Frenchblue originally posted this antique diamond and sapphire engagement ring on the Show Me the Bling forum at PriceScope. This gorgeous flower took my breath away! It’s a statement and a half! What is your favorite part of this gorgeous ring? I cannot get enough of this ring; I love the […]
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Kitco News
(Kitco News) – The global economy has all but ground to a halt because of the COVID-19 pandemic. It will be even quieter Friday as some European and all North America financial markets will be closed for the Easter long weekend.
The post Easter trading schedule for precious metals markets appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Premier said it will continue to take all steps necessary to protect its interest in the project.
The post Centerra turns down $205 million offer from Premier appeared first on WorldSilverNews.
Kitco News
(Kitco News) – “Imperatives such as access to clean water, hygiene products and medical equipment will be important in some regions. In others, our efforts may focus on enabling students to continue learning, despite schools being closed.”
The post Glencore announces $25 million community support fund appeared first on WorldSilverNews.
Kitco News
(Kitco News) – To protect certain confidential aspects of the LOI, the Japanese Trading Company and the Chinese SPG producer have requested not to be identified at this time.
The post Battery materials producer to collab on battery anode plant appeared first on WorldSilverNews.
Kitco News
(Kitco News) – “I am extremely proud of our team working tirelessly with the DMRE and the Minerals Council to enable the Tharisa Mine.”
The post Platinum group metals miner in South Africa commences reduced mining appeared first on WorldSilverNews.
Miles Franklin sponsored this article by Gary Christenson. The opinions are his.
The coronavirus is blamed for weak global demand and damaged supply chains. The Fed is worried. But central banking is part of the problem. Central banks created bubbles, and those bubbles crashed in 2000, 2008, and 2020.
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CCN/W.E. Messamore/4-7-2020
“In the truest sense of the word, this is a radical experiment in monetary expansion. But history is clear on what this experiment will mean for gold. What the Federal Reserve is doing now dwarfs the last radical monetary experiment in 2008. Back then the Fed’s interventions tripled the money supply in three years from Aug 2008 to Aug 2011. That sent gold prices on a parabolic trajectory, doubling the market value of gold in three years. History is repeating itself, but with greater speed and magnitude.”
USAGOLD note: Actually, gold more than tripled from the first signs of a financial crisis in late 2007 to the peak in September 2011, as shown in the chart below. It is interesting to note that the three factors with the most influence on the price of gold in that period were (a) worries over disinflationary risks to the financial system, (b) the fear of a recession, and (c) the prospect of future inflation.
Bloomberg/Nathan Crooks/4-7-2020
“Ray Dalio thinks there are better assets to hold than cash as central banks print money and keep interest rates low in response to the coronavirus pandemic.”
USAGOLD note: Dalio has consistently recommended gold ownership for the citizenry as has his firm, Bridgewater Associates. The link takes you to Dalio’s latest thoughts on the crisis, the value of the dollar, and what he sees as the “era of the most massive MP3/helicopter money monetary stimulation since WWII.” Hence the summation: Cash is trash.