Author Archive: GoldSilverWorlds

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Ethereum vs. Tangibleum: Why Cryptocurrencies Can Never Replace Physical Gold

Ethereum vs. Tangibleum: Why Cryptocurrencies Can Never Replace Physical Gold

Article provided by our good friends at Hard Assets Alliance. By Shannara Johnson – August 3, 2107 On June 11, 2017, Bitcoin reached its all-time high of $3,025.47… followed by a 27.7% plunge only four days later. By July 12, it had lost a total of $12 billion off its value within a month. Ethereum, another popular cryptocurrency, increased its market share from a mere 5% at the beginning of the year to a breathtaking 30% in June, only to plummet 65% from its record-high by mid-July. One man who wouldn’t be surprised in the least by this insane level of volatility is Raoul Pal, founder of the monthly investment […]

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Raising the Debt Ceiling Means Jacking Up Future Inflation

| August 2, 2017 | Category: Economy
Raising the Debt Ceiling Means Jacking Up Future Inflation

The dramatic failure of the U.S. Senate’s last-ditch Obamacare repeal effort leaves Republicans so far without a major legislative win since Donald Trump took office. No healthcare reform. No tax reform. No monetary reform. No budgetary reform. The more things change in Washington… the more they stay the same. Despite an unconventional outsider in the White House, it’s business as usual for entrenched incumbents of both parties. The next major order of business for the bipartisan establishment is to raise the debt ceiling above $20 trillion. Since March, the Treasury Department has been relying on “extraordinary measures” to pay the government’s bills without breaching the statutory debt limit. By October, […]

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Preparing to Barter and Trade Is NOT a Loony Idea

Preparing to Barter and Trade Is NOT a Loony Idea

Let’s start with this fact; fiat (paper) currencies die – often spectacularly. That is why precious metals may someday be needed for barter and trade. Anyone who thinks it is silly to worry about such a thing is putting blind faith in Federal Reserve Notes. The U.S. dollar is having a great run, no question. It will soon be 50 years since Nixon closed the gold window, thereby converting the dollar to a purely fiat currency. Five decades is longer than most purely fiat currencies survive. Humans carry a normalcy bias. That helps explain why so many assume the unbacked Federal Reserve Note, which has served so long as our […]

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A Weaker US Economy Could Result in Strong Gold Rally

A Weaker US Economy Could Result in Strong Gold Rally

Article provided by our friends at Hard Assets Alliance. By John Grandits – July 28, 2017 One possible effect of the “America First” approach the Trump Administration vowed to take was a weaker US dollar. Shortly after we wrote about this earlier this year, the dollar index began a steady march lower, retreating 7% in just five months, from 102 in March to its current level of 95. Not surprisingly, gold has risen almost 10% in US dollar terms during this time. As recently as six months ago, many investors expected the dollar to continue its rally of the past few years based on stronger economic growth, via Trump’s agenda […]

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Frank Holmes: Silly Money Printing, Negative Real Interest Rates, & Restricted Supply Form a “Great Scenario for Gold”

Frank Holmes: Silly Money Printing, Negative Real Interest Rates, & Restricted Supply Form a “Great Scenario for Gold”

Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason (Money Metals Exchange): It is my privilege now to welcome in Frank Holmes, CEO and Chief Investment Officer at U.S. Global Investors. Mr. Holmes has received various honors over the years, including being named America’s Best Fund Manager for 2016 by the Mining Journal. He is also the co-author of the book The Goldwatcher: Demystifying Gold Investing. And is a regular guest on CNBC, Bloomberg, Fox Business, as well as right here on the Money Metals Podcast. Frank, welcome back and thanks for joining us again today. How are you? Frank Holmes (U.S. Global Investors): Outstanding. Mike […]

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GOP Leadership Betrays Trump Voters on Obamacare & Debt

GOP Leadership Betrays Trump Voters on Obamacare & Debt

The single-digit approval rating of Congress means precious few people still expect much from the politicians running Washington DC. Expectations should now ratchet even lower as representatives once again demonstrate just how far their words are from their deeds. We’ll start with healthcare. The U.S. Senate failed in yet another effort to repeal and replace Obamacare. The prospects for reform any time soon are approaching zero. Voters opposed to the skyrocketing premiums, the ballooning federal expenditures and the huge expansion in government control associated with the Affordable Care Act are bewildered. The program is an obvious train wreck. Republicans in Congress spent years telling everyone willing to listen that repeal […]

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Exclusive Interview with Axel Merk on Diversifying with Gold & Cash

Exclusive Interview with Axel Merk on Diversifying with Gold & Cash

Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason (Money Metals Exchange): 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 highly sought-after guest at financial conferences and on news outlets throughout the world, and it’s great to finally have him on with us. Axel, it’s a real pleasure to speak with you, and thanks for joining us today. Axel Merk (Merk Investments): Great to be with you. Mike Gleason: Now, as we start off, you recently wrote a piece about complacency in the markets. We are […]

