This article was written by Steven Maxwell and originally published at Activist Post.
Editor’s Comment: Can they hold back gold and silver prices forever, despite obvious manipulations of the price? Maybe. It remains to be seen how much brute force and ridiculous propaganda can hold back the pressure piling on the fiat currency system, and an economy that is skewed to produce cream for the 1%.
More likely though, at some point, they won’t be able to hold gold and silver back any longer. Most analysts peg the real value of gold at over $5,000, though the market doesn’t come anywhere close to that value, with banksters trading on futures and messing with the price point. During a crisis, or a long-standing emergency, and one where goods and essential services are lacking or no longer available, the true value of gold and silver as lasting commodities will once again shine through – it could be used for barter, debt payoffs or collateral for barter of smaller or perishable items including food.
Regardless of all the funny business with the dollar, the propping up of the stock market and the push to move more and more onto the grid, precious metals can hold their own when allowed to do so.
Will Silver and Gold Rally in 2017 Under Trump?
by Steven Maxwell
Unstable economic conditions and a Trump presidency may cause a rally in precious metals.
Trump’s protectionist policies and his support for auditing the Federal Reserve could make silver and gold an attractive hedge in 2017. Couple that with a bubble economy that has many bloated sectors ready to be pricked, sending capital flooding out of paper assets into safer places.
Under Obama, silver hit a low of $9.46/ounce on November 6th 2008, a mere two days after Obama was elected as the 44th US president. After an epic real estate and stock market meltdown led to an unprecedented Fed bailout, a rally for paper assets and metals ensued. Silver hit highs above $50/ounce in April of 2011. While Obama readies his exit from the White House, the stock market continues to ride the stimulus bubble, but silver has substantially retreated to near its lowest price under his Administration – $16.80/ounce.
Source: Bullionvault.com
Although silver may seem to be a cheap and boring investment compared to the prospect of 20,000 Dow, had you bought it during those early days following Obama’s election, your investment would have still gained about 70 percent with a future that appears to be even shinier.
The price in precious metals swung a bit on election night – up when a Hillary win was expected, down after it was clear Trump would be victorious. Apparently a lot of people were rage dialing their brokers late into election night resulting a near five percent plunge in the Dow Jones in after-hours trading.
2016 Election Night Chart of Dow Jones: CNBC
This illustrates the fact that there can be emotional volatility during any time of transition and a subsequent rush to safety. On election night people ran to cash for safety. Yet, ongoing currency wars and potential trade wars with Trump’s proposed tariffs could make precious metals an important hedge. Remember that other countries also buy silver and gold when currencies become unstable.
Those with physical metals or gold and silver in IRA could also benefit from Trump’s $1 trillion infrastructure plan, both because it will require printing money (inflation) and because the new construction will require more fabrication metals than a free market would normally demand.
One recent development that could also lead to potentially higher prices is the Deutsche Bank settlement last year over precious metals price rigging and their testimony about other participating banks. This punishment might create an atmosphere of more honest pricing going forward in 2017 and beyond as the market adjusts to its new freedom after the fallout.
Recall according to Bloomberg:
Deutsche Bank AG has reached settlements in lawsuits over allegations it manipulated gold and silver prices, lawyers for traders of the commodities said in court filings.
Attorneys for futures contract traders in two private lawsuits said in letters filed Wednesday and Thursday in Manhattan federal court that the bank has executed term sheets and is negotiating final details for the accords.
….
“In addition to valuable monetary consideration to be paid into a settlement fund, the term sheet also provides for other valuable consideration such as provisions requiring Deutsche Bank’s cooperation in pursuing claims against the remaining defendants,” attorneys Daniel Brockett and Merrill Davidoff said in their letter Thursday in the gold-fixing lawsuit.
Silver and gold futures traders sued groups of banks in 2014 alleging they rigged prices for the precious metals and their derivatives. Silver traders brought claims against Deutsche Bank, HSBC Holdings Plc, Bank of Nova Scotia and UBS AG. Gold traders additionally sued Barclays Plc and Societe Generale SA.
If an atmosphere of more transparency should take hold under a Trump presidency and other governments around the world, it’s reasonable to assume that precious metals will begin a steadier trajectory upward, rather than some of the severe volatility they have been subjected to. Once proper pricing is firmly established, mining companies will then be able to show their investors steadier returns, heralding a potential surge across the board.
A final economic consideration that continues to highlight physical silver as a strong asset is a year-over-year shortage, with production decreasing on a global scale. Once again, this reality has not been fully reflected in its current price. If all factors remain relatively constant, silver and gold will likely climb in value in 2017.
However, if any of the major financial bubbles burst, it could depress global demand for all commodities in the short term. So it’s best to stay diversified and adaptable.
This article was written by Steven Maxwell and originally published at Activist Post.
