26 Feb

The Fed Heads to a Crypto Dollar

Do you have assets that are off the grid? Developing a digital currency is a “high priority project for us,” Federal Reserve Chairman Jerome Powell told congress last week. “We are committed to solving the technology problems, and consulting very broadly with the public and very transparently with all interested constituencies as to whether we […]

25 Feb

The Money Boom

Here is an illustration from a Wall Street Journal opinion piece by John Greenwood and Steve H. Hanke (2/21/21) called “The Money Boom Is Already Here.” It shows Washington pumping a lot of money into the canyons of Wall Street.  The sub-headline reads, “Since February 2020, the M2 supply has increased 26%—the largest one-year jump […]

24 Feb

Is the Dollar the New Big Short?

Michael Burry, made famous in the movie about the bursting of the mortgage bubble The Big Short, has gone on a tweetstorm warning about looming US inflation. Burry, who was played by Christian Bale in the movie, made himself and the investors in his fund hundreds of millions of dollars by shorting mortgage credit instruments.  […]

21 Feb

A Gift for Investors

Gold on sale, just as inflation returns! It is like a gift from the gods, a smile and a nod from the fates, or maybe just a fortunate coincidence.  Whatever you call it, gold is on sale at the least likely time – just when inflation is starting to rear its ugly head. Let us […]

19 Feb

Real Silver

If there was not a problem with paper money, there would be no reason to own gold and silver. If paper money was as good as gold and silver, then all the paper currencies that have failed throughout history would still be around.   Still around like gold and silver. Once again, we are experiencing […]

17 Feb

Food Inflation

Q:  What’s that on the horizon? A:  It sure looks like consumer price inflation.  But go to the grocery store and have a look for yourself. Here is the lead paragraph from a Bloomberg News story this week (2/16): “There are signs that the food inflation that’s gripped the world over the past year, raising […]

13 Feb

The Silver Institute: “Silver Headed Higher”

Forecasting higher demand, The Silver Institute, a trade association, says the outlook for silver in 2021 is “bright.” “The outlook for the silver price in 2021 remains exceptionally encouraging, with the annual average price projected to rise by 46 percent to a seven-year high of $30.00,” according to the Institute’s just released analysis. Silver’s average […]

13 Feb

When the Government Pays for Everything…

…Gold Goes Up! We have been asking our friends and clients recently if they have invested for the Biden presidency.  In our new radio commercials, we point out that Biden and his supporters want the government to pay for everything. Everything! Now, we don’t want you to think we are exaggerating, so here’s the latest:  […]

09 Feb

Gold Will Always Win in the End

The Labor Department reported Wednesday (2/10) that in the 12 months through January the Consumer Price Index rose 1.4 percent.  For the month of January, the CPI was up 0.3 percent. The mainstream media, whose personnel do not really know much about these things, chose to report this as news that inflation was “benign.”  We […]

07 Feb

Did You Know?

Did you know… That there have been no discoveries with more than two million ounces of minable gold since 2017?  That while the rate of growth changes along the way, Russia and China have been aggressively increasing their central bank gold holdings for years?  Russia’s central bank holds 2,299  tons of gold, China holds 1,948 […]

05 Feb

U.S. Mint Struggling To Meet Demand for Gold and Silver Coins

Republic Monetary Exchange “Best Practices” Mean Immediate Delivery! A Reuters news story sums it all up this way: “The United States Mint said on Tuesday (2/2/21) it was unable to meet surging demand for its gold and silver bullion coins in 2020 and through January, due partly to pandemic-driven demand and plant capacity issues.” As […]

02 Feb

Inflation in the Banana Republics

“At some point someone is going to make the obvious observation, which is that income inequality, which is making our country unstable, is being driven from one main source.  And that is the Federal Reserve, which is shoveling money to Wall Street, excluding most people from that payoff, and hurting a lot of people like […]

31 Jan

Talk About Wealth Preservation, Part 2

In our last commentary, Talk About Wealth Preservation!  Part I, we made the point that wealth preservation, even for a single century, cannot be trusted to paper currency.  On the contrary, paper money’s track record for preserving value is beyond dismal.  Gold’s performance is superior.   Gold stands the test of time. Perhaps someone will […]

28 Jan

Talk About Wealth Preservation, Part 1

Suppose a hundred years ago some far-sighted benefactor, someone a few generations back, wanted to leave some wealth for their descendants – including you.  Would you be better off if they left you $10,000 cash in bills or $10,000 in gold? A hundred years ago American money was gold. Americans commonly carried and conducted commerce […]

26 Jan

The Road to Financial Perdition

“We’re in the throes of the greatest monetary inflation in U.S. history. Things have come home to roost – we just haven’t realized it yet. Fed liquidity is masking deep structural impairment, while Trillions necessary to stabilize a fragile Bubble Economy only push the runaway financial Bubble to more precarious extremes.” Doug Noland, Credit Bubble […]

24 Jan

Buy Silver Now!

