Will gold, silver bullion see severe shortages again?

With lockdowns resuming in Europe, concerns rise that London, a major vaulting center, will face logistical challenges in transporting and servicing gold and silver bullion, similar to what happened in March that led to shortages of the physical precious metals markets.

- Source, Kitco News

Palisade Radio: Precious Metals Will Trend Higher This Winter

Gold, Silver and Gold Stocks have bottomed and are now setting up for a continued rebound into 2021.

- Source, Palisade Radio

Would you really want $10,000 gold? Peter Hug gives his 2021 outlook

$10,000 gold price would mean the end of the financial system, as we know it. 

Peter Hug, Global Trading Director of Kitco Metals, talks about likely scenarios for inflation, the economy, gold, and silver for 2021.

- Source, Kitco News

Kevin Muir: Don't Fight The Coming Fiscal Stimulus

Ron Paul: The Great Reset, A Great Delusion, But More of The Same

It is a hallmark of central planners to proclaim the paradise that they're going to create on Earth. 

Human freedom will be gone, of course, and the world will be set straight by the authorities and planners. 

'You will own nothing, and be happy,' is the newest bottle for the old wine. As always, it's best not to get caught up in the latest sales pitch, but always embrace one's own freedom and liberty.

- Source, Ron Paul

Craig Hemke: 2020 Hindsight, Gold to Party Like its 2019

Doug Casey: How to Protect Yourself in the Most Chaotic Decade

Tom welcomes a man who should need no introduction Doug Casey. Doug is a libertarian philosopher, speculator, and author. 

Doug discusses why it's difficult today to be an investor with all the government economic distortion and mis-allocation of capital. 

However, in contrast a speculator can do well in this environment. He says, "Being a speculator should not be confused with being a trader." 

Doug is very bullish on gold at these levels because the crisis's we are facing is very serious. The dollar is still the worlds reserve currency and most trade is still done with it. 

Most central banks hold dollars and it is the official currency of several countries and the defacto currency of many others. When the dollar collapses it will have profound international consequences. 

There aren't many assets today that are cheap and the stock markets are very overpriced. 

Bond markets are in a hyper bubble with interest rates approaching zero. Commodities are one of the few things that are cheap today. Doug is of the opinion that gold will be used once again as day to day money. 

It's a great speculation and when the world loses confidence in fiat what else will be trusted. Doug outlines the dangers of the gold mining business and the risks involved. 

However, today most mining equities are undervalued and therefore he remains very bullish. 

Doug feels that bitcoin has excellent characteristics as money and also the utility of being able to transfer value without permission. 

Lastly, Doug discusses his novel series with his latest book being Assassin, being third in the series.

- Source, Palisade Radio

John Williams: Gold Says Hyperinflation Straight Ahead

Economist John Williams expects to see some very large inflation because of all the stimulus coming and predicts, “The more left we go, the more rapid will be the demise of the dollar. 

Eventually, it will be a hyperinflation in the United States. What I am looking at here is this evolving into a hyperinflationary Great Depression. 

To save yourself, you have to preserve your wealth, your dollar assets. 

To do that, you have to convert your dollars into physical gold and silver, precious metals and just hold them. 

They will retain value over time as opposed to paper dollars that will effectively become worthless. 

You’ll be getting a lot of money from the government, and they will keep giving you more and more and more, but that’s going to be an environment of rising and rising inflation. It’s not necessarily going to buy you more.

Hyperinflation will bring political disruption. Hyperinflation is a form of default. 

Gold is telling us hyperinflation is straight ahead of us.” Williams says, “When the Fed finally gets the more than 2% inflation it wants, the real inflation will be 12% to 15%. Hyperinflations happen quickly."

- Source, USA Watchdog

Alex Newman: Dems Committed Election Treason? Largest in History?

Journalist Alex Newman says this 2020 election fraud is the biggest in the history of the free world. Newman explains, “This is on a whole other level. 

They are not just trying to steal our money, they are trying to steal our country, our future, our liberties and our constitutional system of government. 

That is, by definition, treason. It is waging war against the United States. 

The fact that no charges are being filed and no investigations going on it tells you everything you need to know about AG Barr, the DOJ and the FBI.

There is a coup underway right now, a coup d’état. Their goal is a complete overthrow of the United States of America.”

- Source, USA Watchdog

Alasdair Macleod: Preparing for a Monetary Reset

Alasdair Macleod explains why he believes the destruction of dollar and euro are inevitable and how we common citizens can best prepare for a New World Order.

- Source, Jay Taylor Media

Seeking Optimism from Frank Holmes in this Dystopian World

Frank Holmes, CEO and Chief Investment Officer of U.S. Global Funds, shares what other investment opportunities he sees in addition to precious metals.

- Source, Jay Taylor Media

Prepare for Societal Breakdown & Financial Crisis

​In a reversal of roles, Dunagun Kaiser, the founder and host of LibertyandFinance.com becomes the guest as he joins affordable health crusader Elaina George MD on her Oct 17, 2020 episode of Living in the Solution on LibertyTalk.fm to discuss the importance of being prepared for a collapse of society and/or financial crisis both physically & monetarily.

- Source, Liberty & Finance

John Rubino: Mass Layoffs Coming One Way or Another

Financial writer John Rubino says expect mass layoffs of city and state workers as deficits explode and tax income plunges.

Rubino explains, “If they can’t pay their bills, they can’t pay their bills. If it can’t happen, it won’t happen. So, you get effective bankruptcy via defaults for a lot of these places. 

That means massive layoffs of city and state workers and turmoil in the bond market. That kind of thing alone is enough to send the U.S. back into recession assuming we are out of recession when it happens. 

If you combine this with all the other stuff that will be going on, it is going to be one of those perfect storm scenarios where everywhere you look, somebody is in trouble and demanding a federal bailout.

The federal government has a printing press. They can bail out Illinois mismanagement and Chicago mismanagement and basically bail out the politicians who did all of these things. 

This will come at the cost of the financial markets in general and the currency markets in particular. 

