Author Archive: GoldSilverWorlds
Jp Cortez: Sound Money State Index Identifies Friends & Enemies of Precious Metals Investors
Mike Gleason: It is my privilege now to welcome in JP Cortez with the Sound Money Defense League, a nonpartisan national public policy organization working to restore sound money at the state and federal level. JP is a proponent of and has studied in the Austrian school of economics and his role at SMDL as Policy Director has him regularly testifying at legislative hearings and speaking at various events around the country. His articles and analysis have appeared in many national news publications including the Washington Examiner, Huffington Post, Mises Institute, Foundation For Economic Education and many more, and he’s a frequent guest on various podcasts and national radio shows […]
Understanding Gold (and Silver) Comes from the Heart, Not the Brain
The title of this essay is part of a statement made by Stewart Thomson, editor of the investment letter, Graceland Updates. His full comment reads, “It takes more than viewing charts and government debt numbers to understand gold as the world’s ultimate asset. What it really takes comes from the heart, not the brain.” For thousands of years, humankind has understood the magical draw (and sense of security) that owning precious metal can bring. It satisfies the core requirements that make it a medium of exchange par excellence. It’s durable. It’s divisible. It’s consistent. It’s convenient. It’s intrinsically valuable. There’s a sixth reason, which Doug Casey elaborates upon when he talks about […]
Inflation Threat Looms in 2020 as Fiscal and Monetary Stimulus Ramp Up
The Federal Reserve left its benchmark interest rate unchanged as expected last week. However, Fed Chairman Jerome Powell made news with some of his most dovish remarks to date – stating flatly that he won’t hike rates again until inflation moves up significantly. “In order to move rates up, I would want to see inflation that’s persistent and that’s significant,” Powell said at a news conference following the Fed’s announcement. He would be anticipating “a significant move up in inflation that’s also persistent before raising rates to address inflation concerns.” He could get his wish in the months ahead as monetary policy, fiscal policy, and the economy all seem to […]
Weaponizing the Dollar; Gold Mining Stocks Chart Path to Breakout
Federal Reserve Chairman Jerome Powell’s comments on inflation last Wednesday added fuel to the contra-dollar trade. During a press conference following the Fed’s decision to leave interest rates unchanged, Powell said, “In order to move rates up, I would want to see inflation that’s persistent and that’s significant. A significant move up in inflation that’s also persistent… “To move inflation expectations up from where they are, which appears to be a bit below 2%, will not happen overnight.” In other words, the Fed won’t be satisfied until consumer prices rise much higher over time. This “weak dollar” policy may come back to bite, though, as the Federal Reserve Note steadily […]
R.I.P. Paul Volcker, the Last “Good” Central Banker
The last true enemy of inflation the Federal Reserve has seen died earlier this week. Paul Volcker, former chairman of the Federal Reserve from 1979-1987, has passed away. Credited with tampering incredibly high levels of inflation during the Carter and Reagan administration by jacking up interest rates to unpleasant levels, Volcker’s passing harkens back to a time when central bankers weren’t afraid to make tough choices. Volcker instinctively knew that central planning of the economy by tugging on monetary policy levers was not only a tall order, but also wouldn’t ultimately succeed. In an interview the former chairman said about the Keynesian “religion,” “…I was a bit turned off by the […]
Gold ETF Holdings Surge… But Do They Actually Hold Gold?
