Banks Short 4 to 6 BILLION Oz Silver 'On Borrowed Time': Andy Schectman

[@jeffbryan3224]

I have a bar of AG stamped UNITED STATES STRATEGIC SILVER SUPPLY. It's a prized possession because NOW it's in MY STRATEGIC SUPPLY!

[@durendalebattlefieldtours6773]

Lucky you

[@lrhomesold]

I give Andy a lot of credit to regurgitate same thing for 4 years now

[@johnellacott878]

A true believer.

[@Maryellen514]

Go Andy....Go Andy.....Go Andy.....thank you for having him on Jesse. God bless you both.

[@jonathanm5661]

If I had a silver coin for every time I heard the silver shorts were on borrowed time the last 10 years-I’d be rich.

[@victorfontaine4943]

It’s needed for thousands of applications. The supply is dwindling. Demand is going up and the price is going down…

[@darinthesecularspiritualist]

I'm buying eagles aggressively cuz mint not making them

[@pl3317]

The same for many coins. Look at the price now of bullion libertads. 1998 1 Oz already 600 USD, 1999 250 USD. You can gain from rarity on 2 sides.

[@michelletinalouie]

Mind blowing content! Never thought about why the big banks are shorting silver, to keep the business of war cheap. Thank you Andy, you’re the only one who ever talks about the stuff in between the lines.

[@PRyan_Limerick]

'Draining' Physical Silver 'little by little by little'. Then all at once, the reserves are critically low !! What then?

[@billbarney4937]

the price goes up and you will benefit if/when you sell

[@PRyan_Limerick]

@@billbarney4937 To Benefit? To Sell? Only if the 'fiat' price as sold is higher than inflation. Otherwise purchasing power is diminished. Unless you can buy at least as much goods & services (as before) then only at a 'loss' ! (unfortunately !)

[@germanwiscovitch2863]

Thank you Andy, for real news you too Jessie.

[@Jim-s1f4p]

Listen to Andy. He knows what he's talking about.

[@christinestephenson1742]

About 3 years ago when silver was much less, i gave pur kids each 10 ounces of silver and told them just to put it up and store it, which they did. This year I bought each of them a commemorative one oz silver coin of Trump, 47th president. Im hoping someday it will be worth something!

[@JohnOelrichs]

I did same with Trump 47th!

[@pdel303]

I am not a bot. And appreciate you havng Andy on. Straight shooter.

[@conspiracystacker]

I am a bot and i appreciate your human comment.

[@chriseustace9734]

Simple question Why are banks shorting silver instead of accumulating it and being on the winning side?

[@PlatinumNW]

I think so they can accumulate it themselves at low prices before fiat collapses. IMO

[@michaelk1403]

I don't mean disrespect, but I don't see the logic in your response. I have the same question.

[@dobeeeeval]

I've always thought it's because they have so much exposure to the industrial purchasers of silver that it's more profitable for them to suppress the price than to simply purchase and hold.

[@michaelphillips3811]

Initially, they were suppressing the price at the behest of Governments. Now I think Government is leaving them twisting in the breeze. Now, they are desperately trying to reduce their naked short position. Nobody emphasizes that to close a naked short position you have to find players who are willing to SELL TO YOU! Closing shorts too aggressively ramps price, this brings in more BUYERS when you need more SELLERS!! So when the bank CEOs, appraised of huge losses, tell traders “close your fucking positions!” they reply “we can’t, without driving the price up and sucking in buyers not sellers”. They are stuck. That is why one of the exchanges will declare “force majeure” and cancel contracts. The other two will follow suit in hours and then the madness will begin. Own physical.

[@douglasanderson7301]

Junkies always plan to but don't

[@skynetsworld]

This "500 ounces in a Tomahawk missile" i have heard so often and believed it less every time, after i started thinking about it. 10-15 ounces is more likely.

[@dy4221]

I thought it was a crazy high amount too, so I did a search on line and sure enough it’s 500 ounces.