When they see trillions of dollars in bailouts here and trillions of bailouts there, they will conclude maybe you don’t want to hold the currency of the country that is doing this. 

Then the U.S. starts looking a lot like Illinois does now, not AAA credit and that is when the debt spiral starts. This causes people to lose faith in the currency, and then it’s game over.

There are mass layoffs coming one way or another. It’s just a question of who gets laid off.”

- Source, USA Watchdog

Ted Butler: Squeezing Out the Silver Shorts

Tom welcomes a new guest to the show Ted Butler to discuss everything silver market-related. 

Ted has been following these markets for thirty years and closely watched the Comex during that time. In April of 2011, when silver hit $50, there was an increase in physical movement through the Comex system. 

This increase also occurred when JP Morgan started storing silver. Over the past nine years, some 2.5 billion ounces have moved through the Comex system. 

The question is, why is there such high flows only in silver and not other metals. He believes this is due to silvers uses as an industrial commodity, with this demand consuming most of the newly mined supply. 

When we get additional investment demand, we will likely blow the roof off the price as silver is the only commodity with this dual demand profile. 

Price controls on silver have kept it suppressed, but all that's required to avoid a shortage is to allow the price to rise through standard supply and demand. 

Today, it's hard to find a genuine bear in the silver market because it's so cheap relative to everything. Ted believes that a significant reason for Bear Stearn's collapse was their silver short position in 2007. 

JP Morgan no longer holds a short position having mostly exited the paper silver markets since they acquired a massive stockpile of metals. 

They are currently neutral on the market. This is a good sign that the game is changing, and the other banks that are short today may be unable to exit without considerable losses.

- Source, Palisade Radio

Precious Metals Update and $67 Silver Eagle Price Increase

Reinventing The Monetary System With Decentralized Finance

Alex Saunders, CEO and founder of Nugget's News, joins Real Vision CEO, Raoul Pal, to explain the reinvention of the monetary system through new crypto payments systems based on Bitcoin, Ethereum, and stable coins. 

He tells Raoul the story of his introduction into the crypto world. Saunders also breaks down the expansion of global e-commerce through the explosive growth of decentralized finance.

- Source, Real Vision Finance

Ron Paul: Goodbye Middle Class? The Prime Victim of Big Government is Disappearing

Individual Liberty and Big Government are mutually exclusive. When America largely operated under a Constitutional government, the American middle class was awe-inspiring. 

Now, with a Constitution that is ignored, and with the biggest government to ever exist, the American middle class is disappearing.

- Source, Ron Paul

Inflation at Any Cost: The Fed is Destroying the Currency

​“The effect of monetary inflation, even at two per cent increases, is to transfer wealth from savers, salary-earners, pensioners and welfare beneficiaries to the government.”

- Source, Liberty & Finance

A Deep Dive On Platinum, Gold, Silver & Ratios: Value Investing In Precious Metals

This week we look specifically at platinum investing in 2020, looking at platinum's price movements over the last decade. 

We'll identify how platinum's price movements relate to gold, palladium, the automotive industry and more.

- Source, Golden Rule Radio

Gold, Bitcoin as Best Defense Aainst Coming Volatility

“In 2008, people were worried about losing their homes, or their second homes, or their third homes, or things of that nature. 

Now, you have people that don’t know necessarily if the stimulus check doesn’t come, where their next meal is coming from. 

That kind of fear changes behaviors across everything,” said Jason Urban, CEO of Drawbridge Lending and former institutional trader at Goldman Sachs.

- Source, Kitco News

Silver Setting Up for Massive Moves in 2021

Michael Pento: Asset Crash to WIPE OUT Investors

If the high cost of living is cramping your lifestyle and postponing your retirement plans, despite glowing CPI and stock market numbers from official sources, you’re not alone. 

And did you know that investment firms provide the wealthy with very different financial advice and opportunities than what they offer to ordinary people? 

Most wage earners and professionals dutifully follow the standard “buy-and-hold” advice that mainstream financial planners provide to their middle-class clients. 

These same financial firms and family offices provide the high-net-worth elite class with an entirely different kind of insight and guidance about what’s coming. 

With the Fed’s recently announce ZIRP for years ahead and unlimited printing/debasement of the US Dollar, one highly respected money manager is warning that the propped up stock and bond markets are overripe for a sudden crash that will devastate the finances and futures of most middle-class investors. 

Michael Pento, founder of Pento Portfolio Strategies returns to Liberty and Finance to set the record straight on what’s really going on, and what we can do about it!

- Source, Liberty & Finance

Golden Rule Radio: Zombification and the Free Money Apocalypse

Tesla profits? - They lose on car sales but gain from carbon credits. S&P 500 - Six stocks only account for 100% of the gains, the rest lose. $20 gold piece goes from $20 to $2000 since the Fed started in 1913.

- Source, Golden Rule Radio

Exploration Insights: There is Still Plenty of Value in Junior Gold Explorers

The junior exploration sector has seen a flood of investment capital in the last few months as gold prices have pushed to record highs; according to one analyst, the industry remains undervalued and there is further investment potential. 

In an interview with Kitco News, on the sidelines of the virtual Beaver Creek Precious Metals Summit, Joe Mazumdar, editor of exploration insights, said that he recently looked at senior producers and compared how much they are spending on exploration and how much is going to cover general and administrative (G&A) expenses.

- Source, Kitco News

Gold & Silver Price Update: Fed Signal Near Zero Rates For Years to Come

The final FOMC meeting prior to the November 2020 election happened this week as the Fed indicated near zero interest rates until 2023 with additional monthly QE spending. 

We cover the price movements of gold, silver, platinum, palladium, the US Dollar index, and equities markets.

- Source, Golden Rule Radio

A Powerful Ally to the Fed Just Boosted the Prospects for Inflation

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: ECB could follow the Fed’s pro-inflation policy, precious metals in a pandemic, and legendary silver coin to be sold for more than $10 million at an auction.

Gold could move up further as the ECB looks to keep the euro down

If one believes that central bank policies are a primary driver of gold prices, the yellow metal should have plenty of room to go up even as it sits above its previous all-time high. Besides the Federal Reserve’s openness to inflation, gold should be buoyed by a surge of the euro and the European Central Bank’s (ECB) efforts to contain it.

