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Gold

Silver Charts Biggest Monthly Gain in 9 Years

Silver just had its biggest monthly gain in nine years. The spot price of the white metal went into May at $14.96 per ounce and closed on May 29 at $17.98, a 20.7% increase. Silver futures did even better, with the price of silver for July delivery hitting $18.50 per ounce Friday. Analysts think silver […]
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Gold

Peter Schiff: It’s the Nancy Pelosi Version of Monetary Policy

On Friday afternoon, Federal Reserve Chairman Jerome Powell did a Q&A session with Princeton economist Alan Blinder. Powell admitted that the central bank had “crossed a lot of red lines,” but insisted he was comfortable with the actions given “this is that situation in which you do that, and you figure it out afterward.” In […]
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Gold

What’s To Blame For Nationwide Riots – Police Brutality Or Lockdown?

Are the riots engulfing the nation simply fallout from the shocking killing of a black suspected forgerer at the hands of a white police officer? by Ron Paul of Ron […]

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Gold

There’s No End in Sight to the Zombie Economy

This is terrible news for Main Street, because now capital is being misallocated and transferred to unproductive enterprises… by Andrew Moran via Mises The United States was waiting for the […]

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Gold

Markets Under Economic Paralysis, Central Bank Hypnosis

There are just too many big players who want to see stocks higher, and bonds and gold “controlled”… by Michael Ballanger via Streetwise Reports One look at the chart of […]

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Gold

Silver Price Should Be 10x Higher

Ultimately, the free market decides the cost of everything… Mark O’Byrne on Palisade Radio Mark discusses the overall world economy and how China is evolving in manufacturing and a stronger […]

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Gold

Riots Are a Reminder that Police Don’t Protect You or Your Property

It is clear that most property owners and residents will have to fend for themselves where riots have taken place… by Ryan McMaken of Mises Institute Looting and arson have […]

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Gold

National debt nears $25.7 trillion – up $2.48 trillion since January 1

 

bar chart showing national over 25.5 trillion

Chart note: The additions to the national debt thus far this year have been nothing short of astonishing – $2.48 trillion since January 1, 2020 and $762 billion since May 1. One wonders how much debt the U.S. Treasury can place with private and international investors and how much will be financed via the Federal Reserve’s bottomless checkbook.

cartoon showing treasury bonds coming out of hand towel dispenser

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Gold

The rational case for $7000 gold by 2030

The Alchemist/Charlie Morris/June 2020

“It surprises many professional investors that gold has been the leading major asset class in the 21st century. It has beaten the US treasuries, US equities, developed market equities and emerging markets, even after accounting for dividends. $100 invested at the turn of the centur y has turned into $591.”

USAGOLD note:  Charlie Morris makes a case similar to the one we made several months ago under the banner Gold’s Century – While stocks dominated headlines gold quietly performedMorris concentrates on addressing the question “Why” and offers an appealing forecast while the USAGOLD report told “How” and concentrated on gold’s performance since the turn of the new century featuring the chart posted below.

bar chart showing gold annual returns through 5-22-2020

“For twelve consecutive years, gold was up every single year whether there were inflation fears, deflation fears; strong dollar, weak dollar; political stability, political instability. It didn’t matter – strong oil, weak oil. . . Gold went up for twelve years. . . When gold embarks upon its next move, I believe that you will see that long wave take gold relatively quickly, but it will be measured in years, up to a $3000 to $5000 target that I believe is fundamentally justified based on the facts we have today.” –– Thomas Kaplan, Electrum Group (Bloomberg’s Peer to Peer Conversations with David Rubinstein)

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Gold

screenshot of trading economics week ahead 6-1-20

Image courtesy of TradingEconomics.com