Peter Zöllner, Head of Banking Department of the BIS, at the Global Precious Metals Conference 2022, Lisbon about what GOLD is…… they love GOLD! But want everyone else use DEBT as an asset!

by Quant2011 https://www.bis.org/speeches/sp171022.htm and they say it openly: Gold is durable and largely imperishable, and nobody’s liability if you hold it physically in your vaults, which frees it from default or counterparty risk. Unlike currencies and debt instruments – which …

READ MORE

Bank of America are still at it… as of Sept 19 the report shows it still holds precious metals derivatives, except gold, of $33.2 billion…. with a maturity of less than one year… platinum and palladium markets are very small, so that is a lot of silver derivatives… 2 years ago they held almost none…

by silvertomars Recent update on the Bank Call Report shows continued growth in precious metal derivatives for Bank of America. Now reaching $34 Billion in notional value. 2 years ago is was $800 million. pic.twitter.com/EGUgJGVypZ — bob coleman (@profitsplusid) September …

READ MORE

The DXY (dollar), precious metals, and crypto are all calling BS on the Fed’s supposed “tightening”

by Boo_Randy ECB has already announced “unlimited” bond buying…all central banks are in a race to debase, so expanding their balance sheets is the exact opposite of “tightening” or fighting inflation. https://www.bloomberg.com/news/articles/2022-07-15/ecb-bond-tool-seen-having-no-limits-as-steeper-rate-hikes-loom#xj4y7vzkg

People ask me “when” the collapse will happen. When precious metals start collapsing like silver because liquidity is drying up fast.. put this statement on the wall

The writings on the wall… pic.twitter.com/DKWsWAhlgM — FX Macro Guy (@fxmacroguy) April 21, 2022 Well the FED is about to drain liquidity in midst of a stagflation like 2008.. — Alessio (@AlessioTMAD) April 21, 2022 United States mortgage rates. Yikes… …

READ MORE

Rick Rule: We’ll be in a precious metals bull market for quite some time … Chris Martenson: Bad science is ruining lives … Larry Lepard: Hyperinflation will send gold to $50,000 …

BY JOHN RUBINO Russell Brand: Who’s the dictator now? … David Morgan: Will Elon Musk Start Buying Silver And Sell Bitcoin? … Rick Rule: We’ll be in a precious metals bull market for quite some time … Mike Maloney: Who really …

READ MORE

The precious metals trifecta

From FXStreet: Going forward, there are – and will continue to be – three primary drivers of global physical gold (and silver) demand. During certain times in the past only one or two of these elements provided most of the momentum. However, as …

READ MORE