Experts like Mechanical Engineering Industry Association’s chief economist Ralph Wiechers and Natixis strategist Dirk Schumacher note that an overly strong euro poses problems for the eurozone. It hinders both exporters and importers, slows the European economy, and can cause inflationary spikes in individual countries.

While the ECB might not be able to control the euro as easily, Schumacher’s firm expects them to try and push it down by introducing looser monetary policies. BNP Paribas’ analysts share a similar view, stating in a recent note that the ECB would also voice its desire to keep the euro lower. This was exemplified when former ECB vice president Vitor Constancio stated in an interview that the ECB would follow in the Fed’s wake by allowing inflation to run above the targeted rate for periods of time.

Strong currencies are among the biggest headwinds for gold prices, and inflation is one of its most powerful drivers. Given recent statements by officials from both central banks, it should come as no surprise that prominent investor Peter Schiff points to inflation as the next big thing that will power gold’s gains.

Precious metals in times of crisis

With a tumultuous first half of the year behind us, Richard Baker goes over how both metals fared this year and what could be in store for them moving forward. The parallels between this year’s crisis and the 2008 collapse have been drawn many times, and they are fairly evident in the gold market. Despite both metals’ status as safe havens, they came under a massive selloff in March as investors looked for liquidity anywhere they could.

As the panic somewhat subsided, gold emerged as an outperformer and soared past $2,000 in what one could argue is a rare example of a show of strength that rests on solid footing. Despite its pullback, gold still finds itself in an exceedingly favorable position. Existing worries such as the U.S.-China trade war have intensified, while new tailwinds like the coming U.S. election have shaped up to offer a promise of support in the near-term.

Although there has been much debate over how sluggish the economic recovery will be and whether inflationary expectations will materialize, it pays to take note that gold does well in both inflationary and deflationary environments. More importantly, real rates in the U.S. have hit negative territory in March, and the Fed’s zero-rate-policy is likely to keep them there for a while.

Drawing the same parallels to the 2008 crisis paints a picture of a few years of uncertainty, and gold’s price could be bumped up at any point during that stretch. With investor interest in gold reaching record levels, Baker ascertains that gold is beginning a lengthy bull run similar to that between 2008 and 2011. And while a slow economic recovery could hamper silver’s gains, a key point is that the gold-to-silver ratio has been normalizing and is approaching its 10-year average of 69.5. Taking into account gold’s movement this year, this should eventually place silver somewhere along $32, giving owners of both metals plenty to be enthusiastic about.

1794 “Flowing Hair” silver dollar expected to fetch more than $10 million during October auction

Collectors aren’t easily dissuaded, as this year’s numerous high-profile auctions can attest. Economic crisis or not, these individuals are invariably going to pull out all the stops when it comes to acquiring the rare and unique item they covet.

And, with October approaching, the attention of the auctioning world is quickly shifting to the 1794 “Flowing Hair” silver dollar. In 2013, private collector and auctioneer Bruce Morelan acquired the coin for $10,016,875, making it the world’s most valuable numismatics coin by a significant margin.

The coin’s exceptional value comes from its mintage and the history that surrounds it. The Lady Liberty coin is one of 1,758 silver dollars that were minted in a single day in October 1794. That only 140 or so remain in circulation already gives the coin tremendous value, but the high price stems from the belief that this particular coin was the first to be struck during the mintage. Its silver plug and a 66 grade on a 0-to-70 scale has driven many experts to label it as the first U.S. silver dollar.

“This is a dream coin—a priceless artifact that I have been proud to own, and I’m very sorry to see it go,” said Morelan of the legendary coin. “It’s time to move on to other challenges, and I hope that the new owner of the coin treasures it just as much as I have.”

Coins from this line always attract high bids, as was shown when another 1794 Flowing Hair silver dollar was sold for $4,993,750 in 2015. With the iconic status of Morelan’s coin, experts are certain that the upcoming sale could result in a figure higher than the historic amount set in 2013.Enable GingerCannot connect to Ginger Check your internet connection
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- Source, Birch Gold Group

Jim Willie: $15000 Gold, $700 Silver And A Debt Jubilee

Bill Holter: Get Out Now Before Total System Collapse Occurs

Tom welcomes an absolute icon to the show, Bill Holter. Bill works and writes alongside the legendary Jim Sinclair. Bill discusses the Feds Repo market break down that occurred last year and how the Coronavirus "saved" it. 

Bill argues that everything is about the credit markets and not stocks. There is a lot of mortgage debt and rent delinquency, which means payments are not getting to the owners of that debt. 

He believes the credit market backs have now been broken due to the lack of debt servicing. Debt is exploding rapidly, and it seems doubtful that the US has the gold reserves it claims. 

Those reserves were last audited in 1956, and there are numerous ways gold could have leaked out over the years. If the US has the gold it claims, it would still need to be revalued at $120,000 to back the current US debt. 

The Comex is desperately acquiring metals wherever they can to keep up with delivery demand. When the Comex fails to produce the metal, that will break prices free to the upside, which appears to be occurring right now. 

Bill discusses what a currency reset would look like and why you want to see a transition to real money and away from a paper-backed fiat system. 

He says, "Everything financial today is worth nothing." He discusses why bonds have been a bad deal when compared to gold. 

Pension funds may be acquiring metals via the ETF's, but regardless there is nowhere near enough metals to back even a fraction of them. 

Eventually, the junior mining sector, which holds future reserves in the ground, will be the last place where investors will be able find any exposure to gold.

- Source, Palisade Radio

Ron Paul: The True Reason Behind the Chinese & United States Trade Wars

America has always needed a reason to fund its military-industrial complex, which is why the country has had a history of “aggravating” other nations, said former congressman Ron Paul. 

Paul said that this is the incorrect approach to foreign policy and that the U.S. should be focused on more free trade instead. “China is more or less a scapegoat, which is very unpopular to say, that’s unpatriotic to say that we have some responsibility for ourselves. 

