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There Will Be NO SILVER If THIS Continues | Robert Kientz

Liberty and Finance Jul 30, 2026

Summary

Kientz says China is shifting Shanghai toward physically delivered gold trading, tightening export controls and cutting paper participation to challenge Western price setting.

COMEX (the main US metals futures exchange) has drained to about 27 million ounces of gold and under 100 million registered silver, he reports.

Gold decoupled from consumer price inflation in 2024 and now trades as a crisis hedge, in Kientz's view.

Every 40% silver correction since 1974 has rebounded to a new all-time high, supporting his case that precious metals preserve purchasing power.

Twelve US states now treat gold and silver as legal tender, and model legislation aims to reach 25 states before a federal push.

Dunagun Kaiser's takeaways

  • Top takeaway Signs off for Liberty and Finance (as "Kaiser Johnson") and presents the Myles Franklin weekly specials for July 27-August 3, 2026, noting all that week's specials are IRA eligible.

Elijah K. Johnson's takeaways

  • Top takeaway Hosts the interview, steering it from the new Shanghai gold market rules to price manipulation risk, and frames owning metals as insurance against the system break the guest describes.
  • Points out the East-West cultural gap, noting the vast majority of Americans hold nothing in precious metals.

Robert Kientz's takeaways

  • Top takeaway Warns that China and other nations are pulling physical gold and silver out of Western exchanges and that, if it continues, the Comex will run out of silver — as of the interview, registered silver sat under 100 million ounces and Comex gold near 27 million ounces.
  • Argues China's late-July removal of retail paper trading in Shanghai is a deliberate move toward a market eventually 50% physical-backed — versus about 0.5% physical delivery at Comex and roughly 1% in London — and predicts China becomes the de facto center of world gold and silver trade within a few years.
  • Warns that with $39 trillion in US debt and 30- and 20-year Treasury yields above 5%, rising rates could trigger bank failures and bail-ins, and that gold backing that debt one-to-one would require roughly $150,000-an-ounce gold against about 8,000 tons of US gold unaudited for over 60 years.
  • Contends gold has been priced as a crisis hedge rather than an inflation hedge since 2024 and urges savers to hold a core metals position and stack regardless of price, arguing nothing else preserves purchasing power through recessions.
  • Reports his gold legal-tender model legislation passed nearly unanimously at the Orlando ALEC conference, that 12 states including Texas and Florida already have such laws against a goal of 25, and that the US House has held a closed-door hearing on the issue.