SD Bullion - Run #1541
Reporting Date: 2026-08-15
Completed
Run Details
- State
- Completed
- Started At
- August 22, 2026 at 09:19 PM
- Completed At
- August 22, 2026 at 09:22 PM
- Duration
- 3 minutes
- Headline
- Damning Data for $1,000 oz Silver Long Term
Data Preview
{
"title": "Damning Data for $1,000 oz Silver Long Term",
"filter": {
"keywords": [],
"match_mode": "any",
"match_fields": [
"title",
"description"
],
"semantic_filter": true
},
"source": "youtube",
"channel": {
"url": "https://www.youtube.com/@sdbullion",
"title": "SD Bullion",
"handle": "sdbullion",
"channel_id": "UCUOFyNJ-2WrJ028wRbm2dAQ"
},
"matched": true,
"insights": {
"risks": [
"Michael Oliver's silver price targets ($300 by end of summer 2026, $1000 within a year) are unlikely to be met, potentially fueling \"naysayers.\"",
"Systemic market crimes and manipulation in precious metals markets.",
"London float for silver may not be able to handle India's demand without lease rates exploding."
],
"topics": [
"Gold",
"Silver",
"US National Debt",
"US Budget Deficit",
"Central Banks",
"Currency Devaluation",
"Commodities",
"Energy Sector",
"Sports Betting",
"CME Group",
"Futures Trading",
"Retail Derivatives",
"China Gold Demand",
"China Silver Imports",
"India Silver Demand",
"AI Demand for Silver",
"Gold Silver Ratio",
"S&P 500 / Silver Ratio",
"US House Price / Silver Ratio",
"London Gold Fix",
"COMEX Gold Futures",
"COMEX Silver Futures",
"Copper Futures"
],
"summary": "The video highlights the alarming growth of US national debt, nearing $40 trillion, and its historical correlation with rising gold prices, which have quadrupled since 2015. It details gold's recent breakout from a consolidation phase in August 2026, driven by factors like Chinese demand and concerns over bond yields. The speaker also discusses silver's potential for significant gains, citing growing industrial demand from AI and India's increasing imports, while criticizing overly ambitious nominal price predictions and advocating for physical bullion as a hedge against systemic market manipulation and currency devaluation.",
"entities": [
{
"name": "United States",
"type": "region",
"context": "ballooning record debts and unfunded liabilities, US national debt, US budget deficit, US Treasury"
},
{
"name": "Western world",
"type": "region",
"context": "ballooning record debts and unfunded liabilities, retail derivative trading casino"
},
{
"name": "Gold",
"type": "commodity",
"context": "price chart, price bottomed, price quadrupled, price climbs, consolidates, breakout, purchases, futures, bullion, spot price, London fix, New York Intraday Gold Index"
},
{
"name": "Silver",
"type": "commodity",
"context": "nominal price precedents, year-to-date performance, futures, bullion, spot price, ETFs, imports, AI demand, Gold Silver Ratio, S&P 500 / Silver ratio"
},
{
"name": "China",
"type": "region",
"context": "accelerating gold purchases, Chinese dip-buying, gold demand, annual retail investment, silver imports, trade surplus"
},
{
"name": "Iran",
"type": "region",
"context": "Iranian conflict"
},
{
"name": "Japan",
"type": "region",
"context": "Yen intervention, selling Treasury holdings"
},
{
"name": "Gen Z",
"type": "concept",
"context": "sports betting competes with investing"
},
{
"name": "Boomers",
"type": "concept",
"context": "aging out, largely owned homes"
},
{
"name": "CME Group",
"type": "organization",
"context": "launched 24/7 gold futures, seeks 24/7 trading of silver futures"
},
{
"name": "Bloomberg",
"type": "organization",
"context": "source for various data, soft paper metal advertisement"
},
{
"name": "Michael Oliver",
"type": "person",
"context": "claims $1K silver is a real possibility"
},
{
"name": "India",
"type": "region",
"context": "Silver ETFs, silver demand, silver imports"
},
{
"name": "London",
"type": "region",
"context": "London float, LBMA vaults, London Gold Fix"
},
{
"name": "John Exter",
"type": "person",
"context": "economist, division head for Federal Reserve, described marketplace as crime and punishment world"
},
{
"name": "Hunt Brothers",
"type": "person",
"context": "scapegoats for COMEX market shutdown in 1980"
},
{
"name": "Copper",
"type": "commodity",
"context": "future price exploded"
},
{
"name": "S&P 500",
"type": "other",
"context": "stock index, S&P 500 / Silver ratio"
},
{
"name": "AI",
"type": "concept",
"context": "demand for silver, AI buildouts"
}
],
"sentiment": "bullish",
"confidence": 1.0,
"key_points": [
{
"point": "The US national debt is nearing $40 trillion, having more than doubled since gold bottomed in late 2015.",
"timestamp": "00:15",
