Author Archive: GoldSilverWorlds

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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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Jim Rickards: China Disaster to Trigger Gold Run, Trump to Appoint 5 of 7 Fed Governors

Jim Rickards: China Disaster to Trigger Gold Run, Trump to Appoint 5 of 7 Fed Governors

Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason (Money Metals Exchange): It is my great privilege to be joined now by James Rickards. Mr. Rickards is editor of Strategic Intelligence, a monthly newsletter, and Director of the James Rickards Project, an inquiry into the complex dynamics of geopolitics and global capital. He’s also the author of several bestselling books including The Death of Money, Currency Wars, The New Case for Gold, and now his latest book The Road To Ruin. Jim is a portfolio manager, lawyer, and renowned economist having been interviewed by CNBC, the BBC, Bloomberg, Fox News, and CNN, just to name a […]

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The Best Reasons to Buy Gold in the Age of Trump

| February 22, 2017 | Articles: Insights
The Best Reasons to Buy Gold in the Age of Trump

Notwithstanding the strong demand for gold and silver globally, buying activity in the U.S. retail market for physical bullion has fallen noticeably in the wake of Donald Trump’s election victory. And retail selling in the U.S. has increased. The bullion markets have entered a new phase. The two terms of President Obama included the aftermath of the 2008 financial crisis, zero interest rate policy from the Federal Reserve, and multiple rounds of Quantitative Easing. Reasons to buy gold and silver were plentiful. Today, the reasons to diversify into gold and silver are as strong as ever, but they’re perhaps less obvious to the average retail buyer in the U.S. Many […]

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How Does the DOW Reaching 20,000 Affect Gold Prices?

The Dow industrial average reached the 20,000 mark last week for the first time in history. It’s all very exciting. But what does that actually mean? Is it something that really matters to investors? Would that matter whether you are investing in stock or precious metals like gold? The answer to the last two questions is a resounding yes. The Milestone Points to a Healthy Economy The Dow reaching 20,000 mark means that the economy is doing better than it did following the crash in 2009 and 2010. The stock market indices are doing better now than ever. In the last handful of years, the private sector has reaped enormous […]

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Stock Market Highs Make Strong Case for Precious Metal Buys

| February 1, 2017 | Category: Economy
Stock Market Highs Make Strong Case for Precious Metal Buys

Dow 20,000 was ushered in with great fanfare. Traders on the New York Stock Exchange sported “Dow 20,000” hats. Even President Donald Trump joined the celebration. Trump told ABC News he was “very honored” that the stock market gave his presidency a symbolic vote of confidence. “Now we have to go up, up, up. We don’t want it to stay there,” he said. Everyone loves a bull market. Expecting stocks to go up forever, however, is a dangerous mindset to have as an investor. Recent history suggests that major milestones for the Dow should be viewed less as cause for celebration and more as warning signs. What 1999 Can Teach […]

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