With the global economy now experiencing energy shortages throughout the world, it has caused demand for precious metals bullion to surge recently. Sales of the U.S. Mint Gold Eagles in the first few days of October have nearly surpassed the total for September. Total Gold Eagle sales this year will likely reach 1 million oz in the next week. The last time the U.S. Mint sold 1 million oz of Gold Eagles was in 2011.
CHECK OUT: I just recorded a Youtube Video on this subject, click on the link or at the bottom of the article: Energy Crisis Causes Surge In Gold Eagle Demand.
What a difference in the past month… Gold Eagle sales for October 5th are already 68,000 oz compared to only 20,000 oz for September 8th. While the U.S. Mint sold 20,000 oz of Gold Eagles in the first eight days of September, it already sold 68,000 oz in the first five days of October.
So, what took a full month of Gold Eagle sales in September to reach 75,000 oz, has already hit 68,000 oz in less than a week in October.
It seems as if investors are now extremely concerned about these “Global Energy Shortages” and how they will impact the economy and asset values. As I have been talking about for many years, most STOCKS, BONDS & REAL ESTATE are not real stores of value, but rather, are ENERGY IOUs. This is why we are seeing investors sell the British Bond, the Gilt, today. And, this is just the beginning. Global Bonds now valued at over $123 trillion, suggests that investors are most certainly… ON THE WRONG SIDE OF THE TRADE.
Indeed. Another factor not taken into consideration is that Bonds are basically ENERGY IOUs… right?
Burning energy in the future gives STOCKS & BONDS value. However, that falls apart during the #ENERGYCLIFF
Got physical #Gold & #Silver… which are STORES OF ENERGY VALUE. https://t.co/sTTMpCaxKl pic.twitter.com/YWdFYL1WZJ
— SRSrocco Report (@SRSroccoReport) October 5, 2021
As the world heads closer to and over the ENERGY CLIFF, there will be a great deal more price volatility and investor fear. This is when it is important to be Holding Physical Gold & Silver. What is happening with the weak Silver & Gold Prices currently were the same for “Investor Sentiment” of energy prices during the Pandemic Shutdowns last year. You couldn’t GIVE ENERGY AWAY for a reasonable price. Now, the world has WOKE up to Energy Shortages, and prices are going insane.
I see the same situation taking place with the precious metals as more investors WAKE UP… that “ALL IS NOT RIGHT.” The Fed & central banks will become less able to deal with the massive Bond & Debt Bubble, and then it will all come crashing down. That is why it is very important to own physical precious metals.
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“This is why we are seeing investors sell the British Bond, the Gilt, today.”
Evergrande in China.
Countless other frailties or failures in the economy.
When do the stock markets undergo a healthy correction?
Everyone is wondering that. But what’s to make the market correct if the Fed keeps throwing trillions of liquidity into it? Maybe the market will stay sky high even when a loaf of bread costs $666.
DisappearingCulture,
The Future only knows. However, I wouldn’t be surprised if it was in the next two quarters.
steve
Steve. I’m happy to be a gold member of your site and convinced, that my monthly contribution is well worth the research you put into your postings.
I am also aware, that “free member round ups” are for marketing purposes also.
At the same time you give every non-member, who wants to listen to it the gist of what you have been finding out in your original postings. I appreciate this very much!!! Thanks.
Andreas,
I really appreciate the positive comment. Yes, I try to provide the high-quality content to the Gold & Silver Members and then we try to get new members by providing some information to the public. I believe we will see a larger percentage of the public becoming aware of these very important ENERGY ISSUES in the future.
steve
I appreciate the free public postings also. Maybe, just maybe a few will be better prepared for the coming future events, which won’t be “business as usual”. You can’t “save the world”, but you can reach a few.
As has been discussed, most people have never thought about energy…unless they grew up in a place with intermittent
electricity.
And they keep building mansions near me [single family zoned] with as many as 5 or 6 HVAC systems [natural gas for the furnace].
DisappearingCulture,
Yes, it’s difficult to provide some decent quality FREE MEMBER content while trying to keep the best for Gold & Silver Subscribers. But, I do believe more people will begin to realize just how import the ENERGY DYNAMICS will be in the next 5-10+ years.
steve
Perhaps in the future some of your free content can be 6+ month old subscriber content.
Indian Central Bank Accumulating Large Quantities Of Gold Almost Under The Radar
https://www.zerohedge.com/markets/indian-central-bank-accumulating-large-quantities-gold-almost-under-radar