Opinion: Gold Prices Could Move Higher If………
.Opinion: Gold Prices Could Move Higher If………
Opinion: Gold prices could move higher if these 2 things happen with the economy and market timers
May 22, 2020 By Mark Hulbert
Stronger consumer spending and more pessimism from market timers could set up a gold rally
Referenced Symbols GC00 +0.74% SPX +0.23% GDX -0.30%
Why hasn’t the Federal government’s extraordinary fiscal and monetary stimulus led to higher inflation and bigger increases in gold? Imagine if we were told last February that $5 trillion would be injected into the U.S. economy by May — a $3 trillion increase in the Federal Reserve’s balance sheet and $2 trillion in Congress’ fiscal stimulus (the CARES act). I would have expected both gold prices and inflation expectations to explode.
Yet they instead have reacted with little more than a shrug. According to the Cleveland Federal Reserve, expected inflation annualized over the next 10 years has fallen to 1.16% from 1.62% in February.
Here’s Why Stashing Some Gold Could Soon Be Illegal
.Here’s Why Stashing Some Gold Could Soon Be Illegal
Stashing some gold? Here’s why that could soon be illegal, according to one notable hedge-fund bear
May 20, 2020 By Shawn Langlois
‘It is no surprise that people are buying gold. But the authorities may attempt at some point to de-monetise gold, making it illegal to own as a private individual. They will only do this if they feel the need to create a stable unit of account for world trade.’
That’s Crispin Odey, a European hedge-fund manager known for stealing headlines with his doomsday predictions, explaining in a note posted on Bloomberg News on Wednesday why he believes that private gold ownership could be banned if the government loses control of inflation.
Another Week, Another $3 Trillion Bailout
.Another Week, Another $3 Trillion Bailout
Notes From The Field By Simon Black May 18, 2020 Bahia Beach, Puerto Rico
At precisely 9:26pm this past Friday night, May 15th, the House of Representatives in the United States passed the “Health and Economic Recovery Omnibus Emergency Solutions Act.”
For short, they call it the HEROES Act.
And yes, it’s as ridiculous as it sounds.
Bear in mind that Congress passed the first bailout bill-- the “Families First Coronavirus Response Act” on March 14th. That set the taxpayers back $1.3 trillion.
Less than two weeks later, Congress passed the “Coronavirus Aid, Relief, and Economic Security Act”, or CARES, which cost a hefty $2 trillion.
"Dying Economy, Fed Incompetence"
."Dying Economy, Fed Incompetence" - Robert Kiyosaki Sees Bitcoin At $75k In 3 Years
By Tyler Durden Sun, 05/17/2020 – Zero Hedge Authored by Jeffrey Albus via CoinTelegraph.com,
Robert Kiyosaki (Rich Dad Poor Dad) predicts that Bitcoin’s price will rise nearly 100% per year over the next three years.
Robert Kiyosaki, businessman and best selling author of the book Rich Dad, Poor Dad, has taken to Twitter once again to proclaim his bullish position on Bitcoin.
His prognosis? BTC’s price is heading to $75,000 in three years.
How Kiyosaki values each asset
In a viral May 16 tweet, Kiyosaki states that his fear of a dying economy has led him to purchase more of three assets that he ostensibly considers valuable outside of the traditional financial system: Gold, Silver, and Bitcoin (BTC).
The Great Deflation Then Hyperinflation
.Join Mike Maloney and Harry Dent in this epic 60 minute discussion about deflation, filmed in late 2015.
This first video was originally the 'Bonus Feature' for Episode 6 of Mike Maloney's 'Hidden Secrets of Money' series, but it contains so much useful information on how a deflationary period may play out that we have decided to release it here now on YouTube to as many people as possible. Thanks for watching, and thanks for sharing the video.
Almost 5 years to the very day of the original video on The Great Deflation this second video interview with Mike talks about current economic events – He covers many areas such as Gold – Silver – Transfer of Wealth – Corona Virus -Federal Reserve – IMF – Free Market – Socialism – Economic Collapse - Supply Chain - Fragile Monetary System - Gold Standard - Cryptocurrency - and so much more – Very Informative - Don’t Miss These Videos!!
How To Store Silver Bars and Coins At Home - Mike Maloney
.How To Store Silver Bars & Coins At Home - Mike Maloney
There are lots of reasons to buy silver—it’s a real asset, the coins are beautiful, it will likely outperform gold, and it’s more affordable. But that affordability comes with a catch. Once you start to accumulate, you quickly realize that silver requires a lot more storage space than gold.
