The GOLD scream room

[stpeter]

saves me the rebalancing

That's the spirit!

[mathjak107]

looks like another sell off in gold , crypto and silver this morning …. so selling isn’t done yet

[Dieter]

Damn, I was going to rebalance a bit out of Silver this week

So close!

My silver is now only up 63% in the last three months

Grr

[I Shrugged]

Damn, I was going to rebalance a bit out of Silver this week

So close!

My silver is now only up 63% in the last three months

Grr

If you hold physical, you might not have found a buyer anyway. That's what I'm hearing.

[Smith1776]

Looks like a big rise in the after hours.

[Dieter]

Damn, I was going to rebalance a bit out of Silver this week

So close!

My silver is now only up 63% in the last three months

Grr

If you hold physical, you might not have found a buyer anyway. That's what I'm hearing.

For good and bad, I hold all my Gold and Silver in retirement accounts

[yankees60]

Did Harry Browne ever discuss this? I do not believe I have either read or heard this content anywhere else?




The politics of gold: Economist Michael Hudson explains why gold's price is rising so much





352,485 views Feb 13, 2025 Geopolitical Economy Hour
Why has the price of gold been increasing so fast, breaking records? Economist Michael Hudson explains the politics of the precious metal, and the dynamics of the US dollar system. He is interviewed by Ben Norton.

Transcript: https://geopoliticaleconomy.com/2025/...

Topics
0:00 Intro
1:49 Highlights
4:14 Interview starts
4:49 US dollar system & Super Imperialism
8:23 Dollar alternatives?
10:56 Why price of gold is rising
15:31 Gold market is political
21:10 Is gold an inflation hedge?
25:19 US military spending
27:33 Budget deficits & MMT
29:41 Gold standard critique
33:29 Politics of money creation
35:39 Commodity markets
38:01 Options trading
39:33 Central banks short selling gold
43:43 Gold leasing
48:01 How much gold is in Fort Knox?
51:03 Is there a run on gold?
1:02:50 Western central bank strategy
1:07:11 Outro

|| Geopolitical Economy Report ||

Please consider supporting us at https://GeopoliticalEconomy.com/Support

Patreon: / geopoliticaleconomy
Podcast: / geopoliticaleconomy
Newsletter: https://GeopoliticalEconomy.Substack.com

[dualstow]

Did Harry Browne ever discuss this? I do not believe I have either read or heard this content anywhere else

Did Harry Browne ever discuss which part?

[yankees60]

Did Harry Browne ever discuss this? I do not believe I have either read or heard this content anywhere else

Did Harry Browne ever discuss which part?

The whole part of politics and central banks and, especially, our country manipulating the price of gold.

[dualstow]

I thought he asserted that the price of gold cannot be manipulated, even though everyone always decries manipulation by one entity or another.

[yankees60]

I thought he asserted that the price of gold cannot be manipulated, even though everyone always decries manipulation by one entity or another.

First Roosevelt set it price at $35 in the 1930s.

Then in 1971 didn't Nixon take us off the gold standard. I remember that day as part of it was price freezing.

I listened to the video twice while working. It was quite good.

[yankees60]

Why Did Gold and Silver Prices Plunge?
The two precious metals wiped out $7 trillion in a single day’s perfect storm.



https://www.morningstar.com/markets/why ... m_id=37261

[seajay]

I thought he asserted that the price of gold cannot be manipulated, even though everyone always decries manipulation by one entity or another.

The gold that the Fed transferred over to the Treasury in exchange for non redeemable 'notes' at $42.22/ounce in effect means that the Fed has paper 'claim' on 250 million ounces of gold (in Fort Knox/elsewhere) at a $42.22 paper to $5000/ounce (recent) market price difference, equivalent to a 118x leverage factor. In turn the derrivatives markets typically run at a 100:1 paper to physical ratio for gold, 100x leverage factor. Combined the Fed has the collateral and means to 'work' the gold price/market to direct the price of gold into alignment with the fiat US Dollar. Or put another way can align the dollar with gold.

The Fed do keep one eye on the price of gold, where several past Fed Chairs have suggested that when the two deviate too excessively bad things tend to happen. As in how interest rates etc. are tweaked regularly to direct glide paths rather than abrupt large incidents so also might the Fed tweak the price of gold and where its collateral of 250 million ounces of gold x 118 leverage factor value applied into 100x leveraged derrivatives is large enough capacity to counter anyone who attempted to play against that.

Unlike when gold was money, finite, fiat is debt based, created out of thin air to lend, destroyed once the debt plus interest is repaid ... which is naturally inflationary (currency debasement). The price of gold is inclined to broadly compare to M2 money supply. Cash deposit and CPI are inclined to lag that, productivity/technology slows inflation. Stock prices broadly compare to gold (Dow/Gold ratio average is somewhat a flat line). Add stock dividends to cash deposits and cash also is more inclined to flat line relative to gold. When your gold, stocks (price only) and cash (plus interest plus stock dividends) all broadly compare then holding equal value of each is inclined to wash down the volatility, and in turn where gold is inclined to see its CPI purchase power increase over time.

Thirds each equally into stock, gold, cash can be a reasonable alternative to a PP, where rather than periodically rebalancing you just lump into that and then spend from whichever of gold, stock price, cash + interest + stock dividends has the higher value at the time (or if saving, add to the pot with the lowest value at the time), which in itself is a form of rebalancing but where you avoid moving larger amounts around (potential cost/tax events).

A form of mindset transition away from pricing/valuing things in terms of dollars as 'money' to instead comparing gold as 'money'.

Historically since 1972 to the end of 2025 and thirds stock/cash/gold ...

https://www.portfoliovisualizer.com/bac ... FwGQ2vNmJB

The other benefit is that your money is more distributed, stock index fund in a tax efficient account, T-Bills or bonds perhaps bought directly from the treasury and that are fully protected, physical gold in your own possession. Even if you entirely lost one of the three elements a -33% portfolio hit is no different to what portfolios may decline in some years through natural market motions.

[dualstow]

Thank you, CJ

[Ugly_Bird]

Why Did Gold and Silver Prices Plunge?

Did you seriously think that they would keep going to $6000 (gold) or above without any downturn?
Whatever the reason there was it is normal process.

[dualstow]

It’s probably just a headline.
Vinny tends to paste those without making it explicit that someone else wrote it.
Still, there is a link (which I have not clicked).

[yankees60]

It’s probably just a headline.
Vinny tends to paste those without making it explicit that someone else wrote it.
Still, there is a link (which I have not clicked).

I thought that it was super obvious when I post a Title with URL that I am providing an article. Nothing original from me.