Category Archives: gold

New Jersey Senate Unanimously Votes to End Sales Tax on Sound Money

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As you can see from the below article from the Sound Money Defense League, the New Jersey Senate has once again voted unanimously to eliminate tax on Sound Money. In the last session, both the Assembly and Senate were unanimous. The Governor pulled a pocket veto and squashed the bill. While we still need the bill to come out of committee and then to the Assembly for a vote, let’s hope that the Governor signs it this time. And if not the Legislature will push a veto to override the Governor.

Please consider contacting the Commerce, Economic Development and Agriculture committee here.

Please see below from article about New Jersey from the Sound Money Defense League:

(Trenton, New Jersey) — Senators in New Jersey have voted on Senate Bill 721 unanimously to end the sales tax on purchases of gold and silver.

For the second time in four months, the New Jersey Senate has voted unanimously to end their outdated practice of taxing sound money. The Assembly bill, A2812, is expected to receive a hearing before the Commerce, Economic Development and Agriculture committee soon.

Earlier this year, A5294/S1825 had passed out of both committees and both chambers of the New Jersey legislature without a single “no” vote. This popular bill had more than a dozen cosponsors and had unanimous approval in each legislative chamber. Despite this, Gov. Murphy chose not to enact the bill into law.

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THE FINANCIAL SYSTEM HAS REACHED THE END

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By Egon von Greyerz

https://goldswitzerland.com/the-financial-system-has-reached-the-end

Here are a few of the SINE QUA NON (indispensable conditions) for gold ownership:

  • Gold must be held in physical form. No funds, ETFs or bank held gold. 
  • The investor must have direct access to his own gold bars/coins. 
  • Any counterparty must be eliminated whenever possible. 
  • Gold must be stored in ultra safe vaults outside the banking system. 
  • Gold should not be stored in a major city.
  • Gold must be insured.
  • Only gold that you are prepared to lose should be stored at home. 
  • Gold should be stored outside your country of residence and in a gold friendly jurisdiction.
  • The country where the gold is stored must have a long history of democracy, political stability and peace.  

Efforts to Protect US Intensify Amid Global Shift From Dollar

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Calls from Congress and state houses to the private sector for out-of-the-box thinking, such as repegging the currency to gold or declaring precious metals to be legal tender, are growing.

https://www.theepochtimes.com/article/efforts-to-protect-us-intensify-amid-global-shift-from-dollar-5451294

Centralization & the Death of Capitalism, the Middle Class and Democracy

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Matthew Piepenburg

By Matthew Piepenburg
August 15, 2023

Matthew Piepenburg describes his visit to the united States and what he is seeing.

In this latest conversation with Tom Bodrovics of Palisades Gold Radio, Matterhorn Asset Management partner, Matthew Piepenburg, offers his latest assessments on the American economic and political decline.

Piepenburg opens with a sober critique of the slow-drip toward increasing but now undeniable centralization in American markets and society. The net result is an ephemeral yet tragic demise of both classic capitalism and true democracy. 

Instead, what Piepenburg sees now and ahead are more signs of a dystopian form of modern feudalism in which a political and financial minority operate behind a façade of liberalism as lords over a middle-class falling deeper into politically ignored serfdom. He unpacks the open marriage between corporate and governmental powers (weaponized/corporatized  media, science, justice system, markets, banking, currencies etc.) which more resemble Mussolini’s definition of fascism than the democratic ideals of America’s founding fathers.

Not surprisingly, the foregoing theme of centralization incudes the frog-boil toward more regional bank failures, the duplicity of the Davos crowd and the Trojan horse of CBDC, which Piepenburg describes as “horrifying.” Ultimately, Piepenburg sees an ironic yet undeniably cornered Fed whose alleged war against inflation will only create more inflation. Powell’s “higher-for-longer” policy to fight the CPI is only making Uncle Sam’s grotesque debt levels grow equally “higher for longer.” As a result, more mouse-click money will be needed to monetize this embarrassing bar tab, which by definition, means more inflation and hence currency debasement ahead—all of which is bad for America but good for gold.

Click below for video link.

