Author Archive: GoldSilverWorlds

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How the C-Factor Could Decimate 2020 Global Gold and Silver Production

How the C-Factor Could Decimate 2020 Global Gold and Silver Production

Item: March 16, 2020. A huge poly-metallic (gold, silver, copper) mining operation in Mongolia “has suspended operations” after authorities “restricted the movement of goods and people within the country.” Item: March 17. In Peru, one of the world’s largest primary silver-gold producers has its 4 mines “temporarily suspended” following the Government’s Declared State of Emergency. Item: March 18. A Canadian mining major suspends construction of a $4.7b copper mine upgrade in Chile affecting 15,000 workers. Item: March 20. Argentina declares a state of emergency and imposes “a nationwide mandatory quarantine starting today.” Silver and gold mines across the country move to halt operations, except for “a reduced workforce to ensure appropriate safety, security and […]

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Physical Demand Wreaks Havoc on Futures Exchanges

| March 30, 2020 | Category: Trading
Physical Demand Wreaks Havoc on Futures Exchanges

In recent days, retail demand for physical bullion has tapered only slightly from the frenetic pace of the prior two weeks. Many of Money Metals’ major retail competitors appear to be facing big challenges obtaining enough inventory of coins, bars, and rounds and fulfilling orders timely. To be fair to the struggling dealers, buyers have vastly outnumbered the sellers for weeks, despite the big jump in premiums. By virtue of having its own in-house fulfillment operation combined with strong capitalization and sourcing, Money Metals seems to be well positioned in terms of securing stock and fulfilling orders quickly – and we have not been refusing orders from smaller customers while […]

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Fed President Declares: “No End in Our Ability to Print Money…and Congress Has Told Us To.”

Fed President Declares: “No End in Our Ability to Print Money…and Congress Has Told Us To.”

The roller coaster ride in markets took a sharp turn higher this week after the Federal Reserve and Congress together pledged over 6 trillion dollars to rescue the financial system. Perhaps this week was an inflection point for the mass fear and panic that has cleared out bullion dealers of coins and grocery stores out of toilet paper.  Although the number of coronavirus cases hasn’t yet peaked, there are some signs that the hysteria surrounding the deadly outbreak has. The stock market finally put together a sustained rally even though the economy remains locked down.  But how can equities jump without the impetus of actual earnings from business operations?  The […]

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Amid Gold and Silver Shortages, a Top U.S. Dealer Introduces a Low-Cost Gold and Silver Offering

Eagle, ID – March 26, 2020 — While other precious dealers are sold out of most inventory, Money Metals Exchange, the national online dealer voted “Best in the USA,” today introduced its new Vault Metals program.  This unique initiative would make precious metals available to investors at very low premiums (silver at $1 or less over spot, for example). Here’s what’s happening… Recent days’ intense market demand has quickly soaked up virtually all available worldwide supplies of hold-in-your-hand silver – rounds, coins, and bars. Gold coins, rounds, and bars have become scarce, too, especially for less-prepared or under-capitalized dealers. These shortages mean that even though spot prices may be lower, most […]

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Urgent Questions about Precious Metals during the Coronavirus Crisis

| March 26, 2020 | Articles: General
Urgent Questions about Precious Metals during the Coronavirus Crisis

Article Source: Money Metals Exchange The past few weeks have brought unprecedented volatility to the bullion market. In addition to wild swings in spot prices, Money Metals has experienced a massive surge in demand and extreme strain on supply, leading to a spike in premiums (on both bids and asks). These are stressful times for everyone, to be sure. But precious metals investors can rest assured physical bullion has always, and will continue to, represent real value during turbulent times. Case in point, while virtually all other assets have crashed, gold has stayed firm near its recent highs. Many longtime gold and silver holders – as well as potential new […]

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Short Supply and High Gold/Silver Premiums, But There IS a Solution…

Short Supply and High Gold/Silver Premiums, But There IS a Solution…

A huge spike in demand for physical precious metals has decimated available dealer inventories. The vast majority of gold and silver coins, rounds, and bars are either out of stock or come with extended shipping delays. Premiums are spiking higher. Dealers have raised bid premiums – the amount offered above the spot metal price – dramatically along with ask premiums. The market is still searching for equilibrium and bids dealers pay may need to go even higher to entice enough sellers to meet demand. Demand continues to far outstrip available supply of minted items. The problem is being compounded as mints and refiners close in response to the COVID-19 virus. […]

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Gold Price Relationship to the Economy

| February 25, 2020 | Category: Economy
Gold Price Relationship to the Economy

Too often, you will hear people talk about how the economy affects gold prices and not how gold prices affect the economy. However, whether you are a gold collector, investor, or merely interested in this subject, it is vital to understand why gold prices matter and have a 360-degree image of the precious metals. Whenever there is a crisis in the economy, the prices of gold always seem to benefit. Currently, the Brexit uncertainties are the primary concern, and studies have shown that the prices of gold might surge to $5000 in 2020. The prices of gold in 2020 are still holding on to strong gains, and recently, the Federal […]

