Gold and What Moves it.
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If These Two Brilliant Investors Are Right About Future Growth, The World Is Screwed

If These Two Brilliant Investors Are Right About Future Growth, The World Is Screwed | Gold and What Moves it. | Scoop.it
Imagine what budget deficits will look like with growth of only 1%-2% per year.

 

by the Economist:

 

"WHAT distinguishes modern man from his ancestors is the expectation of steady economic and population growth. Since the start of the 19th century, both have taken off in a way that was not seen in ancient times or the middle ages.

 

"As we look forward to the next 20-30 years, we can be pretty sure that population growth is going to slow, and in some countries, there will be a fall. Does the same apply to the economic growth rate? ..."

 

hat tip to http://economicsignsofthetimes.blogspot.com/2012/11/monday-roundup-11-26-12.html ;

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Gold and What Moves it.
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LearCapital | Download Lear Gold & Silver Daily Today!

LearCapital | Download Lear Gold & Silver Daily Today! | Gold and What Moves it. | Scoop.it

Download the Free Lear Gold & Silver Daily Today!

 

Stay on top of the latest breaking commodities market news, coin prices, real time charts and special promotions from Lear Capital's “Lear Gold and Silver Daily” app for both iOS  and Android devices .

 

The Lear Gold and Silver Daily app is a special new benefit brought to you by Lear Capital at no additional cost.

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Inflation Isn't Evenly Distributed: The Protected Are Fine, the Unprotected Are Impoverished Debt-Serfs

Inflation Isn't Evenly Distributed: The Protected Are Fine, the Unprotected Are Impoverished Debt-Serfs | Gold and What Moves it. | Scoop.it
Welcome to debt-serfdom, the only possible output of the soaring cost of living for the unprotected many who are ruled by a hubris-soaked, subsidized Protected Elite.

The Consumer Price Index (CPI) measure of inflation is bogus on a number of fronts, a reality I've covered a number of times: though the heavily gamed official CPI is under 2% for the past four years, the real rate is 7% to 12%, depending on whether you happen to live in locales with soaring rents/housing and healthcare costs.
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Want to Understand Rising Wealth Inequality? Look at Debt and Interest

Want to Understand Rising Wealth Inequality? Look at Debt and Interest | Gold and What Moves it. | Scoop.it
"Governments cannot reduce their debt or deficits and central banks cannot taper. Equally, they cannot perpetually borrow exponentially more. This one last bubble cannot end (but it must)."
I often refer to debt serfdom, the servitude debt enforces on borrowers. The mechanism of this servitude is interest, and today I turn to two knowledgeable correspondents for explanations of the consequences of interest.

Correspondent D.L.J. explains how debt/interest is the underlying engine of rising income/wealth disparity:
Here is a table of the growth rate of the GDP.
If we use $16T as the approximate GDP and a growth rate of, say, 3.5%, the total of goods and services would increase one year to the next by about $500B.
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Fed's Bullard Slams Recovery Narrative, Confirms Fed Top-Ticked Economy; Hints At Fed Policy Error | Zero Hedge

In a surprisingly candid discussion of the recent economic slowdown, St. Louis Fed president said growth is unlikely “to move meaningfully” this year from the current trend of about 2% and that inflation expectations “have surprised to the downside.” adding that financial market readings since the March decision have been opposite of expectations. "This may suggest that the FOMC’s contemplated policy rate path is overly aggressive relative to actual incoming data."
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Silver: Train Leaving Station Soon!

Silver:  Train Leaving Station Soon! | Gold and What Moves it. | Scoop.it

Silver prices are rising along the bottom of a 20 year log scale trend channel (shown later). There are no guarantees in a manipulated paper market, such as COMEX silver, but it is possible that silver prices will collapse further, or more likely, move substantially higher, sooner rather than later.
Silver prices COULD fall from their current level of $16 – $17 to under $10. Other events that COULD occur include:

You could win the Powerball Lottery.

The U.S. congress could balance the budget and reduce debt.

The Federal Reserve could apologize for destroying the dollar.

President Putin and Hillary could sing “Kumbaya” together.

The Middle-East could ascend into a century of peace.

And it is possible that silver prices could drop under $10.

