Author Archive: GoldSilverWorlds

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Chris Martenson: Make Yourself More Self-Sufficient NOW, While It’s Still Easy…

Chris Martenson: Make Yourself More Self-Sufficient NOW, While It’s Still Easy…

Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason: It is my privilege now to welcome in Dr. Chris of PeakProsperity.com, and author of the book Prosper! How to Prepare for the Future and Create a World Worth Inheriting. Chris is a commentator on a range of important topics such as global politicals, financial markets, governmental policy, precious metals and the importance of preparedness among other things. And it’s always great to have him with us. Chris, welcome back and thanks so much for joining us again. Chris Martenson: Thank you. It’s a real pleasure to be with you today, Mike, and all of your listeners. […]

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Government Insolvency Gets Harder to Ignore

Government Insolvency Gets Harder to Ignore

Several U.S. states and the federal government are hopelessly insolvent. It’s something many bullion investors have known for years. The real question is when this reality will pierce the mainstream illusion that deficits, and the crushing pile of debt which accompany them, don’t matter. That moment drew closer last week when ratings agencies downgraded Illinois state bonds to one notch above “junk” status. S&P and Moody’s dropped the state’s creditworthiness rating to BB+/Baa3 – the lowest ever for a U.S. state. Illinois currently has $14.5 billion in unpaid bills and a government deadlocked over forming a new budget. That stack of bills represents a whopping 40% of the state’s operating […]

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The Commodity Cycle: What It Means for Precious Metals Prices

The Commodity Cycle: What It Means for Precious Metals Prices

The cycle for any commodity follows the same basic pattern… When prices are low, production falls. As new supplies diminish, the market tightens and prices move higher. The higher prices incentivize producers to invest in production capacity and increase output. Eventually, the market becomes oversupplied, prices fall, and the cycle starts all over again. Of course, this is a simplified model of what drives commodity cycles. Booms and busts can be amplified and extended by speculators, by unexpected shifts in demand, or even by interventions from central banks and governments. Regardless of the causes, commodity markets will always be cyclical in nature. Commodities as a group can be pressured upward […]

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Trump Turmoil Grows, Prompting Flight to Safety

Trump Turmoil Grows, Prompting Flight to Safety

Donald Trump has been dogged by efforts to undermine his presidency since winning the election in November. Deep State operators and political partisans have been working around the clock to hang a scandal around the president’s neck large enough to ruin him. If markets are any indication, they got some help last week from former FBI director James Comey. Comey’s leaked memo asserting the president tried to interfere with the investigation of Michael Flynn, the former National Security Advisor, prompted a selloff in stocks and a boost in precious metals. Democratic Congressman Al Green became the first in Congress to actually call for impeaching the president on the House floor. […]

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UPDATE: Arizona Ends Income Taxation on Gold & Silver Coins

**For immediate release** Arizona Ends Income Taxation on Gold & Silver Coins Arizona Governor Doug Ducey Greenlights House Bill 2014, Removing Income Tax from Certain Precious Metals at the State Level   Phoenix, Arizona (May 23rd, 2017) – Sound money advocates rejoiced today as House Bill 2014 became the law in Arizona. HB 2014, which passed in the Arizona state Senate on May 10th by a margin of 16-13, removes all income taxation of precious metals coins at the state level. Under House Bill 2014, introduced by Representative Mark Finchem (R-Tucson), Arizona taxpayers will simply back out all “gains” and “losses” on any precious metals that are in legal tender […]

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David Smith: It’s Better to Buy Gold & Silver When It DOESN’T Feel Good

David Smith: It’s Better to Buy Gold & Silver When It DOESN’T Feel Good

Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason: It is my privilege now to welcome back David Smith, Senior Analyst at The Morgan Report and regular contributor to MoneyMetals.com. David, thanks for joining us again. How’ve you been sir? David Smith: Very good Mike, it’s great to be back. Mike Gleason: Well, before we get into other topics such as the Silver Institute’s latest report on the silver market and also the article you wrote for us recently on digital currencies, crypto-currencies, and so forth, I first want to have you set the stage here on where we are and where we’ve been in the […]

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Arizona Legislature Ends Income Taxation on Gold & Silver

**For immediate release** Arizona Legislature Ends Income Taxation on Gold & Silver By Jp Cortez Phoenix, Arizona (May 10th, 2017) – Sound money advocates scored a major victory today when the Arizona state senate voted 16-13 to remove all income taxation of precious metals at the state level. The measure heads to Governor Doug Ducey, who is expected to sign it into law. Under House Bill 2014, introduced by Representative Mark Finchem (R-Tucson), Arizona taxpayers will simply back out all precious metals “gains” and “losses” reported on their federal tax returns from the calculation of their Arizona adjusted gross income (AGI). If taxpayers own gold to protect themselves against the […]

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The Blockchain: A Gold and Silver Launchpad?

