logo
Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Brien Lundin: What if the whole world wants to play in gold's tiny sandbox?

By cpowell
Created 2020-07-27 22:27

Even a small shift of portfolio investment could send monetary metals prices soaring.

* * *

By Brien Lundin
Gold Newsletter, Alert 1,023
Metairie, Louisiana
Monday, July 27, 2020
https://goldnewsletter.com/ [1]

Gold is all the rage right now, being rediscovered by institutional investors and discovered for the first time by the Robinhood class of youthful investors. It is dominating the headlines in the financial media in a way that I have rarely seen in my long career in the industry.

Gold bugs being a naturally contrary sort, this is worrisome for many of us, including me. A correction or simple consolidation of this stunning rally would be expected and welcomed by long-time gold-market watchers.

... Dispatch continues below ...



ADVERTISEMENT

Transfer Assets and Own Gold and Silver Coins
and Bars in the Safest Way

GoldCore's mission statement since 2003 has been to protect and grow the wealth of our clients, and given growing monetary, cyber, and systemic risks, it is increasingly important to take delivery or have legal title and outright ownership of fully segregated coins and bars.

On all investment and pension purchases and gold and/or silver coin and bars transfers (from banks, ETFs, and digital gold providers) worth more than $10,000 stored in GoldCore Secure Storage in Zurich, Switzerland, we are now offering Secure Storage for free for six months and the gift of a silver bullion coin -- a beautiful, legal tender, 1-ounce Silver Eagle.

GoldCore does not report transactions to any authority, and safety, privacy, and confidentiality are paramount when we are entrusted with safekeeping of our clients' precious metals.

Please visit GoldCore here for more information about this offer:

https://info.goldcore.com/zurich-gold-silver-storage-goldcore-exclusive-... [2]

Key information regarding GoldCore Secure Storage, our partner vaults and jurisdictions, and storage rates is here:

www.goldcore.com/us/services [3]

For further information, please email the GoldCore team at info@goldcore.com [4] or call our trading desk:

U.S.: +1-302-635-1160

U.K.: +44(0)203-086-9200

International: +353(0)1-632-5010



But to paraphrase a market sage whose name escapes me, "a market is loved least by those who know it best." In other words and in this application, gold bugs can be a dour sort and their own worst enemy.

After years of having our hopes raised and then mercilessly dashed, we have a tendency to expect the market to whack us upside our collective heads with a two-by-four the moment we finally throw caution to the wind.

I'm as guilty of this as the next gold bug, and probably more so than most.

But what we tend to forget is how small our little sandbox is, and what hell can break loose when the big boys come in to play. Gold is a tiny, tiny market compared with the oceans of liquidity now sloshing around the world's equity and bond markets.

Just a point or two shift in percentage allocation to gold and silver from even a minority of those investors would multiply the capital invested in the sector. And that, of course, would send the price of everything in the sector multiplying higher.

From another standpoint, consider the 10-year chart of gold. As you can see, we've only now completed a nine-year bottoming formation since the previous peak in 2011.

Think back to 2011 and compare that seemingly unprecedented moment in financial history to today. As unprecedented as the monetary moves back then may have seemed and in truth were, they are but a pimple on the posterior of a pachyderm compared to the monetary mischief afoot today. ...

-----

Brien Lundin is editor and publisher of Gold Newsletter. For a free sample of the publication, vist:

https://goldnewsletter.com/free-sample-issue/ [5]

* * *

Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

http://www.gata.org/files/GATA-4-wine-bottles.jpg [6]

Buyers can compose their case by choosing as many as four varietals from the list here:

http://www.gata.org/files/FayJWineryVarietals.jpg [7]

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com [8].

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651... [9]

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net [10].

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org [11]

To contribute to GATA, please visit:

http://www.gata.org/node/16 [12]


Source URL:
http://www.gata.org/node/20334