Endless Gold Bull Market Fuel!
U.S. federal budget deficit hits $863 billion for the month of June alone! Expect exponential growth in the volume of federal red ink until the dollar based monetary system breaks down! Gold measured in worthless dollars is heading much, much higher.
A potential crisis in Comex gold looks increasingly likely according to Alasdair Macleod. https://www.goldmoney.com/research/goldmoney-insights/a-potential-crisis-in-comex-gold
The August active contract runs off the board at the end of this month and bullion banks are likely to be forced into large delivery volumes again. Furthermore, the exchange for delivery arbitrage facility between Comex and the LBMA is broken, allowing Comex premiums to London spot to go unchallenged.
It is increasingly possible the gold contract is evolving into deep crisis, and that force majeure might have to be declared if, as seems increasingly inevitable, a wider banking crisis ensues.
8/12 The Gold Silver Show – Inflation, Deflation or C... - Mike Maloney
8/11 Could Wall Street Lose the Election? - Charles Hugh Smith
8/10 John Rubino’s Top 13 Videos of the Week - Various
8/7 Gold at $2,000. What’s the Big Fuss? - Alasdair Macleod
8/6 Soaring Food Prices & Coronavirus - Peak Prosperity
8/5 Unfortunately, It’s Worse Than Great Depression - Jay Taylor
8/4 From Lockdowns to The Great Reset - Mises Institute
8/3 Why So Many Cities Are Paralyzed - John Rubino
8/1 John Rubino’s Top 10 Videos of the Week - Various
7/31 Gold & Silver’s Time has Arrived - Peak Prosperity
7/30 US Q2 GDP Crashes By A Record 32.9% - Zero Hedge
7/29 The Nation Is Falling Into the Abyss Between... - Charles Hugh Smith
7/28 Why Marxist Organizations Like BLM Seek to Dism... - Mises Institute
7/24 Explaining the Credit Cycle - Alasdair Macleod
7/24 Gold and Silver Roar Higher: The Canaries in the C... - Ronan Manley
7/23 Inflation/Deflation: The Economy Is an Elephant - Charles Hugh Smith
7/22 Silver Soars –Where to Next? Mike Maloney - Mike Maloney
7/21 A Rising Demand for Money Won’t Save Us from ... - Mises Institute
7/20 Inflation: This Time Is Different - Alasdair Macleod