Category Archive: 6a) Gold & Bitcoin

Silver Bullion: Once and Future Money

Silver Bullion: Once and Future Money. “Silver is as much a monetary metal as gold” – Rickards. U.S. following footsteps of Roman Empire which collapsed due to currency debasement (must see table). Silver bullion is set to rally due to a combination of supply/demand fundamentals, geopolitical pressures creating safe haven demand, and increasing inflation expectations as confidence in central banking and fiat money erodes.

Read More »

Davos – My Personal Experience of the $100,000 Event, $60 Burgers, Massive Inequality and the Blockchain Revolution

Davos elite hear warnings of complacency akin to 2007 as economic risks grow. Toxic mix of infallible belief, arrogance, megalomania and economic ignorance. Some express concern economies are vulnerable due to imbalances, trade, geo-political tensions. Soros: Trump creating ‘mafia state’ & ‘set on a course towards nuclear war’ with N Korea. Bond bear market, rising interest rates and massive $233 trillion debt are some of the many threats to...

Read More »

Cyber War Coming In 2018?

Cyber war is increasing threat – Investors are not prepared for. Third most likely global risk in 2018 is cyber war say WEF. “Scale and sophistication of attacks is going to grow”. EU, US, NATO lay down ground rules for offensive cyber war. Ireland is viable target for attackers but is ‘grossly unprepared for cyber war’. UK should expect attack that cripples infrastructure within 2 years.

Read More »

Government Shutdown Ends – Markets Ignore Looming Debt and Bond Market Threat

Government Shutdown Ends – Markets Ignore Looming Debt and Bond Market Threat For Now. U.S. Senate pass a temporary spending plan through Feb. 8 to end shutdown. Markets shrug off both government shutdown and re-opening. Markets, government and media ignoring worsening US debt position. Gold responding positively to U.S. dysfunction, rising US Treasury yields & weaker dollar. U.S. government national debt is $20.6 trillion and increasing rapidly....

Read More »

US Gold Reserves, Of Immense Interest to Russia and China

Recently, Russian television network RT extensively quoted me in a series of articles about the US Government’s gold reserves. The RT articles, published on the RT.com website, were based on a series of questions RT put to me about various aspects of the official US gold reserves. These gold reserves are held by the US Treasury, mostly in the custody of the US Mint. The US Mint is a branch of the US Treasury.

Read More »

The Next Great Bull Market in Gold Has Begun – Rickards

The Next Great Bull Market in Gold Has Begun – Rickards on Peak Gold And Technicals. ‘Gold is in the early stages of a sustainable long-term bull market’ Rickards. Rickards believes the next bull market in gold will be even more powerful than those of 1971–1980 and 1999–2011. This new rally could send gold $1,475 or higher by next summer thanks to Fed rate hikes. Warns of Peak Gold ‘Physical gold is in short supply. Refiners can’t get enough to...

Read More »

Gold Bullion May Have Room to Run As Chinese New Year Looms

Gold bullion tends to rise January and February before Chinese New Year (see table). Gold is nearly 8% and $100 higher since Fed raised rates one month ago. Options traders are bullish and suggest gold has room to run (see chart). Nervous in short term, positive in medium term – gold at $1,500 in 2018.

Read More »

Digital Gold Flight To Physical Gold Coins and Bars

‘Digital Gold’ Bitcoin Flight To Safe Haven Physical Gold. Latest bitcoin, crypto crash causes gold coin and bar demand to surge. Bitcoin down 40% from high, Ripple down 50% and Ethereum down 30%. Ripple and ‘Digital gold’ Bitcoin fall past key psychological price levels. $300bn wiped from cryptocurrency fortunes in just 36 hours. New research says that there is ‘Price Manipulation in the Bitcoin Ecosystem’.

Read More »

Silver Prices To Surge – JP Morgan Has Acquired A “Massive Quantity of Physical Silver”

JP Morgan continues to accumulate the biggest stockpile of physical silver in history. “JPM now holds more than 133m oz -more than was held by the Hunt Bros” – Butler. Silver hoard owned by JPM has increased from Zero ozs in 2011 to 120m ozs today. Money managers showing more optimism towards silver through record buying. “Near impossible to rule out an upside price surprise at any moment”

Read More »

London Property Crash Looms As Prices Drop To 2 1/2 Year Low

London homeowners cut property prices by another 1.4% in January. Average price for a London house dropped by £22,000 to £600,926 in 2017. Takes 78 days to sell a home on average, the highest level since 2012. London’s downtrend continues after 2017 performance as worst UK housing market. UK regional house prices begin to falter as house prices climb slows down.

