from GoldSilver (w/ Mike Maloney):
TRUTH LIVES on at https://sgtreport.tv/
Industrial Demand for Silver on Pace to Set Record in 2023
by Peter Schiff, Schiff Gold:
Industrial demand for silver is expected to set a record in 2023.
According to a forecast by Metal’s Focus in conjunction with the Silver Institute, industrial silver demand is on pace to rise by 8% to a record 632 million ounces. Investment in photovoltaics, power grid, and 5G networks, along with growth in consumer electronics and rising vehicle output are key drivers behind the elevated industrial demand.
Ask the Expert – James Turk
by Craig Hemke, Sprott Money:
In this episode of Ask the Expert, host Craig Hemke and guest James Turk discuss:
- The current state of the precious metals industry
- Analysis of interest rates and their impact
- Outlook on the economy, inflation, monetary policy and much more!
Watch the full video below.
CENTRAL BANKS ARE BUYING PHYSICAL GOLD FOR THEIR OFFICIAL RESERVES
by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED DOWN $4.15 TO $1977.95/SILVER CLOSED DOWN 26 CENTS TO $23.51//PLATINUM CLOSED UP $24.95 TO $923.90 WHILE PALLADIUM CLOSED UP $32.25 TO $1087.75//CENTRAL BANKS ARE BUYING PHYSICAL GOLD FOR THEIR OFFICIAL RESERVES AND//IMPORTANT GOLD COMMENTARY TODAY FROM MATHEW PIEPENBERG//MELEI WINS THE ARGENTIAN ELECTION AND HE IS RIGHT WING, A LIBERTARIAN, FREE MARKET AND A STRONG SUPPORTER OF STORING PHYSICAL GOLD AS AN OFFICIAL ASSET. HE IS A STRONG SUPPORTER OF ISRAEL//INDIA PURCHASES A MASSIVE 125 TONNES OF GOLD IN OCT.//WILL BE DIFFICULT FOR THE FED TO PURCHASE IS 67 TONNES OF GOLD SHORTFALL//UPDATES ON ISRAEL-GAZAN WARN: FINALLY SHIFA HOSPITAL REVEALS MASSIVE WEAPONRY AND OTHER STUFF REVEALING ITS MILITARY COMMAND CENTRE//ISRAEL SURROUNDS INDONESIAN HOSPITAL AS WELL AS POUNDING THE SOUTH PART OF GAZA//COVID UPDATES//VACCINE INJURIES//DR PAUL ALEXANDER, SLAY NEWS/EVOL NEWS/NEWS ADDICTS//USA LEADING INDICATORS DROP FOR 19TH STRAIGHT MONTH
Dutch Central Bank Admits It Has Prepared for a New Gold Standard
by Jan Nieuwenhuijs, Gainesville Coins:
In a recent interview the Dutch central bank (DNB) shares it has equalized its gold reserves, relative to GDP, to other countries in the eurozone and outside of Europe. This has been a political decision. If there is a financial crisis the gold price will skyrocket, and official gold reserves can be used to underpin a new gold standard, according to DNB. These statements confirm what I have been writing for the past years about central banks having prepared for a new international gold standard.
At $35 per ounce the Fed values its gold at $11.037 billion. What’s the gold really worth and why the low valuation?Your Credit Card Company Might Be Bankrolling Left-Wing Activism
by Robert Schmad, The Daily Caller:
Charitable foundations funded by credit card companies and managed by their executives are pouring millions of dollars into liberal advocacy organizations, tax filings show.
The American Express Foundation and the Visa Foundation, philanthropic arms of two of the largest credit card companies in the world, gave grants to several major left-wing groups between 2019 and 2021. Executives from Visa and American Express sit on the boards of their respective foundations, both of which have taken millions from the corporations that established them.
Anti-Woke Central Bank Nemesis Javier Milei Wins Argentina’s Presidential Election
from ZeroHedge:
Javier Milei, the outsider libertarian candidate with radical solutions to Argentina’s economic crisis, has just won Sunday’s presidential runoff against Economy Minister Sergio Massa.
