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Analysts at JP Morgan are reporting large institutional investors are leaving bitcoin in favor of gold. Despite Bitcoin reaching above $64,000 last month, the $30,000 lows in this bear market are making investors uneasy. 

J.P. Morgan said the cryptocurrency’s futures now show the first biggest drop since the bull market began last year. 

“The bitcoin flow picture continues to deteriorate and is pointing to continued retrenchment by institutional investors,” the report said. “Over the past month, bitcoin futures markets experienced their steepest and most sustained liquidation since the bitcoin ascent started last October.”

The leading cryptocurrency has been known as digital gold, which has aided the coin’s growth and confidence among investors. J.P. Morgan analysts previously predicted that BTC would hit $140,000 over the long-term, noting it would be a “multi-year process.”  

“This $140k price should be thought of as a long-term theoretical target assuming a convergence of Bitcoin volatility to that of gold and an equalization of bitcoin allocations to that of gold in investor portfolios.”

However, with Bitcoin’s extreme volatility, fair market value according to J.P. Morgan would be a quarter of the $140,000 prediction, ringing in today at $35,000. In a single day, Bitcoin crashed from above $43,000 to under $31,000. 

Bitcoin is very speculative at the moment and hard to compare to gold’s reigning history as the staple world currency for centuries. While Bitcoin crashed, gold saw a 6% increase during the past month. 

Meanwhile, China is warning the industry to steer clear of digital currencies altogether and buying up gold by the tonnes.

“Financial institutions, payment institutions and other member units must earnestly strengthen their social responsibilities. They must not use virtual currency to price products and services, underwrite insurance businesses related to virtual currencies or include virtual currencies in the scope of insurance liability, and must not directly or indirectly provide customers with other services,” came the warning issued by China Banking Association, the National Internet Financial Association of China, and the Payment and Clearing Association of China. 

Communist China is nothing to compare ourselves to, but even they understand the strength of gold and instability of speculative cryptocurrencies. 

Industry experts and financial institutions alike know when inflation hits, gold will skyrocket. Jim Rickards predicts a $15,000 gold in the near future, with others predicting a $10,000+ valuation. Market manipulation and minting companies inability to fulfill their orders point to a clear $10,000 price without the volatility of bitcoin. 

There’s no time to waste. Countries like ours will see inflation slowly… and then all at once.

Stock pile gold while you can. Call us to learn about your FREE ounce of gold at 800-617-5373

The post J.P. Morgan says Institutional Investors as Leaving Bitcoin for Gold appeared first on Conservative Maven.

China is currently the world’s biggest gold consumer, purchasing and storing tens of billions of dollars of the metal each year. So what does this mean for the price of gold and the future of the metal? 

Reports have also recently surfaced that China has given domestic and international banks permission to import large amounts of gold into the country, an act that will likely have a positive effect on gold prices worldwide. 

The only economy to have grown during 2020 was China’s, which has ushered in their booming demand for gold jewelry, bars and coins. This rebound has driven local prices above the global benchmark. 

Gold is now selling at a premium of $7-9 an ounce in China; a number that would be even more inflated had importing the precious metal been halted. 

Beijing has also given the green light on gold imports where 150 tonnes worth $8.5 billion is likely to be shipped. They will import gold from Australia, South Africa and Switzerland.  

Gold-Backed Yuan 

In 2018 China launched a gold-backed, yuan-denominated oil futures contract with the contracts priced in Yuan but convertible to gold. Many thought, “the rise of the petroyuan could be the death blow for the dollar.”

Two weeks ago, The IMF published a report showing US-dollar-denomiated exchange reserves dropped to 59% in the fourth quarter. Matching the 25-year low of 1995. 

China also just became the first major economy to unleash a Central Bank Digital Currency, “cementing its trailblazer status in virtual currencies far ahead of other countries, after already recently experimenting with large-scale trials of actual payments by consumers, which was met with mixed results.”

The effect of this is even more surveillance, and loss of privacy for its citizens. China is not shy about its desire to know every move of those who live within its borders and this is another cementing move on their part. 

A Chinese financial weapon? 

