Stefan Gleason – The Silver Market is Being Cornered by the Whole Globe! – UPDATED Kangaroo has ARRIVED!!
UPDATE – Here is a look at the new Kangaroo coin Stefan discusses in the interview!! stillkeepin1 by Rory, The Daily Coin Stefan Gleason, President, Money Metals Exchange, has a birds eye view of the silver and gold markets. His company, like this website, is focused on new people coming into the market. The goal is to teach people about money, what money is and the importance of possessing real, physical money–gold and silver. As J.P. Morgan once said, “Gold is money and everything else is credit.” No truer words have ever been spoken, even if spoken by a disgusting human being. Over the next thirty minutes Stefan sheds some light on the sheer volume of new customers coming into the precious metals market. This is one of the most exciting aspects of the unfolding economic and financial nightmare. With hundreds of thousands, if not millions, of new customers, in the Western world, beginning to understand the importance of holding precious metals we can only applaud their arrival. This means more strain on the current pricing mechanism, more strain on the mining industry and a lot less product available for acquisition. If you don’t hold it, you don’t own it and if you don’t hold it may not be available, on the open market, much longer. As Janis Joplin said, “Get it While You Can!” The current pricing mechanism, for the world, is set by a very small group of people, approximately five!! Does this make sense to you? Why wouldn’t the acquisition cost of gold and silver be set by the actual physical demand versus the actual supply? Why is the global acquisition cost in the hands of fewer people than make up the starting line up of your favorite football team? This seems like a very bad plan, and at the end of the day, we can see that it does not work. What will it take to break this current set up? Retail silver supplies, the world over, are being drained from the shelf. One of the best indicators available is 90% silver coin. These are the dimes, quarters and half-dollars, that were minted, primarily in the U.S., prior to 1964. People refer to these coins as “junk silver”, which is kind of degrading and doesn’t represent the fact that it is money–real money. Silver was money long before gold. Silver is money of the people and gold is money of the kings. Silver was being used by the people in everyday trade as the main source of currency the world over for hundreds of years. Stefan goes on to explain his view regarding the current shortages that we are all currently experiencing. Supplies are tight, premiums are high, but stabilizing, and thousand ounce bars are still available. According to Stefan once we begin to see delays in deliveries and premiums rising in the thousand ounce bar market, we will then know that something is way out of balance and the market is beginning to convulse. Stefan believes this will create a “collision” in the physical market and paper market that will force a change in the acquisition cost. What comes next no one knows, as no one knows the future. Grab your favorite silver coin, sit back and enjoy. The audio only version is available unedited, without ads, for download or stream at silverfarm.podbean.com or search itunes for Silverfarm.