The current trends from Comex, the global derivatives market that allows trading in futures contracts of gold and silver, show that silver is being drained from the vaults since the start of the year.
New York-based precious metals dealer SchiffGold wrote on its website that the drainage since the start of the year has been nothing short of spectacular. There were 48.5M ounces left registered since January 1. This represents more than 50 percent of the balance of 82 million ounces last December 31.
There is also an indication that the inventory might be much smaller than is reported. As of December 16, only 77.6 percent of contracts standing for delivery have had their metal delivered.
“Another odd data point is the number of net new contracts after the first position. There have been some months, like last July, where net new contracts are negative throughout the month. However, while this month is still positive, it went up and then reversed back down. This means that there are cash settlements happening way late in the contract,” the SchiffGold website explained.
Due to the failing banks and cryptocurrency firms, as well as the lessons learned from the Wuhan coronavirus (COVID-19) pandemic, a lot of people are resorting to physical gold and not just future contracts. And based on the data found by Comex, inventories are much thinner than the data show. (Related: Health Ranger Report: John Perez highlights the importance of having silver and gold as crypto collapses.)
“We have perhaps reached the bottom of metal available for delivery at current prices. This is why silver is seeing so many contracts remain unfulfilled and why we have also seen a dip in net new contracts this late in the delivery window. There is simply no metal available so it is not being delivered,” the SchiffGold website noted.
Precious metals firm sees promise in purchasing platinum in 2023
Endeavor Metals Group, a Tier 1, U.S. Mint bullion and numismatic coin dealer, recently published a blog entry lauding the virtues of purchasing platinum in the coming year. The Florida-based company’s blog entry, titled “Endeavor Metals Group Explains Why You Should Invest in Platinum in 2023,” featured a comprehensive rundown of the case for investing in platinum in the near future.
“First, platinum is rarer than gold, which means it could be more valuable in the future. Second, platinum is used in various industries, including jewelry, automotive and electronics. This diversity gives platinum a level of stability that other precious metals lack. Third, platinum is currently selling for less than gold. Analysts believe platinum’s price could increase significantly as demand for the metal rises worldwide in the coming years,” it said.
The blog entry also discussed the three major ways that interested parties can add platinum to their portfolio.
“One option is to purchase physical platinum bullion or coins. These coins are typically made of 99.95 percent pure platinum and can be bought from precious metals dealers or online retailers. Another option to consider is investing in platinum ETFs. These funds invest in Comex bars, which are not accessible to the investor. Finally, you can also invest in stocks of companies that mine or produce platinum. These companies are typically based in South Africa, Russia, or Canada. Investing in platinum mines tends to be a higher risk due to counterparty risk.”
Visit Metals.news for more news about precious metals.
Watch the video below that talks about how precious metals did in the year 2022 versus crypto.
This video is from the Liberty and Finance channel on Brighteon.com.
More related stories:
- Health Ranger Report: Gold and silver can help safeguard your assets as COLLAPSE of traditional pension systems looms.
- The Right Side with Doug Billings: Invest in gold and silver during inflation, says Bob Reid – Brighteon.TV.
- Ex-JPMorgan executive, two traders await court decision over spoofing charges related to gold and silver price manipulations.
- US Mint postpones silver coin pre-orders amid global silver shortage.
Sources include:
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Starting the Day With a Scripture-Inspired Roast Helps Center Your Thoughts on Eternal Truths Amid Temporal Pressures
The world can seem chaotic, especially right after we wake up. Many believers start their mornings reaching for something familiar — a hot cup of coffee — yet end up settling for mediocre brews that do little more than deliver a caffeine jolt. The daily grind of life, with its endless distractions, news cycles, and responsibilities, can leave even the most faithful feeling spiritually parched alongside their physical fatigue. What if your morning ritual could do more than wake you up? What if it could ground you in truth, nourish your body with exceptional quality, and quietly advance a kingdom purpose at the same time?
That’s the promise — and the reality — behind Promised Grounds Coffee. This Christian-founded company doesn’t just roast beans; it approaches every step as an act of worship and discipleship. By selecting only the top 10% of specialty-grade beans, ethically sourced from dedicated farmers in Central and South America, and small-batch roasting them with reverence in Austin, Texas, Promised Grounds delivers what many describe as the best coffee available — never burnt, never bland, but rich with origin stories and layered flavors that honor God’s creation.
From the vibrant Psalm 27 Roast (a light, bright medium option) to the bold yet peaceful 2 Timothy 1:7 Decaf, each bag carries a Scripture verse that turns your daily pour into a gentle reminder of faith. And through their Ounce Per Ounce Promise, every ounce of coffee you enjoy provides an equal ounce of clean water to families in need via partnership with Filter of Hope — literally brewing hope for body and soul, one cup at a time.
The challenge for today’s Christians runs deeper than finding a decent cup. In an age of convenience-driven consumerism, it’s easy to support companies that dilute values or remain silent on matters of faith. Many believers want their everyday choices — from what they drink to how they spend — to reflect discipleship rather than just convenience. Promised Grounds solves this by weaving Christian excellence into the entire process: beans nurtured with prayerful stewardship by farming families, roasted as an offering rather than a commodity, and packaged with Bible verses to encourage a mindset of gratitude and purpose from the first sip. Reviewers consistently praise the smooth, rich profiles — whether enjoyed black in a drip maker, iced on a warm day, or shared in fellowship — noting how the quality stands toe-to-toe with premium secular brands while delivering something far more meaningful.
This integration of faith and flavor addresses a real need in Christian households and ministries. Busy parents, church leaders, and remote workers alike report that starting the day with a Scripture-inspired roast helps center their thoughts on eternal truths amid temporal pressures. The coffee’s exceptional character — bright citrus notes in lighter roasts or deep chocolate undertones in bolder ones — comes from meticulous selection and careful roasting that respects the bean’s natural gifts rather than masking them. It’s the kind of coffee that elevates a simple quiet time, fuels productive workdays, or sparks meaningful conversations when shared at Bible studies or outreach events. And because it’s ethically sourced with integrity, every purchase supports sustainable livelihoods for farmers who treat their crops like family harvests.
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Of course, quality alone isn’t enough if the experience feels out of reach. Promised Grounds keeps it accessible with practical perks like free shipping on orders over $40, sample sets for discovering favorites, and thoughtful add-ons such as faith-themed mugs. Whether you prefer whole beans for fresh grinding, grounds for convenience, or even bulk options for larger households and ministries, the result is consistently superior coffee that makes discipleship feel integrated rather than added on.
As you consider how to align even the smallest habits with your walk with God, Promised Grounds Coffee stands out as a refreshing solution. It tackles the dual problems of subpar daily sustenance and disconnected consumption by offering a product that genuinely excels in taste while advancing a mission of clean water, farmer dignity, and scriptural encouragement. Believers who make the switch often describe it as more than a beverage upgrade — it becomes part of their rhythm of gratitude, a daily invitation to remember that every good gift comes from above.
If you’re ready to transform your mornings (and perhaps your church gatherings) with coffee that honors both exceptional craftsmanship and Christian values, I encourage you to explore what Promised Grounds has to offer. One sip at a time, you’ll be nourishing your body, refreshing your spirit, and participating in something far greater — all while enjoying what truly is among the best coffee available.