Gold-linked exchange-traded products are growing in popularity with investors. Assets held by gold ETFs have grown 38% globally in 2019. In October, according to the World Gold Council, gold ETFs attracted $1.9 billion in net inflows to reach a new record high total gold holding of 2,900 tonnes – at least on paper. There is good reason to be skeptical of whether all these “gold” vehicles actually hold physical metal sufficient to back their market capitalizations on a 1:1 basis. Some of them very well might; others almost certainly don’t. In fact, many of these gold instruments hold futures contracts and other financial derivative products that merely “track” the gold […]
Congress Still Covering for the Fed’s Bailouts
Wall Street owns Washington DC – figuratively speaking. In literal terms, the largest banks in the nation own the Federal Reserve. They also bought and paid for a great number of DC politicians as evidenced by campaign contributions, Congressional voting records and sham oversight. This was on full display at last week’s Committee on Financial Services hearing. “The Honorable Randal Quarles,” Vice Chairman of Supervision at the Fed, was among three people called to report for purposes of “oversight.” A memo outlining the topics of discussion was published by the committee. The discussion ranged from a proposed rule change which would allow individuals with “certain minor criminal offenses” to get a job […]
Wyoming, Texas, Utah Top 2019’s Sound Money Index — Vermont, Arkansas, New Jersey Among the Worst States
Precious Metals Dealer, Sound Money Group Rank the 50 States’ Gold and Silver Policies Charlotte, NC (December 4, 2019) – “Is Your State Destroying Your Money?” asks the Sound Money Defense League and Money Metals Exchange with the release of the 2019 Sound Money Index. The Sound Money Index is the first index of its kind, ranking all 50 states using twelve different criteria to determine which states maintain the most pro- and anti-sound money policies in the country. The Sound Money Index evaluates each state’s sales and income tax policies involving precious metals, whether a state recognizes the monetary role of gold and silver under the U.S. Constitution, whether […]
Elephant in the Room: Why Nobody Talks About Ballooning Federal Deficits
The presidential race will mesmerize Americans over the next 11 months. The country hasn’t been this polarized since the Civil War. Voters on the left desperately want a story which undermines support for President Trump. They are also searching for a candidate who can actually win. Many Republicans are outraged about the Deep State and corporate media campaign obsession with unseating a duly elected president – and they worry an avowed socialist could win the Democratic primary and, just possibly, the general election. Plenty about the year ahead is unpredictable. Massive federal budget deficits and unrestrained borrowing, however, are a certainty. The federal government is not going to voluntarily shrink […]
7 quick tips on how to trade forex in Hong Kong
Following the numerous success stories of high-flying Hong Kong forex traders, many people want to know how to actually trade forex successfully. Budding forex traders need the correct skills and strategies to make it in the forex market. Listed are a few trade secrets that allow new forex traders to see some significant success in their endeavors. The broker they use To be a successful forex trader, it is important that you invest time to carry out research on the broker that you want to trade through. A forex broker provides a forex trading account on a trading platform where you can interact with the market and deposit and withdraw […]
David Morgan: Here’s Why You Must Protect Yourself Outside the Financial System…
Mike Gleason: It is my privilege now to welcome back our good friend David Morgan of The Morgan Report. David, it’s good to have you on as always and we appreciate the time today. How are you? David Morgan: Mike, I’m well. Thank you for having me. Mike Gleason: Well, we’ve had a significant correction in precious metals prices, especially in silver, and I wanted to get your thoughts on that to start out here. To us, it looked like the bullion banks sold futures contracts to lots of speculators who got interested in metals. Then as often happens, the speculators got taken out to the woodshed. However, open interest appears to still be […]
Why You Should “Follow the Money” on The Yellow (and Silver) Brick Road
Since the Federal Reserve detached the dollar from the gold standard in 1971, the world’s central bankers – with the Fed leading the charge, have flooded the world with fiat currency to the point of diminishing its purchasing power to shadow status. A common belief during the early decades of the former Soviet Union’s rise after 1917 was that, according to Marxist-Leninist theory, the West and capitalism would either self-destruct, or be “buried” by the superior economic platform being constructed for the proletariat by the USSR, and later Communist China. But even the Great Depression, which in the West lasted from the Crash of 1929, and arguably into WWII, failed […]
Cracks Spread in the Bullion Banks’ Price Management System
Department of Justice prosecutors charged a sixth JPMorgan executive for cheating in the precious metals markets. Jeffrey Ruffo stands accused of racketeering and spoofing metals prices from 2008 – 2016, along with other crimes including conspiracy to commit wire fraud. The indictment outlines nearly a decade spent coordinating with other traders in JPMorgan’s precious metals department to rig prices. The activity includes thousands of fraudulent trades placed for two purposes. The first was to benefit favored JPMorgan clients at the expense of other investors. The second was to benefit JPMorgan and the traders directly by cheating their own clients. The investigation is ongoing, and more indictments, including charges against traders at other […]
Celente: Interest Rates Heading Zero or Negative to Prop Up Debt Bubble
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 on the Money Metals Podcast and is perhaps 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, and welcome back. Gerald Celente: Oh, my pleasure. Thanks for having me on. Mike Gleason: Well, Gerald, since we spoke last in August, the Federal Reserve has begun propping up the repo markets, and they resumed buying government debt. They tell us the program on bond purchases should in no way be […]