The Blockchain: A Gold and Silver Launchpad?

A new day is dawning for precious metals. Gold and silver – the world’s oldest money – are “connecting” with the newest money, digital cryptocurrencies. The final outcome of this nexus is unpredictable, but it is foolhardy to ignore what is taking place. Central governments around the globe have waged, against their own citizens, a virtual “War on Cash.” Efforts by Sweden to become “cash-free;” progressive “downsizing” of Eurozone currency units; a currency recall in India that affected 1.3 billion people; solemn talk about eliminating $100 and even $50 bills in the U.S. – all in the supposed fight against “drug dealing and tax evasion.” It’s really about people control. […]

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Are there any patterns between trading gold, and betting markets?

Trading gold and betting markets; not particularly two things that you would really associate with each other. They operate in different markets and the profiles of the people who do each often differ vastly; however despite these differences, there are actually some trends and patterns that run true in both. The prospect of financial gain As with any investment or money staked on a certain event or circumstance, the main motivation for both trading gold and betting is often financial gain. With gold there are a huge number of people and businesses who are there to offer you advice when it comes to trading. These companies provide tips and assistance […]

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Are Gold Traders Too Complacent?

Are Gold Traders Too Complacent?

While geopolitical events continue to create market anxiety, gold prices are unlikely to surge higher according to the options market.  In fact, gold options volatility, reflected by the CBOE’s gold implied volatility index GVZ, is nearing a 7-year low, which was last hit, in mid-March.  Current levels reflect market complacency. While it appears that gold prices are sliding sideways waiting for the next impetus to drive them higher or lower, the decline in implied volatility ahead of the French and British elections in May and June respectively reflect that gold option traders believe the status quo is the likely outcome. Just as a refresher, implied volatility is the markets estimate […]

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Gold “Trumps” Dollar amid geopolitical concerns

Gold is always considered as a safe haven by investors when compared to other investments like stocks, bonds, and currencies. Extending its recent upward trend, Gold prices have gained 6.5% year-to-date with Spot gold price reaching its five-month closing high of $1,288.50 an ounce. Due to the recent geopolitical concerns and uncertainty prevailing in the US economic policy under Trump administration, precious metals are seeing a revival in demand amidst investors. Spot Gold price was expected to reach up to $1300 as it surged intra-day to $1297. Also, the dollar index consolidated losses and fell below its key 101 level to reach 99.499 as of 18th April 2017. Fed Chair […]

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Another Potential Government Shutdown… Oh My!

Another Potential Government Shutdown… Oh My!

The U.S. Congress runs up against their self-imposed borrowing limit once again this week. During the last tussle over the borrowing cap in October 2015, Congress agreed to schedule this week’s political theater to occur well after last Fall’s elections. They didn’t even bother to guess how much additional headroom would be needed. They just suspended the debt limit altogether. Neither Democratic nor Republican leadership wanted voters focused on borrowing and spending when they went to the polls. Government employees can count on eventually getting paid for any time they are furloughed. When the show is over, most in Congress will agree to saddle taxpayers (and their kids) with a […]

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Frank Holmes Exclusive: Gold Could Hit $1,500 in 2017 Amid Imbalances & Weak Supply

Frank Holmes Exclusive: Gold Could Hit $1,500 in 2017 Amid Imbalances & Weak Supply

Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason: We are fortunate today to be joined again by Frank Holmes, CEO and Chief Investment Officer at US Global Investors. Mr. Holmes has received various honors in recent months including being named America’s Best Fund Manager for 2016 by The Mining Journal and received two more Lipper awards just last month in both the three year and five year precious metals equity funds categories. He’s 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, […]

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The Government Made a Mess They Can’t Clean Up

The Government Made a Mess They Can’t Clean Up

When I was a boy, I remember watching Richard Nixon on August 15, 1971 announce a complete “freeze” on “all wages and prices.” In today’s terms that’s what I’d call an attack on the free market. At first, his price freeze sounded quite generous for consumers. You’d not see the price of your gas or milk creep up. Sounded like a win-win. At the time, 75% of Americans, including my mother, thought price controls were a wonderful idea. She changed her mind only a few weeks later. During his speech that August night, Nixon severed ties between gold and the dollar. The gold standard ended. No longer would dollars need […]

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