In Tom’s newest update, he talks about the recent big move in gold and how Central Banks continue to acquire record amounts of yellow metal with the expectation of a future currency reset. Tom says through conversations with his contacts over the past 43 years; they have never seen anything like the current situation in the financial markets. They believe some very bad things are on the horizon as central banks continue to print money and drop interest rates below zero.
Furthermore, U.S. public debt is the highest in history under the Trump Presidency. And let’s not forget the interest on the debt increased another 10 %, up an additional $42 billion in the first three-quarters of the fiscal year. While the U.S. Treasury 10 Year Bond is still trading at 2.0%, the German 10 Year Bund is now a -40 bases points (-0.4%), down from +60 basis points (0.6%) in October 2018. So, the German 10 Year Bund is at the lowest rate ever. Just ten years ago, the German 10 Year Bund’s rate was 4.50%
Tom also discusses the Gold-Silver Ratio and how silver is now at mining costs. However, Tom believes the silver price will outperforming gold during the next precious metals bull market.
Lastly, Tom concludes by saying the Fall is going to be ripe for some significant market correction. So, precious metals investors should get prepared for what’s coming.
Tom Cloud has been in the precious metals business for 43 years, since 1976. He has a lot of experience in the precious metals industry and understands the gold and silver market better than most dealers in the industry.
If you are new to the precious metals market and had questions, Tom Cloud would be happy to answer any questions.
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