Read More »

Chinese bitcoin mining giant sets up Swiss hub

One of the world’s largest bitcoin miners is setting up a hub for European operations in Switzerland, a person familiar with company has confirmed to swissinfo.ch. The Chinese firm Bitmain Technologies is setting up in Zug just as the Chinese authorities move to shut down cryptocurrency miners.

Read More »

Gold Hits All-Time Highs Priced In Emerging Market Currencies

Gold Hits All-Time Highs Priced In Emerging Market Currencies. Gold at all time in eight major emerging market currencies. A stronger performance than seen when priced in USD, EUR or GBP. As world steps away from US dollar hegemony expect new gold highs in $, € and £. Gold is a hedge against currency debasement and depreciation of fiat currencies.

Read More »

World is $233 Trillion In Debt: UK Personal Debt At New Record

The World is $233 Trillion In Debt: It’s Time to Rebalance To Gold. Record level global debt level hit $233 trillion in Q3 2017. World’s per capita debt now more than $30,000. UK personal debts climbed to the highest level since credit crunch, reaching more than £200bn. US consumer credit highest jump in 2 years by 8.8% in November to $3.83 trillion. BofE warn UK banks could incur £30bn of losses if interest rates and unemployment rise sharply.

Read More »

Gold Prices Rise To $1,326/oz as China U.S. Treasury Buying Report Creates Volatility

Gold prices rise to $1,326/oz on concerns China may slow U.S. Treasury buying. Equities fell sharply on the report as did Treasurys and the U.S. dollar. Chinese officials think U.S. debt is becoming less attractive compared to other assets. Trade tensions could provide a reason to slow down or halt U.S. debt purchases. U.S. dollar vulnerable as China remains biggest buyer of U.S. sovereign debt. Currency wars to return as China rejects U.S....

Read More »

10 Reasons Why You Should Add To Your Gold Holdings

10 Reasons Why You Should Add To Your Gold Holdings. Gold currently undervalued. Since 2000, the gold price has beaten the S&P 500 Index. A ‘a once-in-a-decade opportunity’ as gold-to-S&P 500 ratio is at its lowest point in 10 years. Reached ‘peak gold’ as exploration budgets continue to tighten. $80 trillion sits in global equities, a ‘ticking time bomb’. Gold remains an appealing diversifier in the current environment of high valuations and...

Read More »

Quantum Change in Gold Demand Continues – Precious Metals Supply-Demand Report

Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

Read More »

Palladium Prices Surge To New Record High Over $1,100 On Supply Crunch Concerns

Palladium prices surge to new record high over $1,100/oz today. Palladium surges past record nominal price seen in 2001 after 55% surge in 2017. Best-performing precious metal and commodity of 2017 is palladium. Palladium prices top platinum prices for first time in 16 years. Strong Chinese car demand and switch from diesel to petrol cars sees demand surge. Supply crunch as six year supply deficit & 2017 deficit expected to hit 83,000 ounces

Read More »

If Bitcoin Is A Bubble…

Our earlier articles on bitcoin discuss the crypto asset as a currency and a commodity. Both papers focused on the consequences of bitcoin’s defining feature: the asymptotic supply limit of 21 million coins. This gives it an unusual juxtaposition of demand uncertainty and supply certainty (as well as inelasticity). As a currency, it gives rise to a tension between its use as a store of value and as medium of exchange.

Read More »

It’s A Wonderful Life Is A Wonderful Lesson To Hold Gold Outside of The Banking System

Christmas film serves as reminder that savings are not guaranteed protection by banks. Savers are today more exposed to banking risks than ever before. Gold and silver investment reduce exposure to counterparty risks seen in financial system. Basket of Christmas goods has climbed since 2016 thanks to 11% climb in gold price.

Read More »

Gold and Gold Stocks – Patterns, Cycles and Insider Activity, Part 2

Another recurring pattern consists of the seasonally strong period in gold around the turn of the year, which is bisected by a mid to late December interim low in the gold price. An additional boost can be expected in January and Feburary from the strong seasonal uptrend in silver and platinum group metals as well (to see the seasonal PGM charts, scroll down to our addendum to this recent article by Dimitri Speck).

Read More »