This compilation of financial-related insights includes videos from Steven Van Metre, Palisades Gold Radio, Liberty and Finance, and SD Bullion.
Steven Van Metre starts with warning that an economic tsunami is about to strike. Bob Coleman, Steve St. Angelo, and Jaime Carrasco joins Palisades Gold Radio to discuss how we’re one recession away from a dramatic Dollar drop. David Rhodes joins Liberty and Finance to talk about the weakness of the US Dollar amid the new BRICS currency rollout. SD Bullion mentions that more US downgrades are coming.
Steven Van Metre
Aug 4, 2023
An Economic Tsunami is About to Strike (And Why It Means We’re on the Brink of the Next Crisis)
Palisades Gold Radio
Aug 4, 2023
Bob Coleman begins the conversation by discussing the collapse of premiums and lack of sentiment in the market causing buyers to become disillusioned. Prices are decreasing across the board, making production upgrades increasingly difficult. The US Mint is not supposed to produce profit, however, large merchants such as APMEX are still charging premiums to small buyers.
Steve St. Angelo explains how the gold and silver markets have transformed over the past twenty years. ETFs now hold a lot of silver and industrial demand is very low. It’s mainly institutional demand driving the price and when that shifts it will move. Blackrock is the largest holder of PSLV.
Advertisement
______________________________________________________
Steve believes we are heading towards an energy cliff that will cause inflation. Stocks, bonds, and real estate may fall affecting institutions who will invest in alternatives. Silver is on sale around the twenty mark according to Bob. Steve notes that the dynamics in the metal production industry are rapidly changing.
Jaime Carrasco explains why he likes silver, noting price is correcting the imbalance between silver and copper. The US dollar will be weak due to a reduction in trade associated with the BRICS objectives. This will remove the m----------n of gold and silver. Steve later discusses the energy problems looming.
Liberty and Finance
Premiered Aug 4, 2023
The US dollar could collapse, says David Rhodes, Executive Chairman of Empress Royalty. As the BRICS+ nations roll out their new currency, dollar demand is likely to decrease. Many people believe holding gold and silver is imperative to prepare for dollar weakness. Rhodes explains how Empress Royalty gives exposure to the precious metals.
SD Bullion
Premiered Aug 4, 2023
Advertisement
______________________________________________________
The United States debt was downgraded to AA+ from AAA by Fitch, who cited fiscal deterioration, high & growing gov’t debt burden, & erosion of governance relative to AA & AAA rated peers over last 2 decades that has manifested in repeated debt limit standoffs & last-minute resolutions.
A bit of historical context to wrap our minds around this news and ongoing debt escalation.
It took the United States 209 years to accumulate its first $1.8 trillion in debt by the year 1985.
But after this latest debt ceiling deal, the nation added $1.8 trillion in debt in a mere matter of 2 months.
So a growing Federal debt sum that took over two centuries to pile up rollover, has recently taken merely two months to match in nominal debt escalation.
That will be all for this week’s SD Bullion Market Update.
As always to you out there, take great care of yourselves and those you love.
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © Dinar Chronicles
