The competition for the worst prepping advice out there is pretty sharp… by Selco Begovic via The Organic Prepper The competition for the worst prepping advice out there is pretty […]
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VOIMA/Jan Nieuwenhuijs/7-22-2020
“Three elements cause physical delivery on the COMEX to have reached record highs this year: strong demand for futures in New York, a persisting spread between the price of futures in New York versus spot gold in London, and arbitrage.”
USAGOLD note: Jan Nieuwenhuijs applies his strong analytical skills to the huge increase in COMEX gold warehouse stocks and includes a group of interesting charts to help make his point.
Chart courtesy of GoldChartsRUs.com • • • Click to enlarge
ZeroHedge/Tyler Durden/7-22-2020
“What followed next was shocking as it came from the mouth of a respected legacy banker and not some tinfoil conspiracy theorist: admitting that he is ‘a gold bug’. Reid says that in his opinion, ‘fiat money will be a passing fad in the long-term history of money’, a shocking admission for most financial professionals who are expected who are expected to tow the Keynesian line and also believe in the primary of fiat and its reserve currency, the US Dollar.”
USAGOLD note: Not the sort of thing, as Durden points, one would expect from the lead credit strategist at one of the world’s largest banks, but a warning just the same how perilous the situation can become in the current monetary system.
