By: Richard (Rick) Mills, Ahead of the herd - 10 January, 2020
At the risk of beating a well-worn drum, gold is the ultimate safe haven in times of political or economic crisis. This investing truth has been proven, yet again, during recent events in Iran, when gold shot to a six-year high north of $1,600/oz.
In our post-9/11 age, where the options of colossal damage to human life are limited only by the imaginations of the misguided, anything now seems possible. As investors, the best way to protect ourselves against a global (or regional, depending on where you live) calamity that even a large cache of US dollars could fail to provide, is to own gold.
And remember the out-of-whack gold-silver ratio, that is bound to compress. Before it does, you want to own silver. Full Story
During the run-up to year end, the narrative being fed to the population by the Wall St./Fed crowd was that massive liquidity [cash] injections were required in the banking system to ensure there were no “accidents” over the “turn” of the year end calendar to 2020. We’ve all been treated to some pretty sophisticated technical explanations by Wall Street and Fed mavens about the intricicies and manutia of balance sheets and bazookas.
So what is the true nature of our global financial malaise? Full Story
Inflate or die! It is likely that runaway inflation or a deflationary depression are in our future—maybe both. I expect massive inflation followed by a deflationary collapse. That fits the “DNA” and “printing” inclinations of central banks. We shall see.
Deficit spending, debt creation, fiscal and monetary craziness, and political nonsense are dominant. They will self-destruct to the detriment of many people.
Prices for gold, S&P 500, food and gasoline will be much higher in 5—10 years.
Individuals will express their displeasure at the ballot box and in the streets. Think Paris and other cities.
Gold and silver have preserved wealth for centuries. Can we say the same for pounds, dollars, or sovereign debt? Full Story
By: Dave Kranzler, Investement Research Dynamic's Mining Stock Journal - 8 January, 2020
Unequivocally, the “repo” operations by the Fed is “QE.” Well, let’s just call it what it is because “QE” was coined in place of “money printing.” The socially correct posture to assume on Wall Street and in DC at the Fed is to label the current bout of money printing “repo operations.” In fact, based on all of the underlying data I scour daily, let’s just cut to the chase and call this a de facto banking system bailout. Full Story
Our friend B.A. tonight challenges optimism among gold and silver investors that the latest crisis in the Middle East will explode Western central banking's longstanding gold price suppression policy.
Ordinarily your secretary/treasurer would agree with him and change the channel from news to anything promising comic relief. After all, these geopolitical crises never mean anything to the monetary metals after a day or two. Your secretary/treasurer hates them for distracting people from the reasons provided by the world financial system for higher gold and silver prices. Full Story
By: Michael J. Kosares, USA Gold - 6 January, 2020
In other words, smart money is hedging with actual coins and bullion, not the paper gold ETFs. Ownership of a gold ETF is simply a price bet – a speculation on the price of gold. If your interest is ultimate protection against economic and financial market uncertainties, gold coins and bullion are the way to go – assets that are not simultaneously someone else’s liability. Full Story
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