Peter Thiel, the Found of the ground-breaking company Palantir, also recently warned Americans to be weary of digital currencies, especially Bitcoin. Thiel stated, Bitcoin should also be thought [of] in part as a Chinese financial weapon against the US… It threatens fiat money, but it especially threatens the U.S. dollar.”

Is this why China is buying gold? To hedge against the dollar as the reserve currency of the world…? 

It’s no secret the price of gold will skyrocket in the near future with the effects of the lockdown slowly creeping up on us. The effects have been mitigated by the Federal Reserve’s endless printing of money that will first lead us into a depression (meaning stagnant growth) and then inflation; all the while cementing gold as the wealth preserving asset it has always been. 

China is taking action based on the declining value of the dollar and inevitable inflation coming in the next 24 months. Solidifying the sentiment, Reuters reported that China has given domestic and international banks permission to import large amounts of gold into the country, 

The People’s Bank of China (PBOC), the nation’s central bank, controls how much gold enters China through a system of quotas given to commercial banks. It usually allows enough metal in to satisfy local demand but sometimes restricts the flow.

In recent weeks it has given permission for large amounts of bullion to enter, the sources said.

“We had no quotas for a while. Now we are getting them … the most since 2019,” said a source at one of the banks moving gold into China.

Around 150 tonnes of gold worth $8.5 billion at current prices is likely to be shipped, four sources said. Two of the sources said the bullion would be shipped in April. Two others said it would reach China over April and May.

Obviously this news sent gold prices higher, shown in the graph below. 

The size of the shipments is a clear signal to the world that China is back in the global bullion market. They’ve seen the writing on the wall for the USDollar as the global reserve currency, and they’re taking action. 

…..are they paving the way for a gold-backed yuan? 

Perhaps Peter Thiel is right… and bitcoin is the trojan horse to attack the dollar and make way for a gold-backed yuan?

Reserve currency status can’t last forever. 

The post China’s Back in Bullion: Billions of Gold Imports & Gold-Backed Yuan appeared first on Conservative Maven.

Should you be concerned? 

Not at all. 

Quite the opposite, actually. 

The majority of investors are wrong about, well… most everything. They buy when the market goes up and sell when it goes down. They take losses instead of profits and base their positions on emotions. 

We will show you below why investors are dead wrong about gold and why they are missing the glaring signs of the Golden Era of Gold ahead. 

Now, the mathematically conscious investor and the sophisticated metals professionals, are not just calm right now, they are laying low while the golden backdrop arranges itself perfectly. 

https://twitter.com/disclosetv/status/1371495052824940546?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1371495052824940546%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Fquery%3Dhttps3A2F2Ftwitter.com2Fdisclosetv2Fstatus2F1371495052824940546widget%3DTweet

Why is Gold Below $2k? 

The most straightforward answer, beyond the common price-manipulation and short-covering, is the raising interest rates; where gold underperforms during times when interest rates outpace inflation rates. 

Inflation Ahead 

Take the US 10-Year Treasury which climbed from .4% to above 1.5% in just under a year. Not exactly a gold accelerator.

The good news for gold holders and tragically overlooked reality: rates can’t increase much more and inflation is just around the corner. We cover the many warning signs of impending inflation in this article. 

It’s no surprise that we hold gold (always will), however wishful thinkers we are not. Take the unemotional mathematical cycles of history and historically bad monetary policy (MMT), and you’ll see our views on money are for the wealth preservationists. 

Interest Rates Can’t Increase Forever 

First, interest rates can’t get much higher because of our mounting debt. The Biden administration adds another $1.9T of “stimulus” debt to a historic debt pile which will now bring the US total debt to $30Trillion before Q1 of this year. 

Many factors including the above, lockdowns, decreasing tax revenues and an economy that’s already on its knees, will only cause more debt by the year’s end. 

What about the pre-pandemic “artificially” stimulated economy of 2019 that seemed to be soaring? 

Easy Does It 

In 2019 the US was at $4Trillion pre year in spending and collecting $3Trillion in taxpayer revenue. The results were an annual deficit of roughly $1Trillion. 

Want to see the math for 2021? You likely won’t want to hear this but it’s necessary. Bring your calculator for this one.

