Month: December 2020

IG/Joshua Mahoney/12-17-2020

“Given the widespread perception that the dollar is a haven asset, a decline in the dollar highlights a move into riskier assets over safer bets. Thus it should not necessarily surprise us that silver outperforms as the traders look for risk. With that in mind, the dollar decline forecast by many for 2021 could bring significant outperformance for the price of silver.”

USAGOLD note:  We caution that silver’s volatility works both ways. In short, the downsides relative to gold can be just as pronounced as the upsides as a good many silver investors have discovered over the years. Silver should not be viewed, in our estimation, as a substitute for gold, but a complement – something that gives the investor who understands it, and is willing to shoulder the risks, greater upside potential.

The post IG says gold, silver uptrend kicking back into gear – silver could outperform first appeared on Today’s top gold news and opinion.

MarketWatch/Shawn Langlois/12-15-2020

“We’re in very uncharted waters. Nobody has gotten by with the kind of money printing now for a very extended period without some kind of trouble. We’re very near the edge of playing with fire.”  – Charlie Munger

USAGOLD note:  Munger, for those who don’t recognize the name, is Warren Buffet’s business partner at Berkshire Hathaway. This link takes to a nearly hour-long video interview. He says that much has happened in the investment business in the last several years, not all of it good. Basic philosophy and practical advice offered by a legend ……

The post Munger worries about stock market frenzy first appeared on Today’s top gold news and opinion.

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The post https://www.usagold.com/cpmforum/2020/12/307677/ first appeared on Today’s top gold news and opinion.

Axios/Dion Rabouin

“The Federal Reserve and global central banks are remaking the world’s economy in an effort to save it, but have created something of a monster. The Fed-driven economy relies on the creation of trillions of dollars — literally out of thin air — that are used to purchase bonds and push money into a pandemic-ravaged economy that has long been dependent on free cash and is only growing more addicted.”

USAGOLD note: To a large extent – and there may not have been a choice – the United States (and the world) is trapped in an unpleasant dilemma ……

Repost from 12-16-2020

The post Our make believe market is here to stay first appeared on Today’s top gold news and opinion.

Financial Times/Tim Harford

“Indeed, we are surrounded by products we barely understand, produced by people we never meet, often at a quality so high and a price so low — relative to our wages — that our ancestors would be staggered. No one person has a complete view of the production process or co-ordinates it from the moment the cedar tree sprouts to the moment the barcode on the box of pencils is scanned at the checkout.”

USAGOLD note:  A humble reminder of how we got to where we are from one of our favorite writers, Tim Harford of The Undercover Economist fame and a regular columnist at Financial Times  ……

Repost from 12-16-2020

The post In praise of the pencil first appeared on Today’s top gold news and opinion.