Is Silver the New Oil? Silver was up 48 percent last year.   Now leading refineries and banks in Switzerland are telling their clients to expect even greater silver price increases by the end of 2021. Perhaps they are expecting four years of the most financially irresponsible administration in US history. That is just one […]

23 Jan
Janet Yellen

The “Doom-Loopers” Take Over Washington

Poor Joe Biden.  Democrats in control of both Houses of Congress.  Janet Yellen at the Treasury Department.  Jerome Powell at the head of the Federal Reserve. Biden has a retinue of “doom-loopers”.  And he doesn’t even know it.   Doom-looper Yellen testified at her confirmation hearing this week (1/19) that low-interest rates make Biden’s big […]

20 Jan

Big, Bigger, Biggest

Ready for the New Breed of Spenders? Washington has seen its share of big spenders.  Bush and Obama were among them.  Trump was an even bigger spender.   But now, Washington is home to the biggest spenders of them all. Even before Biden’s inauguration, his Treasury secretary nominee appeared before the Senate for confirmation.  Janet […]

16 Jan

Mid-January Investor News Round-Up

In times of crisis, informed people turn to gold and silver.   This is such a time.  It is a classic descent into chaos.    Today we’d like to share a few news stories.  None of them take much reading between the lines, so we will be sparse in our comments. The first one is […]

15 Jan

Inflation Raises Its Ugly Head

Did the authorities really think they could throw $3 trillion more into the US monetary mix without causing price increases? No, they didn’t think that.  Mostly they didn’t think at all.  They just did it.  And because they are preparing to do even more of the same, you can expect 2021 to be the year […]

13 Jan
Gold Bull Market Coming

The Rush to Gold Will Be a Global Phenomenon

So far, the gold and silver bull market that began by our reckoning in August 2018 has been fairly typical.    Don’t misunderstand!  We’re saying it has been typical for a powerful bull market!  The move so far has been most impressive.  Gold is up almost $700 an ounce since the bull started running.  In […]

10 Jan
sinking dollar

The Diving Dollar

Have you seen what has been going on with the US Dollar?  It looks like it is diving off a cliff.  Here is a one-year chart of the US Dollar Index.  You can see the appearance of the COVID-19 shutdown early in 2020 and the confusion in the currency markets.  The dollar fell, bounced back […]

07 Jan

The Bubble Expert

Calling Jeremy Grantham an expert on stock market bubbles is justified by the evidence.   Wikipedia describes Grantham, whose firm has some $64 billion under management, this way: [Grantham] is a British investor and co-founder and chief investment strategist of Grantham, Mayo, & van Otterloo (GMO), a Boston-based asset management firm. Grantham is regarded as a highly knowledgeable […]

06 Jan

US Gold and Silver Coin Sales Surge

The US Mint reports that sales of its gold and silver coins surged in 2020.   Despite mint shutdowns and slowdowns in 2020 – and perhaps because of the economic shutdown and the monetary policies that followed – US mint bullion coin sales rose to the highest levels in years. Sales of American Eagle silver […]

02 Jan
gold bar on grains

This is What They Said About Gold!

More things said about gold, silver and sound economics worth remembering in 2021! Gold is a hedge on government authorities making poor economic choices. Inflation is usually the result of those poor decisions, but people confuse cause and effect here. Gold is a hedge on policy makers screwing up, and there has been a lot […]

31 Dec

2021 Predictions

Ten Things That Won’t Happen in 2021! Below are out predictions for the New Year.  Read all ten 2021 predictions and at the end you’ll discover a little surprise about our list! 10.  The Federal Reserve won’t stop managing the monetary system to benefit the banks that created it to serve their interests in the […]

26 Dec

Things Worth Remembering About Gold and Silver

Here are a few observations about gold and silver that we have been collecting to share with our friends and clients! Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary but is dependent on their scarcity, the quantity of labor bestowed in procuring them, and the value of the capital […]

22 Dec

This Special Time of Year

This time of year, many of our thoughts center on family.     For wealth protection, from generation to generation, nothing endures like gold.  In fact, someone called gold and silver “the superheroes of wealth preservation.” Gold is one of the least reactive chemical elements;  it does not tarnish or rust.  It is handy to […]

20 Dec
Nixon Closes the Gold Standard

Since We Left the Gold Standard

America’s Wealth Gap Grows… A new Time magazine story (do they still really publish an actual magazine?) is getting a lot of play.  It is a story about the wealth gap, the growing disparity between the rich and uber-rich and everybody else.  The headline reads: “The Top 1% of Americans Have Taken $50 Trillion From […]

16 Dec

Fed to Keep Doing What it Has Been Doing

The Federal Reserve has held its 2020 year-end meeting, promising to keep on doing what it has been doing. Which reminds us of the old saying that if you keep doing what you have been doing, you are going to keep getting what you have been getting. In this case, the Fed intends to keep […]

15 Dec

Took the Words Right Out of…

What is our government’s solution to the disaster they created? Well, more money from the Federal Reserve, printed out of nowhere and backed by nothing. You can’t keep printing trillions of dollars without getting serious inflation. There’s no getting around it. Inflation may crush you, but it will make the people making the decisions richer.  […]

11 Dec

Deficits, Inflation, and De-Dollarization

DEFICITS RACING AHEAD For the first two months of the 2021 government budget year, October and November, the federal deficit ran just over 25 percent higher than the same period a year earlier, before the pandemic. Associated Press: “The Treasury Department reported Thursday that with two months gone in the budget year, the deficit totaled […]

10 Dec

Not Liquidity – Solvency!

