a gold/silver ratio in the vicinity of 30. Like you, I am ready for it whenever it comes. Wishing you all the best.
Equisetum @ 21:52…. Thanks!! I like his ratio targets
My charting suggests at the next top in gold and silver the ratio will be 30 with the price being $3600 and $120. My charting also suggests that top will be in mid 2019. Regardless of when, I’m fully loaded. All the best from Silverngold!
This is seriously worrisome for the peaceful transfer of power
Former UK Ambassador Blasts “CIA’s Blatant Lies”, Shows “A Little Simple Logic Destroys Their Claims”
Criminal Accusations Emerge for Denying Russian Involvement in US Elections
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The inability of the entrenched powers to accept the results of the election is absolutely horrifying to me. We the people are trying to take back control of OUR country, and THEY refuse to let go! Instead they keep escalating these issues. The end game here can only be civil war.
In his “Global chaos” article currently posted on Kingworldnews, Egon von Greyerz reiterates
why gold has been his long-time preference for wealth preservation, and I understand his reasoning for this conviction. However, in this current posting I do not remember him ever being so positive and optimistic as he is now about silver for future wealth preservation. He does not give any impression that he is rejecting any positive thoughts about physical gold; it just struck me that the new slant is his equally positive feelings about silver for wealth preservation. I liked his comments on how quickly the gold/silver ratio can change from its current relatively high level down to ratios like 30, or even 15 or 10. I have already placed our fiat on the betting table in expectation that the gold/silver ratio is going to be returning to these relatively lower levels.
Re Gold
For the first time, in a long time, there was a full page add from a group of Gold Silver redemption centers looking to buy.
part:
American Eagle gold bullion coin sales have reached a total of 964,500 ounces across 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce options. Last week saw 28,500 ounces of bullion Gold Eagles sold, down a bit from 31,500 ounces sold the previous week.
American Buffalo 1-ounce gold bullion coin sales have reached 212,500 pieces; 11,000 units were sold during this period, compared to 3,500 the previous week. In 2015, the Mint sold 801,500 ounces of Gold Eagles and 220,500 ounces of Gold Buffalo bullion coins, for a total of 1,022,000 ounces.
The Mint has now exceeded the 2015 total by 155,000 ounces.
http://news.coinupdate.com/precious-metals-sales-report-week-ending-december-4-2016/
I’m sure he has lunch with the horned one
Maduro Stunner: Venezuela Eliminates Half Its Paper Money After Pulling Largest Bill From Circulation
Having observed the economic chaos to emerge as a result of India’s shocking Nov. 8 demonetization announcement, and perhaps confident it can do better, today president Nicolas Maduro of Venezuela, Latin America’s most distressed economy, mired in an economic crisis and facing hyperinflation, likewise shocked the nation when he announced on state TV that just like India, Venezuela would pull its highest denominated, 100-bolivar bill (which is worth about two U.S. cents on the black market), from circulation over the next 72 hours, ahead of the introduction of new, higher-value notes, as large as 20,000.
“I have decided to take out of circulation bills of 100 bolivars in the next 72 hours,” Maduro said. “We must keep beating the mafias.”
History repeats!! Got Gold??
CHILDREN PLAY WITH STACKS OF MONEY DURING THE HYPERINFLATION PERIOD OF THE WEIMAR REPUBLIC
We’ve come a long way in a short time!!
THE ENIAC (ELECTRONIC NUMERICAL INTERGRATOR AND COMPUTER) WAS THE FIRST COMPUTER EVER MADE. IT COULD ADD OR SUBTRACT 5,000 TIMES A SECOND.
Could be a problem for Arizona Mining … I have a few shares
Zinc Discovery in Arizona
looks like “Bre-X”
snip
13376ppm
Manganese clogs up smelters, sticking to anodes and tanks, which have to be emptied and cleaned if they are processing manganese-heavy material. The upshot: too much manganese in with your zinc and the product isn’t viable. Anything above 0.4 per cent and a company faces penalties, paying extra to process its tonnage. Anything above 0.7 per cent and it’s probably a showstopper.
On page 94 of the company’s 113-page resource estimate, which was published in October, Taylor’s concentrates were “analyzed for smelter-penality elements [sic]”, with manganese coming in at 13376ppm, equal to 1.3 per cent. “Their material is not actually saleable,” says one banking analyst, who previously worked at one of the world’s largest metal traders. “Nowhere does [the company] mention this as a potential issue.”
Analysts at three separate banks said that manganese levels of 1.3 per cent are unworkable. There are “likely to be some high penalties for that sort of quantity in a concentrate. Probably not too many smelters who could take it so they’re likely to be over a barrel.”
http://www.globalminingobserver.com/zinc-discovery-arizona-looks-like-bre-x-172
Jim Rickards also calling for gold to go up in New Year
Calling for gold to take off in the New Year because BRICS will get veto power in IMF:
BRICK’S IMF Veto
Good long article, but he is also trying to sell you something. 😉
Morning MetalsGuy
Thank you for the response. It’s good that they’ll be buying physical or something backed by it. Course GLD claims it is backed by physical too and I’m wondering if it will be offered, although I’d find it hard to believe Muslims around the world would trust anything Wall Street has to offer.
I’m not sure it will have a sudden impact on the gold price – at least the paper gold price that we all have to live with. Maybe they’ll buy gold from the Shanghai exchange and the spread will get even wider.
I guess we can hope.