The conversation covered various topics: opening a new depository, gold loans, the current retail precious metals market, and ongoing efforts to promote sound money policies.
Investors should understand that continued financial and economic weakness or a severely deep recession with falling stock prices, could occur whether rate cuts are announced or not.
It gets interesting when we look at the charts, one thing becomes immediately obvious. That’s which administration, Trump’s or Biden’s, is responsible for the current bout of inflation.
Opening the door to gold clauses would knock down a barrier to using sound money – gold and silver – in the marketplace, and would serve to limit the Fed’s monopoly fiat money system.
Both copper and silver are crucial for EVs and electrical infrastructure. Supply deficits in both markets may drive prices higher in the future, regardless of the next President.
Fiscal policy and not Fed policy will be the main driver of interest rates in the future, as the cost of the debt is drowning out the ability of the Fed to use normal monetary policy.
Jim Rogers discusses the US economy and why he's buying silver right now. Additional topics include the drive by countries such as China to stock up on gold, and what this tells us.
