Author Archive: GoldSilverWorlds

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Craig Hemke Exclusive: Physical Metals Demand Plus Manipulation Suits Will Break Paper Market

Craig Hemke Exclusive: Physical Metals Demand Plus Manipulation Suits Will Break Paper Market

Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason:  It is my privilege now to welcome in Craig Hemke of the TF Metals Report. Craig runs one of the most highly respected and well known blogs in the industry and has been covering the precious metals for close to a decade now, and he puts out some of the best analysis on banking schemes, the flaws of Keynesian economics and evidence of manipulation in the gold and silver markets. Craig, it’s great to have you back and thanks for joining us again today and, how are you? Craig Hemke: Mike, I’m fine thank you. It’s always […]

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Idaho Democrat Leader Brain Malfunction: “We Can’t Say Gold Is Going to Protect Us from Inflation When [It has Risen from] $27 an Ounce to $1,218 an Ounce”

| March 17, 2017 | Category: Price

The Dunning-Kruger effect is the idea that low-ability people tend to suffer from illusory superiority. The phenomenon, first studied by David Dunning and Justin Kruger, says that people who know the least tend to overvalue their own competence, and tend to believe that they are experiencing some sort of upper-echelon level of thinking. While the original study was conducted in 1999, we witnessed what appeared to be the Dunning-Kruger effect in action this past Tuesday on the floor of the Idaho House of Representatives. And while it’s only March, but we also have identified the front-runner for our “Aurophobe of the Year” award.  (Aurophobia is the irrational fear of gold.) During the March 14th floor debate […]

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Idaho House of Representatives Votes Overwhelmingly to Remove Income Taxation from Precious Metals

Boise, Idaho (March 14, 2017) – By an overwhelming 56-13 margin, the Idaho House of Representatives today voted to end all Idaho taxation on precious metals, e.g. gold and silver coins and bars. Bill sponsor Representative Mike Moyle (R) and the entire Republican caucus voted for the measure.  If the Republican-controlled Idaho Senate follows suit and Governor Butch Otter (R) signs the bill, Idaho citizens will better be able to use gold and silver as a form of savings which protects against ongoing devaluation of America’s currency. Backed by the Sound Money Defense League, Idaho Freedom Foundation, Money Metals Exchange, and grassroots activists, HB 206 expands Idaho’s existing sales tax […]

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Investor Optimism toward Washington’s Problem-Solving Abilities Is Misplaced

Investor Optimism toward Washington’s Problem-Solving Abilities Is Misplaced

The bullion markets offer their own commentary about conservatives’ state of mind since Donald Trump’s election. They are optimistic for the first time in years. Just look at the sales statistics from the U.S. Mint. Bullion. Coin sales have fallen sharply as investors see less reason to seek safe haven in the form of physical metal. During Obama’s presidency, and during the campaign when it looked as if Hillary might succeed him, conservatives and libertarians aggressively bought American Eagle coins and other bullion products. The mint set new sales records nearly every year. The mindset that drove the retail buying changed in November. Consider the February sales figures. Sales of […]

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States Consider Removing Income and Sales Taxes from the Monetary Metals

States Consider Removing Income and Sales Taxes from the Monetary Metals

Listen to the Podcast Audio: Your browser does not support the podcast player element. DOWNLOAD MP3 Precious metals markets can certainly be volatile from week to week, but over time they are a more reliable store of value than Federal Reserve Notes. Gold and silver remain the world’s most enduring and most widely recognized form of money. And, as spelled out in the U.S. Constitution, gold and silver coins are legal tender. Individual states thus can formally recognize gold and silver coins as legal tender alternatives to Federal Reserve Note dollars. Both Utah and Oklahoma have passed legal tender laws in recent years recognizing gold and silver as money. The […]

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A Whole New World of Gold Demand Is Opening Up… Muslims

A Whole New World of Gold Demand Is Opening Up… Muslims

Most analysis of gold and silver markets tends to be U.S.-centric. However, the next secular trend in precious metals markets may have less to do with U.S. debt, U.S. politics, the U.S. central bank, and the U.S. dollar and more to do with a gigantic new source of demand. It’s not the 1970s anymore. Back then, big moves in the metals markets were centered on United States. The great gold and silver mania of the late 1970s was driven by inflation fears and a rush of speculative demand. Although coin dealers struggled to keep up, there was no actual global shortage of physical metal, and spot prices crashed after manic […]

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Capital Controls May Be Coming to the US

Those who hoped President Trump would tone down his protectionist rhetoric will be unnerved six weeks into his tenure. From his meeting with business CEOs, Trump has put trade “front and center.” So far, all is going well for the president. Markets are inching higher, and inflationary forces have picked up. However, bringing back jobs and reducing the trade deficit will be a tougher task. (although jobs have set historic gains already) A Victim of His Own Success  Trump’s election unleashed the “animal spirits” that have been absent post-financial crisis. On the surface, this is good for the economy. The US is currently the only major country raising interest rates and enjoying […]

