Gold Prices Show There's a "Big Short" Going on in Official Currencies
• https://www.lewrockwell.com, By Thorsten PolleitOn August 4, 2020, the price of gold surpassed $2,000 per ounce, currently trading around an all-time high of $2,050 per ounce.
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On August 4, 2020, the price of gold surpassed $2,000 per ounce, currently trading around an all-time high of $2,050 per ounce.
While one may say that the price of gold is on the rise, it would actually be more meaningful to say that the purchasing power of the world's fiat currencies vis-à-vis gold is on the decline, because this is what a rising price for gold and silve
Last week was a big week for precious metals. Gold broke above $2,000 an ounce and kept climbing, pushing over $2,075 later in the week.
The Gold and Bitcoin Bull Run Is Just Beginning A long-term trend of investor demand for stores of value has only just begun, with policy doors now open that won't be easily closed again. That's a huge mark in favor of gold and Bitcoin.
Judy Shelton, a Trump nominee to the Fed Board of Governors, may not have coined the excellent term "Fed Bug," but she used it to delicious effect in this 2019 Financial Times interview:
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If one goes by the official Chinese data, whereas in the summer of 2015 there was a massive capital outflow in the aftermath of the sudden yuan devaluation, recent months have been a paragon of stability despite the yuan trading on the wrong side of
Gold reached a new milestone Tuesday, breaking above $2,000 for the first time ever.
There appears to be no way out for the bullion banks deteriorating $53bn short gold futures positions ($38bn net) on Comex. An earlier attempt between January and March to regain control over paper gold markets has backfired on the bullion banks.
A world reserve currency is supposed to be superior in storing value, but through boundless money-printing the U.S. dollar hasn't been able to compete with gold by a long shot...
Nightmare For Bullion Banks Continues As Silver Hits $30 In Overseas Trading And Gold Surges Toward $2,100
The Endless Melt Up: Gold And Silver Soar, Global Stocks Turn Green For 2020; Apple $2 Trillion Any Second
The buying pressure on precious metals has continued overnight with gold and silver futures extending yesterday's impressive gains.
Everyone is piling into everything. That's probably the best way to describe the market frenzy this week which has seen an all time high in the Nasdaq and gold, an all time low 10Y yields, and an S&P that is just shy of its all time highs.
$2,000 Gold Record! Silver Will Win First Place!
For the third time in a week, gold futures have spiked above the Maginot Line of $2,000.
Here Are July's Best And Worst Performing Assets
Traders on the main gold futures exchange in New York just issued the largest daily physical delivery notice on record.
In spite of the officially declared "independence" of the Federal Reserve from the immediate political control of either Congress or the White House, America's central bank is, nonetheless, a branch of the U.S. government...
The US Mint has reduced the volume of gold and silver coins it's distributing to authorized purchasers as the coronavirus pandemic slows production, a document seen by Bloomberg shows.
Financial writer John Rubino says gold is at new all-time highs, silver is vaulting upward and there is no end in sight for the massive money printing around the world.
In spite of the officially declared "independence" of the Federal Reserve from the immediate political control of either Congress or the White House, America's central bank is, nonetheless, a branch of the U.S. government that is responsible fo
In spite of the officially declared "independence" of the Federal Reserve from the immediate political control of either Congress or the White House...
In his morning critique of goldbugs' resurgent optimism about the future of gold, which has exploded alongside the price of precious metals, which in turn have been tracking the real 10Y rate tick for tick...
Financial writer and precious metals expert Bill Holter says, "Gold is like a tractor in first gear pulling up a hill," as it touches all-time highs once again.
Josh Sigurdson talks with Max Porterfield, CEO of Callinex Mines Inc. about the skyrocketing price of silver and gold as economies and stock markets throughout the world shutter.
The cryptocurrency economy has spiked significantly on July 26 into the overnight trading sessions capturing over $300 billion in value. Bitcoin is trading above the $10,360 zone while ethereum is swapping for $321 per coin.
From the beginning of this virus, political elites have used the language of war. The invisible enemy would be contained, suppressed, and beaten into submission. Then….it would go away.