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Russia’s all-out invasion of Ukraine by air, land, and sea threatens to rattle the global supply chain and disrupt the export of commodities from both countries. At the same time, stringent US and European sanctions on Russia may further disrupt global energy and metal supplies. Ukraine is considered the "breadbasket of Europe", and impacts of the ongoing crisis between both nations is expected to hit the food supply chain. At the same time, Russia is one of the leading suppliers of crude oil and natural gas. Let's skim through the major commodities exported by both nations and the impact of war on the export of those commodities.
At the start of the year, Berkshire Hathaway billionaire Charlie Munger had a gloomy take on where the US stock market is headed this decade in real value terms.
So as we look out to the other building wall of debt and seemingly infinite stimulus about to be imposed into our financial system in the years unfolding.
We thinkers about the future are left to ponder.
How in the hell are were going to get out from the $100s of trillions in unfunded liabilities (debts and promise piles) collectively coming due this decade and into the next?
Neither I nor you can time the expiration date of this misguided yet ephemeral trust in using counterfeit money to pay for record-breaking debt levels and historically unmatched asset bubbles.
But as both history and natural market forces confirm, that trust ends once currencies lose their value and the madness of crowd faith in fantasy is replaced by a mad crowd of broke investors.
Those who confront facts rather than fantasy, however, can prepare for the unfolding of history and math without having to worry about the precise “timing” of what is otherwise inevitable. Toward that end, the historical remedy for the current wave of policy madness has always been the same: Precious Metals.
Key Point: We don’t actually need higher gold prices to make lots of money.
Imagine what would happen if gold did “nothing,” fluctuating sideways for years…
That would mean $1,900–$2,000 gold for quarter after quarter after quarter.
Unless management of the world’s gold producers turn criminally stupid all at once, that would make gold miners a stellar market sector for long enough to attract a lot of generalist investors. That’s all the more so with Berkshire Hathaway’s purchase of Barrick Gold shares appearing to give “Buffett’s Blessing” to gold stocks. Those of us who already own the best producers would be well rewarded.
There’s been little money spent and fewer major gold and silver discoveries made for years. Larger companies will have to take over smaller ones that have made economic discoveries. That wave of takeovers has been held back by COVID-19 this year, but I think that will just make the tsunami all the bigger when it does arrive. Those of us who already own the most likely takeover targets should make a bundle.
Such a stable, relatively high gold price environment would make many marginal projects more robust. Better yet, it would turn already robust projects into prospective cash geysers. Such advanced exploration and development stories should deliver in spades for those of us who already own shares—even in a flat market.
Success in production and development companies would provide the cash needed to fund more high-quality exploration plays. Mines are, by definition, self-depleting assets. All miners know they must explore (or buy other companies that do it). It’s either that or they mine themselves out of business. Even if gold went nowhere for years, I think we’d see an explosion of exploration such as we’ve not had for years. Those of us who own the best explorers would be well rewarded in due course.
Most importantly, silver should be bought for wealth preservation purposes and not for speculation. Therefore it must be held in physical form outside a fragile banking system.
This so called metals correction is a chance to get more and get ready to position with producers and explorers of quality. Metals are currently correcting more than producers and explorers. Futures hold a significant opportunity. The political environment will be a huge trigger. Let’s call it metals mayhem. This is not a joke.
When crime rates explode because of lack of supplies and people start fighting over access to the meager food lines at FEMA camps, THAT will be panic….
by Brandon Smith via Alt-Market
One rule every preparedness expert should go by is to always be concerned when establishment authorities, the media and “shoe shine boys” start volunteering their “expert” opinions on why you should not be concerned about a particular danger. The establishment most likely has an agenda to keep you passive, and the shoe shine boys are simply regurgitating what they hear from the media like good little robots. These people are far too interested in whether or not you are preparing for a threat; in fact they seem hell bent on talking you out of preparation in general. Why is that?
In the past two months I have seen an endless flow of mainstream news stories arguing first, that Covid 19 is nothing to worry, and second, that the public is “in a panic” over the virus. The first assertion is obviously ridiculous. With an official death rate of around 6% in Italy alone, I think we are starting to see what the Chinese government has been trying to hide as they continue to threaten their citizens with punishment for leaking “fake news” (FACTS) on the coronavirus. This event is not something to be taken lightly; it is a paradigm shifting scenario which will change the world forever.
The second assertion seems to be a calculated exaggeration; a form of reverse psychology. Keep telling people they are “panicking” when they are not and maybe they will go to the other extreme and passively do nothing at all just to avoid the label. I have to say, I don’t think people in this day and age know what a mass “panic” actually is, especially if their only point of reference is some empty toilet paper shelves at Costco.
