Tag Archives: silver

  • Blog
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    Fortunes Will Be Made & Lost When Capital Flees To Safety

    As safe havens are tiny markets
    by Adam Taggart

    Friday, June 24, 2016, 8:46 PM

    11

    Little did I realize when creating the short video below how prescient it would quickly become in the wake of last night's Brexit vote…

    It's message is simple: there's a preponderance of data that shows the world's major asset markets are dangerously overvalued. And when these asset bubbles start to burst, the 'save haven' markets that investment capital will try to flee to are ridiculously small. Investors who do not start moving their capital in advance of crisis will be forced to pay much higher prices for safety — or may find they can't get into these markets at any price.

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  • Insider

    How My Personal Portfolio Is Positioned Right Now

    You've asked. I answer.
    by Adam Taggart

    Friday, June 24, 2016, 8:46 PM

    37

    Executive Summary

    If you have not yet read Part 1: Fortunes Will Be Made & Lost When Capital Flees To Safety available free to all readers, please click here to read it first.

    So, given the conclusions in Part 1 — as well as the larger risks to the economy and financial markets that we analyze daily here at Peak Prosperity — how am I positioning my own personal investments?

    I get asked this question often. Often enough that I'm deciding to open the kimono here and let it drop to the ground. Everyone interested to look will get the full frontal.

    Before I do though, let me make a few things absolutely clear. This is NOT personal financial advice. The investment choices I've made are based on my own unique situation, financial goals and risk tolerance. And I may change these choices at any moment given new market developments. What's appropriate for me may not be for you, so DO NOT blindly duplicate what I'm doing.

    As always, we recommend working with a professional financial adviser to build an investment plan customized to your own needs and objectives. (If you do not have a financial adviser or do not feel comfortable with your current adviser's expertise in the market risks we discuss here at PeakProsperity.com, consider scheduling a free consultation with our endorsed adviser)

    Suffice it to say, any investment ideas sparked by this report should be reviewed with your financial adviser before taking any action. Am I being excessively repetitive here in order to drive this point home? Good…

    OK, with that out of the way, let's get started. I'll walk through the asset classes I own and my rationale for holding each.

    The strategy behind my portfolio allocation is of my own devise, though it has been influenced in no small part by the good folks at New Harbor Financial, Peak Prosperity's aforementioned endorsed financial adviser.

    At a high level, it has been constructed to address my strongly-held conclusions that:

    • Prices of most asset classes are dangerously overvalued
    • The risk of another economic contraction on par with (or greater than) the Great Recession within the next 2-4 years is uncomfortably high
    • The most likely path is we will experience a short period of coming deflation, followed soon after by one of high inflation as central banks starting printing currency without restraint (the Ka-POOM theory)
    • Capital will increasingly want to flow from paper assets (tertiary wealth) into tangible ones (primary and secondary wealth)
    • This is a time to prioritize protecting capital (defense) over speculating on how to grow it (offense)
    • Diversification is wise: just be emotionally prepared that some of your bets, by definition, will not pay off
    • In today's world of financial repression, no asset class is truly "safe". As such, asset performance is all relative.

    This is not a swing-for-the-fences portfolio. It's much more of a prepare-for-the-storm approach…

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  • Podcast

    Jim Rickards: The New Case For Gold

    A powerful set of arguments for owning the yellow metal
    by Adam Taggart

    Monday, April 4, 2016, 4:32 AM

    51

    Monetary expert Jim Rickards returns this week to share the insights from his latest work The New Case For Gold, a detailed and highly-researched study of the fundamentals likely to drive the price of gold bullion in the years to come.

    Rickards is quite confident that the price is going higher — much higher in fact — as the current world fit currency regimes falter, to be replaced by ones backed (at least in part) by bullion.

    On the way to that outcome, expect the price to be subject to the geopolitical interests and aims of the largest players on the chessboard.

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  • Insider
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    Off The Cuff: The Need For Solutions

    Enough with the problem, what should we do?
    by Adam Taggart

    Friday, January 29, 2016, 6:38 PM

    19

    In this week's Off The Cuff podcast, Chris and David Morgan discuss:

    • How We Got Into This Mess
      • The bad polices that led to our current state of mal-investment
    • The Need For Solutions
      • Enough with the problem, what should we do?
    • Why Things Can Get Worse Quickly From Here
      • A chain-reaction of bursting bubbles
    • The Future For Silver
      • Where to next for the grey metal?
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  • Podcast

    David Morgan: We Are On The Precipice

    Derivatives threaten to topple the global financial system
    by Adam Taggart

    Wednesday, January 20, 2016, 1:04 AM

    18

    Precious metals guru David Morgan returns to address the great threat to the global financial/monetary system from derivative risk.

    He sees the world at an unprecedented moment in history where the interconnected nature of the global economy makes all players vulnerable to the mind-boggling volume of outstanding derivatives, which makes the sum of all world equity + debt look tiny in comparison (if you haven't seen it yet, look at this visual from The Money Project).

