Author: Gold News Club

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Silver

Why Gold Bullion Investors Are Concerned About Government Confiscation

Could Gold Bullion be Confiscated Again?

As the comparisons between the COVID-19 Recession and the Great Depression grow, many investors are asking if the U.S. Government would resort to confiscating gold bullion again. Although unlikely, with the skyrocketing U.S. debt, it is understandable why many investors are increasingly worried that the government might consider resorting to Great Depression-era tactics to bail itself out.

Watch episode one of The Gold Spot here as Eric Sepanek and Damian White discuss investors concerns as well as the similarities between 1933 and 2020, and why this is sparking the rise in the topic of gold confiscation.

Learn even more about the history of Gold Confiscation. Read our free report, “Gold Confiscation: A Timeline of Events” here:

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Silver

Technology-like margins come to the mining sector

Kitco News

(Kitco News) – “Let’s not forget even at $1,700-$1,740 ounce gold–if your all-in-sustaining-cost of production is $1,000 or $1,100 an ounce, you’re making big margins. You’re making the kind of margins that software companies or technology companies can make.”

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Silver

Where did I place my gold; have you seen my silver?

Kitco News

(Kitco News) – I need to start off this week’s newsletter by highlighting Anna Golubova’s story about $200,000 worth of gold left on a Swiss train.

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Silver

Gold price ends week with a knockout, what’s next?

Kitco News

(Kitco News) – Gold surprised with a rally Friday with precious metals analysts not ruling out more price gains next week as they keep a close eye on the economic data, COVID-19 reinfection rates, and geopolitical tensions.

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Silver

Silver Weekly Price Forecast – Silver Markets for Massive Hammer

Yahoo! Finance: SI=F News

Silver markets initially fell during the week but found plenty of support near the $17 level to turn around and form a massive hammer.

The post Silver Weekly Price Forecast – Silver Markets for Massive Hammer appeared first on WorldSilverNews.

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Silver

Silver Price Forecast – Silver Markets Recover on Friday

Yahoo! Finance: SI=F News

Silver markets rallied a bit on Friday, reaching towards the $18 level. This is a market that has plenty of support underneath so it should not be a surprise.

The post Silver Price Forecast – Silver Markets Recover on Friday appeared first on WorldSilverNews.

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Silver

Silver climbs just over 2% for the week

Silver climbs just over 2% for the week

Peter Spina, president and chief executive officer at GoldSeek.com, referred to the forecast as a “strong promotion from Goldman Sachs,” following sideways trading for gold in the last couple of months.

SilverSeek
Fri, 06/19/2020 – 15:41

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Silver

COT Silver Report – June 19, 2020

COT Silver Report – June 19, 2020

COT Silver Report – June 19, 2020.

Silver COT Report
Fri, 06/19/2020 – 15:33

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Silver

Gold & Silver Seeker Report: This Week in Mining Issue #18: Will Gold Finally Break Resistance? and Another Bidding War

Gold & Silver Seeker Report: This Week in Mining Issue #18: Will Gold Finally Break Resistance? and Another Bidding War

With National debt now well passed $26T and total debt pushing $80T (public & private) and the massive monetary inflation (not consumer Price inflation) that has taken place over the 3-months, gold should be well past $2k/oz. Unlike 2008, all this inflation won’t simply be more or less idle in bank reserves [notably excess reserves] or show up primarily in asset prices, rather a significant amount was helicopter money, which will work its way into consumer prices rather quickly. For a lack of a better term, “the new normal” is negative real interest rates as far as the eye can see, numerous stimulus packages [possible every year], deficit spending [inclusive off budget-items] of at least $1.5-$2T/yr and an acceleration of debt accumulation.

The unprecedented monetary and fiscal policy response is unlikely to go away and more likely to become more reckless and dangerous, creating the perfect storm for gold, silver, and related mining equities. Hold Strong. Our time has coming.

Chris Marchese
Fri, 06/19/2020 – 14:34

Categories
Silver

Silver on track for second weekly gain

Silver on track for second weekly gain
SilverSeek
Fri, 06/19/2020 – 11:34