Record comex silver withdrawals It looks like something big is happening as withdrawals for silver from comex remain very high. World Bank has warned “new shocks” could tip the global economy into a recession, slashing growth forecasts for most countries. What will this mean for silver? This could cause silver to move up in price as the dollar continues to get devalued and crushed under the weight of high debt and credit card debt. Take a look below at the comex for silver.

COMEX #SILVER VAULT TOTALS DROP TO 299.4 MILLION OUNCES
– Registered was down almost 15K ounces.
– Open Interest now equal to 221% of all vaulted silver and 1,928% of Registered silver. pic.twitter.com/es2DjbRkOT

— Michael ?️‍? #silversqueeze (@mikesay98) January 9, 2023

Can record comex silver withdrawls keep up for months to come? That is the ultimate question, economists believe there is still way too much money in the economy. Take a look at what one of the largest private banks said here: EdRAM-Houseview-2022-12-EN.pdf (edmond-de-rothschild.com) They have monetary supply nearly going to zero which I have posted the exact screen shot below.

What does this mean for assets like Gold and silver?

We believe this will cause an influx in gold and silver purchases as people will look for safer routes to invest why gold and silver? Though they don’t move as much as let’s say a stock like Tesla or Amazon they do hold there value. The money supply above is basically nonexistent. Which will squeeze the middle class much harder than years past. My guess is this will cause the economy to implode, because if there’s hardly any money supply then how will people purchase things? It will cause buyers to buy things they actually need vs leisure spending which is something we haven’t really seen in America. This will ultimately destroy many small businesses or what’s left of them anyways, because if there’s a lot less money circulating then there’s less buying power. On top of the already rising costs of living and taxes. We are truly facing interesting times and though is nearly not predictable I think we are seeing a colossal bubble where the economy will ultimately implode.

When things get bad investors tend to move their money into physical assets to maintain their wealth in case things go south in the economy. Some people call it silver stacking, others call it investing in physical assets.