At $30 Trillion of total debt and counting, if rates raise any more, close to the 5% historically normal range, this would equate to $1.5 Trillion annual interest expenses for Uncle Sam, equalling 50% of national revenues instead of 10%. 

In this scenario of raising rates, the US becomes insolvent. Uh, oh…

This is why rates can’t and won’t go much higher. The US, and other countries for that matter, simply can’t afford it. 

To Be Expected: Inflation 

It’s no shock inflation warnings are soaring from intelligent, forward-thinking investors worldwide.  This includes Michael Burry as we discussed earlier this week, who shorted the housing market crash of 2008 profiting $100 Million himself and roughly $750 Million for his investors in Scion Capital. 

Inflation will be here whether we like it or not. 

Rates are now raising because we anticipate inflation to raise, however, rates can’t go much higher. Again, the Fed can’t afford this. The US would become insolvent if this occurred. 

The Fed too must pay its bills, by keeping interest rates low moving forward (especially the 10Y Treasury) while simultaneously attempting to “inflate away” Uncle Sam’s debt obligations. A Catch-22 if we’ve ever seen one. 

What Do This Mean for Gold? 

All this is good news for gold for 2 reasons: 1.) inflation is running hot 2.) the Fed is artificially depressing yields and rates. 

So why aren’t investors screaming this from the rooftops? Well… the most bullish backdrop for gold is a world of negative real rates, and they are completely ignoring this. 

And raising rates and a strong dollar are temporary situations not long-term realities. 

The stock market bubble would also come crashing down should the Fed raise rates. Companies would tank in valuation and take their stock prices along. 

Debt’s ticking time bomb will go off, as it always does. This euphoria in the market today will crash down and the days of inflating our way out of debt (via the Fed) will be no more. 

True Wealth 

Gold is undervalued today, which is a good thing for you and me. As Jim Rickards predicts, gold will go well above $10,000, likely to $15,000 in the coming years. Far more importantly, gold will preserve capital and wealth in a debt-ridden world marked by dying currencies. For more information, download your gold guide here. 

The post Ushering in: Gold’s Golden Era appeared first on Conservative Maven.

Only this time, he has proof of his warnings in the form of tweets. 

Michael Burry, investor and founder of Scion Capital, warned financial institutions and investors of the coming housing market collapse before 2008, once he realized the extent of the mortgage crisis. No one listened. He shorted the housing market making $100 Million and making his investors roughly $750 Million in the process. 

Today, he is screaming from the rooftops about the looming inflation crisis. 

People say I didn’t warn last time. I did, but no one listened. So I warn this time. And still, no one listens. But I will have proof I warned.

What does he mean by Weimar Inflation? 

Weimar as is Weimar, Germany. As you may know, Germany racked up substantial debt when fighting WWI which they obviously lost. To pay off all their debt they started printing money like crazy and became a horror story of hyper inflation. 

Their currency became worthless. They started using their bank notes as wall paper because it was worth more as that. 

This picture shows a man wheeling in a wheelbarrow of money just to purchase milk and bread. This is how bad their inflation became. 

The worst case scenario may be right around the corner and even Bank of America’s CIO is heading their warning:

One week ago, Bank of America hinted at the unthinkable: the tsunami of monetary and fiscal stimulus, coupled with the upcoming surge in monetary velocity as the world’s economy emerges from lockdowns, would lead to unprecedented economic overheating…

“Most epic, extreme analog of surging velocity and inflation following end of war psychology, pent-up savings, lost confidence in currency & authorities“

The Federal Reserve

The federal reserve has historically been used to balance the economy. They did this by raising and lowering interest rates, printing money, etc. They used to go against the wind. 

Now they are going WITH the wind. They are adding fuel to the already blazing fire. 

The US government is inviting inflation with its MMT-tinged policies. Brisk Debt/GDP, M2 increases while retail sales, PMI stage V recovery. Trillions more stimulus & re-opening to boost demand as employee and supply chain costs skyrocket. #ParadigmShift

— Cassandra (@michaeljburry) February 20, 2021

 “The life of the inflation in its ripening stage was a paradox which had its own unmistakable characteristics. One was the great wealth, at least of those favored by the boom..Many great fortunes sprang up overnight…The cities, had an aimless and wanton youth”

“Prices in Germany were steady, and both business and the stock market were booming. The exchange rate of the mark against the dollar and other currencies actually rose for a time, and the mark was momentarily the strongest currency in the world” on inflation’s eve.

