Tag Archives: gold and silver

It has been a rough week in most markets with both equities and bonds declining sharply. Tech stocks have been pummeled with many ‘big names’ plunging more than 50% (from their 52-week high). Some of the bigger names include Zoom Video -75%, PayPal -73%, Netflix -72%, Meta Platforms (Facebook), -53%. . The equity market decline is coupled with announced layoffs. Robinhood, the popular online trading platform, announced a 9% reduction in full-time staff this week for...

Over the past couple of weeks, we reviewed the U.S. government confiscation of gold by Executive Order in 1933. (see “Gold Confiscation: Will History Repeat Itself?” and “The Facts of Gold Confiscation: The Saga Continues”). One of the points was that the difference between 1933 and today is that gold is not money for banks today. This means banks are not on a gold standard. Some observers have stated that the announcement by Russia’s Central Bank on March 25 to...

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....

Gold price fell to $1,808 an ounce in the wake of the release of the minutes of the December Federal Reserve meeting, having hit an intra-day high of $1,829. Silver price fell to $22.72 an ounce from an intra-day high of $23.26. Gold and silver have continued to sell off this morning with gold trading as low as $1,794 and silver trading down to $22.14. The FOMC minutes showed a much more hawkish Fed than markets had been expecting. The minute suggests that the Fed...

Black Friday 2021 saw the largest stock market sell-off since 1931. Is this the start of a bigger crash, has the trend changed or is this just a one-time blip? We ask Gareth Soloway of InTheMoneyStocks.com what his charts are suggesting and why he is so bullish on gold [embedded content] Make sure you don’t miss a single episode… Subscribe to our YouTube channel [embedded content] You Might Also Like...

Gold and silver price actions have been the opposite of dramatic for months now, they have been boring. In the last 100 days, gold has moved sideways in the US$100 range between $1725 and $1825. Silver had a similar experience moving in a US$5 range between $21.50 and $26.50. These ranges are quite small when compared to exciting moves in Tesla shares and cryptocurrencies such as Shiba! Some people think that being boring this year means we should not own the...

In our post on January 28, 2021 “Gold, The Tried-and-True Inflation Hedge for What’s Coming!” we outlined four reasons that we expect higher inflation over the next several years. The brief bullet points are: Money Supplies have risen dramatically Commodity Prices are rising again Reduced Globalization as ‘Made at Home’ policies are proliferating Pent up demand Headlines such as this one last week from Bloomberg “Inflation gauge Hits Highest Since 1991 as Americans...

Interview with Fernando del Pino Calvo-Sotelo: Part II of II Claudio Grass (CG): In your analyses and articles on the issues around the covid crisis, you have adopted a very rational and calm approach, focusing on evidence and scientific facts. Why do you think it is that so many people, both among the governing and the governed, have failed to use these logical tools in dealing with this pandemic? Why does emotion prevail over logic so often? Fernando del Pino (FdP): Pascal...

Interview with Daniel Model: Part II of II Claudio Grass (CG): All over the West, we saw extreme pain and suffering caused by the mass unemployment that the lockdowns and shutdowns triggered. Across the board, every government’s answer to all this destruction was helicopter money. Do you think throwing cash at this problem was enough and do you find that the various support and relief measures were sufficient to counterbalance all of the deleterious effects of those policies? ...

Gold has been used as money (or a store of value) for thousands of years. It’s always been valuable to humans, for some reason, and it’s withstood everything history has thrown at it. Silver too. Fiat money is what we use today. It’s essentially money created out of thin air, on a spreadsheet, by banks and the government via monetary policy, and it has absolutely nothing backing it. This is why currencies come and go, such as the Zim Dollar which lasted a few decades....