buy silver now The Coming Financial Sentinel Event

[TexasGranny]

This thread is in Gold & Precious Metals - please do not try to bring subjects from other forums here to hi-jack this thread or I will be forced to not only hide the post but to place the poster on mod review.

 

 

[MyLadiesDaddy]

52 minutes ago, coorslite21 said:

 

Looking to hijack a great thread?.....go back to the political thread....!   CL

His goal is, and always has been, to fool the masses into towing the party line. " Wear the China Muzzle, get the vaccine and carry your papers with you or die, follow the unholy pastors of the LAME STREAM media and don't think for yourself". Any attempts at doing anything not permitted by "THE PARTY" Will be dealt with severely. 

 

The sad part is his Satanic leaders will lead Billions of sheep to their slaughter before all is said and done. But in the end those Satanic leaders and their followers will all burn in HADES.  

 

What a pity that men refuse to accept Jesus Christ and follow the Holy Spirit. 

 

This Precious metals squeeze will certainly DESTROY the current Satanic leftists and leave the door WIDE OPEN for the rise of a World Leader the likes of which has never been seen before. Those who have prepared for what is next may have a chance at survival. Only REAL MONEY will help you when everyone must bare his mark. 

 

Shabbs doesn't even know why he wants to derail this thread. But the powers that control know well that Silver and Gold are their enemies. So derail he must try. 

 

For those following the events of late concerning Silver and Gold, we know that this Financial Sentinel Event is no longer coming, IT'S HERE!

[Shabibilicious]

1 hour ago, ladyGrace'sDaddy said:

His goal is, and always has been, to fool the masses into towing the party line. " Wear the China Muzzle, get the vaccine and carry your papers with you or die, follow the unholy pastors of the LAME STREAM media and don't think for yourself". Any attempts at doing anything not permitted by "THE PARTY" Will be dealt with severely. 

 

The sad part is his Satanic leaders will lead Billions of sheep to their slaughter before all is said and done. But in the end those Satanic leaders and their followers will all burn in HADES.  

 

What a pity that men refuse to accept Jesus Christ and follow the Holy Spirit. 

 

This Precious metals squeeze will certainly DESTROY the current Satanic leftists and leave the door WIDE OPEN for the rise of a World Leader the likes of which has never been seen before. Those who have prepared for what is next may have a chance at survival. Only REAL MONEY will help you when everyone must bare his mark. 

 

Shabbs doesn't even know why he wants to derail this thread. But the powers that control know well that Silver and Gold are their enemies. So derail he must try. 

 

For those following the events of late concerning Silver and Gold, we know that this Financial Sentinel Event is no longer coming, IT'S HERE!

 

Please don't name drop me again in a thread I had nothing to do with....Thank you in advance. 

 

To the subject of the the thread.....I do own silver and am always on the hunt for more.  

 

GO RV, then BV

[MyLadiesDaddy]

3 hours ago, Shabibilicious said:

 

Please don't name drop me again in a thread I had nothing to do with....Thank you in advance. 

 

To the subject of the the thread.....I do own silver and am always on the hunt for more.  

 

GO RV, then BV

You're my Brother, I like dropping your name. Makes me feel importantee. 

[Shabibilicious]

26 minutes ago, ladyGrace'sDaddy said:

You're my Brother, I like dropping your name. Makes me feel importantee. 

 

TG says to stay on topic.

 

GO RV, then BV

[MyLadiesDaddy]

5 hours ago, Shabibilicious said:

 

TG says to stay on topic.

 

GO RV, then BV

I love you Brother,  that's ALWAYS the topic. 

[MyLadiesDaddy]

Today the Dollar to Silver ratio is $5132.

 

 

[MyLadiesDaddy]

 

 

 

[MyLadiesDaddy]

 

 

[MyLadiesDaddy]

23 hours ago, TexasGranny said:

This thread is in Gold & Precious Metals - please do not try to bring subjects from other forums here to hi-jack this thread or I will be forced to not only hide the post but to place the poster on mod review.

