by Kerry Lutz, Financial Survival Network:
Michael Pento believes that the Fed’s rapid rate increases have caused a banking crisis, and that the Fed’s actions have created an artificial construct that will lead to a deflationary recession/depression followed by runaway inflation. He predicts a 30-50% drop in equity averages and suggests investors play it safe by collecting dividends in a safe manner.
by Harvey Organ, Harvey Organ Blog:
HIGH LEVEL OF T.A.S. ISSUANCE GIVES US A STRONG INDICATOR OF CONSTANT WHACKING OF SILVER AND GOLD//GOLD CLOSED DOWN $9.50 TO $1963.25//SILVER CLOSED DOWN $.35 TO $23.13//PLATINUM CLOSED DOWN $25.90 TO $1025.95 WHILE PALLADIUM CLOSED DOWN A HUGE $46.35 TO $1406.50//POLAND, AFTER A FEW MONTHS OF PAUSE, RESUMES ITS PURCHASE OF GOLD: LAST MONTH 15 TONNES//GOLD AND SILVER PURCHASES BY INDIANS INCREASES DUE TO THE REMOVAL OF 2,000 RUPEE NOTE/INFLATION IN THE UK HITS 3 0 YEAR HIGHS//WAGNER CHIEF BROADCASTS HIS VICTORY OF BUKHMUT BUT ALSO ANNOUNCES THAT HE LOST 20,000 MEN//HE ALSO SCOLDS PUTIN FOR THIS INCURSION INTO UKRAINE//COVID UPDATES//DR PAUL ALEXANDER/VACCINE IMPACT/SLAY NEWS,EVOL NEWS//UPDATES ON THE DEBT CEILING DEBACLE IN CONGRESS
by Peter Schiff, Schiff Gold:
Which countries hold the most gold?
Central banks around the world have been piling up gold. After a record-setting 2022, central bank gold reserves increased by 228 tons through the first three months of 2023, a Q1 record. This was 38% higher than the previous first-quarter record set in 2013.
Total central bank gold buying in 2022 came in at 1,136 tons. It was the highest level of net purchases on record dating back to 1950, including since the suspension of dollar convertibility into gold in 1971. It was the 13th straight year of net central bank gold purchases.
by Jim Rickards, Daily Reckoning:
Hurricanes are a threat if you live in certain areas. Yet, hurricanes are reliably confined to a hurricane season that runs from June to November in the Northern Hemisphere.
Likewise, wildfires are a threat, but they’re usually confined to periods when dry conditions and high winds combine to make forests predictably combustible.
Put differently, the exact timing of some catastrophes may be unpredictable but they’re usually associated with certain seasons and conditions.
Right now, we’re in the heart of banking crisis season. Even worse, we could be on the brink of a financial crisis worse than 2008.
by Jan Nieuwenhuijs, Gold Seek:
This is part one of a series on COMEX gold futures contracts, for those interested to reach a proper understanding on this section of the gold market. In this first part we will discuss the history of futures trading and the basics of COMEX gold futures.
The History of Futures Trading
According to various sources the first traces of futures trading have been found in ancient Greece, medieval Europe, and seventeenth-century Japan. Though futures markets as we know them today emerged from North American commodity trade in the nineteenth century.
by Daisy Luther, The Organic Prepper:
As our banking system implodes all around us, you may be wondering how on earth we can be financially prepared for the future in a world where our national currency is at extreme risk. While it’s easy to say, “Invest in precious metals,” it’s also important to know that PMs, while important, aren’t your first layer of financial preparedness.
In this article, I want to talk about how to layer your financial preparedness to help yourself through the tough days ahead. Keep in mind that you may not be able to delve into every single layer, and that’s absolutely fine – you have to prep for your unique financial situation just the same way you prep for your unique living situation. Being realistic is the key.
by Clint Siegner, Money Metals:
The future of money is uncertain, and speculation about what comes next is all over the place. The Federal Reserve note “dollar” is the world’s reserve currency, but its seat on that throne is no longer secure.
Nations around the world aren’t happy with either the weaponization of the dollar or the fact that the U.S. government prints it without restraint.
The BRICS countries are actively developing an asset-backed currency to compete with the dollar.
They are already cutting trade deals with settlement in rubles or yuan, instead of the greenback.
by Myra P. Saefong, Market Watch:
Zimbabwe is looking to gold to “expand value-preserving instruments,” launching a gold-backed digital currency last week as the nation suffers from hyperinflation and its currency continues to diminish in value.
The move is an “interesting experiment to see if locals will warm up to a more stable currency and trust the nation’s central bank in its endeavors,” Peter Spina, president of GoldSeek.com, told MarketWatch.
The Reserve Bank of Zimbabwe said it was issuing the gold-backed digital tokens in a move to “expand value-preserving instruments” available in the nation’s economy, as well as “enhance the divisibility of the investment instruments and widen their access and usage by the public.”
by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED UP $2/85 TO $2017.60//SILVER WAS UP 13 CENTS TO 424.10//PLATINUM WAS UP $7.00 TO $1068.25/PALLADIUM IS UP $15.00 TO $1833.20//GOOD STUDY ON SUPPLY/DEMAND PARAMETERS FOR PLATINUM AND IS A MUST READ//ALSO EGON VON GREYERZ COMMENTARY ON GOLD AND THE ECONOMY//COVID UPDATES: VACCINE IMPACT//DR PAUL ALEXANDER/SLAY NEWS/EVOL NEWS//UKRAINE VS RUSSIA UPDATES//USA DEPOSITS FROM BANKERS CONTINUE TO OUTFLOW//FED HAS ONLY $88 BILLION LEFT OR ROUGHLY UNTIL MAY 29//TIGER GLOBAL STARTS TO LIQUIDATE ITS HUGE NUMBER OF STARTUPS
by Egon Von Greyerz, Gold Switzerland:
Tectonic shifts lie ahead. These will involve a US and European debt crisis ending in a debt collapse, a precipitous fall of the dollar and the Euro with Gold emerging as a reserve asset but at multiples of the current price.
The next phase of the fall of the West is here and will soon accelerate. It has been both precipitated and aggravated by the absurd sanctions of Russia. These sanctions are hurting Europe badly and affecting the US in a way that they didn’t expect, but was obvious to some of us. The Romans understood that free trade was essential between all the countries that they conquered. But the US administration blocks have both the money and the ability to trade of the countries they don’t like.
by Mike Adams, Natural News:
The bank runs have only just begun. By the end of this year, the cascading collapse of the US banking system will become even more frantic, and the false promises of claiming “everything’s fine” will be overrun by the fearful shouts of the newly panicked masses who foolishly believed government lies yet again.
(Yes, the people oblivious enough to leave their fiat dollars in the banking system are largely the very same people who kept taking covid “vaccine” depopulation booster shots.)