But realistically, we know...

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China Is About To Unleash A New Global Monetary System - King World News

China Is About To Unleash A New Global Monetary System - King World News | Gold and What Moves it. | Scoop.it
Stephen Leeb:  “If you’re a gold investor fretting at the metal’s seeming drowsiness, don’t worry. A lot has been happening lately that brings us closer to the launch of a great bull market in gold that will be unmatched in its sweep and longevity. The biggest mistake you can make now would be to get shaken out of your gold (and silver) positions if gold continues to tread water or possibly even dips below $1,200. The second-biggest mistake would be to not take advantage of near-term weakness to add to your holdings…
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Record Global Debt Will Pop Record Bubbles-Michael Pento | Greg Hunter’s USAWatchdog

Record Global Debt Will Pop Record Bubbles-Michael Pento | Greg Hunter’s USAWatchdog | Gold and What Moves it. | Scoop.it
By Greg Hunter’s USAWatchdog.com “Early Sunday Release”

Money manager Michael Pento sees records being set in the financial markets. but not in a good way. Pento explains, “Let’s be positive here.  I don’t root for bad things to happen.  So, for the first time in history, we’re going to have bubbles that don’t pop?  Does that make any sense to anybody?  This is the first time in history we have a record level of debt and a record distortion in asset prices.  Again, a record amount of debt that, by the way, is 300% of global GDP.  That’s $230 trillion, and that’s supposed to turn out just dandy?  I don’t believe it.”
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Global silver output falls for first time in 14 years | MINING.com

Global silver output falls for first time in 14 years | MINING.com | Gold and What Moves it. | Scoop.it
Global silver production dropped last year for the first time since 2002 driven by lower by-product output from the lead/zinc and gold sectors, as well as a sharp decline of scrap supply to the market, which hit its lowest since 1996.

According to the latest Silver Institute report, released Thursday, total silver supply decreased by 32.6 million ounces in 2016 in line with decreased demand for the precious metal, with falling jewellery, coin and bar and industrial consumption contributing to an 11% drop.
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17 Reasons To Avoid Gold

17 Reasons To Avoid Gold | Gold and What Moves it. | Scoop.it
by Gary Christenson
(Warning: Satire and sarcasm alert!)
 

Central bankers are managing paper currencies for the benefit of the people, not the financial and political elite. Consequently consumer prices are stable and there is no reason to own gold as protection from currency devaluations.
Time Magazine confirmed that Greenspan, Rubin and Summers saved the world in 1998. Bernanke did it again after the last crisis. In 2012 he was called “The Hero” by The Atlantic.
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What’s really going on between Goldman Sachs and the federal government?

What’s really going on between Goldman Sachs and the federal government? | Gold and What Moves it. | Scoop.it

by John Crudele:


Just for laughs, let’s start out with this idea — that Goldman Sachs acts as an agent of the federal government. Let’s see if I can persuade you.

For starters, it wasn’t too long ago that then-President-elect Donald Trump vowed to drain the swamp — before he went ahead and hired six Goldman executives to clog up the drains.

Last week, The Post’s Kevin Dugan broke the fascinating story that the Justice Department’s investigation into possible rigging of US Treasury Department securities offerings was focusing on Goldman — which, sources told Dugan, had won an astonishing percentage of government bond auctions from 2007 to 2011.

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What's Killing the Middle Class? (Part 1)

What's Killing the Middle Class? (Part 1) | Gold and What Moves it. | Scoop.it
The rising asymmetry of rewards within our economy has many drivers.
We all know the middle class that actually owns capital and wields political influence is shrinking. As I noted last week in Redefining the Middle Class: It Isn't What You Earn and Owe, It's What You Own That Generates Income, defining the middle class by household income alone is a misleading metric, as it leaves out the critical factors of debt and ownership of productive assets.

A household may have an income of $150,000 and appear well-off by that metric, but if they are mired in debt and own virtually no productive assets or wealth that can be passed on to future generations, they aren't middle class--they're well-paid proletariats.
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Insightful post, I think. Click through for the full post. This is why true money is key. Plus, get out of debt!
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Debt is Financial Life – Nonsense!

