Gold, Silver & Other Precious Metals 17 (May 19 - Jan 23)

[winston]

Gold Market Manipulation And The Federal Reserve

by Kelsey Williams

The Federal Reserve has destroyed the US dollar over the past century by continually expanding the supply of money and credit.

That debasement of the US dollar has led to a decline of more than ninety-eight percent in its purchasing power; and that decline in purchasing power is the reason for gold’s higher price over time from $20 per ounce to $1700 per ounce.

FX Empire

https://finance.yahoo.com/news/gold-mar ... 00422.html

[investar]

Gold at 9 yr high, set to go up further

https://www.kitco.com/news/2020-07-07/G ... ikely.html

[winston]

The world threw away $57 billion in gold, silver, copper found in E-waste

Out of all the electronic items thrown away, only 17.4% valued at $10 billion were recycled last year, the report said.

Source: Kitco

https://www.kitco.com/news/2020-07-07/T ... waste.html

[behappyalways]

The Smart Money Doesn’t Like Stocks But Loves Gold
https://www.bloomberg.com/opinion/artic ... nd=opinion

[winston]

Point/Counterpoint: The Case for Silver

Silver’s attractions go beyond being a mere store of value. It’s used in nearly every major industry, from electronics and medical applications to batteries and solar panels.

Silver is the best conductor of electricity, making it very difficult to replace with other metals in many usages.

Supply-side factors are also supportive, with output generally trending lower. Silver is usually by-product from mines that primarily dig out base metals or gold.

At a time of tight exploration budgets, it’s hard to see the world’s miners bumping up exploration on the off-chance of finding some silver.

Source: Investing.com

https://www.investing.com/news/commodit ... cta_button

[winston]

Experts divided as gold rally stalls

The price of gold slipped after a record-breaking rally as the US dollar regained some ground, while analysts' diverged on whether the price is close to a peak.

Twelve-month gold futures climbed as much as 2 percent to US$2,000 per ounce before turning back. The spot metal touched US$1,981.27 yesterday, about US$60 above the previous peak in 2011.

JPMorgan says the rally that has already seen prices rise 27 percent in 2020 could start to lose steam later this year. It has now turned neutral on gold. The price might be close to a peak.

However, Bank of America retained its April forecast for US$3,000-an-ounce gold over the next 18 months. Citigroup said the current gold cycle is unique and prices can stay in a higher range for longer.

Goldman Sachs raised its 12-month forecast to US$2,300, expecting a search for a new reserve currency, given a gloomy outlook for the dollar.

Mainland gold production slid 7.3 percent year-on-year to 217.8 tonnes in the first half, with gold consumption also shrinking 38.3 percent to 323.29 tonnes, mainly due to the coronavirus pandemic, data from the China Gold Association showed.

Gold production in the second quarter recovered by 5.8 percent from the first three months this year.

The association predicts the average gold price will rise 22 percent year-on-year to US$1,700 per ounce in 2020, but global gold supply will fall by 1 percent.

Source: The Standard

https://www.thestandard.com.hk/section- ... lly-stalls

[winston]

Jim Cramer: Charts show gold prices are nearing a peak

by Tyler Clifford

Source: CNBC

https://www.cnbc.com/2020/07/28/jim-cra ... -peak.html

[winston]

7 Reasons Gold Will Continue to Soar to Record Highs

by Sean Williams

1. Historically low global bond yields
2. Unlimited quantitative easing
3. Bullion shortages
4. Geopolitical risk
5. COVID-19 fear and uncertainty
6. Bull markets are usually long lasting
7. Emotion-driven investing

Source: The Motley Fool

https://dailytradealert.com/2020/08/03/ ... ord-highs/

[behappyalways]

Global gold ETF holdings now second behind US bullion reserves
https://www.theedgesingapore.com/capita ... n-reserves

[investar]

https://midasletter.com/2020/07/underst ... de-higher/

"The US dollar is currently at the earliest stages of such a hyperinflationary collapse, with the Fed creating over $2.3 trillion of Tier 1 equity, or “new money” in the last six months. "