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SUBSCRIBE to Our Channel: [ Ссылка ] Playing Dumb after premeditated policies of injecting massive currency creation into the global economy does not make amends for the billions of people currently suffering under high price inflationary outcomes.
Following the preplanned and coordinated policies of major central banks 'Going Direct' in September 2019, the United States led the world in fiat M2 currency supply expansion on a percentage basis.
We are now suffering #Inflation rates likely in the mid-teens in real terms. We have not seen levels of price escalations since the last time free-market gold forces pushed official US gold bullion reserve values higher than the then fiat monetary base outstanding in early 1980.
This week, Germany reported a producer price increase spike that looks like something their Weimar forefathers constantly warned against reliving on a price chart.
German price inflation is now also admitted at levels not seen since 1980. The actual price inflation in Germany is likely also in the double digits year on year now.
The fiat Euro continues to lose value versus other major fiat currencies and gold. Threatening to again reach parity with the fiat Federal Reserve, this has not happened in nearly two decades for the European Union.
The fiat euro's recent weakness is evident on a gold price chart, as it threatens to make a break for 2000 euro per ounce price levels likely not long from now.
Weakness in the fiat Japanese yen made devaluation headlines this week. Here you can see how badly the yen has been performing relative to the fiat Russian ruble, not merely since the Russia Ukraine invasion rebound, but also after the central Bank of Japan took part in Sep 2019 Going Direct policy, which by massive currency creation, aimed at forcing a secular inflationary regime to take hold globally.
The gold price in fiat Japanese yen terms continues to break record price high levels seemingly week after week. And as the foregone years of the yen carry trade come undone to further devaluation ahead.
Silver bulls should press pause here and look at this over 50 years price chart, knowing that #Silver bullion in fiat Japanese yen terms still has to nearly fourfold to reach its old 1980 price high.
Hard to find any price chart in the world that illustrates just how cheap silver bullion remains historically than this one right here.
Silver and gold sold off and remained under pressure in this week's trading in fiat US dollar terms.
The silver spot price looks to be closing just under $23 oz for the week, while the gold spot price will likely finish priced under $1900 oz.
The gold-silver ratio has broken out to the upside closing the week at 83. The next level of resistance is around 85 parts silver to gold.
Much of the latest weakness in fiat US dollar-denominated gold and silver spot prices have been scapegoated on recent fiat Fed note strength, enjoying its best month of gains versus other devaluing fiat currency competitors like the aforementioned fiat euro and fiat Japanese yen, for instance.
Physical gold demand in the first quarter of 2022 surged, often driven by a combination of European War worries and escalating price inflation globally.
This week's most critical data point for me in gold was the massive amount of newly refined gold bullion bars in the USA in March 2022.
Over 80 metric tonnes of gold bullion bars were imported to the USA in March 2022 fresh from Switzerland (home of 65 to 70% of the world's gold bar refining output). That is the most significant amount since the pandemic-driven gold bullion bar shortage arbitrage peaks during the spring of 2020.
Even billionaire investors on Twitter are now remarking how silly the daily spot price situation has become in the gold market, especially during the opening hours of the #COMEX gold futures market trading.
This chart shows how gold has traded in COMEX gold futures since its beginning in 1975 with the blue line, starting at $184 oz in 1975. COMEX gold futures have traded to a paltry $259 oz over 46 years, while the global gold spot price has gone up 10X's over the same more than four and a half decades.
Eastern countries like China and Russia are fully aware of western gold price suppression schemes and have used them against us thus far this century.
That is all for this week's update.
We hope you take advantage of spot price weakness by soon adding to your prudent bullion positions.
As always to you out there, take great care of yourselves and those you love.
IMF Managing Director admits the obvious after Central Banks have blown out their monetary base fiat currency supplies: [ Ссылка ]
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