The question that keeps popping up is will the government come after my gold? The short answer is yes, the government can take your gold as long as they give you “just compensation.” I’ll go into detail on the history of gold confiscation first but make sure you don’t miss the section below that dives into what the government could …
Read MoreSep
3
2024
V Shape Recovery Up Next from Predicted Fall In Silver
By: Doug Eberhardt
Category: Gold
Tags: argentina, crash, Dollar, EURO, fed, Gold, gold silver ratio, Government Spending, Illusions of Wealth, Inflation, Profit In Up and Down Markets, Purchasing Power, silver, YEN
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
20
2024
Will a Stock Market Crash Drag Silver and Gold Down?
By: Doug Eberhardt
Category: Gold
Tags: Bernanke, consumers, crash, credit card debt, Democratic Convention, depression, fiat currency, Gold, gold confiscation, Household Debt, Jackson Hole, Kamala Harris, markets, non-farm payrolls, Powell, printing press, silver, Trump
When you bring up the potential of a market crash occurring, the September to October timeframe is typically when they occur. We have seen crashes in September of 1791 when the First bank of the United States failed. The Panic of 1907 occurred in October. The Wall Street Crash of 1929 was in October. Black Monday was in October of …
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 MoreJul
10
2024
Last Time Bank Offered Depositors Sign Up Bonuses Silver Soared
By: Doug Eberhardt
Category: Gold
Tags: Banks, Illusions of Wealth, lawsuits, profitinupanddownmarkets.com, Purchasing Power, safe, silver
Banks are at it again offering bonuses to depositors in a dash for more cash approach not seen since the last financial crisis. Skip to the silver analysis at the end if you are in a hurry. The Financial crisis ended by 2011 but this may come to many as a surprise, that there have been 212 bank failures since …
Read MoreJun
17
2024
Many investors try and say silver is a bad investment because the stock market has outperformed silver depending of course on your starting date. But this comparison of the two is a false pretense as silver is money and the stock market is investing in companies that try to earn a profit each year. But let’s analyze this a bit …
Read MoreJun
7
2024
As 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 More