If silver and Gold go up. That means the Dollar is weaker. That means anything we import will cost us more. The wife and I have some silver and that means it will be worth more. Might just go out and buy some more before it gets too high.
Sgt.
Sarge, Have you had a chance to try out your equinox and dot sight setup? I saw a review where a guy tried it and said the dot was just a big blur. I am thinking of the equinox with a set of flip up peep sights. If you tried it and it worked good, may I ask what kind of dot sight you are using?
Check out the ad on the right for full auto ak47. Watch the video, bad arse piece of equipment 🙂
Genius,quick question. Do you use whole kernel or cracked corn in your mash?
I don’t use corn. I use malt extracts. 2 lbs. dark barley extract and 1 lb. rye extract with 2 cups corn sugar and 18 cups sugar per 4 gallon batch. I have tried sweet feed grains but it wasn’t that good. The trick is in the oak curing. Take about 1.5-2 cups of white oak chips and spread them out on a cookie sheet and burn them about 95% blackened with a propane torch. Add it to 1 gallon of stuff and mix and heat to about 135-140 degrees and let cool. Next put it in the freezer or outside in sub freezing temp. overnight then let it thaw and reheat. Do this 4-5 times then filter with coffee filters. This method works great and the taste is awesome!
Also be sure and use 6 teaspoons of fermax nutrient and 2 teaspoons distillers yeast for best results.
For old timey REAL corn whiskey you need to sprout your corn…so whole grain is used’
You can use cracked corn if not sprouting it.
From what Genius has posted before, I think he makes Sugar Shine…no corn needed…and adds fruit flavoring.
cheers
popcorn, I just make whiskey a different way is all. I don’t make sugarshine or use fruit. If you haven’t tried whiskey made with malt extract your missing out bigtime. I’m not that big a fan of corn whiskey but if I did make some I would definaltely sprout it and knock the sprouts off first.
Besides, things like whiskey progress over time and improve from the old ways. I would put mine up against ANY corn stuff. Did you think corn whiskey was as far as whiskey could go since 300 years ago?
I take that back… I do make sugar shine once in a blue moon to use in making kaluah and spiced shine and schnapps. I usually rerun my tails to high proof for those things though.
“G”
Yes I did, and found that Eotec was blurry on the very top bright setting, and at low setting was still a little blurry. What I did find was that the Bushnell Trophy works great. They work the best set on lowest brightness.
It took me a while to find the right setting, and the right adjustment on the Equinox, but once I did it works great.
I have on all of my Tactical rifles that are flat tops flip up back up sights. I believe 100% in back up sights. You know as well as I do that when you need the batteries they will be dead and it will be when you need sights the most, and you don’t have time to change them. That is why I have the flip ups.
Sgt.
Sarge, Right you are, never rely on electronic optics alone. Thanks for the info, it is very helpful!
Sarge, Is the dot sight you have the model TRS-25?
I would have no idea why anybody would use the EOTech site on full bright dot anyway, Its way too bright and over takes the optical. Medium mode of 10 settings is best. Also the EOTech I have is the 556 Model and it set up for Night Vision Mode, with the buttons on the side. At the lower brightness settings it works with night vision. Then add the 3X’s Magnifier behind that flips to the side, behind the 556 and you have a good added optical for more distance with many options. Figure over $1000 for that set up which I have. I would only use the EOTech for up to about 150 yards. Further out get a better scope.
The EOTech is a Holographic site, which means no matter where your head positions is, or with both eye open, anything you see with a red dot on it, in the site is the target placement. You do not need to be lined up with the site to hit your target. You could be a foot back and to the side and see exactly what you will hit with the dot on it. Go watch how this works on Ytube. I figure this is ideal for 100 Yards or less and for closer in combat.
I did a lot of research on this 6 years ago when I bought it. For this now days plan on $1100 for this set EOTech up. I went for the top dog on everything. I have $3500 in my 5.56 Sig Sauer Swat with all the upgrades. It was a blast putting it all together. 2x 40 rounds mags clipped together. Would not want to be on the other end of this machine and using Green tips. That’s why you don’t buy cheap optics that break down. Plus these optics are submersible water proof, with 1000 hours of battery life CR123’s. I keep the rear iron sights for kicks in a bag.
I will also add that some EOTech models use AA Batteries, I prefer CR123. These sites are Fog proof, and quick target acquisition. They are tough as heck. Some of these reticles I see out there looks flimsy like they will break off the first twig they get hung up on. I set my Rifle up for tough battle, in the swamp, the water, fog, bring it.
I’ve owned several EOTechs. Got rid of them all early last year during their buyback recall. I’ll never buy another one. They drained the batteries too quickly even when off. Parallax was not good. Reticles were terribly grainy. And POI drift was bad, which is what prompted their buy-back recall.
