Totally sustainable…it’s fine…everything is fine. Good article. https://t.co/YfVMqNMxVG
— Edward Dowd (@DowdEdward) March 2, 2024
Totally sustainable…it’s fine…everything is fine. Good article.
Bitcoin surges beyond $60,000 mark
from RT:
The leading cryptocurrency has reached a two-year high after several consecutive days of gains
The price of Bitcoin, the world’s highest-valued cryptocurrency, surged past the $60,000 mark on Wednesday, according to CoinDesk.
The token rose above $60,600 at 14:55 GMT, its highest level since November 2021, marking a gain of over 6% over the past 24 hours.
How Close Should Your Wealth Be?
by Jeff Thomas, International Man:
Recently, an eminent gold advisor, whom I know and have a high regard for, stated that holders of precious metals would be well served by keeping their metals in a remote location, saying, “Distance equals security.” (He lives in the US and recommends storage in New Zealand, as it’s as far away from him as possible.)
Another prominent metals advisor, whom I also know well and respect, contacted me after the release of this statement to say that he doesn’t necessarily agree with the idea, even though he himself stores gold in a country outside his own.
Guest Post: “Costco Selling Gold and Silver”, by AGXIIK and Renozep
by Turd Ferguson, TF Metals Report:
Costco is selling gold and silver on line. Are they anticipating future consumer trends? Or are they getting Sound and Real money into their customer’s hands due to issues with the dollar and CBDCs?
Which one is it?
Something totally new? A marketing test run? A means to bring in new customers? Satisfying a survey that said some people want to buy precious metals? Or is it something else?
“Goldilocks” Is Gonna Get It
by Jim Rickards, Daily Reckoning:
The Fed kept the fed funds rate unchanged at last week’s meeting, as I predicted.
That makes 17 Fed meetings in a row going back to March 16, 2022, when I got the Fed forecast right. Events remain uncertain from here, but it’s so far, so good for my forecasting (that’s not because I have a crystal ball but because I know how to read them).
Jay Powell’s press conference following the FOMC meeting was notable for how little was said about interest rate policy and how few questions there were from the media on that topic.
The Royal Mint’s Growing Interest in Singapore
from BullionStar:
The Royal Mint, which is the United Kingdom’s official government mint, is taking a growing interest in Singapore and Southeast Asia’s bullion market and is expanding its presence and product offerings in the gold and silver-hungry region.
With an illustrious history going all the way back to 886 AD, The Royal Mint is one of the world’s oldest mints and is famous for its high quality bullion products including the long-running Gold Sovereign coin, the gold, silver, and platinum Britannia, Queen’s Beast, and Tudor Beast series of coins, as well as a variety of gold, silver, and platinum bullion bars.
Will Silver Steal the Spotlight?
by Mike Maharrey, Silver Seek:
Gold has garnered a lot of attention in the last few weeks with its record-setting run. Since the end of February, gold is up nearly 7 percent and set an all-time record of $2,195 an ounce along the way.
This is really good news for silver.
That wasn’t a typo. I meant silver.
I’ve been arguing that silver is drastically underpriced given the supply and demand dynamics for quite a while. With gold setting up for an extended rally, silver could be poised for a record-setting launch of its own, and it just might steal gold’s spotlight.
Zimbabwe Floats the Idea of Putting Its Currency on a Gold Standard
by Mike Maharrey, Gold Seek:
Could arguably the world’s worst currency become its best?
If Zimbabwe follows through and embraces a plan to back the Zimbabwe dollar with gold, it just might.
Last week, Zimbabwe President Emmerson Mnangagwa said officials were exploring ways to introduce a “structured currency,” but he didn’t explain what that meant. On Monday (Feb. 12), Finance Minister Mthuli Ncube shed some light on the plan, saying the goal was to “manage the growth of liquidity which has a high correlation to money supply growth and inflation.”
Economic Earthquake Ahead? The Cracks Are Spreading Fast
from Birch Gold Group:
One of my favorite false narratives floating around corporate media platforms has been the argument that the American people “just don’t seem to understand how good the economy really is right now.” If only they would look at the stats, they would realize that we are in the middle of a financial renaissance, right? It must be that people have been brainwashed by negative press from conservative sources…
I have to laugh at this notion because it’s a very common one throughout history – it’s an assertion made by almost every single political regime right before a major collapse. These people always say the same things, and when you study economics as long as I have you can’t help but throw up your hands and marvel at their dedication to the propaganda.
The bullish factors behind silver’s rise
by Alasdair Macleod, GoldMoney:
In recent weeks, silver’s price has been remarkably strong, threatening to break out above the levels established in August 2020. The long-term chart certainly looks positive.
Could we be witnessing a major turning point for silver?
This increasing possibility is tied up in evidence that fiat currencies are descending into debt-driven chaos, and that the future will favour currencies linked to gold. All my research confirms that gold is the monetary proxy for commodities and energy. But throughout most of post-mediaeval history, silver had a similar role when the gold/silver ratio was between fourteen and sixteen times. That relationship ended in the early 1870s, following the Franco-Prussian war when gold reparations from France allowed the German victors to migrate from a silver to a gold standard.
