There’s been a huge media push about COSTCO selling gold bars of late. In fact, the articles declare that COSTCO is selling $200 million of gold bars a month at a limit of 5 gold bars per member. Below is their current promotion. I captured the spot price at the time of pricing this item as well as what Buy …
Read MoreApr
10
2024
Will the Dollar Crash?
By: Doug Eberhardt
Category: Federal Reserve, Gold, Government Spending, IMF, U.S. Dollar
Tags: crash, Dollar, Federal Reserve, Gold, Purchasing Power, silver
This article will dive into the question on whether the dollar will crash as so many have predicted over the years. What it will point out is what I wrote about in my book Illusions of Wealth, that all fiat currencies eventually go to zero. Why? Because governments screw them up. But for now, the dollar is still king of …
Read MoreSep
27
2023
Single Digit Daily Sentiment Index for Gold and Silver Signals Bottom Is Close
By: Doug Eberhardt
Category: Gold
Tags: Buy Gold and Silver Safely, Gold, Profit In Up and Down Markets, silver
One last flush here in metals and the bottom is in. DSI (Daily Sentiment Index) as of yesterday’s close is as follows: 91 Dollar Index 9 Euro 7 Swiss Franc 10 Yen 12 British Pound 31 Bitcoin 80 Crude Light 15 Nat Gas 13 T-Bonds 15 T-Notes 40 S&P Index 38 Nasdaq 21 Volatility 10 Gold 11 Silver Anyone practicing …
Read MoreJan
23
2020
Deflation Meet Inflation – But Not Quite Yet For Gold and Silver
By: Doug Eberhardt
Category: Gold
Tags: Austrian Economics, bears, crack up boom, crash, credit, Daily Reckoning, Deflation, Dollar, Economy, Gold, Hyperinflation, Inflation, M2, Mises, Rickards, Schiff, Williams
Is it just me, but can anyone envision the eventuality of a deflationary crash and the unwinding of much of the credit built up over the last several decades? Basically since Reagan? My last article was a bullish one for the stock market and it has gone up ever since, continually hitting record highs. While gold went up also, it …
Read MoreAug
9
2019
Gold, Guns, Republicans and Trump
By: Doug Eberhardt
Category: Gold
Tags: Armstrong, Gold, guns, Peter Schiff, Republicans, sales, Trump, u.s. mint
Went on my morning run where I listen to various podcasts. I listened to episode 490 of the Peter Schiff podcast today (little behind which probably means I need to go for longer runs, ha). Peter about half way through started to talk about U.S Mint sales being down and related it to the fact Republicans are the ones who …
Read MoreAug
7
2019
Why You Should Own Gold
By: Doug Eberhardt
Category: Gold
Tags: banker, Bernanke, central, crack up boom, Deflation, Federal Reserve Notes, FRNs, Gold, illusion, wealth
Former Fed Chairman Ben Bernanke wrote a piece about gold in 2002 and I wanted to share it with you while we watch the price of gold move higher and higher. It is needed to do this and put things into perspective as to why you own gold now and most likely why you should be buying more over the …
Read MoreJul
31
2019
With the Fed coming out today giving the markets and gold holders what they want to hear, a .25 decrease in rates, we should see a continuation of gold moving higher for a bit. Maybe a week or so. Markets should follow the Fed’s lead higher too, even tough all this news should be priced into the current market. We’ll …
Read MoreJul
3
2019
The dollar is just 48 years old without a relationship to gold. Most don’t even know that. Most don’t understand gold and its history. But governments are the reason currencies fail and have failed over time. Every single one of them. Every single time. How is it different this time? Because of the magic of the Fed? The dollar itself …
Read MoreJun
24
2019
U.S. Budget Deficit Says Gold Going Much Higher But You Most Likely Need More
By: Doug Eberhardt
Category: Gold
Tags: asset allocation, budget, children, debt, deficit, democrat, Gold, government, Money, republican, silver, U.S. National Debt
Many of you invest in gold for different reasons. Some as insurance for the collapse of the dollar. Some for reasons it is beaten down and taking profit from stocks to put into gold from an asset allocation move for your portfolio. But what is it that is the eventual collapse of all currencies throughout the history of mankind? It …
Read MoreMay
23
2019
Silver Due for a Bounce
By: Doug Eberhardt
Category: Gold
Tags: Credit Contraction, Deflation, fed, Gold, QE, quantitative easing, rates, silver, Trump
Silver has been beaten down quite a bit and is due for at least a short term bounce. It was trading in the 14.40’s and now is 14.49 and starting a leg up for now. Silver is leading gold at present. I still consider this a trade only because when the market does finally get going south, it can take …
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