Month: January 2021

The Daily Reckoning/James Ricards/12-21-2020

“The most dangerous attacks of all are those in which the enemy penetrates a bank or stock exchange, not to disable it or steal information, but to turn it into an enemy drone. Such a market drone can be used by attackers for maximum market disruption and the mass destruction of Americans’ wealth, including stocks and savings.”

USAGOLD note: The above is a Pentagon war games scenario in which Ricards was a participant. Though he doesn’t mention the cyberattack last month on several federal government agencies (deemed “the worst ever”), it serves as a warning of financial markets vulnerabilities in the modern era. He says that “[t]he answer to both threats – collateral damage and digital warfare – is to have some hard assets in physical form that cannot be attacked digitally. These include physical gold and silver, land and fine art. These are the things that cannot be erased in a digital attack or frozen when payment systems are disrupted.” It just so happens that those are the same shelters the wealthy have used for centuries as a hedge against the unexpected.

The post Financial warfare is real; gold and silver are part of ‘the answer’ first appeared on Today’s top gold news and opinion.

Bloomberg/Cormac Mullen and Ruth Carson/12-28-2020

“Speculative traders are ending the year doubling down on their bets against the dollar. Net short non-commercial positions in futures linked to the ICE U.S. Dollar Index have surged to the most since March 2011, according to the latest Commodity Futures Trading Commission data.”

USAGOLD note: There have been periods in the past when the dollar depreciated significantly against other currencies even though nation-states, in general, were engaged in across-the-board currency devaluations. The 1970s come to mind, as do the early 2000s.

The post Trader bets against the dollar highest in almost a decade first appeared on Today’s top gold news and opinion.

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The post https://www.usagold.com/cpmforum/2021/01/usagold-quality-service-and-pricing-since-1973/ first appeared on Today’s top gold news and opinion.

Investors won’t be able to ignore gold miners in 2021 – Sprott’s John Hathaway  Kitco NEWS

Pure Gold Mining announces appointment of Chris Haubrich as vice president, Business Development  Proactive Investors USA & Canada

Hedge funds raise mining shorts as COVID vaccines seen tamping gold gains  Reuters

Gold, silver see bullish follow-through strength Tuesday  Kitco NEWS

Gold mauls the dollar & silver stocks soar  Kitco NEWS