"importance": "high"
},
{
"point": "Gold prices have more than quadrupled since late 2015, despite the doubling of US national debt.",
"timestamp": "00:27",
"importance": "high"
},
{
"point": "The US budget deficit for July 2026 was $432 billion, contributing to the growing national debt.",
"timestamp": "00:43",
"importance": "medium"
},
{
"point": "The cost of servicing US debt has increased by 197.85% (24.38% annualized) due to rising interest rates.",
"timestamp": "00:57",
"importance": "high"
},
{
"point": "Gold's historical price climbs are mostly fueled by governmental defaults and currency devaluations, a cycle that is expected to repeat worldwide.",
"timestamp": "01:14",
"importance": "high"
},
{
"point": "Gold traded in a tight consolidation range between $4000 and $4200 per ounce for most of June and July 2026.",
"timestamp": "02:24",
"importance": "medium"
},
{
"point": "Gold experienced a breakout on August 5, 2026, trading up to highs above $4400, reaching $4424 by August 11, 2026.",
"timestamp": "02:52",
"importance": "high"
},
{
"point": "The recent rise in gold prices was attributed to Chinese dip-buying and concerns over elevated bond yields, as well as Japan's yen intervention.",
"timestamp": "02:59",
"importance": "medium"
},
{
"point": "CME Group recently launched 24/7 gold futures trading, filling previous weekend gaps.",
"timestamp": "03:34",
"importance": "medium"
},
{
"point": "Outside derivatives largely dictate the day-to-day spot prices for bullion, including gold and silver.",
"timestamp": "03:59",
"importance": "high"
},
{
"point": "India's 18 Silver ETFs added nearly 14 million ounces (+434 tons) in July 2026.",
"timestamp": "06:54",
"importance": "medium"
},
{
"point": "China is on pace to import over 4000 tons of fine silver in 2026, primarily for industrial purposes.",
"timestamp": "07:15",
"importance": "medium"
},
{
"point": "Metals Focus forecasts India will import an additional 4000 tons of silver (128.6 million ounces) by the end of 2026.",
"timestamp": "07:48",
"importance": "medium"
},
{
"point": "Estimated data center and AI infrastructure demand for silver is projected to reach -41.5 million ounces in 2026.",
"timestamp": "08:14",
"importance": "medium"
},
{
"point": "Michael Oliver claimed that silver could not only pass $300/ounce but eventually reach $1000/ounce, with a timeframe of within a year for the latter.",
"timestamp": "08:31",
"importance": "high"
},
{
"point": "The speaker believes that the nominal price of silver is less important than its real-world purchasing power.",
"timestamp": "09:15",
"importance": "high"
},
{
"point": "The Gold Silver Ratio briefly ticked 46 in late January 2026.",
"timestamp": "09:41",
"importance": "medium"
},
{
"point": "The S&P 500 / Silver ratio clipped below 60 in late January 2026, reaching 59.24.",
"timestamp": "10:11",
"importance": "medium"
},
{
"point": "The London Gold Fix has seen its intraday fixings dwindle to $3.97/ounce, while the overnight data has ballooned to over $38,000/ounce.",
"timestamp": "12:46",
"importance": "high"
},
{
"point": "A gold price of over $39,706/ounce would balance China's $1.2 trillion trade surplus from 2025 against its 940 tons of gold imports.",
"timestamp": "13:07",
"importance": "high"
},
{
"point": "COMEX started trading gold futures in 1975 around $175/ounce, and its intraday price data has aggregated to $448/ounce by August 2026.",
"timestamp": "13:51",
"importance": "medium"
},
{
"point": "Copper prices have more than six-folded since January 1980.",
"timestamp": "14:55",
"importance": "medium"
},
{
"point": "Gold prices have more than five-folded nominally since its 1980 high of $850/ounce.",
"timestamp": "15:03",
"importance": "medium"
},
{
"point": "COMEX silver futures price is barely over its nominal 1980 high of $50/ounce, currently around $64/ounce.",
"timestamp": "15:25",
"importance": "medium"
},
{
"point": "Outside COMEX trading hours, the New York Overnight Silver Index has hit a new all-time high of $411/ounce this week.",
"timestamp": "15:49",
"importance": "high"
},
{
"point": "The speaker predicts that bullion and leveraged precious metal derivative markets will go \"crazy 24/7\" in the next 10 years, given current record debts and unfunded liabilities.",
"timestamp": "17:34",
"importance": "high"
}
],
"trade_ideas": [
{
"thesis": "Hedge against systemic market crimes and currency debasement, expecting prices to go \"crazy 24/7\" in the next 10 years.",
"direction": "long",
"conviction": "high",
"instrument": "Physical Bullion (Gold and Silver)",
"time_horizon": "long_term"
}
],
"price_levels": [
