Fort Kobbe Vaults

A look at Gold and Silver Charts (02.23.2023)

money burning_cartoon
Adjust the sails_Hedgeye.cartoon
© Hedgeye Risk Management, LLC with permission granted by Hedgeye, reproduction and republication is expressly prohibited.

Here is a worthwhile chat about the blowing up of Nord Stream 2 and the realization by Germany that they were attacked by an enemy.

An act of war? It is quite a long video if you have the time, watch here

I found the chart below of interest because it shows the difference in volatility between BTC and physical gold. I don’t see the value at this volatile time of holding BTC indefinitely. As a trading vehicle the volatility is a bonus. Physical gold on the other hand can easily be held for the long term if desired.

Bitcoin vs. Gold Price Volatility

We are often asked if we are able to source small denomination coins on behalf of clients. Since early 2020, the supply of silver and gold smaller denomination coins has dried up or premiums have become outrageous. Our partner company is an authorized dealer for Goldback notes.

These are sheets of 24 carat or 999.9 gold encased in plastic, fiat size notes of various weights, depending on denomination. They are available in notes of 1, 5, 10, 25 and 50, respectively, 1/1000th, 1/200th, 1/100th, 1/40th, 1/20th of an ounce of gold. Starting at around $4.00 for a 1 Goldback and going to around $200.00 for a 50 Goldback, they represent the best method of usable fractional gold we have seen.

Goldbacks technically are like a gold bar, and are not legal tender. They are incredibly difficult to counterfeit and have many security features beyond the complexity of their production.

They are covered by warranty for delamination, and the president of the company told us that they have had two notes returned since starting production. The other major feature is that they are equal values, in that 1 x 50 Goldback note is equal to 50 x 1 Goldback notes, this is unlike all usual gold coins where fractional coins are not equal to whole coins, for instance 10 x 1/10 th oz coins will be much more expensive than 1 x 1 oz coin

We have carried these notes around in our wallets and find that they are extremely durable. I love the look, utility and applicability of these notes, particularly in a barter economy.

In addition it solves the problem of having small denomination coins which can be replaced by convenient real gold notes.

The more I think of the utility of these notes the more I like them. In my opinion they are light and convenient to carry and remove us from the current fiat system and the new proposed and currently being tested CBDC (Central Bank Digital Currency) system, which restores our freedom to trade in the way we like without big brother watching every move we make.

Here is one example of the notes available:

UTAH GoldBacks.Fifty

TodayLast Week
Gold Price$1,824.00$1,838.00 
Silver Price$21.55$21.58
Gold: Silver Ratio84.73:185.11:1
Gold Miners Bullish Percent Index37.9341.38
Dollar Index104.52103.77
Dow: Gold Ratio
(BahaUS 33118.55/Gold price,1824.97)
18.1418.52
Current USA inflation rate (Dept. of Statistics)6.4%6.5%

Gold’s low of the week was $1,817.00 and the high was $1,848.00 now trading at around $1,824.00

The monthly chart for Gold is neutral looking weak.

The weekly chart is neutral with a tendency to a sell but hanging in there.

The daily chart is a sell not looking like an imminent turn around at present.

$GOLD Gold - Continuous Contract (EOD) CME 23 February 2023

The low for Silver this week was $21.40 and the high $22.01, trading around $21.56 at present.

Silver on the monthly chart has given a sell signal. 

The weekly chart gave us a sell on Tuesday and looks like it has stalled there for now.

The daily chart gave a sell and has breached the bottom of the long term trading range at $21.50 and is holding that line.

$SILVER Silver - Continuous Contract (EOD) CME 23 February 2023

Our partner has stock of both gold and silver in our vaults available in Panama, please contact us for more information.

On the Stockcharts.com charts, the blue vertical lines are our proprietary system buy signals and the red vertical lines are system sell signals – for information purposes only

Please contact us to arrange the purchase and storage of your gold and silver requirements in a safe, insured, location outside of your jurisdiction.

This is my interpretation of the market and is not to be taken as financial advice. Before making any buy or sell decisions I recommend that you consult with your professional financial advisor

Larry Simon
Larry Simon

Larry Simon was educated at the University of Witwatersrand, Johannesburg, South Africa and is an experienced businessman specialised in management, investment and finance.

Subscribe for the Latest News

Subscribe for the latest news and opinons about Gold, Silver, offshore vaulting and other industry information and opinion delivered right to your email inbox

SUBSCRIBE TO OUR NEWSLETTER

To receive industry news and updates​

“We provide a stable and expanding platform of physical and electronic security, technology, human structures and an ideal location that creates trust and resourceful solutions for our exacting wealth management clients.”

Fort Kobbe Panama

Copyright © 2020. All rights reserved Fort Kobbe Management, Corp.

Subscribe for the Latest News

Subscribe for the latest news and opinons about Gold, Silver, offshore vaulting and other industry information and opinion delivered right to your email inbox