 

 

Granny I love you dearly and would never go against your will. 

I made my post after your post not realizing you posted. I love this thread and really want it to stay on track also because I STRONGLY believe it can help people. 

Again, thank you and as always God Bless you. 

[MyLadiesDaddy]

[md11fr8dawg]

I believe that's an illusion LGD!!!

[MyLadiesDaddy]

Watch "Are My Allocated Metals Safe? David Morgan" on YouTube

 

[MyLadiesDaddy]

When you know what market indicators to observe you begin to understand that something is TRAGICALLY wrong with our economy. As I observe thousands of people each day I sense that everyone knows in their spirit that something is wrong.  Everyone seems more on edge than normal. 

 

Personally I don't know if there's any time left to purchase more precious metals. Because what I'm seeing in the market indicators suggests that this is already over and the government doesn't want anyone to figure that out. HENCE, the 2 new Trillion dollar bailouts that Biden just announced last night. 

 

Problem is, that is only going to exasperate the situation more. Everyone knows that these actions are unsustainable and worse everyone understands instinctively what happens when you hyper inflate the currency. 

 

My greatest fear is what will happen when everyone stops pretending that this isn't happening and SUDDENLY begins running for the door. What will the government do? How will they attempt to control the masses that are out of control with fear about feeding their families? And how will the people respond to that control? 

 

Wake up people PLEASE. At this point in time buy extra food and necessities. And if you have anything left over, buy Silver. 

 

For years I've been telling everyone about the Hundredth Monkey Syndrome where when enough people begin to understand something then everyone else will automatically get it. 

 

That small pain in your gut causing you tension is the result of the Hundredth Monkey Syndrome. And when it reaches the climax the results will be utter chaos. 

[MyLadiesDaddy]

As I've been studying all this for more than a year now, I find myself wondering what the most likely outcome will be. The sinister people running things want to initiate their Great Reset complete with mandatory Fed Bank accounts and monthly guaranteed income. Of course like a good parent you either tow the party line or they will take your money. Their wanting to get everyone on a digital currency which will give them the ability to create all the money they need without restrictions. 

 

However, there's now a discernable and documentable movement of dollars into other stores of wealth. For example, Cryptos and precious metals. At this time The Crypto market cap is well over 1.9 Trillion and precious metals are selling at all time record highs. This could well collapse the entire world financial markets. 

 

But what if that is exactly what the sinister powers that be want us to do thus giving them the excuse they need to lead the sheeple into their Great Reset?

 

This video seems to me the most likely outcome of this Sentinel Financial Event. 

 

Watch "$175 Silver Then Reset To $5,126" on YouTube

 

[md11fr8dawg]

Keep bringing those xmas nuggets Santa, much appreciated!!

[MyLadiesDaddy]

Inflation Fears Rise on Biden’s $3.9 Trillion in Deficit Spending

 Interview with: Mike Gleason

 

 April 2nd, 2021

 

 

Congressman Mooney Reintroduces Bill to End Taxes on Gold & Silver

---

Don't want to listen? Read the podcast below!

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.

Gold and silver markets sprung higher on Thursday as April and second quarter trading kicked off. After suffering losses in the first quarter, precious metals may now be due for a spring rally.

Despite gaining ground yesterday, gold finished the holiday-shortened trading week down fractionally overall at $1,738 an ounce. Silver, meanwhile, gave up just 8 cents on the week to close at $25.16 per ounce.

Mining stocks outperformed, which is usually a bullish sign for the metals. Shares of major gold streaming company Franco-Nevada broke out to a 3-month high. Perhaps the mining stock indexes will soon follow suit, along with gold and silver prices.

Turning to platinum, the market gained 2.2% this week to trade at $1,228. And finally, palladium fell a slight 0.2% to come in at $2,714 an ounce.