Eotech Holographic dot sites. A little more pricey but worth it, durable and submersible.
Umm like Sarge just said… eotech was blurry with night vision.
It might be your Vision. lol.. Mine works great.
“It might be your Vision. lol.. Mine works great.”
So you have yours mounted in front of a Bushnell Equinox night vision device and it works great?
And if the dollar weakens then fuel will rise.
The 14 Year, Highly Over-Inflated US Dollar is Fake as well. Why would you want to hold Fake IOU’s??
Its time for everybody to figure out how to get through life with out the US Dollar and trade with PM’s. I see Trump Burying the phony US Dollar into oblivion, so he can print new money with No Fed Control. Sooner the better, Trump Gets it, So plan ahead, and get rid of your Over Valued Fiat Dollars for Under priced and Under valued Gold and Silver. Its a No Brainer. Buy Low Sell High. Sell your high US Dollars for low Gold and Silver.
Multiple things here. One of the only ways to save Pensions systems is to start adding massive amounts of Gold and Silver to their portfolios. Many are not allowed to use PM’s in their portfolios. This is a scam to keep money flowing into bogus equities to prop them up. Its all a scam.
Another thing: I read a lot of Gold articles in the last few days. The TRUMP FACTOR: Articles:
Trump Takes The Final Currency War Thermonuclear…Puts Gold Cartel On Notice! | Gold Eagle
http://www.gold-eagle.com/article/trump-takes-final-currency-war-thermonuclear%E2%80%A6puts-gold-cartel-notice
Part of the Article: However, clearly Trump has taken the “final currency war” I warned of four years thermonuclear, inadvertently putting the gold and silver Cartel “on notice” that its days are numbered. And thus, that they’d better start thinking about covering their massive paper shorts, and acquiring as much physical metal as they can, before the inevitable shortage arrives. Which, unlike the historic gold and silver shortages of 2008 – and lesser silver shortages in 2011, 2013, and 2015 – is unlikely to be “reversed” by manipulative Central bank actions.
On the eve of UK’s Theresa May’s speech on the “twelve points” of a “hard and clean” UK BrExit – which again, the majority of “pundits” and “analysts” said wouldn’t happen; not to mention, Chinese Premier Xi Jinping’s historic Davos speech – in which he attacked protectionism, claimed China had no intention of devaluing the Yuan (LOL, after having devalued it by 15% in the past 17 months), and claiming China would “take the gloves off” if America continued to provoke it; Trump gave an interview with the Wall Street Journal, in which he directly countered the primary pillar of the Cartel’s two-decade gold and silver suppression scheme – concocted when Bill Clinton’s newly appointed Treasury Secretary, Robert Rubin of Goldman Sachs, first uttered the filthy lie that America had a “Strong Dollar Policy.”
And never more than during times of extreme crisis; such as the early stages of the 2008 financial collapse, when Precious Metals were viciously attacked to “prove” they weren’t safe havens – even if just a few weeks later, not only did PM prices soar, but the aforementioned physical shortages nearly destroyed the Cartel then and there. Then, when the powers that be nearly lost control in 2011 – when it became readily apparent that their post-2008 market-saving mechanisms (like TARP) were failing, they passed the “point of no return” (in silver, in May; and in gold, in September); when they realized they must manipulate all markets, all of the time – or face a disastrous, immediate defeat at the hands of “Economic Mother Nature.”
***So what does this mean? Watch Silver and Gold about to Explode upwards as Trump reduces the US Dollar to compete with China. Back up the Trucks on PM’s. Wudda Shudda Cudda. I did.
WHAT ELSE WILL DRIVE gOLD PRCES HIGHER IN 2017?
“Global mine output has plateaued; it now seems likely to decline through 2020 and perhaps into the middle of the next decade… Discoveries of new ore bodies are at a 25-year low, while the time required to bring new ore bodies into production continues to lengthen, and now stands at nearly 20 years,” he said in his report.
Hathaway also highlighted two factors that will continue to boost demand in an environment of dwindling supply: the new Shariah gold standard and the fact that gold is now a settlement currency among oil-producing nations and China.
LINK: http://www.kitco.com/news/2017-01-17/Gold-s-Physical-Market-To-Overwhelm-Feeble-Paper-Wait-See-Tocqueville-s-Hathaway.html?sitetype=fullsite
I ALSO TOLD YOU THIS A MONTH AGO ABOUT DEC 31ST THAT WILL DRIVE GOLD Prices HIGHER. Shariah gold standard
Up until Dec 31st 2016, it was illegal for Muslims Islamics to trade Gold of invest in according to their Koran, and they changed the law Dec 31st to now allow it. Which means there is a whole new market segment for Arabs to buy, sell and trade Gold. So watch that drive up market demand for the shiny in 2017.