We have written repeatedly that we are fast approaching a crisis of not just liquidity, but of national solvency. Liquidity has to do with somehow – by means wise or foolish – meeting obligations that come due today. Solvency has to do with ongoing financial viability, about long-term viability of affairs as presently structured. Bankruptcy […]

10 Dec

Central Bank Digital Currencies

They have stepped on the gas!  The pedal is to the metal!  Central banks everywhere are scrambling to introduce their own digital currencies. Oh, the power they’ll have to corral every financial transaction into major institutions.  To watch everything you do.  To instantly impose policies without debate.  To cram negative interest rates down your throat. […]

06 Dec

Currency Games and Paper Money Shenanigans!

As you know from our repeated comments, the Federal Reserve is moving headlong toward the issuance of its own crypto-currency dollar.  This is as good a reason as any to protect your wealth with gold. The Fed’s new digital currency is a variation – although a much more threatening one – on old-fashioned money printing: […]

05 Dec

Silver Heading to $30 in the Coming Months

Solar Demand Figures Large in Goldman Sachs Outlook Goldman Sachs has renewed its call for silver to reach $30 an ounce in the next few months.   That target represents a 25 percent near-term gain in the silver price. Earlier this year Goldman set a price target of $30 for silver.  Silver touched $29.91 on […]

02 Dec

More on Global Debt

“How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and then suddenly.” – Ernest Hemingway, The Sun Also Rises.  The world is awash in debt.  Zombie corporations borrowing just enough to stay alive, but never earning enough to survive without borrowing more.  Entire countries trying to print their way through the next […]

29 Nov

Student Loan Debt and Other Gold News and Nuggets

STUDENT LOAN DEBT Commenting about student loan debt almost two years ago, we wrote, “Everything about student loan debt is bad economics.  All the easy money flowing the way of colleges and universities has led to a doubling of the cost of higher education over the past 20 years.  It has made the schools rich.  […]

25 Nov

An Economic Lesson from the Pilgrims

We hope that you can count the health and safety of your loved ones as among your greatest blessings of this difficult year.  Our heart goes out to all of those that have encountered this pandemic. We are grateful that 2020 has been such a good year for gold and silver and helping our friends […]

24 Nov
Gold and silver

Gold and Silver Roundup

As we near the end of the year we’ve been watching price forecasts for gold in 2021.  It is hard for anyone to overlook the fundamentals that we have been talking about:  unpayable and still climbing national debt and unprecedented Federal Reserve money printing.  It is clear that these conditions are accelerating, so we expect […]

22 Nov

Silver Shining Bright in 2020

What a year it has been for silver! Both gold and silver continue their year-over-year bull market runs, but as we have explained, silver likes to magnify the moves! Over the last 12 months (11/19/19 – 11/19/20) silver has gained an impressive 40 percent.   And that is after a 2o percent correction from its […]

21 Nov

A Muted Warning

You may have noticed increasing talk of a confrontation with Iran.  While economic warfare with Iran has been US policy for some time, there have been reports of new White House conversations about a possible strike on the Iranian nuclear site at Natanz.  Often leaks of that sort are simply part of diplomatic maneuvers.  But […]

20 Nov

World Debt Goes Stratospheric

Meanwhile, Interest Rates are the Lowest in History The debt splurge continues. Reuters reports that global debt is expected to reach $277 trillion by the end of this year.  That’s up from $257 trillion last year, with government debt accounting for more than half of the increase so far in 2020. Citing a new report […]

17 Nov

Strange New Respect, Part II

One way to track the growing de-dollarization of the global economy is by the “Strange New Respect” gold keeps getting. That’s what we called it in a piece over a year ago when we reported that central bank gold buying was setting new records.  The mainstream media were missing it (of course!), but the world’s […]

14 Nov

Gold Notes and Nuggets for November 2020

Silver Demand Indicator Sales of US Silver Eagles by the US mint have totaled 27.2 million ounces so far in 2020.  That compares to the 2019 total of 14.8 million ounces More Debt, Less Production “Simply put, there is a fundamental inconsistency over the long run between an ever-rising share of US debt in world […]