The U.S. Dollar Index was up slightly this week. Regardless of how the dollar fares against other fiat currencies, investors can expect massive depreciation ahead in real terms. There is no end in sight to the inflationary cycle of spending, borrowing, and printing in Washington.

This week President Joe Biden promoted a so-called infrastructure package that comes in at more than $2 trillion.

Much of the proposed spending has nothing to do with paving roads, building bridges, or expanding ports. These sorts of transportation upgrades are slated to only get $115 billion. Meanwhile, Biden would spend $174 billion on electric vehicle subsidies and hundreds of billions more on various “green” and racial leveling programs.

The bulk of the proposed spending appears to be very much inspired by the World Economic Forum’s Build Back Better agenda – also known as the Great Reset.

Of course, the Federal Reserve will be expected to play its part. Even though the Biden administration and Democrats in Congress are talking about raising revenues through tax hikes on corporations and investors, they will keep spending regardless of tax receipts. They will issue more debt, and the Fed will print more currency to cover it.

Although the news out of Washington is pretty grim these days from the standpoint of sound money, precious metals investors do have a few allies in the halls of Congress.

On Tuesday, Representative Alex Mooney re-introduced legislation that would remove all federal income taxation from gold and silver coins and bullion.

Mooney’s Monetary Metals Tax Neutrality Act is backed by the Sound Money Defense League. It would clarify that the sale or exchange of precious metals bullion and coins are not to be included in capital gains, losses, or any other type of federal income calculation.

Acting unilaterally, Internal Revenue Service bureaucrats have placed gold and silver in the same “collectibles” category as artwork, Beanie Babies, and baseball cards. This classification subjects the monetary metals to a discriminatory long-term capital gains tax rate of 28%.

Sound money activists have long pointed out it is inappropriate to apply any federal income tax, regardless of the rate, against the only kind of money named in the U.S. Constitution.

Furthermore, the U.S. Mint continuously mints coins of gold, silver, platinum, and palladium and gives each of these coins a legal tender value denominated in U.S. dollars. This formal status as U.S. money further underscores the peculiarity of the IRS’s tax treatment.

Under current IRS policy, a taxpayer who sells his precious metals may end up with a capital “gain” in terms of Federal Reserve Notes and must pay federal income taxes on this “gain.”

But the capital “gain” is not necessarily a real gain. It is often a nominal gain that simply results from the inflation created by the Federal Reserve and the attendant decline in the Federal Reserve Note dollar’s purchasing power.

The Monetary Metals Tax Neutrality Act would protect precious metals holders from income taxes on nominal gains when they sell.

Unfortunately, the current leadership in Congress is more interested in bills that would extract additional revenue from taxpayers. House Speaker Nancy Pelosi is unlikely to take up any sound money legislation.

But other members of Congress can be persuaded to join the fight for fairer tax treatment of precious metals and help build longer-term political momentum.

The recent surge in demand for bullion reflects growing numbers of people across the country becoming precious metals investors. Mints remain backed up and supplies of popular products remain scarce amid the buying pressure.

We have also seen a huge increase in internet activism focused specifically on silver. The Wall Street Silver Reddit forum promotes physical silver buying through clever online memes and real-world campaigns aimed at squeezing the big institutional paper market short sellers.

The “silver squeeze” movement could translate not only into much higher silver prices but a much higher profile for sound money issues.

In the meantime, those concerned about their bullion holdings being taxed should remember that income taxes only apply upon sales. Long-term holders don’t have to worry about filing annual tax paperwork like they do with interest-bearing bank accounts or bonds.

Physical precious metals can also be held within an Individual Retirement Account, providing tax sheltering on any transactions executed within the IRA.

It can be a great tool for protecting against the twin threats of inflation and taxation. And unlike with ETFs that track the paper market prices of metals and must be sold for cash, you can withdraw your bullion and take direct physical possession of it under normal IRA distribution rules.

