Highlights

• Bill Murphy of GATA.org returns with his perspective on the PMs sector.
• Savvy central banks around the globe recognize the strategic significance of bullion as sound money as seen by the continuing trend of PMs accumulation.
• Russia recently added several tons of 70 lbs. silver bars to the national stockpile.
• The silver bullion market is vulnerable to a short-squeeze, merely one billionaire could corner the silver market - according to Forbes, there are currently,425 billionaires, worldwide.
• As demand for high capacity battery power increases, due in part to electric cars / trucks, etc., silver demand will likely soar beyond current forecasts.
• While investors focus on Bitcoin / Altcoins, few realize that without significant silver based electronics, many electronic activities and devices would be impossible.
• Current official figures indicate that there is considerably more gold in above ground reserves than silver.
• Silver investment supply is more rare than gold on a purely investment basis, despite the fact that gold is 80 times more costly!
• 37 US states have passed legislation to restore gold / silver to the that status outlined by the national founders, as Constitutional money, including the latest, Wyoming and Alabama.
• The trend in gold repatriation continues unabated - Hungary is the latest nation to demand the return of its sovereign gold stockpile.
• Hungarian officials are following the precedent of Austria, Netherlands, Germany, and Venezuela, perhaps on fears of rehypothecation exposure.
• Max and Stacy visit scenic Puerto Rico, attending 3 crypto conferences (figure 1.1.).