Tag Archives: 6a) Gold & Monetary Metals

To listen to the audio version of this article click here. Every once in a while, one regrets not acting sooner, or not acting soon enough. In our case, we did not publish this Tuesday evening. We should have. Today the price is down, and others may also call for lower silver prices. Oh well. Our consolation is that they most likely are not calling for lower silver prices based on the same indicator we observe. The basis. Here is the chart. Silver Price Basis Chart...

Dave Lukas of Misfit Entrepreneur invites Stephen Flood, CEO of GoldCore, to the show. Dave and Stephen talk about what people should know before investing in gold and silver, the present state of inflation, central banking, and the monetary system. Further, he explains why gold is still your safe-haven asset and how it provides you with personal sovereignty. They also talk about cryptocurrencies and their future. Stephen also discusses some of the lessons he’s...

As part of the sanctions against Russia, seven Russian banks have been cut off from SWIFT. We start by discussing what SWIFT is, and then the implications of completely cutting Russia out of SWIFT. What is SWIFT and Why Russia is Being Excluded SWIFT – The Society for Worldwide Interbank Financial Telecommunication is a messaging system that links more than 11,000 banks in 200 countries. The system doesn’t move actual money between the banks but...

Monetary Metals has been covering gold and silver markets for over ten years. Throughout that time, there’s been no shortage of new and old commentators talking about the drivers of gold and silver prices. Unfortunately, the vast majority of this analysis is just plain wrong. Whether it’s a company trying to sell you something, or a big investment bank. Gold and silver defy conventional commodity analysis. And plotting the gold price against the money supply, or...

The ‘Fed put’ – gone until there’s blood in the streets Well, it’s happening.  Bitcoin (and other cryptocurrencies are sharply down, along with equity markets in many advanced economies. And the Federal Reserve (the U.S. Central Bank) statement and press conference on Wednesday didn’t indicate any backing down from raising interest rates, maybe as soon as the March meeting. The Fed’s stance pivot from ‘the economy needs additional stimulus’ to ‘it is time to start...

The prospect of Federal Reserve rate hikes continues to rattle Wall Street and cloud the outlook for precious metals. On Wednesday, the central bank strongly signaled it will raise its benchmark Fed funds rate for the first time in three years – likely at its March policy meeting. Policymakers noted that inflation is running “well above” target and also claimed a “strong labor market” justifies a degree of monetary tightening. “There’s quite a bit of room to raise...

(Oklahoma City, Oklahoma — January 20, 2022) – An Oklahoma state representative introduced legislation today that would enable the State Treasurer to protect Sooner State funds from inflation and financial risk by holding physical gold and silver. Introduced by Rep. Sean Roberts, HB 3681 would include physical gold and silver, owned directly, to the list of permissible investments that the State Treasurer can hold. Currently, Oklahoma money managers are largely...

European Energy Crisis: 4 Reasons You MUST Know! European households are facing rising prices on many goods and services, but one particular standout is electricity and gas bills. According to Bank of America, European household gas bills are expected to rise to €1,850 in 2022 from €1,200 in 2020 (an ~55% increase). Natural gas prices have pulled back from the December peak. However, it remained high and it could get worse over the remainder of the winter months....

(Oklahoma City, Oklahoma, USA – January 20, 2022) – Oklahoma ended sales taxes on purchases of precious metals long ago, but now a representative from Broken Arrow wants to eliminate yet another tax on on gold and silver transactions. Introduced by Sen. Nathan Dahm, Senate Bill 1480 would end capital gain transactions on the exchange of gold and silver. Arizona, Utah, and Wyoming have enacted similar measures into law. Idaho has considered this measure recently and a...

According to recently released data by the World Gold Council (WGC), as of September 2021, the total amount of gold held in reserves by central banks globally exceeded 36,000 tons for the first time since 1990. This 31-year record was the result of the world’s central banks adding more that 4,500 tons of the precious metal to their holdings over the last decade and it provides ample support for the investment case for gold, in both directly performance-related...