We need to stop the interference in trade. I think free trade will neutralize the disagreements that we have, but we always seem to have to have an enemy,” Paul told Kitco News.

- Source, Kitco News

Silver Fortune: A Roller Coaster Week for Precious Metals

Gold's Season To Be Jolly... Or Folly?

The seasoned Gold enthusiast is sensitive to seasonality. And by conventional wisdom, 'tis said that the run from September through November is Gold-positive. After all: Gold is thought to sop up the negativity suffered by stocks in September, mitigate the surprises of October, and benefit by holiday spending into November.

'Tis Gold's season to be jolly. Or better stated, 'twasGold's season to be jolly, that to expect same today may well be folly.

"You're not going to upset that apple cart, are you mmb?"

Now just bear up, Squire: you shan't get this anywhere else, so pay attention. 'Tis our wont to upgrade your wisdom from conventional to informed. To be sure, in this business nobody knows with certainty what is going to happen, however we attempt to stay above water in being guided by experience from that which has been happening, toward assessing one's expectations and in turn managing one's risk moving forward.

So from the "What's Been Happening Dept.", here we go with that from the past which we know.

Clearly one of the most heavily traded periods of the year across the spectrum of the BEGOS Markets (Bond / Euro / Gold / Oil / S&P) is from the day after StateSide Labor Day (first Monday in September) through the day before StateSide Thanksgiving (last Thursday in November). Indeed for the first full 19 years of this century, more stock market futures contract volume has traded in the September-November period than in any other discreet three-month period, (i.e. Dec-Feb, Mar-May and Jun-Aug). 

Thus this Monday being Labor Day, come Tuesday for some 11 weeks right up to Thanksgiving 'tis "GAME ON!"

And by conventional wisdom along with its aforementioned seasonality rationale, there's thought to be within such overall market chaos the shining safe haven of Gold. One only has to look at the following table of this century's first decade of Gold's performance from Labor Day to Thanksgiving, i.e. each year from 2001 through 2010: seven of those ten years posted net increases for that period for an average gain of +7.2%, the losing years in tow being comparatively mild, and the high price generally coming after the low price. Jolly indeed:

"But since then, mmb?"

The truth can hurt, Squire, but we put it out there such that it can be anticipated and negotiated. Here is the like table during this century's second decade (nine full years thus far for those of you who know how to properly count) of Gold's performance from Labor Day to Thanksgiving, i.e. each year from 2011 through 2019, with 2020 now in the balance. And but for two meager up years, the other seven posted net decreases for that period for an average loss of -5.4%, the low price dominantly coming after the high price. Folly indeed:

Do we thus conclude that Gold's once-heralded positive seasonality for this time of year is a thing of the past? Not comprehensively, of course. Still, with specific respect to such seasonality kicking in this time 'round -- and given as written "nobody knows with certainty what is going to happen" -- bear in mind that the trend is one's friend. Or as Will Rogers perfectly put it: "Only buy the stocks that go up; if they don't go up, don't buy 'em."

- Source, Silver Bear Cafe

Another Big Month For The Silver Price?

Precious metals investors are wondering if the Silver Rally will continue in September. 

After the silver price reached nearly $30 in August, it has been consolidating lower over the past few weeks. 

However, silver tried to surpass the $29 level but fell last week along with the broader markets. 

So, the trend for silver in September may rely upon the broader markets.

- Source, SRS Rocco Report

Mike Maloney: $700 Plus Silver? Here's How It Could Happen

Dollar Index Rally Is Over Already? Fed Says Inflation Is Too Low So New Inflation Targeting Policy?

The Dollar Index, which has a record net short position, was rallying since August 18th when it got down to 92.27. 

But, it appears that Jerome Powell and the others at the Fed do not want a Dollar rally as they may have leaked or actually sent over a PR to CNBC about tomorrow's Fed meeting. 

Apparently, the Fed thinks that inflation is too low and will have a new inflation targeting policy announced at Thursday's Fed meeting!

- Source, Wall St for Main St

Silver: What Next For Bullion and Mining Stocks?

David Morgan shares his feelings as to what the silver price may do next in this information packed interview with Mike Maloney. 

Have we reached a tipping point?

- Source, Mike Maloney

Silver The Better Investment: Massive Bubbles Everywhere

Silver is a better investment due to massive financial bubbles everywhere...

- SRS Rocco Report 

Trend Alert: Strong Physical Investment Demand

What happens to the silver price over the next week is VERY IMPORTANT.

- Source, SRS Rocco Report

Golden Rule Radio: Inflation Pressures Mounting or Can We Just Print Forever?

Inflation pressures mounting or can we just print forever? The future conflict with China. Politics: If the “Blue Zone Wins,” does the “Red Zone Comply,”? 

Neil Howe is the Managing Director of Demography at Hedgeye. President of LifeCourse Associates. Author of The Fourth Turning, Generations, and Millennials Rising.

- Source, Golden Rule Radio

Jim Cramer Warns: The Stock Market Could Crash, This Bubble is Very Dangerous

Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the warning Jim Cramer of Mad Money just put forward despite years of being largely wrong. 

This time Cramer is saying something logical. Watch out for the stock market! 

During one of his latest shows, Cramer urged investors not to be fooled by all time highs as millions are going homeless, millions are losing their jobs, thousands of small businesses are running out of cash and closing their doors, there's no reason to be bullish going into the end of 2020. 

The only reason the stock market is looking good is because the Federal Reserve is printing trillions and is also buying bonds in huge numbers. 

When push comes to shove and the currency being printed ends up liquid, a rude awakening is coming. 

While one would usually be better off not doing what Jim Cramer says, he's not wrong about the concerning signals the stock market is giving off.

- Source, WAM

$10000 Gold Or A Triple Top?

Predictions for gold's price are based on seemingly sound fundamentals and logic; but the fundamentals are incorrect and presented in unrealistic context. Here are some things to keep in mind when you see any predictions for the price of gold.

GOLD IS NOT AN INVESTMENT

Gold, itself, is not an investment. Gold is real money and the original measure of value for everything else.

