by Michael Maharrey, Schiff Gold:
A bill making its way through the North Carolina legislature would mandate a cost-and-benefit study on creating a state precious metals bullion depository. A bullion depository would not only create a safe place to store precious metals; it could also facilitate the everyday use of gold and silver in financial transactions in North Carolina and set the stage to undermine the Federal Reserve’s monopoly on money.
by Craig Hemke, Sprott Money:
The price of gold is up over $100 year-to-date and yet precious metal enthusiasts are suffering through some of the worst sentiment and depression on record. Why? It’s hard to say, but the performance of the mining shares thus far in 2023 has a lot to do with it.
Let’s start with the gold price. As I type this on June 20, COMEX gold is up $118 on the year or about 6.5%. This is right in line and moving toward the annual average gain since the new century began, as you can see below in this chart from Ronnie Stoeferle and his team at Incrementum.
by Jim Rickards, Daily Reckoning:
I recently revealed that the so-called “BRICS+” countries will announce the creation of a new currency at its annual leaders’ summit conference on August 22–24.
This will be the biggest upheaval in international finance since 1971. It’s taking direct aim at the dollar.
Quite simply, the world is unprepared for this geopolitical shock wave.
by Harvey Organ, Harvey Organ Blog:
ANOTHER T.A.S. INDUCED RAID: GOLD CLOSED DOWN $22.40 TO $1936.60//SILVER WAS DOWN $.89 TO $23.19//PLATINUM WAS DOWN $21.00 TO $965.90//PALLADIUM WAS DOWN $43.60 TO $1381.35//TWO IMPORTANT VIEW: ANDREW MAGUIRE LIVE FROM THE VAULT AND MATHEW PIEPENBERG//FRANCE’S LEPEN GAINING IN POPULARITY//UKRAINE VS RUSSIA UPDATES/COVID UPDATES/DR PAUL ALEXANDER//VACCINE IMPACT
from Birch Gold Group:
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Central banks could be planning modernize their gold reserves, Wheaton CEO’s gold and silver predictions, and BlackRock’s analysts on gold’s near-term prospects.
Rick Mills’ attempt to explain how a gold revaluation account (GRA) works is a lengthy and convoluted affair, mostly because the subject matter is as well. I‘ll take a minute to summarize the concept because it’s relevant not only to central bank gold reserves, but also to the ongoing banking crisis.
by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED UP $0.70 TO $1959.00.//SILVER CLOSED UP 23 CENTS TO $24.08//PLATINUM CLOSED DOWN $3.95 TO $986.90 WHILE PALLADIUM CLOSED UP $24.85 TO $1424.95//KEY COMMENTARIES TO VIEW: TUCKER CARLSON AND SIMON WHITE//UPDATES ON UKRAINE VS RUSSIA WAR//COVID UPDATES/VACCINE IMPACT/DR PAUL ALEXANDER//SLAY NEWS/EVOL NEWS//CANADA’S C.R.E. SET TO BLOW UP ACCORDING TO CDN EXPERT ON FINANCIAL AFFAIRS//USA DATA//IN USA REGIONAL BANKS ALREADY IN TROUBLE WITH THEIR BOND HOLDINGS ARE NOW TRYING TO UNLOAD THEIR CRE
by Harvey Organ, Harvey Organ Blog:
BOTH GOLD AND PLATINUM UNDERGO AN UPSIDE OUTSIDE DAY REVERSAL : GOLD FINISHED THE COMEX SESSION UP $2.80 TO $1958.30 WHILE SILVER WAS DOWN 17 CENTS TO $23.85//PLATINUM WAS UP $12.05 TO $990.85 WITH PALLADIUM DOWN 40 CENTS TO $1400.10//BIG NEWS OF THE DAY WAS THE ROBERT LAMBOURNE REPORTING THAT A CENTRAL BANK (WITHOUT A DOUBT THE USA) INCREASES ITS GOLD SWAPS WITH THE BIS TO 188 TONNES OF GOLD//BIS IS WORRIED THAT THEY MAY NOT GET ITS GOLD BACK//POOR ECONOMIC DATA TODAY SENDS THE YUAN TUMBLING//ECB RAISES ITS INTEREST RATE BY 25 BASIS POINTS//COVID UPDATES/VACCINE IMPACT/SLAY NEWS/DR PAUL ALEXANDER//INITIAL JOBLESS RATES IN THE USA RISES AGAIN
by Michael Maharrey, Schiff Gold:
Given the current macroeconomic environment and the supply and demand dynamics, silver is significantly undervalued at $24 to $25 an ounce.
The bullish case for silver in the mainstream typically revolves around price inflation. There are certainly reasons to think inflation is stickier than the powers that be want to admit and that the Federal Reserve isn’t going to be able to win the inflation fight. That is bullish for both silver and gold.
But I don’t hear a lot of people in the mainstream talking about the looming supply shortage in the silver market.
by Harvey Organ, Harvey Organ Blog:
ANOTHER T.A.S. INDUCED RAID BY THE CROOKED BANKERS AS OUR MINING FRIENDS LOOK ON WITH GLEE//GOLD CLOSED DOWN $10.30 TO $1945.20//SILVER CLOSED DOWN ANOTHER 25 CENTS TO $23.73//PLATINUM IS DOWN $13.40 TO $980.75 WHILE PALLADIUM WAS UP $16.35 TO $1363.20//UPDATES RUSSIA VS UKRAINE//COVID UPDATES//DR PAUL ALEXANDER// SLAY NEWS/EVOL NEWS//USA DATA ON THE CPI
by Harvey Organ, Harvey Organ Blog:
ANOTHER T.A.S. INDUCED GOLD AND SILVER RAID: GOLD CLOSED DOWN $7.10 TO $1955.50, SILVER CLOSED DOWN $.26 TO $23.98//PLATINUM CLOSED DOWN $19.95 TO $994.15 WHEREAS PALLADIUM CLOSED UP $22.45 TO $1346.85//IMPORTANT GOLD COMMENTARIES TODAY FROM MATHEW PIEPENBURG AND MICHAEL MAHARRY OF SCHIFFGOLD//ALSO AMBROSE EVANS PRITCHARD ON THE PLIGHT OF CHINA AND WHAT IT MEANS TO US://CHINA AND USA CONFIRM THAT CHINA ORCHESTRATED SPY RINGS IN CUBA SPYING ON USA//GERMANY WILL HAVE ENERGY PROBLEMS FOR QUITE SOME TIME//COVID 19 PROVEN TO COME FROM WUHAN LAB//LAW SUITS FLYING OVER COVID VACCINE/DR PAUL ALEXANDER//SLAY NEWS/EVOL NEWS//UPDATES ON RUSSIAN UKRAINE WAR//UPDATES ON CANADIAN FIRES AND QUALITY OF AIR//HUGE SWAMP STORIES FROM GATEWAY PUNDIT ON THE CROOKED BIDEN FAMILY
by Hubert Moolman, Survival Blog:
We have now moved into an era of rising interest rates that is similar to a period that started in the early 1940s.
At the start of this period, the Government Debt to GDP ratio was also around 120%, close to where it eventually topped/popped.
Despite high relative debt levels and a rising interest rate environment, the US was in a good position due to the US dollar being the premier world currency as a result of the 1944 Bretton Woods agreement.
