by Clint Siegner, Money Metals:
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.
Later in today’s program Gerald Celente, the top trends forecaster in the world joins me to tell us why the world’s central banks bought a record amount of gold in 2018 and also about what type of wildcard events may trigger a new economic crisis. He also tells us what threshold gold needs to hit in order to make a run at $2,000. So, stick around for my conversation with Gerald Celente of the Trends Journal, later in today’s program.
Also coming up, disturbing new developments in Big Media’s and Big Tech’s politically motivated de-platforming campaigns. Coordinated censorship and financial blacklisting threaten to silence alternative voices, including sound money advocates. More on that in a bit.
Click HERE to listen
But first, let’s check this week’s market action. Precious metals markets are trading mixed this week, with the monetary metals gold and silver both selling off while the platinum group metals power higher.
Gold prices are down 1.9% this week to come in at $1,304 per ounce. Silver shows a weekly loss of twice that, or 3.8% to trade at $15.37.
Platinum, though, is exhibiting some unusual relative strength for a second consecutive week. The metal is up 2.1% since last Friday’s close to trade at $866. After being beaten down for so many months and left for dead by traders, platinum is suddenly on the verge of closing at an 8-month high for the week.
If it follows in the footsteps of its sister metal palladium, then platinum is headed much, much higher on the charts. The record setting palladium bull run still shows no signs of slowing down. Palladium prices are up another 3.7% this week to come in at $1,559 an ounce.
When gold and silver prices rise to record highs, public interest in sound money issues will rise as well. But vital, independent sources of information may be largely hidden in internet search results. Google, Apple, YouTube, social media sites, and now Amazon are all engaging in heavy handed content curation – promoting points of views they approve of and demoting or even banning alternative perspectives.
One of the few cable TV personalities speaking out on behalf of the marginalized and censored is Tucker Carlson.
Tucker Carlson: In a recent interview with The Wall Street Journal, the CEO of PayPal, Dan Schulman, explained that diversity and inclusion are his company’s top values, but of course, he doesn’t mean it. He means the opposite. Like most on the left, what Schulman actually wants is utter conformity, a world where only approved opinions are allowed. Last year, PayPal banned Alex Jones from using its platform for saying things they didn’t like. They’ve also banned anti-Muslim activist, Laura Loomer, the publication VDARE, and a number of other people and organizations whose speech they believe should be silenced.
You have to wonder how long Tucker will be able to keep his job at Fox News in the face of pressure from corporate advertisers who fear being associated with any non-politically correct opinions.
This week Project Veritas released an investigative report showing how Facebook limits the reach of popular right-leaning users by “deboosting” their content. Those who are deemed to be “far right” – in other words, genuine political dissidents – risk being deleted from Facebook and all other social media and online payments platforms.
That’s what happened to British activist Tommy Robinson this week. After he released a documentary exposing fake news on the state-funded BBC, his last remaining social media accounts got terminated.
He even had his book banned by Amazon. Amazon once vowed it would never ban books. Now it is doing exactly that.
Amazon founder Jeff Bezos, who has an estimated net worth of $140 billion, controls 75% of the market for e-books. He has the ability to single-handedly deprive authors of a livelihood if he doesn’t like their opinions. In the last few days, Amazon has removed books by immigration restrictionists, historical revisionists, conspiracy theorists, race realists, gun makers, and pick-up artists after offended journalists wrote articles complaining about them.
Establishment media outlets are also trying to force out competing, independent content creators on platforms such as YouTube. Old guard media’s latest crusade is against so-called “conspiracy theories.” Anything that questions the prevailing narrative on any topic can now be branded as a “conspiracy theory” and removed or demoted by Big Tech’s algorithms.
For example, independently produced videos critical of the Federal Reserve are now being hidden in YouTube’s search results… and replaced with banal cable TV news clips. Here’s alternative media personality and sound money advocate Mark Dice with his take:
Mark Dice: BuzzFeed did an investigation and then tattled to YouTube because they didn’t like the videos that were coming up. And so YouTube changed the algorithm again to favor mainstream media sources even more heavily. MSNBC’s Chris Hayes was also upset about what he was finding on YouTube.
“Imagine you’re a high school freshman and got a school assignment about the Federal Reserve. You watch videos on YouTube all the time, so you go home and put Federal Reserve in the YouTube search bar, this is the first one that comes up with 1.6 million views.” Oh, it looks like it’s a documentary from James Corbett titled Century of Enslavement, the History of the Federal Reserve. Oh, and look at this now. When you type in the Federal Reserve into YouTube, the number one search result is from CNN. How the Federal Reserve works.
A few years ago, Mark Dice put out a viral video offering random people on the street their choice of a chocolate candy bar or a 10-ounce bar of pure silver. The result of the social experiment was both humorous and sad – revealing just how ignorant the typical American is about the value of silver.
Mark Dice: Which one do you want?
Participant #1: Uhhh, well, I don’t have any way to do anything with the silver.
Mark Dice: Okay, so you prefer the Hershey bar?
Participant #1: Yeah, but is it real?
Mark Dice: Would you rather have the Hershey bar than the silver bar?
Participant #2: Yes, I would. The Hershey bar, you can eat it. You can’t eat the silver bar.
Mark Dice: What are you going to do with a ten ounce bar of silver? Right? You know.
Participant #3: I’ll take this one.
Mark Dice: You’ll take the chocolate bar. Who needs a ten ounce bar of silver? Right. Have a good day!
Before silver was removed from U.S. circulating coinage in the 1960s, any random person could be expected to have a general idea of what an ounce of silver was worth. Nobody in their right mind would prefer a chocolate bar over a ten ounce silver bar – something 100 times more valuable.
The public has been systematically deprived of basic knowledge about sound money thanks to what’s taught, and not taught, in our schools and what’s propagandized in the mainstream media. Americans have been reduced to preferring the instant gratification of candy over a permanent form of real wealth their ancestors would have all recognized and highly prized.
But apparently anyone who tries to connect the dots of mindless, short-sighted consumerism to our unsound, debt-based monetary system is just a conspiracy theorist who has no place on the platforms of internet monopolists.
Perhaps the greatest bait and switch scheme of all time was when a small handful of Big Tech companies gained the trust of everyone by openly declaring their commitment to free speech principles. Then when they became de facto public utilities by amassing nearly all the traffic in their respective domains, they decided to become the world’s biggest controllers of speech.