Coffee and a Mike Vince Lanci #1235
Oct 19, 2025
Vince Lanci, a seasoned commentator and the publisher of the Goldfix Substack, dives into the complexities of silver and gold trading. He discusses the challenges facing the LBMA and the potential for silver prices to rally, possibly hitting $144 in a few years. Vince explains China's dwindling silver supply and the geopolitical implications of U.S. policies in Latin America. He warns of risks associated with reindustrialization and the threat of rising public-private partnerships leading to corporatism in the U.S.
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Last Interview Mood And Silver Fans
- Vince jokes he's done many interviews and is going into hiding after this week.
- He praises silver 'bugs' Bobby Boots and Vern as passionate physical silver advocates.
London Is An IOU Hub Not A Physical Spot Market
- The LBMA London market functions more as an interbank IOU hub than a true physical spot market.
- A breakdown in trust among bullion banks created a real physical silver shortage despite global supply sitting elsewhere.
Physical Silver Is Misallocated, Not Missing
- China and the U.S. hold large silver stocks but refuse to lend, causing London lease rates to spike.
- To restore London as a global hub would require shipping hundreds of millions of ounces, which is impractical.