[@lanier1000]

I've seen a single power lines coming into old homes that are pure silver which go directly into the electrical panel. There's more than 15 ounces in that one line. So, a missile using more? Like 500? Yes, I definitely think so, but that's just conjecture on my part. .

[@skynetsworld]

@dy4221 Not 487 or 514 but exact 500 ounces!? The exact(!!!) amount of a US Silver Eagle masterbox!? You really don't think this sounds like it has been made up??? Who wants to construct a missile and puts 500 ounces of unnecessary weight into it? Last but not least you should consider that a whole EV(!) countains just the amount of about 2(!) ounces! Ok, maybe i'm wrong, but i can't believe it and i don't want to believe it, because that would a waste/shame.

[@lanier1000]

@@skynetsworld I've heard it's 485 ounces more than one time.

[@Thomas-wl2qs]

​@@dy4221Do you have a source for this?..

[@myobboy9973]

3.5 times annual production per business day is a turnover ratio of 875 times production, forget 3.5. We should not confuse days with years, they are quite different time periods.

[@bh5037]

The answer is : leveraging their bonuses whatever it takes as they do not fear any consequences - too big to fail - taxpayers will bail them out ! for granted !!

[@ILLUMINATOR49]

Always a great presentation 👍🖖

[@dwaleka]

Silver price and miners beg to differ !

[@30yearstockcycle]

Banks are short. Every trade has a counter party. So who is long? Then the question is: who is usually right?

[@minime8048]

Who told you they was short ??.. Andy ??.. do you cross reference Anything ?.. right .. i heard it from a guy ,from another guy, then some women... that heard it from the shoe shine boy .. that heard it from a taxi driver that stopped at the doughnut store ....he told me to tell you ..... yeah your right .. the banks are short 🤣

[@link.650]

The suppres of info. TY for the education

[@thomasstrain5503]

what a great guest!

[@77loneranger]

Whether it's a little or a big pile at a time, keep stacking.

[@AngelEyes-xm7el]

Silver is like a roll of toilet paper plenty to start with then over time it goes faster near the end. Silver is 3/4 of the roll gone. Then they can no longer manipulate metals.

[@mdawson12345]

So much helpful info given clearly and concisely. Thanks Andy.

[@ronjhorton]

Thanks Jesse 🙏

[@clintcowan9424]

Hi I'm from the banks risk management department. We do not monitor metals. Have a great day!

[@traderdon925]

I always learn from Andy Schectman. He is so knowledgeable. It like going to a class on knowledge.

[@davebankes612]

How does the control/manipulation ever stop, do not see any way it ever does.

[@cultleader3572]

It doesn't

[@rodpanhard]

It only stops when physical silver supply gets so low that the fake paper price is not suffucient to fill real demand for real silver,

[@markstubbert7679]

I've suspected for years, now that the big bank's silver short position is indemnified by the Treasury or Fed. Their short position has worked for so long without serious repercussions, there is no reason for them to believe it won't continue. It would take a sovereign(s) to turn this upside down. If their short position is this large, then it's an Achiles heel of the financial system and an obvious target for any sovereign wishing to impair the system.

[@jerryantonies5334]

Andy, spot on as usual. Don’t get frustrated you are totally correct and “the end will justify the means “.

[@cottonclarksa]

I love Andy’s depiction of our American economy’s need to have a “Shawshank Redemption” moment to correct things. Yes, it is a raw and crude comparison, but it is the truth. Thanks for the insightful conversation… lots to digest here.

[@trevordowney6425]

Andy knows full well that none of the bullion banks are going to break rank. The owners of the system would NEVER allow it.

[@user-cp1jg5ut3t]

According to the U.S. Navy, the Tomahawk missile contains a total of 0.012 pounds (5.44 grams) of silver. This amount is relatively small, considering the missile’s overall weight of approximately 2,500 pounds (1,136 kg). Here’s a breakdown of how the silver is used in the Tomahawk missile: Electronics: 0.005 pounds (2.27 grams) of silver is used in the missile’s electronics, including components such as switches, contacts, and connectors. Coatings: 0.004 pounds (1.81 grams) of silver is used as a coating to protect the missile’s components from corrosion. Other applications: 0.003 pounds (1.36 grams) of silver is used in other applications, such as in the missile’s guidance system and warhead.

