Run Details

State

Completed

Started At

September 12, 2026 at 02:17 AM

Completed At

September 12, 2026 at 02:19 AM

Duration

2 minutes

Headline

Record Diesel Fuels More Price Inflation

Data Preview

{
  "title": "Record Diesel Fuels More Price Inflation",
  "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": [
      "Geopolitical developments in the Middle East.",
      "Oil prices remaining wild cards.",
      "Unfulfilled political promises (Trump's $5,000 dividend).",
      "Gold scams targeting senior citizens."
    ],
    "topics": [
      "Gold",
      "Silver",
      "Precious Metals",
      "Inflation",
      "Interest Rates",
      "Federal Reserve",
      "Crude Oil",
      "Diesel",
      "Geopolitics",
      "Treasury Market",
      "Bond Market",
      "ETF Flows",
      "Central Bank Gold Reserves",
      "Gold-Silver Ratio",
      "Gold Scams",
      "Cryptocurrency",
      "US Dollar",
      "Japanese Yen",
      "Sanctions",
      "International Trade"
    ],
    "summary": "The video discusses the volatile week for precious metals, noting declines despite strong demand, attributed to inflation data, Fed rate hike odds, and surging crude and diesel prices. It highlights record gold ETF inflows and China's continuous gold accumulation. The speaker also touches on geopolitical wild cards, Treasury market dynamics, and a gold scam investigation, concluding with a bullish outlook on physical bullion.",
    "entities": [
      {
        "name": "Gold",
        "type": "commodity",
        "context": "faced volatile week, third consecutive weekly decline, ETF inflows, China's central bank purchases, support/resistance levels, hedge against inflation, overtaken Treasuries in central bank FX reserves"
      },
      {
        "name": "Silver",
        "type": "commodity",
        "context": "faced volatile week, third consecutive weekly decline, trying to hold lower $60s, diverse applications, key component in technology, global supply shortage, August price run, hedge against inflation, CME futures contract"
      },
      {
        "name": "Precious Metals",
        "type": "commodity",
        "context": "faced volatile week, third consecutive weekly decline, pricing wild cards"
      },
      {
        "name": "Federal Reserve (Fed)",
        "type": "organization",
        "context": "rising rate hike odds"
      },
      {
        "name": "Crude Oil",
        "type": "commodity",
        "context": "surging prices over $100 a barrel"
      },
      {
        "name": "Diesel",
        "type": "commodity",
        "context": "record high $6 prices, comprises over 80% of long-haul commercial trucking, 75% of global farm equipment, 85% of construction and mining"
      },
      {
        "name": "Middle East",
        "type": "region",
        "context": "geopolitical developments"
      },
      {
        "name": "FOMC",
        "type": "organization",
        "context": "decision and economic projections next week"
      },
      {
        "name": "World Gold Council",
        "type": "organization",
        "context": "reported record gold ETF inflows"
      },
      {
        "name": "China",
        "type": "region",
        "context": "Central Bank bought gold, ambitions to use global gold vaulting networks"
      },
      {
        "name": "Scott Bessent",
        "type": "person",
        "context": "Treasury Secretary, hitting a large bank with Iran-related sanctions, talking tough on Japanese Yen intervention, discusses bond market and term premium"
      },
      {
        "name": "Iran",
        "type": "region",
        "context": "Iran-related sanctions"
      },
      {
        "name": "Japanese Yen",
        "type": "concept",
        "context": "Fiat currency, intervention"
      },
      {
        "name": "Bank of Japan",
        "type": "organization",
        "context": "mentioned by Bessent"
      },
      {
        "name": "Donald Trump",
        "type": "person",
        "context": "President, promised $5,000 payments if GOP wins midterms"
      },
      {
        "name": "Republicans (GOP)",
        "type": "organization",
        "context": "if they win Congress and Senate, Trump promises stimulus"
      },
      {
        "name": "CME Group",
        "type": "organization",
        "context": "pumping 100-ounce paper silver contract, expanding 24/7 trading for 100 oz silver futures"
      },
      {
        "name": "Potosi, Bolivia",
        "type": "region",
        "context": "silver mining location"
      },
      {
        "name": "COMEX",
        "type": "organization",
