Categories
Gold

Hedging the decline and fall of a currency
The baseline case for gold hasn’t changed much in 1700 years

cover of the novel The Burning Stone by Jack Whyte
Book Review

The baseline case for gold 320 AD

“We sometimes forget that inflation is a process rather than an event. One of the better-known examples of that axiom is the nearly two centuries-long debasement of Rome’s silver denarius – an inflationary episode Jack Whyte, a writer of historical fiction, skillfully addresses in his latest novel, The Burning Stone.

Set in Great Britain in the fourth century AD during the Roman occupation, The Burning Stone is a prequel to Whyte’s engaging, seven-book series on King Arthur – The Camulod Chronicles. Throughout the series, Whyte juxtaposes the rise of Arthur’s Camelot against Rome’s decline. This particular story is told through the lens of a young Roman from a wealthy family with banking, political and military interests who flees to Britain ……”

[LINK to the rest of the story]
…… which includes The baseline case for gold in 2020 AD ……


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Categories
Gold

Did Forbes Magazine ever get this wrong!

In November 2016, Forbes magazine (commonly known as “Forbes”) published an article titled “Four Reasons Why Gold Is A Bad Investment.”  Despite being a business magazine with a stellar reputation, established 1917, they really missed the boat with this article.

November 2016 was a “down” month for gold, trading from $1300 to $1180.  So, let’s average it to $1240.  Today, it’s in the $1820 range, a $580 climb, a 46% upside move.

The author noted all the old, hackneyed digs for gold: “Unlike a bond, the metal pays no interest. There is no dividend. It may not protect you against the worst forms of inflation, which are often in health care. And there is no implicit guarantee that it will appreciate in value.”

He did, though, provide a salient warning:  There are lot of people getting scammed into buying it in various forms.  That is what CMI has been saying for 48 years.  We have never promoted numismatic coins, which carry huge premiums because of their dates and low mintages.

(Follow the getting scammed link for stories of investors who were taken by “bait and switch” tactics, where bullion coins such as Gold Eagles are advertised but so-called collector coins are promoted.)

My main objection to the article is that the author never mentions that gold has been valued in all civilizations for six thousand years, and it has never been VALUELESS.  Further, he fails to mention that the U.S. Treasury lays claim to 8,133.5 tons that are stored at Ft. Knox, KY and in the Federal Reserves vaults in NYC.

Additionally, central banks around the world collectively own 34,904.76 tons

Yet individual investors are told that “gold is a bad investment.”

Gold shines especially when governments enter into loose monetary policies, such as now.

Categories
Gold

Increase Gold Exposure With Highland Gold Mining – Seeking Alpha

Increase Gold Exposure With Highland Gold Mining  Seeking Alpha
Categories
Gold

National Labor Relations Board in settlement talks with Nevada Gold Mines after agency accuses it of ‘unlawful conduct’ – The Nevada Independent

National Labor Relations Board in settlement talks with Nevada Gold Mines after agency accuses it of ‘unlawful conduct’  The Nevada Independent
Categories
Gold

Resolute adds life at Mako gold mine – www.mining-journal.com

Resolute adds life at Mako gold mine  www.mining-journal.com
Categories
Gold

Wall Street Is Throwing Billions at Once-Shunned Gold Miners – Yahoo Finance

Wall Street Is Throwing Billions at Once-Shunned Gold Miners  Yahoo Finance
Categories
Gold

Gold gains, silver powers to 4-year peak Monday – Kitco NEWS

  1. Gold gains, silver powers to 4-year peak Monday  Kitco NEWS
  2. Gold Price Challenges 2011 Dollar Peak, ‘Inflation Returns At Last!’ Say Analysts | Gold News  BullionVault
  3. Gold hits highest since September 2011, silver at 4-year peak  CNBC
  4. Gold Price Analysis: XAU/USD consolidates gains above $1,800 inside immediate rising channel  FXStreet
  5. Citi Says It’s ‘Only a Matter of Time’ Before Gold Hits a Record  Bloomberg
  6. View Full Coverage on Google News
Categories
Gold

Silver marks highest finish since 2016; gold ends higher for a second session – MarketWatch

Silver marks highest finish since 2016; gold ends higher for a second session  MarketWatch
Categories
Gold

Gold, Silver flat, Platinum may have found a bottom – Kitco NEWS

Gold, Silver flat, Platinum may have found a bottom  Kitco NEWS
Categories
Gold

Gold has surged due to the pandemic — and it could keep going. Here’s what to know about investing now – CNBC

Gold has surged due to the pandemic — and it could keep going. Here’s what to know about investing now  CNBC