[@raystan5489]

Why is the price of silver low?

[@Doc02864]

Bank gov manipulation

[@dtrout]

I don't see the suppression of silver prices for missile manufacturing. Several comments say 15 ounces might be in a missile but not 500. If I am the bank, why would I take a financial risk to benefit Raytheon or Gen Dynamics etc ? Why would a bank buy massive short positions that they can and have been historically prosecuted for doing? Could it be that silver is an industrial metal and we are headed into a recession that would drastically reduce demand for silver and the price was recently at a multi decade high ..... and they anticipate a silver price collapse?

[@gordon7641]

Shorts have been out of time for the last 10 years

[@scottssales5133]

Can you please enable the CC for this video?

[@QuaaludeCharlie]

$110.00 an Ounce Silver .

[@victorcaldwell2900]

Based upon the historical ratio of 16 to 1, it should be about 150 bucks per

[@nothanks7892]

Andy's voice sounds like Lon Chainey... strange irony that he sells silver.

[@bkfabs]

Andy is a very smart man

[@lrhomesold]

Been hearing this forever , bla bla bla , don't hold your breath

[@matteng2332]

What price are the banks wanting silver to be at?

[@danielzwiren3238]

$10

[@Silvereagledude]

Good stuff

[@danzwiren1492]

The headline should read: Silver longs have been duped for years. Shorts are making money. Investors are not.

[@anupamsircar111]

The discussions should be on governance: How it is that the BIS is allowed to be such a secretive organization allowing such open manipulation, how we can demand from our governments 100% transparency in all financial matters, and whether or not our institutions run with public money have the right to fudge and not disclose all financial and economic data. Unless this is done, there is a clear risk that people all over the world will move away from the present financial system and start alternative systems. The moves to step away from holding fiat currencies, the weakening of banking systems, ideas about a BRICS currency, and people privately hoarding land, precious metals, and other things that they consider real stores of value are pure indicators of the erosion of trust and confidence in the current non-transparent system.

[@14Unow]

You won't break the Comex charade any time soon.

[@victorcaldwell2900]

Maybe "we" can't, but China and Russia just might. They are purchasing as much as they can get, even at a premium.

[@UkpeneBlessing-v9y]

Good information thanks☺️

[@Ty-lz3iz]

I’ve been hearing this stuff for so long. I’ll believe it when I see it. Been investing in silver for the last 15 years and it’s been very disappointing

[@dxer22000]

all those at the top are just crooks - petty thieves

[@CraigDavenport-fb1ef]

We need to ask chase bank what's up.😊

[@darinthesecularspiritualist]

More emphasis needed on current silver shortage

[@jetset8090]

There's no Silver shortage its a hokes.

[@horsey8516]

Modern Investors want a Modern Precious Metals Market. 🐴

[@reinhard7572]

Physical (production and already out in market) means absolutely nothing to the "price" of Silver...when will these people explain that better!!

[@Stowitx]

@andy enough of your scare tactics. Based on what you're saying, there's no reason for russia to triple down on physical silver and cause a massive financial collapse. Why aren't they? 6:10

[@danielzwiren3238]

these silver promoters and podcasts make good points but the silver price has not responded. Fact, if you invested in silver, you are a loser vis a vis gold, bonds and many equity sectors. Silver has been a nightmare. And it is not an extistential threat! The banks control it. We the bag holders are the ones being hurt.

[@AJ-ox8xy]

We've been at critical levels for awhile. Feels like it never ends. Although I suppose thats a good thing for now.

[@kentuckycowboy7660]

💯 ❤ #President Regan put it best… and we are at that apex…. #Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children's children what it was once like in the United States where men were free. -Ronald Reagan 🇺🇸

[@chadcornick4655]

Silver is the key STACK STACK STACK!!!