More information on setting up a Self-Directed Precious Metals IRA can be found on our website at MoneyMetals.com or by calling one of our Specialists at 1-800-800-1865.

In other developments, you may have noticed the financial narrative in recent weeks has increasingly included concerns about inflation. This inflationary scare comes at a time when the government is unleashing massive stimulus measures to bailout states, businesses, and consumers – all in the name of combatting the pandemic.

We’ve already seen a $1.9 trillion helicopter money drop this year, and the Biden administration appears just to be getting started.

The latest reading of government’s CPI (Consumer Price Index) continues to suggest that inflation so far remains low. Even if we do experience high inflation, government officials continue to assure, it will be transitory. Despite these weak guarantees, financial establishment luminaries are starting to sound the alarm.

Even Former Treasury Secretary Lawrence Summers along with former IMF Chief Economist Olivier Blanchard recently voiced concerns over President Joe Biden’s $1.9 trillion stimulus plan, suggesting that so much new largess on top of all last year’s large stimulus packages could cause the economy to “overheat.”

Inflation is a tax on savers, wage earners, and those without sound money or hard assets, so while the exact definition of “overheat” remains under debate, it seems clear that a sudden rise in price pressures could cause the Fed to lift rates rapidly, potentially causing job losses and other issues as the economy slows.

Such a scenario could lead to a period of higher inflation, or even 1970s-style stagflation.

Considering more than 25% of all U.S. Dollars ever printed have been printed in the last year, would anyone be surprised?

The ongoing threat of inflation – and actual inflation – will lead to more buying of gold, silver, and other hard assets. Especially since Fed chief Jerome Powell has said that the central bank would be happy to allow inflation to run hot for a while before taking any action.

This means that the central bankers will not hike interest rates or roll back bond purchases to slow things down. And when government-reported inflation rises well above 2%, while interest rates remain at lower levels, the resulting negative real interest rates will underpin gold prices.

The gold and silver markets may very well have entered a win/win scenario.

The market has already been buoyed by ultra-low interest rates, quantitative easing, and the threat of rising price pressures.

And even if the Fed ultimately hikes rates, if history is any guide, central bankers will be behind the curve – and gold and silver will benefit from real interest rates that continue to remain in negative territory.

That’s why precious metals may well rise in price regardless of what the Fed does or does not do in the years ahead.

Well, that will do it for this week. Be sure to check back next Friday for our next Weekly Market Wrap Podcast. Until then this has been Mike Gleason with Money Metals Exchange, thanks for listening and have a great Easter weekend everybody.

[MyLadiesDaddy]

 

[MyLadiesDaddy]

 Dollar's Status As Dominant "Global Reserve Currency" Drops To 25-Year Low

BY TYLER DURDEN

THURSDAY, APR 01, 2021 - 05:55 PM

Authored by Wolf Richter via WolfStreet.com,

Central banks getting nervous about the Fed’s drunken Money Printing and the US Government’s gigantic debt? But still leery of the Chinese renminbi...

The global share of US-dollar-denominated exchange reserves dropped to 59.0% in the fourth quarter, according to the IMF’s COFER data released today. This matched the 25-year low of 1995. These foreign exchange reserves are Treasury securities, US corporate bonds, US mortgage-backed securities, US Commercial Mortgage Backed Securities, etc. held by foreign central banks.

 

Not included in global foreign exchange reserves are the Fed’s own holdings of dollar-denominated assets, its $4.9 trillion in Treasury securities and $2.2 trillion in mortgage-backed securities, that it amassed as part of its QE.

The US dollar’s status as the dominant global reserve currency is a crucial enabler for the US government to keep ballooning its public debt, and for Corporate America’s relentless efforts to create the vast trade deficits by offshoring production to cheap countries, most prominently China and Mexico. They’re all counting on the willingness of other central banks to hold large amounts of dollar-denominated debt.

