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17 Reasons Why You Should Own Gold

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Posted by Gary Christenson - The Deviant Investor

on Thursday, 20 April 2017 09:01

 

  • Gold has no counter-party risk in a 2008-style crash.
  • The continual devaluation of the US dollar is inevitable.
  • Gold will eventually return to its true historic role as money.
  • The destruction of government balance sheets, continual devaluations, and the widespread implementation of zero interest rate policies probably will result in hyper-inflation.
  • Central banks are nearing an inflection point where they no longer can supply the gold necessary to prevent rising gold prices.
  • Gold has survived governments, leaders, parliaments, central bankers, economic stupidity, graft, corruption, and wars.
  • Investment demand for gold is rapidly accelerating. The western world is in the early stage of a panic and “gold rush.”
  • There is growing recognition that many paper gold products are not backed by physical gold.
  • Mine supplies are not anticipated to rise for several years, if at all.
  • Eastern Central Banks are accelerating their purchases of gold.
  • Skepticism about official U.S. gold reserves is increasing.
  • Large short positions in futures markets must be reversed or “cashsettled.” (The paper suppression game cannot continue forever.)
  • Gold prices are climbing from their December 2015 low in an established bull market.
  • Up to $10 trillion (Doug Casey) in U.S. dollars may return to the U.S. and create dire inflationary consequences if global confidence in the dollar fades due to war, politics or economic policies.
  • A derivatives disaster is likely. Counter-party risk will rise again!
  • Long after most fiat paper and digital currencies have disappeared, gold will be used as money or backing for currencies.
  • Gold will rise to $10,000, or far more, depending upon government and central bank devaluation policies. Expect $10,000 in years, not decades. Read: “Buy Gold Save Gold! The $10 K Logic.

(This list was edited and adapted from an email blast by Tom Cloud).

....related: 

An In Depth Look at the Precious Metals Complex

 



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Personal Finance

Why You Will Lose Your Job In The Next 5 Years, And What To Do About It

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Posted by Mad Hede Fund Trader via Seeking Alphavia Seeking Alpha

on Tuesday, 18 April 2017 07:00

tesla-assembly-lineSummary

Artificial intelligence and automation is accelerating far faster than anyone realizes.

It is all extraordinarily disruptive.

This will cause corporate profits to rocket and share prices to soar, but at the price of higher nationwide political instability.

Yes, it's happening.

And if you lose your job in five years, you will be one of the lucky ones.

It's possible that your job is already gone, they just haven't told you yet.

...continue reading HERE

...related from Michael Campbell:

The Numbers Exist - Time To Ring The Alarm Bell



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Personal Finance

Marc Faber - How much Gold is Enough?

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Posted by Marc Faber -via Finance and Liberty

on Friday, 07 April 2017 20:13

Key Points in Faber's Worldwide Debt Bubble & Currency Collapse Interview:

- Ahead: a crisis worse than 2008 @ 0:54
- Young adults will earn less than their parents and die with less than their parents @ 2:56
- How to weather the hard times ahead @ 7:41
- How much gold is enough? @ 11:01
- What form of precious metals is best? @ 13:27
- Ed Note: This interview was done in 2016

 

Screen Shot 2017-04-07 at 7.51.45 PM

 



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Personal Finance

How Solid are Canada’s Big Banks?

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Posted by Peter Diekmeyer - Sprott Money

on Thursday, 23 March 2017 08:47

banksThe World Economic Forum consistently ranks Canada’s banks among the world’s safest. Competent regulators have overseen stress tests, tightened lending standards and delinquency rates are low. Demographics are good and the country’s diversified economy is backed by a treasure of oil, wood, gold and other natural resources. 

So the experts say.

Institutional investors, relying on the work of Jeremy Rudin, Canada’s chief bank regulator, agree. In fact, Canadian financials accounted for 35.5% of the market capitalization of the benchmark exchange (NBF February). 

However this façade hides major uncertainties. Key concerns stand out, which if unaddressed, could spark solvency and liquidity issues in one or more of Canada’s Big Six banks. 

The fragilities can be seen in an IMF report, which calculated that Canada’s financial sector accounted for a stunning 500% of GDP in 2012. Today, the assets of the Big Six banks alone are more than double the size of the country’s economy. 

Each (RBC, CIBC, Scotiabank, BMO, TD and National Bank) have been designated “systemically important,” which in turn, due to sheer size and interconnectedness, suggests that they are almost certainly “too big to fail.” That means the collapse of any one Big Bank would threaten to trigger systemic implosion. 

More ominously, if Canada’s financial system, arguably the world’s best, is riddled with pores, what does that say about the US, the UK, and Japan? Let alone Italy and Spain? 

Yet signs of fragility are everywhere. Consider:

Complacency following “secret” $114 billion bailout



Read more...

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Personal Finance

Stock Exchange: Can Humans Compete with High Frequency Traders?

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Posted by Jeff Miller - Dash of Insight

on Friday, 17 March 2017 07:53

the-dark-pool-high-frequency-tradingMany individual investors have been frustrated by the growing prominence of High Frequency Trading. Complicated algorithms can process new information and react in fractions of a second. It sounds intimidating, and in some sense, it is. Individual Investors would be poorly suited for direct competition.

Instead, stick to what the market is giving you. The connections made by these programs are often spurious – totally unrelated to the fundamentals of a given business. This is intentional. After all, they’re after a quick buck rather than a long-term investment.

For that reason, a stock being walloped for frivolous story in the 24-hour news cycle may present an attractive buying opportunity. It all comes down to the individual investor’s process and commitment to their goals.

....continue reading HERE



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