Gold price up as Fed begins historic ETF purchase program
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News Date: May 13, 2020
The US central bank (FED) began purchasing ETFs holding corporate bonds for the first time ever Tuesday as part of its pandemic rescue package.
Such injections into the economy have generally lifted investor demand for safe-haven assets like the precious metal as fears of inflation and currency debasement grow.
Source:mining.com
Central bankers are losing the war on gold
The central bankers, Wall Street - the usual suspects - they are losing this war on gold as they have done in the 1960s, Middelkoop told the Keiser Report.The year the author was referring to is when the London Gold Pool existed. The group was comprised of several central banks, which dumped their gold reserves to keep bullion price at $35 per troy ounce. Middelkoop says that now we can see the second London Gold Pool is failing.
National coin shortage getting worse
The nation's coin shortage, prompted by less cash circulating as a result of Covid-19 - is getting worse.And believe it or not, cash is still being used in 49% of payments that are $10 or below, according to a recent study by the Federal Reserve Bank of San Francisco.
The irony of the situation lies in the fact that the Fed can print trillions for bonds, but can't come up with a couple of quarters to do its laundry.
Sources:www.bloomberg.com, zerohedge.com
Judy Shelton is Right About the Gold Standard
Economist Peter Schiff expected that gold will resume its role in the global monetary system, that is, the countries of the world will return to the gold standard, and this is not strange in light of the economic crisis the world is witnessing.It is simply false to claim that the gold standard was a source of perpetual economic chaos, and that we are better off today without it. All things considered, the gold standard is "superior in some respects and no worse in others." Rather than a "barbarous relic," as John Maynard Keynes famously called it, the gold standard is an instrument for economic harmony and civilized commercial relations.
Source:www.saudi24news.com, www.aier.org
Trump: A total reset negotiated in Geneva
May 10, 2025: President Donald Trump announced that the United States and China have agreed on a "total reset" during recent high-level talks in Geneva: "A very good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner. We want to see, for the good of both China and the U.S., an opening up of China to American business. GREAT PROGRESS MADE!!!"May 8, 2025: Trump hails US-UK trade deal as "FIRST announcement," keeping 10% US tariff intact. Meanwhile, Putin announces that most Russia-China trade now settles in national currencies, sidestepping Western systems. Perfect timing for shifting global trade dynamics!
May 6, 2025: 🔥 President Trump hints at a major announcement during his meeting with Canada’s Prime Minister.
“We’re going to have a very, very big announcement to make. Like, as big as it gets, and I won’t tell you on what. And it’s very positive.” 😏📢✨
🍿 The reveal is expected before his trip to the Middle East on Thursday, Friday, or Monday.
This story is still unfolding. 🔄 Check back here for the latest updates. 📰👀
Fed policies will be rocket fuel for gold and silver
Fed policies that are coming soon on inflation, and interest rate suppression will be rocket fuel for gold and silver. And gold and silver are just getting started. If Bitcoin is $10,000 per unit, why cannot gold be $5,000, $10,000 or $15,000 per ounce? With the amount of dollars out there, it could easily be $5,000 or $8,000 per ounce, and that is where it is headed. The bond market will eventually collapse, but the biggest collapse coming is the faith in all fiat currencies.Sources:usawatchdog.com