Debt is Financial Life – Nonsense! | Gold and What Moves it. | Scoop.it
Posted on May 4, 2017 by Gary Christenson
Examine the picture below. The global economy thrives on debt and credit. We purchase essential products using debt/credit. The U.S. dollar bill is a debt of the Federal Reserve. All debt based assets have counter-party risk.

The St. Louis Federal Reserve publishes data on “Total Debt Securities” in $ millions. Note the rapid rise since 1971 after President Nixon encouraged rapid devaluation of the dollar.
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The Elites Have Destroyed the Status Quo's Ability to Self-Correct

The Elites Have Destroyed the Status Quo's Ability to Self-Correct | Gold and What Moves it. | Scoop.it
You may have seen these charts before, but they tell the story of a middle class in decline.
For any system to endure, it must maintain a built-in capacity to self-correct: that is, it must generate accurate informational feedback about dangerous asymmetries and auto-correct with behavioral feedback.
This is true of ecosystems and enterprises as well as political/social systems.

Human systems can lose the ability to self-correct in three basic ways.
1. The information feedback is no longer accurate because self-serving interests manipulate the data to maintain whatever narrative/data-flow supports their power, wealth and income.
2. Self-serving interests limit any behavioral feedback that threatens their power, wealth and income.
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Russian explorers find 'swamp' of Soviet money, all worthless | Gold Anti-Trust Action Committee

By Maria Kiseleva and Alistair Coleman
British Broadcasting Corp., London
Thursday, May 25, 2017

A group of explorers in Russia have found around a billion roubles in old Soviet money at an abandoned mine, but it's all completely worthless.

The group from St. Petersburg, who publish a blog on abandoned sites across Russia, came across the money after following rumors that large quantities of cash had been dumped in old missile silos near Moscow after the collapse of the Soviet Union, the Komsomolskaya Pravda news website reports:

http://www.spb.kp.ru/daily/26683.4/3705974/
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Yet another example how real money, gold and silver, is vastly superior to this fake stuff.
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Over The Last 10 Years The U.S. Economy Has Grown At EXACTLY The Same Rate As It Did During The 1930s

Over The Last 10 Years The U.S. Economy Has Grown At EXACTLY The Same Rate As It Did During The 1930s | Gold and What Moves it. | Scoop.it
Even though I write about our ongoing long-term economic collapse every day, I didn’t realize that things were this bad.  In this article, I am going to show you that the average rate of growth for the U.S. economy over the past 10 years is exactly equal to the average rate that the U.S. economy grew during the 1930s.  Perhaps this fact shouldn’t be that surprising, because we already knew that Barack Obama was the only president in the entire history of the United States not to have a single year when the economy grew by at least 3 percent.  Of course the mainstream media continues to push the perception that the U.S. economy is in “recovery mode”, but the truth is that this current era has far more in common with the Great Depression than it does with times of great economic prosperity.

Earlier today I came across an article about President Trump’s new budget from Fox News, and in this article the author makes a startling claim…

The hard fact is that the past decade’s $10 trillion in deficit spending has produced the worst economic growth as measured by Gross Domestic Product in our nation’s history.  You read that right, in the past decade our nation’s economy grew slower than even during the Great Depression. This stagnant, new normal, low-growth economy is leaving millions of working age people behind who have given up even trying to participate, and has led to a malaise where many doubt that the American dream is attainable.

When I first read that, I thought that this claim could not possibly be true.  But I was curious, and so I looked up the numbers for myself.
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This Is Exactly How China Plans To Send The Price Of Gold Skyrocketing - King World News

This Is Exactly How China Plans To Send The Price Of Gold Skyrocketing - King World News | Gold and What Moves it. | Scoop.it
China Continues Its Massive Accumulation Of Gold
Stephen Leeb:  “At the moment, a stack of about 25 recently published books teeters on the floor next to my desk. They’re all about China: its rise, its economy, its plans for the Silk Road. And not one of them talks about gold. This happens to be very good news for me, since I’m proposing to write a book about China and gold, and prospective publishers want to know I haven’t been beaten to the punch. 

