first majestic silver

Did I Say Yesterday…The Most Precious Metal Bullish Quote Ever? Well, Trump Took Just 24 Hours To Top It!

August 10, 2017

Man, do I keep crazy hours!  Seriously, I am now averaging four hours per night of sleep; to which I can only say, thank goodness for my 24/7 gym, and a laptop equipped with hundreds of podcasts, and thousands of Amazon Prime TV shows and movies.  As for tonight, while I'm writing at the early hour of 11:00 PM Wednesday, I went to sleep at 9:30 PM.  I wasn't planning to get up, but after getting kicked in the shins playing soccer this evening, it hurts so much, I can't get back to sleep.  Thus, considering I have podcasts scheduled at 8:00 AM and 9:00 AM; and that today's principal topic is so obvious; I figured I'd write it now, whilst the pain remains so acute.  And please don't email to tell me I need more sleep - as my body will do what it wants, and I don't just like, but love writing at such odd hours.

Anyhow, by obvious, I mean our "Commander-in-Chief" is living up to my greatest pre-Election fear, honed over a lifetime of watching "the Donald"'; i.e., an ego so large, he would rather destroy the world than be perceived as "losing."  Which unfortunately, is exactly how Kim Jong-Un feels, too; i.e., the lunatic megalomaniac, with a Napoleon complex, running a totalitarian state in spitting distance of Seoul, Tokyo, Beijing, and...Guam, where the U.S. operates one of its largest military bases.

But before I get to the quote that, just 24 hours after attributing the "most Precious Metal bullish quote ever" to el Presidente himself; and two weeks after proclaiming to be the "most Precious Metal bullish I've ever been"; consider that, whilst Cartel-suppressed Precious Metals are trading at  their "lowest inflation-adjusted prices ever"; PPT-supported stocks are trading at "dotcom valuations in a Great Depression Era" - as exemplified by the following, unfathomably damning charts, of 1) stocks' highest-ever - by a huge margin - price/sales ratio; and 2) also by a huge margin, stocks highest-ever net debt/EBITDA ratio.

Throw in the essentially 100% correlation between equity market valuations and Central banks' cumulative balance sheets - let alone, what they hold "off balance sheet"; and you can see how stocks, and bonds, are so hopelessly addicted to low interest rates and quantitative easing, rates can never be reduced, and monetization must exponentially increase.  I.e., the definition of a Ponzi scheme - of which, today's global version is by far history's largest and most destructive; quite obviously, amidst the final stages of its terminal, malignant phase.

To the contrary, Precious Metal demand, amidst the weakest Western sentiment in memory (care of unprecedented 24/7 price suppression, and equally relentless equity support), global demand remains stubbornly near record-high levels.  This, as two decades of price suppression has left Central banks' "manipulation inventory" at "fume" levels; whilst Cartel-crippled supply continues to inexorably plunge - likely, for years to come, in gold, silver, and platinum.

Given that backdrop, it's barely 48 hours since the Donald uttered what I at the time deemed the "most Precious Metal bullish quote ever" - although, with all due respect, it could easily be tied with a hundred others from "leading" politicians and Central bankers; like, for instance, "Goldman Mario" Draghi, who nearly five years ago to the date, claimed he'd do "whatever it takes" to LOL, "save" the Euro.  Which was, when the self-proclaimed "King of Debt," Mr. "low interest rate person" himself, said...

"I like a dollar that's not too strong.  I mean, I've seen strong dollars.  And frankly, other than the fact that it sounds good, lots of bad things happen with a strong dollar.  And I do like low interest rates. I mean, you know, I'm not making that a big secret. I think low interest rates are good."

Well, before the ink on this quote dried, our "Commander-in-Chief" topped it; again, by a large margin; when once and for all, he proved that, contrary to his campaign promise of reducing America's military entanglements (whilst LOL, proposing dramatic military spending increases), he may actually be a bigger warmonger than George "WMD" Bush and Barack "Nobel Prize" Obama combined.  And heck, perhaps even Hillary "I'll do anything to invade Russia" Clinton.

As if it wasn't bad enough that he bombed Syria for no substantive reason - whilst he was sharing a "beautiful chocolate cake" with Chinese Premier Xi Jinping - his unfathomably aggressive, provocative behavior in North Korea has now put America, and the world, on the brink of a potentially catastrophic nuclear war.  I mean, just how insane is it to provoke a nuclear-armed megalomaniac like Kim Jong-Un; by sending Aircraft Carriers to his doorstep, flying sorties over his territory; publishing "warning" videos depicting the destructive power of the U.S. military; and last but not least, provoking him with words like yesterday's newest "most bullish Precious Metal quote ever"; i.e....

"North Korea best not make any more threats to the United States.  They will be met with fire and fury and, frankly, power the likes of which the world has never seen before."

Which as you can imagine, prompted Kim Jong-Un, mere days after proclaiming North Korea's ability to reach Chicago with an ICBM; and hours after "unnamed sources" "confirmed" Pyongyang's possession of miniaturized nuclear warheads, capable of being incorporated into its long-range missiles; to suggest it might conduct a pre-emptive nuclear strike on the U.S.'s Guam military base.  Which in turn, prompted America, as I write, to mobilize its Pacific Air Forces, in a joint effort with its allies in Japan and South Korea.  In other words, setting the stage for yet another U.S.-provoked war; which frankly, has more "nuclear potential" than any in global history, aside from the (U.S.-enacted) Hiroshima and Nagasaki detonations, and the (U.S.-provoked) Cuban Missile Crisis.

In other words, if there were any remaining doubts as to whether one should consider PROTECTING one's assets with the best "wealth life preserver" man has ever known; at a time when the "historic valuation anomalies" caused by unprecedented price suppression has made them historically inexpensive; they should be, care of the two aforementioned "most Precious metal bullish quotes ever," put to rest, NOW.

To that end, Miles Franklin Precious Metals has been in business for 28 years without a single registered complaint.  And thus, if you are interested in buying or storing physical gold, silver, or platinum, we humbly ask you to call us at 800-822-8080, and give us a chance to earn your business.

Courtesy of

Andrew ("Andy") Hoffman, CFA joined Miles Franklin, one of America's oldest, largest bullion dealers, as Media Director in October 2011. For a decade, he was a US-based buy-side and sell-side analyst, most notably as an II-ranked oil service analyst at Salomon Smith Barney from 1999 through 2005. Since 2002, his focus has been entirely on precious metals, and since 2006 has written free missives regarding gold, silver and macroeconomics. Prior to joining the company he spent five years working as an investor relations officer or consultant to numerous junior mining companies.

In 1792 the U.S. Congress adopted a bimetallic standard (gold and silver) for the new nation's currency - with gold valued at $19.30 per troy ounce
Top 5 Best Gold IRA Companies

Gold Eagle twitter                Like Gold Eagle on Facebook