People’s Bank of China’s Governor warns of potential sharp correction and Minsky Moment.
Venezuela lets $1.7 billion gold swap with Deutsche Bank Lapse.
China Issues $2 billion in Dollar Denominated Bonds – 11X Oversubscribed.
China hopes its State Owned Enterprised US Dollar borrowing costs will be lowered.
China to purchase 24% of all Chinese residential real estate in 2017.
Continued Pump and Circumstance from the Gold Backed Yuan Crowd.
Video Commentary to “Chinese Central Bank Governor Warns on China’s Growing Debt Pile”
Watch also on Vidme below
You can buy Bitcoin, Ethereum and Litecoin through Coinbase.
Click HERE to open a coin base account and get $10 of free Bitcoin.*
Click Here to Get the Smaulgld 2017 Silver Report
Check out all the Smaulgld podcasts here.
Not a Smaulgld subscriber? Sign up here.
Donate To Smaulgld.com via paypal
Gold and silver.
Gold closed last week at $1280.00 an ounce and closed this week at $1273.20 -0.5%
Silver closed last week at $17.00 an ounce and closed this week at $16.84 -0.9%
The gold and silver ratio ended the week at 75.61:1
Gold and silver are not the same metals, they have different properties and different uses. Relative rarity is not the only determinate in arrive at price.
Silver is a spike and dive metal.
Donate To Smaulgld.com via paypal
Please consider making a small donation to Smaulgld.com. Thanks!
Sign Up For Smaulgld.com Updates Here!
Donate To Smaulgld.com via paypal
Tweets of the Week
https://twitter.com/Smaulgld/status/922223953640378370
https://twitter.com/Smaulgld/status/922378102789025793
https://twitter.com/Smaulgld/status/922381568085250048
https://twitter.com/Smaulgld/status/922485538451488768
https://twitter.com/Smaulgld/status/922486105638916096
https://twitter.com/Smaulgld/status/922489123218296832
https://twitter.com/Smaulgld/status/922969770944815104
https://twitter.com/Smaulgld/status/922501939434278913
https://twitter.com/Smaulgld/status/922566961774469125
Venezuela loses approximately 1.3 million ounces or 40 tons of gold.
https://twitter.com/Smaulgld/status/922567510116810752
https://twitter.com/Smaulgld/status/922969770944815104
https://twitter.com/Smaulgld/status/923151096834613249
https://twitter.com/Smaulgld/status/923191745172721665
https://twitter.com/Smaulgld/status/923149647375454208
https://twitter.com/Smaulgld/status/923146276975382528
TREASON!
https://twitter.com/Smaulgld/status/923142780259590144
https://twitter.com/Smaulgld/status/923142520208592896
Governor of the People’s Bank of China, Zhou Xiaochuan:
“If there is too much pro-cyclical stimulus in an economy, fluctuations will be hugely amplified,” Zhou stated. “Too much exuberance when things are going well causes tensions to build up. That could lead to a sharp correction, and eventually to a so-called Minsky moment. That’s what we really must guard against.”
Yin Zhongqing, deputy director of the National People’s Congress finance and economics committee, said in a speech (in August):
“The real estate industry’s excessive prosperity has not only kidnapped local governments but also kidnapped financial institutions—restraining and even harming the development of the real economy, inflating asset bubbles and accumulating debt risk. The biggest problem currently facing the country is how to reduce reliance on real estate.”
Quote Source: World Socialist Web Site
Minsky moment- a sudden collapse of asset prices after an extended period of price appreciation caused by debt fueld speculation. At some point the debt growth exceeds the asset value growth and BOOM.