{
"note": "Current price (start of video)",
"value": "$4324.02",
"instrument": "Gold",
"level_type": "other"
},
{
"note": "Price bottomed in late 2015",
"value": "$1050",
"instrument": "Gold",
"level_type": "support"
},
{
"note": "High on June 2, 2026",
"value": "$4489",
"instrument": "Gold",
"level_type": "other"
},
{
"note": "Low on July 16, 2026",
"value": "$3986",
"instrument": "Gold",
"level_type": "support"
},
{
"note": "Price on July 31, 2026",
"value": "$4049",
"instrument": "Gold",
"level_type": "other"
},
{
"note": "Upside of consolidation range in June/July 2026",
"value": "$4200",
"instrument": "Gold",
"level_type": "resistance"
},
{
"note": "Base of consolidation range in June/July 2026, prices found floor",
"value": "$4000",
"instrument": "Gold",
"level_type": "support"
},
{
"note": "All-time high on Jan 29, 2026",
"value": "$5318",
"instrument": "Gold",
"level_type": "resistance"
},
{
"note": "Price on Aug 11, 2026 after breakout",
"value": "$4424",
"instrument": "Gold",
"level_type": "other"
},
{
"note": "Spot price close of the week",
"value": "$64.55",
"instrument": "Silver",
"level_type": "other"
},
{
"note": "Spot price close of the week",
"value": "$4375.56",
"instrument": "Gold",
"level_type": "other"
},
{
"note": "Michael Oliver's target",
"value": "$300",
"instrument": "Silver",
"level_type": "target"
},
{
"note": "Michael Oliver's target",
"value": "$1000",
"instrument": "Silver",
"level_type": "target"
},
{
"note": "London Gold Fix to start 1970",
"value": "$35.12",
"instrument": "Gold",
"level_type": "other"
},
{
"note": "London Intraday Gold Fix in 2026",
"value": "$3.97",
"instrument": "Gold",
"level_type": "other"
},
{
"note": "London Overnight Gold Fix in 2026",
"value": "$38000",
"instrument": "Gold",
"level_type": "other"
},
{
"note": "Shadow gold price to balance China's trade surplus",
"value": "$39706",
"instrument": "Gold",
"level_type": "other"
},
{
"note": "COMEX trading price in 1975",
"value": "$175",
"instrument": "Gold",
"level_type": "other"
},
{
"note": "COMEX intraday price data aggregated in 2026",
"value": "$448",
"instrument": "Gold",
"level_type": "other"
},
{
"note": "1980 price high",
"value": "$850",
"instrument": "Gold",
"level_type": "resistance"
},
{
"note": "1980 nominal price high",
"value": "$50",
"instrument": "Silver",
"level_type": "resistance"
},
{
"note": "New York Overnight Silver Index all-time high this week",
"value": "$411",
"instrument": "Silver",
"level_type": "other"
}
],
"time_horizon": "long_term",
"matches_filter": true,
"data_references": [
{
"value": "$39,934,816,207,844.37",
"metric": "Total Public Debt Outstanding",
"source": "FiscalData.Treasury.gov"
},
{
"value": "$40 trillion (projected)",
"metric": "US total debt outstanding ($tn)",
"period": "Aug '26",
"source": "BofA Global Investment Strategy, Bloomberg"
},
{
"value": "$50 trillion (projected)",
"metric": "US total debt outstanding ($tn)",
"period": "Jul '29",
"source": "BofA Global Investment Strategy, Bloomberg"
},
{
"value": "$432 billion (deficit)",
"metric": "US Treasury federal budget Debt Summary deficit or surplus",
"period": "July 2026",
"source": "US Treasury Department"
},
{
"value": "+197.85% (+24.38% ann.)",
"metric": "Cost of Servicing US Debt (Estimated annualized debt payments)",
"source": "Bloomberg"
},
{
"value": "26%",
"metric": "Shares of participants who treat sports betting as a deliberate part of long-term financial strategy",
"source": "Betterment, Bloomberg"
},
{
"value": "52%",
"metric": "Shares of participants who have directed investing funds to sports betting at least once in the past year",
"source": "Betterment, Bloomberg"
},
{
"metric": "China Quarterly Gold Demand (Retail Investment, Jewellery Demand)",
"period": "Q1'20 - Q1'26",
"source": "Metals Focus"
},
{
"metric": "China Annual Retail Investment (Silver retail investment, Gold retail investment)",
"period": "2016-2026F",
"source": "Metals Focus"
},
{
"value": "+13,951,774 oz (+434 tons)",
"metric": "India's 18 Silver ETFs ETPs added",
"period": "July 2026",
"source": "James Henry Anderson (@jameshenryand) tweet"
},
{
"value": "+4,000 more tons of silver by the end of the year (128.6 million oz)",
"metric": "India Silver Demand (Tonnes)",
"period": "2026F",
"source": "Metals Focus"
},
{
"value": "21,190.2 tons",
"metric": "Total Silver Held (London ETFs)",
"source": "LBMA Vaults"
},
{
"value": "7,022.5 tons",
"metric": "Estimated Free Float (ex-ETF)",
"source": "LBMA Vaults"
},
{
"value": "-41.5 million oz",
"metric": "Estimated Data Center & AI Infrastructure Offtake (Million oz)",
"period": "2026F",
