Maharrey makes clear that his role is not to promote precious metals blindly but to interpret conditions as they are. Right now, sentiment rather than fundamentals is driving the market.
Here was a surprising little jolt: the US Treasury announced that the United States is insolvent! That’s not surprising as a fact. We could all see it coming for years.
If you watch gold’s price movement in recent days, you’ll find that it tends to be up modestly during Asian trading hours, with the big selloffs occurring when North American markets open.
So whilst today’s gold and silver prices may appear to contradict the traditional case for gold and silver, the underlying forces supporting that case remain very much in place.
Will any mainstream news organization ever acknowledge this purpose regarding the United States, its allies, and other major powers and begin posing critical questions about it?
It’s not unusual to see gold fall in the early days of a crisis. As the World Gold Council pointed out, gold plunged in the early days of the 2008 financial crisis and the pandemic.
War allows governments to increase spending, taxes, and regulations in order to feed the war machine. Wars can justify measures that remain in place long after the wars end.
Host Maharrey and Chris Powell discuss the gold and silver markets, government intervention, and what it all means for investors navigating today’s volatile environment.
