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Singapore Adds Gold to Reserves for the First Time in Over 2 Decades
by Peter Schiff, Schiff Gold:
Singapore expanded its gold reserves by about 20% earlier this year, joining a growing number of countries increasing their investment in the yellow metal.
The Monetary Authority of Singapore (MAS) bought 26.3 tons of gold in May and June, according to its most recent International Reserves and Foreign Currency Liquidity report. It was the first expansion of the country’s gold reserves since the year 2000.
Go Big With Gold
by Stewart Thomson, Gold Seek:
- US democrats and republicans continue their exuberant battle over who is the best steward of the nation’s fiat money system. Interestingly, a key question may be:
- Is this really a battle worth fighting?
- Click to enlarge this horrifying US dollar versus gold chart.
Gold, Silver And Mining Stocks: Patience Will Be Rewarded
by Dave Kranzler, Investment Research Dynamics:
Without question, investing in the precious metals sector has been a pain in the ass for nearly the entire 20 years I’ve been involved. The official intervention, which has become shamelessly blatant, is the primary reason. But also, speculative capital floods into the sector when a big move looks ready to occur. The sector quickly becomes technically overbought and sentiment soars, which makes it easier for the banks to beat the metals and miners back down. What’s the motive for this? To prevent a rising price of gold from signaling the degree to which Fed and Government policies have engendered untenable systemic problems. First and foremost is the problem of uncontrollable price inflation unleashed by flooding the monetary system with printed currency.
POWELL SURPRISES MARKET BY STATING HE WILL MOVE FASTER ON TAPERING AND THIS SLAMS GOLD/SILVER AND THE DOW
by Harvey Organ, Harvey Organ Blog:
FIRST DAY NOTICE//POWELL SURPRISES MARKET BY STATING HE WILL MOVE FASTER ON TAPERING AND THIS SLAMS GOLD/SILVER AND THE DOW//HE ALSO STATES THAT HIS TRANSITORY MEME IS GONE//GOLD DOWN $8.70 TO $1775.25//SILVER DOWN 3 CENTS TO $22.83//AMT OF GOLD INITIALLY STANDING FOR DELIVERY IN DEC: 98.000 TONNES//SILVER OZ STANDING FOR DEC: 47.535 MILLION OZ//COVID COMMENTARIES//VACCINE UPDATES//BIG STORY IS CELINE DION HAS PROBABLE GUILLAN BARRE SYNDROME AS SHE IS PARALYZED//CANNOT WALK//INFLATION IS RIPPING APART EUROPE//CHINA CRACKS DOWN ON DIDI AGAIN// GERMANY TO PHASE OUT ALL NUCLEAR POWER DESPITE HIGHER ENERGY PRICES FOR ELECTRICITY AND NATURAL GAS///SWAMP STORIES FOR YOU TONIGHT
Investors Purchased A Record Amount Of Gold Eagles While Most Americans Plowed Into The Massive Stock Market Bubble
by Steve St. Angelo, SRSRocco Report:
As most Americans plowed into the Biggest Stock Market Bubble in history this year, wise investors purchased the highest Dollar amount of Gold Eagles ever. Even though the worst of the Pandemic seems to be in the rear-view mirror, demand for Gold Eagles was much stronger than last year, especially in the past two months.
