Category Archive: 6a) Gold & Monetary Metals

New Federal Legislation Requires Full Audit of America’s Gold Reserves

Washington, DC (May 8, 2019) – U.S. Representative Alex Mooney (R-WV) introduced legislation this week to provide for the first audit of United States gold reserves since the Eisenhower Administration. The Gold Reserve Transparency Act (H.R. 2559) – backed by the Sound Money Defense League and government accountability advocates – directs the Comptroller of the United States to conduct a “full assay, inventory, and audit of all gold reserves,...

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Nonmonetary Cause of Lower Prices, Report 5 May

Over the past several weeks, we have debunked the idea that purchasing power—i.e. what a dollar can buy—is intrinsic to the currency itself. We have discussed a large non-monetary force that drives up prices. Governments at every level force producers to add useless ingredients, via regulation, taxation, labor law, environmentalism, etc.

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Money Metals Exchange Lease #1 (silver)

Monetary Metals leased silver to Money Metals Exchange, to support the growth of its gold and silver bullion  business. The metal is held in the form of inventory in its vault. For more information see Monetary Metals’ press release.

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Sprott Money News Weekly Wrap-up – 5.3.19

Eric Sprott discusses the factors that drove precious metals prices over the past week.

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Monetary Metals Leases Silver to Money Metals Exchange

Monetary Metals® announces that it has leased silver to Money Metals Exchange® to support the growth of its business of selling gold and silver at retail and wholesale. Investors earn 2.2% on their silver, which is held in Money Metals’ vault in the form of silver products.

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The Spreads Blow Out, Update 1 May

The bid-ask spread of both (spot) gold and silver has blown out. Both, on March 1. In gold, the spread had been humming along around 13 cents—gold is the most marketable commodity, and this is the proof, a bid-ask spread around 1bps—until… *BAM!* It explodes to around 35 cents, or two and half times as wide.

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Is Keith Weiner an Iconoclast? Report 28 Apr

We have a postscript to our ongoing discussion of inflation. A reader pointed out that Levis 501 jeans are $39.19 on Amazon (in Keith’s size—Amazon advertises prices as low as $16.31, which we assume is for either a very small size that uses less fabric, or an odd size that isn’t selling). Think of the enormity of this. The jeans were $50 in 1983. After 36 years of relentless inflation (or hot air about inflation), the price is down to $39.31. Down...

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World’s Central Banks Want More Gold – India May Buy 1.5M Ounces In 2019

Royal Bank of India (RBI) may buy another 1.5 million oz this year according to OCBCMany other central banks including large creditor nations Russia and China are also adding to gold holdings. India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide gold bullion demand as top economies diversify their reserves.

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Sprott Money News Sprott Money News Weekly Wrap-up – 4.26.19

Eric Sprott discusses the recent moves in precious metals and then looks forward to what will be a very busy and volatile week next.

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MARC FABER: TÜRKLER DAHA ÇOK ALTIN ALMALI – GERÇEK EKONOMİ 15 – 26.04.2019

ekonomik kriz, ekonomist, ekonomi haberleri, ekonomi 2019, ekonomi okulum, ekonomistler, ekonomi dersleri, dolar, bitcoin, altın GERÇEK EKONOMİ 15. BÖLÜM MARC FABER: TÜRKLER DAHA ÇOK ALTIN ALMALI Türkiye’de bir ekonomik kriz var. Ancak bu yetmezmiş gibi dünya da tarihin en büyük küresel ekonomik krizine doğru hızla ilerliyor. Melis Hazal Karagöz’ün sunduğu Gerçek Ekonomi Programının 15. Bölümü’nde …

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SWOT Analysis:Venezuela Sells $400 Million Worth Of Gold Bullion

The best performing metal this week was palladium, up 3.52 percent as CPM Group noted that the price could climb to $1,800 on supply constraints. Gold traders and analysts switched from bullish to mostly neutral or bearish on the yellow metal this week, according to the weekly Bloomberg survey.

