Category Archive: 6a) Gold & Bitcoin

Bitcoin Forked – Precious Metals Supply and 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.

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Gold Consolidates On 2.5percent Gain In July After Dollar Has 5th Monthly Decline

Gold consolidates on 2.5% gain in July as the dollar has fifth monthly decline. Trump administration and vicious “civil war” politics casting shadow over America and impacting dollar. All eyes on non farm payrolls today for further signs of weakness in U.S. economy. Gold recovers from 1.7% decline in June as dollar falls. Gold outperforms stocks and benchmark S&P 500 YTD.

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Greenspan Warns Stagflation Like 1970s “Not Good For Asset Prices”

‘We are experiencing a bubble, not in stock prices but in bond prices. This is not discounted in the marketplace.’ There are a lot of warnings on Bloomberg, CNBC and other financial media these days about a bubble in the stock market, particularly in FANG stocks and the tech sector.

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Estimated Chinese Gold Reserves Surpass 20,000t

My best estimate as of June 2017 with respect to total above ground gold reserves within the Chinese domestic market is 20,193 tonnes. The majority of these reserves are held by the citizenry, an estimated 16,193 tonnes; the residual 4,000 tonnes, which is a speculative yet conservative estimate, is held by the Chinese central bank the People’s Bank of China.

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Bitcoin, Gold and Silver

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.

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Gold A Good Store Of Value – Protect From $217 Trillion Global Debt Bubble

‘Mother of all debt bubbles’ keeps gold in focus. Global debt alert: At all time high of astronomical $217 T. India imports “phenomenal” 525 tons in first half of 2017. Record investment demand – ETPs record $245B in H1, 17. Investors, savers should diversify into “safe haven” gold. Gold good ‘store of value’ in coming economic contraction.

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Why Surging UK Household Debt Will Cause The Next Crisis

Easy credit offered by UK banks is endangering “everyone else in the economy”. UK banks are “dicing with the spiral of complacency” again. Bank of England official believes household debt is good in moderation. Household debt now equals 135% of household income. Now costs half of average income to raise a child. Real incomes not keeping up with real inflation. 41% of those in debt are in full-time work. £1.537 trillion owed by the end of May...

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Gold Seasonal Sweet Spot – August and September – Coming

Gold seasonal sweet spot – August and September – is coming. Gold’s performance by month from 1979 to 2016 – must see table. August sees average return of 1.4% and September of 2.5%. September is best month to own gold, followed by January, November & August.

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Against Irredeemable Paper – Precious Metals Supply and Demand

Something needs to be said. We are against the existence of irredeemable paper currency, central banking and central planning, cronyism, socialized losses and privatized gains, counterfeit credit, wealth transfers and bailouts, and welfare both corporate and personal.

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Did The Dutch Central Bank Lie About Its Gold Bar List?

Head of the Financial Markets Division of the Dutch central bank, Aerdt Houben, stated in an interview for newspaper Het Financieele Dagblad published in October 2016 that releasing a bar list of the Dutch official gold reserves “would cost hundreds of thousands of euros”. In this post we’ll expose this is virtually impossible – the costs to publish the bar list should be close to zero – and speculate about the far reaching implications of this...

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Millennials Can Punt On Bitcoin, Own Gold and Silver For Long Term

Bitcoin volatility shows not currency or safe haven but speculation. Volatility still very high in bitcoin and crypto currencies (see charts). Bitcoin fell 25% over weekend; Recent high of $3,000 fell to below $1,900. Bitcoin least volatile of cryptos, around 75% annualised volatility. Gold much more stable at just 10% annualised volatility.

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Gold Hedge Against Currency Devaluation and Cost Of Fuel, Food, Beer and Housing

Gold hedge against currency devaluation – cost of fuel, food, housing. True inflation figures reflect impact on household spending. Household items climbed by average 964%. Pint of beer sees biggest increase in basket of goods – rise of 2464%. Bread rises 836%, butter by 1023% and fuel (diesel) up by 1375%. Gold rises 2672% and hold’s its value over 40 years.

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Bank Of England Warns “Bigger Systemic Risk” Now Than 2008

Bank of England warn that “bigger systemic risk” now than in 2008. BOE, Prudential Regulation Authority (PRA) concerns re financial system. Banks accused of “balance sheet trickery” -undermining spirit of post-08 rules. EU & UK corporate bond markets may be bigger source of instability than ’08. Credit card debt and car loan surge could cause another financial crisis. PRA warn banks returning to similar practices to those that sparked 08 crisis....

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“Financial Crisis” In 2017 Or By End Of 2018 – Prepare Now

John Mauldin of Mauldin Economics latest research note, Prepare for Turbulence, is excellent and a must read warning about the coming financial crisis. Mind refreshed from what sounds like a wonderful honeymoon and having had the time to read some books outside his “comfort zone” he has come to the conclusion that we are on the verge of a “major financial crisis, if not later this year, then by the end of 2018 at the latest.”

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Stockholm Syndrome – Precious Metals Supply and Demand

Stockholm Syndrome is defined as “…a condition that causes hostages to develop a psychological alliance with their captors as a survival strategy during captivity.” While observers would expect kidnapping victims to fear and loathe the gang who imprison and threaten them, the reality is that some don’t.

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“Financial Crisis” Of Historic Proportions Is “Bearing Down On Us”

“Financial Crisis Of Historic Proportions” Is “Bearing Down On Us”. John Mauldin of Mauldin Economics lata“Financial Crisis Of Historic Proportions” Is “Bearing Down On Us”. John Mauldin of Mauldin Economics latest research note, Prepare for Turbulence, is excellent and a must read warning about the coming financial crisis.

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India Gold Imports Surge To 5 Year High – 220 Tons In May Alone

Gold imports into India have surged in the last six months thanks to festivals, economic recovery and concerns over a new tax regime and the push for the cashless society in India. Imports totalled 521 tonnes in the first half of this year, compared to just 510 tonnes in all of 2016.

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Putting the Latest Silver Crash Under a Lens

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.

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“Silver’s Plunge Is Nearing Completion”

– Silver’s plunge is nearing completion – Bloomberg analyst. Silver’s 10% sharp fall in seconds remains “mystery”. Plunge despite anemic global supply and strong demand .Total silver supply declined in ’16 – lowest level since ’13. Silver mine production down in ’16, first time in 14 years. Total silver supply decreased by 32.6 Mln Ozs in 2016 .Supply deficit in 2016- fourth consecutive year (see table). “Falling knife” caution but opportunity...

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China, Russia Alliance Deepens Against American Overstretch

China and Russia allied on Syria and North Korea. Beijing & Moscow economic & monetary ties deepen. Trump needs Russia in order to maintain balance of power in superpower triumvirate. Sino-Russian relations currently in their “best time in history” says Chinese President ahead of G20.

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