Saturday, February 23, 2019

Here’s One Reason Gold Is Money

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by Peter Schiff, Schiff Gold:

Gold is money. Gold has been money for thousands of years. And one of the reasons gold is money is because it’s immutable.

That’s just a fancy way of saying it can’t be changed or destroyed.

Aristotle listed four characteristics of sound money: it must be durable, portable, divisible, and have intrinsic value. Gold possesses all of these characteristics, which is why gold has served as money for thousands of years.

GLOBAL RESET NEWS: This is WHY Central Banks Are Now HOARDING GOLD

from SGTreport:

Author Ken Schortgen joins me to discuss the coming global monetary reset which, as Ken explains, cannot be avoided. Ken notes that central banks around the world are now buying gold in volumes not seen since 1971, and the reason is likely because massive changes are coming to the global banking system on March 31st.

https://www.youtube.com/watch?v=hux4K0DzBI4

STOP ONLINE CONSPIRACY THEORISTS [Before They Break Democracy]

from SGTreport:

This article from real news source ‘The Guardian’ is priceless, I suggest you read it and consider the ramifications of conflating important subjects like central banking, pedophilia and satanism with aliens and “clandestine lizard overlords”. It’s clear the establishment is in total panic because they are losing the war for minds in the electronic public square. Chris Duane joins me to discuss that and more.

The Magic Palladium Bullet – Craig Hemke (20/02/2019)

by Craig Hemke, Sprott Money:

Over the past few months, we’ve written frequently about palladium and the threat it poses to The Banks’ Fractional Reserve and Digital Derivative Pricing Scheme. As palladium prices are continuing to rise, we thought it best to explain this dynamic again today.

A few years back, my friend Max Keiser coined the phrase “buy silver, crash JP Morgan”. Back then it was hoped that silver could be a “magic bullet”, where physical demand would expose and crash the current fraudulent pricing scheme. And it nearly worked, too, as a massive Commercial short squeeze in 2011 nearly led to a runaway price spike. Only through the direct, official intervention of the CFTC and CME was price reversed and the crisis averted.

The Coming Restoration of Silver

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by Hubert Moolman, Silver Seek:

The way I see it, silver has basically two major categories of use. The first and most important use is as a monetary asset. It is only when used as a monetary asset that it could realize its true (or fair) value.

Currently, it is probably as far away (not time wise though) from being used as a monetary asset, as it has ever been. It is for this reason that silver is so under valued and such a must-buy.

The second is really all other uses that is strictly non-monetary. This is how it is currently (materially) being used. Under this scenario it is just another asset that rises in price when excessive credit (including money printing) is created.

THE BANKERS SUPPLIED MAMMOTH AMOUNT OF PAPER GOLD TRYING TO QUELL GOLD’S ADVANCE

by Harvey Organ, Harvey Organ Blog:

GOLD ADVANCES ANOTHER $3.10 BY COMEX CLOSING TIME TO $1341.85/SILVER ADVANCES 19 CENTS TO $16.20/FOMC: GOLD BULLISH AS THE FED CLOWNS ARE LOOKING TO END ROLL OFFS FROM ITS BALANCE SHEET BY YEAR END//SEEMS THAT MUELLER WILL END HIS WITCH HUNT BY NEXT WEEK/MORE SWAMP STORIES FOR YOU TONIGHT

GOLD: $1344.95 UP $3.10 (COMEX TO COMEX CLOSING)

Silver: $16.20 UP 19 CENTS (COMEX TO COMEX CLOSING)

Nice Action in Gold!

by Mish Shedlock, The Maven:

Gold responded to something today (or perhaps nothing), but the action is technically very bullish, especially monthly.

On a daily basis, gold held the $1280 to $1310 level then jumped higher today by $22.70 to $1344 for no apparent reason.

Regardless, the move was long overdue due to increasing deficits and other related issues including absurd proposals to waste $100 trillion on New Green Deals. Since the latter is years away, at least, I doubt that’s the reason.

Keiser Report: The One Belt, One Road to Superpower (E1347)

from RT:

https://www.youtube.com/watch?v=_5X_42WasvM

February 26th 2019… Q&A with Lynette Zang and Eric Griffin

from ITM Trading:

https://www.youtube.com/watch?v=4UgJdRk_SQQ