Anyone who watches news in Australia would not know right now we are in the middle of a huge overhaul of the financial system - and its long overdue.

Cryptocurrencies are taking over from the Dollar and what's left of Dollars and other currencies will be backed by precious metals - something that went out the door back in 1971 with American President Nixon.

For silver, it has long been manipulated by the central banks.  Looking on social media we see numbers growing around the world where people are buying up silver to stop the short selling and suppression of silver - something which is done by some very clever manipulators called central bankers to boost the American dollar.

But buying silver now is not just about breaking the corrupt system or for making big profits, its about surviving the new era ahead of us.

For many decades manipulating silver prices down to prop up the dollar was the strategy but that will not continue to work.  The price of physical silver has been forced down by short selling silver on paper.  The actual buying of silver has been extraordinary recently.  And supply of silver has dwindled.  Many mints around the world have been running out of silver bars for retail buyers including the popular 10oz bar.

The actual amount of silver available to precious metal collectors is small.  There is growing demand industrially for silver.  It is used in solar panels, electric cars, two large growing industries.

When there is an economic contraction foreign owned silver mines could be nationalized by governments. If you own shares in a company that mines silver in Peru or Mexico - look out! They could be seized.  Why would a government let its national wealth be exported in a financial crisis.

For several thousands of years 10 gold equalled 1 silver.  But because of manipulation, today it is 65 gold for 1 silver.  Some think that because gold has no purpose other than a status symbol, and because of silver's most conductive metal and non-corrosive characteristic, it could one day be 1 to 1. 

And dont forget in 1998 when silver manipulation was rampant, Warren Buffett purchased 130 million ounces of silver.  Buffett is known to not like gold but he does like silver.

If you haven't heard of Eric Sprott you soon will.  Like Elon Musk, Eric Sprott has been speaking out about how rigged the market is. While Musk has been buying Bitcoin, Sprott mostly owns silver mining stocks.

In 2020 some Canadians who were sick of short sellers manipulating stocks, came together to speak out about it.  Their group was called "Save Canadian Mining".  Eric Sprott was one of them.  When he spoke out, his company Kirkland Lake Gold which was listed on the ASX, became the number one most shorted company overnight.  The short sellers who have some of the journalists in their pocket and have managed to convince the rest that they do not evil, were not too happy about the billionaire speaking his mind.

Sprott will do very well with any massive increase in silver price and if and when that happens, maybe the tables will be turned on those that rig the system.  Before, billionaires and bankers were on the same side, but now there are a growing number of billionaires like Sprott and Musk who are on our side.  Look out Wall Street.  But the civil war against Wall Street is not an easy one when they own the politicians, the media and the judges.

But we can own social media.

Right now there is a campaign on social media where the #silverarmy are asking people to follow them and in return for a follow, they will buy 1 share of $PSLV. This is the Sprott Physical Silver Trust.  Unlike the $SLV ishares Silver Trust run by JP Morgan, the Sprott Trust buys physical silver for every increase in share price. And they show proof that it has been bought.

JP Morgan now holds 133.1 million ounces of physical silver and the world record for most silver held under one name. Today, it also owns 50% of the world's COMEX silver bullion.  One can fathom a guess at who has been manipulating silver.  After all, JP Morgan is not a stranger to large fines for manipulating prices,  last year they were fined $920 billion US for rigging gold and silver futures prices. In 2019 they along with other banks were fined $1.07 billion Euros for rigging the foreign exchange market.  

This week is also a crucial week for silver deliveries.  This week silver trusts have to reconcile and own the silver they are supposed to.  If they cant we could see the silver short squeeze that we have been expecting for a long time.  It may not happen tonight but it will happen and when it happens a lot more people will see how rigged the system is.

Be prepared to wait in long lines if you want to buy physical silver in the future.