Silver: Massive capital withdrawal from the largest ETF. ☝️
Within a week, silver investors withdrew almost half a billion dollars from the iShares Silver Trust. The largest gold fund also lost more gold.
Historical gold price
The price of gold reached its most recent all-time high in US futures trading on Tuesday at 2,407.80 US dollars. This corresponded to 2,267.02 euros. In contrast, the price of silver, despite its recent clear upward trend, is still well below its record level, which dates back to 1980. Based on the London reference rate, it is 49.45 US dollars per ounce. In 2011, the price came closest to this mark at 48.70 US dollars. And for me, the best real example is the year 1980 and 2011. That is exactly where you can see the real value or price that silver would have in the world. If the banks didn't constantly manipulate the prices of EM with their paper crap and funds and ETFs in collusion. 🤥
That's why I got rid of all shares, everything that had to do with banks and paper. I've experienced too many human crises that were all deliberate and self-inflicted. So a total rip-off, in my language, if I can put it that way. 🤦♂️
You can be as clever as you are smart. But this system will catch up with everyone, it's just a matter of time. ⏳️
