Sunday , 21 April 2024

Silver Is THE “Achilles Heel” Of the Entire Financial System (+2K Views)

In my opinion the “final financial shot’ which leads to live financial fire (collapse)gold-silver will be in either the gold or silver pits of the COMEX or, ultimately, both. Why? Because, at $20 per silver ounce, it would take only $1.2 billion to crack that market open like a watermelon; because, for a pittance of money in today’s world, “trust” in the entire financial system of the West can be shattered. Some will say “big deal” or “who cares?” but it is a big deal and YOU should care!

The above introductory comments are edited excerpts from an article* by Bill Holter ( entitled Don’t be surprised if silver is the target.

The following article is presented courtesy of Lorimer Wilson, editor of (Your Key to Making Money!) and has been edited, abridged and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.

Holter goes on to say in further edited excerpts:

Yes, for just $1.2 billion “trust” in the entire financial system of the West can be shattered! The entire financial and banking systems of the West are based on “trust” alone. There is “trust” required in everything because the money itself is fiat which means it is not real or “backed” by anything. This is where the phrase “backed by the full faith and credit” comes from.

…The entire inventory of silver amounts to 175 million ounces in the silver market with a value, at today’s market price of approx. $20/ozt, of $3.5 billion.

  • $3.5 billion is roughly equal to the amount of QE that we were printing EACH DAY at the beginning of the year.
  • $3.5 billion is also roughly equal to the amount of fiscal deficit we run EACH DAY,
  • $3.5 billion is only about 2 days worth of U.S. trade deficit,
  • $3.5 billion is only 2+ days worth of interest that we pay on our debt,
  • $3.5 billion is a figure that maybe 1,000 individuals worldwide could come up with.

My point is this, in today’s world, “$3.5 billion” is almost nothing.

Silver is the Achilles heel of the entire financial system

A small market like silver is the Achilles heel of the entire financial system because:

  • If silver futures suddenly and collectively stood for delivery in one month, the inventory does not exist to deliver. For example, Sept. has 84,000 contracts outstanding which represents 421 million ounces of silver which could not be settled upon with a total inventory of 175 million ounces (of which 115 million are NOT registered as deliverable).

What would happen if enough contracts stood for delivery and then refused to accept settlement in cash?

  • This would result in a “default” but that is not the real problem.
  • The real problem is the fact that it would then also spread into the gold market.

Word would spread quickly and the “rush” would be on everywhere in “contracts” to get metal delivered, people would also rush to have metal delivered from unallocated accounts. In short, the lie would be exposed and actual holders of real metal would withhold their product and not accept fiat for their physical holdings. In essence, we would live in real time with a worldwide “run on the bank”.

As for the “nuts and bolts” part, this is easy. We know that China is none too happy with the U.S. and are now partnered financially, economically and militarily with Russia.

  • Could it be that the near record open interest in COMEX silver is of Chinese origin through proxies?
  • Has the BRICS bank been created because they know the Western banking system is on life support and THEY will be the ones pulling the plug? Personally, I think this is the case. The Chinese/Russian co op has the motive, the ability and the means to do this.

New BRICS Bank To Give IMF & World Bank Much Needed Competition

I also believe the BRICS nations have the “desire” as we have given them reason for so many years by abusing our “privilege” of issuing the reserve currency. The BRICS have been preparing for “something” now for several years. Don’t be surprised if it turns out that silver is the “target” because it is the easiest target.


The silver market is the smallest and probably the “most abused” market in the world. I believe it to be the most likely scenario in a financial attack which is now obviously (to me) just a matter of time…

Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.

* (Copyright © 2014)

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  1. If China bought all the silver and demanded it for delivery, the price would sky rocket and my stocks would FINALLY gain some % $$$$.

    I, for one, am sick of the manipulation , sick of paper and futures traders determining the price of my silver I have in my hands !

    Please China and Russia – do it already!!


  2. Imagine if China (to pick a wealthy country) decided to buy up all Silver using their US$…

    Got Silver