A higher gold price is inversely correlated to a decline in the purchasing power of the US dollar. This, can be seen historically on the chart (source) below...

Over the past century, the price of gold in US dollars has increased one-hundred fold; from $20.67 per ounce to its recent high of $2061.00. That correlates, inversely, to a ninety-nine percent drop in the purchasing power of the US dollar.

Another way of saying this is that one dollar a century ago is now worth only a penny. Or, it takes $1,000,000 today to match the purchasing power of $10,000 in the 1920's.

GOLD IS NOT FORWARD-LOOKING

Increases in the price of gold come "after the fact". Gold's price action is not anticipatory of future conditions, events.

In the chart above, there are two distinct periods of rising gold prices. Both of those periods were a decade in length: 1970-80 and 2000-2011. And both of those periods followed longer periods of time - forty years and twenty years - during which gold's price was not increasing.

In both instances, the price of gold was playing 'catch-up':

"The 1970s were a catch-up period for the price of gold relative to the U.S. dollar's loss in value over the previous four decades. That, and the anxiety and anticipation created by the realization that things were far worse than we had previously known, led to outsized gains." (see Gold And The Elusive Chase For Profits)

The period from 2000-11 was similar in that gold's increasing price from a low of $250 to its then all-time high of $1895 reflected reaction to the cumulative effects of inflation that had continued to erode the value of the US dollar after 1980.

During the period 1980-2000, real growth rates for stocks and other investments were the best ever seen in the US and most of the world; the economy boomed. Also, considerably mild effects from ongoing inflation kept the US dollar stronger. Again, inversely reflecting the dollar's strength, gold's price declined for nearly twenty years; before turning up again.

GOLD AT $2060 TODAY IS CHEAPER THAN IN 1980

The surge to recent new all-time highs for gold was also a catch-up period. The move from a low of $1060 four years ago to $2060 a couple of weeks ago reflected depreciation, i.e., an actual loss in purchasing power, of the US dollar since 2011.

While the price of gold is higher in dollar terms than in 2011, and much higher than in 1980, the fact remains that one ounce of gold today at $2060 is no more valuable than it was at $850 in 1980.

Here is what that looks like on the same chart from above, but adjusted for the effects of inflation...

Looking at this chart, it should be apparent that gold at $2000 is fully-priced. Unless you are convinced that the US dollar is going to crash soon, then expectations for much higher gold prices at this point are unwarranted.

If, on the other hand, you expect the US dollar to drop in value "horrendously", as some have said, then can gold's price go higher than $2100? Yes, absolutely; but that will only happen after that further deterioration becomes evident and you find yourself paying more and more for the things you need.

This means that no matter how high the price of gold goes, it will only be indicative of how weak the US dollar gets. And, on an inflation adjusted basis, the price of gold will still not exceed its previous peaks of 1980 and 2011.

For example, let's say that over the course of the next year that the value of the US dollar drops in half. A fifty percent loss in purchasing power means that it would cost twice as much for ordinary goods and services a year from now, and people would be very reluctant to accept US dollars in payment.

Gold's price would double to approximately $4000 per ounce; but you wouldn't have any real profits. You would need the increase in gold's price just to stay even with the decline in purchasing power of the US dollar.

The worse the decline in the dollar, the greater the loss in purchasing power. The more violent the decline, and the more rapidly it occurs, even to the point of complete repudiation, could take the price of gold to absurdly high levels in dollar prices. But it's price won't matter.

Think of it this way. If you wake up tomorrow morning and find that gold is quoted at $10,000, what would you do?

In order for that to happen, the US dollar would have to be virtually worthless. No vendor will accept dollars, so what difference will it make that someone -anyone - says that gold is then worth $10,000? Would you sell it? If you do sell it, what would you use to pay for things you need?

If gold were priced at $10,000 per ounce tomorrow morning, accompanied by a crippled US dollar at death's door, gold's price in inflation-adjusted terms won't be any higher than it is now. And the symmetry of the three tops in the second chart above will still be identical.

Gold's value is constant. It is real money and a store of value. A higher price for gold is only indicative of a corresponding decline in in the value of the US dollar.

- Source, Silver Bear Cafe

Wolf Street Report: The Rich Got Richer in the Pandemic, Why?

Over 30 million people lost their jobs between mid-March and mid-May, while the wealth of America’s 600+ billionaires ballooned by $434 billion. How did this happen?

- Source, Wolf Street Report

Liberty & Finance: Disasters Everywhere, Unfolding at the Same Time

How widespread are the risks that we face in our modern life? 

- Are we truly under greater threat to our existence than at any other point in history? 

- How widespread has “prepping” actually become? 

- Has the pandemic response awakened greater awareness?

- How much has it mobilized people to action? 

- What’s the difference between “hoarding” vs. stockpiling that actually makes communities anti-fragile? 

- And what lies ahead for the well-being of the next generation? Bradley Garrett, author of the new book “Bunker 

- Building for the End Times,” visits Liberty and Finance / Reluctant Peppers to reveal the findings of his 3

- Years investigation into the most extensive preparedness efforts in the world. 

The lessons may surprise you, or encourage you to take vital next steps!

- Source, Reluctant Preppers

Dave Kranzler: Investors Buying Gold & Silver At Any Price For Wealth Preservation And Not Selling

Peak Prosperity: Better Food Equals A Better Future

Since covid-19 first emerged, one of our continued recommendations has been to “start a garden”. The pandemic has exposed the fragility of our food supply chains, as well as the shortcomings of our global and national health authorities. 

So having more self-sufficiency when it comes to calories, as well as better nutrition to boost your immune system, just make good sense. Hence: start a garden. In this week’s podcast, we welcome back Joel Salatin. 

Labeled by The Washington Post as “the most famous farmer in America”, Joel has spent his career advocating for sustainable farming practices and pioneering models that show how food can be grown and raised in ways that are regenerative to our topsoils, more humane to livestock, produce much healthier & tastier food, and contribute profitably to the local economy. 

