The world's largest eastern bullion buyers are waking from their pandemic slumbers as western efforts to bring absolute transparency to the silver price and gold price discovery continue failing and falling on their faces. More on that story later.
Great news this week as I've returned fully to my desk after a short few days touring the Pan-Americana countryside. Meanwhile, the fundamentals, trading price action, and market sentiment for silver and gold have turned for the better.
To start this week, we'll lean heavily on many of Daniel March's latest physical bullion flow tweets, so I can further explain what has been happening.
First, watch what the aggregate central banks do and often ignore the narrative games they play.
Central banks are on pace to collectively break their record 2019 gold bullion buying this year, 2021.
And now, Poland is gearing up for another 100 metric tonne gold bullion buy to begin 2022.
The Chinese Shanghai Gold Exchange is delivering gold bullion at volumes not seen since before the pandemic kickoff to start this decade, the 2020s.
Indian gold bullion demand this year is going to rival record volumes hit in the 2010s. See this chart for where 1,000 metric tonnes of gold bullion demand stacks up historically.
Silver Squeezers and silver bullion bulls out there buck up. The Indian silver demand gorilla of the 2010s may be returning as Metals Focus reports that over 400 metric tonnes were imported into India in September 2021 alone.
Here is where that amount stacks up to the way India bought silver bullion in the 2010s. If and when the Indian nation returns to its average 172 million ounce silver demand levels in this decade, the 2020s, good luck, London, and unsecured ETFs like $SLV and $SIVR changing your prospectuses yet again.
Quickly, this is a reminder. Remember history, knowing the nature of how bullion bull markets with increased prices behave; eventually, increasing demand for near-record high gold prices bleeds over into undervalued silver.
When the increasingly less poor Indians on the street see gold's price climbing a curved wall, expect many of them will switch their buying preferences to silver, and the import demand levels to increase sharply for Indian silver flows ahead.
Let us move on to the idiocy that is the inflation narrative con game ongoing.
Long-time silver bull Bill Fleckenstein pointed out how stupid this Bloomberg Opinion headline is; underreported escalating inflation hurts average US citizens and is a crime ongoing for anyone who bothers to look. Actual price inflation is likely running at double digits if we simply take into account the actual escalating prices on rents and housing prices in the USA.
The rigged US gov't's Consumer Price Inflation data has yr over yr shelter price escalations at a laughably low 3.2% increase. But just a few cursory glances at data, and we know that's a lie.
Even the cost-of-living adjustment for Social Security is going up nearly 6% for 2022 as the poorest amongst us often suffer the most under high inflationary regimes.
Meanwhile, get ready for a cold winter full of BRRR fueled escalating natural gas prices to come.
But don't worry, the narrative gamers at the fiat Federal Reserve have no shame as their lies get exposed for all to see, yet again.
Anyone who thinks high inflation is not the primary tool for defaulting on our record debts and not saved for liabilities still, I have a bridge down in the Florida Keys to sell you.
So hop on, figuratively speaking. And let's do some more cruising through the most important bullion market updates for this week. Be sure to share this content with those who you think may also enjoy it.
Full transparency, I am recording this SD Bullion market update on the afternoon of Thursday, October 14th, 2021.
Yesterday, Wednesday morning in the US COMEX open, silver and gold had a snapback rally which put the short sellers on their heels and has given rise to some seriously bullish sent
