Author Archive: GoldSilverWorlds

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Bizarre Gold & Silver Movements Occurring Behind-the-Scenes…

Bizarre Gold & Silver Movements Occurring Behind-the-Scenes…

Keeping an Eye on Bullion Supply and Demand A lot is riding on the demand side of the equation when it comes to metals’ price performance this year. Demand is the bigger wildcard with signals thus far being mixed in gold and silver bullion markets. The outlook for supply is more certain, and it isn’t pretty. Endeavor Silver, one of the largest primary silver mining companies, announced last week that it expects to reduce production of the white metal by roughly 30%. The company’s El Cubo mine is not profitable despite efforts to reduce costs. Endeavor plans to halt development and exploration at the mine and process accessible ore only. […]

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Steve Forbes Speaks Out on the Presidential Race, Fed Recklessness, and Gold

Steve Forbes Speaks Out on the Presidential Race, Fed Recklessness, and Gold

Forbes Pulls No Punches in Exclusive Interview with Money Metals Exchange Mike Gleason, Director, Money Metals Exchange: It is my great privilege to welcome Steve Forbes, Editor-in-Chief of Forbes Magazine, CEO of Forbes, Inc. to our Money Metals Exchange podcast. Steve is also author of many fabulous books, including Flat Tax Revolution, How Capitalism Will Save Us, and his latest work, Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming the Fed Will Restore Hope and Prosperity. He’s also a two-time Presidential candidate, having run in the Republican primaries in both 1996 and 2000. It’s a tremendous honor to have him with us today. Mr. Forbes, thank you […]

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There’s Something Worse than Having a “Losing Position”

There’s Something Worse than Having a “Losing Position”

There’s something worse than giving up at the bottom… There’s something worse than watching prices fall as you continue to add on the way down… It’s giving up “three feet from gold,” when if you had just stuck it out a bit longer, things might have turned your way. This tendency is part and parcel of human nature, and its effect is not to be underestimated. Way back in 1938, Napoleon Hill wrote about it in the classic book, Think and Grow Rich. Consider what his research uncovered. Said he: More than five hundred of the most successful men the country has ever known, told the author (Napoleon Hill) that […]

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Peak Gold and Silver May Have Come and Gone

Peak Gold and Silver May Have Come and Gone

Have we reached peak precious metals? Many analysts think so. Just to be clear, however, the idea of peak gold and peak silver doesn’t refer to a peak prices. The precious metals put in a cyclical price high in 2011. But annual mining production levels may have peaked in 2014-2015. This is what is meant by “peak precious metals.” There is good reason to believe that newly mined supplies of gold and silver will decline in 2016 and beyond. The main culprit is low prices. In 2015, gold and silver prices spent most of the year trading below miners’ all-in production costs (which average $17/oz for silver and $1,150/oz for […]

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Central Planners Freaking Out about Discussion of Gold’s Role

Central Planners Freaking Out about Discussion of Gold’s Role

Growing Support for Sound Money Rankles Fed Apologists Sound money issues make for good politics these days. The leading Republican candidates have all suggested reforms to our monetary system. The topic is popping up in debates as well as interviews. Predictably, Fed worshippers and proponents of central planning everywhere are snickering and trotting out the usual responses. Michael Hiltzik, with the Los Angeles Times, recently published a column titled “The Worst Idea in the Presidential Debate: a Return to the Gold Standard.” He thinks “a return to the gold-standard would be so not right that it’s not even wrong.” It’s another way of saying the idea is so bad it […]

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How Precious Metals Investors Can Trump the Establishment

How Precious Metals Investors Can Trump the Establishment

As the presidential primaries quickly approach, the establishment is in panic mode over the prospect of losing control. It’s not just about Donald Trump. The political class, the “mainstream” media, Wall Street, and the central banking cartel are all losing credibility in the eyes of the public. 2016 is shaping up as the year of “We’re not gonna take it anymore” – in more ways than one. It’s an encouraging development for precious metals investors and sound money advocates. Rank-and-file Republican voters are in open rebellion against their own party. They forced John Boehner out of his Speakership last fall. Now the GOP’s voter base is refusing to line up […]

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A Path to Making Gold and Silver the Currency of the 21st Century

A Path to Making Gold and Silver the Currency of the 21st Century

Several Republican presidential candidates are floating the idea of returning to some form of a gold standard in the U.S., although none have gone into any great detail. So, how might a modern gold standard work? It’s a question that requires us to do more than just look to the past with an eye toward “restoring,” “bringing back,” or “returning to” gold-backed money. Sound money advocates need to also think creatively about how to adapt hard money principles to the current and future needs of a dynamic and digital-based economy. Don’t get me wrong, the long history of gold and silver being used as money going back to ancient times […]