12 Nov

Wall Street Traders, Speculators Put Gold on Sale

We’re Always Grateful When They Do This We are heading into the homestretch of 2020.  Soon will be the holidays and then 2021, which looks to be another dynamic year for precious metals.  Through last week gold gained more than 27 percent in 2020.  That is after a strong year in 2019 as well, one […]

08 Nov

Gold Goes Up Either Way

Gold does not care who controls the White House.  It goes up either way! That is the conclusion of a review of half a century of gold price action.  The World Gold Council points out correctly that gold goes up no matter which party controls the White House! Let us give you some recent examples. […]

05 Nov

When the Election Dust Settles

Gold After the Election Let’s sample some informed opinions about what will happen once the election is (more or less) settled: According to the Royal Bank of Canada, once the dust settles, gold will resume its march higher.   According to The Union Journal, George Gero, the managing director of RBC Wealth Management, believes traders […]

04 Nov

China Won’t Fund U.S. Forever (But the Fed Will!)

It’s a good thing we have two eyes.  For good and sufficient reasons most people have been keeping a close watch on domestic affairs.  It’s a good thing to do, especially in the political season. But we have also been keeping an eye of global affairs where something important is happening.  Most of the media […]

30 Oct

All Money Printing, All the Time!

Just like in Alice in Wonderland, the Federal Reserve has to run faster and faster just to stay in the same place.   The Fed has had to buy a growing share of US government debt instruments to keep interest rates low and to keep Washington afloat.   Here are recent remarks from Federal Reserve […]

29 Oct

The Most Perilous Time in American History

The Left and Right Agree About Only One Thing: Printing More Money! Today’s commentary is drawn from observations by hedge funder David Einhorn of Greenlight Capital. In a rather dramatic announcement, Einhorn says that we have seen the top of the stock market.  It has been a bubble, one drivne by technology stocks, and that […]

27 Oct

The Full-Tilt Crypto-Boogie

We promised you last week that we would keep an eye on the Federal Reserve and let you know what it is up to.  That is because there is always a plan afoot to manipulate the currency and destroy its value.  Today we want to warn you about the latest.   There is no name […]

25 Oct

Jim’s 2020 Vote Guide

Dear Fellow Patriots! Below is a list of conservative candidates I am recommending for almost all offices on the ballot. You can view below or click here for the printable version to take with you to the polls. Let’s keep Arizona Red and Make America Great Again! President and Vice President Donald Trump and Michael […]

25 Oct

How High Will Silver Go?

$40? $50? $100? How much higher do you think silver will go?   One of the world’s largest investment banks agrees with us that it will go higher.   Much higher. Twice in less than 50 years, silver has raced to the $50 an ounce neighborhood.  The last time was in 2011.  Before that, it […]

23 Oct

Behind the Curtain

We think gold and silver will go up if Donald Trump is re-elected president. We think gold and silver will go up if Joe Biden is elected president. I’m sure you’d like us to explain since we have a two-party system and candidates that differ on the issues and on how the government should be […]

22 Oct

What We’re Up Against, Part II

Mercifully, the US government accounting year, Fiscal Year 2020, ended a few weeks ago.  It was one for the books. The record books. We’ll get to the numbers in a moment.  But we must tell you that in some ways this a repeat of a commentary we posted two years ago, with the ending of […]

16 Oct

23.6% of All US Dollars Were created in the Last Year!

A look at the Greatest Money Supply Surge in History The headline above is borrowed from Michael Shedlock’s blog, Global Economic Trend Analysis, at TheStreet.com. Although we have tracked the Federal Reserve’s massive dollar creation for you, we think the headline frames the frenzy in a dramatic way.  Almost a quarter of the US money […]

16 Oct

Stock Market Warning!

And a Wobbly Social Order! We have made the point many times that the US stock market is floating on the back of a loose money regime, money the Federal Reserve has been stove-piping to Wall Street. Here is a 10-year chart of the S&P500 stock index. Most of the left half of the chart […]

15 Oct

Spending Our Way to Prosperity

It’s all unfolding like a bad dream.   I mean our financial and monetary future. Maybe it is more like a “B” movie, one that is totally predictable. Nations globally have spent $12 trillion they do not have on “stimulus” measures this year.  The US is more than $3 trillion of that. But it is […]

09 Oct

The Billionaire’s First Time

Leon Cooperman Discovers Gold at the Age of 77! Like so many of the superrich these days, Leon Cooperman has discovered gold! The 77 year-old billionaire, senior Goldman Sachs investment veteran, and now chairman and CEO of the New York-based investment firm Omega Advisors, did just a few days ago what he had never before […]

08 Oct

Watch Out Below!

