from Brother Nathanael:
TRUTH LIVES on at https://sgtreport.tv/
Why Global Gold Demand Has Never Been Higher
from Birch Gold Group:
After shattering 30 all-time high price records, global demand for gold also hit an all-time high this year. Is massive demand causing record high prices? Or are high prices causing fear of missing out? Let’s dive into the forces behind record gold demand…
Your News to Know rounds up the most important stories about precious metals and the overall economy. This week, we’ll cover:
- Gold demand hits $100 billion for the first time ever
- Election year is good for gold regardless of the results
- Something is amiss in the inflation readings…
- …should we believe them or not?
The Gold Price Rises Regardless
by Craig Hemke, Sprott Money:
Rising Gold Prices Amid Economic Uncertainty
It’s going to be a busy week for gold and silver prices as the U.S. holds its presidential election. Will Trump win? Will Harris win? No one can say for certain, but one thing we do know: The price of gold will rise over the next four years regardless of who becomes the next president.
And why do we know this for certain? Because neither candidate has put forth a proposal to manage the runaway fiscal debt and deficit of the United States. As such, the only plan is to continue on the same course. Borrow, spend, and hope that the system can continue indefinitely.
Silver Short Squeeze Coming?
by Richard Mills, Ahead Of The Herd:
Gold’s rally, which started in mid-February, has been underpinned by increased geopolitical risks, the upcoming US election, central bank buying, and slowing ETF sales. It last traded at $2,744 an ounce, up 37% so far in 2024.
But silver has done even better, notching a YTD gain of 46%. Spot silver is now worth $33.67, as of Monday, 20:30 New York time. Last Tuesday it hit $34, the highest level since 2012.
BRICS for the First Time Commits to Digital Sovereignty – and Brazil Could Lead the Way
by Uriel Araujo, Global Research:
Earlier this month Brazil’s Supreme Court lifted its ban on X (formerly Twitter) after Elon Musk finally complied with the court orders. It was the end of a months-long standoff between Justice Alexandre de Moraes and Musk (X was suspended on August 31). The matter has often been addressed as an issue of “free speech”, but with the recent BRICS Summit Declaration on digital sovereignty, one can clearly see that the discussion here should not be just about “censorship”. The BRICS Summit in Kazan, held from October 22 to 24 (2024), for the first time held a meeting with its expanded format, now including new member states such as Iran, Saudi Arabia, Egypt, and Ethiopia.
Gold & Silver Not Done Yet
by David Brady, Sprott Money:
Precious Metals Fundamentals
In terms of fundamentals, we have a dovish Fed and elections dead ahead. The Fed has already cut rates by 50 basis points to 5.00%. Another 25-basis point cut is already baked into the cake on November 7, with a probability of 92%.
As for the elections, whoever wins, they are likely to continue massive fiscal spending, driving up inflation at the same time interest rates are falling. The only downside risk is another 2000 event, where the result of the election is disputed.
Geopolitical events, such as war in the Middle East, have died down for now, but this may be the calm before the storm. Any escalation in hostilities is bad for the world but typically good for Gold and Silver, as the Ukraine and Israeli invasions showed.