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Michael Rivero Discusses a Deep State Coup Attempt & How Hillary Might Sneak into the Election

| February 21, 2020 | Articles: General
Michael Rivero Discusses a Deep State Coup Attempt & How Hillary Might Sneak into the Election

Mike Gleason: It is my privilege now to welcome back Michael Rivero, founder and editor of WhatReallyHappened.com. Michael hosts a daily radio show and covers geopolitics, financial markets and many other topics like few others can and it’s always great to have him on with us. Michael, thanks for joining us again. How are you? Michael Rivero: I’m doing fine, and thank you very much for having me on your show. Mike Gleason: Yeah, it’s been quite a while since we last talked, and I’m super excited to have you back on and hear your thoughts on a number of topics here. Now, for starters, this is shaping up to be a tumultuous year, […]

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Getting on Board the Silver Express!

Getting on Board the Silver Express!

Over the last half year or so, a number of analysts, well-heeled individuals, and mega-hedge fund managers have been taking a shine to silver. So far the “restless metal” hasn’t been letting on that it’s noticed. It’s understandable why someone who either has not yet begun to commit funds to building a physical silver position – or who has not completed his or her ownership program – might think it best to wait and see if the price starts rising, thus validating the silver bulls’ call. But this kind of strategy could end up being a big financial mistake on several counts. And worse yet, Mr. Market could decide to […]

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U.S. Senators Bash Gold during Fed Confirmation Hearings

| February 18, 2020 | Category: Economy
U.S. Senators Bash Gold during Fed Confirmation Hearings

The U.S. Senate weighed the issue of pegging the currency to a gold standard last week. Not surprisingly, the mere mention of gold ruffled the feathers of some Senators. More on that in a moment. In recent days, the monetary metals have contended with a rising U.S. dollar versus foreign currencies, a familiar story. The Dollar index has risen steadily since the beginning of the year and got an added boost from fears over the China virus outbreak. The USDX is now close to taking out its 2019 high, although it may be getting overbought near term. We have already seen most major commodities including copper and crude oil come […]

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THIS Is What a Run on the Bank for Precious Metals Looks Like…

THIS Is What a Run on the Bank for Precious Metals Looks Like…

The explosive price action seen in palladium recently is indicative of a physical shortage. Put simply, available inventories are failing to keep up with demand (largely from the automotive industry). According to Refnitiv GFMS, the palladium market will be under-supplied by 883,000 ounces this year. Stresses on the physical market are showing up in spiking lease rates, illiquidity, widening bid/ask spreads, and disconnections between quoted spot prices and actual physical prices. Most importantly, the deficit in palladium supply is manifesting in the form of rising prices. Palladium hit a record, briefly touching the $2,500 level last month. And despite selling off a little in recent days, Bank of America Securities […]

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Axel Merk: Fed to Stimulate in Any Crisis; Don’t Let Short-Term Events Bother You

| February 7, 2020 | Category: Economy
Axel Merk: Fed to Stimulate in Any Crisis; Don’t Let Short-Term Events Bother You

Mike Gleason: It is my privilege now to welcome in Axel Merk President and Chief Investment Officer of Merk Investments and author of the book Sustainable Wealth. Axel is a well-known market commentator and money manager and is a highly sought-after guest at financial conferences and on news outlets throughout the world and it’s always great to have him on with us here on the Money Metals Podcast. Axel, it’s a pleasure to have you back and thanks for joining us again. Welcome. Axel Merk: Good to be with you. Mike Gleason: Well, I’d like to start by getting your take on the coronavirus since that has been dominating headlines in recent days. There is […]

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Gerald Celente Speaks Out on Iran, Coronavirus, Gold and Global Protests

| February 5, 2020 | Articles: General
Gerald Celente Speaks Out on Iran, Coronavirus, Gold and Global Protests

Mike Gleason: It is my privilege now to welcome back the one and the only Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is a frequent guest here on the Money Metals podcast and perhaps is the most well-known trends forecaster in the world and it’s always great to have him on with us. Gerald, thanks for the time again today. I guess we can still say happy new year. Welcome back to you. Gerald Celente: Well thank you and thank you for your kind words. Mike Gleason: Well, Gerald, here we are at the start of another year and a new decade also. At the start of the last decade in […]

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Central Banker Pull Out Their Monetary Bazookas to Try to Avert a Coronavirus Crash

Central Banker Pull Out Their Monetary Bazookas to Try to Avert a Coronavirus Crash

The emerging coronavirus pandemic is already crimping global commerce. In response, the S&P 500 has thus far put in two weeks’ worth of declines (the index fell 2.1% last week) since making new highs to start the year. Even though the U.S. stock market hasn’t even entered a true “correction” phase yet, Wall Street is already clamoring for more Fed stimulus. Mainstream stock market mavens figure the central bank will step in to limit downside – and they are probably right. Following the Federal Open Market Committee’s decision on Wednesday to keep rates unchanged, Fed Chairman Jerome Powell said he is “carefully monitoring the situation” with regard to the Chinese […]

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