from Silver Seek:
The monetary metals pulled back sharply but have entered on stable footing. Silver is trading at $29.90 –and gold is $2,674.
The ongoing volatility is a reflection of uncertainty in the gold and silver markets globally, including fears of import tariffs from the incoming Trump administration.
If Trump slaps a tariff of, say, 10% on precious metals coming into the U.S., that would have a huge impact. 10% on silver would amount to $3 per ounce!
by Jan Nieuwenhuijs, Money Metals:
Gold’s strong performance over the last two years must be seen as an acceleration in the deleveraging of the global financial system. After many decades of inordinate credit creation—leading to excessive debt levels, asset bubbles, and too much monetary interdependence between nations—the financial system has started to heal itself through a rising price of gold.
The gold price will continue to rise in the years ahead until stability is restored.
Increased trust in credit instruments since the Second World War has inflated the global financial system to startling proportions. Rising geopolitical tensions, the debt overhang, and inflation are now undermining this trust, leading to a new balance between financial instruments with counterparty risk (credit) and without counterparty risk (gold) in favor of the price of gold (deleverage).
by Peter Schiff, Schiff Gold:
Gold futures soared on the back of yesterday’s December’s Consumer Price Index (CPI) data, climbing by $29.50 (1.10%) to settle at $2,722.60 for the most active February contract. The U.S. Bureau of Labor Statistics revealed that overall inflation rose 0.4% in December—exceeding November’s 0.3% pace and slightly above economists’ consensus of 0.3%. On an annual basis, the rate stood at 2.9% before seasonal adjustments, with core CPI (excluding food and energy) ticking 3.2%—just shy of expectations for 3.3%. This modestly higher-than-projected headline figure, coupled with marginally softer core data and recent optimistic jobs data, has prompted a wave of speculation about the Federal Reserve’s potential policy path.
by David Russell, Gold Seek:
In my first interview of 2025 I spoke to Patrick Karim of North Star Bad Charts. We dove straight into the markets for 2025, focusing on gold, silver, and other key assets. Patrick is always insightful, and this time I asked him what he thinks is in the charts for the year ahead.
Patrick pointed out gold’s remarkable long-term uptrend and is incredibly bullish about how it may perform in the months ahead. He sees the possibility of gold reaching between $3,400 and $4,000 by the end of 2025, though some consolidation along the way wouldn’t surprise him.
by Craig Hemke, Sprott Money:
2024 was a tremendous year for gold as the price rose by over 25%. More gains look to be coming in 2025, which leads many to ask if the price is too high for new purchases.
With any investment, buying low and selling high is the key to success. However, timing your purchases to coincide with price lows is always a difficult proposition. This is especially true with precious metals, where it always seems that your best opportunity to buy is at a time when investors are bearish and it seems that even lower prices are coming.
by David Russell, Silver Seek:
It’s only the 9th of January, but looking at the headlines, it feels like we’re already deep into the year. From devastating environmental crises to a President-elect already reshaping US foreign relations, and a bond market sell-off, the world is off to a tumultuous start.
Today, the United Nations Department of Economic and Social Affairs (UN DESA) will release the 2025 edition of its World Economic Situation and Prospects report. As has become a recurring theme, the authors highlight a significant gap between the story the numbers tell and the underlying realities. This year’s report focuses on critical minerals, a crucial topic as the world undergoes a major energy transition. Regular readers and investors will recognise the pivotal role of silver in green energy technologies, and we’re keen to see how this precious metal features in this year’s findings.
NEW – JPMorgan chief Jamie Dimon says "Bitcoin has no intrinsic value. It's used heavily by sex traffickers, money launderers, ransomware."pic.twitter.com/evw08ErJ27
— Disclose.tv (@disclosetv) January 13, 2025
by Greg Hunter, USA Watchdog:
Financial writer, market analyst and precious metals expert Craig Hemke predicted at the beginning of 2024 that the US National Debt would tack on another $2 trillion to the $34 trillion that was already there. The federal debt now stands at $36.3 trillion. Hemke was correct, and now he’s back with his 2025 predictions. Let’s start with where interest rates, they have already gone up dramatically in the last year. Hemke says, “If the economy really is sliding into recession, and they can’t get the budget under control, because of the liquidity that is going to be needed to control interest rates, the fed will be talking openly about yield curve control.”
by David Haggith, Gold Seek:
Janet Yellen figured out that Covid stimulus may have contributed “a little bit” to inflation. What a chipmunk! With dim-bulb illumination like that, it’s no wonder she finds it “hard to see how the math [of DOGE] works.” Is it hard to see how government efficiency helps reduce the budget deficit, Dear Yanet?
Yanet thinks that it was almost exclusively shortages of goods due to the supply-line crisis that caused inflation after the Covid lockdowns. Apparently, as Treasurer, she doesn’t know the most elementary formula for inflation: too much money chasing too few goods. She gets the last part because none of that can be blamed on her as Treasurer. She conveniently forgets—or was just never well educated in the fundamentals of economics—that it is when you have an over-supply of money confronting an undersupply of goods and services that inflation really catches fire because people will deploy the surplus money to chase after the goods they need or want.
by Peter Schiff, Schiff Gold:
For all of economic history, gold has served as the preeminent money. Individuals holding gold could rest easy knowing they had a hedge against economic uncertainty, at least until President Franklin Roosevelt made it illegal to own the yellow metal. 50 years after this tyrannical edict was repealed, sound money advocates should thank Gerald Ford for restoring gold to its rightful monetary role.
by Mike Maharrey, Gold Seek:
For the first December since 2019, gold-backed ETFs globally reported net inflows of gold.
Asian funds drove the global increase in ETF gold holdings to close out 2024.
On the year, ETF gold holdings dropped modestly by 6.8 tons, but assets under management (AUM) rose by 26 percent to a record high of $271 billion thanks to the skyrocketing price of gold.
by Peter Reagan, Birch Gold Group:
2024 was an incredible year for gold – and 2025 may be even better. With that in mind, here are my three favorite gold stories of the year and a sneak preview of what to expect in the year ahead…
Your News to Know rounds up the most important stories about precious metals and the overall economy. This week, we’ll cover:
from ZeroHedge:
Or at least not a desirable thing…
There’s a growing belief that regulatory clarity in the US will lead to a lot more tokenization, including for bank deposits. I agree with the first half of that thesis. Tokens are a superior form factor for a digital economy. But just because you can tokenize something doesn’t mean that you should. For too long, people have treated tokenization like it’s a supply side problem. If you tokenize it, they will come. What actually matters is demand, and that’s where tokenized bank deposits will fall short.
by Craig Hemke, Sprott Money:
Here we go again. Another year over and a new one just begun. It’s a time of gratitude and reflection. It’s a time of assessment and resolution. And it’s also a time of grandiose forecasts of the year to come.
The biggest challenge I have in writing these “macrocasts” is getting started. It always seems such a daunting task…and for what gain? Experience has taught me that much of what I’m about to write will be proven wrong over the months ahead anyway, so why make the effort?
