Saturday, April 20, 2024

‘The Most Insane Thing Ever’ – Man Finds Huge Hoard Of Civil War Gold On Kentucky Farm

from ZeroHedge:

A Kentucky man has unearthed an astounding cache of Civil War-era gold coins from a cornfield on his farm. Among the hundreds are a type of coin that has sold at auction for more than $100,000 — and there are about eighteen of them.  

While the extraordinarily lucky man’s identity and the location of his property are still under wraps, his find has been certified by the Numismatic Guaranty Company (NGC), which describes itself as “the world’s largest and most trusted third-party grading service for coins, tokens and medals.” The treasure heap has become an instant numismatic legend, christened as “The Great Kentucky Hoard.”

Mission Accomplished?

by Ted Butler, Silver Seek:

A set of readily-verifiable facts have combined to point to a stunning conclusion, namely, that thanks largely to enough people doing the right thing, that the federal commodities regulator, the Commodity Futures Trading Commission, may have also finally done the right thing when it comes to the decades-old COMEX silver price manipulation. If my assessment is correct, the most logical conclusion is that we may be at the end of the long-running manipulation and set to rocket higher in silver prices. Let me present the facts and leave it to you to decide for yourself.

Record Silver Demand in 2022 and Other Silver News

by Peter Schiff, Schiff Gold:

All major categories of silver demand charted highs in 2022, contributing to a new total global silver demand record of 1.242 billion ounces.

This is one of several silver-related stories in the latest edition of Silver News published by the Silver Institute.

Industrial demand was up 5% last year to 556.5 million ounces, driven by rapidly increasing use in the green technology sector. Industrial offtake makes up nearly half of all silver demand.

Silver and the Popping of the Debt Bubble

by Hubert Moolman, Survival Blog:

We have now moved into an era of rising interest rates that is similar to a period that started in the early 1940s.

At the start of this period, the Government Debt to GDP ratio was also around 120%, close to where it eventually topped/popped.

Despite high relative debt levels and a rising interest rate environment, the US was in a good position due to the US dollar being the premier world currency as a result of the 1944 Bretton Woods agreement.

Great King’s Days Are Numbered

by Jim Rickards, Daily Reckoning:

As I’ve been warning my readers, the most significant development in international finance since 1971 will be unveiled just over one month from today.

A new BRICS gold-linked currency will be announced on Aug. 22 at the BRICS Leader’s Summit conference in Durban, South Africa (the BRICS are Brazil, Russia, India, China and South Africa).

The fact is the global desire to move away from the dollar as a medium of exchange for international trade in goods and services has gone from a discussion point to a novelty to a looming reality in a remarkably short period of time.

Hillary Emails Reveal NATO Killed Gaddafi to Stop Libyan Creation of Gold-Backed Currency

by Dave Hodges, The Common Sense Show:

While France led the proponents of the UN Security Council Resolution that would create a no-fly zone in Libya, it claimed that its primary concern was the protection of Libyan civilians (considering the current state of affairs alone, one must rethink the authenticity of this concern). As many “conspiracy theorists” will claim, one of the real reasons to go to Libya was Gaddafi’s planned gold dinar.

One of the 3,000 Hillary Clinton emails released by the State Department on New Year’s Eve (where real news is sent to die quietly) has revealed evidence that NATO’s plot to overthrow Gaddafi was fueled by first their desire to quash the gold-backed African currency, and second the Libyan oil reserves.

ANOTHER NFL FOOTBALL PLAYER COLLAPSES ON THE FIELD AND THAT SUSPENDS THE PRE-SEASON GAME

by Harvey Organ, Harvey Organ Blog:

BRICS MEETING STARTS TOMORROW//GOLD PRICE UP $7.15 TO $1894.30 WHILE SILVER WAS UP 59 CENTS TO $23.28//PLATINUM WAS UP $2.20 TO 914.60//PALLDIUM WAS DOWN $14.25//INTERESTING VIEWS: PETER SCHIFF AND CHRIS POWELL //ANOTHER NFL FOOTBALL PLAYER COLLAPSES ON THE FIELD AND THAT SUSPENDS THE PRE-SEASON GAME//OTHER COVID AND VACCINE UPDATES//SLAY NEWS/EVOL NEWS/NEWS ADDICTS//CHINA’S REAL ESTATE WOES WORSE THAN THOUGHT//UKRAINE VS RUSSIA UPDATES//UPDATES ON THE MAUI FIRE

COMEX Silver and the GDX | Gold and Silver Price Analysis

by Craig Hemke, Sprott Money:

The price of gold is up over $100 year-to-date and yet precious metal enthusiasts are suffering through some of the worst sentiment and depression on record. Why? It’s hard to say, but the performance of the mining shares thus far in 2023 has a lot to do with it.

Let’s start with the gold price. As I type this on June 20, COMEX gold is up $118 on the year or about 6.5%. This is right in line and moving toward the annual average gain since the new century began, as you can see below in this chart from Ronnie Stoeferle and his team at Incrementum.

COMEX Gold JOLTed Again

by Craig Hemke, Sprott Money:

Last month, we wrote about how employment is usually the ultimate lagging indicator of recession, and when the JOLTS jobs report was issued on April 4, the slowdown in hiring “jolted” gold prices higher. The latest report is having the same impact.

As we often do in these weekly columns, let’s begin this one with a reference to that last time we covered this topic. Here’s a link to the article of four weeks ago along with a snippet of the first three paragraphs:

Who Has the Gold?

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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.

Gold Contracts for Immediate Delivery Explode Higher

by Peter Schiff, Schiff Gold:

In 5 days, the COMEX has seen 4,190 contracts open and stand for immediate delivery. This is the strongest start to a month going back at least 2 years, which includes the start of the war in Ukraine and the February 2021 Reddit silver squeeze.

In the latest Comex update, I mentioned that:

Gold has started a bit slow. This shouldn’t be a surprise though as the game in gold continues to be net new contracts.

As the chart below shows, total delivery volume remains a bit below the trend. However, the delivery month just got started.

RAFI FARBER: HERE’S WHERE ALL THAT JP MORGAN SILVER WENT

from Arcadia Economics:

TRUTH LIVES on at https://sgtreport.tv/

TROUBLE IN PAKISTAN AS OPPOSITION LEADER KHAN ARRESTED AND THAT COULD LEAD TO CIVIL WAR IN THAT COUNTRY

by Harvey Organ, Harvey Organ Blog:

ALL PRECIOUS METALS HAVE A GREAT DAY TODAY: GOLD CLOSED UP $9.70 TO $2035.50, SILVER WAS UP 7 CENTS TO $25.64 AFTER BEING DOWN ALL DAY//PLATINUM WAS UP $29.00 TO $1108.25//PALLADIUM WAS UP $14.70 TO $1570.20//COVID UPDATES//DR PAUL ALEXANDER//VACCINE IMPACT//SLAY NEWS//VACCINE DEATHS AMONG YOUNG CHILDREN//DEBT CEILING MEETING IS TODAY BETWEEN BIDEN AND MCCARTHY//CRE CONTAGION SPREADS TO SWEDEN WITH ITS LARGEST REAL ESTATE CONGLOMERATE SHREDDED TO PIECES AS ITS BONDS GO TO JUNK AND ITS DIVIDEND SUSPENDED//BIDEN AGAIN DELAYS FILLING UP HIS SPR//TROUBLE IN PAKISTAN AS OPPOSITION LEADER KHAN ARRESTED AND THAT COULD LEAD TO CIVIL WAR IN THAT COUNTRY

Deflation/Inflation/Bust with Michael Pento

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.