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PRECIOUS-Gold slips to 4-week low on Fed rate hike expectations

Reuters – LONDON, March 7, 2017 Gold hit a more than four-week low on Tuesday as the dollar strengthened and expectations for a U.S. interest rate hike this month weighed, though moves were muted ahead of key U.S. data this week. The precious metal has fallen in five out of the last six sessions as expectations for the Federal Reserve to push ahead with a U.S. rate increase this month ramped up. Spot gold was down 0.7 percent at $1,216.95 an ounce at 1445 GMT, having earlier touched its lowest since Feb. 3 at $1,216.19 an ounce. U.S. gold futures for April delivery were down $8.00 an ounce at $1,217.50. […]

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Michael Pento Exclusive: Markets Have Priced in Trump Getting EVERYTHING He Wants… What If He Doesn’t?

Michael Pento Exclusive: Markets Have Priced in Trump Getting EVERYTHING He Wants… What If He Doesn’t?

Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason: It is my privilege now to welcome in Michael Pento president and founder of Pento Portfolio Strategies and author of the book The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a money manager and who ascribes to the Austrian School of Economics and has been a regular guest on CNBC, Bloomberg, Fox Business News, and also the Money Metals podcast. Michael, it’s great to have you on with us again, and thanks so much for joining us today. Welcome back. Michael Pento: Thanks for having me back on […]

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Sound Money Is Rising at the State Level

Sound Money Is Rising at the State Level

Inflation is the most pernicious of taxes levied by our government. Officials systematically devalue the Federal Reserve Note “dollar,” then levy capital gains taxes on assets when their dollar price rises. The “gains” are largely illusory. Rising asset prices over time reflect the fact that the dollar buys less of everything. But the tax obligations triggered by this inflation are very real. Bills calling for the elimination of capital gains taxes on money, i.e. precious metals, have recently been introduced in both Idaho and Arizona. Money Metals Exchange president Stefan Gleason testified at the hearing and pointed out that “by taxing so-called gains on exchanging precious metals for devalued Federal […]

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Let’s Get Real: Why You Must Own Precious Metals

Let’s Get Real: Why You Must Own Precious Metals

It can be difficult, even for dyed-in-the-wool perma-bulls to hold onto precious metals, let alone buy more. We see the Dow trading above 20,000 (placing this into perspective, is that since 2000, the Dow is up around 65% versus gold’s 300%), gold and silver currently languishing below multiple “resistance” points; suspended just above a couple of “support” lines. For long-suffering holders, it feels like the fabled Sword of Damocles dangling over their head, suspended by that proverbial single strand of hair. If you fit the above description, the following chart should provide good cheer. You’ll notice that since 1925, a few years before the Great Depression, up until the current […]

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Will Gold Prices Finally Pull Back or Continue Marching Ahead?

Will Gold Prices Finally Pull Back or Continue Marching Ahead?

Gold prices are up more than 11% since bottoming last December. Their gains last week took the gold market right up to its 50-week moving average. In 2015, attempted rallies reversed at the 50-week moving average. Could this level once again serve as a barrier to further price advances? Either way, long-term gold bulls shouldn’t sweat this particular technical level. Major bull markets need to pull back and reconsolidate periodically. Whether that starts happening this week, or later on at higher price levels, a downturn of some magnitude is inevitable. One indicator that may be pointing toward a pullback sooner rather than later is the negative divergence in gold mining […]

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David Morgan Exclusive: Watch What Happens When Silver Hits $26…

David Morgan Exclusive: Watch What Happens When Silver Hits $26…

Mike Gleason: It is my privilege now to welcome in our good friend David Morgan of The Morgan Report. David, thanks so much for joining us. It’s great to have you on, as always. How are you doing so far here in 2017? David Morgan: I’m doing pretty good, Mike. It’s great to be on your show. Thank you very much. Mike Gleason: Well, as we begin here, David, we’re off to another solid start to the year in the precious metals markets. Things look quite similar today to where they did a year ago. We also saw some early momentum in 2016. So, what have been the key drivers, […]

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Europe Eyes Sweeping Cash Ban: Are Gold & Silver Next?

Europe Eyes Sweeping Cash Ban: Are Gold & Silver Next?

The global war on cash continues. The cabal of bankers seeking more transaction fees, busybody political leaders, and central bankers who want to experiment with negative interest rates recently threw India into turmoil by eliminating the two largest denomination bank notes. Now they are preparing a similar assault on Europeans’ ability to transact privately and without giving bankers a cut. European Union officials just published a “Proposal for an EU Initiative on Restriction on Payments in Cash.” Predictably, the restrictions are being sold to citizens as a means of fighting terrorism – much like a host of other privacy and liberty-destroying power grabs in recent decades. This despite a telling […]

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