Jim Rickards and Egon von Greyerz both agree that gold should be valued at $10,000 based on today’s money supply in the video below. They also believe gold is a hedge and form of insurance to economic instability and potential hyperinflation. They also discuss the 1,000 ozt silver bars traded in the bullion markets, along with their unique features, such as their assay marks and serial numbers.
Here is an interesting interview of Andy Hoffman, a silver analyst for Miles Franklin, by FutureMoneyTrends.com. Andy believes that economic turmoil globally will push more people into precious metals and silver in particular, making the shorts in the market unable to cover without significant losses. He believes precious metals shortages are imminent.
The Motley Fool has an interesting article on Keith Neumeyer, CEO of First Majestic Silver, a major silver miner, predicting a $140 silver price.
Is silver really in such short supply that not only could it double in value from its current price, but triple or even quadruple? First Majestic Silver (NYSE:AG) CEO Keith Neumeyer says you would be crazy to think silver will be trading at $30 or $50 per ounce within the next few years. Nope, instead he believes silver will hit $140 per ounce, a ninefold increase from where it stands today.
Notably, Neumeyer believes the higher prices will be driven mainly by the increasing demand for silver in cellphones and other electronics, due to economic growth in emerging economies.
Also, he recently suggested silver could hit $1,000 and gold $10,000 in an interview with Future Money Trends:
The Chicago Tribune has a new article about how the gold standard is gaining mainstream support as more people realize the flaws of the current monetary system.
George Gilder thinks gold-standard ideas are on the way back whatever the politicians do. Founder and chairman of the Gilder Technology Group and a bestselling author who helped popularize supply-side economics in the Reagan era, he says the trillions of dollars that fly around global currency markets every day are a “bizarre abuse of capitalism,” sucking vitality out of the real economy.
Since infographics are the rage nowadays, we’ll provide the Gold Series by Visual Capitalist. Below is the four-part series.
Here is the history of gold.
Here is mining and supply.
Here is uses and demand.
Here is gold as an investment.
According to FutureMoneyTrends, China is preparing for a new global monetary arrangement by not only buying above-ground gold but also by acquiring gold mines.
If true, this is an interesting and seemingly very effective strategy given that gold reserves throughout the world are getting depleted due to demand and given the difficulty of extracting gold from the earth’s crust.
The Royal Canadian Mint just offered one of the largest and purest gold coins available in the entire world. The coin weighs 3,215 troy ounces and is .99999 (five nines!) pure. It is a remarkable feat for the sovereign mint. It is valued at over $5 million (USD) and has a face value of $1 million. There are only five in existence. Gold Core is selling them.