Metals & Markets: Jim explains how China has accumulated more than 120,000 tons of gold, why the US has zero, and what it means for the future…
Editor’s Note: Link to Part II of this Silver Doctors’ interview.
Silver and gold prices were beaten down for most the week with the sharpest selloffs occurring yesterday around 8:30 AM morning eastern time.
The Gold Silver Ratio is now nearing a more than 25 year high level above 85.
The palladium spot price saw a massive selloff dropping nearly $200 US dollars per troy ounce this week. Palladium appears to be closing around $1,388 fiat Federal Reserve notes per ounce. Not much has changed fundamentally for dwindled tight palladium supply levels, so it will be interesting to see how long it takes for palladium to retrace the spot price losses we witnessed this week.
Finally, the over the counter platinum price again remains floundering around the $850 oz USD range, close to where it ended last week. We are still hovering around the cheapest platinum vs gold price in over 110 years of time.
Moving on to this week’s guest to the show. It has been almost a full year since we last spoke with Jim Willie, author of the Hat Trick Letter and purveyor of Golden-Jackass.com.
Silver Doctor’s own Paul “Half Dollar” Eberhart spoke with Jim at length today. We will break this discussion up into two parts. Part one is below.
Thanks for visiting us here at SD Bullion.
About the Author
James Anderson has a BA in finance from Loyola University New Orleans. He has both worked and invested in the physical investment grade bullion markets prior to the 2008 global financial crisis.
About the Interviewer
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.