Best of the Week
Most Popular
1. US Housing Market House Prices Bull Market Trend Current State - Nadeem_Walayat
2.Gold and Silver End of Week Technical, CoT and Fundamental Status - Gary_Tanashian
3.Stock Market Dow Trend Forecast - April Update - Nadeem_Walayat
4.When Will the Stock Market’s Rally Stop? - Troy_Bombardia
5.Russia and China Intend to Drain the West of Its Gold - MoneyMetals
6.BAIDU (BIDU) - Top 10 Artificial Intelligence Stocks Investing To Profit from AI Mega-trend - Nadeem_Walayat
7.Stop Feeding the Chinese Empire - ‘Belt and Road’ Trojan Horse - Richard_Mills
8.Stock Market US China Trade War Panic! Trend Forecast May 2019 Update - Nadeem_Walayat
9.US China Trade Impasse Threatens US Lithium, Rare Earth Imports - Richard_Mills
10.How to Invest in AI Stocks to Profit from the Machine Intelligence Mega-trend - Nadeem_Walayat
Last 7 days
Eye Opening Currency Charts – Why Precious Metals Are Falling - 23rd May 19
Netflix Has 175 Days Left to Pull Off a Miracle… or It’s All Over - 23rd May 19
Capitalism Works, Ravenous Capitalism Doesn’t - 23rd May 19
The Euro Is Bidding Its Time: A Reversal at Hand? - 23rd May 19
Gold Demand Rose 7% in Q1 2019. A Launching Pad Higher for Gold? - 23rd May 19
Global Economic Tensions Translate Into Oil Price Volatility - 22nd May 19
The Coming Pension Crisis Is So Big That It’s a Problem for Everyone - 22nd May 19
Crude Oil, Hot Stocks, and Currencies – Markets III - 22nd May 19
The No.1 Energy Stock for 2019 - 22nd May 19
Brexit Party and Lib-Dems Pull Further Away from Labour and Tories in Latest Opinion Polls - 22nd May 19
The Deep State vs Donald Trump - US vs Them Part 2 - 21st May 19
Deep State & Financial Powers Worry about Alternative Currencies - 21st May 19
Gold’s Exciting Boredom - 21st May 19
Trade War Fears Again, Will Stocks Resume the Downtrend? - 21st May 19
Buffett Mistake Costs Him $4.3 Billion This Year—Here’s What Every Investor Can Learn from It - 21st May 19
Dow Stock Market Trend Forecast 2019 May Update - Video - 20th May 19
A Brief History of Financial Entropy - 20th May 19
Gold, MMT, Fiat Money Inflation In France - 20th May 19
WAR - Us versus Them Narrative - 20th May 19
US - Iran War Safe-haven Reasons to Own Gold - 20th May 19
How long does Google have to reference a website? - 20th May 19
Tory Leadership Contest - Will Michael Gove Stab Boris Johnson in the Back Again? - 19th May 19
Stock Market Counter-trend Rally - 19th May 19
Will Stock Market “Sell in May, Go Away” Lead to a Correction… or a Crash? - 19th May 19
US vs. Global Stocks Sector Rotation – What Next? Part 1 - 19th May 19
BrExit Party EarthQuake Could Win it 150 MP's at Next UK General Election! - 18th May 19
Dow Stock Market Trend Forecast 2019 May Update - 18th May 19
US Economy to Die a Traditional Death… Inflation Is Going to Move Higher - 18th May 19
Trump’s Trade War Is Good for These 3 Dividend Stocks - 18th May 19
GDX Gold Mining Stocks Fundamentals Update - 17th May 19
Stock Markets Rally Hard – Is The Volatility Move Over? - 17th May 19
The Use of Technical Analysis for Forex Traders - 17th May 19
Brexit Party Set to Storm EU Parliament Elections - Seats Forecast - 17th May 19
Is the Trade War a Catalyst for Gold? - 17th May 19
This Is a Recession Indicator No One Is Talking About—and It’s Flashing Red - 17th May 19
War! Good or Bad for Stocks? - 17th May 19
How Many Seats Will Brexit Party Win - EU Parliament Elections Forecast 2019 - 16th May 19
It’s Not Technology but the Fed That Is Taking Away Jobs - 16th May 19
Learn to Protect your Forex Trading Capital - 16th May 19
Gold Ratio Charts Offer The Keys to the Bull Market - 16th May 19
Is Someone Secretly Smashing the Stock Market at Night? - 16th May 19

Market Oracle FREE Newsletter

U.S. House Prices Analysis and Trend Forecast 2019 to 2021

The Rush to Gold: A New Respect Is Growing

Commodities / Gold and Silver 2016 Jun 15, 2016 - 07:18 PM GMT

By: MoneyMetals

Commodities

You didn't come here today for bad news. There's plenty of that everywhere you look, and even where you don't look.

So here's the good news. A new rush to gold has begun. To see where we're headed, let's first see where we've been.