[@mr.bullion6786]

Who is on the other side of these short contracts?

[@darylhankemeier3564]

Mr. Schectman said several times these are naked shorts, so no one.

[@mr.bullion6786]

@darylhankemeier3564 Are naked shorts legal?

[@dawnblack7957]

I really wish Trump had someone like Andy, or specifically Andy, in his cabinet. Andy rocks.

[@kno1king190]

Is Jesse Day related to Adrian Day?

[@danzwiren1492]

banks can be short any amount they so desire. Silver will not move up!!!

[@hawaiisilver9141]

Andy ‘full of’ schectman

[@13MAM13]

These miners HAVE TO hold silver on their balance sheet in case of a currency crisis. Whatever they can

[@johnmckenney2244]

We have figured out the WHY for suppression, however given that reason.. I don't ever see it ending.

[@warwickfrederikson7088]

The Global south is anywhere south of Gibraltar.

[@stevenrowlandson9650]

Most if not nearly all of those trades are paper trades.

[@YN-ze3jy]

I think people are genuinely struggling financially this year that’s why demand is weak ..?

[@Streamlined955]

Wow, after watching this video I’ve decided to allocate a portion of my investments to silver.

[@darinthesecularspiritualist]

I bought 6 eagles at 36.33 apiece

[@HenryB-r7q]

Buy a TRTL30x6 safe and don't tell anyone you have one!

[@roslyntchakedjian927]

If you don’t hold it you don’t own it ….Lynette Zang Just remember where you hide it & don’t develop dementia. 🙏😊

[@superapex2128]

If silver is ever declared a "strategic" metal in the global marketplace, say goodbye to its monetary value FOREVER - not good for silver stackers! WAKE UP, PEOPLE!!!

[@planto80]

So it’s better to have paper instead of silver 😅👍

[@Jim-s1f4p]

Black market...

[@superapex2128]

@@planto80 If that's what you read into what I wrote, no wonder you're mixed up!

[@josephpurdy8390]

How much would it cost to have a congress person? That pounds on the table demanding their state's allocation of silver be delivered to their state's treasury vaults. United States Mint isn't producing nearly enough. If a dozen states put less than 1% of tax revenues toward the purchase of American Silver Eagles. If there is a shortfall in production. The state sells directly to state citizens for an even higher premiums. Then, charge even more for customers whom are not a citizen of that state.

[@PlatinumNW]

Like lithium? That became strategic and 20x in prices last few years?? We are awake…

[@jshellenberger7876]

Good morning everyone. I hope to get some strange today. #POW

[@CraigDavenport-fb1ef]

Why are banks allowed to short silver?😊

[@planto80]

I don’t know but lot of stupid sellers sold me some real silver this year thanks to this stupid shorts. Anyway once you understand what a federal reserve note is… there’s no way back

[@Jim-s1f4p]

The LBMA and COMEX were established as manipulative systems. Look into who set them up and that answers your question and who it serves.

[@1911olympic]

Oh, I see. That must be the reason that silver dropped $1,50 or 4.5%(!) almost as he spoke. You bunch of clowns.

[@alicecoppers8980]

What do you know about the 83 Billion gold mine in China using robots and computers to dig 2000 ft down.

[@Darrin-h9f]

not feet, metres

[@davevasuta]

Rodgers is waiting for the big drop then he will step in.

[@fernmoss-456]

Sick of holding silver shares.

[@GulfIslandRock]

HOLD PHYSICAL SILVER AND GOLD … NOT ON PAPER

[@danzwiren1492]

yet, the shorts continue to control the market. Click bait!

