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Author: Gold News Club
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The Four Horsemen Hate Silver
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Yes, COMEX prices for silver in fake money—fiat debt-based dollars—fell to $11.77 on March 18. However, prices rose to over $16 on April 14. But each silver eagle remains an ounce of real money that has been valuable for centuries and will stay valuable for many more decades, regardless of how many paper contracts are dumped on the COMEX to lower prices.
Miles Franklin sponsored this article by Gary Christenson. The opinions are his, and they are not investment advice.
The gold to silver ratio hit a historical high on March 18 of 125, even higher than in 1991 when silver bottomed at $3.51.
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Thursday, April 16th
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2011-2020 is the first decade in Foster’s table where no currency has yet failed. I doubt 2021-2030 will be the same. The present order is failing. A better world is coming. Be patient. Buy gold, buy silver, have faith
Regarding today’s markets and gold and silver, on April 15th, Sandeep Jaitly wrote:
Thursday, April 16th
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Yahoo-Bloomberg/Joe Richter and Yvonne Yue Li/4-15-2020
“The clamor for retail investors to get hold of precious-metals coins is about to get more urgent. The U.S. Mint said Wednesday it’s temporally halting production at its West Point facility in New York because of the risk to employees from the coronavirus. … The shutdown comes as convulsive swings in financial markets spur a surge in demand among retail investors for precious metals as haven assets. Last month, the Mint said it sold out of American Eagle silver coins, while the gold coins it offers were snapped up in March at the fastest pace in over three years.”
USAGOLD note: We referenced this report in this morning’s DMR and repost it here for those who may have missed it. When we received notice of the stoppage, we were able to secure new inventory of gold American Eagle and Buffaloes, silver American Eagles and 100-ounce silver bars – all in limited numbers and at reasonable premiums. As you may already know, most of our competitors are out of stock on these items. Needless to say, there is no assurance we can continue to secure inventory under these circumstances. If you have an interest please contact us – first-come/first-served.
Take advantage of our many years experience in the gold business.
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Bloomberg/John Authers/4-14-2020
“The stock market, home of optimists everywhere, is doing very well at present. But gold, where pessimists find a home, is doing even better. In dollars, the shiny metal closed on Tuesday at its highest since 2012. The all-time high is in sight, and it has gained more than 60% since its nadir in 2015.”
USAGOLD note: John Authers enlists his considerable analytical skills to explain what gold might be telling us about the economy and the stock market. “A rising gold price,” he says, “is always a disquieting sign.” The charts below show the performances of gold and stocks over the past 12 months and year to date.
Gold past 12 months
Gold year to date
Charts courtesy of TradingView.com
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