“I am looking for a hyperinflation…In hyperinflation, it will be so rapid the currency is worthless to you.” John Williams interviewed on USA Watchdog by Greg Hunter Economist John Williams […]
The post Buy Gold & Silver As Coming Hyperinflation Makes The U.S. Dollar Worthless appeared first on Silver Doctors.
Currently, the charts are looking very bullish for gold and the larger view shows that we are nowhere near being overbought… Michael Oliver interviewed on Palisade Radio Tom welcomes a […]
The post Momentum Pointing to the Sky for Gold, Silver, and Junior Miners appeared first on Silver Doctors.
In the early days of these protests, the rage was palpable. Cars were torched, businesses were destroyed, and property was stolen. But people are… by Simon Black of Sovereign Man […]
The post Some positive moments amid all the turmoil appeared first on Silver Doctors.
Precious metals and miners continue to go sideways-to-down for now. This makes sense after strong rallies in each, and it facilitates a reset of the… by David Brady via Sprott […]
The post Consolidation Continues in Gold & Silver Prior to Next Rally appeared first on Silver Doctors.
How interesting that the MSM is leaving this part out. Perhaps it was all just a psyop? Perhaps it was to incite violence and bring in the troops for… by […]
The post George Floyd Had Covid-19 And Neighbors Thought Derek Chauvin Was A Real Estate Agent appeared first on Silver Doctors.
NewsMaxFinance/Mike Fuljenz/6-2-2020
“For the first five months of 2020, sales of American Eagle gold coins total 335,000 Troy ounces, up 222% from the 104,000 ounces sold last year. This May, the Mint sold 11,500 ounces, down from April, but 187% above the 4,000 ounces sold in May 2019. Sales of American Eagle silver coins reached 490,000 ounces in May 2020. Although down from April and from last May, this brings the total American Silver Eagle sales for the year to 11,218,500 one-ounce coins, which is 25% more than the 8,987,000 coins sold through the same five months in 2019.”
USAGOLD note: When reviewing these numbers, we should keep in mind that the 2019 mintages reflected record low demand at the U.S. Mint – so the impressive percentages are off a very low base. That said, demand for gold and silver bullion coins has been very strong thus far this year at USAGOLD. While many have had trouble fielding and filling orders, it has been business as usual for us (and our clientele).
MarketWatch/Steve Goldstein/6-2-2020
“‘Aggressive policy means that the U.S. will need to consider negative interest rates and aggressive government spending, such as spending on infrastructure,’ the researchers said.”
USAGOLD note: We’ve said it before. To find a comparable moment in history, you would have to back to FDR’s New Deal in 1933. What it means to the contemporary economy, the dollar and gold remains to be seen.
How to achieve a V-shaped recovery amid the COVID-19 pandemic / St. Louis Federal Reserve / Yi Wen and Brian Reinhold / 5-29-2020
Bloomberg/Alister Bull/6-3-2020
“We had a number of players in these last few months that have essentially been bailed out by the Fed: Hedge funds that were invested in cash Treasuries, and short Treasury futures,” said Dudley, noting Fed Treasury purchases helped “those entities unwind what turned out to be a bad trade.”
USAGOLD note: Haven’t heard much about moral hazard of late but the Federal Reserve, it can be said without much in the way of push back, is dishing it out in spades. It won’t be long until the old criticism that Wall Street and the Federal Reserve privatize profits and socialize losses is back in vogue. That might seem to be a rather banal comment at this stage of the game, but the socialization of Wall Street’s losses, in the end, amounts to a tax on the citizenry either in the form of direct levies on income or the more insidious process of inflation – and that’s a big deal.
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