Catch up and get knowledgeable with this week’s content material highlights from Charlotte McLeod, our editorial director.
It’s been one other week of downward momentum for gold, which was buying and selling close to US$1,825 per ounce on the time of this writing on Friday (January 15) afternoon.
That’s decrease than the yellow metallic’s 2021 place to begin of about US$1,900, and greater than US$100 off final week’s excessive level of round US$1,960.
Final week’s replace coated a number of elements that gave the impression to be answerable for gold’s worth drop, together with a rise that took US 10 12 months Treasury yields above 1 p.c for the primary time since final March.
This week, I received one other perspective from Stuart Englert, creator of the e book “Rigged: Exposing the Largest Monetary Fraud in Historical past.” Stuart’s e book breaks down the historical past of treasured metals worth manipulation, explaining why it occurs, the way it occurs and what the implications are.
Throughout our dialog, he gave a fast rundown of these subjects, but additionally defined how we are able to see this manipulation occur on a day-to-day foundation — he pointed particularly to the yellow metallic’s latest worth motion, saying that he sees it as “in-your-face proof of worth suppression and manipulation.”
“Manipulation continues at present. We noticed it final Friday (January 8) with the brief promoting on the COMEX and the periodic worth smashes — gold was down US$50 at one time final Friday I feel, and silver down US$1.70. We’ve seen these smashes time and time once more within the final decade, and that to me is in-your-face proof of worth suppression and manipulation” — Stuart Englert, creator of “Rigged”
Treasured metals worth manipulation is an advanced situation. When requested what buyers ought to do with the data offered in his e book, Stuart mentioned whereas everybody’s scenario is completely different, it’s essential to get educated on what’s occurring and create a treasured metals portfolio if applicable.
“The first cause for holding or proudly owning treasured metals is wealth preservation in a time of foreign money debasement, and that’s what we’ve received occurring now, foreign money debasement. Every of us should assess whether or not treasured metals must be a part of our monetary portfolios, and in that case, in what quantity” — Stuart Englert, creator of “Rigged”
With that in thoughts, we asked our Twitter followers this week how a lot they consider treasured metals worth manipulation after they’re investing. In whole, 50 p.c of respondents mentioned they give it some thought usually, whereas 27 p.c mentioned they generally give it some thought and 23 p.c mentioned they by no means give it some thought.
Like we’ve carried out for the final couple of weeks, I’m going to shut out by highlighting INN’s outlook content material. As a reminder, on the finish of yearly, our reporters attain out to specialists within the many markets we cowl, after which compile their concepts to present our viewers a have a look at the 12 months forward.
This week I need to advocate our platinum and palladium outlooks. Gold and silver usually steal the highlight from these treasured metals, however that doesn’t imply they need to be forgotten.
Provide of each metals was affected final 12 months by COVID-19 restrictions, and now in 2021 platinum and palladium might see increased costs on the again of low provide and improved demand. You need to use the hyperlinks above to click on via and take a look at the total tales.
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Securities Disclosure: I, Charlotte McLeod, maintain no direct funding curiosity in any firm talked about on this article.
Editorial Disclosure: The Investing Information Community doesn’t assure the accuracy or thoroughness of the data reported within the interviews it conducts. The opinions expressed in these interviews don’t mirror the opinions of the Investing Information Community and don’t represent funding recommendation. All readers are inspired to carry out their very own due diligence.