        "context": "global benchmark for silver futures"
      },
      {
        "name": "US Dollar",
        "type": "concept",
        "context": "value going down leads investors to physical assets"
      },
      {
        "name": "Muzamil Ahmed",
        "type": "person",
        "context": "arrested for gold theft scheme"
      },
      {
        "name": "Tarrant County",
        "type": "region",
        "context": "gold scam investigation"
      },
      {
        "name": "Phil Sorrells",
        "type": "person",
        "context": "Tarrant County DA, discusses gold scam"
      },
      {
        "name": "Russia",
        "type": "region",
        "context": "Russian gold exports to Hong Kong"
      },
      {
        "name": "Hong Kong",
        "type": "region",
        "context": "Russian gold exports, China's global gold vault network hub"
      },
      {
        "name": "Moscow",
        "type": "region",
        "context": "cities under consideration for China's global gold vault network"
      },
      {
        "name": "Dubai",
        "type": "region",
        "context": "cities under consideration for China's global gold vault network"
      },
      {
        "name": "Riyadh",
        "type": "region",
        "context": "cities under consideration for China's global gold vault network"
      },
      {
        "name": "Singapore",
        "type": "region",
        "context": "cities under consideration for China's global gold vault network"
      },
      {
        "name": "Kuala Lumpur",
        "type": "region",
        "context": "cities under consideration for China's global gold vault network"
      }
    ],
    "sentiment": "mixed",
    "confidence": 0.9,
    "key_points": [
      {
        "point": "Gold, silver, and other precious metals experienced a volatile week, ending September 11th, 2026, with a third consecutive weekly decline despite a small Friday rebound.",
        "timestamp": "00:00",
        "importance": "high"
      },
      {
        "point": "Prices were driven lower by hotter inflation data, rising Fed rate hike odds, crude oil prices over $100/barrel, record high $6 diesel prices, and higher long-term Treasury yields.",
        "timestamp": "00:19",
        "importance": "high"
      },
      {
        "point": "Geopolitical developments in the Middle East and oil prices are considered wild cards for precious metal pricing.",
        "timestamp": "00:36",
        "importance": "medium"
      },
      {
        "point": "Gold support is near $4300/ounce, with resistance around $4400-$4500/ounce. Silver is attempting to hold the lower $60s/ounce consolidation zone.",
        "timestamp": "00:42",
        "importance": "high"
      },
      {
        "point": "Next week's FOMC decision, updated economic projections (dot plot), and accompanying guidance are important for near-term trends. A rate hike is widely expected.",
        "timestamp": "00:54",
        "importance": "high"
      },
      {
        "point": "Global physically backed gold ETFs saw $18 billion in net inflows in August 2026, the second largest monthly inflow on record, totaling over 120 tons or 3.8 million ounces.",
        "timestamp": "01:09",
        "importance": "high"
      },
      {
        "point": "China's Central Bank purchased over 20 tons of gold in August 2026, marking the 22nd consecutive month of additions, with total holdings reaching 2,387 tonnes.",
        "timestamp": "01:32",
        "importance": "high"
      },
      {
        "point": "Diesel prices in the USA are over $6 a gallon, impacting long-haul trucking (over 80% diesel-reliant), global farm equipment (75% diesel-powered), and construction/mining (over 85% diesel-reliant), suggesting higher food and commodity costs.",
        "timestamp": "01:40",
        "importance": "high"
      },
      {
        "point": "Treasury Secretary Scott Bessent is reportedly sanctioning a large bank next week for Iran-related activities and has spoken tough on Japanese Yen intervention, stating he has \"asymmetric information\" and is \"the house now.\"",
        "timestamp": "02:19",
        "importance": "high"
      },
      {
        "point": "Despite the US Treasury doubling the pace of buying back its own debt, long-term interest rates rose steadily. Bessent claims the US bond market is the best performing and that term premiums for 5- and 30-year, and 2- and 10-year bonds are at their lowest in many years, indicating investors are not demanding a premium for longer-term US debt.",
        "timestamp": "03:12",
        "importance": "high"
