President and CEO of SD Bullion, Tyler Wall, was interviewed by Bloomberg providing updates to the silver market.
Prices now are at least a 30% premium over spot prices.
Physical silver is almost all gone.
Tyler Wall
The report also stated, Silver jumped to a 5-1/2-month high of $29.01 early Monday and is currently trading at $28.58, representing a 6% gain on the day.
The metal picked up a bid near $25 on Thursday after a Reddit user called a short squeeze. Prices rose 5% and 1% on Thursday and Friday, respectively.
AUTHOR COMMENTARY
[1] Go to now, ye rich men, weep and howl for your miseries that shall come upon you. [2] Your riches are corrupted, and your garments are motheaten. [3] Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.James 5:1-3
If you have not read our study, “Should A Christian Invest In Gold And Silver?” – you need to. We cover the different reasons why a Christian should NOT purchase gold and silver. If you want the short answer, read the above verse. This is a prophecy that is in the process of being fulfilled right now. The gold and silver will become worthless; and I know that is such a crazy statement to the average joe or someone who is stacking gold eagles right now, but it is Bible truth.
I am reporting on this to analyze and warn against the very clever and subtle trick of Satan. He WANTS people to get into precious metals, because, as our study on this issue and other reports prove this – everything is going towards a digitized/crypto society of virtually no money of biometrics.
[10] To whom ye forgive any thing, I forgive also: for if I forgave any thing, to whom I forgave it, for your sakes forgave I it in the person of Christ; [11] Lest Satan should get an advantage of us: for we are not ignorant of his devices. 2 Corinthians 2:10-11
[16] And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: [17] And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. [18] Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.Revelation 13:16-18
I am certainly not in favor of betting on the dollar: that too will go by the wayside, which it is already really starting to do so.
Silver and Gold sales are going through the roof right now for various reasons, some we have already explained in reports. Gold, silver, and other precious metals, will continue to go higher and higher as the currencies of the world inflate: do not fall for the trap.
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