But more relevant to gold’s prospects, it also shows how craftily the Chinese mask their ambitions, in line with Sun Tzu’s “The Art of War” and more recently Deng Xiaoping. Echoing Sun Tzu, Deng said China must “observe developments soberly, maintain our position, meet challenges calmly, hide our capacities and bide our time…never claim leadership.”
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Grandich Observation

My personal investment philosophy is to be a live chicken versus dead duck until further notice.

Meanwhile, my belief, that gold was a much safer and prudent holding, remains entrenched in my belief this is the earliest stage of a mega bull market unfolding in the gold market.



Here is a chart of gold that has witnessed a classic “step-up” pattern of higher lows (A, B, C and D) and higher highs (E,F and G). And during each pullback, the overwhelming number of gold bears roll out their same “anti-gold” propaganda that the financial media loves to spew to their readers.
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US' debt back at record high after a decade - The Economic Times

US' debt back at record high after a decade - The Economic Times | Gold and What Moves it. | Scoop.it
Americans' debt level reached a record high this year, surpassing the peak touched just as the worst of the recession was taking hold in 2008, and marking a milestone for households that now lean less on mortgages and more on auto and student loans.

Total U.S. household debt was $12.73 trillion at the end of the first quarter of 2017, up $473 billion from a year ago, according to a Federal Reserve Bank of New York survey released on Wednesday.
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Click through for the rest. Debt is slavery. Gold and silver currency is a cure.
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State of Denial: The Economy No Longer Works As It Did in the Past

State of Denial: The Economy No Longer Works As It Did in the Past | Gold and What Moves it. | Scoop.it
There's no Plan B for a state-corporate form of central-planning capitalism that is no longer functioning.
If there is one reality that is denied or obscured by the Status Quo, it is that the economy no longer works as it did in the past. This is the fundamental economic context of our current slide into political-social disintegration.

The Status Quo narrative is: the policies that worked for the past 70 years are still working today. Boiled down to its Keynesian state-corporate essence, the Status Quo economic narrative is simple:
All we need to do to escape a "soft patch" (recession) is for governments to borrow and spend more money to temporarily boost incomes and demand until the private sector gets back on its feet and starts borrowing and spending more.
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A LOOK AT THE SILVER/GOLD RATIO, INFLATION/DEFLATION AND THE YIELD CURVE

A LOOK AT THE SILVER/GOLD RATIO, INFLATION/DEFLATION AND THE YIELD CURVE | Gold and What Moves it. | Scoop.it
An email from a reader (of the eLetter, I think) calling me out on trying to make too many correlations in a dysfunctional market (I think that was his bottom line point, and he's got a good point) got me thinking about the Silver/Gold ratio and some pretty interesting post-2011 dysfunction (so it seems) in the markets.

Markets that made sense in certain ways prior to 2011 no longer make sense in the same ways. For instance, the S&P 500 used to be correlated to the Silver/Gold ratio, which itself was positively correlated to inflation and/or inflationary economic growth. Gold also liked for silver to be leading it, not the other way around.
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Gold, Silver Climb for Second Day

Gold, Silver Climb for Second Day | Gold and What Moves it. | Scoop.it
Gold futures settled higher for a second straight session Thursday as U.S. and world stocks weakened.

Gold for June delivery tacked on $5.30, or 0.4%, to settle at $1,224.20 an ounce on the Comex division of the New York Mercantile Exchange.

"I think it’s a market looking for the next catalyst. Speculators are stuck waiting," Reuters quoted Afshin Nabavi, head of trading at MKS in Switzerland. "Higher real rates in the U.S., better economic growth in Europe; those all end up being headwinds," he added.

Gold futures ranged from a low of $1,216.90 to a high of $1,227.70. They rose 0.2% on Wednesday, shed 0.9% on Tuesday — closing at their lowest price since March 15, and edged up 20 cents on Monday.
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Is Gold Signaling The Next Financial Crisis?

