I’m NEVER trying to get even with people who’ve done me wrong. I’m FOREVER trying to get even with people who’ve done me RIGHT. Wisdom is knowing where to place your energy.
Gold traded off after the May jobs print on June 5th, as markets freaked out over a potential Fed rate hike.
But the bigger supply-demand story did not change.
The ECB just confirmed gold overtook U.S. Treasuries as the world's #1 reserve asset. 27% of global official reserves, vs. 22% for Treasuries. First time since 1971. And, central banks kept buying through pullbacks.
🥇 ECB: Gold Is Now the #1 Reserve Asset - What Happens Next https://t.co/PRxqQAgcRM
It's official.
Game 3 of the NBA Finals between the New York Knicks and San Antonio Spurs is now the most expensive NBA game in history.
The cheapest ticket available? $10,622 per seat.
This game will shatter every previous record by a mile.
Rick Rule joins Darrell to break down gold, U.S. debt, rising bond yields, and where he sees real opportunity in the resource sector. He explains why he would rather see gold pull back than run higher and how the current gold market is setting up a wave of mergers and acquisitions.
@RealRickRule@MoneyLevelsShow
Peter Grandich joins Darrell to explain why he believes today’s market setup is more dangerous than the crashes of 1987, 2000, and 2008. He breaks down why he has taken his largest short position in years, the risks he sees in the markets and why he remains positive on gold, silver, copper, and uranium.
@PeterGrandich@MoneyLevelsShow
There is nothing more technically bullish than a 40-year resistance level turning into major support.
That is exactly where gold miners sit today.
Act accordingly.
https://t.co/7Y87Aem7Ag
USD remains most USED global currency.
Gold becomes most RESERVED global asset.
Behold the new global monetary system, where the "Store of Value" function is separated from the "Medium of Exchange" & "Unit of Account" functions...hiding in plain sight 👇
Fiat currencies are in an eternal bear market against gold:
Since 1971, the US Dollar has lost -99.24% of its value against gold, the 2nd-largest decline among major currencies.
Over the same period, the British Pound has declined -99.57%.
The Euro would have lost -99.08% against gold if it had existed since 1971.
Furthermore, the Japanese Yen and Swiss Franc have dropped -98.27% and -96.07%, respectively.
Meanwhile, gold prices in US Dollar terms are up +11,119% over the same timeframe.
Own assets or be left behind.
BREAKING: President Trump calls for a physical audit of Fort Knox's gold reserves.
The US reports holding 147.3 million troy ounces of gold at Fort Knox, worth $500+ billion.
Yet, Fort Knox has not undergone an independent physical audit in over 70 years.
@MoneyLevelsShow What did the comments say after our last interview? That I was stupid for rotating my seed capital from bullion to more Royalties?
Should we tell 'em mate?
REMINDER -- Development miners are the cheapest they have EVER been compared to large miners.
This ratio cannot go to zero.
This ratio is in a giant 2-decade bottoming pattern.
Bookmark this -- the gains you will make in development miners when this reverts will be silly.