Gold and silver owners in the first ten years of this new century were in for quite a ride, watching gold soar to $1,895 and silver to $49 by 2011. Even those who jumped in midway saw their paper money values zoom.


Gold had bottomed at $255.95, Apr 2, 2001. Note the gold bull began months before the attacks of 9/11. Silver bottomed nine weeks after the attacks at $4.06, alongside crashing stock markets.

The national debt in 2001 was $5.8 trillion, on its way to today's $20 trillion. Savers and retirees could depend on CD and bond returns well north of 5%. U.S. bonds were still triple-A rated. You could take your cash from your bank without federal snooping.

“War on cash” was an unknown socio-economic term. No one predicted massive, taxpayer funded bail-outs, threats of bail-ins, or the terrible twins, ZIRP and NIRP – zero and negative interest rates.

Gold Rides an Escalator, while Silver Rides a Roller Coaster

While the DOW and S&P languished in the agony of three crashes from March of 2000 through 2009, gold and silver got no respect from Wall Street or financial media. That's despite gold doubling in paper money terms 2.8 times from 2001 to 2011. Silver had 3.5 doubles. Both metals had short-lived drops along the way.

Thanks, in part, to the top-down manipulation of bullion bank price suppression, gold steadily fell 55% and silver 72% from 2011 through 2015. Supply and demand played no role. Governments and banks did a superb job protecting the illusion paper money still has value.

But no market goes up or down forever. After years of massive money printing, destructive interest rates, and a planet swamped in uncounted trillions of debt, the pendulum is swinging back to gold and silver's bull.

Gold at $1280 is up 200 bucks (21%) since mid-December, with silver gaining 25% in the same period. Mining stock shares, more speculative than bullion, are up well over 100% since the first of the year. Higher risk, higher reward.

Beltway insider Jim Rickards, among others, says gold could hit $10,000 per ounce, and higher. Silver specialist Ted Butler believes bullion banks are quietly reversing course, positioning for the inevitable resumption of the precious metals bull.

If the money masters truly mean to steal all the world's wealth, it's reflected in the rush to gold. They are the ones rushing the fastest.

Reports everywhere say the mega-wealthy – individuals, investment firms, corporations and governments – are piling into gold. True, those buying paper gold instead of physical are traveling bad roads using old maps, but at least they've found the right continent.

Mega Wealthy and Central Banks Are Quietly Hoarding Gold

No less than former Bank of England chief Mervyn King has joined Alan Greenspan in praising gold, effectively criticizing their own obvious failures to rule the world with massive paper printing.

Central banksters haven't worked in tandem since they nervously flipped from selling gold to buying gold on the heels of the 2008 meltdown. The cartel's pricing command is crumbling, as have all past schemes that ignored market fundamentals.

Deutschebank has pleaded guilty to high crimes and treason against sound money, and is turning on other cartel members. Every major bank in the world has paid civil fines for rigging every economic market, though no one has yet gone to jail.

China, once cheered as the world's supplier of cheap junk, is now better known for gobbling up every ounce of gold it can find.

Canada's Bank of Montreal has opened a physical gold trust for savers and investors – specifying no paper gold allowed. The London Royal Mint has created a gold-based pension fund. The University of Texas Retirement System has held physical gold for years.

Utah and Texas have embraced gold and silver as legal, everyday currency. Other states are watching. Texas is building a gold depository, shouting loudly it doesn't trust The Fed. National mints across the globe are reporting record sales of bullion coins.

Dominating the headlines, the presidential campaigns of both 'anti-establishment' candidates, Donald Trump and Bernie Sanders, are described as “revolutions.” Not exactly Bunker Hill and Yorktown, but remember, American Independence came long after the 1773 Boston Harbor tea party.

Open talk of revolution is telling you things are about to change. Listen closely. All of us will live in an entirely new world, for better or worse, in just five months.

That may explain why the guy who pulls Europe's purse strings, Jean-Claude Juncker, showed up drunk for a public relations photo-op, providing us a glimpse into the murky world of secret, imperial economic rule.

The lesson we should have learned by now is to value precious metal as stand alone, private wealth, not dependent on paper money games played during drunken plots of money masters.

Rising gold and silver simply means the dollar's influence is falling. Paper dollars may not disappear in your lifetime, but the value of that paper is vanishing every minute of your life through government-planned inflation.

Does good news for gold signal bad news everywhere else? Hyperinflation? Worldwide chaos? Maybe. But if so, then it's seriously bad news for those who have no gold or silver, or not enough.

With or without gold, each and every one of us is in for a quite another ride.

Guy Christopher
Money Metals Exchange

Money Metals columnist Guy Christopher is a veteran writer living on the Gulf Coast. A retired investigative journalist, published author, and former stockbroker, Christopher has taught college as an adjunct professor and is a veteran of the 101st Airborne in Vietnam.

© 2016 Guy Christopher - All Rights Reserved


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules