Friday, May 3, 2024

Record Highs: Unprecedented Surge in Gold and Bitcoin Prices with Craig Hemke

by Kerry Lutz, Financial Survival Network:

In this video, Craig Hemke and I delve into the recent unprecedented surge in the prices of gold and Bitcoin, analyzing the factors contributing to their record highs. We explore the economic, geopolitical, and market dynamics driving investors towards these assets as safe havens and speculative investments. Our discussion covers the impact of inflation, interest rate changes, and global uncertainties on the appeal of gold and the digital gold, Bitcoin. Craig provides his insights into the sustainability of these price levels, potential future movements, and strategies for investors navigating this volatile landscape. We also examine the broader implications of these price increases on the economy, traditional investments, and the emerging digital currency market. Whether you’re a seasoned investor or just curious about the recent hype, this video offers valuable perspectives on the shifting tides of global finance.

Gold Hits New All-Time Record High

by Peter Schiff, Schiff Gold:

Gold hit a new all-time nominal high, surpassing the previous record set in December of the previous year. The precious metal’s price reached approximately $2,140, indicating a robust and continuing interest in gold as a safe-haven asset, despite a rather peculiar lack of fanfare from the media and retail investors. This latest peak in gold prices was notably recorded without the typical surge in public buying that usually accompanies such milestones. Instead, there has been a consistent outflow from gold ETFs, suggesting that the retail sector has been selling rather than accumulating during this rally.

Biden Threat to Seize Russian Assets Sends Gold to All-Time Highs

by Mike Maharrey, Gold Seek:

The United States enjoys the privilege of issuing the world’s reserve currency. But it increasingly uses that privilege as a hammer to shape foreign policy.

Could Americans end up feeling the blows from that hammer?

Economist and the author of Currency Wars Jim Rickards thinks that’s already happening.

After gold futures closed at a record high last Friday, the intraday spot price of gold surged over $2,100 per ounce on Monday, knocking on the door of its all-time high of $2,135 set last December.

California’s Politicians Appear Determined to Bring ‘Atlas Shrugged’ to Life

by Daniel Kowalski, FEE:

The proposed wealth tax is just the latest in a series of attacks against productive entrepreneurs.

The plot of Ayn Rand’s 1957 novel Atlas Shrugged can be briefly summed up as follows: the productive leaders and innovators of the country go on strike by disappearing from society to protest the cronyism, corruption, and oppressive taxes that have made living a virtuous life unbearable. The nation is then on the brink of an economic collapse as the remaining politicians, intellectuals, and mediocre businessmen are only able to take from others and have no capability to create or add value. Atlas Shrugged is very popular with those whose views lean toward libertarianism, while those who lean to the left react to it like a vampire does to a crucifix, despite never even reading a page.

Totally sustainable…it’s fine…everything is fine. Good article.

The Questions CFTC and Fed Won’t Answer Expose Gold Price Suppression Policy

by Chris Powell, Gold Seek:

If mainstream financial news organizations ever work up the courage to report honestly about monetary gold, the commanding heights of the issue will have been mapped out for them by U.S. Rep. Alex X. Mooney, R-West Virginia.

After all, where can investigative journalism start better than with questions that already have been shown to be too politically sensitive for the highest government officials to answer, even when a member of Congress is asking?

Thanks to Mooney, in 2020 the U.S. Commodity Futures Trading Commission was shown refusing to answer whether it has jurisdiction over manipulative trading in the commodity futures markets when such trading is undertaken by or at the behest of the U.S. government:

What Edward Snowden just said about Bitcoin is SHOCKING, pay attention! | Redacted News

from Redacted News:

TRUTH LIVES on at https://sgtreport.tv/

TAKE ACTION: Steps to Secure Financial Freedom

by The Sharp Edge, Corey’s Digs:

From the looming financial crisis to the threat of global war, not to mention the potential release of ‘Disease X,’ or the weaponization of governments against the people as we head into elections… this year has promised to be a wild ride.

The relentless attacks on our sovereignty are coming from every angle, making it easy for the public to get divided, disoriented, and distracted. However, this is not the time to deviate from our critical mission. It is precisely the time to focus on the central planners’ end game, which is totalitarian control of the people through a ‘Great Reset’ of the financial system.

JUST IN: Edward Snowden predicts “A national government will be revealed this year to have been buying #Bitcoin without having disclosed that fact publicly.”

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.

Entering a Global Great Depression – David Morgan

by Greg Hunter, USA Watchdog:

Economic analyst and financial writer David Morgan has gone against the majority in the past with predictions that seemed unbelievable at the time. One prediction last year is the Fed not cutting interest rates in 2023. The Fed didn’t, and Morgan is still predicting there will be no Fed interest rate cut anytime soon. Now, with a record high stock market, Morgan is predicting “We are entering into a global depression the likes of which the world has never seen.” The warning signs are many as Morgan explains, “When we enter a depression, people cannot keep up with inflation. So, they work even harder or more hours to try to make ends meet.”

A Banking Game Bait and Switch on Interest Rates, Fed Stands Idly By

by Mish Shedlock, Mish Talk:

Have you read the fine print on high yield savings accounts? Do you have any idea how banks are screwing you by renaming products?

Beware the Name Change Bait and Switch

The Wall Street Journal notes High-Yield Savings Accounts Come With an Asterisk

Online-centric banks such as UFB, Capital One Financial and CIT Bank attract deposits by paying rates far higher than typical bricks-and-mortar banks. Rates on these high-yield accounts generally rise alongside U.S. interest rates without depositors needing to take any action. But some customers say these lenders deceived them by advertising competitive rates while paying longtime customers lower ones. In some cases, only customers who were monitoring their bank’s every move could notice and respond to the changes.

ZIMBABWE CONSIDERS GOLD TO BACK ITS CURRENCY

from Arcadia Economics:

TRUTH LIVES on at https://sgtreport.tv/