Fresh off huge demand for his farm’s output during the covid lockdown and from releasing two new books, Beyond Labels and Polyface Designs, Joel gives yet another heaping dose of common sense ways we can improve our ecology, economy, food production and wellness — starting with a healthier approach to dealing with the coronavirus.

- Source, Peak Prosperity

A Massive Reset is Coming, The Dollar Could Collapse in the Coming Years

Josh Sigurdson talks with Lior Gantz of Wealth Research Group about the imminent collapse of the dollar as big institutional investors flood into gold, silver and cryptocurrencies. 

Lior has been incredibly accurate over the years when it comes to calling market ups and downs. As Lior explains, this is the end game. 

This is absolutely huge. 

We have never seen anything quite like this. In fact we've never seen anything even close to this in world history and we should expect many years before we see a full recovery if we ever do see one.

- Source, WAM

Why is the Price of Silver Going Up and Why Does it Have a Lot More Room to Move?

Silver investors and traders have been buying the white metal with a frenzy, with price growth outpacing that of gold, and the gold-silver ratio narrowing as a result. 

A large driving force behind recent momentum is the resurgence of generalist investor interest in the sector, said Gary Wagner, editor of TheGoldForecast.com. 

“The reason I believe that might have happened is one, there’s talk of scarcity, but two, the millennials, people that have put money into the U.S. equity markets that are in their thirties and forties, realize they need a safe haven asset in case there is a bubble,” Wagner said.

- Source, Kitco News

Golden Rule Radio: Bullion Soars As Gold Breaks Records and Silver Climbs

Waiting on a pullback that may not come as gold enters uncharted waters and silver pushes above $28. Bullion has now entered a new phase of the bull market. 

This week we cover the prices of gold and silver as they continue to see strength across the board. We will also cover the price movements of platinum, palladium, the U.S. Dollar index, the equity sector and more.

- Source, Golden Rule Radio

Peak Prosperity: Gold Hits Record High, is There Still Time To Join The Party?

Real Vision Finance: When Will The Passive Bubble Burst?

Senior editor Ash Bennington hosts Real Vision favorite Mike Green of Logica Capital Advisors. 

Mike Green gives a strategic update on the markets, and, through the lens of his renowned critique of passive investing, analyzes flow data on ETFs and mutual funds to conclude that the markets could be due for some turmoil in the coming months. 

Green and Bennington also discuss today’s interview with Green and Rob Arnott, one of the world's leading quantitative investors. Green also shares his views on "volmaggedon" and the similarities between short-vol and bonds. 

In the intro, Jack reviews recent FAANG earnings and gives a preview of Jason Buck's three-part "Ahead of the Curve," a deep-dive into volatility featuring interviews with Chris Cole, Jerry Haworth, and Bastian Bolesta.

- Source, Real Vision Finance

Ron Paul: GDP Crash, V-Shaped Recovery or Greater Depression? Who's To Blame?

The economic bad news hit hard this week with the GDP crashing 33% in the second quarter. The tyrannical lockdowns have produced the steepest economic collapse since 1947. 

The fallout from Americans sacrificing their liberties to government power is overwhelming. 

With suicides, drug overdoses, a doubling in domestic violence, and tens of millions unemployed, two things should come to everyone's mind: "Look what they've done!" and "Americans should never sacrifice their liberties again!"

- Source, Ron Paul

Investors Buying Gold & Silver At Any Price For Wealth Preservation And Not Selling

Gold & silver are on fire! Gold has hit all-time record highs, and silver has doubled in price since March, but are investors really too euphoric right now? 

Dave Kranzler joined Silver Doctors on Tuesday, July 28, for a robust discussion on gold, silver, the US dollar, the stock market, the situation on Main Street, and a whole lot more!

- Source, Silver Doctors

Massive Change in Silver: We Have Entered Into a New Bull Market

There was a Big Change in silver this week pushing it into a New Bull Market.

- Source, SRS Rocco Report

Dollar Index Falls Below March 2020 Support Levels, Headed Back Down to 2018 Lows?

This is a follow up video to the Dollar Index (DXY) video a few days ago. The March 2020 support levels of 94.9 on the Dollar Index did not hold and the Dollar Index is headed back down to 2018 levels and will perhaps test strong support levels just above 89.

- Source, Wall St for Main St

Michael Pento: Get Ready for Stagflation and the Greater Depression

What does the “Greater Depression” look like? Pento says, “Get ready for stagflation, and that’s what I call the ‘Greater Depression.’ That’s when the real chaos begins.

You can make an argument that the Fed can fight deflation because it can continue to prop up asset prices. That’s true, and it’s a proven fact, but what does the Fed do when inflation starts to run intractable? 

When inflation becomes the problem, what can the Fed do? Promise to buy stocks and print more money? What can the Fed do? Print money to buy down interest rates when the economy is in full revolt? 

When money managers are shorting bonds and driving yields to the moon. No, the only thing they can do is stop printing money and promise to fight inflation. 

That’s when you are going to get 6,000 on the Dow Jones Industrial average because there’s nothing they can do. 

The Fed will be rendered impotent.” Pento suggests that people “get out of all financial products with an adjustable interest rate” and lock in at historically low fixed rates. 

In closing, Pento says, “This is the best environment for gold I have ever seen in my career. This is in an environment where debt and deficits are surging.

So, debt is exploding, and what does gold like? It likes falling real interest rates. It likes exploding debt, and a little ticker on that is a dollar that’s weakening. That’s why I really like gold.”

- Source, USA Watchdog

Chris Martenson: The Mainstream Media Has Blood on Their Hands

Chris Martenson is a futurist, economic researcher and holds a PhD in toxicology from Duke University. Martenson weights in on deep problems in the economy and the Covid 19 crisis and says, “The mainstream media (MSM) press has blood on their hands for failing to take a neutral position on this stuff,” such as the very positive results for treatments like Hydroxychloroquine (HCQ). Instead, the MSM ignored HCQ or said it was dangerous to use, which was a total lie. 

Martenson contends the MSM misinformed people, and ‘people died.’” Martenson also says, “People should tune your body up so your body can fight off Covid 19.

