On China’s expanding gold infrastructure, whether the United States may be closer to reintroducing gold into its monetary thinking, and why gold could provide protection during deflation as well as inflation.
The big picture of global government is a picture of debt, extortion, and fiat-oriented bravado. The long-term meltdown of fiat against gold is undeniable, and the next big leg down could involve oil.
When you factor in real rates, it’s easy to see higher yields aren’t necessarily bearish for gold and silver. It may feel like you’re earning a good yield, but your gains are eaten up by inflation.
Gold demand is driven by the "fear trade" (buying fueled by inflation, wars, monetary expansion, and financial instability) and the "love trade." The more durable driver comes from the love trade.
A de-dollarization of the world economy would cause a dollar glut. The value of the U.S. currency would further depreciate. At the extreme, global de-dollarization could spark a currency crisis.
The captain is looking for a significant dip in rates in the medium term, which could be the catalyst for the next big gold market rally! Wave i is still underway, as shown on our Daily Chart.
Ira highlights a significant update in the stock market, with the Dow reaching new highs, and notes that silver is gaining momentum against gold.
