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Orders for Sukkot are underway, silver prices could fall further.

In recent days there have been increasing rumors about an increasing decoupling of gold and silver trades in China from Comex price determination.


It's not just that the prices on the Shanghai stock exchange are significantly higher than the prices in the West.

..there are also indications that the East's purchases of silver ore sand and concentrate are increasingly being made directly from large mines and manufacturers and are making global manipulated price determination via the large stock exchanges in New York and London more and more superfluous or thus eliminated provide strength. Private deals decide on their own pricing, the pricing of Comex and London is increasingly less included here.


China is expected to import 1.6 million tons of silver ore sand and concentrate in 2023, doubling the 2020 volume and quadrupling the 2014 import volume.

At the same time, we know that strong physical demand, especially for silver, is steadily increasing, especially from industrial sources as well as from private investors, while Comex inventories are slowly running out.


Michael Lynch writes on Reddit:


Over the past 14 years, Comex registered silver has averaged 5 months worth of deliveries. After 2-1/2 years of silver shortages and vault depletions, there is now barely enough registered silver to cover to cover an active monthly contract.



All in all, this means that while the big silver deals are increasingly bypassing the Comex in view of the fundamental scarcity of the material, a situation could theoretically arise where the Comex or the price determination would be completely empty, especially at this massively undervalued price collapses here.


Especially with the current price setbacks in gold and silver due to the recessionary situation due to rising interest rates and a still strong US dollar, this situation can actually only get worse and it is also a matter of time before a real short squeeze occurs causes the price to explode. However, due to the worsening situation worldwide in many areas, we do not know from which side the big bang will come and how exactly the situation will unfold.


As long as the current price system is still running, further price drops in gold and silver are still possible.


Especially in the last few weeks, some hardcore bulls have already accepted the frustration that the expected price breakout for this year seems to be missing, on the contrary, prices seem to be falling again and the bottom doesn't seem to have been reached here either.


Even this afternoon, when the inflation data comes out in the USA, this could well put further pressure on gold and silver prices and offer us increasingly cheaper purchasing prices in the next few weeks.

 


The nation of Ephraim is not letting the manipulated paper pricing of gold and silver stop them from moving God's money in physical form.


In the last 12 months alone, around 70 kg of silver were moved by the trust, in the form of TempleCoins sold and physical material purchased for certificates.


The trust holdings currently stand at 222,173.89 grams of silver.

 

The day before yesterday, Silver TempleCoins traveled to the Holy Land again, only to be handed over to the Sanhedrin Initiative in Israel yesterday. The next orders for handing over the tithe at Sukkot are already waiting to be handed over until Sukkot.


If you also want to have your TempleCoins travel to the Holy Land in time to pay your tithes, you can order them here:


Simply write "Sukkot" or "Festival of Tabernacles" or "Tithe" in the order notes and we will personally ensure that your silver is delivered in Israel to the Sanhedrin Initiative to accelerate the construction of the 12-tribe kingdom .

For larger tithe payments, you can also order the new 777.5g fine silver bar from TempleCoin and it will be placed in the future Temple Treasury in Israel as God's storehouse.

The same applies here: If you don't write a note in the order that we should arrange delivery to Israel, we will ship the order to you.


The Shavuot edition and our popular 1G Goldcard are also available:



The real highlight of the Ephraim National Gold&Silver Trust can be found in our trust exchange, where you can buy gold and silver-backed certificates at the absolute best price without having the classic storage problem.


Each certificate is individually backed by us with one gram of silver or gold, which is stored in our own LBMA account.

Each certificate is further tradable in our own trading system and company certificates are also available.


The price of the silver and gold-backed certificates is unbeatably tied to the spot price, currently only 67.23 euros for a Trust G certificate and 0.79 euros for a Trust S certificate.


You can join the Ephraim National Gold & Silver Trust quickly and easily:


You can acquire access to the trust for a one-off membership payment of 100 euros with the access requirement of the Ephi Card. So make sure that the TrustAccount is only for EphiCard holders or Jews with Tudadesut.


If you don't have an Ephi ID card yet, you can get it here together with the trust account for an additional 100 euros for the Ephi card.


Also take a look at the TempleCoin Shop for other exciting products .



The Trust wishes you a nice preparation time for Sukkot! Shalom.


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