"source": "World Silver Survey 2026 / Metals Focus / Oxford Economics"
},
{
"value": "$1.2 trillion",
"metric": "China's trade surplus",
"period": "2025",
"source": "James Henry Anderson (@jameshenryand) tweet"
},
{
"value": "940 tons",
"metric": "China's net gold imports",
"period": "2025",
"source": "James Henry Anderson (@jameshenryand) tweet"
}
],
"match_reasoning": "The video substantively discusses gold and silver markets, including price movements, historical context, and future outlook, aligning with the requested topics."
},
"video_id": "XdXDQaFbqk4",
"video_url": "https://www.youtube.com/watch?v=XdXDQaFbqk4",
"transcript": "This full fiat currency era gold price chart is a helpful reminder of the bigger picture in play. Hidden here is the growing elephant in the room. A ballooning record debts and unfunded liability piles in the United States and the Western world at large. US national debt is a tiptoe away from 40 trillion. It is more than doubled since gold price bottomed in late 2015 near 1,050 an ounce. Despite gold price has more than four-folded since. Keep that in mind later in this week's update as we talk about crazy silver nominal price precedents. I'll take the over on this projection for the US debt. Look at last month's US budget deficit. 432 billion added to the debt pile in just 31 days. Here's the trend. It's getting larger and larger. Boomers are aging out and the cost of servicing this all with interest rates near 5% at the moment, is costing us dearly in terms of deficits and ongoing debt piles. Here's an even bigger picture of where we stand in the rhymes of gold price climbs in time. There's really not much new under the golden sun. It's climbing relative value runs are mostly fueled by governmental defaults and or their currency devaluations. We're staring at that cycle again, but this time it's going to happen worldwide. As far in 2026, the story for winning investors is mostly been in the energy sector. A year to date, gold started in a freakish manner, blowing out multiple standard deviations beyond its normal price climbs. And so the price sell off was understandable. All in all, gold is now back to break even for 2026. Oh, silver, she's still has a little bit of work to do. In our world where young men have been thrown to the mercy of gambling application addictions on the phones, where some of the dullest numbskulls think gambling is being part of their long-term financial strategies. That's no surprise to see both precious metals are now being rushed into the Western world's 24/7 leveraged retail derivative trading casino. You can get it on your phone in your phone app. Here's the soft paper metal advertisement by Comex via Bloomberg. Pushing this predictable product this week. So we still live in a world where outside derivatives mostly dictate the day-to-day spot prices for even bullion. Gold, silver and other precious metals related. And feeling the heat of competition, the Comex is now rushing to try and secure as many retail derivative junkies in their market share as possible. We've seen phantom leveraged gold, silver derivative markets blow price manias in US history before. The meltdown of the fiat greenback near the end of the US Civil War, it's going to seem cute and quaint when this worldwide gold mania takes hold in coming capital market dominance. You can come back and look at this 1,000 year silver price chart history and chuckle how truly tiny that former fiat currencies come up in was versus the still devolving 21st century affair, the fiat US dollar version here. Speaking of the nominal number 1,000, after this short break, we're going to go and deconstruct some of the contentious silver price hype calls we saw this past week. You're not going to want to miss this. Hello, this is James Anderson on behalf of SD Bullion. Smash the like button if you enjoy these bullion market updates. And be sure to visit SDBullion.com/sweepstakes to enter our free silver monster box giveaway. New to buying gold or silver? SD Bullion makes it simple with no order minimums, clear pricing, and discreet shipping. Trusted by hundreds of thousands, SDBullion.com. Where America buys physical gold and silver. The silver and gold markets bumped further up in prices on the week. The spot silver price closed the week at $64.55 an ounce bid. The spot gold price finished the week at $4375.56 an ounce bid. The spot gold silver ratio in the week had ticked lower at 67 ounces of spot silver to afford 1 ounce of spot gold. Metals Focus had a Chinese market report this week highlighting the fact that the market is now a gold bullion