Only gold protects your purchasing power and respects the fruits of your labor and sacrifice. In all of history, only gold has ever done so.
Much excitement has accompanied the Nikkei surging to a new all-time high this week. It’s up 73% over the past 5 years, while gold vs. the Japanese yen during that same period is up 114%.
Over the past 20 years the Nikkei has multiplied three-and-a-half times, while gold is up sevenfold vs the yen. The past 50 years the average home price in Japan is up 4x. Gold is up almost 14x vs. the yen in that time.
Below is a 50-year gold chart vs. the US dollar.
The current pattern, circled in blue, looks nothing like previous tops (red ovals). Instead it looks a lot like previous consolidations prior to a major move higher, indicated by green ovals, right down to the “cup and handle” pattern which is perhaps the most bullish and reliable such pattern that exists:
Silver moves essentially in tandem with gold over the long term.
At extremes in the gold / silver ratio, we can take advantage.
This 110-year chart of the gold / silver ratio suggests we’re just past or near a peak:
Unless you somehow believe that fiscal sobriety will visit hard upon the runaway debt binge evident from individuals to entire empires, then you’d best believe in gold.
If nothing else, gold is clearly in a very, very long-term uptrend against all fiat currencies, and there’s no reason to think the trend will end any time soon.
More likely it’ll accelerate, so long as people remain willfully ignorant of basic economics and how unaccountable shysters in power rip us off wholesale.
At this point in the Dow / gold ratio, and the gold / silver ratio, I’m leaning into silver to an increasingly greater degree than gold.
Silver and gold, silver and gold
Silver and gold vaccination
Against fraud, endless war and piggery
I’m lowering my buy level on 2x levered silver product AGQ to $25.05
It closed this week at $24.73
No stop.
Altria (MO) currently pays a 9.7% dividend, sitting at a decent long-term entry point.
It has nothing to do with precious metals but is in-line with my “reality” theme.
Next market crash it’ll be at an even better entry point, but in seeking progress not perfection I added some Friday at $41.14
No stop.
Headlines:
Half of young people rule out career in oil and gas
Super bullish for the sector, and as a career choice.
Goldman Boosts Physical Uranium Trades Amid Soaring Prices
It’s sad to see uranium dip back under $100 some days. Should prove to be part of a consolidation around that level before another leg much higher.
Depending how things play out, I might add to URA.
Best Week For Bullion In 2024 As Mega-Caps Melt-Up On Bad Breadth
Mag 7 market cap now exceeds almost every country in the world
Nvidia dethrones Tesla as Wall Street's most traded stock
We’re entering a period in which tech shorts should prove to be virtually free money, and it’s interesting that by far the weakest stocks within the big tech cohort - Apple and Tesla - are the only companies that make anything tangible and arguably necessary in day-to-day life.
Reddit is floating an IPO. Its prior IPO attempt was December 2021, exactly at the prior peak in tech & meme stocks. Those stocks crashed in 2022 and sidelined Reddit’s IPO ambitions… until now as history seems to be repeating.
FBI Warns Of 'Widespread' QR Code Scams By Cybercriminals To Steal Your Money
No warning from the FBI on widespread scams by governcriminals, but gold has been stridently warning us for centuries. Heed its warnings and seek its protection.
Within 10 Years, Interest and Medicare Will Each Cost $1.6 Trillion a Year
CBO Revised the Cost of Biden’s Energy Policies Up by $466 Billion
ArriveCan app budgeted at $80K, costs $60 million, so poorly managed auditor general can only guess the cost
Most voters see Biden, Trump both mentally unfit for 2nd term, poll finds
Largest Covid vaccine study yet finds links to health conditions
I twist the truth, I rule the world, my crown is called deceit
I am the emperor of lies, you grovel at my feet
All my promises are lies, all my love is hate
I am the politician and I decide your fate- Motörhead, “Orgasmatron”