In terms of the stock markets one could say a “panic” has FINALLY ensued as trillions in capital are being wiped out daily, but this does not affect the average person financially in the short term. The stock market matters only in that it is a psychological placebo which keeps people from looking into the deeper problems within the fundamentals of the economy. They see the stock market is doing well, they don’t bother to investigate anything else.
Now that stocks are crashing perhaps the public will look into other more important factors, including historic levels of corporate and consumer debt, the global dollar liquidity shortage and the Fed’s repo crisis, the global plunge in exports and manufacturing, the retail Apocalypse in the US, collapsing Treasury yields, collapsing oil prices, etc. Most of these are problems that existed long before the coronavirus, but maybe now people will start paying attention to them.
These problems will still be lost on the shoe-shine boys, who will continue to call you a “chicken little” for merely taking practical precautions in case of disaster.
A friend of mine was talking with some people at a local gas station about getting prepared just in case supply lines break down during the pandemic. A highway patrolman overheard him and decided to butt into the conversation, smugly telling everyone this is “just another Y2K” and it only kills people over the age of 80. My friend related to me that he tried to present a rational case for why his concerns go beyond just the virus…but the dumb cop just grinned and ignored him.
I had an interesting encounter a few weeks ago myself, when I was surprised to find a box of N95 masks at a hardware store. I went to purchase them to add to my supply and a cashier in a little vest decided to regale me with a long list of reasons why the coronavirus is “no worse than the flu” and there’s nothing to worry about. None of his information was correct, but it’s not really my job to save every all-knowing cashier I come across, so I just told him “I guess we’ll find out in a couple of months…but it’s better to be found prepared than it is to be found stupid.” The box of masks I purchased for $14 is now selling for $100, if you can even find them.
JFK Sr. related a story about how he knew the stock market crash of 1929 was coming when a shoe-shine boy started offering him unsolicited investment tips on the “best stocks” to purchase. He pulled his money out immediately and markets crashed days later. This is what I mean by “shoe shine boys” – These people are a litmus test or warning signal for smarter observers. They represent a focal point of blind optimism and arrogance within our society. They are one of the best contrarian indicators of what you should be doing in the face of a crisis.
The highway patrolman and the hardware store cashier are the same people that will be raging a month from now about how they can’t find anything they want at the grocery store and how they can barely leave the house because of the pandemic spread. They are the same people that will be demanding handouts from others two months from now when the supply chain has completely broken down. All they had to do was stock extra supplies of goods they normally use anyway, but they are more interested in being the “smartest guys in the room”.
This past week, government welfare leach Elon Musk decided to do some pandering for his globalist masters with a Tweet about how “coronavirus panic is dumb”. The special guest attendee of the World Government Summit knows full well what all this is about. It is the job of gatekeepers like him to try to convince the public to be as inactive as possible in the face of a legitimate threat. It’s not only about the virus, which Musk has no understanding of whatsoever; it’s also about the economic collapse that is occurring in the background of the pandemic.
How much do you want to bet that Musk has a grand emergency bunker of his own in case the worst happens? Most of his elitist buddies have them. But you trying to prepare? You’re dumb and panicky…
What we are witnessing is not panic, it is preparedness, and on a relatively subdued scale at that. People stockpiling essentials for emergency situations is something that should be an American mainstay – a way of life. Already the phrase “hoarders” is being used in the media to label such people, so you can see where this is all headed.
When REAL panic ensues you will know it. When the public can’t find an open grocery store, then you will see panic. When there are checkpoints in and out of major metropolitan areas stopping people from leaving if they have any symptoms of illness, then you will see panic. When Covid-19 continues to circulate through the population for a year or more and does not disappear during the summer months as some people theorize, get ready for anger and panic. When your local banks announce a financial “holiday” for an unspecified amount of time because of a credit crisis and lack of liquidity, and all the ATMs are shut down, then you will see panic. When crime rates explode because of lack of supplies and people start fighting over access to the meager food lines at FEMA camps, THAT will be panic.
And don’t think for a second that this is not possible in this country, because it absolutely is. All it takes is for the global supply chain to break down for one month and there will be chaos like nothing the average person has seen in their lives.
Examples are already starting to materialize. A reader of mine with inside information on Walmart corporate office decisions has recently told me that individual Walmart stores will no longer be able to order stock from warehouses (distribution centers); they will still be sent trucks randomly, and those trucks will only carry what the warehouses happen to have on hand at the time. In other words, Walmart stores will soon have huge holes in their inventories due to the supply chain breakdown.
This might be limited only to Walmart, but I suspect not. The supply chain crisis will probably develop slowly relative to the pandemic situation, in the span of a couple of months, but there are certain items that will disappear rather quickly. For example, there is a legitimate threat of a drought in medicines and pharmaceuticals in the US as Chinese manufacturing has not come back on line. There are also concerns that China may “weaponize” US dependence on their medical manufacturing and deliberately withhold shipments. I would stock any essential medications and over the counter drugs you might need now.
