GCR, Silver, Gold and Economic News Tuesday AM 12-17-19
They are now calling it the "Global Monetary Reset"
You will be seeing a lot more on a “Global Currency Reset” in the MSM…..It’s already starting….
The debt is going to force this to happen.
(They show many examples of articles already talking about the GCR…..)
Mike Malony (Author of the “Hidden Secrets of Money” video series)
The Truth About Gold ETFs & All Time Highs - In Gold We Trust Part 7
Dec 17, 2019
Did you know that holdings in gold ETFs (Exchange traded funds) have been spiking?
This chart kicks off video #7 with Mike Maloney of GoldSilver and Ronnie Stoeferle of the In Gold We Trust report… it shows the renewed interest in gold from investors around the world.
You can see that the light blue area, which represents European ETFs, has expanded the most.
To Ronnie the jump in ETF holdings means gold is on its way to becoming a core asset to general investors again. The amount of demand they could bring into the gold market is enormous.
But it’s about more than just ETFs… Ronnie and his team talk to everyone about gold, from central bankers and institutional investors to individual investors and Uber drivers—see how he classifies the three types of investors and what it means for gold demand going forward.
Mike and Ronnie also discuss the concept of gold’s inflation-adjusted high. Ronnie relates an interesting story, where he told investors back in 2006 that his long-term target for gold was $2,300, at a time it was trading at $500.
While many thought he was crazy, he argued that that was simply adjusting the price for inflation. While inflation has continued growing since then and thus suggests a higher price target, he says that in bull markets “inflation-adjusted highs always get taken out.”
This means that on an inflation-adjusted basis, gold is still dirt cheap. And just as important, gold will overshoot any inflation-adjusted price in the next bull market.
If Mike and Ronnie are right, it’ll be a fun time for gold investors. Make sure you’re stocked and ready to rock.
Economic Collapse News - Boeing Halts 737 Production, Amazon Bans Fedex, Celadon Trucking Bankruptcy
Silver Report Uncut: Dec 17, 2019
First, we begin with Boeing and the reports they plan to halt production of the 737. We cover the companies statement regarding the stop. This is huge Boeing is the largest exporting manufacturer in the country and any cutbacks in production is sure to be felt throughout their entire supply chain.
Next in some major news Amazon has banned private sellers from using fed ex for prime delivery service. Amazon said the ban will remain in effect until they get their parcel delivery up to par with the other delivery services.
Amazon it'self is quickly becoming one of the largest shipping companies in its own right.
We also take a look at the largest trucking company bankruptcy in history celadon trucking has filed chapter 11 bankruptcy protection.
More than 3,000 have lost their jobs, and the company didn't have to warn in advance due to an inability to continue operating so many drivers had their fuel cards cancelled on the road and many were concerned they would be stranded.