Gold to Gain from Falling Dollar The US dollar could fall by as much as 35 percent next year.  Thanks to the ending of its status as the world reserve currency. That’s according to Stephen Roach.  He says the dollar is vulnerable to a sharp correction. A crash is looming, he says. Roach is an […]

07 Oct

Mainstream Investors are About to Pile into Gold

You know from our reports that some of the investment industry’s most conservative institutions are discovering gold. See our commentary at the beginning of September New Faces in the Gold Spaces!  It described the Ohio Police & Fire Pension Fund decision to allocate five percent of its $15.65 billion portfolio to gold.  It also told […]

02 Oct

Discovering Gold

More and more people are discovering gold, but we don’t mean discovering gold like prospectors and miners do.  What we mean is that more and more people are beginning to understand that Washington’s debt and money printing are signs of trouble, spending two dollars for every dollar in taxes and printing trillions to cover the […]

01 Oct

Warren Buffett Rotating to Gold

It is sometimes fun to check in on the rich and famous.  And to watch them learn about gold.  That’s because if they don’t learn about gold, they may not always be rich and famous. Although Warren Buffett’s own father, who was a Nebraska congressman, was very wise about gold and its monetary merits, Warren […]

01 Oct

Acts of Desperation

The Monetary Authorities Have Fixed Nothing, Learned Nothing “As of the end of July, central banks had cut interest rates 164 times in 147 days and committed $8.5 trillion in stimulus.” That is the word from a Bloomberg News story this week, “How Unconventional Monetary Policy Turned Conventional.” The unconventional has become conventional, eh?  The […]

25 Sep

You Can See What’s Coming!

Secure your Wealth with Gold and Silver Take a look down the road. Financial… political… social instability.   You can see what’s coming.  It’s much easier to see how thing come apart than how they get put back together.   We have a bruising fight over a Supreme Court vacancy, a battle that may well […]

24 Sep

More Funny Money

“Wealth cannot be created by creating debt and money.” – Ray Dalio Federal Reserve Chairman Jerome Powell testifying in Washington, and other Fed officials running around the country, are of one voice calling for more Washington stimulus spending. Spending of money which Washington doesn’t have, by the way.  But not to worry, the Fed will […]

23 Sep

The Days Ahead

“Fasten your seatbelts!”  “Please keep your hands and arms inside the monorail at all times.” “Should the cabin lose pressure, oxygen masks will drop from the overhead area. Please place the mask over your own mouth and nose before assisting others.” Okay, we’re just trying to set the tone for the next couple of months.  […]

18 Sep

Debt Out the Wazoo=$7000 Gold?

From a dizzying array of news and information at our fingertips, we have ch0sen the following as among the most important and interesting for our friends and clients. $7000 GOLD BY 2025 Senior Bloomberg Intelligence Commodity Strategist Mike McGlone makes the case for $7,000 gold not too far down the road.   In a series […]

17 Sep

Fed Policies Bullish for Gold

Nobody ever said economics is funny, but this was enough to make a dog laugh! Because they can’t be serious, right?   Right? The Federal Reserve released a policy statement and economic projections Wednesday (9/16). The Wall Street Journal captured the absurdity of it all in a headline: “Fed Signals Interest Rates to Stay Near […]

16 Sep

The Government is Already Broke!

The US government isn’t going broke.   The US government is already broke. This is a little hard for most people to swallow.  After all, America is thought to be a rich country.  The government is huge.  We pay a lot of taxes.  How can the government be broke? But it is broke nonetheless. The […]

11 Sep

The New Stagflation Decade

If you’re old enough to remember the 1970s, then you remember the Stagflation Decade. If you’re not old enough, ask your parent or grandparents about it.   “Stagflation” is one of those made-up words, a portmanteau, as they are called, that combine two different words together to express something new.  Like “Brexit” to describe Britain […]

10 Sep

Three Things Every Gold Investor Needs to Know

Reasons for Higher Gold, Echoes of the Last Stock Bubble, and China Stocking Up! As gold continues to consolidate its remarkable 2020 gains and build a base for its next leg up, we’ve spotted three things that help provide a window on what’s ahead. Number 1: First, we’ll share the fundamental observations of a Bloomberg […]

10 Sep

Something Does Not Compute

You might very well have had a conversation like this recently: “How can the stock market be at an all time high when the economy is in the tank?  With all this unemployment?  All these people out of work?  All these unpaid mortgages and commercial leases?  With all these bankruptcies?” “How can the economy be […]

06 Sep

Is a COVID Food Crisis Next?

Maybe the Fed could arrange to jack up prices while so many American families are already just squeaking by! The Fed wants to raise the cost of living. We called your attention last month to the decision by the Federal Reserve to run inflation hotter.  See Fed: More Inflation Please! and Gold Just Became an […]

02 Sep

Silver Does it Again

Silver Has Outperformed Everything! The latest results are in.  Through the month of August silver remains the top performing major financial asset for the year 2020! Not only is silver ahead for the entire year, it outperformed other assets once again in the month of August.  That makes two months in a row that silver […]

01 Sep

New Faces in Gold Spaces

We’ve Spotted a New and Important Trend! We commented last month about gold skeptic Warren Buffett’s turn toward gold (see HERE and HERE).  It was a surprise move, but one we found very telling. Now there is another face in the gold space, one that we find equally significant.  Last week the Ohio Police & […]

28 Aug
how to invest in gold silver

Gold Just Became an Even Better Investment

You Can Thank the Federal Reserve! Gold, alluring enough in the age of a $27 trillion federal debt, just became even more important for people seeking to prosper and protect their wealth from the breakdown all around them. Inflation in the US is going to run hot.  Not as an accident.  Not by surprise.   […]

27 Aug

Fed: More Inflation Please!