If you want to see real panic, just wait until the nearly 50% of Americans on at least one medication can no longer get their prescriptions filled. Wait until people who are physically dependent on their supply of insulin or heart medication can’t get any. This is not a joke. It is not something to sneer at or look down our noses at.
My purpose here is not to frighten readers, but to put things in perspective and prepare you for what is coming. Lack of toilet paper in Costco is a minor inconvenience. Empty grocery stores and unfulfilled prescriptions is a nightmare.
The way to deal with this is simple – Prepare Now. Don’t listen to frauds like Elon Musk or the mainstream media when they accuse you of being a “hoarder” just for stocking supplies you would have normally purchased and used anyway over a longer period of time. There are only two reasons to discourage the public from prepping for a disaster:
1) Because the establishment is packed with idiots that do not like people breaking with the status quo and they want to maintain the illusion that all is well even at the expense of human lives.
2) Because the establishment wants to keep the masses as unprepared as possible so that as the disaster accelerates they will be unprepared and desperate, and thus easier to control with promises of government “aid” when the time comes.
Take your pick. I’m not sure which one is worse, but given the evidence of past elitist engineered crisis I’m going to say #2 is the true reason behind all of this. As I predicted in my article ‘The Psychological Warfare Of Economic Collapse’, published in 2018:
“Forcing the public to embrace worldwide centralization would require several measures. First, the current system, which as stated is designed to fail, would have to be allowed to crash. Second, the crash would have to be blamed on someone other than the globalists and their ideology of globalism. Third, philosophical opponents of globalism (i.e., conservatives, nationalists and decentralization activists) would have to be demonized or eliminated so that the globalists can build their new world order without opposition. Fourth, the population would need to be sufficiently traumatized to the point of psychological submission and desperation, so that when the new system is introduced, they will be grateful for it, thus preventing future rebellion by making the public a willing cooperator in their own enslavement…”
And, as I noted in my article ‘Globalists Only Need One More Major Event To Finish Sabotaging The Economy’, the Everything Bubble has been so precariously inflated that any freeze in liquidity will bring it tumbling down. That event has now happened and we are witnessing the implosion of the bubble in real time.
The goal here is to conjure maximum chaos. This is why the mainstream media, the White House, the CDC and the WHO have all been consistently downplaying the pandemic threat until the past week. This is why they are now trying to “shame” people who go out and prepare by accusing them of “panic” and calling them “hoarders”. This is about keeping the public in check and immobile until the REAL panic happens, and by then it will be too late for them.
I want to commend the people who stuck with me and the message of preparedness for the past several years despite the ever present “skeptics” and naysayers. We were right, they were wrong. A collapse on a national or international level was not a “paranoid” fear – it was happening in stages under the surface, and all of you were smart enough to see it coming. But now comes the hard part; how to respond?
Be sure to surround yourself with other prepared people of like mind. Be sure you are not surrounded by the shoe-shine boys who will claim they are entitled to what you have. Don’t support martial law and the subjugation of constitutional liberties no matter what rationale the establishment gives. They were the people that dismissed the pandemic threat for at least two months, they are not to be trusted now. Finally, understand that survival is a means to an end, it is not the only goal. The job of maintaining the principles of freedom for future generations falls on our shoulders now. This is far more important than mere survival.
For now, just make sure you have your preps squared away. My rule is, always plan for the worst case scenario. This is why I am not personally “panicked” by the Covid 19 crisis. This is why many people I know are not particularly panicked. One does not panic when one is prepared.
At the time, it would have been silly to make any specific predictions about what the price would go to on a specific timeline. But it was correct to acknowledge the long term, physical precious metals hold their value.
You hardly have to worry about losing value in silver, as long as you didn’t mind waiting. But one indicator in 2009 said you probably wouldn’t have to wait long.
Silver was trading at a ratio of 70:1 to gold, meaning people were paying 70 times as much for an ounce of gold, compared to one ounce of silver.
Over the last century or so, the ratio has historically hovered around 50:1.
And over the very long term, it’s been more like 16:1.
By 2011, the price of silver reached almost $50 an ounce, and the silver to gold ratio hit 32:1.
You could have sold silver bought in 2009 for a 385% gain.
It’s not that you want the cash… long term, precious metals are still a better place to store a good chunk of your wealth.
But when you sell high, you can reload your silver position after a correction in the prices of precious metals, and scoop up more silver at a much lower price. You keep the difference.
And with the silver to gold ratio back below 50:1, chances are good that the price is peaking. And indeed, the price of silver did drop… and continue diving.