You want your body to be as healthy as it can be from an immunological standpoint.” Martenson says the three things you need to take to help fight off Covid 19 are Vitamin D, Zinc and Quercetin. Martenson says the good news is Covid 19 is definitely going to “trend down by the end of the year.”

- Source, USA Watchdog

Liberty & Finance: Think Your Not Lending Money to Insolvent Banks? Think Again

​Most savers in the US and Australia are not aware that their checking and savings “deposits” in the bank are legally unsecured loans subject to “BAIL-IN” by the banks (many of which are already insolvent on their books, and getting drastically worse with COVID Shutdown-related defaults). 

Although governments officials state that “all is well, nothing to see here, savings are protected,” the actual laws do not protect the ordinary saver, but the banks. 

Economist and public-interest advocate John Adams, co- host of “In the Interest of the People,” returns to Liberty and Finance / Reluctant Preppers to expose the dirty little secret trap that’s ready to spring on unsuspecting savers, and to announce his proposed amendment to close this loophole in Australia, which he has submitted to the Australian Parliament inquiry.

- Source, Reluctant Preppers

It Starts: Mortgage Delinquencies Suddenly Soar at Record Pace

OK, it’s actually worse. Mortgages that are in forbearance and have not missed a payment before going into forbearance don’t count as delinquent. They’re reported as “current.” And 8.2% of all mortgages in the US – or 4.1 million loans – are currently in forbearance, according to the Mortgage Bankers Association. But if they did not miss a payment before entering forbearance, they don’t count in the suddenly spiking delinquency data.

The onslaught of delinquencies came suddenly in April, according to CoreLogic, a property data and analytics company (owner of the Case-Shiller Home Price Index), which released its monthly Loan Performance Insights today. And it came after 27 months in a row of declining delinquency rates. These delinquency rates move in stages – and the early stages are now getting hit:

Transition from “Current” to 30-days past due: In April, the share of all mortgages that were past due, but less than 30 days, soared to 3.4% of all mortgages, the highest in the data going back to 1999. This was up from 0.7% in April last year. During the Housing Bust, this rate peaked in November 2008 at 2% (chart via CoreLogic):

From 30 to 59 days past due: The rate of these early delinquencies soared to 4.2% of all mortgages, the highest in the data going back to 1999. This was up from 1.7% in April last year.

From 60 to 89 days past due: As of April, this stage had not yet been impacted, with the rate remaining relatively low at 0.7% (up from 0.6% in April last year). This stage will jump in the report to be released a month from now when today’s 30-to-59-day delinquencies, that haven’t been cured by then, move into this stage.

Serious delinquencies, 90 days or more past due, including loans in foreclosure: As of April, this stage had not been impacted, and the rate ticked down to 1.2% (from 1.3% in April a year ago). We should see the rate rise in two months and further out.

Overall delinquency rate, 30-plus days, jumped to 6.1%, up from 3.6% in April last year. This was the highest overall delinquency rate since January 2016 (on the way down).

These delinquency rates are the first real impact seen on the housing market by the worst employment crisis in a lifetime, with over 32 million people claiming state or federal unemployment benefits. There is no way – despite rumors to the contrary – that a housing market sails unscathed through that kind of employment crisis...

- Source, Wolf Street Report, read more here

A Second Wave of Panic Buying is Here, Supply Chain Breaking Down

Josh Sigurdson reports on the latest news of panic buying throughout the world as stores lose stock of multiple items including soda drinks, canned food, pasta and rice. 

In places like Hong Kong, we're seeing a second wave of panic buying whereas places like Australia are starting to already die down. But there's more to the story than meets the eye. 

As we see a second wave of lockdowns in many places throughout the world, the fear is leading to many people panic buying goods. One would certainly think the supply chain would learn from the previous catastrophe, but it hasn't. 

Or perhaps, they're utilizing fear to mark up prices and make more money which is the most logical explanation considering Mexico had little to no actual panic buying despite goods and services internationally being more difficult to come upon.

- Source, World Alternative Media

Why Scale Matters When Building a Gold Miner

Craig Hemke: When Shorting Stops, Silver Pops

Demand for gold delivery is exploding, and that is a big reason for the upward price pressure. 

What about silver? Why is it lagging behind gold? It takes nearly 100 ounces of silver to equal 1 ounce of gold. 

That ratio is going to start coming down dramatically. Financial writer and precious metals expert Craig Hemke explains why, “JP Morgan has been accumulating all this silver and shorting against it as a hedge, managing the price and monopolistically controlling it.

- Source, USA Watchdog

QE Unwind Speeds Up: Fed’s Assets Drop $85 Billion, Four-Week Total -$248 Billion

OK, this balance-sheet shrinkage, now in its fourth week, is going faster than I’d expected. Total assets on the Fed’s balance sheet for the week ended July 8, released this afternoon, dropped by -$85 billion, the fourth week in a row of declines. This brought the four-week total drop to -$248 billion:

Back on April 9, when markets were just emerging from chaos after the Fed had thrown $1.5 trillion at them in the span of four weeks, Fed Chair Jerome Powell said in a webinar at Brookings that “when private markets are once again able to perform their vital functions of channeling credit and supporting economic growth, we will put these emergency tools away.”

This matched what he and other Fed officials had said in the year or so before the Crisis, that at the “next crisis,” they would throw all the Fed’s might at the problem up front, and then they’d back off, rather than let QE drag on for years. And they did.

By peak-QE in early June, the Fed had increased its assets by $2.86 trillion. It has since then whittled this increase down by $248 billion. Note the systematic front-loading then tapering the asset purchases and letting assets top out at $7.16 trillion, and then letting them decline, now down to $6.92 trillion:

Assets by category.

Repo balances dropped by $34 billion, to just $41 billion, the lowest since the Fed starting ramping up repos. Repurchase agreements are on the way out. There were zero overnight repos on the balance sheet, and only some older term repos that hadn’t unwound yet.

The Fed made repos less attractive over time. On June 16, it raised the bid rate, and for market participants there are now better deals available in the repo market. The Fed is still offering theoretically huge amounts of repurchase agreements every day, but there are no longer any takers...

