Friday, 02-Sep-2016
(Sprott) Jim
Rickards: “There Will Be A War On Gold” So I expect that when
governments suddenly wake up one day and say, “Wait a second, all these
people we tried to chase out of paper money, they’re going into gold.”—at
that point, there will be a war on gold.
So my advice to people interested in gold is—get it now while you still
can. What are you waiting for?
PG Note: The time to buy your physical gold is during times of relative
quiet. Not only is there availability, but the yellow metal is on sale!
Barbara Kollmeyer (MarketWatch) Here’s
how the Fed (and others) will drive gold to $1,700 “If we were
to assume that the value of gold should appreciate to keep the overall value
of the big four aggregate balance sheet equivalent to that of the value of
the aboveground gold stocks, then gold should be trading closer to
$1,700/oz,” the analysts said in a note Friday.
PG Note: It’s a sound theory: Gold is undervalued at its present value
relative to the massive expansion of central bank balance sheets.
Michael J. Kosares (USAGOLD) Gold’s
strong summer may be harbinger of things to come We are now
wrapping up one of the stronger summers in memory at USAGOLD and heading into
the strongest time of year seasonally for gold and silver – September through
February. Normally the summer months are the quiet part of the year, but 2016
has been an exception. The price of gold is up 9% since the beginning of June
and silver over 18%. ETF gold inventories reached highs in July and August
not seen since 2009, the year after the collapse of Lehman Brothers and the
launch of the so-called credit crisis. Some see the stronger than usual
summer showing for the precious metals markets as a harbinger of things to
come.
PG Note: Gold does indeed tend to get a seasonal boost from September into
year-end and beyond. As always, Mike’s insights — honed by more than 40-years
in the gold business — are a must read.
(FastFT) Turkish
central bank tweaks reserve rules to ‘bring gold into economy’ In
a statement on Thursday, the central bank said it wanted to boost foreign
exchange reserves and “bring out residents’ gold into the economy” by raising
the amount of gold that commercial banks can hold in reserves.
PG Note: A number of countries are moving to integrate gold back into
their financial systems. The U.S. however will cling to the dollar regime
until its last breath. Savvy investors should be integrating gold into their
own financial plans now. Should the dollar regime eventually collapse, the yellow
metal is going to be a lot more expensive . . . if you can get it at all.
