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By: GoldSeek.com - 29 July, 2020|
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By: Hubert Moolman - 29 July, 2020|
At around the 2008 financial crisis (during the significant monetary base increase) gold fell to a low of about 34% below the then all-time high. After about 4 months gold increased about 47% from that low, but did not make a new all-time high.
The new all-time high only came about 13 months after the low of the crisis.
During the current crisis ( after the significant monetary base increase) gold fell to a low of a about 25% below the all-time high. It is also important to note that the fall to the low was percentage wise much lower than that of the 2008 crisis (indicating gold being much more resilient this time). Full Story
By: Frank Holmes, US Funds - 29 July, 2020|
The U.S. Mint made an unusual request last week. In a press release dated July 23, the bureau literally begged Americans to start putting coins back into circulation by spending or depositing them.
As you may have noticed, people just arenít making transactions with coinage like they used to. Thatís especially the case now in the age of the coronavirus. With many people sheltering-in-place, billions of dollars in everyday purchases are being made online that in normal times would have happened at the cash register.
This is creating a national coin shortage. Full Story
By: Steve St. Angelo, SRSrocco Report - 29 July, 2020|
Due to measures taking by the West Point Mint to protect workers from the virus, the production of gold and silver coins will be reduced over the next 12-18 months. By enacting these worker policy changes, the U.S. Mint will not be able to produce gold and silver bullion coins at the same time.
By: Chris Powell, GATA - 29 July, 2020|
If the FT thinks the gold price is unpleasantly high now, what will the price be if the world ever realizes that most of the gold it thought it owned doesn't exist and never did? If the world ever finds out, it may fairly ask why the FT never reported it, though documentation of central bank gold price suppression policy has been delivered to the newspaper many times over the last 20 years without prompting the newspaper to put a single critical question to any central bank. Full Story
By: Chris Powell, GATA - 28 July, 2020|
The documentation has been provided constantly to major financial news organizations but almost always ignored, being considered a national security issue.
Has CBS News ever put a critical question to a central bank? Has any mainstream financial news organization ever done that?
If mainstream financial news organizations ever attempted journalism in regard to the gold market, central bank policy based on deception would fail instantly. Full Story
By: Dr. Ron Paul - 28 July, 2020|
Fedcoin could threaten private cryptocurrencies, increase inflation, and give government new powers over our financial transactions. Fedcoin will also speed up destruction of the fiat money system. Whatever gain fedcoin may bring to average Americans will come at terrible cost to liberty and prosperity. Full Story
By: Pentti Pikkarainen - 28 July, 2020|
I have worked as an economist in several positions at a central bank, ministry of finance and universities. Monetary arrangements have always been on my focus either as a policy practitioner or as a researcher.
While working at the Bank of Finland some of my colleagues called me a monetarist hawk or a hard line monetarist. I do not like naming and shaming but that description reflects quite well my thinking on monetary issues.
I am an old school monetarist in the sense that one should pay attention to the development of monetary aggregates and credit expansion. Full Story
By: Avi Gilburt - 28 July, 2020|
Consider that Goldman's stock price is now below the high it struck in 2007, before the financial crisis began. That does not present a healthy picture of this company to me.
In the meantime, I think there is potential for Goldman Sachs to rally towards the 320-340 before depositors really need to become concerned about their cash being held by some of the largest banks in the world. Full Story
By: Robert Lambourne - 27 July, 2020|
The BIS, which acts as a broker for many central banks, is estimated to have reduced its position in gold swaps and gold-related derivatives to 391 tonnes in June, down 21 tonnes from the 412 tonnes estimated at the end of May.
The bank's use of gold swaps and derivatives still shows a robust increase in the last 13 months, In May last year it was only 78 tonnes. Full Story
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