Five weeks ago, we wrote that sharply negative real interest rates were going to drive prices higher in the weeks ahead, and so far that forecast is playing out as expected. So what happens next?
China has been known to implement capital controls as it seeks to control the ebb and flow of currency within its borders.
A cryptocurrency can make these controls impossible to execute..
For the mining industry to avoid becoming the traffic jam on a super-highway leading to the future electrified/ decarbonized economy, a lot more copper needs to be found.
A Truth in Accounting report from April concluded the real federal debt is 123 trillion dollars — over four times larger than the 28 trillion dollars “official” debt. The higher debt calculation includes the federal government’s unfunded liabilities.
The fact is that physical gold and silver bullion transactions are difficult to trace. Bullion generates no records on digital ledgers and cannot be “hacked” or seized electronically.
Gold and silver offer stability during a period of extreme stock market volatility and low bond yields, and while they do not pay interest or dividends, they are not subject to inflation like paper currencies.
The precious metals market may be starting to figure out that price inflation caused by Central Bank money printing in the last year – with the Fed leading the charge – is going to become an uncontrollable problem
Financial markets have become a complete joke. From GameStop to Dogecoin to non-fungible tokens (NFTs), a plethora of assets have been pushed to laughable heights with the help of the Federal Reserve’s funny money.
The deleveraging tremors to follow will reduce the asset side of the global ledger by perhaps nine or ten zeroes as deflation runs its course. The sucking power of this black hole will come from..
The recently reported March and April statements of account of the Bank for International Settlements disclose a decline in gold swaps from the record high estimated at 552 tonnes as at February 26, 2021.
