This has a number of possible implications regarding silver. First let me address the author’s point about gold. I believe he is wrong in downplaying what has been going on with gold coming to the US. Just because the US govt. isn’t buying the gold thru the US Mint like it is doing with silver, doesn’t nean they aren’t buying gold.

The gold is being bought thru the use of the proxy bullion banks for the US Govt. as the client. This provides the govt. with plausible deniability about them buying gold. If they bought the gold directly by either the mint, the FED or the treasury, then everyone would know the US didn’t have the 8,000 tons that they have said they have for the last eighty years. That would cause the dollar to collapse and treasury interest rates to spike higher.
So it makes complete sense the gold is being bought clandestinely by the bullion banks, for the government.

The big news is all the buying of silver by the govt. directly via the US Mint. Here it gets a little less clear as to the motivation, other than the fact that they need silver, especially for military and national security purposes. Unlike the Russians who came out and said they are buying silver for their strategic reserves, and the Chinese who are doing so but without an official proclamation, but are encouraging their citizens to do so.

The US Mint is the way the govt. procures silver. Mostly for the Silver Eagle program that started back in 1986. The mint has also been a major facillitator of naked short selling on the Comex to hold down the price of silver whenever there has been sharp spikes over the years. They use the cover of hedging their silver inventory but have lost money on their operations in years when if they were truly hedging they would have made money or broken even. The Mint is not suppose to be making a profit like a bank or hedge fund. They are suppose to produce Silver Eagles to sell to the public.

They haven’t produced or sold any(possible exception of a small number of collectible coins) US Silver Eagles in 2025. There are some with the 2025 dates that were produced in late 2024 for sale in 2025. While it could be the US, under the new administration, is just trying to compete with Russia, China and India in obtaining silver in an ever tightening market, there could be another reason as well.

This is just my speculation, but if the US intends on going back to a bi-metallic monetary system to replace the current failed fiat one, it is woefully under supplied with silver to make the coins (whether Silver Eagles) or any other type of currency. No one that I have seen, other than this author, has raised the question about direct purchases of silver by the US govt. Just as the gold importing was initially dismissed as a tariff issue, erroneously, I might add, the author is wrong about what is going on in gold, and doesn’t delve deep enough about his silver revelation. That too will invite a lot more scrutiny and discussion going forward. https://silverseek.com/article/gold-hoax-us-treasury-buying-more-silver-uk