Mexico just reported its steepest decline in annual production of silver in 4 years, which is notably worse than during the covid lockdowns. Let us not forget: That is by far the largest producer of the metal in the world today. The supply of silver remains remarkably constrained, and if this is indeed the beginning
#gold is SO CLOSE to breaking out and leaving sub 2000 forever
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This chart from Chris Hamilton at Econimica grabbed our attention, not as an immediate indicator, but rather, as a jaw-dropping piece of context. An attempt to see the forest for the trees, if you will. 1980: Everybody hates the [US Dollar (USD)] and [US Treasury Bonds (USTs)], even as US Federal debt is 40% collateralized
The gold market could see new bullish momentum as the world could see a new type of gold standard. Friday, according to state-run RT, the Russian government has confirmed that Brazil, Russia, India, China and South Africa, also known as BRICS nations, will introduce a new trading currency backed by gold. The official announcement is
Changes to solar panel technology are accelerating demand for silver, a phenomenon that’s widening a supply deficit for the metal with little additional mine production on the horizon. Silver, in paste form, provides a conductive layer on the front and the back of silicon solar cells. But the industry is now beginning to make more
I think reserve management practices, the way central banks manage their foreign exchange reserves, is going to go through transformative change over the next five to ten years. There are a number of reasons for this. One reason is that geopolitics is a big theme again; we are living through a period of “great power”