Is the International Monetary Fund suggesting that “Gold is no longer a barbarous relic? ” Many central bankers are considering this excellent question. Unfortunately, the IMF Gold Report totally excludes the most important factor why central bank gold reserves will surge in the future…
Well… there have been some interesting things happening in the Silver Market that I thought I’d share in this update. You have to see how much silver India imported last month… WOW!! I also answer some of the excellent questions from the GoldMoney post…
Interestingly, the top four gold miners’ costs declined slightly in Q3 2023 but are still much higher than the reported AISC – All-In Sustaining Costs. Unfortunately, investors continue to be misled by the gold mining industry because the AISC artificially lowers the actual cost of production…
Some strange things are happening in the precious metals industry. I was quite surprised to see GoldMoney announce its second commercial property purchase when the world is supposedly heading toward economic uncertainty and financial turmoil…
Dale Pinkert from TradeGate Hub interviewed me about Energy, Precious Metals, Miners, and other overall economy. Dale was interested in sharing with his followers why I thought oil was more of a factor for the economy than the Fed and U.S. Treasury printing money…
Something just doesn’t make sense in the oil market when falling global oil inventories and escalating tensions in the Middle East suggest rising, not tumbling, prices… LOL. Furthermore, global oil demand is actually stronger than last year… SO WHAT GIVES??