Article: Two recent developments (largely ignored by mainstream media) will, in our opinion, significantly strengthen the demand for and usage of physical metal. First, a new Shariah gold standard was approved in December 2016:
The AAOIFI [Accounting and Auditing Organization for Islamic Financial Institutions], in collaboration with the World Gold Council (WGC) and Amanie Advisors, has approved what will become known as the Shariah Gold Standard. This is a set of guidelines that will expand the variety and use of gold-based products in Islamic Finance. (Jan Skoyles, Goldcore Research, 12/16)
We believe that this will lead to the creation of investment products such as gold ETFs for the Islamic world (25% of global population), a market that has not been penetrated. While estimates of the potential market size vary wildly, and this development is in its early days, it seems to us that it is a major positive for future physical gold consumption …
Link: http://www.gold-eagle.com/article/physical-gold-will-%E2%80%98trump%E2%80%99-paper-gold
Look to Texas for the Blueprint on Gold-Invested Pension Funds
The Texas Teacher Retirement Fund and the University of Texas own nearly $1 billion in physical gold, which will soon be transferred from Wall Street vaults to a brand-new depository in the Lone Star State thanks to the recently passed Texas Bullion Depository legislation.
Shayne McGuire, portfolio manager of the Gold Fund for the Teacher Retirement Fund of Texas said that “one of the main reasons we considered gold was the diversification benefits it provides to portfolios dominated by equities, as most pension funds are.”
While most pension fund managers shy away from gold, they do so at their own risk and the risk of their pensioners. As a non-correlated asset to bonds, stocks, and other paper-based investments, precious metals are key to true diversification. It’s time for pension fund managers to break out of their Wall Street groupthink and include a meaningful allocation to physical gold and silver bullion for protection against inflation and financial turmoil.
What do you want to bet wall st. doesn’t have their gold? Texas was stupid for ever letting them so called (store it)!
Do you know someone suffering from Trump Unacceptance & Resistance Disorder (TURD)?
Know the signs, spot the symptoms, and save a life.
TURD is a pattern of pathologically dissociative and psychotic behavior, first observed in the late hours of November 8th 2016, and increasing in severity with passing time.
Sufferers of TURD often exhibit pronounced cognitive dissonance, sudden bouts of rage, rioting, and uncontrollable crying.
People with TURD are characterized by a persistent unwillingness to accept that Donald Trump is going to Make America Great Again.
TURD is caused by the election of Donald Trump as President of the United States of America. For many, both in America and worldwide, this was a shocking and unexpected outcome; their preferred news sources having failed to inform them that the alternative candidate was a criminal parasite.
Research is ongoing, but TURD appears to correlate closely with the following environmental and behavioral factors:
*Membership in the Democratic Party
*Identifying as a Feminist
*Currently enrolled in college, and/or Possession of a Liberal Arts college degree
*Living in a densely populated metropolitan area
*Massive student debt
*Spotty or non-existent work history
Patients with TURD are very resistant to treatment, and dangerous in large groups. Any possibility of treatment requires that they be separated from their hive-mind support apparatus; they cannot begin the process of accepting reality in the presence of encouragement towards delusion and irrationality.
If you have a friend or loved one suffering from TURD, urge them to seek treatment. Together we can beat this scourge, and Make America great again
BM
Thanks for the LAUGH!!!!
Great!!!!! TURD!!! Batman!!!!
Sgt.
BlackMoe. You are frickin hilarious.
I like that audit the FED part. First truth, then comes what may. I would like to think it would be justice. Then we could smile again.
Plug Nickel or Plugged Nickel
Some early United States coins (minted in the 18th and 19th centuries) were made with a small silver disc added to the center of the coin in the planchet(blank metal) before striking. This was done to increase the value of the metal in the coin up to the coin’s face value.
A plug nickel or plugged nickel is a coin where the “plug” (center disc) has been removed, thus decreasing the metal value of the coin. People would often examine their change after a cash transaction to ensure they did not receive such a coin.
_____________________________________
In the United States, a wooden nickel is a wooden token coin, usually issued by a merchant or bank as a promotion, sometimes redeemable for a specific item such as a drink.
An American adage, “Don’t take any wooden nickels” is considered a lighthearted reminder to be cautious in one’s dealings.
Wish in one hand, crap in the other. Please tell me which one fills up first.
All these articles keep referencing DB and their paperwork. At this point if it really meant anything we’d be talking about $75 Ag.
Yup, stack it but only because it has value, not because another internet yahoo says it’s going to increase in paper value.
Rather than all these predictions, I would rather have a daily current value of gold, silver, copper, nickel and a report of real related events. I can make predictions if I have facts.
__
B
This aughta get you started…
h ttps://www.investing.com/commodities/