$3,000 gold is this cycle’s peak, and it’s coming, here’s why – David Garofalo
Gold peaked in 1981 when it reached $850 an ounce in nominal terms, but adjusted for inflation, that would equal $3,000 in real terms today. $3,000 is this cycle’s coming peak, David Garofalo, CEO of Gold Royalty Corp. told David…
What an Evergrande collapse means for gold, global growth – Steve Hanke
Steve Hanke, professor of applied economics at Johns Hopkins University, discusses with David Lin, anchor for Kitco News, the impact that Evergrande’s current struggle has on the global commodities complex. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV) Follow Steve Hanke…
$10k gold, credit collapse, dollar devaluation: This is the ‘course of the empire’ – Dan Oliver
The natural course of the U.S. “empire” is that of currency devaluation and an eventual credit collapse, said Dan Oliver, founder of Myrmikan Capital. “What backs the dollar? The Fed’s assets do, and if you look at the Fed’s assets,…
Fed will never taper because consequences will be ‘catastrophic’ – E.B. Tucker
When will the Fed taper? Never, says E.B. Tucker, director of Metalla Royalty and author of “Why Gold, Why Now?” “Now the debate is why will they stop [quantitative easing]? They’ll never stop. It’s never going to stop,” Tucker told…
Stagflation to last next 6 months, markets in danger of sell-off – Tavi Costa
Several structural problems in the U.S. could cause a slowdown in economic growth soon, with stagflation hitting and lasting for the next six months, said Tavi Costa, portfolio manager of Crescat Capital. “I am in the of sort of a…
Is gold dead? Bitcoin price to hit levels we ‘cannot imagine’- Ronald-Peter Stoeferle
Global financial markets have reached a “monetary tipping point”, according to Ronald-Peter Stoeferle, managing partner of Incrementum AG. After this tipping point, inflation will continue to climb up, real interest rates will remain in negative or near-zero percent territory, and…
‘Socialist’ economy is not adding as many jobs as expected, watch out says Todd Horwitz
Stimulus checks are keeping the economy from adding new jobs, and there’s no end in sight, said Todd “Bubba” Horwitz of BubbaTrading.com. 0:00 – Labor market 10:00 – Gold 11:48 – Stock markets Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)…
Fed’s Powell talks dangers of a wrong monetary policy move
Federal Reserve Chair Jerome Powell sounded more cautious than other Fed officials when talking about tapering at Jackson Hole Symposium, stating that the central bank could start reducing its $120 billion in monthly bond purchases this year. “For now, I…
Gold price drops below $1,800 again; What can break the ceiling? Phil Streible
Gold has fallen below $1,800 an ounce, extending a multi-month decline from June highs. This comes as the price rebounded from August lows of $1,720 an ounce to breach $1,800 earlier this week. Phil Streible, chief market strategist of Blue…
Is the housing market in a bubble? How can gold reach $20k? Briton Hill answers (Pt. 2/2)
Watch part 1 of the interview: https://youtu.be/ky6FIoD14Z8 Briton Hill, president of Weber Global Management, discusses with David Lin, anchor for Kitco News, the state of the housing market in the U.S., as well as drivers for gold to breach new…
