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Post by Entendance on Sept 23, 2023 0:42:53 GMT -5
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Post by Entendance on Nov 8, 2023 1:45:42 GMT -5
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Post by Entendance on Nov 11, 2023 8:27:01 GMT -5
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Post by Entendance on Nov 14, 2023 9:10:51 GMT -5
Bullion Star infographic dramatically illustrates gold price suppression by U.S.
As the world’s preeminent money, now and throughout history, gold is seen by governments and monetary authorities as strategically critical and often a matter of national security.
Not least in the United States, where although the US government and US banks downplay gold, it is precisely because they are terrified of gold’s rise, that these entities are heavily involved in the gold market in a nefarious manner.
This visually stunning new infographic from BullionStar puts the spotlight on the deep involvement of the US Government and Wall Street banks in the gold market, and their nefarious manipulation of precious metals prices, illustrating:
• The supposed size and location of the US Treasury Gold Reserves but the fact that the US Gold has not been properly audited in over 70 years. What is the US Treasury hiding?
• Five massive Wall Street banks dominant the gold market, trading gigantic trading volumes of COMEX gold futures in a giant paper trading game.
• The international gold price is set by paper gold trading in New York and London, and not by physical gold demand and supply, a flawed pricing that causes physical shortages and high premiums.
• Although Wall Street banks have been prosecuted for manipulating precious metals and their traders jailed, the same banks still continue to operate with impunity in the gold market.
• There is continual gold price suppression during New York (NY) trading hours, with returns during NY hours a fraction of returns outside NY hours. This is statistically impossible.
• A US Government group, the Plunge Protection Team (PPT), oversees interventions into markets. This PPT was infamously active in the US silver market during February 2021 where it oversaw a ‘tamp down’ of the silver price to prevent a financial system crisis.
• The US Government, Wall Street and the US mainstream media constantly work to prevent gold gaining in popularity. This is done to protect the US financial system and the reserve status of the US dollar.
• That this price manipulation can’t go on forever. When it fails, the gold price will again be determined by the forces of supply and demand for physical gold.
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Post by Entendance on Nov 21, 2023 11:59:03 GMT -5
The richest 1% of the world’s population produced more carbon pollution in 2019 than the poorest 66%, anti-poverty charity Oxfam has revealed. It is the most recent year for which data is available, according to a report released...
The richest 10 percent of Europeans produced as much carbon pollution in 2019 as half of Europe’s poorest population, Oxfam reveals... |
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Post by Entendance on Nov 28, 2023 6:26:54 GMT -5
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Post by Entendance on Dec 9, 2023 2:54:27 GMT -5
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Post by Entendance on Dec 14, 2023 4:16:53 GMT -5
'...a bit of elementary math is helpful in understanding how the dollar price of gold can move to $15,000 per ounce in the next three years. For this purpose, we’ll assume a baseline price of $2,000 per ounce, essentially where gold is today.
A move from $2,000 per ounce to $3,000 per ounce is a heavy lift. That’s a 50% increase and could easily take a year or more. Beyond that, a further increase from $3,000 per ounce to $4,000 per ounce is a 33% increase, another large rally. A further gain from $4,000 per ounce to $5,000 per ounce is a further gain of 25%.
But notice the pattern. Each gain is $1,000 per ounce, but the percentage increase drops from 50% to 33% to 25%. That’s because the starting point is higher while the $1,000 gain is constant. Each $1,000 jump represents a smaller (and easier) percentage gain than the one before.
This pattern continues. Moving from $9,000 per ounce to $10,000 per ounce is only an 11% gain. Moving from $14,000 per ounce to $15,000 per ounce is only a 7% gain. Gold can move 1% in a single trading day, sometimes 2% or more.
At progressively higher prices, we see the same $1,000 gain (it’s real money to you), but the percentage increase is smaller, and the hurdle is therefore lower. As an extreme example, a move from $99,000 per ounce to $100,000 per ounce is about a 1% move; all in a day’s work. Those $1,000 per ounce pops keep getting easier.
In addition, basic supply and demand also support the forecast of higher prices albeit with less specificity...' The Road to $15,000 |
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Post by Entendance on Dec 16, 2023 8:43:45 GMT -5
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Post by Entendance on Dec 19, 2023 9:55:46 GMT -5
Apr 12, 2015
Gold: if you purchased it and you can't hold it in your hand, it isn't yours.
May 16, 2015
Unallocated gold is a euphemism for no gold.
Feb 18, 2016
Currency and the collapse of the Roman Empire
Aug 25, 2016
The fate of the global economy was decided decades ago.
Oct 1, 2016
I like my cash in thick Silver & Gold bars.
