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Commentaries

GoldSeek.com to Launch New Website

GoldSeek.com is pleased to announce that it will be launching its new website in the coming days.  This will be the third major revision to the GoldSeek website over the past 25-years. In the next version of GoldSeek.com, we are excited to announce the following features:

Gold's sharp rise throws Financial Times into an erroneous sulk

Appended is tomorrow's editorial in the Financial Times, which, taking note of gold's sharp rise in price, begins with a factual error, goes on to sulk for six paragraphs, and concludes with the hope and expectation that gold will go back in the dumpster eventually. The error beginning the editorial is the assertion that gold doesn't pay interest. Gold doesn't automatically pay interest like a bond because it doesn't have to, since holding gold incurs no risk. An ounce of gold today will be…

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months

Due to measures taking by the West Point Mint to protect workers from the virus, the production of gold and silver coins will be reduced over the next 12-18 months.  By enacting these worker policy changes, the U.S. Mint will not be able to produce gold and silver bullion coins at the same time.  Thus, if demand continues to be strong for Gold and Silver Eagles, we could see higher premiums in the future. According to the Bloomberg article published yesterday, U.S. Mint Has Reduced Silver,…

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?

At around the 2008 financial crisis (during the significant monetary base increase) gold fell to a low of about 34% below the then all-time high. After about 4 months gold increased about 47% from that low, but did not make a new all-time high. The new all-time high only came about 13 months after the low of the crisis. During the current crisis ( after the significant monetary base increase) gold fell to a low of a about 25% below the all-time high. It is also important to note that the…

Gold Price Discovery of Post-QE Infinity: Gold Miners Will Become the Next Proxy for Gold Price

"It’s a very unique time and period in history but it’s good to take some action right now and don’t wait. I don’t think this is a time to be waiting for everyone else to take action because when they do you see how supplies get raided very quickly and disappear.” – Peter Spina

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