GOLD

[SCHUMACHER]

All these global FED rate cuts certainly going to help gold and silver - GOLD up again overnight - spot gold up 1% of the back of the British pound rate cut lol - we will be at zero soon and paper money will be the casualty here

check out the book "prosper" by Chris Martenson - great read

The world resources are at their limits and we will struggle to grow because of these constraints
The world has 200 TRILLION debt
LIABILITIES AT 5 X THE DEBT

AND a world that will struggle to grow

next 20 years will be unprecedented and we cant look back at the past 20 years to see whats going to happen as we in uncharted territory now


Larger view we will see a great wealth transfer and its going to happen - it happened in Germany many years ago , more recently in Argentina and what happens is we have too many claims built up, its money and credit and theres not enough stuff and people call it great wealth destruction but its not , its transfer, its transferred from people who have too much paper wealth to people who own the real thing or have physical wealth

we now seeing stocks hitting all time highs and bonds hitting all time highs - this is a crazy situation that can only be made sense of when we look at what central banks have done to liquify and print money so people should be looking to real tangible wealth not paper wealth

HOLD
Realestate
Gold / Silver
Cash

[jonu]

What you are saying may occur Schumacher, but I think the theories behind it are wrong. Wealth transfer (and growth) recently has been to China. Next cabs off the rank India, Bangladesh. chunks of Africa. Technology leads to massive growth, in some cases using far less resources than before.

I agree that the world financial markets are a propped up mess, but the future will look after itself, probably by repeating what we have seen for millennia, not just the past 100 years. Empires come and go.

[ynot]

Chinese demand for Gold to drive price.

https://www.kitco.com/news/article/2...s-price-action

[Bjauck]

Chinese demand for Gold to drive price.

https://www.kitco.com/news/article/2...s-price-action

Interesting. Covert purchases of gold by China is the driving force behind recent price increases. Perhaps driven by a desire to reduce dependence on the USD as a Reserve currency.

[ynot]

Interesting. Covert purchases of gold by China is the driving force behind recent price increases. Perhaps driven by a desire to reduce dependence on the USD as a Reserve currency.

Has been the Chinese focus for a while now but with the recent internal Chinese strife, particularly real estate, they have to park their cash somewhere.
The big driver also being China wanting to weaken/break US reserve currency foothold.

[Bjauck]

Has been the Chinese focus for a while now but with the recent internal Chinese strife, particularly real estate, they have to park their cash somewhere.
The big driver also being China wanting to weaken/break US reserve currency foothold.

I guess it is always good to have a stockpile of gold during worsening geopolitical tensions.

[ynot]

I guess it is always good to have a stockpile of gold during worsening geopolitical tensions.

Based on what they are estimating, It appears like pboc are holding around $us378,000,000,000. in gold. That's above whatever the population is holding.

[wizAlvin]

gold indecision type candle at the highest ever price


silver indecision type candle

[Daytr]

gold indecision type candle at the highest ever price


silver indecision type candle

Reasonable correction with Mid / East tensions easing. I still think most of gold's gains are still to come, once the US eases rates.

[FTG]

A misconception held by many is that the POG always moves in the inverse direction to LT IR's. I wonder if this belief derives from another even greater misconception? The one in which folk believe that the POG only increases during inflationary periods, and decreases during deflationary periods.

When pulling back and looking at the longer term picture, charts clearly show that the POG often entirely invalidates the mainstream narrative. The following chart (courtesy of goldchartsrus) perfectly portrays the actuality.

POG chart.jpg