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My New Year’s Resolution: Don’t Confuse Debt with Wealth

My New Year’s Resolution: Don’t Confuse Debt with Wealth

If you don’t have a magical crystal ball to see the future, then a good history book will do the job. Understanding the past offers a full color panorama to the dangers and opportunities facing you in 2016. Unpayable debt is becoming the Big Story of the 21st Century across the globe. Life-altering disruptions will be the norm, with little that mankind has not seen before. In early November, Congress recklessly increased American spending and debt by another $1.14 trillion. Lawmakers long ago erased all limits to printing money and creating debt backed by nothing. The total world debt is unknown and uncountable. Pick any figure in the hundreds of […]

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Betting on Deflation May Be a Huge Mistake. Here’s Why…

Betting on Deflation May Be a Huge Mistake. Here’s Why…

Precious metals investors heading into 2016 worry the dollar will continue marching ahead, right over the top of gold and silver prices. The Fed is telegraphing additional rate hikes throughout the year, and commodity prices – led by crude oil – are falling. There have been tremors in the biggest beneficiary markets of all when it comes to the Fed’s QE largesse – U.S. equities and real estate. And the possibility of a recession is growing, both in the U.S. and around the world. There are plenty of reasons we might see even lower official inflation numbers and a stronger dollar in 2016. But don’t think for a second that […]

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NEW: Money Metals Issues 2016 Gold/Silver Forecast

NEW: Money Metals Issues 2016 Gold/Silver Forecast

NEW: Money Metals Issues 2016 Gold/Silver Forecast Looking Ahead to 2016 Forecasting today’s volatile, high-frequency machine driven and manipulated futures markets using fundamental analysis is futile, as a great many precious metals bulls will attest. To complicate matters, an obsession with Fed policy dominates all markets. Officials at the Federal Reserve are often less than forthcoming and are just as bumbling as the Soviet bureaucrats when it comes to centrally planning our economy. Nevertheless, beneath all of the artificial influences and all of the leveraged paper, the gears of the physical market for gold and silver still turn. We can be sure prices will reflect actual supply and demand for physical metals at […]

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Gold And Silver – Physical PMs Are A “Gift” At Current Levels

Gold And Silver – Physical PMs Are A “Gift” At Current Levels

It really matters little what the charts are saying about the paper futures for gold and silver here, which we will get to shortly.  The focus needs to be kept on a few facts that are inescapably true:  fiat currencies throughout the history on this planet have always, always failed, without exception, 100% of the time.  There are few situations for which such a statement of guaranteed [failed] performance can be made. It is any different this time?  Yes and no. No, because all fiats have failed, plain and simple.  Yes, because the extent to which there is no reasonable reality in the relationship between paper and physical has never […]

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Silly Myths about Gold during Rising Interest Rates

Silly Myths about Gold during Rising Interest Rates

By Stefan Gleason of Money Metals Exchange Fed Hikes; Silly Myths about Interest Rates & Gold Persist The Fed finally acted this week – upping its benchmark Federal Funds rate by 0.25%. Now that the speculation over whether the Fed will hike has been put to rest, analysts are busily speculating about what the Fed’s move means for the economy and markets. Many of these speculations are unfounded. It’s time to bust some silly myths. Much of what’s spewed out in the financial media concerning interest rates is flat-out wrong, especially when it comes to their impact on precious metals markets. Since gold and silver are small markets compared to […]

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Gold & Silver or Meth & Madness

Gold & Silver or Meth & Madness

“Meth” or Methamphetamine is a common recreational drug used, according to Wikipedia, to induce feelings of euphoria, increase sexual desire, and stimulate weight loss, among others. QE or Quantitative Easing, injecting liquidity, bond monetization, and “printing money” are common Keynesian economic prescriptions used to inflate economies, enable deficit spending and boost financial profits, among others. Some call it monetary madness. There are many disturbing similarities and it is clear that excessive use of both Meth and QE are destructive. Your brain on drugs, your economy on QE: In low doses Meth can elevate mood and increase alertness and energy. The FDA has approved a variation of Meth for attention deficit […]

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Silver: May the 100 Year Force Be With You!

Silver: May the 100 Year Force Be With You!

What force? Some of the “forces” in our world that are supportive of higher silver prices are: Debt Increases: Global debt exceeds $200 Trillion and rising rapidly. Warfare: Syria, Turkey, Russia, Ukraine, South China Sea, Chicago and others. It is a long list. Welfare: Bank bailouts, military contractors, Medicaid, food stamps, dozens of “programs” and so much more. Central bank “money printing:” Bank of Japan, European Central Bank, the Federal Reserve, Bank of England and others are doing what they do best – devaluing their currencies. The bubbles created in the bond, stock, and currency markets must be fed and supported. There is little doubt that the world is drowning […]

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