It’s relatively easy to hide some gold coins in a sock drawer or cookie jar, but those hiding places are impractical for the same dollar amount of silver. So how do we store our silver bullion both efficiently and safely? And should it be stored at home anyway? This article has some potential solutions for those investors that are stacking silver…
USA's DEBT CRISIS: Is This The End Of The System?
.USA's DEBT CRISIS: Is This The End Of The System?
Mike Maloney 130,807 views•Premiered May 6, 2020
GoldSilver (w/ Mike Maloney) 551K subscribers
Join Mike Maloney as he takes an x-ray machine and a scalpel to the budget books of the US Government.
In this Special Report you’ll get an in-depth look at why Mike believes the USA has painted itself into a corner without any thought of how to get out. What are the ramifications? As Mike says, we may very well be witnessing the end of the current fiat system.
Did The Coronavirus Kill The Global Economy?
.Did The Coronavirus Kill The Global Economy?
By: Andrew Moran
Please, Sir, May I Have Some More?
Before the Coronavirus pandemic put the world’s largest economy behind bars, surveys revealed that anywhere from a fifth to one-third of Americans were living paycheck to paycheck. The polls discovered that many U.S. households were one financial emergency away from ruin, or a lot of consumers could not find $300 to cover an unforeseen circumstance.
And this was in one of the greatest bull markets in modern history. Now that the country has been shut down for more than a month and millions have lost their jobs, it is difficult to make ends meet and maintain a basic living standard. The federal government tried to remedy the situation by cutting most people a check. But is $1,200 enough?
According to the results of a new WalletHub study, 84% of Americans want a second round of stimulus checks. The site’s “Coronavirus Relief Survey” essentially serves as an assessment on the state of the union in a time of COVID-19, and it offers some interesting insights into Americans’ perspectives on what is happening.
Will COVID-19 Reset The Global Monetary Order?
.Will COVID-19 Reset The Global Monetary Order?
By: Andrew Moran May 08, 2020 Articles, Economic Affairs, Politics, Social Issues
Who will stand tall and who will fall to the Coronavirus after the pandemic?
In response to the Great Recession a decade ago, the international community fired off the big guns to stave off the inevitable decay of the global economy that had been manipulated and distorted through the Keynesian doctrine. Despite the massive fiscal and monetary stimulus at the time, many countries failed to recover from the financial crisis – and those that survived the market meltdown are still paying for the spending and bailouts.
After pulling the trigger on the Coronavirus-targeted bazookas, the world’s pockets are empty, potentially creating a scenario for a reset in the global monetary order. On the other side of the lockdown, who will stand tall and reign supreme? If history is any indicator, it will either be the country with a lifetime supply of printing press ink or the one with a vault full of gold.
And The Winner Of The Next Half Trillion Dollar Bailout Is...
.And The Winner Of The Next Half Trillion Dollar Bailout Is...
Notes From The Field By Simon Black May 4, 2020 Bahia Beach, Puerto Rico
At precisely 4pm on Friday October 17, 1975, New York City’s government would have a $453 million debt to repay.
But literally the night before, the city’s government had only $34 million on hand.
It was the makings of an epic financial crisis: the wealthiest city in the world was about to declare bankruptcy.
New York City’s mayor Abe Beame had called US President Gerald Ford numerous times begging for federal assistance, but Ford refused. The nation had bigger problems to deal with.
New York was desperate.
All That Glitters: Why I’m Not Investing In Gold
.All That Glitters: Why I’m Not Investing In Gold
By J.D. ROTH| Published: 28 April 2020
Over the past month, I've read a lot of articles about the virtues of investing in gold. Especially in Facebook forums, there's a lot of talk about how gold makes a great long-term investment. (Fortunately, I haven't seen any comments like this in the GRS community on Facebook.)
Whenever the economy gets turbulent, the goldbugs come out in force. They shout from the hilltops that the world is doomed and that the only safe haven is gold. And I'll admit, their arguments can sound pretty convincing.
When I started this site in 2006, I felt unqualified to comment on gold. I hadn't read much about it, and I didn't feel educated enough to offer an opinion. That's changed.
Now, after fifteen years of reading and writing about money, I know enough about economic history and I know enough about gold as an investment to have what I believe is a (somewhat) educated response to this subject. And that response is this: Gold makes a lousy long-term investment.