https://twitter.com/Smaulgld/status/923200684106936320
https://twitter.com/Smaulgld/status/923307828378554370
https://twitter.com/Smaulgld/status/923336406084317184
https://twitter.com/Smaulgld/status/923348197564657665
https://twitter.com/Smaulgld/status/923524718690537472
https://twitter.com/Smaulgld/status/923522714593263618
https://twitter.com/Smaulgld/status/923573029581541377
https://twitter.com/Smaulgld/status/923573392267194369
The most expensive grilled cheese in the world costs $214 and is gilded with real gold https://t.co/BsIzDjGVTV
— CNBC (@CNBC) October 25, 2017
https://twitter.com/Smaulgld/status/923607152064901120
https://twitter.com/Smaulgld/status/923867084358127616
https://twitter.com/Smaulgld/status/923608044239572992
https://twitter.com/Smaulgld/status/923884261798825984
https://twitter.com/Smaulgld/status/923878910110130176
https://twitter.com/Smaulgld/status/923883841454071808
https://twitter.com/Smaulgld/status/923881920848629760
https://twitter.com/Smaulgld/status/923880063199739906
https://twitter.com/Smaulgld/status/923907796877348869
https://twitter.com/Smaulgld/status/923903845000011776
https://twitter.com/Smaulgld/status/923941447807787009
https://twitter.com/Smaulgld/status/924011839339532288
https://twitter.com/Smaulgld/status/924031288125767682
https://twitter.com/Smaulgld/status/924035030002712576
https://twitter.com/Smaulgld/status/924226384037404673
no gold, no physical oil delivery and oil priced in dollars
https://twitter.com/Smaulgld/status/924224672987795457
https://twitter.com/Smaulgld/status/924029879837790208
https://twitter.com/Smaulgld/status/924608738874585088
https://twitter.com/Smaulgld/status/924630553067970560
Here are the stories we wrote, followed or commented on:
October 23, 2017
From Smaulgld.com
IT’S BEEN A YEAR SINCE PEOPLE’S BANK OF CHINA ADDED GOLD TO RESERVES
US Mint Sales Update
U.S. Mint reported selling 175,000 American Silver Eagles and 3,500 American Gold Eagles today.
MTD American Silver Eagles sold 925,000 & American Gold Eagles sold 10,000
YTD American Silver Eagles sold 16,823,500/American Gold Eagles sold 180,000
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
The U.S. Mint reported selling 1,000 American Gold Buffalo coins.
MTD 4,500 sold
YTD 81,000 sold
The U.S. Mint sold 0 of the first America the Beautiful Coin of 2017 today – the Effigy Mounds National Monument coin. YTD Effigy Mounds ATB coins 35,000. The US Mint sold 0 Frederick Douglas National Historical Site ATB coins and 0 of the Ozark National Scenic Riverways.
The US Mint sold 0 Ellis Island ATB coins today
Total YTD ATB coin sales 35,000 Effigy Mounds National Monument coins, 20,000 Frederick Douglas National Historical Site, 20,000 Ozark National Scenic Riverways ATB coins and 40,000 Ellis Island ATB coins. Total 115,000
October 24, 2017
From Smaulgld.com
US Economic Data
October 25, 2017
From Smaulgld.com
CHINA TO ISSUE U.S. DOLLAR BONDS WORTH $2 BILLION THIS WEEK
US Economic Data
October 26, 2017
From Smaulgld.com
US Mint Sales Update
U.S. Mint reported selling 75,000 American Silver Eagles and 0 American Gold Eagles today.
MTD American Silver Eagles sold 1,000,000 & American Gold Eagles sold 10,000
YTD American Silver Eagles sold 16,898,500/American Gold Eagles sold 180,000
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
The U.S. Mint reported selling 1,000 American Gold Buffalo coins.
MTD 5,500 sold
YTD 82,000 sold
The U.S. Mint sold 0 of the first America the Beautiful Coin of 2017 today – the Effigy Mounds National Monument coin. YTD Effigy Mounds ATB coins 35,000. The US Mint sold 0 Frederick Douglas National Historical Site ATB coins and 0 of the Ozark National Scenic Riverways.
The US Mint sold 0 Ellis Island ATB coins today
Total YTD ATB coin sales 35,000 Effigy Mounds National Monument coins, 20,000 Frederick Douglas National Historical Site, 20,000 Ozark National Scenic Riverways ATB coins and 40,000 Ellis Island ATB coins. Total 115,000
October 27, 2017
From Smaulgld.com
FORGET THE PETRO YUAN, HERE COMES THE DOLLAR BACKED YUAN!
October 28, 2017
Check out all the Smaulgld podcasts here.
Not a Smaulgld subscriber? Sign up here.
Donate To Smaulgld.com via paypal
Donate To Smaulgld.com via paypal
Sign Up For Smaulgld.com Updates Here!
Donate To Smaulgld.com via paypal
Donate To Smaulgld.com via paypal
Sign Up For Smaulgld.com Updates Here!
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
Donate To Smaulgld.com via paypal
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
-----------------------------------------
If you have enjoyed this report, please consider sharing it, buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to Smaulgld.com.
Please consider making a small (or large!) donation to Smaulgld.com. Thanks!
Get Free Updates From Smaulgld.com
Subscribe to Smaulgld.com to receive free gold and silver updates, news and analysis.
Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.
You can support Smaulgld.com by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the BGASC, Money Metals Exchange, Gold Broker, Golden Eagle Coin, GoldMoney, SD Bullion and Canadian Mint ads on the site.
Browse Collectible Coins on Amazon
*DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site. Smaulgld may hold positions in any or all the assets discussed in this blog post.
Disclaimer: Information presented here has been obtained from third parties and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.
The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.
The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.
Send Litecoin to this address:
