Month: December 2020

Risk in gold is ‘limited’: Prices still on track towards $2100 in 2021 – Bloomberg Intelligence  Kitco NEWS

Investments into gold ETFs to tumble in 2021, weighing on gold price – Citi  Kitco NEWS

Gold price slumps to 5.5-month low amid risk-on attitudes  Kitco NEWS

Although the apparent results of the 2020 election are still being contested, members of the global ruling elite are already looking forward to a post-Trump era in American politics – and a post-vaccine world economy.

They have encapsulated their policy agenda for 2021 and beyond into two words: “Great Reset.”

The notion of a Great Reset comes directly from the World Economic Forum.

The globalist organization has been actively pushing it for months via a series of policy articles on its web site.

The Great Reset agenda entails “harnessing the fourth industrial revolution” and “redrawing the geo-political map of the world” in pursuit of an “energy transition” that makes “economies more sustainable” while advancing “equity, inclusion and social justice in the workplace” so that the global economy can “build back better.”

In essence, the Great Reset is every longstanding globalist priority rolled into one and put on an accelerated path to full implementation.

Earlier this month, Canadian Prime Minister Justin Trudeau, speaking to a United Nations video conference, said, “This pandemic has provided an opportunity for a reset… This is our chance to accelerate our pre-pandemic efforts to reimagine economic systems that actually address global challenges like extreme poverty, inequality and climate change.”

As both Winston Churchill and Rahm Emanuel said, “never let a good crisis go to waste.”

So what would a Great Reset mean for the monetary system?

It certainly wouldn’t mean a resetting of the U.S. dollar or any other national or regional fiat currencies to a gold standard.

Instead, the Great Reset that globalists have in mind would give central bankers more power to pursue costly and draconian environmental and social justice objectives that have traditionally been outside the scope of their mandates.

The Federal Reserve recently signaled its participation in the Great Reset by joining the Network for Greening the Financial System (NGFS), a global group of central banks and regulatory bodies dedicated to implementing the Paris climate agreement and other “green” priorities.

The Fed’s “dual mandate” of stable prices and full employment is now effectively an unlimited mandate. It includes raising price levels to impose higher rates of inflation on workers and savers.

Some gold bugs imagine a scenario where the Fed abuses its currency creating powers to the point where the public loses confidence in the U.S. dollar, forcing the authorities to back it with gold at some extraordinarily elevated price.

The coming great monetary reset is unlikely to play out that way, however.

Central bankers and Keynesian economists dogmatically believe their theories are superior to a sound money system. They are more likely to double down – implementing a digital dollar (perhaps merged with a global currency regime) that is delinked from anything tangible, including coins and paper bills.

Gold’s role in the monetary system post-Great Reset will be to reflect its excesses and failures. In fact, the precious metal has been playing such a role ever since the U.S. moved to a purely fiat Federal Reserve note.

When the last vestiges of the classical gold standard were rescinded in 1971, gold prices traded in the low $40s per ounce. Earlier this year, the monetary metal traded up to record high prices above $2,000.

Gold prices have risen 50x over the past 50 years as a reflection of the loss of the dollar’s purchasing power.

Thus, a de facto gold standard is still in force – and will continue to be regardless of what the Great Reset brings.

Those who own precious metals are effectively making a Great Escape from the global fiat regime entirely and resetting their purchasing power in sound money. It will more reliably preserve purchasing power in the years and decades to come than any central banker-issued paper or digits.

Here’s a Christmas gift that doubles as a great investment…

For a limited time Money Metals is offering wearable 24-kt gold bullion at unheard of low premiums – just a hair above melt value.

And every one of these beauties ships absolutely Free!

Money Metals’ 1 oz. gold bracelet is beautiful, durable, and .9999 pure.

Best of all, it’s priced at less than 11 percent over melt value (a $160 (or less) premium at current spot prices).

Yes, it’s possible to have jewelry that is ACTUALLY WORTH what you paid for it! And can be resold without taking a huge hit (we pay nearly spot if you sell it back).

Compare this superb value with the sky-high markups we uncovered on gold bracelets from leading retailers:

• Macy’s “solid gold” 14-kt polished bangle bracelet sells for $10,300! In spite of being touted as solid gold, 14-kt gold is a mere 58.3 percent gold and over 40 percent “other metals.” The markup above melt value on this item is unknowable, as the seller chooses not to disclose the weight of the bracelet to the consumer.
• Bulgari’s gold polished bracelet at $4,600 has somewhat more gold at 18-kt, but that’s still only 75 percent pure gold. Like Macy’s, the actual weight is not disclosed. You are right to wonder why these sellers wouldn’t want you to know how much gold you’re really getting for your money.
• Sarraf Jewelry’s 10mm Domed Omega Bracelet sells for $1,981 and contains 1.11 oz of 14-kt gold. That’s just 0.65 oz of pure gold, making the retail price 75 percent over melt value.

As in informed precious metals buyer, you would never buy any gold item without knowing how many ounces of actual gold you are getting for your money. And you’d never pay double or triple the melt value!

Money Metals’ 24-kt gold bracelet fulfills our promise to always bring you the most metal for your money. We offer this beautiful item for less than $2,128 – one full troy ounce of gold, and no compromises!

There really is no comparison – our gold bracelet means more gold for your money – period!

Our customer Dennis W. bought this bracelet for his wife and wrote back to say:

“A truly beautiful piece of jewelry. The hammered finish compliments the bracelet and the sheen of genuine gold just can’t be beaten. My wife loves this as much or more than any other jewelry I’ve given her.”

Our pure gold bracelets are manufactured with care here in the U.S. and stamped with “.9999” purity on the inside face. Give one of these bracelets as a gift; put one on your own wrist or simply add them to your holding. We will ship them in a gift style box with a certificate of authenticity.

The classic and simple design is suitable for either a man or a woman.

The bracelet has a metal weight of 1 troy oz, is 0.5 cm in diameter, and fits wrists up to 8.5 inches. The bracelet will expand or contract to provide a comfortable and secure fit to any wrist – man or woman.

FREE SHIPPING! Every precious metals order of $500 or more ships free at Money Metals, adding even more to your savings. (Add a gift item to any order, and everything ships free no matter the amount.)

Shop with confidence at MoneyMetals.com or call one of our precious metals specialists at 1-800-800-1865.

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