One of the first comments about the economy from Larry Kudlow after his appointment as Trump’s chief “economic” advisor was to advise anyone listening to “sell gold.” But why? Gold is irrelevant in the United States. Very few Americans care about silver and even less care about gold. So why bring attention headline attention to gold?
The simple, if not obvious, answer is that gold is the number one threat to the U.S. dollar. It’s the antithesis of gold. For a born again Catholic like Kudlow, gold is the anti-Christ.
Silver Doctors invited me onto its weekly Metals and Market Wrap show to discuss the February employment report, the appointment of Larry Kudlow and, of course, gold and silver:
Use these links if you are interested in learning more about IRD’s Short Seller’s Journal or Mining Stock Journal. Many of my short sell and junior mining stock ideas have been successful despite the lofty stock market and sideways trending precious metals market. I review both short and longer term trading/investment ideas in each issue.
The supply of gold, unlike paper money, is limited. Alchemists have tried for centuries to turn other metals into gold — but have never succeeded. Gold is a beautiful metal on its own and the lust for gold seems to be built into the DNA of mankind. If you own ten thousand ounces of gold, you can say that you will ALWAYS be wealthy. – Richard Russell
why Kudlow does not persuade Americans to stock up on wood pulp since this is what backs US fiat dollar? At least this would give Ameracans reasurance of something tangible they may hold together with the proverbial bag (also paper or just reusable plastic).
Dear Dave. Excellent article and very good interview too. I just listened to perma depressive Peter Hug at Kitco. Believe it or not he is wildly bullish for gold, especially for next week. I take this as a good omen.
Regards, Edward Boyes
Thanks! I have the article you sent me – I just have not had time to review it.
Talking about the anti-christ, you guys read this?
Inside The Shady Private Equity Firm Run By Kerry And Biden’s Kids
March 15, 2018
My frustration,” writes Peter Schweizer in his new book, “Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends,” “is not that the solid reporting on Trump has been too tough, but that the reporting on the Obama administration has been way too soft or in some cases nonexistent.” The author of the 2016 sensation “Clinton Cash” says Trump and his children didn’t invent the blurring of government and business, and details a number of ethical violations on both sides of the political aisle. One example: the little-noticed private equity firm run by the sons of Democrats Joe Biden and John Kerry, as detailed in this exclusive first excerpt.
Joe Biden and John Kerry have been pillars of the Washington establishment for more than 30 years. Biden is one of the most popular politicians in our nation’s capital.
Some of their transactions are nevertheless traceable by investigating world capital markets. A troubling pattern emerges from this research, showing how profitable deals were struck with foreign governments on the heels of crucial diplomatic missions carried out by their powerful fathers. Often those foreign entities gained favorable policy actions from the United States government just as the sons were securing favorable financial deals from those same entities.
Nowhere is that more true than in their commercial dealings with Chinese government-backed enterprises.
Rosemont Seneca joined forces in doing business in China with another politically connected consultancy called the Thornton Group. The Massachusetts-based firm is headed by James Bulger, the nephew of the notorious mob hitman James “Whitey” Bulger. Whitey was the leader of the Winter Hill Gang, part of the South Boston mafia. Under indictment for 19 murders, he disappeared. He was later arrested, tried, and convicted.
James Bulger’s father, Whitey’s younger brother, Billy Bulger, serves on the board of directors of the Thornton Group. He was the longtime leader of the Massachusetts state Senate and, with their long overlap by state and by party, a political ally of Massachusetts Senator John Kerry.
Less than a year after opening Rosemont Seneca’s doors, Hunter Biden and Devon Archer were in China, having secured access at the highest levels. Thornton Group’s account of the meeting on their Chinese-language website was telling: Chinese executives “extended their warm welcome” to the “Thornton Group, with its US partner Rosemont Seneca chairman Hunter Biden (second son of the now Vice President Joe Biden).”
https://nypost.com/2018/03/15/inside-the-shady-private-equity-firm-run-by-kerry-and-bidens-kids/
Why anybody can even consider believing those idiots ??!!
Gold maybe going down temporary , but in it’s going up for long run.
Kudlow may believe himself to be a “born-again Catholic”, but according to the Bible, it is not possible to be BOTH a Catholic (trinitarian, refuses to keep the 4th commandment, etc.) AND be “born again” (by making the Biblical Yeshua of Nazareth one’s Lord and Savior). These are mutually-exclusive behavior patterns.
I meant of course Kudlow and Bankers . They only look after themselves !!!.
If the government is telling you to sell gold you better believe it’s time to buy some, as much as you can. I promise you you’ll be glad you did.
Good to know. Kitco is such a paradox to me, they sell precious metals, yet they post so many bearish comments . I’m started to wonder if they’re a front for the government. Think about it. If you buy from them the government then knows who has been buying gold and dumping soon to be worthless fiat paper.
I can’t help but wonder why Gary Cohn Goldman Sachs CEO resigned at roughly the same time Loyd Blankstein announced he will step down at the end of the year. Coincidence? Two of the most powerful men in finance decide to move on from prestigious posts of influence? What’s interesting is that both Gary Cohn and Loyd Blankstein both were heads of the commodities department at Goldman Sachs. The replacement for Gary Cohn is Larry Kudlow ex Bear Stearns and financial TV host. I believe Bear Stearns once held the large silver short postition on the Comex. I’m wondering if the Goldman guys are going to leave Kudlow holding the bag… just like they did with Bear Stearns and the CDOs. Funny how one of the first things Kudlow proclaims is that the the Dollar is good and gold is bad. Yet the two guys knowing the most about gold and commodities quietly left the room.
ok its easy: China plus Russia is 1.5 billion people…they love Gold while usa is 330 miilion zombies who r brain-washed anti-gold.
Then India (1.3 billion people), Iran, Turkey all buying. Hey yankees, take a breath of fresh air!