“Side by side with the wealth were the pockets of poverty. Greater numbers of people remained on the outside of the easy money, looking in but not able to enter. The crime rate soared.”

“Accounts of the time tell of a progressive demoralization which crept over the common people, compounded of their weariness with the breakneck pace, to no visible purpose, and their fears from watching their own precarious positions slip while others grew so conspicuously rich.”

“Almost any kind of business could make money. Business failures and bankruptcies became few. The boom suspended the normal processes of natural selection by which the nonessential and ineffective otherwise would have been culled out.”

“Speculation alone, while adding nothing to Germany’s wealth, became one of its largest activities. The fever to join in turning a quick mark infected nearly all classes..Everyone from the elevator operator up was playing the market.”

“The volumes of turnover in securities on the Berlin Bourse became so high that the financial industry could not keep up with the paperwork…and the Bourse was obliged to close several days a week to work off the backlog” #robinhooddown

“all the marks that existed in the world in the summer of 1922 were not worth enough, by November of 1923, to buy a single  newspaper or a tram ticket. That was the spectacular part of the collapse, but most of the real loss in money wealth had been suffered much earlier.”

 “Throughout these years the structure was quietly building itself up for the blow. Germany’s #inflationcycle ran not for a year but for nine years, representing eight years of gestation and only one year of #collapse.”

The punchline: This was “written in 1974 re: 1914-1923.”

If a gestation period is roughly 8 years, Burry is claiming ours has been from 2010-2021. This means adding that

“when dollars might as well be falling from the sky… management teams get creative and ultimately take more risk… paying out debt-financed dividends to investors or investing in risky growth opportunities has beaten a frugal mentality hands down.” 

Ray Dalio is saying the same thing: every country who racked up a ton of debt then tried to print their way out of it completely destroyed their currency in the process. 

We can lose the status as being the reserve currency of the world by printing our money until it’s worthless. This is what we are doing now. 

So what should you do with your money? Get it out of the stock market or stay in a bit longer? 

Gold is the ultimate hedge against inflation. Get your FREE gold buying kit here so you are prepared for when Weimar-like inflation hits. 

The post Major Stock Market Warning: Weimar Inflation Ahead appeared first on Conservative Maven.

This seems like a ridiculously easy question to answer. On my computer screen right now it shows me gold;s price right now is $1,717.44 per ounce. 

The price may change by the time you read this but give or take a bit and you will relatively see about the same price per ounce. 

What about silver? Again, fairly simple. The silver price currently sits at $26.10 an ounce. This too is subject to change but if you’re reading this soon after it’s writing, you won’t find much different. 

If ONLY things were this simple, our case would be closed. 

However, they are not. In fact, establishing the true price of gold and silver is far more challenging than it seems. 

Furthermore, the differing prices on offer and the reason for these discrepancies tells us a lot about what is currently happening in the precious metals market. 

Paper, Not Metal

To be clear, the prices I quoted above are for physical gold and silver, not paper. 

Those prices reflect the COMEX gold and silver futures contracts. A futures contract allows the holder to have price exposure but it does not give you physical gold or silver. It is a paper contract with rules governed by the exchange it’s being traded on. 

So we’re talking about paper gold and silver, not the actual metals themselves. 

The majority of these contracts are settled by cash and either rolled-over or paired-off without any delivery or exchange of physical gold and silver. 

More over, if even a small number of these contract holders would ask for the physical delivery of the metals, the vaults would quickly run out of the billion, and would necessarily intervene offering cash-settled contracts or order that holders “trade for liquidation only.” 

Physical delivery of the metals, would be denied. 

Leverage, Leverage, Leverage

So why do traders prefer paper gold and silver? Gold and silver futures contracts offer leverage. A trader is required to put down an initial margin, generally about 5% of the amount of the metals subject to the contract. 

This means $100,000 can control $2,000,000 worth of gold or silver. An increase of 5% would result in a 100% return on the cash invested. 