A couple of months ago, the price of silver got down as low as $14.34 per ounce.
At the same time, gold was around $1,270 per ounce. The silver to gold price ratio was 89:1.
It hasn’t been that high in almost thirty years. And that indicates that it’s once again time to be bullish on silver.
Today, as of this writing, with gold around $1,500 and silver about $17 per ounce, the ratio is still looking nice, around 88:1.
And keep in mind that gold is also rising. For the gap to close so one ounce of gold is worth 50 ounces of silver means silver would increase by quite a bit.
Now to be fair, the ratio could also close if the price of gold plummets, instead of silver increasing.
But most indicators say gold is also setting up for a bull run, after languishing for about seven years.
For one thing, the USA is $22 trillion in debt, and buyers of that debt are already slowing down.
Ultimately, the government may force the Fed to buy more of its debt, which would likely drive up inflation, or risk a default.
That’d be bad news for theUS dollar.
Precious metals are a perfect hedge in a world where central banks manipulate the currency.
But there’s another, almost inevitable reason to believe the price of gold is going to go up from here… and that’s supply and demand.
Large mining companies just aren’t pulling as much gold out of the ground as they used to. Gold’s been left for dead by investors, and mining companies have had to cut exploration costs just to survive.
In the 70s, 80s, and 90s, gold deposits of 50 million ounces or more were found at least once per decade. And deposits of 30 million ounces or more were discovered about ten times per decade.
But in the last 15 years, there have been no gold deposit discoveries of 30 million ounces or more.
Now with the price ratio of silver to gold at 88:1 you would expect them to be pulling 88 times as much silver out of the ground compared to gold. After all, scarcity is a major aspect of the prices of these precious metals.
But the actual ratio of silver to gold being extracted is 9:1.
That means that:
*Gold is likely to go up because of scarcity and a rough road for the US dollar *Silver prices are likely to adjust back to a 50:1 ratio with gold, if not better *The price of silver is around the lowest it’s been in years, and gold just started to tick up *The new supply of these metals is the lowest they’ve been in years *That says it is time to hedge some of your wealth, and buy precious metals– especially silver if you are looking for more upside potential.
But keep in mind that even though silver and gold are practically guaranteed to hold their value in the long term, that growth is not linear.
Remember, these aren’t predictions about specific prices at specific times. These are long term trends.
If you had bought silver in 2011 you’d be sitting on a 71% loss today.
But thousands of years of history tell me that even if you bought silver at the peak, you will eventually recoup those losses.
Of course, I much prefer to buy at really low prices. And right now, the price is right.
VANCOUVER, Sept. 4, 2018 /CNW/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern Dynasty" or the "Company") advises that the United States Army Corps of Engineers has released the Scoping Document for the ongoing Environmental Impact Statement ("EIS") assessment of the Pebble Project. This EIS process is an integral part of permitting the Pebble Project under the National Environmental Policy Act ("NEPA").
We would also like to announce that Northern Dynasty will be presenting at the H.C. Wainwright Global Investment Conference at 11:40 am EDT on September 6, 2018 (venue is The St. Regis Hotel, New York). This webcast presentation can be accessed for 90 days at: wsw.com/webcast/rrshq28/nak/
Close to 9 years ago or so, this was selling above $20/share and has been a penny stock for so long...
Jim Rickards discusses Why the Third Great Gold Bull Market is on the way. The U.S. Debt Bomb is at 105% to GDP Ratio and will only go higher. He asks's why are interest rates going up? Rising Deficit equals global financial meltdown.
Silver is a well-known factor, when aiming for zinc. If we take a look at the property next door - there silver ratio where high. So the name of the company is somewhat misleading, the indication of silver as well as zinc is famous in this area.
Kootenay Zinc, is hot again. Take a look at the trading pattern lately - you will see the technical indication; "strong buy".
Now is the time they can start deliver news again; there has not been much drilling there lately, beacause of the weather conditions.
The season for work on the property is off and now we will see a strong anticipation - I reckon some "older" investors will be back again, as well as new ones will arrive for this mega project; get the zinc-jackpot !
With the experience from last season, I think they know much more now. It takes time to get to know all of the property - and each time you drill a new hole... it`s not cheap, lucky for us they are well financed and ready to get down to it.
According to this work, oil and copper in confirmed bull mode while gold is confirming its' bullish breakout... I think it's coming... just slower than anyone wants.
The gold rally that began on Dec. 15, 2016, is poised to continue despite the trauma of the flash crash. The crash represents a gift to investors. We now have a better entry point for what will still be much higher gold prices later this year.