But it seems, central banks have been getting just a tad nervous and want to diversify their holdings – but ever so slowly, and not all of a sudden, given the magnitude of this thing, which, if mishandled, could blow over everyone’s house of cards.

20 years of decline.

Two decades ago, when the dollar had a share of about 70% of reserve currencies, a presumed competitor became day-to-day reality: The euro, which combined the currencies of the member states into one currency, thereby combining their weight as reserve currency. Since then, the dollar’s share has dropped by 11 percentage points.

By contrast, between 1977 and 1991, the dollars share had dropped by 46 percentage points – with huge plunges in 1979 and 1980 possibly linked to US inflation which was threatening to spiral out of control, peaking at nearly 15% in 1980. The plunge bottomed out in 1991, with inflation more or less under control. And the dollar’s share then surged by 25 percentage points until 2000:

The other reserve currencies.

The euro’s share had since been in the range between 19.5% and 20.6%, but it Q4 it broke out of the range and rose to 21.4%, the highest in the data. The ECB’s holdings of euro-denominated assets that it acquired as part of its QE are not included in the euro-denominated foreign exchange reserves.

The rest of the reserve currencies are also-rans – the spaghetti at the bottom in the chart below. This includes the Chinese renminbi, the bold red line at the bottom:

Renminbi a threat to the dollar’s hegemony? Not yet.

The renminbi’s share is still only 2.25%, despite the magnitude and global influence of China’s economy, and despite the hype when the IMF elevated the renminbi to an official global reserve currency in October 2016 by including it in the basket of currencies that back the Special Drawing Rights (SDRs).

But the renminbi’s share has been creeping up ever so slowly. At the rate it has been gaining momentum over the past two years (+0.36 percentage points in two years), it would take the renminbi another 50 years or so to reach a share of 25%.

Clearly, other central banks are still leery of the renminbi and its implications, and are not eager to dump their dollars all at once in exchange for renminbi; easy does it.

Also-rans under the microscope: Rise of the yen.

To see what’s going on with the spaghetti at the bottom of the above chart, I magnified the scale and limited it to the range of 0% to 6%. This takes the dollar and the euro out of the picture, and allows for a detailed look of the other reserve currencies.

What sticks out is the surge of the yen, the third largest reserve currency. This includes a 2.0-percentage point gain since Q4 2016, which blew away the 1.15-percentage point gain over the same period by the renminbi. With regards to the yen, the renminbi is losing ground.

Despite Brexit and all the scary hoopla around it, the pound sterling (GBP), the fourth largest reserve currency, has not given up any share.

The Eurozone has had a large trade surplus – between €200 billion and €275 billion a year in recent years – with the rest of the world after it emerged from the euro debt crisis in 2012. From the US side, the US trade deficit in goods with the Eurozone was $183 billion in 2020.

The Eurozone’s trade surplus shows that it is easily possible for an economic area with a large trade surplus to also have one of the top reserve currencies. There is no requirement that a large reserve currency must be associated with a large trade deficit. But having the dominant reserve currency helps the US in funding its trade deficits and ballooning government debts

[MyLadiesDaddy]

6 minutes ago, ladyGrace'sDaddy said:

. These foreign exchange reserves are Treasury securities, US corporate bonds, US mortgage-backed securities, US Commercial Mortgage Backed Securities, etc

And to think Americans actually believe they own anything. 

 

7 minutes ago, ladyGrace'sDaddy said:

They’re all counting on the willingness of other central banks to hold large amounts of dollar-denominated debt.

But it seems, central banks have been getting just a tad nervous and want to diversify their holdings – but ever so slowly, and not all of a sudden, given the magnitude of this thing, which, if mishandled, could blow over everyone’s house of cards

The problem with the above statement is that while the CBs Of the world and the IMF are slowly liquidating the dollar the populous of the world is running for cover from the dollar. RUNNING at a breakneck pace. Take Cryptos for example, more than double their market cap in just the last year. 

