Category: Gold

We’re pleased today to grant you access to the Summer 2020 issue of Money Metals Insider – a FREE benefit for you, our valued reader.

This special newsletter is packed with actionable information about the markets, plus details on some special offerings from Money Metals Exchange.

At Money Metals, we’ve recently seen a HUGE influx of Americans who, for the first time, are looking to buy gold and silver as financial insurance during these truly crazy times.

That’s why the newsletter also answers some common questions we’ve heard recently from beginners to investing in gold and silver – and those with more experience.

I’m proud of – and deeply grateful to – our dedicated Money Metals employees who have been able to keep key items in stock and ship customer orders faster than all of our industry peers. We continue staff up to ensure we can maintain our reputation as the best U.S. dealer when it comes to customer service.

Here are the highlights from your free Money Metals Insider newsletter:

• Summertime Sizzle for Gold and Silver
• Q & A: Frequently Asked Questions
• Loan Program: Get Cash Without Selling Your Precious Metals!
• Who Else Wants to Access These 3 Great Benefits of Owning Vault Metals?
• How the Fed Gets Away with Ripping Off Ordinary Americans
• The #1 Question for New Investors in Precious Metals.

So download the PDF of this fantastic free newsletter right now – and pass it around to your friends! It’s another free benefit for those who have signed up for the Money Metals email list.

Jim Grant has long been skeptical of the mechanization of the Federal Reserve. He was warning about the distortions created in the markets and broader economy caused by the central bank’s monetary policy long before the monetary Hail Mary it threw up in response to the coronavirus pandemic. Last month, Grant wrote an op-ed for […]

Permanent business closures are rising as the economic impacts of the coronavirus-induced government shutdowns continue to ripple through the economy. This is yet another sign that the promised “v-shaped” economic recovery will likely never materialize. Business closures on Yelp peaked about 177,000 on April 19 and fell to 132,500 as of July 10 as states […]

The silver market has BROKEN! You won’t see it in the price. Here’s where you’ll see it… by Bix Weir of Road to Roota WOW! Yesterday 1.25B Ounces of electronic […]

The post COMEX Silver EXPOSED! 99.9% of Trades Are FAKE!! appeared first on Silver Doctors.

Why the strong stock market in a weak economy? (Silver Doctors Editors) A good number of gold & silver investors keep up with the writings of Jim Rickards. He’s out […]

The post Stock Market Disconnected From Economic Reality? Don’t Fight The Narrative appeared first on Silver Doctors.

The recent tensions and the riots that started in the US and spread throughout the West, all seemed to have the notion of inequality and… by Claudio Grass via Claudiograss.ch […]

The post Is the West repeating India’s mistakes? appeared first on Silver Doctors.

It was a valid and powerful breakout… by Clive Maund of Streetwise Reports The purpose of this update is to celebrate and mark silver’s powerful breakout from a giant base […]

The post In Honor of Silver’s Epochal Breakout appeared first on Silver Doctors.

Silver’s still a country mile from all-time record highs, yet gold is testing $1,900, and thankfully, Chris is here to help us sort out that and more… Chris Vermeulen of […]

The post Chris Vermeulen: More Upside Or Prepare For Pullback In Gold & Silver? appeared first on Silver Doctors.

CNBC/Greg Iacursi/7-21-2020

“Great Depression levels of unemployment have hit some of the country’s biggest cities. The coronavirus pandemic has pushed the jobless rate in New York, Los Angeles and other major urban areas to near or above 20%, nearly twice the national rate. The unemployment rate is a barometer of financial hardship for American families, since losing a job typically leads to a significant drop in household income.”

USAGOLD note:  As Ronald Reagan used to say, “A recession is when your neighbor loses his job. A depression is when you lose yours.”

Gold and silver prices have exploded.  Gold’s up $390 since its March low, silver up $10.60.  Silver’s gain is 87% versus gold’s 26%.  This is what was supposed to happen being that the GSR (gold silver price ratio) topped 100.  Silver has still more catching up to do.

The renewed interest in the metals undoubtedly comes from recognition that all this massive money printing and distribution cannot end well.  Many former employees are now making more money not working than they were when working.

Consider these numbers: The federal budget deficit was $2.7 trillion in the first nine months of fiscal year 2020, $2.0 trillion more than the deficit recorded during the same period last year.  For March 2020, fedgov’s budget deficit was $117 billion, which was a $30 billion decrease from the $147 billion deficit recorded in March 2019.

Another stimulus program is in the works.  The House passed the CARES Act, which called for $3 trillion in additional spending.  The Senate did not act on it, and Senate Majority Leader McConnell has said that $1 trillion is closer to what he is thinking.  They will probably meet in the middle but with it being closer to $3 trillion than $1 trillion.

Further, we have cities and states continuing to shut down restaurants, gyms, bars, hair salons, nail salons, and other sources of tax revenues.  Those states and cities will be doing without tax revenues, and we can expect them to ask the Fed and the Treasury for assistance.

As noted, this is not going to end well.  Gold and silver prices are moving in the right direction.