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Gold Prices Fall To The Thrill Of Investors

Gold Prices Fall To The Thrill Of Investors

The price of gold fell to a new low during the first week of July according to several reports that claim the decrease in value is due to a strong job market and the expectations of higher interest rates in the United States. August gold fell by $13.60, which is the equivalent of a 1.1 percent decrease in value. Such rate is the lowest since March when prices dropped by 2.6 percent. Silver also experienced its share of decline with initial values falling by as much as 10 percent on Friday (July 7). There was eventually a reversal in the numbers that increased September silver’s value from its original price […]

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Subprime Auto Loans Up, Car Sales Down: Why This Could Be Good for Gold

BY SHANNARA JOHNSON Provided by Hard Asset Alliance The latest monthly motor vehicle sales report released on July 3 paints a grim picture for US car sales. Overall June sales dropped by 3% compared to June of last year—the sixth successive month of lower year-over-year sales. General Motors, Ford, and Fiat Chrysler were among the greatest losers with declines between 4.7% and 7%. Japan’s top sellers fared a little better, with Nissan seeing 2% growth and Toyota a 2.1% gain. Economists and Street pundits seem to be stumped as to why Americans are so reluctant to buy cars. Hypotheses that are being bounced around range from tight credit markets to […]

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Commodity Cycle Upturn to Lift Precious Metals Prices

Commodity Cycle Upturn to Lift Precious Metals Prices

Safe-haven demand for physical precious metals came in soft through the first half of the year as a rising stock market reinforced investor optimism toward the economy. U.S. stocks are expensive by just about every valuation measure you can think of – price/earnings, price/sales, dividend yield, total market capitalization as a percentage of GDP, etc. Even Fed chair Janet Yellen remarked recently that equity valuations appeared “rich.” The inverse of the extreme overvaluation in equities is the extreme relative cheapness of hard assets. Commodity indexes entered the summer at generational lows in real terms. The perception has been that the world is awash in plentiful, cheap oil. Just a few […]

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Chris Powell: Futures Markets Give High-Volume Trading Discounts to Governments

Chris Powell: Futures Markets Give High-Volume Trading Discounts to Governments

Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason (Money Metals Exchange): It is my privilege now to welcome in Chris Powell, Secretary-Treasurer at the Gold Antitrust Action Committee, also known as GATA. Chris is a long-time journalist and hard money advocate, and through his tireless efforts at GATA he is working to expose the manipulation of the gold and silver markets. Through GATA’s work over the years. Some important revelations have come to light, which quite honestly should concern everyone. It’s great to have him back on with us. Chris, how are you, and thanks for taking the time to talk with us today. Chris […]

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The Real Indian Currency Crisis (Things You Don’t Hear In The News)

Article provided by Hard Asset Alliance. By Jayant Bhandari On November 8, 2016, Indian Prime Minister Narendra Modi dropped a bombshell. In a televised address at 8:00 pm, he declared that after midnight—four hours later—banknotes with face values of INR500 (US$7.50) and INR1,000 (US$15) would no longer be legal tender. These bills comprised 86% of the monetary value of currency in circulation, so to say that panic ensued would be an understatement. The market stayed open all night as people rushed to buy gold, Rolex watches, and anything else they could get their hands on to use up their cash. During the next two weeks, gold traded for as much […]

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A North Korean EMP (Electro Magnetic Pulse) Attack: The Dark Possibility

Article compliments of Hard Assets Alliance. By Shannara Johnson As the tension between North Korea and the US continues to grow, the possibility of war is rapidly evolving into a probability. Now some military experts worry that an attack via EMP (electromagnetic pulse) on the US mainland might be a feasible option for Pyongyang. The signs are certainly there: Having recently completed the ninth missile test of 2017, Kim Jong-un promised to send the US an even bigger “gift package.” Adding to Kim Jong-un’s antics and inflammatory rhetoric, the recent death of American college student Otto Warmbier after his 17-month imprisonment in North Korea has certainly fanned the flames of […]

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Fed Officials Say More Hikes Are on The Way, Markets Disagree

Fed Officials Say More Hikes Are on The Way, Markets Disagree

Federal Reserve Chairwoman Janet Yellen says she is planning more hikes in the Fed funds rate, but you wouldn’t know it by watching the markets. So far, the response in foreign exchange, bonds, and equities isn’t what people expected. Markets have always been notorious for behaving unpredictably. But in an age when central bankers micromanage virtually all markets, the behavior could be the result of careful planning. Maybe the recent market action was only unpredictable for those of us outside of the FOMC conference room. Officials hiked rates in December, March, and June. Despite that the U.S. dollar has fallen to its lowest levels in more than a year. The […]

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