Tom Bilyeu's Impact Theory

The Silver Shock: How China Just Changed the Global Game and Put the Dollar at Risk | Tom's DeepDives

55 snips
Jan 27, 2026
A deep dive into the silver price surge and how China’s control of refined supply is reshaping markets. A look at the mismatch between paper claims and physical reality in precious metals. Discussion of silver’s industrial role and why limited supply can spark systemic shocks. Exploration of how these shifts threaten dollar dominance and push investors toward real, productive assets.
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INSIGHT

China Controls Silver Supply

  • China has moved to control most of the world's refined silver by requiring export licenses, shifting price-setting to physical controllers.
  • This marks a paradigm shift from paper-driven markets to supply-controlled physical markets.
INSIGHT

Paper Claims Far Exceed Physical Silver

  • The paper-to-physical silver ratio ballooned to roughly 356:1, exposing massive paper leverage in markets.
  • That mismatch created systemic fragility when physical supply tightened and price discovery shifted.
INSIGHT

Export Restrictions Exposed Paper Fragility

  • By restricting exports, China revealed that paper contracts lacked guaranteed convertibility to physical metal under stress.
  • The market realized many paper holders couldn't obtain real silver, driving prices sharply higher.
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