Israel to limit the amount of gold and silver citizens can hold. Is this the thin edge of the wedge? No gold or silver, no cash, no crypto’s, no easily tradable assets? Then only totally trackable and controllable CBDC’s (Central Bank Digital Currencies). No way out of the system.
From Health & Wealth Bulletin – Dr David Efrig
The FDIC recently released data showing that unrealized losses on investment securities for U.S. banks reached $512.9 billion in Q2 2024:
- This is 7 times higher than at the peak in 2008.
Do you see any risk here? How crippled is the banking system?
The New York Post has an article saying that US debt is now more than 100% of GDP. As I understand it, over 60% is dangerous, balance sheet debt runs into hundreds of trillions. This is unpayable no matter how it is spun or inflated away.
Our financial system, worldwide, is in deep trouble. It is just a matter of time before we start to see the system collapse. Or the great reset. Deliberate or not?
CPI The continued upward trajectory of the CPI shows no respite regarding inflationary pressure. The 0.5% cut in interest rates adds fuel to the fire.
Expect prices to continue to increase. Expect precious metals, property and real assets to increase in price with renewed vigor.
BITCOIN AND GOLD
BTC:GLD: Bitcoin outperforms gold.
ETHUSD Buy.
BTCUSD: Hold.
GOLD AND SILVER STOCKS
Gold stocks are outperforming gold.
Silver stocks outperform silver.
GOLD AND SILVER
Silver to Gold Ratio
Silver is outperforming gold.
GOLD TO USD
Gold is outperforming the USD but looks overbought so expect a reversal.
A LOOK AT THE GOLD AND SILVER CHARTS
| Today | Last Week | |
|---|---|---|
| Gold Price | $2,678.00 | $2,575.00 |
| Silver Price | $32.49 | $30.85 |
| Gold:Silver ratio | 82.43:1 | 83.60:1 |
| Gold Miners bullish percent index | 85.71 | 83.97 |
| Dollar Index | 100.82 | 101.02 |
| Dow:Gold Ratio (BahaUS 42,104.00 Gold price, $2,678.00 ) | 15.72 | 16.31 |
| Current USA inflation rate (Dept. of Statistics) | 2.5% | 2.9% |
Gold’s low of the week was $2,613.00 and the high was $2,685.00, now trading at around $2,675.00.
The Gold Miners Bullish Percent Index is 85.71.
- Gold Monthly: is a hold. We bought in at $1,800.00 in October ‘23 and have held it to date. It looks overbought but the indicators are mainly positive.
- Gold Weekly: is a hold. Money is still flowing into gold.
- Gold Daily: is a hold. It is looking overbought but we follow the signal. (Chart below).
The low for Silver this week was $30.35 and the high $32.71, trading around $32.31 at present.
- Silver Monthly: Hold. Buy signal taken at $24.00 in March.
- Silver Weekly: Buy.
- Silver Daily: Hold. (Chart below)
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
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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