from RoadtoRoota:
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The Hierarchy of Money and the Case for $8,000 Gold
by Jan Nieuwenhuijs, The Gold Observer:
In the hierarchy of money gold is superior to fiat money. From an historical perspective the past decades have been characterized by trust in fiat money, whereby fiat made up the lion share of global international reserves. The war between Russia and Ukraine (and by extension West and East), inflation, and systemic risks are reversing this trend. A long-term gold valuation model, which assumes gold will account for the majority of international reserves, suggests the gold price to exceed $8,000 in the coming decade.
Hold Gold, Buy Silver
by Richard (Rick) Mills, Gold Seek:
Gold is back in favor this week as a banking crisis that started with the failure of Silicon Valley Bank (SVB), had investors flocking to safe-haven assets including the US dollar, Treasuries and bullion.
Spot gold Wednesday hit an intra-day high of $1,933/oz, as European bank stocks fell. Credit Suisse shares came under intense selling pressure, after its largest investor said it could not provide the Swiss bank with more financial assistance. However, they surged on Thursday after the country’s central bank agreed to lend it up to $54 billion, following the collapse of three US banks — SVB, Silvergate and Signature Bank.
GOLD CONTINUES WITH ITS ASSAULT ON $2,000 COMING REALLY CLOSE
by Harvey Organ, Harvey Organ Blog:
GOLD CONTINUES WITH ITS ASSAULT ON $2,000 COMING REALLY CLOSE: GOLD CLOSES UP $47,60 TO $1996,40//SILVER ALSO ADVANCES SMARTLY UP 62 CENTS TO $23.11//PLATINUM IS UP $3,30 TO $985.90//PALLADIUM DOWN $25,20 TO $1437.10//COVID UPDATES/DR PAUL ALEXANDER//SLAY NEWS//CREDIT SUISSE AND OTHER BANKING ISSUES
HUGE RIOTS IN GERMANY AND FRANCE CONTINUES TO BURN A LA NERO
by Harvey Organ, Harvey Organ Blog:
GOLD WAS UP $6.10 TO $1944.70//SILVER WAS UP 20 CENTS TO $22.49//COVID UPDATES//DR PAUL ALEXANDER// SLAY NEWS UPDATES//UKRAINE VS RUSSIA UPDATES///HUGE RIOTS IN GERMANY AND FRANCE CONTINUES TO BURN A LA NERO//BANKING CRISIS IN EUROPE AND THE USA INTENSIFIES//IMPORTANT COMMENTARIES TODAY: AMBROSE EVANS PRITCHARD AND JOHN RUBINO
BOND YIELDS SKYROCKET TO 15% AS THESE ARE SHUNNED
by Harvey Organ, Harvey Organ Blog:
RAID!!//GOLD CLOSED DOWN $39.70 TO $1938.60//SILVER CLOSED DOWN $.24 TO $22.29//PLATINUM CLOSED DOWN $15.45 TO $974.05//PLATINUM CLOSED DOWN $31.60 TO $1391.80//COVID UPDATES//DR PAUL ALEXANDER/VACCINE IMPACT//SLAY NEWS//CO CO BOND YIELDS SKYROCKET TO 15% AS THESE ARE SHUNNED//UKRAINE VS RUSSIA//USA SENDS 350 MILLION DOLLARS FOR AID TO UKRAINE//UK TO PROVIDE ARMOUR PIERCING BULLETS AND URANIUM DEPLETED (RADIOACTIVE)//SWAMP STORIES FOR YOU TONIGHT
The Comex is in Far Worse Shape Than SVB if the Run on Physical Accelerates
by Peter Schiff, Schiff Gold:
Given the potential impacts of the ongoing banking crisis, I will start this article with the conclusion.
The current banking crisis could not have come at a worse time for the Comex system. Inventories have seen massive depletion over the last 2+ years as investors have slowly been pulling physical out of the vaults. I have previously called this a run on the vault but labeled it as a stealthy one. As though certain investors did not want to raise the alarm, but slowly take possession while inventory was still available.
TENNESSEE HOUSE BILL: STATE TREASURER MAY ACQUIRE GOLD TO PROTECT …
by Joseph P. Farrell, Giza Death Star:
We round out this week’s blogging about the pushback movement from the states with this story from Tennessee shared by K.M. This is another benchmark development as we’ll see in a moment, but first, the article:
Tennessee House Votes 98-0 to Allow State Treasurer to Acquire and Hold Gold to Protect the State
I want to cite significant portions of this article:
As inflation continues to terrorize the budgets of Americans and states alike, two Tennessee bills empowering the State Treasurer to invest state funds in physical gold and silver are moving quickly through the legislature.
Gold prices reflect a shift in paradigm – Part II
by Alasdair Macleod, GoldMoney:
In the first part of this report, we highlighted that observed gold prices have significantly detached from our model-predicted prices. While this has happened in the past, prices always converged eventually. However, the delta between the observed and the model predicted price has now reached a record high of around $400/ozt. We thus ask ourselves whether it is reasonable to expect that model-predicted and observed prices will converge again in the future, or, whether we witness a shift in paradigm and the model no longer works.Â
CREDIT SUISSE PROBLEMS CONTINUE UNABATED AS THEY SEEM TO HAVE A MAJOR DERIVATIVE PROBLEM
by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED DOWN $6.95 TO $1918.20//SILVER CLOSED DOWN 25 CENTS TO $21,59//PLATINUM CLOSED DOWN $12.80 TO $962.75//PALLADIUM FINISHED THE DAY DOWN $65.25 TO $1363.25//BANKING CRISES CONTINUE WITH A RESCUE ATTEMPT AT SMALL BANKS WITH A MISMATCH OF SHORT TERM AND LONG TERM DEBT//CREDIT SUISSE PROBLEMS CONTINUE UNABATED AS THEY SEEM TO HAVE A MAJOR DERIVATIVE PROBLEM//UKRAINE VS USA// SURPRISINGLY THE ECB RAISES ITS RATE BY .50% DESPITE THE CREDIT SUISSE PROBLEMS//PHLLY MFG INDEX FALLS AGAIN BADLY
