In Tom Cloud’s newest precious metals update, he discusses how the ongoing global contagion and supply chain disruptions won’t be something that will be resolved quickly. I agree. I believe this is by the far the most miss-diagnosed problem that the market, investors, and individuals fail to realize.
Once the reality of the supply chain disruptions become more in front of the public and investors face, then we are going to see huge losses in the global stock markets. Tom also states that bonds won’t be a good safe haven during this time. I would also agree with him.
I don’t believe enough people are taking this contagion seriously. If you haven’t already done so, it’s a good idea to go out and get some extra food and supplies just in case there are issues with the supply chain.
IMPORTANT NOTE: There is a reason I sponsor Tom Cloud on my site because I believe he is one of the most honest and upfront precious metals dealers in the industry. Not only does Tom offer some of the best rates to purchase gold and silver, but also whenever someone sells metals back to him, HE DOES NOT CHARGE A COMMISSION. The overwhelming majority of precious metals dealers charge a commission to buy back gold and silver.
I challenge you to check for yourself.
Also, if you need to store metal at a secure facility, Tom offers some of the lowest storage rates in the industry. TOM DOES NOT MAKE MONEY OFF HIS CLIENTS PRECIOUS METALS STORAGE. The overwhelming majority of precious metals dealers add an additional percentage to store their clients gold and silver
I challenge you to check for yourself.
Tom Cloud has been in the precious metals business for 46 years, since 1973. He has a lot of experience in the precious metals industry and understands the gold and silver market better than most dealers in the industry.
If you are new to the precious metals market and had questions, Tom Cloud would be happy to answer any questions.
DISCLAIMER: While Tom offers information about precious metals, you should not take this as investment advice. You should contact a professional advisor and or do your due diligence before making investment decisions.
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REAL TIME COVID-19 data . . https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6
The reason the reset will happen sooner is debt saturation. The inevitable cycle of fiat money ends in debt saturation. The signal of DS is the inability to raise rates without crashing stock and bond markets. We are there. Negative rates are not a fix because repayment of principle is the onus not the rate of interest. Savings instrument failures will force the reset. A black swan is unnecessary. However, the corona is hot with a fury that will disrupt the world. It calls to mind the Decamaron Tales. https://en.wikipedia.org/wiki/Summary_of_Decameron_tales
I think the reason a monetary reset will happen sooner rather than later is what the brilliant George Carlin once said. “The owners of this world, OWN YOU”.
The owners of this world who pull the strings like the B.I.S. and the IMF have pretty much sucked the life out of this monetary corpse. Just look at the bigger picture. The global eCONomy is in the toilet not so much because of the Coronavirus but because of the HUGE/MEGA wealth gap. Back in the 60’s and 70’s my dad was the sole bread winner and my mom stayed at home.
Back in the 70’s I attended a Vocational Technical High School. I learned a free trade of my choice. Now kids are hoodwinked into going to College for worthless diplomas and non-existent jobs. At the end of their schooling most of them will carry 5 or 6 figure debts which will turn them into debt slaves. So they will probably have to work low wage jobs to payback all that money and be forced to possibly live with their parents. That means no new cars, no home purchase and they possibly won’t start a family.
There is your modern global eCONomy and one of the reasons why GDP growth is almost non-existent and why most will finance their brand new shiny iPhone because they don’t have the money. Nor do they probably have $500 to pay for an emergency repair.
The Banksters see what they have created which is why they have been buying shelters in underground Silos and fallout properties in New Zealand when the SHTF. I see them putting their boots on the necks of the population by switching to a CASHLESS society. Because the idiots have already been conditioned with Apple, Google, Samsung, Walmart PAY etc.
When we go to a cashless society it’s game over because they will truly own everyone, 100%. If you don’t spend enough they can take your money away. If you protest or cause too much trouble, THEY CAN SHUT YOU DOWN AND CUT YOU OFF.
All of the above is correct, if you choose to ignore the energy ramifications Steve has been writing about for years. On the other hand, if you understand the energy part of the argument all of the elite/zionist/alien/alt-media BS falls apart in a second. The choice is yours.
And i’ll wager that we’ll have a cashless society and a monetary reset long before we arrive at Steve’s energy cliff. I don’t discount what Steve says regarding our energy predicaments but a monetary reset and a cashless society will happen first because the Banksters need it to keep the Plebs in check.
As George Carlin once said, The Owners, OWN YOU, they got you by the balls. They control everything”
There are ways out of this Rodster but it is all or nothing.
Not everyone will make it.
I’m not living on my knees for the moneychangers.
PMs peddlers are in a panic mode. People are cancelling subscriptions due to incurred losses. The current rally will be short-lived as major stock indices are only correcting before the final rally which will take place between 2020-2021. Gold miners initially fall together with stock indexes before rallying.
I wrote it years ago, and with the money and the certificates, they can always lower the price.
There are simply too few physical purchases, not in Germany but worldwide in general.
Too few physical purchases? Not in the case of gold. Central banks are on a waiting list to buy [accumulate] physical gold. Their desired purchases/accumulations would crash the LBMA if they just exchanged all the fiat they want to for physical right now.
I have a pocket full of cash and will be buying PMs on the pullback. I feel very fortunate.
stories, always stories to build self-confidence. Silver metal has done nothing for 7 years.
16 dollars today …
It is not your wishes that sets the price of an asset but the MARKET.
Actually it isn’t “the MARKET”, but markets. One physical; then there are traders, paper/contracts, ETF’s, etc.
I can see beyond the tip of my nose. I realize that gold and silver were money for thousands of years and I believe today’s fraud based system will crash into history like all the ones before it. Better be careful..slavery has been with us for thousands of years and only went out of style with the rise of mechanized industry. If oil fails us…then I suspect that slavery will find its way back into society as well.
I’m wondering if it’s going to tank like in 08 to under $10 bucks? But hell, you couldn’t get it. It’s cheap enough now, but throw out a bottom brother. I’m thinking maybe sub $15? Problem is premiums will be much higher. I honestly think with the current premium, it will never be any cheaper. Care to comment?
Gold / Silver Ratio all time high !
It’s always the same game.
The USA create a reason to let the air out of the markets. Everything is sold. Even gold. Just everything. Let some people know beforehand. Those with the deep pockets buy back cheaply. Even at mining stocks a big sell. The small investor has been ripped off. I wouldn’t be surprised if the virus had been specially designed and loudly spread by the USA for the above scenario.
Greetings your conspiracy theorist
I think it would be fair to say that nearly everyone here is a bit of a conspiracy theorist.
Don’t feel your alone.
UPDATE OF FEBRUARY 27, 2020:
It seems that the human bollocks
is now the greatest threat.
Here is a comparison flu/corona virus.
This year’s flu epidemic has passed its peak. This is the conclusion reached by experts from the Robert Koch Institute (RKI), Germany’s national epidemic protection agency. According to the weekly report of the RKI’s influenza working group, 17,898 people were infected with influenza viruses in the laboratory between 15 and 21 February. That was about 2,000 fewer new infections than the week before. A total of 98,442 people have thus been infected with the flu since autumn.
However, the reported cases are probably only a fraction of the actual cases. The authors of the weekly report estimate that a total of 2.1 million people have been infected with influenza this year.
According to the report, 161 people died as a result of influenza this year, most of them elderly – 85 percent of those who died were aged 60 or over.
For Central Germany there are not yet very recent figures available. The case numbers shown on the interactive map are from the 6th reporting week, i.e. from the period from the first to the seventh of February. The main focus of influenza at this time was Saxony.
Translated with http://www.DeepL.com/Translator (free version)