      },
      {
        "point": "Bessent attributes the low offers in the buyback program to the Treasury's strategy of buying bonds back cheap, dismissing criticism as \"noise.\"",
        "timestamp": "04:45",
        "importance": "medium"
      },
      {
        "point": "Former President Trump promised $5,000 payments to every adult in the USA (estimated $1.3 trillion stimulus) if Republicans win the House and Senate in the November 2026 elections.",
        "timestamp": "05:18",
        "importance": "high"
      },
      {
        "point": "Past promises by Trump for $5,000 \"DOGE dividend,\" $2,000 tariff \"dividend,\" and $1,000-$1,500 healthcare payments were never delivered.",
        "timestamp": "06:51",
        "importance": "medium"
      },
      {
        "point": "Spot silver closed the week at $64.50/ounce bid, and spot gold at $4348/ounce bid. The gold-silver ratio was flat at 67.",
        "timestamp": "07:49",
        "importance": "high"
      },
      {
        "point": "The gold-silver ratio has been well above its full fiat era median of around 60:1 for over a decade, and a prolonged duration below 60:1 is expected in the unfolding commodity supercycle. The January 2026 collapse to mid-40s was a \"prequel.\"",
        "timestamp": "08:06",
        "importance": "high"
      },
      {
        "point": "Silver's diverse applications in technology (solar panels, smartphones, semiconductors, AI data centers) are driving industrial demand, leading to a global supply shortage.",
        "timestamp": "09:02",
        "importance": "high"
      },
      {
        "point": "Silver prices rose sharply in August 2026 due to favorable technical trends and are approaching strong technical resistance. Inflation and interest rates, along with a falling US dollar, are key factors for silver's next move.",
        "timestamp": "09:28",
        "importance": "high"
      },
      {
        "point": "Starting September 11, CME Group will expand 24/7 trading for its 100 oz. silver futures contract, which is financially settled based on the COMEX 5,000-ounce silver futures contract.",
        "timestamp": "09:58",
        "importance": "high"
      },
      {
        "point": "An international gold scam operation targeting senior citizens in Tarrant County, Texas, has led to over 40 indictments, with losses exceeding $200 million. Muzamil Ahmed, a central figure, was arrested at JFK attempting to flee to Saudi Arabia.",
        "timestamp": "10:24",
        "importance": "high"
      },
      {
        "point": "The scam involves criminals posing as federal agents, creating fear, and instructing victims to withdraw savings, buy gold or Bitcoin, or hand over cash. One victim committed suicide after losing their life savings.",
        "timestamp": "12:04",
        "importance": "high"
      },
      {
        "point": "Russian gold exports are flowing in record sizes through Hong Kong due to Western sanctions. China is expanding its global gold vaulting network beyond Hong Kong to facilitate direct bilateral trading without relying on the US dollar or Euro.",
        "timestamp": "13:38",
        "importance": "high"
      },
      {
        "point": "Gold has overtaken Treasuries in central bank FX reserves, indicating a shift towards unsanctionable hard asset savings.",
        "timestamp": "14:11",
        "importance": "high"
      },
      {
        "point": "SD Bullion is offering 1 oz random government-issued silver coins and 1 oz silver rounds at spot price, 1 oz Canadian Gold Maple Leaf coins at $60 over spot, and pre-1933 Double Eagle gold coins at $50 over spot.",
        "timestamp": "14:25",
        "importance": "low"
      }
    ],
    "trade_ideas": [
      {
        "thesis": "Buying the dip, acquiring older/more proven stores of value to bolster unsanctionable hard asset savings, expectation of gold-silver ratio going well below 60 in a commodity supercycle.",
        "direction": "long",
        "conviction": "high",
        "instrument": "Physical Bullion (Gold and Silver)",
        "time_horizon": "medium_term"
      },
      {
        "entry": "spot price",
        "thesis": "Priced at spot.",
        "direction": "long",
        "conviction": "low",
        "instrument": "1 oz random government-issued silver coins",
        "time_horizon": "unspecified"
      },
      {
        "entry": "spot price",
        "thesis": "Priced at spot.",
        "direction": "long",
        "conviction": "low",
        "instrument": "1 oz silver rounds",
        "time_horizon": "unspecified"
      },
