first majestic silver

Stephen Flood

Stephen Flood Articles

Gold and the US Federal Reserve have a love-hate relationship. Hate because they both enjoy it when the other one performs badly, but love it because the Fed owns over 8,000 tonnes of gold and would rather no one else had any.
This is the first in a series of posts looking at the confiscation experience of the 1930s. Today’s topic is vital for many people. Confiscation is a big word that has come to mean; stealing your physical bars but done by the government so...
We wrote about this point recently. But we are saying it again because the message is so important. IF YOU DON’T HOLD IT THEN YOU DON’T OWN IT (IYDHITYDOI).
As part of the sanctions against Russia, seven Russian banks have been cut off from SWIFT. We start by discussing what SWIFT is, and then the implications of completely cutting Russia out of SWIFT.
In our post on February 10, 2022 “The Bank of England: There’s Only One Solution!” we wrote about the Bank of England governor’s solution to inflation was for workers to exercise ‘wage restraint’ when negotiating higher wages.
Gold price fell to $1,808 an ounce in the wake of the release of the minutes of the December Federal Reserve meeting, having hit an intra-day high of $1,829. Silver price fell to $22.72 an ounce from an intra-day high of $23.26.
Geopolitical tensions between Russia and the US are heating up again. The WSJ (12/07) reported:  “President Biden warned Russian President Vladimir Putin that the U.S. and its allies would meet a military invasion of Ukraine with strong...
Do governments hate gold? The answer: Yes — Governments hate gold because they cannot print it, and it is difficult for them to control.
Gold and silver finally have some green colour to show instead of red on the pricing screens and has broken upwards out of the channel it has been in since mid-June and the highest it has been since the beginning of September.
Gold and silver price actions have been the opposite of dramatic for months now, they have been boring. In the last 100 days, gold has moved sideways in the US$100 range between $1725 and $1825. 

The melting point of gold is 1337.33 K (1064.18 °C, 1947.52 °F).

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