GoldSilver Blog

In Time of Crises Fundamentals Take Over.

Jeff Clark is bullish on precious metals, especially silver. The everything bubble has been going on for 10 years. How much longer can it last?

"Higher deficits, the Fed now a yuuge net Treasury seller, and foreign buyers on strike, and then higher inflation."

"Long-dated Treasuries will soon be dumped as there is no incentive to hold them, which will cause rates to spike and crash the stock market."

On Saturday, April 21st, 2018 the St. Louis Federal Reserve Bank Tweeted, "In a possible future, cash disappears and central banks issue electronic money for all"

"The concern that it might be a currency crisis that could eventually bring down the fiat money system is by no means an exaggeration."

"Gold is getting exciting...something big is happening."

The country backed up 40% of its money supply with gold until 1999.

"Similar to silver, gold is also to benefit from current market conditions, according to the report."

Later in the afternoon, the dollar clawed back to 90.79, and gold slipped to $1330.50. The yellow metal was $1331 bid at 4PM with a gain of $7.

Moreso than in nearly any other commodity, history shows that patience pays in the silver trade.

"Policy is still extremely dovish with the goal of normalization in the next few years. Peak growth at the beginning of this process is a disaster."

"What all these empires over the last few thousand years had in common was that they collapsed when they debased their currency…I think that's also what we are seeing today."

"Whatever you might think about the consequences of skyrocketing government debt, you should consider that it might be rocketing at a much steeper trajectory than you’re being told."

Because when your brokerage force-sells your equities into a freefalling market, they don't care what price they get for them.

"I recommend you put some money into physical silver, in a monster box. A monster box has 500 ounces of American silver eagles, one ounce each."

"Inflation is absolutely necessary to developed economy governments and their central banks. So is theft of people's purchasing power."

"Gold could hit $1,500 an ounce this year on rising consumer and producer prices, which I think are understated."

Since 2016 the real money Gold has gained 26% and Silver 24%