      {
        "entry": "$60 over spot",
        "thesis": "On sale at $60 over spot.",
        "direction": "long",
        "conviction": "low",
        "instrument": "1 oz Canadian Gold Maple Leaf coins",
        "time_horizon": "unspecified"
      },
      {
        "entry": "$50 over spot",
        "thesis": "On sale at $50 over spot.",
        "direction": "long",
        "conviction": "low",
        "instrument": "Pre-1933 Double Eagle gold coins",
        "time_horizon": "unspecified"
      }
    ],
    "price_levels": [
      {
        "note": "being watched",
        "value": "$4300",
        "instrument": "Gold",
        "level_type": "support"
      },
      {
        "note": "nearby upside resistance",
        "value": "$4400-$4500",
        "instrument": "Gold",
        "level_type": "resistance"
      },
      {
        "note": "trying to hold consolidation zone",
        "value": "lower $60s",
        "instrument": "Silver",
        "level_type": "support"
      },
      {
        "note": "surging prices",
        "value": "over $100/barrel",
        "instrument": "Crude Oil",
        "level_type": "other"
      },
      {
        "note": "record high prices in USA",
        "value": "over $6/gallon",
        "instrument": "Diesel",
        "level_type": "other"
      },
      {
        "note": "spot price at week's end (Sept 11, 2026)",
        "value": "$64.50/ounce",
        "instrument": "Silver",
        "level_type": "other"
      },
      {
        "note": "spot price at week's end (Sept 11, 2026)",
        "value": "$4348/ounce",
        "instrument": "Gold",
        "level_type": "other"
      },
      {
        "note": "spot ratio at week's end (Sept 11, 2026)",
        "value": "67",
        "instrument": "Gold-Silver Ratio",
        "level_type": "other"
      },
      {
        "note": "January 2026 collapse",
        "value": "mid-40s",
        "instrument": "Gold-Silver Ratio",
        "level_type": "other"
      },
      {
        "note": "expected prolonged duration",
        "value": "below 60",
        "instrument": "Gold-Silver Ratio",
        "level_type": "target"
      },
      {
        "note": "on sale at SD Bullion",
        "value": "$60/ounce over spot",
        "instrument": "1 oz Canadian Gold Maple Leaf coins",
        "level_type": "other"
      },
      {
        "note": "on sale at SD Bullion",
        "value": "$50/ounce over spot",
        "instrument": "Pre-1933 Double Eagle Gold Coins",
        "level_type": "other"
      }
    ],
    "time_horizon": "medium_term",
    "matches_filter": true,
    "data_references": [
      {
        "value": "18 billion",
        "metric": "Global physically backed gold ETF net inflows",
        "period": "August 2026",
        "source": "World Gold Council"
      },
      {
        "value": "20 tonnes",
        "metric": "Gold reserves additions",
        "period": "August 2026",
        "source": "People's Bank of China"
      },
      {
        "value": "Over $6 a gallon",
        "metric": "US Diesel Sales Price",
        "period": "Current",
        "source": "U.S. Energy Information Administration via FRED"
      },
      {
        "metric": "Global Gold ETF Flows and Collective Holdings",
        "period": "May 2025 - August 2026",
        "source": "Bloomberg, Company Filings, World Gold Council"
      },
      {
        "metric": "Chinese Gold Reserves (Tonnes of Gold)",
        "period": "Aug 31, 2026",
        "source": "World Gold Charts"
      },
      {
        "metric": "US Diesel Sales Price (Dollars per Gallon)",
        "period": "1995-2025",
        "source": "FRED"
      },
      {
        "value": "4.97%",
        "metric": "US Treasury 10-Year Yield (Daily)",
        "period": "Current",
        "source": "Bloomberg"
      },
      {
        "metric": "Global official gold holdings (market price) vs Foreign official Treasury holdings",
        "period": "2020-2025",
        "source": "IMF, Department of Treasury, Bloomberg"
      },
      {
        "metric": "Percentage Deviation of Monthly Gold:Silver Ratio from Long-run Equilibrium",
        "period": "1970-2026",
        "source": "Bloomberg, Precious Metals Insights"
      },
      {
        "metric": "Major check promises that have not been delivered",
        "period": "Early 2025, July-November 2025, Late 2025",
        "source": "Newsweek.com, people.com, washingtonpost.com"
      }
    ],
    "match_reasoning": "The video substantively discusses gold, silver, and other commodities, including price movements, market dynamics, and geopolitical influences."
