Articles

Gold/Silver ratio has broken down. Gold and silver big picture and latest breakout.

In this brief discussion, Matt and Egon draw from their collective backgrounds to share ideas on the natural evolution from traditional risk (bubble) assets (i.e. stocks and bonds) toward precious metals as common-sense approaches to insuring against both currency and banking risk.

Since the end of 2006, the major central banks (Fed, ECB, BOJ & PBOC) have increased their balance sheets from $5 trillion to $25.5t today. The great majority of the extra $20t created since 2006 has gone to prop up the financial system. And even with these $20t the world economy is more rudderle...

I mean, what if the debt wasn't serious? What if the explosion of its amount all over the world since the coronavirus crisis had no harmful consequences? What if we could even get rid of some of it without incurring any damage? This is the little tune we hear from those who want more and more pub...

Egon von Greyerz predicts an economic destruction of markets and asset values and a major wealth transfer and tell’s The Capital Network’s Executive Director Lelde Smits who stands to loose and gain the most.

Bank of Nova Scotia has reached settlement agreements with the U.S. Department of Justice and the Commodity Futures Trading Commission over charges of metals market manipulation.

Is Covid the most perfect distraction that could have hit the world? The timing couldn’t have been more perfect for the European and American economies. We know that there were major problems in the financial system back in August-September 2019 when both the ECB and the Fed declared that they wo...

Venezuela’s gold reserves fell by seven tonnes in the first half of the year to reach just 98 tonnes, their lowest level in 50 years, according to data published on Monday by the South American country’s central bank.

Today, if gold had the same kind of performance as the Dow since around the creation of the Federal Reserve in 1913, then it would have topped out at around $7 758 [(29568/78.78)*20.67]. Yet, it only has an all-time high of about $2 089.

Berkshire took a new position in Barrick Gold, buying 20.9 million shares, or 1.2 per cent of the company’s outstanding stock, with a current market value of US$565 million.

Two major asset classes are major beneficiaries of the unlimited money printing and credit creation that is now taking place globally. One of them will end in tears and the other one has just started a major secular bull market.

Obviously governments and central banks will desperately try to introduce resets, new digital currencies, do a bit of hocus pocus with debt to pretend it has disappeared. The US might even revalue its alleged stock of 8,000 tonnes of gold. But their bluff will be called. The effects of any measur...

To the question that some will inevitably ask ("Isn't it too late to buy gold?"), the answer is clearly no. It is even becoming urgent in the face of the risk of mistrust towards currencies brought about by the crazy policies of central banks.

It is fascinating that only 0,5% of global financial assets are invested in the only asset that has held its purchasing power in history. In the next few years investors, from retail to institutional, will all want gold. GOLD will be the SINE QUA NON investment that everyone wants to own.

Silver is expected to break through $26 resistance in mid August, before bumping into resistance at $27.50 and hanging off a bit. The level of $30 could be reached at the end of September, a deadline each year very important for the silver market.

It is evident that silver is moving as in the past and as in the past the rise can be impressive.

Gold’s unrelenting march higher shows no signs of slowing after a plunge in the dollar swept prices past the previous high set in 2011 and put the metal on track for even bigger gains.

Gold made a temporary peak in 2011 and resumed the uptrend in 2016. The massive amounts of money that have been printed since 2006, and accelerating now in 2020, have not yet been reflected properly in the gold price. But this is what is coming next.

After several days of negotiations, the twenty-seven leaders of the European Union have finally reached an agreement on a €750 billion recovery plan, comprising €390 billion in grants and €360 billion in loans.

We are now potentially after the all-time high of the Dow (Feb 2020), just like after the all-time high in January 1973. I have no doubt that silver will surpass the $50 level as well as the $225.20 to match the Dow’s performance since 1913. The important question is: How long will this take?