Economist’s “News and Views” Saturday 8-17-2024
Rafi Farber: 1970s Are Repeating, and That Is Good News for Gold
Arcadia Economics: 8-16-2024
Despite the rise to $2,500 an ounce, gold is still below where it was in 1971 in terms of percentage of assets on the Federal Reserve's balance sheet.
Back on August 15, 1971 - exactly 53 years ago yesterday - gold made up 12% of Fed assets.
Today, even at $2,500, it makes up less than 9%.
By those metrics, we are lower now at $2,500 than we were at $35 in 1971. From that point, gold rose by a factor of 24x to the 1980 top.
A repeat of that move brings us to a top of about $60,000 per ounce. That rally also ended with a 15:1 gold to silver ratio. That brings us to $4,000 per silver ounce in a full blown monetary panic.
This is not a prediction. It's just simple math, and if we do have a repeat of the 1970s, that it where the math leads. To learn more, click the button to watch the video now!
The 'Biggest Black Swan' That 'Scares' Rick Rule
David Lin: 8-17-2024
Rick Rule, Rick Rule, Founder of Rule Media, and co-founder of Battle Bank, answers viewer questions, including whether or not the economy is heading into a "global depression", outlook for commodities, and how he picks mining stocks.
0:00 - Intro
1:00 - Are we in a recession?
3:30 - Copper
6:35 - Rising debt
12:20 - Building prosperity
15:00 - Inflation
17:50 - Market sentiment
21:26 - Liquidity concerns
24:33 - Mining stocks
30:15 – Mining M&A
34:00 - Commodities and AI
38:00 - Copper deficits
40:30 - Rick's stock picking strategy
Dollar Liquidity Flooding Ahead, Sovereign Debt Crisis Looms - How to Monetize Chaos: Jack Mallers
Kitco News: 8-17-2024
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Jack Mallers, CEO and Founder of Strike, who warns that markets will be flooded with dollar liquidity “in a major way” before the year-end.
Mallers discusses the state of the U.S. economy, the Federal Reserve’s next moves, and implications for the equity markets and Bitcoin.
He explains how the U.S. government deals with its debt trap, stating that the only way out is by debasing the U.S. dollar, printing more money, and creating massive asset bubbles.
Mallers weighs in on how to “monetize” this chaos. He shares his thoughts on Bitcoin as a reserve asset, giving his latest Bitcoin price outlook for the short and longer term.
Mallers also explores the potential for Bitcoin as both a store of value and a medium of exchange, along with its role in the global financial system.