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 way to think about it. We did.”

Reporter: “Where does it come from? Do you just print it?”

Powell: “We print it digitally. So as a central bank, we have the ability to create money digitally. And we do that by buying Treasury Bills or bonds for other government guaranteed securities. And that actually increases the money supply. We also print actual currency and we distribute that through the Federal Reserve banks.”

Powell: “In terms of size, Mr. Chairman, how does what the Fed is doing right now compare to the unprecedented action it took in 2008?”

Fed Chairman: “So the things we’re doing now are substantially larger. The asset purchases that we’re doing are a multiple of the programs that were done during the last crisis. . .”

After watching the Powell interview, we wrote, “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.”  (See The Fed ‘Fesses Up, 5/19/2020)

So we really don’t take a lot of credit for predicting things like new all-time high gold prices.  That’s because the monetary authorities have told us exactly what they are going to do.  

And then they’ve done it.  A lot of it.

It’s not hard to draw a line between massive money-printing and higher gold and silver prices.  If we get credit for anything, it is for drawing that line for our friends and clients.  Over and over.

If you’ve been reading our commentaries or listening to us on the radio, you know that Washington spending and money printing are unhinged!  

They can’t get it under control.  It’s beyond the point of no return.  

Bottom line:  Higher gold and silver prices ahead.  It’s still predictable.

So here is what we wrote in May:  

“First, buckle up.  The Fed money-printing machine is going to shake this country to its foundations.

“And two, contact your Republic Monetary Exchange gold and silver professional today.”

All we would add to that is don’t wait!