– Peak gold – Biggest gold story not being reported – Gold ‘Mining Zombie Apocalypse’ caused miners to slash exploration budgets – Decline in gold production at world’s top 10 gold mining companies – Byron King – “No new big mines being built in the world today” – Glencore CEO Glasenberg – Primary global gold output declined in 2016 – Thomson Reuters via Mining.com – 2016 was first year of fall in mine production since 2008 – Rising safe haven demand from ‘Trumpflation’ and geopolitical tensions and falling mine supply should lead to “much higher gold prices”
– What happens when the unstoppable force of robust global demand for gold meets the immovable object of a small, finite, rare and dwinding supply of physical gold?
South Africa Gold Production
We have written about ‘peak gold’ and the ramifications of the underappreciated peak gold phenomenon for the gold market since 2008. The risk of falling gold production and a consequent reduction in supply are slowly percolating into the mainstream and analysts are asking whether 2015 or 2016 marked the year of peak gold production.
Byron King has written about this increasingly important supply factor in the gold market and brings together the views and research of Glencore CEO, Ivan Glasenberg, Thomson Reuters GFMS and others.
The collapse in South African gold production (see chart above) is the ‘classic canary in the coal mine’ and likely foreshadows the coming decline in global gold production.
South Africa produced over 1,000 tonnes of gold in 1970 but production has…..
One thing we should have learned over the past year or so is you can take any narrative being pushed by the corporate media and Democrats, and assume that the exact opposite is true. The current Trump-Russia hysteria could very well turn out to be the latest and most embarrassing example of this phenomenon. In fact, well known Putin-critic, Masha Gessen, recently warned in an interview with Politico that her biggest fear is a Trump-Putin conflict, not some imagined alliance…
We discuss the allegedly ‘hard choices’ in resolving America’s problem providing health care. In the second half, Max talks to trends forecaster, Gerald Celente of TrendsResearch.com, about the Fed’s interest rate hike and whether or not Trump’s threatened trade wars will lead to hot wars.
– Silver just 1/70th the price of gold
– Silver at $17.50 per ounce set to rise “faster than gold” – Silver Eagles (1 oz) buying jumps to 715,000 this week – “Supply may drop following mine closures” – Standard Chartered
– Industrial demand “will remain strong” – CPM Group
– Silver is substantially undervalued versus gold
– Gold silver ratio to fall back below 30
Silver looks set to outperform gold again in the coming months due to falling mine supply and continuing robust global demand.
Silver at just $17.50 per ounce remains about 1/ 70th of the price of gold at $1,230/oz today. This gold silver ratio of 70.3 continues to drive silver ‘stackers,’ value investors and those seeking a better return than gold to accumulate silver at what are seen at these still relatively cheap levels.
This is seen in continuing robust demand for the very popular silver bullion coin this week. The U.S. Mint sold 715,000 of Silver Eagles ( 1 oz) this week, to bring the year to date sales totals for 2017 to a robust – 7,557,500 Silver Eagle coins.
We have seen very robust demand for silver again this year, especially from clients in the UK and Ireland buying silver bullion coins (now VAT free) such as Silver Eagles. We are seeing even greater demand for Silver Maples and Silver Philharmonics.
The increasingly favorable supply and demand fundamentals of the silver market were reported on by Bloomberg in an article entitled ‘Silver Seen Climbing Faster Than Gold as Yellen Wakens Bulls’.
Getting out of debt is hard on its own because a large part of what’s supposed to be disposable income goes down the drain. We are used to paying money in exchange for goods or services but you won’t get any ‘tangible’ stuff in return when you send out checks to your creditors. Paying off debt while struggling with low-income finances is much harder because your income is probably not yet enough to make ends meet.
Many families in the U.S. fall under the low-income category and they don’t even know. You can be an professional with a college degree and still be a low-income earner despite your seemingly ‘elevated’ social class. In 2014, the US Census report classified a low income household as – any 3 -family earning less than $38,110, any 4-person family earning less than $48,016, or any 5-person family earning less than $56,504.
Hence, one of the salient factors that might make it hard for people to get out of debt despite their best efforts is that they are simply not earning enough money to get out of debt easily. Nonetheless, you can get out of debt (it might take longer) even on a low income if you follow the right strategies. This piece provides information for getting out of debt faster regardless of your income level.
We’re inundated with spammy sensationalist click-bait. You know what I mean–the little boxes containing eye-candy photos and headlines such as “you won’t believe how badly these stars have aged,” “7 tricks to losing weight during Thanksgiving,” “These children of celebs are so good looking your jaw will drop,” “9 surprising signs of dementia” and outre classics such as “Hitler’s shocking final words.”
The “news” is “shocking,” “secrets are revealed,” and “surprising facts” are promised. Authorities are always cited as unimpeachable sources, and the headlines are quasi-plausible. (Why wouldn’t good-looking celebs have good-looking offspring?)
But the “authorities,” “facts” and “secrets” are all dubious. The spammy click-bait is self-serving to those promoting the sensationalist content, and to the media sites that promote the spammy content.
– The cost of buying and selling gold
– How to buy gold on the cheap
– How to avoid paying capital gains tax (CGT) on your gold
– Open an account with one of the online bullion dealers – the likes of GoldMoney, GoldCore or Bullion Vault
– Gold Sovereigns and Gold Britannias make for a considerable saving on cost because of the CGT exemption
Gold Britannias and Sovereigns are free of Capital Gains Tax (CGT)
Dominic Frisby has looked at the best ways to invest in gold in the UK’s best selling financial publication Money Week.
Frisby looks at the various ways to invest in and own gold and points how gold ETFs are not much cheaper than online gold bullion dealers such as GoldMoney, GoldCore or Bullion Vault and yet there is the difficulty of taking delivery which is “cumbersome.”
The other important consideration when investing in gold is to consider the tax implications and the capital gains tax (CGT).
We discuss the economic populism that voters in Michigan want to hear but that Democrats refuse to say and what happens when private equity runs out of things to buy. In the second half, Max talks to Mish Shedlock of MishTalk.com about the Fed’s interest rate hike.
Gold & Silver Analyst Harvey Organ Joins the Show This Week For A FASCINATING Conversation:
These TWO Things Are Coming Together For Gold
Harvey Explains THIS Is When the Fun Begins
Dubin On the Coming Debt Ceiling Battle: It’s Gonna Blow People’s Minds
Harvey Provides An Update on the ABX & PHYSICAL Gold Demand in London: Is the System FINALLY Near A Tipping Point?
Will Gold, or SILVER Be the Catalyst That Takes Down the Banksters’ Paper Game?
Physical Silver Update:
Sales of US Mint Silver Coinsremained subdued this week at 220,000 Silver Eagles, bringing year to date Silver Eagle sales to just 6,842,500 coins 2.5 months into the year. (In 2016 the Mint sold nearly 6 million coins in January alone).
Premiums on 90% silver bags stabilized this week after jumping last week, as the .50 jump in silver spot prices freed up additional silver bag inventory.