$UURAF Ucore Rare Metals Inc., a junior exploration company, engages in the exploration of rare earth elements in Canada and the United States. It primarily holds a 100% interest in the Bokan Mountain/Dotson Ridge property located on Prince of Wales Island, Alaska. The company was formerly known as Ucore Uranium Inc. and changed its name to Ucore Rare Metals Inc. in June 2010. Ucore Rare Metals Inc. is headquartered in Halifax, Canada.
$UURAF Ucore Rare Metals Inc., a junior exploration company, engages in the exploration of rare earth elements in Canada and the United States. It primarily holds a 100% interest in the Bokan Mountain/Dotson Ridge property located on Prince of Wales Island, Alaska. The company was formerly known as Ucore Uranium Inc. and changed its name to Ucore Rare Metals Inc. in June 2010. Ucore Rare Metals Inc. is headquartered in Halifax, Canada. http://finance.yahoo.com/quote/UURAF/profile?p=UURAF
I thought I would put today in perspective for those throwing in the towel on gold and silver. 23,000 silver contracts were sold in just a few minutes this morning. This equates to 115 million ounces. For perspective, there are only two countries in the world that produce this much in one year, Mexico and Peru. China roughly produces 115 million ounces but the production is not normally sold onto world markets.
Looking at this from a “company” perspective, no single company even comes close to producing 115 million ounces. In fact, the three largest silver producing companies in the world, Fresnillo, KGHM Polska, and Goldcorp only produce about 125 million ounces combined over a year’s time.
Today’s action, selling 115 million ounces of silver is an impossibility in any “real world” governed by any real rule of law because of the above production numbers. As I have said for years when these raids occur, “no one has this much silver to sell, and no one would be stupid enough to sell in this fashion if they were trying to get the best price possible for themselves or their client”.
What you witnessed today was an act of total desperation not to mention stupidity. “They” have absolutely tipped their hand and done something so obvious and egregious that they have probably ended their own “game”. You should understand one thing and one thing only from today, buy as much physical silver as you can possibly afford and have it delivered out to you or a non bank vault.
I say this because “game over” has arrived and the day is quite near when gold and silver will not be attainable at any fiat price. They will be bid with no offer. Ask yourself a couple of very simple questions. Could anyone enter an order to purchase 100 million ounces of silver and actually have it filled and real silver delivered? During a time of stress in the financial system, how many different individuals/corporations/money managers/countries have the ability to swing a $2 billion trade? 1,000? 10,000? More? Money is sloshing around a system with no foundation and stumbling like a drunk with a .3 blood alcohol level, all that is needed to completely wipe out and default these paper markets is “pocket change” to many, many entities. “Fear” will be the initial trigger, what do you suppose the emotion will be when it is understood gold nor silver is available for purchase? Please use your God given common sense, what was done today is not a possibility if the market was real, it is not!
Your skills, knowledge and social capital will emerge unscathed on the other side of the re-set wormhole. Your financial assets held in centrally controlled institutions will not.
A reader of mine recently asked a question every American household should be asking: which assets are most likely to survive the “system re-set” that is now inevitable?
It’s a question of great import because not all assets are equal in terms of survivability in crisis, when the rules change without advance notice.
The reality is thatAmerica is now dependent on multiple asset bubbles never popping — something history suggests is not possible.
It isn’t just a financial re-set that’s inevitable — it’s a political and social re-set as well.
Several key dynamics are driving a system reset. Earned income (wages) as a share of GDP has been falling for decades: this means labor is receiving a diminishing share of economic growth. Since costs and debt continue rising while incomes are declining or stagnating, this asymmetry eventually leads to insolvency.
The “fix” for insolvency has been higher debt and debt-based spending—in essence, borrowing from future income to fund more consumption today. But each unit of new debt is generating less economic activity/growth. This is called diminishing returns: eventually the costs of servicing the additional debt exceed the increasingly trivial gains.
What happens when the bubbles pop, despite massive central bank/state interventions?
The entire socio-political/financial system goes through a “system reset” in which all the fantasy-based valuations, political denials, false promises and fraudulent claims collapse in a heap.
In a crisis, the privileged Elites will change the rules in a desperate attempt to expropriate the income and wealth of the bottom 99.5% to preserve their own power.
The trick is to do so in ways that won’t spark an immediate political insurrection.
We can better understand their policy choices by asking: What’s easy to expropriate, what’s difficult to expropriate?
Those assets that are easy to expropriate will be expropriated first. Those that are difficult to expropriate are far less likely to be grabbed, due to the high costs of expropriation and the high risks of sparking a political insurrection.
History suggests the privileged Elites will pursue two basic strategies to expropriate the income and wealth of non-elites:
1) They will expropriate what is easy to expropriate: financial assets in centralized institutions the state controls: banks, brokerage accounts, insurance policies, etc.
2) They will use the time-honored “stealth expropriation” methods: inflation and taxes. Any “money” held in a centrally controlled institution can be expropriated overnight. The rules will change without warning, so there will be no opportunity to escape the system.