  },
  "video_id": "nbX5VFG9VBQ",
  "video_url": "https://www.youtube.com/watch?v=nbX5VFG9VBQ",
  "transcript": "Gold, silver, and other precious metals faced a volatile week ending today, September 11th, 2026. Even as strong underlying investment demand persists, gold and other precious metals had a third consecutive weekly decline despite today's Friday tiny price rebound. Prices were sent lower through the week by hotter inflation data, rising Fed rate hike odds, surging crude oil prices again now over $100 a barrel, record high $6 diesel prices, more on that later, and higher long-term Treasury yields, more on that soon. Geopolitical developments in the Middle East and oil prices remain precious metal pricing wild cards. Gold support is being watched near $4300 an ounce with nearby upside resistance around $4400-$4500 an ounce. Silver's trying to hold the lower $60s an ounce consolidation zone. Next week's FOMC decision and updated economic projections, the dot plot, they're all important in terms of near-term trends and narratives. A hike is widely expected by market onlookers along with any accompanying guidance potentially associated. Record gold ETF inflows were reported as the World Gold Council said global physically backed gold ETFs saw $18 billion in net inflows in August 2026. That's the second largest monthly inflow on record. That's over 120 tons of some or some 3.8 million ounces inflowing into global and secured gold ETFs collectively for the month of August 2026. China's Central Bank bought over 20 tons of gold last month, August 2026. That's the 22nd month in a row. One of the more important price components worldwide for overall price pressures now hitting record nominal price size with diesel priced at over $6 a gallon in the USA now. Diesel comprises of over 80% of long-haul commercial trucking worldwide, relying on diesel engines due to their torque density and fuel efficiency. Around 75% of global farm equipment is diesel powered, so expect higher food costs with rising commodity prices ongoing. And construction and mining use diesel with heavy equipment, excavators, bulldozers, haul trucks, and mobile crushers. Over 85% of construction and mining is diesel reliant. Treasury Secretary Scott Bessent is reportedly hitting a large bank next week with Iran-related sanctions. But this week he took to the airwaves talking tough on the Fiat Japanese Yen intervention, basically threatening anyone on the other side of the trade. Whenever people say, \"Oh, well, Treasury Secretary's taking a risk.\" Well, you know, it's my dream. I have asymmetric information. I am the house now. So, right? So, when we intervene with the Japanese Yen, I have pretty good insight into what the Japanese, what the Bank of Japan's going to do, what Japanese policymakers are going to do. Um, and, um, but if you can bet against me if you want. After doubling the pace at which US Treasury is buying back our own debt, long-term interest rates still rose steadily throughout this week. Look, if some of the Bloomberg terminal bros are unhappy with what I'm doing, well, that's too bad. And, you know, I will tell you that we have, we have the best performing bond market in the world. And if you look, bond yields have never been more correlated to the energy price. And that's, that's my point here. That, uh, is we have a supply shock. And we will get to the other side of this. And, you know, we, we've had two very strong Treasury auctions. And the, the USA is in very good shape. The Treasury market is in very good shape. The fact that we are the best performing. And, Steve, what we've also seen is that term premium, which is the difference between either the five-year point and the 30-year point or the two-year point and the 10-year point, uh, the term premium for the, uh, fives and tens, they, excuse me, from fives and 30s is at its lowest, the, uh, it's lowest differential, uh, in many years. And we are right back to the lows on twos and tens. So that is telling you that investors are not demanding a premium for longer-term US debt. So, I'm not sure where the beef is. And, you know, this whole nonsense today that our operation didn't work. Well, our operation didn't work because we only had 10 billion of offers for our buyback program. Normally, we get 20 billion. And we, we only buy the bonds back cheap. So, when it said, I didn't buy back as many as I said that I was going to buy, it's because we buy them cheap. And, you know, again, that people seem to want to keep their long-term bonds because they, we only had half as many offers. So, you know, it, it's a bunch of noise. And, and my career, I've made money ignoring the noise. And at the same political rally, President Trump made headlines with promises of $5,000 payments for every adult in the USA. There's about 270 million of them, so say, uh, $1.3 trillion stimulus if the Republicans win the Congress and Senate in the upcoming November 2026 election. Because we've done so well, and because our country is making so much money, that only I can make this promise to you. And here is my promise. If the Republicans win the House of Representatives and the United States Senate, both of them. Because of our economic, tremendous economic success, like, in, in history, we've never had anything like what's happening. But because of our tremendous strength and success economically, I will issue a dividend to every adult citizen in the United States of America for $5,000. Very much like a successful company will do a cash distribution to its shareholders. Or like last year when I gave our great members of the military $1,776. Remember? We also remember about 8,000 to 8,500 and some total promised piles never delivered upon, so there, those three too. Either way, the dark humor meme makers were out and about this week. Some good ones here. And I am still buying the bullion price dip. We're going to be right back after this short break. 