Is Gold Signaling The Next Financial Crisis? | Gold and What Moves it. | Scoop.it
Gold and silver have been sold down pretty hard since April 18th. But the structure of the weekly Commitment of Traders report, which shows the long and short positions of the various trader classifications (banks, hedgers, hedge funds, other large investment funds, retail) had been flashing a short term sell signal for the last few weeks. The net short position of the Comex banks and the net long position of the hedge funds had reached relatively high levels. Except Thursday (May 4th), almost all of the price decline action was occurring after the London p.m. gold fix and during the Comex floor trading hours, exclusively. This tells us all we need to know about the nature of the selling, especially given the enormous amount of physical gold currently being accumulated by the usual eastern hemisphere countries. The table to the right  calculates the Comex banks’ paper gold positioning going back to 2005.  As you can see, currently the net short position and the net short position as a percent of total open interest has reached a relatively high level. This typically happens when the banks engage in raiding the Comex by unloading massive quantities of paper gold in bursts in order to trigger hedge fund stop-loss selling. It serves the dual purpose of pushing down the price of gold and providing a relatively riskless source of profits for the banks.
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Bull Run for Gold Sheer Fantasy or is it forming the base for the next upward leg?

Bull Run for Gold Sheer Fantasy or is it forming the base for the next upward leg? | Gold and What Moves it. | Scoop.it
By Sol Palha

A complex system that works is invariably found to have evolved from a simple system that works.

John Gall

The Gold bugs and Gold experts must be going through hell; almost seven years later and the Gold Markets refuse to follow the path these individuals have laid out for it. Proclamation after proclamation has failed, and the detested dollar much to their angst and surprise has continued to trend higher. Inflation has not taken off as they expected; well at least based on the distorted figures the government issues. The masses believe this data is real and that is all that matters in the end. Truth or a lie is based on a perception and perceptions are driven by emotions, which means that everything is up for debate. What holds true today might not hold true tomorrow or what is deemed valid today might be deemed as rubbish tomorrow.

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Aristotle’s 5 reasons gold is money

Aristotle’s 5 reasons gold is money | Gold and What Moves it. | Scoop.it
Money

If you can’t define a word precisely, clearly, and quickly, that’s proof you don’t understand what you’re talking about as well as you might. The proper definition of money is something that functions as a store of value and a medium of exchange.

Government fiat currencies can, and currently do, function as money. But they are far from ideal. What, then, are the characteristics of a good money? Aristotle listed them in the fourth century BCE. A good money must be all of the following:

Durable: A good money shouldn’t fall apart in your pocket nor evaporate when you aren’t looking. It should be indestructible. This is why we don’t use fruit for money. It can rot, be eaten by insects, and so on. It doesn’t last.

Divisible: A good money needs to be convertible into larger and smaller pieces without losing its value, to fit a transaction of any size. This is why we don’t use things like porcelain for money—half a Ming vase isn’t worth much.
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Redefining the Middle Class: It Isn't What You Earn and Owe, It's What You Own That Generates Income

Redefining the Middle Class: It Isn't What You Earn and Owe, It's What You Own That Generates Income | Gold and What Moves it. | Scoop.it
No wonder the "middle class" has lost political power--it has lost the economic power of the ownership of productive assets.
Longtime correspondent Mark G. observed that the key phrase in yesterday's excellent commentary by correspondent Ron G. is property-owning middle class. Mark wrote: "It appears to me that the income bracket method used today isn't very informative."

Here is Ron's commentary again:
"The American economy and people are not being served by a government that was designed to be a Democratic Republic, whose architecture and balance of power depended on a property-owning middle class to be the countervailing force against Oligarchy; given the irreversible nature of the market and technology that contributed to the decline of the US middle class, (globalization, automation and AI), it is apparent that we will stay on this downward track of the middle class for the immediate future, and therefore more disparity, dispossession, and coercion will be needed to maintain control, and to me this means a future of intimidation, censorship and continued involuntary servitude."
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Comex Crime Scene Mechanics

Comex Crime Scene Mechanics | Gold and What Moves it. | Scoop.it

By Turd Ferguson | Tuesday, May 2, 2017 at 3:30 pm


Perhaps you should consider the following information before entering The Comex Casino next time?


Or, if you still can't help yourself, there's always 1-800-BETS-OFF. Through late March and into April, we tried...and tried...and tried again to warn/educate as many as possible that The Silver Bullion Bank Cartel was once again up to their evil, criminal tricks. Here are the relevant links: ....

2
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