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Post by Entendance on Dec 24, 2023 13:08:38 GMT -5
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Post by Entendance on Dec 31, 2023 3:45:21 GMT -5
Excessive debt is colliding with higher interest rates. 'I think this is one for the history books,' Rubino says. He expects precious metals to perform well and points out that $50 to $100 silver is very probable.
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Post by Entendance on Jan 3, 2024 5:56:09 GMT -5
[Basically, you make money by not losing money. Most people realize too late the harsh arithmetic of missteps, that a 50% loss requires a 100% gain just to break even. It's always darkest before it turns absolutely pitch black  ]
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Post by Entendance on Jan 4, 2024 1:21:50 GMT -5
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Post by Entendance on Jan 6, 2024 3:29:09 GMT -5
Why Gold? Where and how? ⬇️
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Post by Entendance on Jan 9, 2024 1:52:22 GMT -5
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Post by Entendance on Jan 13, 2024 8:12:44 GMT -5
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Post by Entendance on Jan 16, 2024 4:27:34 GMT -5
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Post by Entendance on Jan 27, 2024 9:10:59 GMT -5
'...Fortunately, Powell has no machine in DC to produce physical gold, which means this natural precious metal of unlimited duration yet finite supply will rise, while USTs, an unnatural asset of finite duration yet infinite supply, will continue to sink.
It’s just that simple.'
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Post by Entendance on Feb 10, 2024 8:18:42 GMT -5
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Post by Entendance on Feb 12, 2024 6:44:40 GMT -5
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Post by Entendance on Feb 19, 2024 3:07:20 GMT -5
$5,000 gold is entirely possible, and the gold-silver ratio could take silver up into triple digits
Unlike private equity and private credit where lender agreements can be customized between parties, the rest of us have to live in the real world where our money goes scarce and the people we owe it to don't look the other way when it comes due. In a financialized economy the growth of debt Is your inflation And nominal prices go up but labor prices LAG the wealth disparity everyone calls productivity. The only thing that will be crowded out is the standard of living for the masses, while small percentages of the population that broker assets and live off fees will be the Kings.
Food For Thought
Mike Savage
Weekly Article February 15, 2024
Amidst the crowing of the mainstream media about the “strong” jobs market the massive layoffs that are taking place seem to insinuate that the “strong” jobs market narrative is as fake as all of the other numbers that we are expected to believe.
Major corporations are announcing massive layoffs, and many are discussing “cost controls” on earnings calls. While, according to Morgan Stanley, companies are focusing on reducing costs and looking to invest in technologies that can drive future productivity- like AI. Personally, I can’t help but believe that it goes deeper than that- like they see the economy imploding and are getting ready for it.
Just a few companies that have been mentioned were Disney, Hertz Global Holdings and Levi Strauss- along with MANY others who are shedding employees to reduce expenses.
Some other notable names …
Layoffs:
Twitch 35% of workers, Roomba 31%, Hasbro 20%, LA Times 20%, Spotify 17%, Levis 15%, Xerox 15%, Qualtrics 14%, Wayfair 13%, Duolingo 10%, Washington Post 10%, EBay 9%, Business Insider 8%, Paypal 7%, Okta 7%, Charles Schwaab 6%, Docusign 6%, Cisco 5%, UPS 2%, Blackrock 3%, Paramount 3%, Citigroup 20,000 laid off and Pixar is cutting 1300 employees.
It is apparent in looking at this list it is not just one segment of the economy that is contracting but ALL of it. This list includes tech, information, banking, manufacturing, sales, etc. Also keep in mind the major bankruptcies taking place in trucking so you can add transportation to the list also. Those companies have shed many good-paying jobs in the last 12 months also.
A huge problem with this is that, as they lay people off, Wall Street is rewarding these companies by bidding up their share price. In addition, many of these companies- as they are laying off MANY employees are also announcing stock buybacks which is increasing their share prices even more while the VALUE of the company is actually being REDUCED as the company is downsizing. This is just making the PRICE of what you are paying for higher with less corresponding VALUE. I don’t think this is a recipe for long-term investment success.
In addition to the attrition in the major companies, small businesses are failing at an accelerating pace. According to Bloomberg Full Time employment has tanked by 1.4 million Americans in the last 3 months – a pace rarely seen in US history.
This becomes even more important when we realize that most stock “market” index gains have been because of just a handful of companies. Part of the reason these “Magnificent 7” as they are known have been rising is because as people make contributions to their 401ks those stocks hold the most weight in the S&P 500 index and they are automatically bought in an index fund.
What happens when the inflows become no-flows because of layoffs or even outflows as people have to tap even retirement funds to stay ahead of inflation? Sound far-fetched?