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. Due to buying gold or silver, SD Bullion makes it simple with no order minimums, clear pricing, and discrete shipping. Trusted by hundreds of thousands, SDBullion.com, where America buys physical gold and silver. The silver and gold markets traded lower overall on the week. Spot silver price closed the week at $64.50 an ounce bid. Spot gold price finished the week down at $4348 an ounce bid. The spot gold-silver ratio ended the week basically flat at 67. On a full fiat currency era monthly chart for the gold-silver ratio seen here, my contention remains that the ratio spent the last more than decade well above the full fiat era median, which was around 60 ounces of silver to 1 ounce of gold. And in a commodity supercycle unfolding before our very eyes on various commodity price charts galore, it's reasonable to expect a prolonged duration where this key ratio goes well below 60. The January 2026 gold-silver ratio collapse went to the mid-40s. And my suggestion is that was a prequel. On this sad 25th anniversary of 9/11, CME Group took to Bloomberg to pump their new highly leveraged 100-ounce paper silver contract product, starting with some solid fundamental case facts for silver in the years and even decade to come. Is silver about to steal the spotlight again? Silver sets itself apart from other precious metals because of its diverse applications. It's not only a hedge against macroeconomic tensions, but it's a key component of virtually every piece of technology, including solar panels, smartphones, TVs, semiconductors, AI data centers, and more. This growing industrial demand for silver, however, has also led to a global supply shortage. Silver prices rose sharply in August as technical trends turned more favorable. It's now approaching a strong area of technical resistance, which will be important in determining whether it can continue its move higher. Inflation and interest rates are two major factors which may determine silver's next move. When the value of the US dollar goes down, investors often put their cash into physical assets like silver or gold to hedge against inflation. And starting next week on September 11, CME will expand 24/7 trading to its 100 oz. silver futures contract. 100 oz. silver futures are financially settled based on the daily settlement price of the global benchmark COMEX 5,000-ounce silver futures contract. They are listed by and subject to the rules of COMEX. In some good industry-related news this week, apparently, crews of career call center criminals are finally getting taken to prison and routed out. accused of swindling seniors in Tarrant County out of their life savings has been arrested as authorities say he was trying to flee the country. The investigation involves multiple suspects, millions of dollars in gold, and what investigators describe as a multiple-layer scheme. Muzamil Ahmed, an alleged key player in an international criminal operation, is now in the Tarrant County Jail. His capture underscores the investigation that first came to light in April, when more than a dozen others were arrested for various roles in the enterprise that targeted senior citizens. We now have more than 40 indictments connected to this scheme. Our message is simple. If you prey on seniors in Tarrant County, we're coming for you. Tarrant County DA Phil Sorrells says nationwide there are more than 200 elderly victims and losses of more than $200 million. A criminal complaint lists more than 40 victims in the city of North Richland Hills. Most all scammed out of cash, gold, and cryptocurrency. These criminals contact seniors and falsely tell them that their bank account, social security number, or personal information has been compromised. They create fear and urgency, then tell victims to withdraw their savings, buy gold bars or Bitcoin, or keep cash ready for someone to come pick it up, who may even pose as a federal agent. Ahmed was captured at JFK International in New York while awaiting a one-way flight to Saudi Arabia. Investigators say New Jersey was his operating base. Investigators believe that Muzamil Ahmad is a central figure in this operation. He used shell corporations to launder stolen money, funnel proceeds to a gold refinery, converted gold and cash into cryptocurrency, and moved the money out of the country. The DA says at least one victim scammed out of their entire life savings became destitute and committed suicide. He says as more victims come forward, the wider the net investigators managed to cast. They have people that are, that are couriers, they have people