over high-grade gold jewelry dominated one in terms of ongoing weight sold in gold. It helps that gold bullion in China trades VAT free, whereas industrial critical precious metals like platinum and silver bullion both catch +13% value added taxes on top of whatever dealer premiums get wedged in between. Consequently, the silver bullion as an investment trade in China is still a pip-squeak side show to gold bullion, which out sells silver bullion per year even in overall weight terms. A little bit less than 13 million ounces of silver bullion estimated to have been sold by Chinese investors per year is kind of like them buying the equivalent of last year's mintage of US silver eagle coins in 2025. It's not that much in the broad scheme of a near billion ounce physical silver market worldwide. What is kind of big was last month, July alone, collective unsecured silver ETFs in India bought nearly 14 million ounces combined. One month alone to India's ETFs. Now we're going to come back to Indian second half of this year demand with festival and wedding seasons upcoming. But quickly back to China, who imports about 10 times more 39 fine silver often for industrial purposes than for investment motives. Now halfway through this year's data, China's easily on pace to import over 4,000 tons of fine silver in 2026. Again, mostly for industrial imports, but often too for exporting silver eventually. They are the world's largest silver refiner by far in terms of capacity, and much of whose in refined silver, it comes into China originally as a byproduct from other major metals mining operations around the world. So it doesn't even come through the 39 fine version that you saw with the 4,000 metric ton chart. So keep this in mind. India is forecast to need another 4,000 tons of silver before this year ends. That's close to about 130 million ounces, of which I assume much of which is going to have to come from China, because the current London float won't be able to handle giving away such a large chunk of its recently falling figure without silver lease rates exploding back into mainstream financial headlines again. This is the first time I've seen an estimated breakout for industrial silver demand ongoing for AI buildouts. It's estimated just over 41 million ounces, at least the guess. Uh basically, about half the piles that we reportedly use in automobile manufacturing per year worldwide is going into AI buildouts. Okay, to close this week, we touch upon Michael Oliver's recent interviews where he claimed that he wouldn't be surprised to see silver not only pass his $300 an ounce target, but eventually blow past $1,000 an ounce. Now the big problem with these public statements is that he keeps putting a time frame on them. His likely failed $300 an ounce silver by end of this summer 2026 call is not going to work out. He not only did he double down on this, but oh wait, he more than tripled down this week by stating that silver has the ability to go to $1,000 an ounce within a year. This is going to add fuel to his naysayers groaning and moaning. And whatever, I mean, the back and forth between hype merchants and the press of silver haters, it's it's at least entertaining. But I'm on record, it doesn't even matter what really the nominal price. It's really about in terms of what silver can afford you in real terms. For instance, the spot gold silver ratio, I think it's likely to collapse back to and perhaps below its pip-squeaked May 2011 low of 33. I worked and traded through this market then. Uh this market that we're in right now is a lot larger, a lot wider, and the stakes are much, much bigger. This is a monthly spot gold silver ratio chart. So it doesn't show the fact that we actually ticked 46. Uh in late January of this year. Most people had no clue that that occurred. They see spot gold silver ratio at 67, they think all's normal and that, you know, that was a blip on the radar perhaps. But yeah, we ticked mid 40s spot gold silver ratio for a few weeks at the end of January, early this year. And I think the dead cat bounce that we're in right now is eventually going to roll over again, but more dramatically next time. The S&P 500 divided by silver ratio clipped below 60 an ounce to nominally buy the index in late January this year, 2026. I think it was 59 was the low. Again, this is a monthly chart, so you can't see the how it far it went, but if you drill into the weeklies, you'll see it. Since then, it's basically dead cat bounced and now double the cost of basically 120 ounces to buy the S&P 500. I'm on record suggesting that a tuba