Unlike debt-based fiat currency, gold isn’t an IOU. It doesn’t have an issuer and cannot be issued in whatever quantity is convenient for debtors. It is honest money.
S&P 500 has topped already according to our guest. Is a Dot.com-like stock market bust imminent? Does Bitcoin lead the US stock market? Will the Fed reverse course on rates? How far could markets crash - startling projections.
Global economic psychosis? Is the banking system bankrupt? Great-depression era, 2.0. Opportunities in "junk-silver." History suggests gold and silver investors will be rewarded with the "greatest transfer of wealth in history."
We’ve seen enormous technological change in the last 70 years. The next 50 years will bring several multiples of it. Some will surprise us—technologies so revolutionary we can’t presently imagine them.
This is part one of a series on COMEX gold futures contracts, for those interested to reach a proper understanding on this section of the gold market. In this first part we will discuss the history of futures trading and the basics of COMEX gold futures.
First let me get this in print up front; the gold price (like most/all markets) is manipulated in different ways. It can be talked down, it can be subject to paper buying/selling that does not bear resemblance to its street value and it can be..
The banking sector problems are still unfolding. There are still banks that are struggling to meet deposit demand as higher yields lower the value of a bank’s assets.
In many metal markets, the West’s reluctance to mine has been China’s gain. During the 2000s, metals were much more readily available than they are currently, and China was there, ready to sign offtake agreements and lock up..
Navigating atypical economic trends requires expert due-diligence. Financial leverage in the banking sector amplify economic risks. Taking preparations before the crisis resumes with earnest is advisable.
Historically, gold thrives when global economic conditions get worse. Investors are likely to favor gold as it provides a buffer against the possibility of a US recession this year, according to strategists at JPMorgan Chase.
