by Harvey Organ, Harvey Organ Blog: GOLD CLOSED DOWN $4.15 TO $1977.95/SILVER CLOSED DOWN 26 CENTS TO $23.51//PLATINUM CLOSED UP $24.95 TO $923.90 WHILE PALLADIUM CLOSED UP $32.25 TO $1087.75//CENTRAL BANKS ARE BUYING PHYSICAL GOLD FOR THEIR OFFICIAL RESERVES AND//IMPORTANT GOLD COMMENTARY TODAY FROM MATHEW PIEPENBERG//MELEI WINS THE ARGENTIAN ELECTION AND HE IS RIGHT WING, […]
by Jan Nieuwenhuijs, Gainesville Coins: In a recent interview the Dutch central bank (DNB) shares it has equalized its gold reserves, relative to GDP, to other countries in the eurozone and outside of Europe. This has been a political decision. If there is a financial crisis the gold price will skyrocket, and official gold reserves can be […]
by Mish Shedlock, Mish Talk: At $35 per ounce the Fed values its gold at $11.037 billion. What’s the gold really worth and why the low valuation? The Fed has no oil to revalue but it does have gold. How much? Fed’s Balance Sheet in Millions of Dollars TRUTH LIVES on at https://sgtreport.tv/ Fed’s balance sheet […]
from Birch Gold Group: From Peter Reagan at Birch Gold Group We’ve already reported that your bank could fail at any time thanks to the Fed’s fight against inflation. Banks adapted to a near-zero interest rate environment over the last two decades, and today they’re in bad shape overall. Today, many are offering tempting yields on savings accounts. (Because it’s […]
by Michael Maharrey, Schiff Gold: Greenlight Capital reported a major increase in its exposure to gold as the hedge fund’s founder worries about the direction of the markets. In a Q3 letter to investors, David Einhorn expressed concern about geopolitical uncertainty, the rising price of oil, and inflation. Greenlight famously shorted Lehman Brothers before its 2008 failure. […]
from Birch Gold Group: This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Gold forecasts ahead of the election, Powell feints as U.S. economy crumbles, and Kuwait bolsters its place on the list of gold consumers. Experts forecast a shaky dollar will send […]
by Jan Nieuwenhuijs, Gold Seek: Because central banks are the root of the modern money tree, they can use entries in their gold revaluation accounts to turn into capital, pay for expenses, or transfer it to their respective Treasuries. In addition, gold revaluation accounts can be used to cancel government bonds held on central bank […]
from Arcadia Economics: TRUTH LIVES on at https://sgtreport.tv/
by Peter Schiff, Schiff Gold: Silver demand for industrial applications, jewelry production and silverware fabrication is expected to nearly double over the next 10 years. According to a report by Oxford Economics commissioned by the Silver Institute, the demand in these three sectors is forecast to increase by 42% between 2023 and 2033. Industrial, jewelry and silverware production […]
from GoldSilver (w/ Mike Maloney): TRUTH LIVES on at https://sgtreport.tv/
