer …

Get a generator and lots of gas.

Have a nice day

Better tell yr aquaintance to keep his passport upto date……as when the next election happens all that Solar crap is going out of the window !!!!!

I expect Robotics and the new Solid state batteries to more than make up for the solar loss, in silver consumption.

On the move since Friday. I would post a chart but I never get it right. My issue to figure out.

I don’t post much but I have to be in top 1% of lurkers.

Also, Pirate Gold YARR, moving lately also. I had lunch with CEO the other day, compelling story out there on the rock.

MG

Wot a day! 🙂

Re: Hycroft … I don’t have it either … You can’t dance with all the girls!

Maddog – thanks. Seems momentum is picking up in gold the last couple sessions.

eeos – nice friend. He’s going to love the U.K. Maybe he’ll be able to pick up a job with one of the jihadi’s.

Lucky me, I bought 200 shares on Dec 11 at $15.22. But who cares all my old miners are all way up for years now, I’m sure all of you are also way up.

Re Hycroft……nor me…how I wish I had listened earlier……he must have talked about it when it was sub $ 5…..grrrr……

Still can’t have ’em all… the action recently has been magical……and with so much more to come, as the shares are trading like they don’t believe….plus if you look at Plat, you can see what years of shorting a thin mkt can do, when it turns…..

It wud not surprise me that in Plat etc, they have sold and sold, always making money, so just kept adding, but in thin mkts…now they want out, there is nothing on offer, in size, so every day they bid and get a bit, but stop when it has run up say 5 or more %………I have never seen a mkt rise so fast as Plat…….except near a blow off top and these are not blow off tops….

The shares could well run the same.