that are at call centers that are making the phone calls. We have jewelry places that are smelting down this gold and turning it into bangles so then they can put it in, and, and take it overseas. It is a, a broad organization. And as the investigation continues, there's an urgent plea for families to preach safety to their older loved ones. In a quickly changing world gold trade, it's no surprise to see Russian gold exports and headlines like this flowing in record size through Hong Kong of late. In a world still mainly relying on the Fiat US dollar payment network with sanctions increasing seemingly everywhere you look, it's not a surprise either to see China's ambitions to use global gold vaulting networks beyond merely Hong Kong to help bolster pristine collateral options in direct bilateral trading without Fiat US dollars or Fiat Euros between the trading counterparty they're dealing with. The bullion over bonds trade is still in early innings. The market interventions are not going to stop the world from acquiring older, more proven stores of value to bolster their bedrock unsanctionable hard asset savings. Now for those of you doing likewise, buying bullion this weekend, we have 1 oz random government-issued silver coins and 1 oz silver rounds, both priced at spot while supplies last this weekend. We also have gold 1 oz Canadian Maple Leaf coins, only 60 bucks an ounce over spot, and pre-1933 Double Eagle gold coins that were never turned into the Federal Reserve and melted down. Those are priced at only $50 an ounce over spot, also while supplies last. It's gonna be all for this week's bullion market update. As always to you out there, take great care of yourselves. Those you love. If you enjoyed this video, hit the like button and share it with those you love. Subscribe to our channel and hit that alert button so you know when we publish new bullion market updates. Analysis and discussion provided by SD Bullion Inc. at SDBullion.com and related media platforms is for education and entertainment purposes only. It's not recommended for trading purposes nor is any of this content financial advice. Employees and contributing authors to SD Bullion are not investment advisers and information obtained here should not be taken as professional investment consulting. The commentary on SDBullion.com reflects the opinions of respective authors and not that of SD Bullion Inc. Your own due diligence is recommended before buying or selling any investments, securities, and or precious metals.",
  "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\nGold, silver, and other precious metals faced a volatile week ending September 11, 2026. \n\nEven as strong underlying investment demand persists, gold and other white precious metals fell for a third straight week, despite a tiny rebound on Friday. Prices fell through the week on hotter inflation data, rising Fed rate-hike odds, surging crude oil prices again now over $100 a barrel, record-high $6 diesel prices, and higher long-term Treasury yields.\n\nGeopolitical developments in the Middle East and oil prices remain wildcards for precious metal pricing. \n\nGold support is being watched near $4,300, with nearby upside resistance around $4,400–$4,500 oz. \n\nSilver is trying to hold the lower $60s oz consolidation zone.\n\nThe spot silver price closed the week flat at $64.50 oz bid.\n\nThe spot gold price finished the week down lightly at $4348 oz bid.\n\nThe spot gold silver ratio ended the week basically flat at 67.\n\nThe bullion over bonds trade is still in the early innings, and market interventions are not going to stop the world from acquiring older more proven stores of value to bolster their bedrock unsactionable hard asset savings. \n\nFor those of you buying bullion this weekend, we have 1 oz random government-issued silver coins and 1 oz silver rounds both priced at spot while supplies last. And gold 1 oz Canadian Maple Leaf coins only $60 oz over spot, and pre-1933 Double Eagle gold coins that were never turned into the Federal Reserve priced at only $50 oz over spot also while supplies last.\n\nVisit — www.SDBullion.com/deals\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\nIs Silver Ready to Steal the Spotlight Again? \nCME Group launches levered 100 oz Paper Silver Trading \nhttps://www.youtube.com/watch?v=DHdoLAXR4tc\n\n\n\nRoyalty-Free Music provided by\n——————————————————————————————————————\nMusic: moon beat by Snoozy Beats   / snoozybeats  \nLicense: Creative Commons — Attribution 3.0 Unported — CC BY 3.0\nFree Download / Stream: https://links.al/qf6\nMusic promoted by Audio Library: https://links.al/youtube\nhttps://youtu.be/9TTLEatanUE?si=35Ak2GvQBCitW8r0\n——————————————————————————————————————\nMusic: Spirit by Alex-Productions   / alexproductionsmusic  \nLicense: Creative Commons — Attribution 3.0 Unported — CC BY 3.0\nFree Download / Stream: https://links.al/mU9\nMusic promoted by Audio Library: https://links.al/youtube\nhttps://youtu.be/XDx6r0V9S9w?si=TWmK7UbG7xko_j5o\n——————————————————————————————————————",
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  "published_at": "2026-09-12T01:25:06Z",
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  "reporting_date": "2026-09-12",
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