•Total household debt is at a record high, $17.5 TRILLION. That is 24% higher than in 2019 and up 3.6% in the last year. 12.3 TRILLION is mortgages, auto loans are 1.6 TRILLION, Student Loans are 1.6 TRILLION and Credit card debt is over $1.1 TRILLION with an average interest rate on the credit cards of over 20%. Only those who HAVE to carry that debt would do it.
•Delinquencies on credit cards and auto loans are at record levels and climbing. Prices, while not rising quite as fast- are still rising and all of the previous inflation is still intact. In addition, those who are still fortunate enough to be working are not seeing wages keep up with rising prices and many are resorting to more debt to keep the lifestyle they have become accustomed to.
•According to Bank of America retail sales dropped 0.8% in January. This, even as prices continue to rise, which is one reason retail sales have looked so strong up until now- because people have NO CHOICE but to spend more even if they are purchasing less goods. This could easily be a sign that the consumer may be at the point of debt exhaustion.
•Many are counting on the Fed lowering rates. They have to sell over $10 TRILLION in US Treasury bonds in 2024 to fund the deficit, pay interest and retire maturing bonds. CAN they lower rates and still count on that funding? If not, could rates surge and cause a default tsunami? I don’t even hear that mentioned.
Math tells me that the US debt has to be inflated (destroy the value of our currency) away. Anything less would likely lead to an immediate collapse. Math also tells me that many people have been living above their means and we may be coming down to crunch time.
Math also tells me that it is unlikely that many companies, individuals, and even some cities and states that are in precarious financial conditions- California’s $68 BILLION budget deficit (and climbing) is a glaring example, will survive unscathed from this.
Personally, I don’t trust any debt instruments besides VERY short-term US debt (Treasuries) and maybe some emerging market debt. I only trust companies that produce real tangible goods that we all need and are not drowning in debt. It is not a large list these days.
WHAT IS THE VALUE of a promise that cannot, or will not be kept?
If I have an asset- like gold, silver, uranium, platinum, oil, gas, etc. I don’t have to worry about that! In many cases the companies that produce these assets appear to be offering a great VALUE vs. price at this time.
Keep in mind that the BTFP (Bank Term Funding Program) is ENDING March 11th. This is the program that has been propping up the banks since the bank failures of last year. What does it mean? I’m not sure to be honest but I believe it bears watching. I can’t help recalling the year 2000 when the Nasdaq rose into March and then proceeded to crash 80% and it took 15 years to get back to where it started and most of that was because of easy money after the 2008 crash. What could happen this time if history were to be repeated? Food for thought!
Be Prepared!
Mike Savage
H/T Tom from Florida
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Post by Entendance on Feb 20, 2024 12:35:31 GMT -5
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Post by Entendance on Feb 23, 2024 2:49:20 GMT -5
We have now reached the point in silver (and gold) where it is difficult for me to see how prices don’t quickly explode. Everything I look at, from a physical supply/demand perspective to the paper positioning set up on the COMEX, tells me we are at the point where only an upward price surge makes any sense. Yes, I am well-aware of the thoroughly corrupt behavior of the collusive commercials on the COMEX and how their manipulative success over the past 40 years makes it nearly impossible to pinpoint in advance the exact moment such a long-term scam and fraud will come to an end – but recent developments scream out to me that the manipulation’s end is at hand...Locked and Loaded |
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Post by Entendance on Feb 24, 2024 4:56:16 GMT -5
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Post by Entendance on Feb 29, 2024 2:06:30 GMT -5
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Post by Entendance on Mar 20, 2024 12:33:04 GMT -5
- Gold and silver prices, central banks' accumulation, and the potential for a global currency reset. (0:00)
- Gold, silver and the potential for a gold-backed BRICS currency. (3:08)
- New currency and commodity price setting mechanism. (8:03)
- Financial manipulation and the rise of the BRICS nations. (14:25)
- Precious metals market and global economic trends. (21:31)
- Economic collapse in Europe and the US. (24:14)
- Economic crisis, inflation, and food shortages. (28:56)
- Banking industry vulnerabilities and potential collapse. (33:57)
- Economic collapse and its impact. (38:23)
- Gold and blockchain as a hedge against dollar collapse. (42:59)
- The potential replacement of the US dollar as a global reserve currency. (46:51)
- Gold backs as off-grid money. (52:54)
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Post by Entendance on Mar 25, 2024 13:20:46 GMT -5
Fear The Talking Fed! Global Debt Fast H/T To from Florida
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Post by Entendance on Apr 17, 2024 4:17:21 GMT -5
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Post by Entendance on Apr 20, 2024 4:21:08 GMT -5
 Here are three snapshots of what we're told is Easy Street: global debt skyrocketing |
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The World Is Sitting 
The Beach & 
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Central Bank Digital Currencies: 
Compounding 