- Source, Wolf Street Report, read more here

Rob Kirby: Price Inflation and Shortages Have Begun

Through overt & covert operations, money creation has exploded to keep the current financial system functioning. This money is chasing around a limited number of goods, and we're already seeing major price increases and shortages, from medicine to wholesale silver... 

Rob Kirby stopped by Silver Doctors on July 7th, 2020, for a robust discussion on the economy and the markets, with special focus on gold, silver, the US dollar, the unsustainable debt, and what Rob sees coming down the pike.

- Source, Silver Doctors

Real Vision: How the 2008 Financial Crisis Still Impacts the Present

Drew Bessette continues with Michael Krieger, talking about the lasting impact of the 2008 financial crisis on the US. Krieger gets into how he saw opportunity in the crisis to expose the systemic problems that plagued the US. He goes into “super predators” who took 2008 as a symbol that showed nothing will put them in jail.

- Source, Real Vision

Silver Fortune: A Nation on the Brink

Who hear thinks that things will get worse before they get better?

- Source, Silver Fortunate

Liberty Finance: Big Changes Are Coming for Gold Holders

Nationalization of mines? Confiscation or taxation of gold & silver? Blockchain to the rescue - or a tool of Big Brother? Runaway re-pricing of gold before a monetary reset? 

E.B. Tucker, author of the new book, “Why Gold? Why Now? The War Against Your Wealth and How to Win It,” returns to Liberty and Finance / Reluctant Preppers to answer viewers’ questions on the present & future role gold in our lives, and what drastic changes are likely coming that we should be aware of and prepared for to survive and thrive in the times ahead!

- Source, Liberty and Finance

Golden Rule Radio: Gold Holds Strong As Industrial Metals Soften

This week we saw some short term downwards pressure on the industrial metals as gold held strong, hitting top end pricing, while the DOW dropped in earlier trading. 

Gold touched 8 year highs as the usual trend of summer seasonal pricing movements are called into question. A spike in new virus cases has rattled equities slightly, will this propel the metals higher as uncertainty looms once again over the equities sector?

- Source, Golden Rule Radio

Egon von Greyerz: A Can Too Big For The Fed And ECB To Kick

Now is the final chance to jump on the gold wagon…

There are lies, damned lies, and economists. Whether these economists work for the government or a bank, they spend all their time on the computer extrapolating current trends with minor adjustments.

If you want to understand the future, don’t spend your life preparing and constantly revising an Excel sheet with masses of economic data. Collective human behaviour is extremely predictable. But not by spreadsheet analysis but by studying history. 

HISTORY IS A BETTER FORECASTER THAN ECONOMISTS

There just is nothing new under the sun. So why is there so much time and money wasted around the world to make economic forecasts that are no better than a random job by a few chimps?

Instead, give some lateral thinkers a few history books and let them study the rise and decline of the major empires in history. That will tell them more about long term economic forecasts than any spreadsheet.

After a 50 year decline of the US economy and the dollar, we still hear about the V-shaped recovery being imminent.

On what planet do these people live who believe that a world on the cusp of an economic and social collapse is going to see a miraculous recovery out of the blue.

This is the problem with a system that is totally fake and dependant on constant flow of stimulus even though it has zero value. Most people are fooled and believe it is for real.

ALL EMPIRES END WITH COLLAPSING CURRENCY AND SURGING DEBTS

We are now in the final stages of the end game. The end of the end could be extended affairs or they could be extremely quick. Most declines of major cycles are drawn out and this one has lasted half a century. During that time the dollar is down 50% against the DM/Euro and 78% vs the Swiss franc. And US debt has gone up 65x since 1971 from $400B to $26T. A collapsing currency and surging debts are how all empires end.

But the end of the end has also been drawn out and started in 2006 with the Great Financial Crisis. The financial system was on the verge of collapse in 2008 but was miraculously rescued with tens of trillions of dollars in printed money and guarantees.

Central banks have since then frenetically kept the party going by manufacturing worthless paper money. The music should have stopped in 2008 but the participants are still dancing on the grave of a system that is about to succumb.

The degree of the coming disintegration of the world economy will only be known with certainty by future historians. What is clear though is that we are seeing the end of a major cycle. What we will experience next is not just the fall of one nation but of most nations on earth, both advanced and developing countries. Debt is a global problem that virtually every country is seriously affected by. When the financial system crumbles so will world trade.

WHAT WILL HAPPEN NEXT?

Asset Bubbles can only end in one of two ways: Either they Implode or they Explode

The principal bubbles we are here talking about is the financial system, stock markets, bond markets, and property. So in principle, we are looking at two options for this era to end.

The net result is always the same although the Explosion finale will be the more violent and lead to a quicker massacre than the Implosion.

Explosion

The risk of an Explosive end is very high. That would most probably involve acute problems in the banking system leading to a major bank defaulting, say Deutsche Bank. This would spread throughout the whole banking system like wildfire and obviously also affect the derivatives bubble of $1.5+ quadrillion. It would happen so quickly that central banks wouldn’t be able to print money fast enough to stop it. In any case, the whole financial world would know at that point that any freshly printed money would have ZERO value and therefore ZERO effect.

An Explosive outcome of this 100-year bubble-era would clearly be cataclysmic for the world. It would lead to a global deflationary depression of a magnitude never seen before. It would also take life back to a level of devastation and deprivation that would be unimaginable today.

Implosion

The only difference with an Implosive outcome is that it would take longer and therefore involve both hope and pain as desperate central banks create trillions and quadrillions of worthless dollars, euros etc to temporarily keep the balloon inflated.

Even though this process would be more drawn out, it would also fail in the end. First, there would be a brief period, maybe a couple of years, of hyperinflation before it would end in a deflationary collapse.

So these are the two options. There is absolutely nothing that can stop it. Well, we always have Deus ex Machina of course. Yes, miracles can always happen and the world would certainly need one this time. But sadly the odds are not in favour of these kinds of wonders...

- Source, Egon von Greyerz, read more here