Spectacularly Bad Fed Timing… As Usual! They’re going to put the pedal to the metal on the money printing presses. Federal Reserve Chairman Jerome Powell has broken the silence – it wasn’t very good silence; everybody knew it was coming.  The cronies always know what the Fed is going to do in advance, anyway – […]

26 Aug

Warren Buffett is Running from the Banks

Warren Buffet didn’t just move toward gold.  Warren Buffett moved away from banks.   Good moves both. As we reported last week, (Did Warren Buffett’s Dad Just Get a Whole Lot Smarter?), Buffett’s Berkshire Hathaway has purchased $563 million in shares of Barrick Gold, the world’s second-largest gold miner.   It’s a start. Next, maybe […]

21 Aug

More Breakdown

We have been pointing out that the breakdown that is taking place in American life is also at work crashing our monetary system. The signs of civic breakdown are all too visible.  Some of it, but by no means all, shows up on TV.  More can be seen on the Internet:  thugs and mobs assaulting, […]

20 Aug

Setbacks, Buying Opportunities, and Higher Gold Prices

Swiss Bank Sees “Buying Opportunity” After trading above and below and above $2,000 an ounce this month, the price of gold ran into a setback on Wednesday (8/19).   But Suisse Bank says, ““We see plenty of upside on the gold price and view the correction as a buying opportunity,” As we’ve detailed (See Raising […]

19 Aug

Did Warren Buffett’s Dad Just Get a Whole Lot Smarter?

Billionaires are Profiting During the Pandemic We learn from Forbes that the pandemic lockdown has been very, very good for Warren Buffett’s fortunes.   On March 18, 2020 his net worth was $68 billion.  Now its $80 billion.  40 percent of Americans may be out of work, and 100,000 business have disappeared forever, but with […]

14 Aug


We’re not trying to predict an unknown future in this commentary. We’re just pointing out that the signs of a breakdown are everywhere.  The streets of many of our most beautiful major cities have been turned into encampments for addicts and the homeless and dumping grounds for human waste and drug paraphernalia. Day after endless […]

13 Aug

Gold Prices in Constant Dollars

Gold has reached new highs in nominal terms but it’s still below its inflation-adjusted record How can you compare today’s gold and silver prices with their prices years ago? It is not as easy as comparing today’s price with the price on any given day in the past.  The reason why goes right to the […]

12 Aug

Three More Important Things…

Three More Important Things for People Interested in Gold But first a reminder.  The price of gold had a sharp correction in the middle of March with the COVID-19 lockdown, It proved to be a great buying opportunity, but it lasted only two weeks.  We think any pullbacks in the gold and silver prices should […]

06 Aug

Raising Targets

The biggest banks are raising their target prices for gold.  That is because we have already passed their old targets.   We are seeing headlines in the financial press that read, “Stunned by gold’s record rise? There’s more to come, analysts say,” and “Gold Barrels Past $2,000 With Stage Set to Rally Further.” Goldman Sachs […]

05 Aug

Bank of America Predicts $50 Silver

One of America’s leading banks now says silver could be headed to $50! It’s not the forecast itself that surprises us.  After all, silver has been at $50 twice, in 1980 and again in 2011. We don’t think silver at $50 is a stretch at all.  We think that it is a rather modest forecast.  […]

05 Aug

Amazing Gold! Astounding Silver!

Records Fall Like Dominos as Precious Metals Keep Marching Higher and Government Spends More, Prints More! Last week gold hit a new all-time high.  This week it roared right through the $2,000 an ounce psychological barrier.  Gold gained more than $50 per ounce on the COMEX market on Tuesday, racing to $2037 an ounce finish. […]

02 Aug


t’s all been predictable.  Gold hits all-time highs.  Silver surging. That’s why we’ve spent so much time predicting it. Perhaps you remember Federal Reserve chairman Jerome Powell’s appearance on CBS 60 Minutes back in May. Here’s a partial transcript: Reporter: “Fair to say you simply flooded the system with money?” Powell: “Yes. We did. That’s another […]

30 Jul
Gold Bars and Nuggets

Important News Nuggets From the Gold Bull Market

US Productivity Collapse The US has paid a steep price for the COVID-19 shutdown.  US productivity has fallen by a third.   The Bureau of Economic Analysis’ reports that, for the April-May-June quarter, US annualized quarter over quarter Gross National Product has fallen 32.9 percent.  That is worse than a Depression era collapse.  Does Washington […]

29 Jul
gold and silver portfolio

Gold Sets All-Time High, So What’s Next?

