by Jim Rickards, Daily Reckoning:
Our friend and colleague Jim Rickards has the energy and drive of a 20-year old. I try to read everything he writes, and watch all his media appearances. But sometimes a gem slips through the cracks.
Two months ago, Jim was featured on Daniela Cambone’s Youtube show. This was a gem, and luckily a reader alerted us to it.
The provocative title is “Jim Rickards: Is the Gold Gone? Did the U.S. Treasury Lease it? This Would Break the System”.
by Mike Maharrey, Silver Seek:
As gold marches ever higher, silver continues to lag, like a kid more interested in sniffing flowers than keeping up with his parents’ pace.
Don’t get me wrong. Silver hasn’t done horribly so far this year. It is up a little over 12 percent. However, it has failed to close the gap with gold, and that has many investors questioning what’s going on with the white metal.
As of this morning, the gold-silver ratio was just over 103:1. That means it takes about 103 ounces of silver to buy an ounce of gold.
This is slightly above the 1991 peak and not too far below the all-time high of 123:1 during the pandemic chaos in 2020.
by SilverWars, Silver Seek:
For the last five years, the world has consumed more silver than it produced. Demand from the US Military (for electronics, ships, and weapon systems), the aerospace sector, EVs, and photovoltaic manufacturers keeps climbing—yet supplies lags. By all accounts, the fundamentals of silver are rock solid. You’d think this supply crunch and industrial appetite would send prices soaring and convince retails holders to cling to their physical silver. But instead, many small investors are losing faith at the worst possible time. What gives?
It turns out the real battle is not in the mines, but in our minds!
by John Rubino, John Rubino:
Gold and silver are being pulled down by a general equities bear market this morning. That’s not surprising, but the details are interesting. Some background:
Rush to get gold to the U.S. halts abruptly with tariff exemption
(Bloomberg) – A massive arbitrage trade that has drawn tens of billions of dollars’ worth of gold and silver to the U.S. came to an abrupt halt with Wednesday’s announcement that precious metals would be exempt from Donald Trump’s sweeping tariffs.
by Adam Sharp, Daily Reckoning:
Every so often, silver goes through a mania phase.
I experienced my first and only silver mania from 2009-2011. There’s nothing quite like it in the investment world. Simultaneously thrilling, nauseating, and lucrative.
Silver is tiny compared to gold and other commodities, so bull markets tend to be almost violent in nature. Once generalist investors get involved, things can quickly get out of hand, in the best kind of way.
Here’s a chart showing the relative performance of silver vs gold from 2009 through 2011:
