We got a pullback in silver that I thought might be coming in my last post. I wrote Aug 20, 2024 the following: If we do get a pullback in the price of gold and silver, it will be short lived. The Federal Reserve can’t win the battle on inflation unless they raise interest rates so look for an initial …
Read MoreAug
8
2024
Weighing a Silver Investment Versus Stocks
By: Doug Eberhardt
Category: Gold
Tags: 1964, 1965, 888, balance sheet, debt, Dollar, Donald Trump, Federal Reserve, Gold, Kamala Harris, low, politics, Purchasing Power, quarter, rate cut, silver, SOMA, stock market crash, UVIX, volatility
We are starting to see some real volatility enter the market and the chances of a Fed rate cut of .50 basis points at their next meeting in September rise to 55.5%. On Monday with that mini market crash that odds were at 85.5% of a .50 rate cut. Since that Monday, what has happened? The answer might be a …
Read MoreAug
2
2024
On July 17, 2024 I wrote an article with the title Is Silver About to Break Out – The Dollar Index Points to YES. The dollar was at a 3 month low of 103.80 and today we crashed through support after the NonFarm Payroll and Unemployment Data came out worse than expected. Last reports data was also revised lower. U6 …
Read MoreJul
26
2024
Is America Headed for Bankruptcy?
By: Doug Eberhardt
Category: Gold
Tags: backs, bankruptcy, congress, consumer, debt, Dollar, Elon Musk, Federal Reserve, full faith and credit, Gold, government, Income tax, Money, note, pre-1965 quarter, Profit In Up and Down Markets, Purchasing Power, silver, spending, Stock Market, Unemployment, Wilson
Elon Musk posted on X today in reply to a Heritage Foundation economist, saying that “America is headed for bankruptcy fyi.” The economist asked the question “How did we get here?” To which he answered the following: Two men: FDR and Richard Nixon. Together, they broke the dollar. And put the American people into debt slavery. I tweeted back to …
Read MoreJul
17
2024
Every time silver gets to a point where it is about to break out, it has a retreat in price. The old adage that we have heard for years is, “this time it’s different!” But silver keeps disappointing. Well, this time I really do think it is different and I have been harping on silver since I started writing my …
Read MoreMay
6
2024
How To Buy Gold and Silver in an IRA
By: Doug Eberhardt
Category: Gold
Tags: 401k, Banks, crash, Dollar, fed, Gold, Interest rates, IRA, precious metals, rollover, silver, transfer
Many investors are not aware that you can invest in gold and silver through your IRA with an IRA transfer from your current bank or brokerage account. Or if you have a 401k from a prior company, a 401k rollover into a precious metals IRA can be done by filling out a few forms. Many investors know why gold and …
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 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 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 MoreFeb
8
2019
Many people buy insurance policies on their car, home, and health, and of course hope to never utilize it. For most of us, it is money that is thrown away to the insurance companies that take the risk so that a few benefit by filing a claim when needed. Gold is also insurance that you hope to never utilize. However, …
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