Direct expropriation takes many forms. Your funds could be “bailed-in” (transferred to the bank). Large currency bills could be declared worthless. IRA and 401K accounts could be transferred into government bonds, to “protect the account owners from risky investments.” (Naturally, any expropriation will be presented as “for your own good.”)
Or a new currency could be issued that strips away 90% of the purchasing power of the old currency. It could be a New Dollar, an SDR global currency, or a state-issued cryptocurrency. The point is to strip away 90% of the wealth held in the old currency.
Indirect “stealth” expropriation has several forms: slow currency devaluation, also known as inflation, or higher taxes and junk fees (not called taxes, but you receive no additional value for the higher fees).
The end result of these policies is you may receive the $2,000 monthly pension you were promised, but after inflation, currency devaluation and taxes, your real purchasing power is $100 in today’s currency.
So what’s difficult to expropriate?
I present some answers in my books An Unconventional Guide to Investing in Troubled Times and Get a Job, Build a Real Career and Defy a Bewildering Economy.
It’s impossible to expropriate one’s skills, experience and social capital. These are intangible forms of capital and so they cannot be confiscated like gold, currency, land, etc.
Land and homes are difficult to expropriate for two reasons: private property is the backbone of capitalism and democracy, and the state confiscating private property would very likely spark a political insurrection that would diminish or threaten the power and wealth of the privileged Elites.
Secondly, it’s very costly for the state to maintain the productive output of real property it has confiscated. Guards must be posted, sabotage repaired, and the immense difficulties of coercing a rebellious populace to continue working what they once owned for the benefit of the state and its privileged Elites must be solved and paid for.
The state can expropriate farms, orchards and workshops for back taxes (or some similar extra-legal methodology), but how do you force people to work these properties productively?
As a general rule, whatever the super-wealthy own will be protected from expropriation. Private real property is the foundation of the Elites’ wealth, and while the land of debt-serfs may well be confiscated for back taxes (the wealthy will buy exemptions from rising taxes), those who own land and buildings free and clear constitute a political force to be reckoned with.
But there’s one other asset the state and its ruling Elites cannot expropriate: community.
The state will also have difficulty confiscating assets that are outside its reach.This explains the popularity of owning assets in other nations, and the debate over cryptocurrencies: will states be able to confiscate all cryptocurrencies at will, or is that technically unfeasible?
The main takeaway is this: your skills, knowledge and social capital will emerge unscathed on the other side of the re-set wormhole.
Land and real property you own free and clear (no debt) is likely to remain in your possession, as long as you can pay soaring taxes/junk fees during the crisis phase.
Your financial assets held in centrally controlled institutions will not make it through unscathed; they are simply too easy for central authorities to expropriate.
Let’s talk about gold. But not in any way you’ve likely read about ever before.
You know everything there is to know already, right?
That gold has been real “money” for all of human history…
That Gold is scarce; it has unmistakable properties; and it does not rust, wear out or fade…
That even in today’s crazy Trump market, gold is one of the only “safe-haven” assets.
But forget about what you know about gold right now. Because gold has the potential to do much more than just protect wealth…
That’s because its unique properties extend way beyond what’s obvious to the naked eye.
In this particular industry, gold will create wealth… and make investors rich.
The industry I’m talking about is biotechnology.
Believe it or not, gold is an excellent delivery vehicle for a variety of biotech-related applications, since it has the ability to take up and hold proteins on its surface.
It can carry everything from genes to stem cells. As a plus, gold isn’t rejected by the human body.
Because of this, gold could be revolutionary in the treatment of disease.
I’ll get to that in a moment. But first, before gold can treat you, you have to be diagnosed…
…And I believe gold will completely transform the multibillion-dollar diagnostic market forever.
Instead of waiting days or weeks for an expensive blood test done at a lab, you will be able to have an answer to your health-related question in a matter of minutes — in your very own home.
It’s currently in the works. And since early detection is key to curing many diseases — including cancer — in-home, gold-enabled diagnostic technology will help save countless lives.
The use of nano-sized gold particles to detect cancer could be a major leap forward in the all-important world of diagnosis…
…But as I mentioned earlier, we could see the same minute gold particles revolutionize cancer treatment.
Gold’s chemical configuration has captured the imagination of biotech researchers. It is being closely studied in university labs around the world. One day, it might even help cure cancer.
Researchers at prestigious institutions like the Mayo Clinic, the MD Anderson Center, Rice University, the Georgia Institute of Technology and more have all been figuring out how to kill cancer cells using gold nanoparticles.
Essentially, scientists coat tiny particles of gold — as small as 60 billionths of a meter — with antibodies that bond easily to cancer cells.
