The one-cent US coin has been consigned to heaven.
This is not the first time I have encountered this phenomenon. I saw it with the UK Penny and with the South African Cent.
It is the easiest way of seeing inflation run rampant. When it costs more to produce the smallest coin than it has value, we know that inflation is out of control or has been for quite a while.
At one point it was far cheaper to drill coins to use as washers, in production, than to buy equivalent washers. A really sad state of affairs.
Zimbabwe was a classic case of wild inflation, where more and more naughts were being printed on the notes just to keep up with the skyrocketing inflation. Here is an image of a hundred trillion dollar note.
A responsible reserve bank and contained government spending together with consumer confidence, keep a lid on inflationary expectations. Once a combination of these are lost Zimbabwe-type inflation can be expected.
Printing one’s way out of crisis is certainly not a long term solution to solving massive debt problems.
A revaluation of the price of gold is one solution. I see more and more articles proposing this ‘fix’.
In my opinion all people opposing DOGE should be investigated. What a win to have a trustworthy entity look into corruption, theft, and coercion. The misallocation of funds affects the entire society and the costs of running it.
I think they will find far more than even they believe.
How is it possible that a judge restricts access to properly qualified people? What is the judge thinking?
Sadly no arrests yet for inappropriate allocation of funds.
I am excited that Tulsi Gabbard has been approved for her position. I look forward to seeing real results.
CHARTS DESCRIPTION 🔽
- Red vertical lines: sell signals.
- Blue vertical lines: buy signals.
- Bollinger bands: Green bands set two standard deviations from the 20-period simple moving average of the price.
- Red or blue arrows or markers point out salient features.
BITCOIN AND GOLD
Buy gold versus Bitcoin (27 January 2025). Mind the gap. Gold outperforms Bitcoin.
ETHUSD: Out 10 December 2024: A spike low indicates a reversal. The indicators are still pointing down. No buy yet.
BTCUSD: Sell, 20250128. Bitcoin and the Nasdaq (Cyan), have a similar trajectory. We have a double top not penetrated yet, we wait for a third attempt. We also have a spike low so price may reverse here.
GOLD AND SILVER STOCKS
Gold stocks outperforming gold. (01 January 2025) Some indicators are turning up but no change yet.
Silver stocks outperform silver (21 January 2025).
GOLD AND SILVER
Silver to Gold Ratio
Gold outperforming Silver. (Signal given 06 February 2025)
GOLD TO USD
Gold outperforms the USD, (10 January 2025). Looking overbought. No reversal yet.
A LOOK AT THE GOLD AND SILVER CHARTS
| Today | Last Week | |
|---|---|---|
| Gold Price | $2,915.00 | $2,859.00 |
| Silver Price | $32.25 | $32.12 |
| Gold:Silver ratio | 90.43:1 | 89.03:1 |
| Gold Miners bullish percent index | 67.86 | 67.86 |
| Dollar Index | 107.79 | 107.94 |
| Dow:Gold Ratio (BahaUS 44,441.00 Gold price, $2,915.0) | 15.24 | 15.72 |
| Current USA inflation rate (Dept. of Statistics) | 3.0% | 2.9% |
Gold’s low of the week was $2,852.00 and the high was $2,942.00, now trading at around $2,908.00.
- Gold Monthly: is a hold. We bought in at $1,800.00 in October 2023. Funds flows into the metal are substantial. No sell signal yet.
- Gold Weekly: (Buy 13 January 2025) Slightly overbought, looking good. (Chart below).
- Gold Daily: (Buy: 20250108). Looking overbought.
The low for Silver this week was $31.25 and the high $32.39 trading around $32.07 at present.
- Silver Monthly: Hold. Buy signal taken at $24.00 in March 2024. Weakening. Out of overbought territory. Funds flow into the metal improving. No sell yet.
- Silver Weekly: (Buy 27 January 2025) Picking up steam. (Chart below).
- Silver Daily: Buy. (3 January 2025). Holding up. Looking weaker.
Our partner has stock of both gold, silver, and Goldbacks in our vaults available in Panama. Please contact us for more information.
A video by Mike Adams on the Goldbacks.
Well worth a look!
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
An interview with Josh, owner of Scottsdale Mint:
Please contact us to arrange the purchase and storage of your gold and silver requirements in a safe, insured location outside of your jurisdiction.
If you are interested in an overview of Fort Kobbe, you may want to have a look at this video: Mike Brown, Director, Fort Kobbe, International Vaults, A DotCom Magazine Exclusive Interview
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.
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