Bitchute odysee Telegram Feed

EXCLUSIVE! Gold and Silver Dealers Start Restricting Buy Backs – May Soon Stop Buying Back Altogether

The fact that the rapid rise in value for gold and silver for the past few weeks could actually be negative, is a thought that had never crossed my mind, until this week, when I tried to sell some of my gold, and found out just how difficult it was, and may soon be impossible. I want to be very clear here that I am not offering financial advice, and that this article is ONLY about people who own physical gold and silver that they have in their possession. It has nothing to do with "paper gold" such as precious metal stocks and ETFs that are used for investments and a part of people's investment portfolios which are traded on Wall Street. I have almost no experience in that. There are a gazillion people on the Internet doing that already. My own gold and silver coins are in a secure safe and bolted to the concrete base of the house where I stay. Yesterday, January 27, 2026, I went to a local jewelry store where I have sold gold coins in the past, as I wanted to redeem some gold coins for a major purchase that was planned for this weekend. I have been to this place several times in the past when I needed to cash in some gold, and know the management quite well. Their usual rate for gold bullion is $50 below spot, which is very competitive. Sometimes if I had a gold collector coin, I could bargain them down to $20 or $30 below spot. When I walked in yesterday, the place was packed and there were more people there than I had ever seen before. When I got up to the teller and presented my gold, he looked up at a monitor and stated: "Our buy back price just went from 98% of spot, to 97% percent of spot, as the spot price just jumped again." He also stated that they were not paying out in cash, but only by check, and it was limited to one ounce of gold, about $5000.00, and that everything else above that would be paid by check after two weeks. Wow! There went my plans to make a major purchase by this weekend! Then the bomb fell. The guy who runs the place, who I like very well because he is non-partisan and, like me, believes that both political parties who run this country are equally corrupt, said to me: "You're lucky we're buying any gold at all." He went on to explain that his buyers were stiffing him, and some invoices were already 60 days late in paying him. Then he said: "If we wake up tomorrow, and the price of gold has shot up to $10,000 an ounce, we're all going to suffer."

Read More

Will Russia Backstop The Ruble With Gold?

Now that Russia has come right out and said it will only transact in Rubles when selling oil to “unfriendly” nations, I’m expecting gold to be the next safe haven for the nation to fall back on, as it desperately tries to backstop both its currency and its economy. The backstopping of the Ruble with gold can come in many forms and doesn’t have to be a direct peg from the Ruble to gold - it can also include the far more likely scenario of accepting payment for oil, the country’s most ubiquitous and valuable resource, in gold. A new directive from President Vladimir Putin saw the Russian leader say in a televised government meeting yesterday: "I have decided to implement ... a series of measures to switch payments — we'll start with that — for our natural gas supplies to so-called unfriendly countries into Russian rubles.” I said last month that Putin would push back on economic sanctions by “allying himself further with China, and even discussing with China the prospects of a monetary system outside of the current global monetary system.” Tying the Ruble directly to oil makes it “sound money” of sorts, because it is tied to a commodity with demand which ostensibly will help buoy demand for the currency. Demand for gold in Russia could continue to be voracious, especially now that the West is considering sanctions on Russia’s gold, including preventing the country from selling gold on international markets. Hilariously, the New York Times reported that U.S. Senators consider Russia’s gold to be a “loophole” in sanctions against the country: "The senators suggested that Russia’s $130 billion worth of gold reserves were a loophole in the sanctions that were imposed on Russia’s central bank. They said that Russia was laundering money through gold by buying and selling it for high-value currency." But it isn’t a loophole: this is the reason gold is a safe haven. There’s almost always going to be a bid for it somewhere - that’s part of what makes it sound money. And so preventing Russia from selling their gold actually does them a favor, of sorts, and encourages them to continue to build their stockpile. In fact, removing supply from the market may only serve to help gold’s price in dollars rise, potentially.

Read More