Thursday, October 6, 2022

The end of fiat hoving into view…

by Alasdair Macleod, GoldMoney:

Tragic though the situation in Ukraine has become, the real war which started out as financial in character some time ago has now become both financial and about commodities. Putin made a huge mistake invading Ukraine but the West’s reaction by seeking to isolate Russia and its commodity exports from the global marketplace is an even greater one.

Furthermore, with Ukraine being Europe’s breadbasket and a major exporter of fertiliser, this summer will bring acute food shortages, worsened by China having already accumulated the bulk of the world’s grains for its own population. Inflation measured by consumer prices has only just commenced an accelerated rise.

UN: Hundreds Of Thousands Of Children Will Die In 2020 Due To Economic Depression

from Humans Are Free:

Even the most authoritarian of all regimes, the U.N., is warning about the upcoming death toll due to the economic destruction by governments.

The United Nations is saying hundreds of thousands of children are likely to die in the upcoming year because of the economic depression caused by the lockdowns.

Let’s be clear: the pandemic didn’t cause the economy to crash. The tyrannical and draconian commands from governments and people willing to obey those commands crashed the economy.

Stocks and Precious Metals Charts – The Calm Before the Storm

from Jesse’s Café Américain:
“In truth, however, nothing is inevitable and very little is new. And tech is no more the root of the problem than are trade or globalization. Many of our most vaunted innovations are simply methods — electronic or otherwise — of pulling off some age-old profit-maximizing maneuver by new and unregulated means.”

Thomas Frank

“It is my purpose, as one who lived and acted in these days, first to show how easily the tragedy of the Second World War could have been prevented; how the malice of the wicked was reinforced by the weakness of the virtuous.”

The Next Goals for Gold and Silver Prices – Craig Hemke (11/02/2019)

by Craig Hemke, Sprott Money:

With our initial price goals for 2019 having been achieved, COMEX gold and silver are now in their first pullback phase of the year. How long will it last and what are the next upside price targets?

If you’ve been following along every week, then you’ll recall that we were quite adamant regarding a year-end 2018 and Q1 2019 price rally for both gold and silver. From the November lows, we projected a rally in COMEX gold to $1310-1330 and a rally in COMEX silver to $16.35. Both peaked on January 31, with COMEX gold hitting $1331 and COMEX silver reaching $16.20. If you’d like a refresher of what was projected, please see these links:

PERFECTLY POSITIONED TO SKYROCKET — DAVID GAROFALO, CEO GOLD ROYALTY CORP.

David Garofalo the CEO of Gold Royalty Corp returns to SGT Report for this sponsored update about precious metals, hyperinflation fears, China’s ban on crypto and the 5-year trajectory for his company which includes a projected 500% rise in cash flow which David believes is already “locked in”.

https://www.goldroyalty.com/company/
NYSE American: GROY

LOOKS LIKE NETANYAHU IS OUT AS PRIME MINISTER OF ISRAEL TO BE REPLACED BY NAFTALI BENNETT

by Harvey Organ, Harvey Organ Blog:

GOLD UP 10 CENTS TO $1902.75//SILVER UP 10 CENTS TO $28.01 BOTH GOLD AND SILVER ENGAGE IN QUEUE JUMPING: GOLD TONNAGE STANDING UP TO 71 TONNES//SILVER OZ STANDING: 11.825 MILLION OZ//CORONAVIRUS UPDATES//VACCINE UPDATES//CHINA STARTS CURRENCY WARS WITH A RISE IN ITS RRR RATES//LOOKS LIKE NETANYAHU IS OUT AS PRIME MINISTER OF ISRAEL TO BE REPLACED BY NAFTALI BENNETT//SWAMP STORIES FOR YOU TONIGHT

MEN GO MAD IN HERDS, AND RECOVER THEIR SENSES SLOWLY, ONE BY ONE — Keith Neumeyer

from SGTreport:

Keith Neumeyer, CEO of First Majestic Silver and Chairman of First Mining Gold joins me to discuss the state of the precious metals mining industry and the madness of the US stock market.

https://www.youtube.com/watch?v=d7i8n80I7Xg&feature=youtu.be

Will The Gold/Silver Ratio Approach 15:1?

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by Chris Marcus, Miles Franklin:

With the current gold to silver ratio at approximately 79 to 1 (meaning that for an ounce of gold, you could trade it for about 79 ounces of silver), many are wondering if the ratio will revert back to the often-cited 15 or 16:1. Which would mean that silver would appreciate at a faster rate relative to gold.

But where does this number come from, and will the ratio return to a level of 10 or 20 to 1?

Indeed, prior to 1900, the gold-to-silver ratio hovered around 16. This was likely because many countries were using gold- and silver-backed currencies. For instance, France and the United States (among others) assigned statutory limits on what the ratio could be.