31/01/2026
Last night the price of silver crossed the $100USD per ounce threshold.
After decades of being heavily suppressed by banks using paper shorts, silver like gold has broken free of the market makers. I.e. banks.
This is a very strong signal that the U.S. bond market and currency is under severe stress.
Silver has always been the preferred metal of the anti banking establishment.
The most famous proponent of silver was William Jennings Bryan, a former U.S. presidential candidate.
In 1896 William Jennings Bryan gave his Cross of Gold speech. It was the culmination of a decade worth of political debate over whether or not private banks should control the printing press.
Bryan and his followers wanted silver to be part of the legal tender to weaken the control that private banks would have if only gold was used to back the greenback.
Bryan lost his campaign to McKinley and the fight for a bimetallic standard was lost.
Ultimately private banks would win the day in 1913 and gain complete control over the US and eventually the world’s monetary supply, with the creation of the misleadingly named Federal Reserve.
Bryan was to be immortalised in a novel by Frank Baum called the Wonderful Wizard of OZ.
He was cast as the Lion, (Bryan rhymes with lion) Dorothy represented the American People, the Tin Man represented the worker and the Scarecrow represented the Farmer.
Dorothy wore silver shoes in the novel, not ruby as portrayed in the movie and the yellow brick road represented gold.
The Emerald city represented the greenback and the Wizard of Oz represented central banks, hiding behind a curtain that once pulled back would be exposed as a fraud.
It’s no coincidence that the US is sabre rattling more and more. Ultimately reserve currencies have to be backed by military strength to force countries into buying the currency. This is turn funds the military used to defend it.
In his “A chance for peace” speech Eisenhower referred to a cross of iron, implying that the power of the banks and the military were intertwined.
While gold and silver bugs may be celebrating the price breakout, we should be careful what we wish for.
These prices signal rocky times ahead for the both world peace and prosperity.
Australia is going to need politicians at the helm who understand global capital markets more than ever to ride the upcoming turbulence out.