For the week commencing March 2nd, there are some important economic data and central bank announcements, as seen in the table below. The interest rate decision of the European central bank on Thursday is undoubtedly the key announcement this week. Friday is an important day because of the unemployment report and nonfarm payrolls for the month of February. Our expectation is that the events on Thursday and Friday have the potential to create volatility in COMEX gold and silver, hence influence the gold and silver price. The PMI report in the U.S. and Europe, CPI in Europe, and Yellen’s speech at Citizens Budget Commission’s Annual Awards Dinner are not likely to cause volatility in the metals market.
Don’t believe the lies or trust that unbacked debt based paper currencies will survive (they never do). Learn from the lessons of history – gold and silver have been money for thousands of years. The western world currently has amnesia about the true nature of money. Asia has not forgotten the value of gold and silver. Convert increasingly risky dollars, euros, yen, bonds, and other delusions into gold and silver while you can. The window of opportunity will not remain open much longer.
This is a summary of the key investment insights from 6 top fund or money managers, as well as top traders, including Jim Rickards and Ronald Stoeferle (well known in the precious metals community worldwide), during the quarterly Incrementum Advisory Board.
The official US National Debt is about $18,000,000,000,000, or 57 times the current market price of the US gold SUPPOSEDLY stored at Fort Knox, the NY Fed, and elsewhere. With so much paper in the system it is easy to see why the Fed publicly denigrates gold. In the single year from Sept. 30, 2013 to Sept. 30, 2014, the US official national debt increased by over three times the value of all the gold that the US supposedly owns. The total debt and the increase in that debt is clearly “a problem.”
Granted, it seems unlikely that the U.S. or any major country will return their currency to a classical gold standard anytime soon. But signs abound that precious metals are re-entering the public consciousness – and will be playing a more prominent role in monetary systems as geopolitical tensions rise, debt levels become more unmanageable, and public confidence in political institutions wanes.
If some of the strongest known fundamental demand for gold and silver has had no effect on price, the question has to be, why not? The simple and only answer is the elite’s protecting its Ponzi fiat scheme, for they can never allow gold and silver to be considered as an alternative to their fiat paper issue. All they can do is what they have been doing for over 100 years, manipulate gold and silver, crushing them as viable alternatives to the “dollar” [more accurately, Federal Reserve Note], and the Euro dollar.
Ron Paul says in an interview with Global Gold: If people don’t trust us or our money anymore, we will have to tighten our belts. Once the trust is lost, the more money you print, the less the trust is going to be. Right now, they have no other place to go. They could go and beg Europe to print Euros, but they trust the dollar more. As long as they keep doing that, these insane policies will continue. I think that governments need to fold, they need to be blamed for what they are doing. Central banks need to be able to defend hard asset money, gold and silver, because it works. And yet, right now, there’s just a few of us who believe that, but I think the day will come where people will realize the truth. We have been through similar situations before.
Analysts and some precious metals’ sellers tend to focus on the “insurance” aspect of owning precious metals. They point out that having some in your possession helps protect your wealth in case of inflation, political unrest, or for use as an “alternate currency”. Of course, these are all valid reasons for purchasing and holding “the precious metals four” – gold, silver, platinum, and palladium. But the benefits go far beyond the insurance and assurance aspects. It just makes all around good sense. For you see, each of these are in their own way, “good news” metals.
Wars will continue but may not be decisively won or lost. Debt and currency in circulation will rise exponentially. Consumer prices will continue increasing.
Gold, silver, crude oil, gasoline and food will become much more expensive. Voters will continue voting for politicians and wars even though both cause prices to rise. The number of Americans on food stamps (SNAP) will continue rising. Unemployment statistics will fall in election years but the actual number of Americans working full-time jobs will decline.
Jeff Deist speaks to author Philipp Bagus in the interview which is available below. We highlight some extremely interesting quotes from the interview. The discussion is a must-listen for everyone who wants to understand the fundamental issue with the Euro.
With credit markets in Europe and the US taking a bit of a pause for profit-taking or reassessment, it is notable that currencies have not. The euro finally broke free of what looked like a steady range, though unfortunately to the downside. While that may be celebrated by orthodox economists in Brussels and elsewhere, it should not as such devaluation has led to no place good in the recent past. Curiously, however, the ultimate indicator of such risk, gold, has remained in its rut while these other pieces notoriously shed such contented framing.
If you want to know why your holdings of physical gold and silver have remained under suppression, it is because both are anathema to paper fiat currencies, and the ones who are in control, the moneychangers, will not tolerate competition against their fiat Ponzi monopoly scheme. Not until the elite bankers lose control of the fiat US “dollar” can you expect to see dramatic price increases for gold and silver, irrespective of any and all fundamentals and more widely recognized efforts of manipulation.
Why to expect [more] war? That is all the Rothschild banking establishment knows, and truth be known, it has been extraordinarily effective. Will it be a conventional war? No one knows, but that seems less likely in this day and age. Regardless of what one thinks about the news or the underlying bullish fundamentals for both gold and silver, if all one did is look at what the charts are saying about those who are buying and selling precious metals, one would have the best and most accurate read for what is going on in real-time.
As gold is reflecting the value of currencies, it is no coincidence that “Peso gold” or gold in Argentine’s currency has exploded higher recently. The Argentine Peso, expressed in US Dollars, is trading at all-time lows. Consequently, Peso gold is trading at it all-time high.
In this videocast, Jim Rickards and Peter Schiff talk about currency wars, the gold market and the next liquidity crisis. Below is the video, it’s tackles several topics in a short but very powerful way.