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 MoreEvery 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 MoreIf you wanted to destroy the currency of a nation, there is no better way to do it than collectively have other nations band together and create their own monetary system and shun the dollar. That’s exactly what BRICS, an acronym for Brazil, Russia, India, China and South Africa are doing. But it doesn’t stop there. Argentina, Egypt, Ethiopia, Iran, …
Read MoreAs many of you know, I have called the short term on gold and silver pretty well over the last 7 months when I started blogging again after a 3 year do nothing metals market. The game has changed. Metals and miners are the place to be, not an overpriced stock market that is destined to disappoint many over the …
Read MoreHow To Buy Gold and Silver in an IRA
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 MoreCOSTCO Sells Gold Bars But Doesn’t Buy Them Back – We Do and Sell Them Cheaper Too
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 MoreWill the Dollar Crash?
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 MoreSingle Digit Daily Sentiment Index for Gold and Silver Signals Bottom Is Close
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 MoreDeflation Meet Inflation – But Not Quite Yet For Gold and Silver
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 MoreGold, Guns, Republicans and Trump
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 …
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