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The Gold & Silver Ping List covers the following:
Everything Gold & Silver
Stock market investments in mining companies,
etc.
Why does it seem that the MSM is crickets with respect to gold (and, more to the point, the fall of the dollar)? After all, it's not really gold going up, but the dollar going down being watered down due to M2 creation. I'll surmise that something is up behind the scenes with regard to gold that the MSM does not want to spout publically. Glowbull banksters, internationally, are hoarding as fast as they can like Fall squirrels for their winter supply of acorns. As much as they can, they are purchasing gold in dribs and drabs, while central banks print, and gold is purchased with soon to be worthless fiat.
The retail prices, the stock market is also rapidly rising as is BTC, however I'll note both of those are not money, but rather money derivatives.
The base of the monetary system from which all else is derived is gold. The VALUE of gold is stable; it's the price relative to derivatives that is rising.
December futures on COMEX at $2650
A guy with his head on WRT gold is Clive Thompson.
Gold to Infinity and then a Reset Via CBDC. Interview with Clive Thompson
Between BRICS and bitcoin, the export value of the dollar as a reserve currency threatens to bring those dollars home, thus putting inflation on steroids.
“Record High at $2,615, Is $2,700 Next?”
If you don’t know, how the hell should we know? $2500 could be next. Or $4000. Or $1500. Buy some and find out yourself.
$5,000 is next.
The FED just agreed to print more useless greenbacks.
All supply, no demand, leads to inflation and anti-inflation hedges like gold.
“Record High at $2,615, Is $2,700 Next?”
It would seem $2,616 would be “next”.
My take is regardless who gets elected, this economy will crash. The latest drop in interest rate by the fed almost guarantees it. If Harris gets in, it will crash like a rock. If Trump gets in, it will be a more controlled crash landing, but it will crash nonetheless. The only way to protect your wealth now is precious metals. Guns and ammo probably aren’t bad investments, either.
Gold has been performing well, but silver is doing even better. Silver still appears historically undervalued relative to gold.
Gold would be north of $20K an ounce if we valued it like we did before 8/15/1971. Maybe something to look forward to when the fiat system collapses...
If YOU would like to be on a Gold & Silver PING LIST, please pm me.
The Gold & Silver Ping List covers the following:
Everything Gold & Silver
Stock market investments in mining companies,
etc.