The End of the Great Keynesian Experiment

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The US government has now morphed into a spending machine. Forget the fact that no new money actually gets printed, only digits in the computer ledger, now we have out spent the entire US government since our founding.

https://www.sprottmoney.com/blog/end-of-great-keynesian-experiment

Got Gold? Got $ilver? Get some before the great vacuum begins.

Will Half the World Dump the US Dollar?

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Half the world to dump U.S. dollars in future, causing ‘tsunami of inflation’ and asset price ‘collapse’, paving the way for CBDCs and The Great Reset – Andy Schectman | Kitco News

“As the world moves away from the U.S. dollar as a world reserve asset, dollars will be dumped globally, causing a “tsunami of inflation” in the United States as the currency returns to American shores. Interest rates will rise accordingly, followed by a “collapse” in asset prices, which would be used to usher in Central Bank Digital Currencies (CBDCs) and The Great Reset.

This dire scenario is the forecast of Andy Schectman, President and Owner of Miles Franklin and an expert on monetary and economic history. Schectman, who has three decades of experience in the precious metals sector, said that the BRICS (Brazil, Russia, India, China, and South Africa) coalition could lead the charge to develop their own reserve currency which would compete against the U.S. dollar.

“The BRICS are, I think, coalescing against the dollar, the perceived hypocrisy and hegemony of the dollar,” he said. “We’ve already been told that the BRICS currency would be pegged to gold or to commodities, the assumption being that gold is one of the commodities.”

The BRICS are meeting in Durban, South Africa in August, and one of their agenda items is the development of an alternative to the U.S. dollar.

Schectman told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, that the dollar’s “weaponization” during the Russian war with Ukraine has hastened the move to “dump” dollars. He suggested that Western sanctions on Russia, as well as expelling Russia from the SWIFT payment system, has had a chilling effect, deterring other nations from using the dollar.

“Since the weaponization of the dollar in 2022, it [de-dollarization] seems to be spinning much, much faster,” Schectman observed.

He pointed to Saudi Arabia, who has recently stated that it is open to accepting other currencies in exchange for its oil, as a potential catalyst for massive de-dollarization.”

THE GOLD MAGINOT LINE WILL SOON BREAK

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As reported many, many times, those of us whom have a sense of “real worth” are converting our fiat into “real money”. Whether you choose gold, silver, platinum, palladium, diamonds, ammo, whiskey or any other good that is easily traded or divisible, we are the ones whom have awakened to the fact that fiat always goes to zero.

The classic Money Changers

Why do 99.9% of investors not own gold? Due to my interest and activity, I clearly meet a higher percentage than the 0.1% who both understand and own gold. But I also meet a lot of people who have …

Source: THE GOLD MAGINOT LINE WILL SOON BREAK

GLOBAL DEBT IS A PEST THAT MUST BE ERADICATED

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October 4, 2018
by Egon von Greyerz

The coming gold and silver surge is guaranteed. It is not a question of IF but only WHEN. Initially, the imminent revaluation of the precious metals will have nothing to do with an investment mania but with the total mismanagement of the world economy. A spectacular rise in the metals is just a reflection of the mess the world is in. But as the paper market fails in gold and silver, there will be panic and manic markets.

So has the Silver Rocket just started? Last week I talked about the coming silver explosion and we could be seeing the beginning of it right now. I have often talked about the Gold-Silver Ratio as the key to the turn up in the precious metals.

GOLD-SILVER RATIO – A LEADING INDICATOR

With bearish divergence on momentum indicators at the critical 80-84 level, it was always a matter of time before the Gold-Silver ratio would break down. When the ratio turns down from an important level, it signifies a turn up in the metals with silver leading the way. As the long term chart below shows, the target for the ratio is 15-30. A return to the historical level of 15 would mean that silver will move up 6x as fast as gold.

If we look at the Weekly chart of the Gold – Silver ratio below, it shows the 4% fall that has taken place in the last 10 trading days. In itself this fall might not seem significant. But the key is the reversal from a very important top area combined with bearish technical indicators. As the chart shows, this ratio can fall very fast once it starts, like the 65% fall in 2010-11 or the 23% fall in 2010.

Read more here.