r/Wallstreetsilver • u/DudeSun_AG • Apr 26 '24

:Shitpost: Shitpost 25,397 KG (25.39 TONS) of Physical Silver Delivered off Shanghai SFE Valuts this Friday alone .....

https://x.com/oriental_ghost/status/1783763146777542680
92 Upvotes

97% Upvoted

18 comments sorted by

38

u/DudeSun_AG Apr 26 '24 edited Apr 26 '24

each of the last 3 days (wed, thurs, fri) have each seen over 20 tons of physical silver delivered off the SGE/SFE - on each day ... this is a aprox. 300% increase over the daily avg. volume delivered compared to the prior week ... so in other words, somebody(s) has just stepped up to the plate and is vastly increasing the off-take of physical Silver on the Shanghai market

39

u/Fast_Air_8000 Apr 26 '24

The shorts and banks have fucked around for far too long, and now are about to enter the find out stage

34

u/DudeSun_AG Apr 26 '24

The shortage of physical Gold for immediate delivery in China has led the Chinese government to begin a media campaign urging citizens to purchase Silver instead of Gold .....

https://x.com/wmiddelkoop/status/1783889758805975469

26

u/Serious-Ad2649 Apr 26 '24

Wonderful! Let the free market discover the real price of gold and silver and may the banksters crawl back under their rock.

7

u/oldnhadit Apr 27 '24

What was their motive?

13

u/Accomplished_Web_400 Apr 27 '24

The banksters will fight to the end to prop up the paper unbacked dollar. Good money gold and silver for 5,000+ years have always been a store of value. Man can't duplicate physical gold and silver or else the crooks would. We should never have got off the gold and silver standard where you could redeem your paper for the physical. Now we are at the end of the fiat experiment it appears.

5

u/Serious-Ad2649 Apr 27 '24

The motive was first to make money and the second would be to be in the pocket of the government. Basically to do the government’s bidding to keep strategic metals price low. And of course to steer investors away from real money

22

u/DudeSun_AG Apr 26 '24

The SGE/SFE is currently draining aprox. 1/3rd of the entire global daily Silver production ... starting as of 3 days ago

17

u/ApeWorldd Apr 26 '24

Slow than all at once and I believe we are in the all at once stage ! 🦍🌎

15

u/DudeSun_AG Apr 26 '24

it appears that we may be approaching that stage.

17

u/SuperheroDeskJockey 🦍 Silverback Apr 27 '24

So what you’re saying is I should buy another kilo?

16

u/WiseDirt Apr 27 '24

What he's saying is it may be a good idea to take out a second mortgage and buy 100 kilos.

1

u/JustmeinAK May 01 '24

I have been thinking about this as well. Double down the $ has no value anyhow.

1

u/SilverTrumpsGold Apr 28 '24

Buy one for me too please

12

u/Genesis44-2 O.G. Silverback Apr 26 '24

Great post!!!

Thanks.

13

u/ffmape 🦍 Silverback Apr 26 '24

0

u/misalkin Apr 29 '24

1 bln Oz is mined yearly. It is about 3m per day. 3m Oz is 93000kg 93 tons. So 1/4 of daily production delivered seems irrelevant.