This is why hedge funds prefer to trader on futures rather than the bullion itself. The opposite of the above is also trued. A 5% decline leads to a 100% loss. 

So it’s a risky game for paper bullion traders but to keep it simple, there is no physical bullion involved. 

This is the same for big banks who are member of the London Bullion Market Association (LBMA). The purchases are also paper contracts for bullion. There are no metals actually being exchanged. 

Ultimately, if the holders felt they wanted or needed to covert this paper to physical delivery, there wouldn’t be enough gold or silver to go around. Especially, during a buying panic. 

Yes and No

The London Gold fix is done through an auction-style procedure. With 15 banks participating in the gold fix including the likes of Goldman Sachs, Citi and JP Morgan Chase. 

The issue arises here: The fix is not open to the public. It involves large quantities and most of the gold never physically moves. 

It stays in the designated vaults and the owners change by means of paper receipt or ledger entry. The London Silver Fix  is the same. 

Fraud and Manipulation

In summary, all these means of trading and futures, require no physical bullion be involved, or trading limits for the big banks involved. 

Even with paper silver and gold the temptation to rig markets is almost irresistible. 

During a recent investigation into the paper gold and silver markets, there were various kinds of front-running, market manipulation and bid-rigging involved. While some fines were involved, the process remains. 

So what if you want to buy physical gold and silver and request delivery in a safe non-bank vault? 

This is where things get interesting and where the true price of gold and silver is revealed. 

The first hurdle is to find a dealer: here is how to get in contact with our preferred dealer. 

Finding the Right Dealer

There are dealers online, some being sleazy and others salt of the earth companies (find our guide to choosing the right dealer here). 

Many charge a huge markup with commissions starting at 15%. This is not unusual and it is very rare to find anything under this. This wold make the same $26.11 ounce of silver, $30.85 or higher. 

This of course assumes availability. The US Mint periodically announces it will no longer be taking new orders from dealers due to a shortage of bullion and minting capacity. 

So again, what is the price of gold or silver? 

That depends on whether you want paper money or physical bullion. It depends on whether you want to leverage or outright own. 

Sales tax, shipping, insurance, etc. market the calculations even more complicated. 

Three Key Takeaways: 

1. The cost of owning bullion coins or bars that you can hold in your hands is higher than the official “prices” you see listed on the exchanges. Which tells us actual bullion is more scarce than paper bullion. 
2. The scarcity of the physical bullion relative to paper gold and silver will emerge with vengeance in a buying panic. This results in a number of catalysts including war, another pandemic, bank failure or social disorder. The paper holders will try and be unable to convert to physical and find it’s too late. The vaults will be empty. 
3. Choose the right dealer. To get in touch with the one we’ve trusted for decades click here to receive their information packet by email. Get our metals buying & dealers guide here showing companies who do not charge the 15% mark up. 

The lessons for investors is clear. Get your physical gold and silver while you still can. Find a company with small commissions (get the guide here). The rest is easy. 

Ultimately, Jim Rickards and many have said they predict gold will go to $15,000 an ounce. Small commissions are nothing when you look at the big picture. 

The buying panic is just a matter of time. 

The post What is the real price of Gold?  appeared first on Conservative Maven.

“My point in all of this today is gratitude,” he said. “My point in all of this is to say thanks and tell everybody involved how much I love you from the bottom of a sizable and growing and still-beating heart.”

Infamous Limbaugh has been loved by many through the years and will certainly go down in history as one of the greatest Republican broadcasters of all time.

At only 69, Rush is battling Stage IV Lung Cancer and was awarded the Presidential Metal of Freedom by President Donald Trump at the state of the Union address in February 2020.

Limbaugh singled out his wife during the broadcast, as well as other members of his family, for supporting him during these trying times and throughout his long career.

“I wasn’t expected to be alive today,” he said. “I wasn’t expected to make it to October, and then to November, and then to December. And yet, here I am, and today, got some problems, but I’m feeling pretty good today.”

The diagnosis was shocking for Limbaugh, his close circle and listeners worldwide. Adding the battle has been hard on him personally and on those close to him.

“I can’t be self-absorbed about it, when that is the tendency when you are told that you’ve got a due date,” he said, choking up. “You have an expiration date. A lot of people never get told that, so they don’t face life this way.”