 

Market Cap:  $1,968,066,522,308

 

•  

 

And that doesn't even come close to the MASSIVE danger caused by the WORLDWIDE SILVER SQUEEZE.  It's not just the Silver commodities market. It's Gold also. But the dirty little secret about the MASSIVE fraud in both Silver and Gold is the effects of what a crash in precious metals will do to everything else in the banking world. 

 

There are 4 to 5 major banks that literally don't have enough assets to cover their losses in the event of a run to pull precious metals from the Comex. 

 

For every ounce of Silver in the possession of SLV there's more than 400 contracts. And in GLD the amount of contracts per ounce is said to be far more.  

 

Now what do you think will happen to both SLV and GLD if people in Cryptos took just 10% of their holdings and bought physical Silver and Gold in the in investment market? That would be upwards of 200 Billion dollars worth of metals. And such an event would bottleneck the supply chain so severely it would cause a run on the Comex metals market.  

 

The powers that be are well aware of the situation and have been working overtime to stop the public from understanding the precarious severity at hand. Nevertheless, I believe that they will loose control of the situation very soon. If for no other reason than people are beginning to realize that you simply cannot print money like candy. 

 

[MyLadiesDaddy]

[MyLadiesDaddy]

 

[MyLadiesDaddy]

What Biden’s Big Infrastructure Push Means for Silver

by: Stefan Gleason

 

 Money Metals News Service

 

 March 29th, 2021

 

 

The federal government is spending and redistributing newly created cash so rapidly, it’s becoming difficult to keep track of which trillions are going where.

This week, President Joe Biden will pitch a $3 trillion “green” infrastructure package. That’s on top of the $1.9 trillion economic “relief” bill he recently signed into law.

Next month, Biden is expected to roll out plans for additional trillions to be spent on healthcare, education, housing, and more.

Republicans in Congress may object to some of the proposed spending. But they have a lousy track record – even during times when they were the majority – when it comes to actually reining in federal outlays.

Infrastructure spending is likely to garner some bipartisan support.

Politicians of both parties are eager to “bring home the bacon” to their districts. Many of them are blighted by deteriorating roads, crumbling bridges, and functionally obsolete facilities.

Implementing the “Build Back Better” agenda will require concrete, steel, copper, and other commodities – lots of them.

The green energy components in particular could result in massive demand increase for metals including silver.

The Biden administration is ordering all federal government agencies to transition their vehicle fleets to electric motors. It is also expanding subsidies and incentives for electric vehicles sold to consumers, with the stated goal of ultimately banning the sale of gasoline-powered cars.

Electrification has a silver lining – literally.

Silver is a superior conductor of electricity. It is critical in all stages of electrification infrastructure – from solar panels, to charging stations, to battery connections, to just about every electronic system that consumes power.

Silver, gold, and other hard assets also stand to benefit from the broader rise in inflationary pressures likely to accompany Washington’s spending spree.

It’s all being facilitated by debt issuance and the Federal Reserve’s printing press, which it uses to buy the government bonds

that no one else will.

At the moment, the central bank actually wants to see inflation run hotter. It has virtually abandoned all concern over budget deficits and other aspects of fiscal responsibility on the part of Congress.

But Democrats still want to raise additional revenues the conventional way – through tax increases:

• Former Fed chair and current Treasury Secretary Janet Yellen is pushing for tax hikes on corporations and high earners.
• Transportation Secretary Pete Buttplug wants to impose a mileage tax on motorists.
• Senate Budget Committee Chairman Bernie Sanders recently introduced legislation to dramatically raise the estate tax.
• Massachusetts Senator Elizabeth Warren, Rep. Alexandria Ocasio-Cortez, and their allies are threatening to impose a wealth tax.

A bevy of new taxes could be just the thing to spook Wall Street and bring the bull market in equities to an unceremonious end.

When investors perceiving rising threats to paper wealth, they are more likely to hunker down financially. And among the safe havens they may find attractive for sheltering wealth are physical precious metals.

