Friday, March 29, 2024

Ongoing U.S. Mint Failures Bring Discredit to America, Raise Costs

by Clint Siegner, Money Metals:

We are one third of the way through 2023, and it has certainly been interesting in the bullion markets thus far.

The year opened with supply and demand for coins, rounds, and bars pretty well balanced. Demand surged when the failure of Silicon Valley Bank awakened investors to the possibility of systemic problems among smaller and regional banks.

In the background, gold and silver prices have been drifting higher.

For the moment, retail bullion demand has eased, and the markets seem to be taking a breather.

Gold And Silver Prices: Anticipating Another Price Rise in 2023

by Dave Kranzler, Investment Research Dynamics:

I wrote the following commentary for Kinesis Money – you can read the source article here:  Kinesis Money Blog

I argue that a new bull cycle for the precious metals sector began in late October 2022 – when it appears that gold and silver had bottomed and turned higher, after a downtrend since August 2020.

I believe that the precious metals sector will soon begin a cyclical, sustained move higher that will see gold surpass $2,000 and silver trade up to $30, for starters.

Silver Is Significantly Underpriced Given the Looming Supply Shortage

by Michael Maharrey, Schiff Gold:

Given the current macroeconomic environment and the supply and demand dynamics, silver is significantly undervalued at $24 to $25 an ounce.

The bullish case for silver in the mainstream typically revolves around price inflation. There are certainly reasons to think inflation is stickier than the powers that be want to admit and that the Federal Reserve isn’t going to be able to win the inflation fight. That is bullish for both silver and gold.

But I don’t hear a lot of people in the mainstream talking about the looming supply shortage in the silver market.

Waiting for BRICS…

by Alasdair Macleod, Schiff Gold:

The sell-off in precious metals which started in late July continued this week, but its momentum slowed with silver even showing a modest gain on the week so far. In early European trading, gold was $1892, having traded down to $1885 yesterday, for a net fall of $19 on the week. Silver was $22.78 having traded down to $22.30 on Tuesday but is up just 10 cents from last Friday’s close. On Comex, turnover in the gold contract was subdued, but in silver it was moderate to healthy.

FINANCIAL WARNING! DOLLAR FREE FALL IS HERE..HOW DO WE PREPARE?

from Chembuster:

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

Halftime 2023

by Craig Hemke, Sprott Money:

We’re not quite through the first half of 2023, but just for fun, let’s take a stab at what we might expect to occur in the second half, at least as it pertains to gold and silver prices.

It’s early June, and the next FOMC meeting is one week away. Will the Fed hike the fed funds rate another 25 basis points or will they pause and take time to assess the economic damage that has already been done? We can’t know the answer to that question, but whether they do or whether they don’t, the forecast for the remainder of 2023 will remain the same.

Gold Backs: The New Gold Currency with Jeremy Cordon

by Kerry Lutz, Financial Survival Network:

Kerry Lutz and Jeremy Cordon discussed Gold Backs, a form of commodity money that is split into a thousand pieces and wrapped in a protective layer to make it nearly impossible to counterfeit. Nearly half of all small businesses approached are interested in accepting Gold Backs. Since 2019, they have become the most successful local currency in American history. They are worth four dollars each and have a 5% spread on them, tighter than silver.

Holding Gold Is Like Holding a Wildcard

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.

Bill Holter – We Are Going To Experience Two Resets, In The End, Gold Destroys The Fed

from X22 Report:

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

The Process Explains the Price

by Ted Butler, Silver Seek:

Generally, for everything that has a price, the price is often the most important feature. Certainly, this is true in financial assets and commodities of all types, including stocks, bonds, real estate, raw and finished materials, as well as transportation, labor and just about everything under the sun (including solar power). As different as all these things may be and no matter how complicated the process of determining the price of all things may be, it is the process that determines the price.

BRICS Nations To DESTROY U.S. Dollar: Gold Backed BRICS Currency To SHATTER Global Order

from Stew Peters Network:

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

FOOLISH GERMANY PASSES A NEW GREEN ENERGY BILL TO COST IN THE TRILLIONS

by Harvey Organ, Harvey Organ Blog:

GOLD PRICE CLOSED DOWN $11.30 TO $1912.40//SILVER CLOSED UP ONE CENT TO $23.11//PLATINUM CLOSED UP $10.45 TO $912.50//PALLADIUM CLOSED UP $24.65 TO $1241,75//IMPORTANT GOLD COMMENTARY/PODCAST TODAY FROM PETER SCHIFF//FOOLISH GERMANY PASSES A NEW GREEN ENERGY BILL TO COST IN THE TRILLIONS//ISRAEL SOUNDS ALARM BELL ON POTENTIAL RUSSIAN ARMS SELLING TO IRAN//COVID UPDATES//VACCINE UPDATES//DR PAUL ALEXANDER//SLAY NEWS//NEWS ADDICTS/EVOL NEWS//USA NEWS: THE HOUSE TO HOLD IMPEACHMENT INQUIRY//STILL NO AGREEMENT ON UAW VS CAR INDUSTRY//CRE STILL IN BIG TROUBLE IN THE USA ALONG WITH THE BANKS