In a surprise outcome, Massa conceded in a speech to supporters in Buenos Aires on Sunday even before the official results were released, saying he called Milei to congratulate him on his victory.
What’s Behind the Wave of Bank Account Closures?
from Birch Gold Group:
From Peter Reagan at Birch Gold Group
We’ve already reported that your bank could fail at any time thanks to the Fed’s fight against inflation. Banks adapted to a near-zero interest rate environment over the last two decades, and today they’re in bad shape overall.
Today, many are offering tempting yields on savings accounts. (Because it’s cheaper to borrow money from you, the customer, than from the Federal Reserve’s emergency funding program. I cannot stress this enough: no bank is truly safe.
Now, so long as your deposits stay under the FDIC’s insurance limits, a bank failure might be little more than a temporary inconvenience. When a bank does fail, the FDIC generally creeps in on a Sunday and makes sure everything is open for business as usual Under New Management the following morning.
The Great Taking: Part 1
from Peak Prosperity:
TRUTH LIVES on at https://sgtreport.tv/
U.S. Financial Death Spiral – John Rubino
by Greg Hunter, USA Watchdog:
Analyst and financial writer John Rubino has a new warning about being fooled into thinking the economy is improving because inflation and interest rates have fallen some recently. Rubino says, “If the U.S. government is running crisis level deficits, which it is right now, borrowing money and paying interest on it means we are in a financial death spiral. The debt goes up, the interest on the debt goes up and that raises the debt even further, and you just spiral out of control. We are there right now. The official U.S. debt is $33.5 trillion. It’s growing by $1.7 trillion a year, and $1 trillion of that is interest costs. Interest costs are rising as the overall debt goes up. Then throw in this incredibly reckless military spending in the guise of foreign aid, and you get a society that has completely lost control. That’s where we are now. We are in the blowoff stage of a 70-year credit super-cycle. Those things do not end with a whimper, and they certainly do not end with a soft landing. They end with a bang, and the bang is going to be centered on the currency. People are going to look at this and say, ‘Do I really want to hold the currency or bonds of a country that is destroying its finances at this trajectory and this scale?’ The answer will be ‘No.’ At that point, it is game over for a deeply indebted economy. We are headed that way fast, and these wars are taking us that way even faster.”
The Bottom 80% Has Gotten Significantly Poorer Since The Pandemic Began, And This Is Creating A “Robin Hood Mentality” All Over America
by Michael Snyder, The Economic Collapse Blog:
The rich have been getting richer and the poor have been getting poorer, and this is causing all sorts of societal problems. Thanks to social media, the poor can see the incredible affluence that the wealthy are enjoying, and they are deeply envious. Of course it certainly doesn’t help that flaunting wealth has become one of the favorite pastimes of the wealthy. Many of them love to post photos and videos of their luxury lifestyles on their social media accounts, and that is not a good thing. Because times have not been good for most of the country. In fact, a brand new study from the Federal Reserve has discovered that the bottom 80 percent have “lower bank deposits and other liquid assets compared to their status in March 2020”…
An Answer Long-Overdue
by Ted Butler, Silver Seek:
One of the key data points in silver is the level and change in recorded bullion inventories, primarily in the COMEX warehouses and the silver ETFs. Particularly over the past few years, any number of daily commentaries have sprung up, slicing and dicing the inventory data, with special emphasis on the COMEX warehouse data, as total inventories there have fallen from roughly 400 million oz (the all-time high) at the start of 2021, to 266 million oz today, a decline of a third and supportive of a physical shortage.
Major Hedge Fund Turns to Gold
by Michael Maharrey, Schiff Gold:
Greenlight Capital reported a major increase in its exposure to gold as the hedge fund’s founder worries about the direction of the markets. In a Q3 letter to investors, David Einhorn expressed concern about geopolitical uncertainty, the rising price of oil, and inflation.
Greenlight famously shorted Lehman Brothers before its 2008 failure.
According to third-quarter 13-F filings with the Securities and Exchange Commission, Greenlight plunged $34.9 million into SPDR Gold Trust, the world’s largest gold-backed ETF. That increased the fund’s stake in the ETF by 89.2%, a record exposure to gold for Greenlight.
