Wednesday, February 24, 2021

Tag: Precious metals

Precious Metals, Mining Stocks, Housing Market – What’s Next?


by Dave Kranzler, Investment Research Dynamics:

“The housing market is 100% a function of the Fed’s money printing.  Half the money the Fed printed, $2.2 trillion, went directly into the housing market.”

Analysts and financial media meatheads look at the $4.5 trillion created by the Fed and truly believe that it wasn’t money printing because it’s “backed” by Treasury bonds and mortgages.  But this is pure ignorance.  Not taken into consideration is the amount of credit and debt issuance enabled by using the $4.5 trillion as the “reserve capital.”  It’s fractional banking on steroids.

A Perfect Storm for Silver – Steve St Angelo


from Silver Fortune:

An interview with Steve St. Angelo of the SRS Rocco Report. This includes discussion about precious metals, the energy sector, and a potentially groundbreaking project that Steve is working on.

Check out his website:

Commodity Ad Network:

How silver became Scotland’s precious metal of choice


by Alice Blackwell, BBC:

Silver – not gold – was the most powerful material in the formative history of Scotland in the first millennium AD, yet none was mined here. How did silver become Scotland’s precious metal of choice?

Scotland’s earliest silver arrived via the Roman army, in the form of coins. This was the pay packet as far as the Roman soldiers were concerned.

Local tribes, who received gifts of silver coins, were less interested in the currency value – they couldn’t spend them outside the Roman Empire.

But to them this new material was a symbol of status and Roman favour.


By the late 3rd Century AD, we see a new phenomenon – ‘hacksilver’.

Research undertaken for the National Museum of Scotland’s new exhibition – Scotland’s Early Silver – and some of the new finds we’ll be showing, have led to significant changes in our understanding of the practice.

As the name suggests, we’re talking about silver which has been hacked up – vessels, tableware and other objects.

Previous finds, such as the spectacular hoard unearthed in 1919 at Traprain Law in East Lothian, were originally taken as showing that this was something that ‘barbarians’ did to their ‘loot’.

But, in fact, the initial hacking of silver was done within the Roman Empire.

Silver objects were turned into bullion – fragments carefully cut to standard Roman weight measures and then often folded into handy packages.

Hacksilver was used by the Romans in what we might now understand as a form of frontier diplomacy, whether gifts or bribes to quell a troublesome tribe or even set them against their neighbour.

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‘Secret Monetary Policy’: Who Manipulates Gold Prices and Why

from Sputnik News:

While major international events, like nuclear tests carried out by North Korea, affect gold prices and result in a situation when investors prefer to invest their money in the noble metal, economic expert Dimitri Speck believes that there are other, more important factors that play a crucial role in influencing the global financial market.

Gold prices have been subject to constant manipulations since 1993, German expert on the gold market Dimitri Speck told Sputnik Germany.

According to him, the manipulation of gold prices has been presented by the media as if it has been initiated by a couple of malicious traders just recently, but this idea is wrong.

“When the gold price manipulation started on August 5, 1993, these were central banks that initiated the process, and namely the then head of the US Central Bank Alan Greenspan. He did not want to let the gold price rise over $400,” Speck said, adding that Greenspan feared that a significant increase in gold prices might affect the “inflation thermometer.”

The expert noted that the US Fed had arranged an agreement among the central banks to keep the gold price below $400 dollars. This was done for several years by means of sales and loans.

Drivers of Gold Price Manipulation

Central banks, which often belong to the state, do not act alone, but work closely with private banking and financial institutions, Speck continued.

“With the help of price shocks, they [the institutions] shortly knock the prices down to drive other buyers out of the market. The state is the first to get benefit from all this, and this primarily concerns the United States. Well, and the dollar. These are the main beneficiaries of the gold price manipulation. Because the US dollar, as the main world currency, looks good in this case,” the analyst noted.

Explaining how the manipulation process actually takes place, Speck noted that this happens “very simply,” namely by “damaging other competitors.” 
In this case, gold is the main rival to currencies based on loans, such as the US dollar and the euro.

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