Once injected, they attach themselves to the cancer cell, where the gold naturally migrates inside the cell. From there, doctors can hit the gold concentrations with a laser that destroys the cancer.
What about cancers hiding where lasers can’t read? They’re working on that, too. One potential method is to “load” the gold nanoparticles with a toxin that will only be triggered once it has entered a cancer cell.
The point is, gold may be the “magic bullet” for detecting and surviving cancer. I guarantee that’s the biggest secret application of gold you’ve never read about.
And while this research is still in its earliest stages, it’s the foundation for huge fortunes for early investors.
"When I was Chair of the Federal Reserve I used to testify before US Congressman Ron Paul... we had some interesting discussions... We would never have reached this position of extreme indebtedness were we on the gold standard, because the gold standard is a way of ensuring that fiscal policy never gets out of line."
“A lot of the companies have moved out, they don’t make the drugs in our country anymore. A lot of it has to do with regulation, a lot of it has to do with other countries taking advantage of us with their money and their money supply and devaluation. Our country has been run so badly, we know nothing about devaluation; every other country lives on devaluation. You look at what China’s doing, you look at what Japan has done over the years, they played the money market, they played the devaluation market and we sit there like a bunch of dummies, so you have to get your companies back here.” – President Donald Trump, January 31, 2017
If you were on the fence about whether to invest in the precious metal miner sector, or add to your miner position, just cut this quote out and tape it to your computer monitor.
Gold made a monthly close above $1200 per oz. soon after this statement. I believe this level will hold on a monthly basis going forward as this new gold bull could heat up with the Trump Era currency war just beginning.
While the above quote is directed at the Yen and the Yuan, the Trump administration is also going after Germany, as Trump trade adviser Peter Navarro this week stated the "grossly undervalued" euro served as a currency for Germany alone, allowing the country to "exploit" the United States and others.
After just two weeks in office, Donald Trump has already shaken up the global landscape with an Executive Order on Interior Immigration Enforcement. While the liberal US media continues to stir the pot of dissention among the American citizenry, we even have former President Obama effectively setting up a shadow government declaring he now supports all the protests against Trump.
As the political landscape becomes more uncertain, the safe haven trade should continue to benefit the precious metals sector while the ongoing currency wars will likely add more fuel to the new precious metal bull market.
While the “US Dollar is too strong” rhetoric continues from the new US Administration, the record long hedge fund position from last month in the US Dollar continues to unwind. This is bringing more longs into bullion as the very important 100 level on the USD Cash Settle Index has now been broken, even before a dovish Fed voted 10-0 to leave rates un-changed this week. Uptrend line support is at 97 on the index and could possibly get there on this move down, which began on the very first trading day of the year.
I am now looking for gold to hit the $1250-$1270 area on this move with the GDX possibly hitting 28-30 before a correction of 15-20% in the index takes place. Sentiment in the sector has remained weak as the miners continue to climb a wall of worry, while leading the gold price higher. Many of the quality miners have been breaking out of individual consolidation patterns as well during this rebound off of strong support in the GDX at $22.50. As mentioned a few weeks ago in this column, I believe $1225 gold should get the GDX to the $25 region. A weekly close above the $25-$26 level in the GDX and $1225 in gold will further solidify the case for a major bottom being in place for the sector.
By the time this missive is posted, we will have the results of the first Non-Farms Payroll Report (NFP) of the year, published at 8:30am EST, an hour before the market opens on February 3rd. The NFP often has an oversized impact on the precious metals as traders try to price in the timing of the next Fed rate hike based on the information from the jobs created in January. The ADP number, released on Feb. 1, was very strong so chances are we could get an equally strong NFP as well. If so, after the dust settles from the computer algorithm based trades, I believe weakness should be bought in your favorite precious metal miners. The Chinese market also comes back over the weekend after being closed this week for the Chinese New Year festivities.
If you concentrate on investing in the quality miners which own or control large deposits with district scale land packages and are economic at $1200 gold, you should do very well going forward into the next decade.
By David Erfle Contributor to Kitco News newsfeedback@kitco.com
NEWC NEWS! >> .50!?>HUGE>>>>> As many of you know here on this board there are multiple awesome thing coming from NEWC in the very soon future. One of those Items I expect Friday or beginning of next week.
In here I will try to explain to the new people why many of us are longs in NEWC and going to probably retire off the stock AND WE BELIEVE SHORTING IS THE WORST IDEA for this stock
*NEW EMAIL FROM JOHN ON 2/3/2017 To individual* “The 10K is still in review, the auditors keeping coming up with adjustments and back and forth with accounting firm. The good thing is it will be easy to get the 2016 out since all of the agreements for 2016 are listed in the subsequent events of 2015, therefore, we need to just input the 2016 financials and should be done in short order. I'm going with Deloitte right here in Barranquilla going forward for 2017, it's easier since they understand accounting in both countries and are exactly what we need.