     

     

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  • Blog
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    The Screaming Fundamentals For Owning Gold

    We're at a moment of historic opportunity
    by Chris Martenson

    Tuesday, December 8, 2015, 4:53 PM

    43

    Every year or two we update this report, which lays out the investment thesis for gold. Here is this year’s version.

    Silver is touched upon only as necessary; as a separate report of equal scope is required for that precious metal.

    Gold is one of the few investments that every investor should have in their portfolio. We are now at the dangerous end-game period of a very bold but very reckless & disappointing experiment with the world’s fiat (unbacked) currencies. If this experiment fails — and we observe it’s in the process of failing — gold will provide one of the best forms of wealth insurance. But like all insurance products, it only works if you buy it before you need to rely on it.

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  • Insider
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    Using Gold to Protect Yourself In Advance of the Greatest Wealth Transfer of Our Lifetime

    Where & how much to buy, when to sell
    by Chris Martenson

    Tuesday, December 8, 2015, 4:52 PM

    31

    Executive Summary

    • Calculating the "floor" beneath which gold will likely not fall
    • The coming Great Wealth Transfer, which almost certainly will occur in our lifetime
    • How much to invest in gold
    • How to invest in gold
    • Exit strategies: when will it make sense to sell your holdings? And what should you exchange them for?

    The Floor

    The one place that I most like to buy something is as close to its replacement value as I can.  And the replacement value for gold is both below its current price of $1,080 and rising steadily. There’s a floor under the price of gold which, like any mined substance, is determined by the cost to get more of it out of the ground.

    As has been true for all mining and oil production, the all-in costs of getting gold out of the ground have been rising, and rising sharply, for many years.  Currently the all-in cost to produce gold, across the whole industry, is more than $1,200 per ounce.

     

    Today we're seeing lots of signs of obvious distress among gold producers because the price of gold is below their cost of production.  This will cause supply to…

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  • Podcast

    Mike Maloney: The Rollercoaster Crash

    An updated look on the coming global currency re-set
    by Adam Taggart

    Sunday, November 22, 2015, 4:53 PM

    43

    Precious metals sank to 5-year lows during this past week. The long painful price decline that began at the end of 2011 still continues unabated. Holders of gold & silver are understandably wondering if their faith in precious metals has been misplaced.

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  • Blog

    EXCLUSIVE: The Smoking Gun Proving Silver & Gold Manipulation

    We have the data. And it tells a clear story.
    by davefairtex

    Friday, October 16, 2015, 11:46 PM

    16

    Gold price suppression!

    The amount of ink spilled on this topic could fill a supertanker.  Goldbugs the world over believe in the suppression story as an article of faith, and indeed, the evidence that “something is happening” appears incontrovertible.

    Given how important the subject is to Peak Prosperity and the bullion-owning community, and the volume of energy we expend talking (and talking, and talking, and talking) about it, how much information do we really have about what is actually going on? 

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  • Insider
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    How To Protect Yourself & Profit From This Manipulation

    Also: is the bottom in for precious metals?
    by davefairtex

    Friday, October 16, 2015, 11:45 PM

    36

    Executive Summary

    • What the Great Gold Smash of 2013 tells us
    • Was $1,075/oz gold the bottom? Is the bottom indeed in?
    • Is a new bull trend ahead for precious metals?
    • How to hedge against — and speculate on, for those who dare —  future manipulation attempts

    If you have not yet read Part 1: EXCLUSIVE: The Smoking Gun Proving Silver & Gold Manipulation available free to all readers, please click here to read it first.

    Now let's look at the great gold smash of 2013.

    There were three separate operations I saw on or around the gold smash of 2013:

    Operation #1: On April 12, gold had already broken below the 1525 support level to close at 1501 after dropping $100 over the two preceding months.  After a long decline followed by a support break, the market was in a very fragile state.  Sunday rolled around, and “someone” chose this moment to unload $95 in 13 volatility events over the course of just 13 hours.  This avalanche decisively drove gold down $150 in just one day.  This engineered follow-through using volatility events coming immediately after the support break resulted in the total annihilation of the longs.  Price still has not recovered from that move.

    Operation #2: two days after the $150 drop, another 3-event $23 assault completely failed.  Price did not move at all.  In fact, it rallied on the day.  Why?  Why didn't we get another $150 drop?  Well, 1325 turned out to be strong support.  Buyers came out in droves to pick up the lower-priced gold.  And so when gold dropped $23 due to the volatility events, COMEX buyers snapped up the lower priced gold, and as a result the assault completely failed.

    Operation #3: two months later, another 1-event $24 assault had only a very minor effect.  Price fell that day a few bucks, which was regained the day following.  Support was not quite as strong, but the market was clearly not in a fragile state at that point either.  This assault failed as well, since there was no support break and no price reset lower.

    Here are three events, in relatively close proximity to one another, but under three different sets of “chart circumstances” which provided three different outcomes.  One worked, two others didn't.  The difference, I maintain, was where the market was at each point.  Fragile markets appear vulnerable to volatility events.  Strong markets are not.

    Now let's look at the most recent event: July 20, 2015…

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