John Embry of Sprott Asset Management is one of the really “tuned in” people of the world, in that he knows so much that he actually knows who I am! I know this because when I called him on the phone and said, “Hey! John! What’s the poop about gold and can you loan me a few bucks?” I think he said, “It’s that Mogambo idiot” right before the line went dead. I’ve arrived!
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The Upshot of the Shoot Up in Gold Demand
Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: AMH, Commodities, Dollar Decline, falling gold supply, Featured, Gold, gold demand, Gold News, gold price rally, gold supply, gold supply decline, investing in gold, JMR, LLS, rising demand for gold, rising gold demand, SME, The Mogambo Guru, TTL
Gold and Silver Supply: Get Some While You Can
Adrian Douglas of MarketForceAnalysis.com took a look at a summary of the goings-on at the Comex, and says, “the data reveals a very shocking trend. That is that the registered (dealer) inventory is being drawn down at a phenomenal rate. In silver the inventory has dropped by 24% in 6 months while in gold it has dropped an eye-popping 41% in 6 months!”
[Read more...]Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: CME, Commodities, Dollar Decline, Excessive money Creation, Featured, Gold, gold investing, gold supply, MFN, money supply, precious metals investing, silver investing, silver supply, The Mogambo Guru, VVU, withdrawl to deposit raio
Burning the Economic Toast
Even though I have been drinking so that my speech is slurred after testing some crazy idea that I could drink away my utter horror at the death and dying of the US dollar and economy, history is, on the other hand, being made crystal clear that when a country is so idiotic as to ignore its own Constitutional requirement that money be only made of silver and gold (so as to prevent its over-issuance and thus prevent inflation, The Worst Of All Evils (TWOAE)), and then to compound that stupidity and perfidy by unbelievable over-production of the ridiculously-preferred fiat currency by the foul Federal Reserve mindlessly printing too, too much of it, for too, too long, distorting the economy into an ugly, cancerous, government-centric abomination, that country and its currency are soon toast, which is an unfortunate metaphor because I like toast.
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