During the broadcast, Limbaugh was quick to praise President Trump and strongly object President-elect Joe Biden’s statement Tuesday that America’s “darkest days” were ahead in the coronavirus fight.

“What a bleak way of looking at things,” Limbaugh said. “It’s never time to panic, folks. There’s never, ever going to be time to give up on our country … It’ll never be time to give up on yourself. Trust me.”

The admiration is mutual with Trump tweeting:

Rush is the GREATEST! https://t.co/W0LhbM2bSt

— Donald J. Trump (@realDonaldTrump) December 24, 2020

Limbaugh has been on broadcast air since 1988 is considered one of the most influential media members of the last half century. He has grown his show into the most listened-to radio show in the United States. Limbaugh has also been inducted into the National Radio Hall of Fame and National Association of Broadcasters Hall of Fame.

As Rush has mentioned many times, world business leaders everywhere are talking about ‘The Great Reset.’ This is the Globalist plan to usher in socialism and crash the world economies.

This means the declining dollar will be close to worthless and those who are awake to this evil plan are getting their money and families safely ashore while they still can.

Tucker Carlson Urges Everyday Americans to Get Their Money Out of the US Dollar

December 22, 2020 

“That’s OUR Money, You’re Destroying” – Carlson

The globalists are destroying the US dollar with each passing day. While hyperinflation is great for the rich and ruling class, it crushes hardworking Americans leaving their savings, pensions and retirements worth little to nothing.

The elite are swimming in debt and therefore need hyperinflation. They’ve gotten rich by leveraging debt so when the US government prints trillions of dollars, they owe less.

The more money circulating, the less they owe. The more money circulating, the less it’s worth. 

Carlson urges everyday Americans to get their money off the sinking ship, that is the US dollar, and onto drier, safer and greener pastures.

The post Rush Thanks Listeners in Emotional Last Broadcast of 2020 and Issues a Final Warning! appeared first on Conservative Maven.

The post Tucker Carlson Urges Everyday Americans to Get Money Out of US Dollar appeared first on Conservative Maven.

The Elites plan dramatically increases the power of government reach through social programs such as The Green New Deal. They also plan to coerce larger corporations to support left-wing causes by using vast regulatory schemes and government.

Two justifications catapulting the “Great-Reset” into action are the COVID-19 pandemic and “climate crisis” caused by global warming, their words.

The ‘Great Reset’ would fundamentally change much of society by strengthening and expanding the power of government. The head of the World Economic Forum, Klaus Schwab wrote, “the world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions. Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. In short, we need a ‘Great Reset’ of capitalism.”

This globalist plan may sound fringe and unrealistic however, it has already garnered the backing of influential leaders, activists, academics and institutions worldwide. This includes the International Monetary Fund, heads of state, CEOs and presidents of large corporations such as Microsoft and MasterCard.

Many are left wondering whether a Biden presidency would support such a radical plan.

While Biden and his team have kept quiet on the issue there is much speculation they are in full support and would attempt to impose it on the United States.

During a panel discussion hosted by the World Economic Forum, John Kerry, Biden’s would-be special presidential envoy for climate change, assured the Biden administration is in full support of the radical plan, “And yes, it [the Great Reset] will happen,” Kerry continued. “And I think it will happen with greater speed and with greater intensity than a lot of people might imagine. In effect, the citizens of the United States have just done a Great Reset. We’ve done a Great Reset. And it was a record level of voting.”

The globalists are pushing this evil and demonstrative agenda by arguing the Great Reset is necessary to slow the “climate crisis.” Kerry on Biden’s behalf, “I know Joe Biden believes … it’s not enough just to rejoin Paris [the Paris Climate Accords] for the United States. It’s not enough for us to just do the minimum of what Paris requires.”

These comments and others made by Kerry about the Great Reset are extremely important being that he will be directly working with these international institutions that have already expressed their support of this evil.

It is now crystal clear that Biden, Kerry and the rest of the Biden administration support and plan to usher in this disgusting plan that, if implemented, will forever change the course of this great country.

The post John Kerry reveals Biden’s dedication to radical globalist “Great Reset” movement appeared first on Conservative Maven.

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