Paper liquidations of precious metals traded on futures exchanges are possible during periods of distress in financial markets.

But these types of selloffs, like the one experienced last year amid the COVID panic, are usually fast-unfolding technical events. They aren’t indicative of fundamentally driven trends.

Although the paper selling in March 2020 was quite extreme, strong physical buying in response helped lift the gold market to a record high by late summer – and pushed the silver market to a multi-year high.

Given the extreme nature of the inflationary policies now being pursued in Washington, investors shouldn’t expect the 2020 highs in gold and silver to be any kind of ceiling.

The more rapidly that officials depreciate the currency in the months ahead, the greater the upside potential for precious metals.

[MyLadiesDaddy]

Inflation Pressures Building

by: Jp Cortez

 

 Money Metals News Service

 

 

There has been considerable discussion in recent weeks about the prospect and threat of rising inflation. This inflationary scare comes at a time when the government is unleashing massive stimulus measures to bailout states, businesses, and consumers – all in the name of combatting the pandemic.

We’ve already seen a $1.9 trillion helicopter money drop this year, and the Biden administration appears just to be getting started.

The latest reading of government’s CPI (Consumer Price Index) continues to suggest that inflation so far remains low. Even if we do experience inflation, government officials continue to assure, it will be transitory. Despite these weak guarantees, financial establishment luminaries are starting to sound the alarm and Americans are becoming increasingly concerned about soaring inflation.

Former Treasury Secretary Lawrence Summers along with former IMF Chief Economist Olivier Blanchard recently voiced concerns over President Joe Biden’s $1.9 trillion stimulus plan, suggesting that so much new largess on top of all last year’s large stimulus packages could cause the economy to “overheat.”

Inflation is a tax on savers, wage earners, and those without sound money or hard assets, so while the exact definition of “overheat” remains under debate, it seems clear that a sudden rise in price pressures could cause the Fed to lift rates rapidly, potentially causing job losses and other issues as the economy slows.

Such a scenario could lead to a period of higher inflation, or even 1970s-style stagflation.

Considering more than 25% of all U.S. Dollars ever printed have been printed in the last year, would anyone be surprised?

The ongoing threat of inflation could lead to more buying of gold and other hard assets. Fed chief Jerome Powell has suggested time and again that the central bank would be comfortable allowing inflation to run hot for a while before taking any action to calm price pressures.

This means that the central bankers will not hike interest rates or roll back bond purchases to slow things down. And when government-reported inflation rises well above 2% while interest rates remain at lower levels, the resulting negative real interest rates will underpin gold prices and could potentially lead to substantially more gold buying and higher prices.

The Win/Win Scenario

The gold market may very well have entered a win/win scenario.

The market has been buoyed by ultra-low interest rates, quantitative easing, and the threat of rising price pressures. Such conditions put the dollar under pressure, and gold’s proven record as a historical inflation hedge continues to create a tailwind for the metal’s market.

And even if the Fed ultimately hikes rates, if history is any guide, these monetary alchemists who believe they can create wealth by printing it will be behind the curve – and gold will still benefit from real interest rates that continue to be in negative territory.   

The gold market may, therefore, be headed for a further ascent regardless of what the Fed does or does not do in the years ahead.

Price action in the yellow metal has been to the downside since the all-time high achieved last August, although that downtrend may have now run its course.

In recent days, bargain hunters and long-term investors have stepped into the market, and gold may soon reverse decisively and make a new run at its all-time high of $2,060 an ounce.

[MyLadiesDaddy]

WARNING: The following message contains shocking information that will be disturbing to some audiences. Viewer discretion is strongly advised.

 

Americans endured the Great Depression of 1929... The Great Recession of 2008... But NOTHING will compare to the battle that lies ahead:

The Great Devastation of 2021

“I thought the Great Recession was once in a lifetime, but this is much worse.” – S&P Global Chief U.S. Economist

 

 

Manward Press