Alasdair MacLeod predicts the correction in the precious metals is OVER.
He sees gold testing its all-time highs in 2017, and silver breaking through into the $30 range.
Where will gold prices ultimately go?
MacLeod Makes The Case for $11,000 Gold:
The US election is now only about two weeks away.
The winner of this election is likely to be… gold.
Dave Kranzler from Investment Research Dynamics joins Silver Doctors to discuss the presidential election, precious metals, and the stock market.
He sees a MAJOR sell-off ahead:
The world is undergoing a major economic transition from deflation to inflation. Sadly, very few retail investors are correctly positioned to benefit from this exciting change.
The early 2016 rally in gold stocks was the canary that sang loudly in the “inflation is coming” coal mine.
What’s coming in 2017 is not a “bull market”. It’s the start of a wondrous bull era!
In the absence of a gold standard, there is no way to prevent the confiscation of savings through inflation.
The masses, it seems, have been waking up for a while. Not only have we had state sanctioned inflationism ever since the credit crunch, but the developed world’s central banks have done their best to destroy faith in money altogether. It turns out that hyperinflation itself wasn’t a necessary precondition for a crack-up boom – taking interest rates into negative territory was quite sufficient to trigger a rush into real assets.
Everybody loves the early stages of inflation…
Calculating the REAL inflation rate…
Does Gold Care About Inflation?
Sprott’s Thoughts Digs In, & the Result Might Not Be What You Expected…
It’s not a question of either/or. It’s not a debate over inflation VS. deflation.
It’s only a matter of WHEN we’ll end up with BOTH.
“What we see at present is a battle between the central banks and the collapse of the financial system fought on two fronts. On one front, the central banks preside over the creation of additional liquidity for the financial system in order to hold back the tide of debt defaults that would otherwise occur.”
The dollar is revealed to be a paper thin instrument of warfare, a twisted illusion, a weapon in a covert economic war that threatens our very livelihood.
Where are consumer prices headed and how this might affect precious metals?
This looks like the beginning of a severe deflationary cycle.
It is going to get worse before it gets better.
The central banks will try to correct this deflationary spiral with further reduce interest rate reductions, massive new doses of QE, moving even deeper into negative territory, a strategy that has proven to be a complete failure.
This does not bode well for any asset class.
Excess cash will not be loaned out, thus cramming more capital into the bank balance sheets, doing nothing for the global economies except stockpiling fuel for a burst of hyperinflation.
The dollar is always losing value. To measure the decline, people turn to the Consumer Price Index (CPI), or various alternative measures such as Shadow Stats or Billion Prices Project.
They measure a basket of goods, and we can see how it changes every year.
However, companies are constantly cutting costs.
If we see nominal—i.e. dollar—prices rising, it’s despite this relentless increase in efficiency.
CPI only measures the tip of the iceberg. The result is the greatest sleight of hand ever.
The stunning graphic below illustrates the disparity:
I guess if you don’t eat anything with ground beef in it, you might think there’s no inflation:
At what stage will we see massive rise in CPI – even in real terms versus whether instead we will experience a currency collapse caused by widespread derivatives?
To the Austrians inflation is an increase in the quantity of money and credit. Inflation is not defined as rising prices; this is the long-run result of inflation in the quantity of money and bank credit.
Common jargon confuses the effect for the cause.
It seems our modern Central bankers believe something quite different entirely…
Thanks to the Federal Reserve, the middle class is slowly being suffocated by rising food prices.
Perhaps you have also noticed that food prices have gotten pretty crazy lately. In particular, meat prices have become absolutely obscene. For example, the average price of ground beef has risen to a new record high of over $4.09 a pound. Over the past twelve months, that works out to a whopping 17 percent increase…
Putin kicked out the Rothschild bankers from his country. Putin interrupted the USGovt heroin trade supply routes out of Afghanistan. Like Abraham Lincoln 150 years ago, the elite banker chambers wish to remove Putin and to suppress Russia, but the sprawling nation has joined at the hip with China. Thus Russia cannot be isolated any more than a bear can be bear hugged. The nation spans 12 time zones and is a top supplier of numerous important commodities. The Russia & China bond is growing and will result in a marriage, the consummation being a baby called the Gold Trade Standard.
The King Dollar is being displaced, kicked off its throne. Its squire the Petro-Dollar is undergoing demise. The Ukraine War is the USDollar Waterloo event.
The Saudi rejection of the USD in exclusive oil payments will be the crash heard around the world.
The marriage between the Saudis and Chinese is a process well along, with each month featuring yet another high level conference. The Saudis will make the announcement in the coming weeks or months, as a genuflection before the Chinese, with a hat tip to the Russians. Soon the crude oil price will be set by the Russia-China tag team, priced in Yuan. When the Gold Trade Standard is entrenched, the diversification away from USTreasurys in the global banking system will become a torrent. Bank system practices will follow trade payment practices. When installed, it will cause prosperity in the East and havoc in the West.
The Crash Heard Round the World is coming. The USDollar will be rejected, and replaced by the Gold Trade Standard.