This is the chart of the Consumer Price Index over the past ten years. It proves to me that we are being lied to on every level about inflation.
When we are told inflation is reducing, it is true, it just means they are adding a smaller amount. Except for 2020 there is no DEFLATION. The chart above shows only a couple of periods of respite. 2017 a flattening, 2020 a dip (COVID), but otherwise onward and upward.
We all know by now that inflation is an insidious form of taxation that is produced by the never-ending supply of new currency (credit) into the system. The government gets to use the currency first at the existing value and then it goes into the economy for us mere mortals to use at the now depreciated value.
The public has become poorer and poorer. We need to work longer hours and have two incomes or more in order to stand still.
I am old enough to remember living a comfortable life with my old man working as a car salesman and then beginning a startup business earning a single income. My mom contributed from time to time as needed. No frills but an occasional holiday and reasonable entertainment.
We lived in a small house in a reasonable neighborhood and paid our mortgage regularly. Today my kids cannot afford to buy a house.
I don’t know if a life like that is possible today. Inflation has eaten away the value of currency. Monopolies control medicine and the medical complex.
The ‘food’ industry, if one can call it that, has been taken over by the chemical industry and large corporations. Farming for the small farmer has become almost unviable. Large farms run on chemicals rule the earth.
Our soil is being decimated with current farming principles. On a small scale (thousands of hectares), I have seen impressive reversals of decimated land to healthy viable farmland and natural vegetation for both domesticated and wild animals as well as for organic crops. This is viable and possible and the land will cooperate.
Will the GMO seed and chemical suppliers?
We have been addicted to sugar, poisoned by glyphosate in our food and fluoride in our water, aluminum in our air, and many more.
It is time to reverse this idiocy and start to love and care for one another and this incredible planet we live on.
How to protect ourselves from the devastating inflation and stagflation and shrinkflation we currently experience?
I really do not mind if you buy silver or gold through us, I do care that you have a holding of both, at hand as well as offshore.
My opinion is that gold is a concentrated form of saving which has held value for millenia. Silver in my opinion, is poised for a moonshot and is a speculation on steroids. I cannot think of any asset worth half now of what it was in nominal terms forty years ago.
BITCOIN AND GOLD
BTC:GLD below shows gold outperforming Bitcoin. The spike low means we watch carefully for a reversal. The indicators are not confirming the BTC buy yet.
ETHUSD is a hold, going sideways. We wait for it to develop.
BTCUSD we have a spike low and the signals have turned up so watch for a buy. No buy yet.
GOLD AND SILVER STOCKS
Gold stocks are outperforming physical gold.
Silver stocks outperform Silver.
GOLD AND SILVER
Silver to Gold Ratio
Silver now outperforms gold.
GOLD TO USD
Gold is now outperforming the USD. Indications are for a turn around.
A LOOK AT THE GOLD AND SILVER CHARTS
| Today | Last Week | |
|---|---|---|
| Gold Price | $2,482.00 | $2,460.00 |
| Silver Price | $29.07 | $28.09 |
| Gold:Silver ratio | 85.36:1 | 87.52:1 |
| Gold Miners bullish percent index | 82.14 | 78.57 |
| Dollar Index | 101.59 | 102.55 |
| Dow:Gold Ratio (BahaUS 40,882.00 Gold price, $2,502.00 ) | 16.37 | 16.18 |
| Current USA inflation rate (Dept. of Statistics) | 3.0% | 2.9% |
Gold’s low of the week was $2,485.00 and the high was $2,531.00, now trading at around $2,502.00.
The Gold Miners Bullish Percent Index is 82.14.
- The monthly chart for Gold is a hold. We bought in at $1,800.00 in October ‘23 and have held it. It looks overbought but the indicators are mainly positive. (Chart below).
- The weekly chart is a hold. Money is still flowing into gold.
- The daily chart is a hold.
The low for Silver this week was $28.71 and the high $29.96, trading around $29.46 at present.
- Silver on the monthly chart indicates a hold.The signals look neutral to down, but no definitive sell yet. The flow of funds into the metal is picking up. (Chart below).
- The silver weekly chart position is out. The price has recovered above support. Although it looks positive I do not have all indicators in positive territory.
- The silver daily chart indicates buy. It has recovered above support.
Our partner has a 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
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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