Some investors saw the skyrocketing silver price as an opportunity to take profits. The Royal Mint said the value of silver buybacks rose 3,300 percent over the same period last year.
Analysts believe Malaysian officials made the move for similar reasons as Indian policymakers, as countries try to manage their currencies and trade deficits due to rising oil prices.
Host Maharrey challenged what he described as a deeply flawed mainstream narrative surrounding gold, inflation, and interest rates. He argued that repetition does not make an idea true.
Including Maryland, 45 states now fully or partially exempt precious metals from their sales tax, a nationwide trend that has most recently been adopted by Kentucky, New Jersey, Florida, and Connecticut.
The interview also revisited longstanding suspicions that the U.S. government may intervene in gold markets through leasing, swaps, or stabilization programs.
Historically, higher import duties have had a limited influence on official import volumes but have significantly increased inflows of “unofficial gold.”
Nihilism is the belief that there is no truth. Only the convenient lies and deceptions to force one’s will. Governmental nihilism leads to bankruptcies both financial and moral.
Host Chris Marcus sat down with Money Metals President and CEO Stefan Gleason to discuss President Donald Trump’s renewed calls for an audit of the U.S. gold reserves at Fort Knox.