silver, like 20 ounces, will eventually afford the US stock index, which closed this week at 7,785. That long-term ratio, it fell as low as 2.3 ounces of silver to buy the nominal S&P 500 back in January 1980 during the silver price climb mania phase. That's how crazy silver can get on a relative basis versus the US stock market. Nominally, where silver goes in a mania in terms of fiat US dollars per troy ounce, it's not as important to me as what it buys and or affords me in real world goods, services and or competing asset classes. Similar theme in US median priced homes that are uh still largely boomer owned, almost half of them. It's going to get cheaper in bullion terms, my bet is those people die off. You can see how silly things get in terms of uh in 1980, that's back when interest rates were much higher than they currently are. Onwards to data driven uh points as to why this is going to get so stupid in nominal terms for both gold and then outperforming silver. In December 1980, well after retiring from his bullion and gold miner bets, former economist and division head for the Board of Governors of the Federal Reserve System, John Exter addressed the Economic Club of Detroit in a speech entitled, quote, Gold and the World Money Crisis. In that address, he described the marketplace as a quote, crime and punishment world whereby if you make a mistake, in it, you will suffer for it. He added but if the government or central bank makes a mistake, they suffer too. Exter believed our central bank was making a horrendous mistake by entering into the marketplace and buying government securities. The trouble is that those who do the buying, the politicians and bureaucrats in government don't suffer for it. He said it was all of us, we the people, who suffer and have our futures undermined. I like the sound of that. But the problem is many deeply entrenched market crimes are systemic with ongoing momentum that projects to run us into walls. Seemingly unstoppable momentum. Executed for long durations, decades, where ultimately society at large suffers mostly in the aggregate from said market crimes. I operate under the brutal knowledge that day-to-day gold and especially silver prices have been mostly suppressed throughout this full fiat currency era. I make a bet, basically expecting that to unwind. For instance, the London Gold Fix to start 1970 was $35.12 an ounce. Intraday data shows that their gold fixings have since whittled down to $3.97 an ounce based on their 56 years of consistent price riggings. Outside of London, the gold price data has ballooned over $38,000 an ounce. Now given China's $1.2 trillion trade surplus in 2025 divided by their net gold imports of about 920 tons, a price of over $39,000 an ounce gold would basically balance and wipe out their trade surplus. And of course, make gold holders much more wealthy in real terms, and therefore Chinese citizens would also win there. Comex got into the outsized paper gold derivatives game in 1975 after conspiring with London gold traders with the express purpose to trade more derivatives so as to be able to inject volatility into the gold price. And at the time, scare US investors from buying gold bullion over fiat US dollars as it was being re-legalized to start the same year 1975. That is a WikiLeaks and recovered US Treasury cable fact, late 1974. You can look it up yourself on your own time. Comex started trading in 1975 around 175 bucks an ounce. And to this very week, within Comex trading gold futures hours, their intraday price data has aggregated to $448 an ounce. This is not to say that Comex gold futures shorts always win. The longs basically ripped the shorts face off in late 1970s and early 1980s. I am betting big time that an echo of that past is likely to play out yet again worldwide. Hence the Comex now inviting retail 24/7 into the micro derivative, no physical delivery trade. Whales and greedy momentum price players, there will lever up looking to scalp and eat one another and especially on retail dummies. No thanks. Give me the bullion. Suppressing gold prices is harder than silver, given the size and scale of the respective markets. As we digress to Mr. Oliver's $1,000 an ounce nominal silver pump. Oh, you didn't know? Uh he does make the point that copper has exploded since 1980. Uh is price is more than six-folded since January 1980. I didn't know that until tonight. Gold is more than five-folded nominally since its gold short face ripping 1980 price high of $850 an ounce, where uh Comex basically had to shut down the market using the Hunt Brothers as eventual