The central bank is heavily increasing the quantity of money while economic output contracts—Isn’t that inflationary? by Thorsten Polleit via Mises In an effort to “fight” the consequences of the […]
The post How All That Extra Stimulus Money Could Lead to Price Inflation appeared first on Silver Doctors.
The people find themselves in the middle of numerous wars, including the relatively new war on coronavirus and the economic war on China… by Brandon Smith via Alt-Market “Actually, as […]
The post China’s Covid Cover-Up, Economic War And The Elites Who Benefit appeared first on Silver Doctors.
Charles Hugh Smith joins us today to discuss the economic reality on Main Street that’s totally disconnected from Wall Street. From the abrupt loss of jobs, to a consumer that’s […]
The post Wrenching And Immediate Jobs Problem, Just As Consumer Prices Must Rise appeared first on Silver Doctors.
Right now gold is seeing a strong bid. There has never been a better opportunity for people to reject the pronouncements and solutions of… by Tom Luongo via Strategic Culture […]
The post Cash is Trash, Especially for the Post-COVID World appeared first on Silver Doctors.
The good kind of storm, by the way… By Matt from Silver Fortune via Silver Fortune The good kind of storm, by the way…
The post The PERFECT STORM For Silver Is Arriving appeared first on Silver Doctors.
Seeking Alpha/Calvin Ayre/5-1-2020
“The Bank of Nova Scotia (BNS) is listed as one of 12 market-making members of 143 total of the London Bullion Market Association. No longer. The bank is closing its metals trading desk, shutting it down entirely. Not selling it or otherwise offloading it, just simply ending it. It will be very interesting to see the bank’s next earnings report on May 26 to see how much losses it suffered in the gold futures market this quarter. Something tells me the losses will be quite large. Otherwise, the bank wouldn’t be scrapping the entire operation without getting a penny for it.”
USAGOLD note: Some fascinating conjecture on what might have happened with the Bank of Nova Scotia’s gold trading business and the impact its closure might have on the rest of the market.
Financial Sense/Jim Puplava interview/4-29-2020
“So now we’re in a situation where if something very drastic is not done and done quickly to get money into the hands of everybody, we’re going to go into a massive deflation, maybe even a dirty 1930-style depression. This is my opinion; I think they’re going to do the much-heralded helicopter drop of money. There’s been talk about debt jubilees. I think we’re going to see a situation where the broad economy is simply flooded with liquidity. And that is going to have profound implications for inflation going forward.”
USAGOLD note: Jim Puplava’s interviews are always worth digesting, as he tends to bring out the best in his interview guests. In this one, he draws some interesting comments and analysis from Keith Barron, the chairman and CEO of Aurania Resources.
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“We sometimes forget that inflation is a process rather than an event. One of the better-known examples of that axiom is the nearly two centuries-long debasement of Rome’s silver denarius – an inflationary episode Jack Whyte, a writer of historical fiction, skillfully addresses in his latest novel, The Burning Stone ……
Over the long run, gold in the modern era has maintained its purchasing power as it did in Roman times, while the dollar, like the denarius, has been steadily debased. So it is by the circuitous route just taken, you now know how Jack Whyte’s depiction of the Roman inflation in The Burning Stone reinforces the argument for gold ownership today. It also explains why we went to the trouble of presenting a review of this intriguing book in our monthly newsletter.”
March 2020 edition of our monthly newsletter
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