This week the price of gold set the all-time and seems ready to continue to break it’s own each day. Meanwhile, silver made one of its biggest moves in history. It has everyone talking. But the real question is what’s next? We think the answer is higher prices.   Much higher. Already major banks and […]

26 Jul

Civil Disorder

It is time to face up the widespread civil disorder on the streets of America’s cities and towns.   Nobody likes talking about civil unrest.  We don’t like to either.   But we are seeing a fair amount of it now and between Washington’s spending and the economic shutdown, it’s as close to a sure […]

24 Jul

The Financial Press Report Card

We love reading what the financial press says about the rip-roaring gold and silver bull market.   Sometimes they miss the mark, sometimes they stumble into the truth. Let’s look at two this week and give out some grades for their bull market coverage… FX Empire Here is some snippets from an FX Empire piece […]

22 Jul

Silver Awakens!

Leading Bank Forecasts 50% Move! Here at Republic Monetary Exchange, we have been unrelenting silver bulls.   At the end of last year we explained in detail how underpriced silver was:   “About 40 years ago, at the beginning of 1980, silver was $50 an ounce.   “In today’s dollars – because the Federal Reserve […]

17 Jul

Invest in Inflation

It was a line from the American humorist Will Rogers a long time ago: “Invest in inflation.  It’s the only thing that’s going up!” According to the Bureau of Labor Statistics, after several months of decline, the June Consumer Price Index took a big jump in June.  It climbed .06 percent.    Annualize that!   […]

16 Jul

Off the Grid

This week we noted with great interest the accounts of the rich and famous being hacked.  Joe Biden, Barack Obama, Kanye West, Bill Gates and Elon Musk all had their Twitter accounts hacked. It could have been the work of a state actor, like North Korea.  In that case, speculated one “senior American intelligence official,” […]

15 Jul

Gaining Perspective

Everything going on the country is a reason for more Washington money-printing and more Washington spending (at least according to Washington!) And that means higher gold and silver prices. Here are a few examples. Washington, Where $1 Trillion Is Never Enough “Speaker Nancy Pelosi on Thursday rejected the Trump administration’s calls to limit the next […]

12 Jul

Time to Stand Up!

Important! Before It’s Too Late! Today’s commentary is something different for us at Republic Monetary Exchange. Our beat is money and helping our clients profit and protect themselves with gold and silver. We don’t stray often. But today we must. Freedom is one whole. If our freedom can be taken away in one area, we […]

09 Jul

Three Things to Know in the Gold Bull Market

1. The World Is Starting to Notice Gold! “Gold prices ticked past $1,800 an ounce this week, and are now not far from the all-time highs reached in 2011, in the bleak aftermath of the financial crisis. New records could be ahead.” That is the lead from a story about gold in the Wall Street […]

08 Jul

Surprised by Gold’s Powerful Bull Market?

This chart will explain! We would like our friends and clients to spend a few minutes thinking about what this chart means.  We have chosen it because we think it explains today’s powerful gold bull market. Even more, we think it makes clear that gold is headed higher.   But for as dramatic as this […]

02 Jul

Time to Start Thinking About Stagflation

It’s one thing to live in a slow-growth or no-growth economy.  That’s bad enough. And it’s something else to live in an inflationary economy. But it looks like it’s time to start planning for the worst of both worlds:  STAGFLATION!  That’s a combination of the stagnation of weak or no growth along with rising prices. […]

01 Jul

The Halftime Report

Some may breathe a sigh of relief that 2020 is now half over.  It has been a challenging year on many fronts.  But it should be of some comfort for our clients and friends to know that, as forecast, gold is the big winner.   Here’s a brief 2020 halftime report along with charts of […]

30 Jun

Extraordinarily Uncertain

Federal Reserve chairman Jerome Powell has proclaimed the future “extraordinarily uncertain.” It is one of the few times that he has spoken that we find ourselves nodding in agreement. Here are some uncertainties that spring to mind:  Will people ever go back to movie theaters in the numbers they did before?  Or will they stay […]

26 Jun

No Wonder the Super-Rich Are Buying Gold!

Gold Has Outperformed Every Major Asset Over the Past 12 Months! It’s been said that the rich get richer and the poor get poorer. There is no question the Federal Reserve policies have been stove-piping money to the wealthy.  At the same time, the middle-class has stagnated.   But the rich are not just depending […]

24 Jun

Seeing is Believing!

