According to the World Gold Council, the festival season started on a “positive note” with anecdotal evidence indicating healthy demand for both physical investment products and jewelry.
Maharrey interviews Axel Merk, covering the metals selloff, the recent silver squeeze, thin market liquidity, stress in private credit and why the U.S. Dollar Index can mislead investors.
Being unable to get foreign suppliers to pay much of the cost by compensating with price reductions on their end, the tariffs have amounted to a massive new corporate tax.
Sure enough, while the inflation rate did creep up a notch, it did not go up as much as expected by economists, who were largely predicting tariffs would increase inflation.
Those listening to the “experts” already missed a move from 2000 to 4000. They’ll probably listen again as the bears come out at the first sign of a (much needed) gold correction.
It is tempting to describe gold and silver as outside the system, but that is not quite right. They are part of human civilisation precisely because they record its behaviour. Gold measures trust in institutions. Silver measures the material intensity of progress.
It’s not just the US, China, and Japan that have debt issues. It’s a large portion of the developing countries, and especially Europe. When we do have a sovereign debt crisis, it is not going to be isolated to just one or two countries.
