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Alasdair Macleod will help us today to understand the unprecedented action taken by the ECB with its Negative Rates announcement. Chris Martenson calls this move in the ECB policy: "Equivalent to A Neutron Bomb". The discrepancy between the FED and ECB induced paper wealth in the Bubble of Equity markets, sky-rocketing Fine Art and Real Estate prices and Gold market has increased very dangerously. This Inflationary Protection Assets prices stay in the sharp contrast with the heavily manipulated price of Gold. This situation can change very fast now. Alasdair shares his insight into the real Market of Physical Gold and what strategy is behind the unprecedented rate of Gold accumulation by Asia, with China calling the shorts now.
Chris Martenson: The Perfect Business Case - Exponential Money And Limited Resources Supply.
"It is very important to have the right information, when we are making our investment decisions. Some people will be right some of the time. That is why it is so important that you have the maximum diversity of information. But very soon you will be overloaded with the flood of opinions, pushed agendas and hired writers. You have to develop your own trusted sources. I have few of my own, which I will share with you here. Chris Martenson is one of them. This video explains why I am personally came into TNR Gold and building International Lithium now. He lays out The Perfect Business Case - Exponential Money And Limited Resources Supply.
There is not enough Resources for Everyone. We have Peak of Everything. Peak Oil, Peak Gold, Peak Copper. You can not print Oil, Copper, Gold or Silver. The more you print - the more valuable the limited Resources will be. The art is to find them and buy cheaper than you will be able to sell them later after de-risking the projects enough that other buyers would like to buy them. This what we do in TNR Gold and International Lithium. I will provide some links in case you are interested: Read more."Mining M&A: China's Top Gold Firm Talking To Barrick And Friedland As Copper Rallies.
TNR Gold Los Azules Copper: Chinese M&A - Watch Out For Las Bambas Effect.
"On Thursday, the European Central Bank (ECB) took the historically unprecedented step of lowering certain of its interest rates below 0%. In a report to our premium subscribers immediately following the announcement, Chris likened the move to the policy equivalent of dropping a neutron bomb.
In the days following, despite the ECB attempting to clarify its stance further, many questions still linger; most notably: What exactly will the implications of this negative interest rate (NIRP) policy be? We've asked our European correspondent, Alasdair Macleod, to lay things out in black as white as much as is possible. In this detailed podcast with Chris, he explains exactly what steps the ECB is undertaking, what the most probable ramifications will be, and where the highest degrees of risk now lie: PeakProsperity."
By Alasdair Macleod
The Russians came up with an extraordinary statement recently, central to why Russia and China are buying gold, the importance of which was missed by the media. President Putin said that "Russia and China need to secure their gold and foreign reserves." He may have been overstepping the mark in making comments about China's monetary policy, but he was unlikely to have done so without good reason. Furthermore it is impossible to secure foreign currency reserves, because they are at all times under the control of the issuing central banks. So what Putin was actually implying was that China and Russia need to secure their gold.
For those of us that follow these issues closely the emphasis on gold comes as no surprise. The reason this particular penny has not dropped in western markets is we do not think like they do. They emerged from failed communism based on Marxian creed. Keynesian and monetarist theories developed while most of Asia was in economic isolation, and is based less on Marx and more on Christianity. This means the Russians and Chinese have not automatically adopted western economic theory in the wake of communism's collapse: parts of it, yes, wholesale no. GoldSeek."
Disclosure: The author is long TRRXF, ILHMF.