We want to share a few charts today, first to illustrate this powerful gold bull market, and then to show some of the financial machinations going on behind the scenes that we believe will drive gold much higher.  By some interpretations, the gold bull market was confirmed, if not born, in August 2018 with the […]

19 Jun

Dollar Crash, Part III

The Fiddle-Dee-Dee Chronicles We have written a couple of important posts lately about a coming dollar crash.   In Dollar Breakdown Ahead! we cited former Yale economist Steven Roach, who says, ““U.S. living standards are about to be squeezed as never before.” We followed up on Roach’s observations in “More on the Coming Dollar Crash”.  […]

18 Jun

Amazed at the Stock Market Bubble

We have reported to you recently about the Wall Street “smart money” buying gold.  Names like Dalio, Druckenmiller, Tudor Jones, Zell, Gundlach, Singer, Klarman, Einhorn, Mobius, Hendry, Zell…  See All the Smart Money is Buying Gold, and More About the Smart Money. There are two more smart guys we want to mention.  We think it […]

17 Jun

More on the Coming Dollar Crash

The dollar will crash under the staggering weight of its debt! In fact, “The dollar is going to fall very, very sharply.”  That’s what Steven Roach says.  He’s very concerned. We wrote about Roach last week (Dollar Breakdown Ahead!), calling him “a pretty sensible guy.” That was when he told Bloomberg News that “US living […]

14 Jun


Nobody can watch everything all the time.  There are too many channels.  And the domestic news has reached the outer limits.  In fact, it is mesmerizing: demonstrations and looting, a new country with its own warlords that spring right up in the middle of a major American city, yesterday’s parade of authority figures proven wrong […]

10 Jun
Rising costs of food and goods

Grocery Prices Take Off

The authorities cannot print trillions of dollars, money unbacked by anything and conjured out of nothing, without impacting prices. And that is probably the best reason today to buy gold.  Because the Federal Reserve has been printing money like there is no tomorrow.   Last year at this time, in the middle of June, the […]

09 Jun

Dollar Breakdown Ahead

“U.S. living standards are about to be squeezed as never before.” Oh, great!  Exploding federal budget deficits are catching up with us.  The chickens are coming home to roost and a crash in the dollar is headed our way. That’s according to a piece on Bloomberg News the other day, A Crash in the Dollar […]

07 Jun

Preparing for the Seen and Unseen

Cities burning, a plague on the land, businesses failing, millions unemployed. That is what is visible. What is hidden from most people is the destruction of our monetary system by mad money printing and a mountain of unpayable debt that is close to collapse. That’s unseen.  For now. We have written many times about the […]

05 Jun

The World Keeps Turning to Gold

The policy responses to the COVID-19 virus continue driving investors and institutions around the world to protect themselves with gold.  Riots and looting will drive more people to gold. They are watching governmental failure.  They are seeing deficit-funded spending soar.  They are watching digital money printing at speeds unthinkable only last year. The latest numbers […]

03 Jun

Gold and the Money Supply

Wonder why gold is headed higher? Take a look at how much money the Federal Reserve is printing.  And how it pulls gold right along with it! This chart above tracks the growing money supply (in black), using a broad measure of liquidity called Money of Zero Maturity.  It consists of cash, and cash-like instruments […]

31 May

Silver Opportunities in the Bull Market

In a precious metals bull market like this, it usually takes silver a while to wake up!  Silver is waking up now. We like to alert you to great profit opportunities.  Gold goes first.  It leads the way.  But when silver starts moving, it really rips! Silver has started moving!  The gold/silver ratio, which reached […]

28 May
financial warfare

Financial Warfare

Don’t count on China helping fund much more of America’s growing mountain of debt.  Better to wonder how long it will continue holding all the US Treasury debt it currently has. That’s because things are escalating between the US and China.  It has gotten to the point of official name-calling. China holds $1.08 trillion of […]

27 May

It’s Not All That Complicated

It’s not all that complicated.   For example, if the government spends like crazy and comes up with the money by just printing it, you should be suspicious of the long-term prospects of that money. It’s not all that complicated. We’ve tried to do a good job making fiscal and monetary policies simple.  Another example:  […]

22 May

What Hit Us?

In this commentary we are sharing with you exactly the same message as on our radio messages this week.     Except this is a little better because now we can also show you what we are talking about.   It is especially important to see and understand this, because next year people everywhere are […]

20 May

Central Banks Still Buying Gold!

The world’s central banks continued their diversification into gold with new acquisitions in the first quarter of 2020 (January – March).  The World Gold Council reports net new central bank gold purchases of 145 metric tons in the period. We feature news about central bank gold buying because we believe it represents one of the […]

19 May
Jerome Powell

The Fed ‘Fesses Up

The Fed is doing what it did in reaction to the Panic of 2008.  The very measures that ran gold to stratospheric new highs in a few short years. Only they’re doing much more of it. But don’t just take it from us.   Now you have it directly from Lawrence Powell, the chairman of […]

17 May

If it’s Paper, It’s Not Gold!

We wonder how much longer Bernie Madoff’s stunning stock swindle could have continued but for the financial environment suddenly shifting. It all fell apart for Madoff with the Wall Street shakeout that included the failure of Bear Stearns and Lehmann Brothers in the fall of 2008.  Investors everywhere were in trouble and began selling their […]