Saturday, July 20, 2019

London We Have A Problem: Hungary Wants Its Gold Back

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by The Doc, Silver Doctors:

“…storage of gold reserves out of the country is now considered risky by more and more central banks…”

from Zero Hedge

The leadership of the Hungarian National Bank (MNB) has decided to bring back home Hungary’s gold reserves.

UPHEAVAL BEYOND ANYTHING YOU CAN IMAGINE IS COMING — Bill Holter

from SGTreport:
Bill Holter joins me for an economic update, and despite some good news and sunny musings from our President, Holter says there is upheaval coming that is beyond imagination. Holter notes that the annual payments on the national debt have surpassed $500 Billion and will soon eclipse national defense spending. And with the Fed continuing to raise interest rates, President Trump is quite right when he says his biggest threat is the Federal Reserve.

FBI Steals Treasure Hunters’ Civil War Gold Worth Up To $250 Million

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by Mac Slavo, SHTF Plan:

Dennis and Kem Parada have spent years prospecting for a legendary stash of Civil War gold in Dents Run, Pennsylvania.

They aren’t the first to search for the cache. Generations of treasure hunters have tried to find the gold, which is believed to have been lost or stolen around the time of the 1863 Battle of Gettysburg, when the Union Army was attempting to transport it from West Virginia to Philadelphia.

The Paradas spent five years digging in a cave on state land and two more years drilling atop the cave before going to the FBI in January with their evidence.

As Volatility Spikes, Here’s What Could Be Ahead for Gold and Silver- Jeff Clark

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by Jeff Clark, Sprott Money:

The shift from low to high volatility in the markets is on. And almost by default, that’ll include gold and silver, since they’re inversely correlated to stock markets most of the time.

We’ve already seen this at work. The S&P 500 fell 2.2% on April 2, and in response, gold rose 1.2% and silver 1.6%.

It’s more than just a daily phenomenon, though; any prolonged wave of uncertainty that hits the markets will push investors into gold. What’s happening on a small scale now will play out on a much bigger scale when sentiment shifts, especially in regard to our monetary system .

And when gold and silver volatility really ratchet up, it’ll be a lot of fun, as you’re about to see.

First, here’s a snapshot of the daily price movements in gold and silver since the year the last bull market peaked:

21 TRILLION REASONS TO PREPARE

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from SGTreport:

Lior Gantz from Wealth Research Group joins me to discuss the economy, the future of the US Dollar and the 21 trillion reasons we should all be preparing for what comes next.

READY FOR THE HYPER INFLATIONARY GREAT DEPRESSION?

from SGTreport:

The economic slowdown is now global, and far more advanced than we thought. With US national debt poised to surpass $22 Trillion this year, what calamity lurks just around the corner? Lanette Zang believes it may be a hyper inflationary depression from which no holder of fiat will escape.

Jim Rickards: Gold price has been locked to SDRs and global monetary reset is under way

by Chris Powell, Gold Seek:

Dear Friend of GATA and Gold:

GoldCore’s daily blog today reprints analysis by Jim Rickards in his latest Gold Speculator letter arguing that the great “global monetary reset” often speculated about is already underway, as indicated by the recent close correlation between the gold price and the International Monetary Fund’s super-currency, the Special Drawing Right, which began shortly after the IMF made the Chinese yuan a component of the basket of currencies composing the SDR. Since then, Rickards writes, the gold price, ordinarily volatile, has exhibited little volatility as priced in SDRs.

A DEN OF VIPERS

from SGTreport:

The stock market is bouncing back from its worst December in history, is the bottom in – or are the banksters just flexing their muscle by illustrating their ability to crash the markets or raise them at will? Also, as the currency crisis spreads around the world, will precious metals and Bitcoin be the story in 2019? Bob Kudla joins me to discuss.

Silver Purchasing Power

by Gary Christianson, Miles Franklin:

We know:
a) Federal Reserve and U.S. government policies devalue the dollar—down about 98% since 1913.

b) US. government spending is out of control, increases every year, regardless of revenues, and shows no sign of plateauing or declining.

c) Few people encourage balanced budgets and LESS spending. All government agencies, lobbyists, congresspersons, military contractors, and many corporations encourage MORE spending, and by necessity, more debt.

d) Debt based fiat currency units “printed” almost without limit enable deficit spending.

WHAT IF WE EXAMINE PRICES IN TERMS OF SILVER?

BANKERS CALL FOR GLOBAL CURRENCY AS THEY STACK GOLD BARS

from SGT Report:

Greenspan says the US economy is about to fail under the weight of unfunded entitlements, meanwhile central bankers stack gold bars and their minions call for a global currency. Lynette Zang joins me to discuss.

RACING OFF THE CLIFF

from SGTreport:

On Friday gold and silver popped IN TANDEM, the Dollar dropped and mining stocks rocked. The Fed has thrown in the towel and hyperinflation cannot be stopped says Trade Genius founder Bob Kudla who joins me to discuss this and the latest insanity from the liberal lunatic Left.

Are You Ready For The Next Rally In Silver? – Craig Hemke

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by Craig Hemke, Sprott Money:

COMEX silver prices are largely unchanged year-to-date, despite a falling U.S. dollar and historically bullish CoT structure. So today we ask, are you ready for the next rally?

If the title of this post sounds familiar, it should. We posed a similar question regarding gold back in December, and you can review those posts here:

https://www.sprottmoney.com/Blog/another-tradable-…

https://www.sprottmoney.com/Blog/are-you-ready-for

Those forecasts of an early 2018 rally in gold prices turned out quite well, as COMEX gold bottomed near $1,240 on December 12 and then rallied to $1,365 on January 25. That’s almost exactly 10% in about six weeks.

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.