Gold

My selection of tweets of the week: paper gold derivatives, stock market, gold as insurance...

That the world economy for the last 100 years was totally dependent on credit and printed money is not a new miracle paradigm but a the sign of diseased system. Issuing fake money at zero cost always had to end badly.

Bank of America raised its 18-month gold-price target to $3,000 an ounce, in a report titled “The Fed can’t print gold.”

Mine closures and selling restrictions are causing shortages of precious metals in the retail sector, but ETFs are experiencing large inflows of funds. Where do they get the gold, if at all?

Gold exports from Switzerland to the U.S. soared in March as American investors rushed to buy bullion amid the virus-driven panic.

Devaluation of major fiat currencies versus gold since 1900. The dollar devalued by 98.4% to gold.

As I have outlined in many articles, stocks, bonds and property will lose 90-99% in real terms, against gold, in the next few years. Many bonds will lose 100%. And paper money will lose 100%.

Central banks continued their gold-buying spree in February, although the pace of gold purchases has slowed compared to last year’s near-record purchases.

Bearish rising wedge appears not to have been valid. The bullish H&S trumps it.

Gold revaluation will be the ultimate margin call (on real money) since you will be asked to put much more paper money to own/keep real money : gold in it's physical form.