$1.5 QUADRILLION OF DERIVATIVES ARE NOW AT RISK… by Egon von Greyerz of Gold Switzerland “Next five years is not about winning but surviving.” This is the headline of an article […]
The post Egon von Greyerz: THE DEMISE OF THE FINANCIAL SYSTEM IS IMMINENT appeared first on Silver Doctors.
The Good Guys took so long to pull the trigger. It’s now much harder to make the transition… by Bix Weir of Road to Roota I’m back. Everyone in my […]
The post Bix Weir: ALERT! The Good Guys Took Too Long To Pull The Trigger, TROUBLE AHEAD! appeared first on Silver Doctors.
America is in a haze right now. It seems like half the country is in denial of the danger while the other half is awaking from apathy and frantically trying […]
The post From Quarantine To Tyranny To Rebellion: Where Is The Line In The Sand? appeared first on Silver Doctors.
President Donald Trump is going to give $1,000 checks to all Americans? Here’s what we know so far… by Chris Marcus via Arcadia Economics The latest economic response to the […]
The post Trump Wants To Send $1000 Checks To All Americans In Response To Coronavirus appeared first on Silver Doctors.
Credit Suisse/Zoltan Pozsar/3-17-2020
“The Fed needs to offer dollars on a daily frequency through the swap lines, and other central banks need to lend dollars on to both banks and non-banks. The Fed needs to broaden access to the swap lines to other jurisdictions as dollar funding needs are large in Scandinavia, Southeast Asia, Australia and South America, not just in the G-7. The dollar funding needs of both banks and non-banks is what’s at risk and the assets that are being funded are U.S. assets – Treasuries, MBS and credit – so the Fed has a vested interest.”
USAGOLD note: In short, the Fed must bail out the world and bail it out now or face the consequences, according to Mr. Pozsar in this panic memorandum……
Linkedin/Ray Dalio/3-16-2020
“I imagine many others in similar circumstances and what that will mean for economic activity and market prices, and that’s seriously worrisome. These are only a couple of things that I’m thinking about and I’m sure what I’m thinking about is only a small percentage of the financial disruptions that will happen. Remember that most investors and businesses are long (i.e. holding assets hoping that they will go up in price) on a leveraged basis (financed with debt) so that the declines in asset prices that we are seeing will have even bigger financial effects than the unlevered price declines that we are seeing.”
USAGOLD note: A must-read …… Dalio’s analysis and recommendations go beyond what can be summarized here. What he describes, though, is a situation that defies easy resolution. Though he does not mention gold ownership as a means to bridging the current crisis in this article, he has recommended it in the past with his firm, Bridgewater, saying at the beginning of the year the metal could surge to $2000 per ounce (See below). We would be surprised, under the circumstances, that he has changed his mind even with the price declining. Hopefully, we will hear more from Dalio (or Bridgewater) on this score soon.
Please see: Bridgewater sees gold rallying as central banks ease/Financial Times/1-14-2020
Seeking Alpha/Hebba Investments/3-16-2020
“While we were writing this article, the Federal Reserve made an emergency rate cut and introduced QE5 to try and add liquidity to markets. While we expected the rate cut, the QE was a surprise and despite that move markets are down significantly. Despite all of this it is important that investors don’t miss the forest for the trees. Despite the recent plunge in gold (and all assets) these events are actually extremely bullish. With the fall in gold we wanted to share one chart from a presentation we did earlier in the week – one that pretty sums up the case for gold.”
Sources: Hebba Investments, Congressional Budget Office ••••••• Click to enlarge.
“So on the one hand we have a currency backed by a government growing its debt at a much faster rate than its revenues, and the expectation is that that will be sped up as the government spends its way out of a crisis. On the other hand we have gold, which is going through a period in which discoveries and future production are expected to drop.
Which one would you rather own over the long term?”
The Investment of Kings and the King of Investments
From the small investor just starting out to the high-net-worth individual hedging a multi-million dollar portfolio, we have helped many thousands add precious metals to their holdings in our more than 45 years in the gold business – safely, economically and with the investor’s goals in mind.
No matter the size of your investment kingdom, we can help!
