from GoldSilver:
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Mid-Week Conversation: James Turk
by Turd Ferguson, TF Metals Report:
When I first started this site 15 years ago, there were only a handful of legitimate experts in the precious metal space. Guys like Jim Sinclair or Ted Butler. James Turk has long been an expert, too, and it’s a great pleasure to welcome him back today for this podcast.
As we’ve been focusing upon of late, the first question I ask James today is…”Is this time different”? Gold has spent the past 18 months making new highs after news highs but silver has only just recently made its own new all-time high. Previous moves to near $50/ounce have only preceded sharp drop-offs in the weeks that followed but…at least as of this writing…price is hanging in there this time. See the charts below, reprinted from this morning’s post:
End of American Empire Nears – David Morgan
by Greg Hunter, USA Watchdog:
More than a year ago, economic analyst and financial writer David Morgan predicted we were entering a global Great Depression. With massive AI layoffs, sky rocketing silver and gold prices, exploding debt and civil unrest increasing, it looks like Morgan was right—again. On the money side, demand is so weak for US Treasuries that former Trump Federal Reserve nominee, Judy Shelton, was pitching a gold-backed US Treasury Bond on CNBC. Was Shelton running a flag up the pole to gage the reaction for the White House? Morgan says, “You are not getting on CNBC and talking about a gold-backed bond unless it’s been, let’s say, approved by the powers that be. This is something that will help restore a sound monetary system with possible gold convertibility. Shelton argues that the US monetary system is unstable, inflationary and it erodes purchasing power. Shelton says a new bond with a link to gold would restore trust.” Morgan also contends this would add greatly to the already bullish environment for gold and silver.
Stop Celebrating $10,000 Gold
by Dr. Ron Paul, Gold Seek:
Hi, Dr. Ron Paul here.
You’ve probably seen the headlines.
Jamie Dimon – CEO of JPMorgan Chase – recently suggested gold could hit $10,000. Goldman Sachs is saying $4,900 and others, even higher.
I’ve spent decades advocating for gold. So you might think these predictions would excite me.
But here’s the truth…
Inflation Is Baked into the Fiat Cake
by Stuart Englert, Stuart Englert’s Substack:
Constitutional Money Offers a Solution to Unsound Currency
Consumers and workers across the United States and globe regularly complain about the rising cost of living, and wages that don’t—and haven’t—keep pace with inflation.
They blame billionaires for income inequality, corporations for price-gouging and politicians for refusing to increase the minimum wage. Some of their arguments and criticisms are valid.
Indian Silver Disruption Lasting Far Longer Than Initial Reports
by Chris Marcus, Silver Seek:
The gold and silver prices are down slightly this past Friday to close out what’s been a volatile week, although losses are much smaller than some of the previous sessions of the past few days.
Gold futures are currently down $23, trading at $4,123.
India Unleashes Silver as Banking Collateral with 10-to-1 Gold-Silver Ratio—Declares Silver as Global Monetary Metal.
by The Silver Academy, Silver Academy:
India sets silver as collateral for bank loans, capping gold at 1 kg, silver at 10 kg—creating an industry-shaking 10-to-1 monetary metal benchmark
Foreword:
India’s bold move to recognize silver as banking collateral at a 10-to-1 gold-silver ratio catapults silver into the monetary spotlight—reshaping global finance and fueling the next era of silver-backed lending, credit access, and industrial expansion
Convulsonomics – Steve Quayle
by Greg Hunter, USA Watchdog:
Renowned radio host, filmmaker, book author and archeological dig expert Steve Quayle is back with a global economic warning. So many things are going haywire, it appears the world is going into economic convulsions. Quayle has coined the term “Convulsonomics” to describe what we are facing. Let’s start with the exploding record high gold and silver prices that have just sold off dramatically. Quayle, who has sold precious metals for four decades, is not worried and explains, “This is one of the most extreme movements in gold and silver. I want people to understand something; it is normal for a pullback when a market has gotten so hot. Gold is down $230 an ounce, but people forget it went up $100 every other day for over a week. Silver is the same, and silver is in extreme short supply. . .
