Thursday, August 22, 2019

4 compelling reasons to be thinking about gold

by Simon Black, Sovereign Man:

From time to time it’s important to take a giant step back and take a fresh look at everything that’s going on with a big picture perspective.

The last few weeks has been nothing short of incredible… so many important things happening that have never happened before ever. Let’s take a step back together:

1) $50 billion to “elevate your consciousness”

As we discussed on Monday, WeWork filed its formal IPO paperwork in the United States last week, indicating that the company will be worth nearly $50 BILLION when it goes public.

Protect Your Wealth Against Unintended Fiscal & Monetary Policy Consequences With Gold

from Silver Doctors:

Some analysts are making forecasts for a $2,000 per ounce gold price. Here are some of the reasons why…

by Frank Holmes of US Funds

A number of weeks ago, I told you about my visit to the New York Stock Exchange (NYSE), where we celebrated the two-year anniversary of our quantamental gold ETF. The timing couldn’t have been better. Investor sentiment in gold was surging, as was the price of the yellow metal, on plunging yields around the world and uncertainty surrounding the U.S.-China trade war.

Build the Plan vs. Test the Plan – Part 1

by T.R., Survival Blog:

My goal in this article is to detail how to “build the plan” versus “test the plan” for bugout, while having fun.

We regularly read SurvivalBlog and enjoy it immensely. We’ve also read and studied a lot of great books including Lights Out and Patriots. However, a few years ago we realized our learning curve was too slow for the fast-moving risk profile of a civil society becoming more frazzled (coupled with having moved to a hurricane-prone state after my husband’s retirement). We brainstormed how to compress the time required around implementing many of the great ideas from SurvivalBlog and associated books and articles.

Kyle Bass on where the global economy is headed: ‘This is insane’

by Shawn Langolis, Market Watch:

This is insane. The Japanese are going to keep going. The Chinese print money like it’s a national pastime today. Europe is going to restart QE.’

That’s Hayman Capital Management fund manager Kyle Bass talking on CNBCTuesday about how monetary easing is catching fire around the world and will eventually bring U.S. interest rates all the way down to zero.

“We’re the only country that has an integer in front of our bond yields,” he said. “We have 90% of the world’s investment-grade debt. We actually have rule of law and we have a decent economy. All the money is going to come here.”

Nixon’s Nightmares Coming True as Russia and China Seek Further Rapprochement

by Jean Perier, New Eastern Outlook:

Over the past few years, the United States has been going beyond itself in a bid to somehow demonstrate its military prowess to the rest of the world, thus forcing a number of international players into surrendering their national interests and submitting to the American will through its never-ending saber-rattling. Washington’s demonstration of its readiness to deploy even more American troops to Iraq, Syria, Afghanistan and a great many other countries of the world to promote its policies and support its satellite-states has not just led to a massive pushback, but also sparked the desire to create a counterbalance to the existing US hegemony, shared by a great many of sovereign states across the globe.

The Outlook For COMEX Silver Improves – Craig Hemke (20/08/2019)

by Craig Hemke, Sprott Money:

While we’ve been on the record since January in predicting that 2019 would see the best annualized gains for the precious metals since 2010, we’ve also been concerned that COMEX gold might pull away from COMEX silver in the short term. Now? Maybe not so much.

Two posts from earlier this year that you should review before continuing:

• This from January: https://www.sprottmoney.com/Blog/gold-and-silver-2…

• This from May: https://www.sprottmoney.com/Blog/recalling-2010-cr…

Over the past few weeks, I’ve often stated in public interviews that an expansion of the Gold:Silver Ratio to 100 would not surprise me—meaning that COMEX gold could go to $1700 while COMEX silver remains near $17—before a “substitution effect” finally forces The Banks to retreat and silver moves higher. While this may still be the case, a couple of changes over the past few weeks have led me to consider a different, short-term outlook for COMEX Digital Silver.

“Don’t Save For Retirement” – A Discussion with Dan Ameduri

by Turd Ferguson, TF Metals Report:

Our old pal Dan Ameduri has released his first book today and it comes with the provocative title, “Don’t Save For Retirement”. What does Dan mean by that title and what message does he hope to spread by writing this new book? Today we ask him for the answers.

This is certainly not just a precious metals discussion. In fact, it’s far from it! Instead and as Dan explains, the “rules” of retirement planning that the mainstream media and financial industry routinely shove down your throat are just plain wrong. In Dan’s words, don’t simply save for growth. Look for long-term income producing investments, as well. Don’t just collect paper assets. Buy and hold and tangible things, instead.

Click HERE to listen

Keiser Report: Anti-trust, Anti-war (E1425)

from RT:

In the second half, Max continues his interview with Karl Denninger of Market-Ticker.org. They discuss the economic platforms of the candidates for the Democratic party nomination for president: from Elizabeth Warren’s antitrust policies to Tulsi Gabbard’s anti-war platform and all the universal basic income ideas in between.

GDP Ain’t What it Used to Be!

by David Haggith, The Great Recession Blog:

Let me help remove the rose-colored glasses for anyone who still thinks GDP this year is good.

First, GDP growth in the first quarter was not “great” as I’ve heard some claiming. It was, by US historical standards, a little lower than mediocre. Second, the biggest tax cuts in history only got us down to 2.9% GDP growth for 2018. GDP growth had been pegged originally around 3.1%, but that was revised down, as is usually the case. Every administration tends to estimate GDP on the rosy side because bad news is swallowed easier the further back in time it lies. So, estimate high and revise lower seems to be the government’s perennial approach.

How Negative Interest Rates Screw Up the Economy

by Wolf Richter, Wolf Street:

Now they’re clamoring for this NIRP absurdity in the US. How will this end?

This is the transcript from my podcast last SundayTHE WOLF STREET REPORT:

Now there is talk everywhere that the United States too will descend into negative interest rates. And there are people on Wall Street and in the media that are hyping this absurd condition where government bonds and perhaps even corporate bonds, and eventually even junk bonds have negative yields. All of that NIRP absurdity is already the case in Europe and Japan.

There is now about $17 trillion – trillion with a T – in negative yielding debt in the world, government and corporate debt combined.

The Real Reasons Why The Media Is Suddenly Admitting To The Recession Threat

by Brandon Smith, Alt Market:

One thing that is important to understand about the mainstream media is that they do tell the truth on occasion. However, the truths they admit to are almost always wrapped in lies or told to the public far too late to make the information useful.   Dissecting mainstream media information and sifting out the truth from the propaganda is really the bulk of what the alternative media does (or should be doing).  In the past couple of weeks I have received a rush of emails asking about the sudden flood of recession and economic crash talk in the media.  Does this abrupt 180 degree turn by the MSM (and global banks) on the economy warrant concern?  Yes, it does.

Safe Haven Appeal Sends Gold Above $1,500

from Birch Gold Group:

This week, Your News to Know rounds up the latest news involving gold and the overall economy. Stories include: Gold gains as recessionary fears lift safe-haven appeal, gold prices to hit $1,575 in 3 months and $1,600 in 6 months, and why bullion prices could keep exploding next week.

Gold Gains as Recessionary Fears Lift Safe-Haven Appeal

After cementing its position above the $1,500 level, Tuesday’s trading session saw gold jump as high as $1,534 an ounce before settling lower. According to an article on CNBC, investors poured into the metal over increasing civil unrest in Hong Kong and a dip in Argentina’s peso that potentially signaled dire things for the country’s economy.