[@Popnpoff]

Hey bro u need a better 🎤 microphone

[@vincecomo4306]

All the knockers of silver remind me of the experts in 1929, like cab drivers and shoe shine boys advising their clientele of the next hot stock tip. Israel Friedman, late mentor to the late Ted Butler, answered the question of when would silver be finally freed to reach its true value. The answer? Only when a true physical shortage finally occurs. The “suddenly” moment for this important metal, that forever remains precious and rare, is upon us. The move is going to shock the nations. By the time the majority wake up on the starting blocks, silver will have already burned through the (Stage 1) 100 metre finish line. The long withheld (suppressed) energy of Ag will not stop as it tears through the 200, 400, 800, 1500, 10000 and 15000 metre sprint, medium and long distances. Sell it now at your own peril. Buy it now to preserve your ability to put food on your family dinner table, keep the lights on and then maybe even help family, friends and loved ones.

[@fasteddy6170]

SILVER Institute and Metals Focus short Holy SILVER. THEY were told to back down oh and Wiggy from CPM Group

[@Doug-g8i]

Never take opinion to be fact. Silver is like the sleepy old dog that lifts its head every now and then and promptly goes back to sleep. You’d be better off buying ALAB or TSLA and be more like AppLovin APP. 🌪️

[@kentuckycowboy7660]

National Defense Requirements for a #Silver Stockpile LCD-79-410 Published: Apr 10, 1979. Publicly Released: Apr 10, 1979. Highlights: The United States stockpiles 93 commodities having strategic and critical importance to national defense. To determine stockpile policy and goals for these commodities, the Federal Preparedness Agency (FPA) of the General Services Administration (GSA) uses a mathematical model to estimate what the requirements of the Nation's wartime economy will be. The FPA modifies the model based on inputs from the Departments of Commerce, Defense, State, and the Interior. Inputs are estimates based on data showing what past experience has been and expert judgment as to what a future situation could be in time of war. In 1976 the FPA determined that the Nation's silver stockpile of 139.5 million troy ounces exceeds national defense requirements. GSA has requested congressional approval for the phased sale of this inventory.

[@stevenmccallan9202]

With Trump, the dollar will continue to get stronger and this will result in silver going lower and lower. This is the reality of the situation. Silver will soon be in the $20s and at best , stay there or if not, go into the teens.

[@victorcaldwell2900]

And I will keep stacking. Love that news

[@garyblake1237]

😂

[@jshellenberger7876]

See the Silk Screen. #i99

[@garyrindt9863]

Bitcoin has out performed silver.

[@minime8048]

Strange world where nothing is worth something .. and something is worth nothing... whats not to like 🤗

[@LIBlurr]

I thought Naked Shorting was Illegal?

[@davevasuta]

not for the makers of the rules.

[@mistercut8331]

if not it should be

[@Jim-s1f4p]

Corrupt to the core.

[@kamdianatkhah843]

Banksterbbbs will go down between 2024ff

[@fasteddy6170]

JAPANS SAMSUNG OBTAINED Holy 9999 SILVER for battery when there is abundant Oil SILVER is being Missalocated

[@shammusomalley8986]

silver is the worst performing "asset" of all time. Maybe it's you who is out of time.

[@thunderbird3694]

Read "Every Unified Republican Government Ever Has Led to a Financial Crash"

[@jetset8090]

Silver Shorts are out of time HA Ha ,so are Silver longs ,you arseholes have been pushing silver forever to no avail.

[@Juandeer-z3o]

🥱

[@markmainzer2158]

What realistically should the silver/gold ratio be? Currently, it is roughly at 85/1.

[@cwiemers5037]

7:1 to 16:1 historic ratio

[@markmainzer2158]

@@cwiemers5037 Crazy...10-1 puts the price at $260/ounce. Shows how suppressed they have kept the price.

[@Darrin-h9f]

As an industrial metal I don't think the ratio has much meaning but if it ever becomes a monetary metal in a bi-metallic standard monetary system then the ratio would have to be much more narrow (10:1 to 20:1) for silver to have any value to that system.

[@victorcaldwell2900]

Historically its 16 to 1. It is coming out the ground at 7 to 1

[@victorcaldwell2900]

​@@cwiemers5037crazy you say that. The historical avg IS 16 to 1. And it is currently being mined at about 7 to 1. It is going to moon. Just a matter of when

[@k9slayer]

surely the banks shorting are filling up their boots in the background when SHTF?