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The Two Faces of Inflation, Report 22 Apr

We have a postscript to last week’s article. We said that rising prices today are not due to the dollar going down. It’s not that the dollar buys less. It’s that producers are forced to include more and more ingredients, which are not only useless to the consumer. But even invisible to the consumer. For example, dairy producers must provide ADA-compliant bathrooms to their employees.

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Sprott Money News Ask The Expert – Josh Phair of Scottsdale Mint

Josh Phair, CEO of Scottsdale Mint, joins us to discuss the current dynamics of the gold and silver markets as well as the terrific products offered by Scottsdale Mint.

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Sprott Money News Weekly Wrap-up – 4.18.19

Eric Sprott discusses the current correction in precious metal prices but also looks forward to better conditions in the weeks ahead.

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Washington State Politicians Drop Cynical Attempt to Impose Taxes on Gold & Silver

Well, here’s some encouraging news… Efforts in Washington State to impose sales taxes on gold and silver were SHUT DOWN today thanks to intense efforts by the Sound Money Defense League, a group of in-state coin dealers led by Dan Duncan, the Association of Washington Businesses, and a large number of vocal grassroots supporters.

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Gold, Gas – Ross Clark. Commodities- Marc Faber. Oil – Chris Vermeulen. NASDAQ – Tim Wood. AMY.V

Air Date: April 19, 2019 Ross Clark – Stock Markets, USD, Precious Metals, Gasoline. Guest’s website: https://chartsandmarkets.com/ Marc Faber – Bonds, Commodities, and Banks. Guest’s website: https://www.gloomboomdoom.com/ Chris Vermeulen – Crude, Gold Miners. Guest’s website: https://www.thetechnicaltraders.com/ Tim Wood – NASDAQ’s New High. Guest’s website: https://www.cyclesman.com/ Larry Reaugh President & CEO of...

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This Is When You Sell Your Gold and Silver

- When your family who once dismissed you as a crazed gold bug, now herald you as an investment genius! - When there is widespread confidence in the dollar, euro, pound and all fiat currencies RECEIVE THE LATEST VIDEO UPDATES & BREAKING NEWS DIRECT FROM GOLDCORE - SIGN UP HERE: https://info.goldcore.com/gdpr-email-subscription-preferences - When the next financial and monetary crisis is over and a degree of stability and sanity prevails! -...

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This Is When You Sell Your Gold and Silver

– When your family who once dismissed you as a crazed gold bug, now herald you as an investment genius! – When there is widespread confidence in the dollar, euro, pound and all fiat currencies RECEIVE THE LATEST VIDEO UPDATES & BREAKING NEWS DIRECT FROM GOLDCORE – SIGN UP HERE: https://info.goldcore.com/gdpr-email-subscription-preferences – When the next …

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New Inflation Indicator, Report 14 Apr

Last week, we wrote that regulations, taxes, environmental compliance, and fear of lawsuits forces companies to put useless ingredients into their products. We said: “For example, milk comes from the ingredients of: land, cows, ranch labor, dairy labor, dairy capital equipment, distribution labor, distribution capital, and consumable containers.”

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MARC FABER EXCLUSIVE: Millennials Are SPOILED BRATS, QE4 Coming, Inflation Numbers BULLSHIT!

EDUCATE YOURSELF IMMEDIATELY: LP(S) – Enemy LP(S) – Dead LP(S) – Ratio LP(L) – Top PREPARE FOR THE BEAR MARKET: LP(S) – Bear This Can Crack the USD Hegemony! GO IMMEDIATELY TO: https://www.WealthResearchGroup.com/Calicoin Lior Gantz Is Giving Access To His PERSONAL Treasure Trove, His Own Trades AT: https://www.wealthresearchgroup.com/mypicks/ Warren Buffett, Ray Dalio, Charlie Munger And …

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