Metal Mania Starts Soon

Gold shines again… [The Daily Reckoning] September 21, 2024 [WEBSITE]( | [UNSUBSCRIBE]( Metal Mania Starts Soon Baltimore, Maryland [Adam Sharp] ADAM SHARP Dear Reader, I’ve had at least a dozen Uber drivers pitch me on suspect investments. For a while, it seemed like every trip came with free, and invariably horrible, picks. Interestingly, I’ve never had a driver, or a barber for that matter, pitch me on gold and silver. Despite gold regularly breaking out to new highs, we really haven’t yet seen any signs of a typical retail mania. Looking at Google trends, there are no signs of increased investor interest in precious metals. Here’s a chart showing Google search volume for “gold price” over the last year. [image 1] Barely any movement. Other search terms such as “buy gold online”, “gold etf”, which would indicate growing interest, are similarly flat. Despite solid performance, gold and silver are not yet hot commodities. A 2023 survey by Bank of America showed that 71% of financial advisors had a 0-1% allocation to gold. Only 27% had a 1-5% exposure rate. [image 2] Perhaps even worse, only 2% of advisors report a 5-10% allocation to gold. Madness. [Claim Your Starlink Pre-IPO Prospectus]( [Click here for more...]( This is a critical and time-sensitive message. It’s regarding Starlink, which is expected to be the largest IPO in history – set to take place in as little as a few weeks. And for the first time ever, we’ve found a way for you to profit BEFORE the IPO happens. One of the world’s top venture capitalists and Silicon Valley insiders has just released all of the details… including a prospectus… in this short message. Discover how to take action BEFORE the IPO. [Click Here ASAP]( So if investors aren’t snatching up all the gold, what’s driving the price up? Central bankers are buying in droves. The [chart]( below shows purchases by country in 2024 through July. [image 3] According to the World Gold Council, central banks added 37 tons in July alone. That’s up 206% month-over-month. There’s no sign of central banks slowing their buying anytime soon. It’s also important to note that we don’t have great data on Russia or China, which could both be buying substantially more bullion than reported. There’s rich irony in the fact that the primary gold bulls today aren’t individual investors, it’s the guys running the fiat printers. This is an insider buy signal at a global scale. And these aren’t fickle day traders in for a quick flip. These central banks have a new reserve policy, and it appears to heavily favor gold. Gold Re-Emerges as a Reserve Asset Over the past 75 years, the U.S. dollar emerged as the world’s leading international reserve asset. It eclipsed gold in the early 1990’s and remains dominant to this day. But the trend has finally flipped. Today, gold as a percent of international reserves is climbing, and the dollar is falling. [image 4] This is a monumentally important trend. De-dollarization is actually beginning to happen. But central banks aren’t switching to the Chinese renminbi or the euro, they’re reverting to classic hard currency: gold. It’s re-goldification on a massive scale. The era of fiat dominance may well be in its twilight years. And good riddance. Being home to the world’s reserve currency has hollowed out the U.S. manufacturing base and caused spending to spiral out of control. [Man Who Predicted Biden's Drop Out In October Issues Shocking New Election Prediction]( [Click here for more...]( After calling Biden's withdraw, former White House advisor Jim Rickards issues an even more shpcking election warning... [Watch This Video To Learn More]( Metals Mania Starts at $3k Gold All of this helps confirm my view that we are still very early on precious metals. Fed printing operations are just now about to start back up. QE will eventually reignite, and the scale will likely dwarf previous episodes within a few years. Depending on who wins the White House, a stimulus program may be in the works as well. Gold and silver are absolutely crucial aspects of a modern portfolio, and are still wildly under-owned by investors. In the next 5 years, we will likely see a number of sovereign debt crises, and/or sustained inflation above 10% in a number of countries. The piles of government debt have simply grown out of control. Lower interest rates will help cut the debt servicing costs (interest expenses). But there’s a good chance it will also reaccelerate inflation. No matter which path we choose, the piper will be paid for past excesses. Eventually, we will experience a true precious metal mania. I suspect it will begin when gold hits $3,000 and silver breaks out above $49.45, its 1980 all-time high. Everyone will be buzzing about gold and silver. Your neighbors, friends, and colleagues. And it will be glorious. Fortunately, we’re not there yet and still have time to prepare. We may even get a pullback after gold’s impressive run from $2,000 in Feb 2024 to $2,569 as I write this on Sept 17 2024. But then again, we may not... Sincerely, Adam Sharp Guest Contributor, The Daily Reckoning [feedback@dailyreckoning.com.](mailto:feedback@dailyreckoning.com) P.S. Our #1 trader is issuing a brand-new trade alert… …which will hit inboxes as soon as Monday morning, at 9:30 am. This trade is hand-crafted to protect your portfolio from the election chaos coming over the next several months… But you are currently INELIGIBLE to receive this election trade. There is still time to change that - [click here for more info.]( Because this trade has the potential to double your money in a matter of days… [And this strategy will be crucial to surviving the market uncertainty that awaits us this election season.]( Thank you for reading The Daily Reckoning! We greatly value your questions and comments. Please send all feedback to [feedback@dailyreckoning.com.](mailto:feedback@dailyreckoning.com) [Brian Maher] [Adam Sharp]( has been a financial writer and Fed watcher since 2008. He is a contrarian who specializes in non-traditional assets. Adam founded and sold Early Investing, a newsletter about alternative investments. Sharp lives in Maryland with his wife, two children, and two dogs.. [Paradigm]( ☰ ⊗ [UPDATE PREFERENCES]( [Contact Us]( © 2024 Paradigm Press, LLC. 1001 Cathedral Street, Baltimore, MD 21201. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your The Daily Reckoning e-mail subscription and associated external offers sent from The Daily Reckoning, feel free to [click here,]( or manage your newsletter preferences [here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. 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