scapegoats. And yes, manic Depresso silver has barely begun showing off its price folding speed and ability. But yeah, unlike copper or gold, it's barely over its nominal ancient 1980 nominal price high still. Um 50 was the number back then, and we're sitting around 64. Strange because outside Comex silver futures trading hours, the silver price blew up a wall from COVID 2020 onwards to now. The latest outside Comex silver price data aggregates, it's basically been hitting a new all-time high this week at $411 an ounce. And this 1970 to now 2026 daily silver price chart is one of my core thesis and data points of clarity. Since 1970, starting at $1.92 an ounce, within Comex silver trading hours, futures, that price has whittled down to 30 cents an ounce here in 2026. Outside Comex hours, that data has blown out over $400 as mentioned recently. The red line is what matters here. That is a reflection of the spot price for silver we see day in, day out. Four times in silver bull markets past, the red spot line and the blue outside Comex silver trading hour price line have re-converged or rejoined. Mostly riding higher for months or years even at a time once they've reconnected. The lone exception to that was the 2011 early May price massacre. A picture of that crime scene is right here. As it happened in thinly traded Comex Globex hours. Well, it's not 2011, it's 2026, and we're staring at a gigantic worldwide potential bullion bull market mania. And the price of silver is heading multi-hundreds per troy ounce in time. And when the red and blue lines re-converge, the question is, are they going to double like they did in 2007 together? Or will they triple together like they did in the mid-1970s? Are they going to quadruple together? As we go find some leveraged Chinese Hunt Brothers to scapegoat perhaps as the reason to why it happened. I don't know. I'm showing you the damning data. I don't think this is going to happen within a year from now. But I'm betting in the next say 10 years, with these record debt and unfunded liability maniacs in charge of this Western world, bullion and leveraged precious metal derivative markets are going to go crazy 24/7. So I'm still buying bullion. For those of you out there doing likewise, be sure to check out SD Bullion's deals page with weekend silver bullion at spot deals with free shipping and random 1 ounce government minted gold bullion coins priced at only $30 an ounce over spot. That's going to be all for this week's bullion market update. As always to you out there, take great care of yourselves and those you love.",
"description": "SUBSCRIBE to Our Channel: https://www.youtube.com/c/sdbullion?sub_confirmation=1\nWin a Monster Box of Silver, enter here: https://SDBullion.com/sweepstakes\nThis full fiat-currency-era gold price chart is a helpful reminder of the bigger picture at play.\n\nHidden here is the growing elephant in the room: ballooning record debts and piles of unfunded liabilities in the US and the Western world at large.\n\nUS national debt is a tiptoe away from $40 trillion; it has more than doubled since gold bottomed in late 2015 at near $1,050 oz. The spot gold price has more than (+4X'd) quadrupled since. \n\nKeep that in mind late in this week's update when we talk about crazy silver nominal price precedents.\n\nThe silver and gold markets rose further this week.\n\nThe spot silver price closed at $64.55 oz bid.\n\nThe spot gold price finished the week at $4375 oz bid.\n\nThe spot gold-silver ratio ended the week a tick lower at 67 oz of spot silver to afford 1 oz of spot gold.\n\nI am still buying bullion — www.SDBullion.com/deals\n\nFor those of you out there doing likewise, be sure to check out SDBullion's deals page this weekend for Silver Bullion at spot price with Free Shipping (orders over $199 USD). And random one-ounce government-minted gold bullion coins for only +$30 over spot.\n\nThat is going to be all for this week's Bullion Market Update.\n\nAs always, to you out there.\n\nTake great care of yourselves, and those you love.\n\n——————————————————————————————————————\n\nCited Segment Sources:\n\n\nGold Breaks Out of Its Summer Range | Bloomberg News sponsored by COMEX's CME Group\nhttps://youtu.be/n2bVZ_G4bUM?si=a3b9t0fOXWaOO119\n\n\nRoyalty-Free Music provided by\n——————————————————————————————————————\n'In This Moment' by Scott Buckley - released under CC-BY 4.0. www.scottbuckley.com.au\n——————————————————————————————————————",
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"published_at": "2026-08-15T03:00:06Z",
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