I don't have a lot of time so I'm pasting an email from another shareholder with the same concerns.
Thanks, John
Mr. xxxxxxxxx
Your questions are answered below..
Additionally I'd like to add a few things. Manipulators are screaming scam, to make you feel better, let me share a few things. Here is a letter from the President of Colombia, winner of Nobel Peace Prize, asking his Minister of Health to work with us on our marijuana project. Would he write a letter to me and his Minister if we were a scam? https://drive.google.com/open?id=0BxSKP5j2FlseMUE0V01iNkZqZGcHe
Below is a recent article in Bogota's El Tiempo, one of the largest newspapers in Latin America, reporting on our coal project. They have reporters all over the country...go to the middle of this article and see New Colombia Resources, in Colombia we're known as NCR. FYI, we have support from the whole country, from the President to the people. I take this responsibility very seriously, for both my country and shareholders.http://m.eltiempo.com/economia/empresas/las-movidas-empresariales-con-las-que-inicia-el-2017-en-el-pais/16790902/1?stopmobi “
TRANSLATION SUMMATION OF THE DOCUMENTS RELEASED BY NEWC BY A FRIEND OF MINE
"The company has obtained license from Colombia to be able mine in Cucuta. The documents provide very detailed information on the description of land, how to construct/dig in certain zones of the land due to trees, types of rock,etc. Results of Analytical reports of the amount of coal reserves and resources on the land. The documentation provides what will be done on the land as well as the contracts for its labor workers and the type of construction that will be made such as tunnels.
This is basically what every mining company is supposed to provide to be legit and professional and complying with laws of Colombia. There are hundreds of pages of information of the land, legal rights, analyzed reports of the land , how to dig where to dig etc"
Believe me, dont believe me, i dont care. this is what my friend tells me the google docs are saying. 10K Release - VERIFIED it is due ANY minute - 2.5 to 3 cents (Depends how many watching stock at current time) AUDITORS HAVE BEEN PAID IN FULL !!! NEWC TESTIMONIES ALL WITH FULL KNOWLEDGE OF THE 10K LATENESS and yet I'm long NEWC go *NEWC
Independent Auditors MaloneBailey, LLP 10350 Richmond Ave. Suite 800 Houston, TX, 77042 United States
TRADITIONAL FINANCING! - 10 to 15 Cents On top. (within next 4 weeks)
FDA submit - Will rise the share anywhere from 15 Cents to 50 cents (huge margin) (within next 2-3 weeks)
OPINION: I Believe there will be a second FDA submission afte3r the first ! Mine permit for secondary Mine - 5 to 10 Cents gain on top of current price. (within next 2 weeks) Mine starts at Blue Gem - 30 to 50 cents
Mine starts for JV - 25 to 50 Cents gain on top of current price. (right before end of first quarter)
Coal Delivery - 10 cents on top (April)
900M Coal contract Janurary 2018 - $ Third coal mine (Yes if anyone didnt catch that in the PR to start with partner - 10 to 20 cents on top of what would be current price (Beginning 2nd Quarter or Mid)
Now lets clear this "FBI" thing up really quick.... LOL.
NEWC has done much and everything that they have done and are doing CAN BE VERIFIED though 3rd party companies and partners. Many and much DD has already been done.
NEWC has taken the last couple years to draw their business up to this point, this whole time this has been the moment that has been looked at in the past and everyone has been waiting for. GREAT JOB NEWC! Everything is happening so fast and coming together very nicely! Keep it up !
$LYSCF Lynas Corporation, together with its subsidiaries, engages in the exploration, development, mining, and processing of rare earth minerals in Australia and Malaysia. The company holds interest in the Mount Weld project in Western Australia. It also owns and operates Lynas advanced materials plant located in Malaysia; and Mt. Weld concentration plant located in Western Australia. The company is headquartered in Kuantan, Malaysia. https://finance.yahoo.com/quote/LYSCF/profile
$UURAF Ucore Rare Metals Inc. #RareEarths , a junior exploration company, engages in the exploration of rare earth elements in Canada and the United States. It primarily holds a 100% interest in the Bokan Mountain/Dotson Ridge property located on Prince of Wales Island, Alaska. The company was formerly known as Ucore Uranium Inc. and changed its name to Ucore Rare Metals Inc. in June 2010. Ucore Rare Metals Inc. is headquartered in Halifax, Canada. http://ucore.com/
There is no better store of money than in Gold and, especially, Silver because Silver has been soooo undervalued for soooo long... And there are shortages from time to time that are quite obvious... Prepare for that reality... research to verify. We know that opportunity is hidden in crises.
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