Silver and Gold had a slightly down and sideways week in fiat price action.
The gold spot price is closing today around the $1,280 US dollar price per troy ounce level, while the silver spot price stayed flat closing this week again around the psychologically important $15 per troy ounce full fiat Federal Reserve note price.
This week we welcome a new guest to the show, one of the most eloquent market commentators on the precious metals markets, Mr. Grant Williams will join us right after this brief word from our show's sponsor.
Welcome to this week's Metals & Markets podcast, I am your host James Anderson of SD Bullion.
With us this week a new guest to the show, the co-founder of Real Vision financial media, also the noted author of the popular TTMYGH newsletter and more than a three-decades-long veteran of the global financial markets.
Based on your public commentary and private newsletter writings you have been a gold bull for some time now. Around what year did this start and why?
Are you more physical bullion long buy and hold investor, or do you also use gold mining shares and derivatives in short or medium term trades?
GOLD: What has surprised you? - What have you learned?
You have been creating educational content on the subject of gold for nearly a decade now and having been down the rabbit holes of gold price discovery, gold mining, even non-bank gold vault storage in Switzerland, etc. You are also consistently interviewing and trading notes with some of the biggest names in the gold industry often.
Over this timeframe, what has surprised you most in your gold learnings?
Your partner at Real Vision, Raoul Pal, is on record stating that poor US demographics and low baby boomer retirement savings are likely going to force the Federal Reserve into more balance sheet expansionism in the next recession.
He is stating they will again cut interest rates and expand their balance sheet (currently the Fed's balance sheet is hovering around a $3.93 trillion level) to beyond an $8 trillion USD threshold (more QE essentially).
We know the fiat US dollar is the reserve currency of the world. It is not an apple to apple comparison. But you began your financial career in the late 1980s Japanese financial bubble.
Are we not facing a similar market intervention play right here right now in the USA? Will we never allow financial markets to entirely clear mal-investments again?
A bullion buyer years before the 2008 Global Financial Crisis, James Anderson is a grounded precious metals researcher, content creator, and physical investment grade bullion professional. He has authored several Gold & Silver Guides and has been featured on the History Channel, Zero Hedge, Gold-Eagle, Silver Seek, Value Walk and many more. You can pick up Jame's most recent, comprehensive 200+ Page book here at SD Bullion.
Given that repressed commodity values are now near 100-year low level valuations versus large US stocks, James remains convinced investors and savers should buy and maintain a prudent physical bullion position now, before more unfunded promises debase away in the coming decades.