Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The marine treasure includes hundreds of silver and bronze Roman coins from the mid-third century CE and a large hoard of silver coins from the Mamluk period (fourteenth century; about 560 coins, including a large amount of smaller ribbon cut like pieces)
(Gold headed for its fourth straight weekly gain as traders weighed further signs of easing inflationary pressures and hawkish remarks by Federal Reserve officials.
Gold and gold miners have two completely different utilities. Gold is… Gold is not…
This week’s chart shows the total combined assets held by GLD and IAU, which are the two largest ETFs that are backed by gold bullion. Normally these asset levels move up and down in step with gold prices. It gets much more interesting when there is a disagreement, like what we are seeing now.
The only hope left for America is to abandon its paranoid hatred, competitiveness against the outside world and indoctrinated beliefs of a God given right to rule it and find its place in the world community before it implodes. Or in a nuclear age, explodes. Historically, neither US polarized political extreme ever succeeds and remains the graveyard of empires.
Aug 12, 2022 - 12:39:34 PDT
Despite the fact that no one asked, the World Economic Forum is now advocating for the merger of human and artificial intelligence systems to censor “hate speech” and “misinformation” online before it is even allowed to be posted.
The regular Military Industrial Banking (MIB) lies of gold have become even more ridiculous than usual, especially those forwarded by the mass media. BTC maximalists have always deemed gold “worthless” , and thus BTC maximalists have always failed to understand the central role of sovereign gold reserves in all economic and military wars, In any war provoked and started by the MIB complex, they have always looted gold, when substantial amounts existed to be looted, because of their vulnerable state as a consequence of war.
Aug 12, 2022 - 12:20:43 PDT
The central bank is gradually diversifying reserves away from US dollar
Sky-rocketing inflation saw people rushing to cash in their Zimbabwean dollars for US dollars, to stop their savings losing value. This led to a shortage of US currency and drove up exchange rates, so the central bank reacted by halting loans. But it soon changed tack, and last month issued gold coins worth US$1,800 instead, to ease demand for US dollars.
It sure is looking like the public pension ponzi is going to be even harder to sustain than over the last few years... That's because data released by Wilshire Trust Universe Comparison Service this week showed that public pension funds fell a median 7.9% for the year ended June 30. It marks their "worst annual performance since 2009," according to reporting by the Wall Street Journal.
Aug 12, 2022 - 10:19:23 PDT
A live panel discussion with Jim Rickards and special guest, Fed Insider Danielle DiMartino Booth
Events may show that there are no winners, only survivors and those who failed to adapt and slid into the dustbin of history.
Long term returns could be lower in the future than what was experienced over the last decade and it isn't just a valuation problem.
The central bank created major distortions in a market where many Americans have most of their wealth. Why?
Higher prices already cost Americans $8,607 over past year. The average American is shelling out an extra $717 a month because of the hottest inflation in decades, according to a new analysis from the Joint Economic Committee Republicans.
Aug 12, 2022 - 08:33:18 PDT
Some of the categories that hit everyday Americans hard in the pocketbook have soared, with the price of groceries jumping to its highest level since 1979.
UMich Sentiment Jumps But Long-Term Inflation Expectations Unexpectedly RiseAug 12, 2022 - 08:10:07 PDT
While optimism may have improved, buying conditions did not and as the chart below shows, buying conditions for most major purchases - house, car, large durables - remain mired at or near all time lows as inflation continues to crippled consumers' shopping mood:
Rising energy bills have forced companies to scale back industrial operations, threatening a greater drag on the economy. As of May, electrical energy costs are up 24.4 percent from a year ago. Producer Price Index (PPI) data suggests things are getting worse.
The overall duration of power interruptions in the U.S. more than doubled between 2015 and 2020.
The White House has set aside a $700 billion package that will address inflation by lowering energy and health care costs for families and by helping to bring down the deficit?