Kitco NEWS

New: Jim Bullard ran the St. Louis Fed for 15 years. He sat in the international meetings where reserve managers talk to each other.

I asked him whether gold ever actually comes up. His answer, in short, is not much in the US, more overseas, and when the price runs it tells them something about faith in the institution.

He also puts the September rate decision at 10 to 9 inside the committee, says foreign central banks found physical gold more desirable than Bitcoin this year, and when I raised the $42.22 an ounce the US still carries its gold at, he said "why not mark to market."

Full interview up now

https://youtu.be/cRwG9tNtWEw

2 weeks ago | [YT] | 0

Kitco NEWS

Gold miners may have turned a bullish corner

But Felix Prehn says the most dangerous mistake is treating a mining stock like physical gold

“You don’t hold a miner forever”

In our new interview, he reveals the price and volume signals he watches before buying, when he starts preparing to sell and why today’s record mining cash flow may not produce meaningful new supply for another 15 years

Watch now: https://youtu.be/2_XNFPedc_8

What is harder: knowing when to buy a miner or knowing when to sell?

3 weeks ago | [YT] | 3

Kitco NEWS

Gold owners Steve Keen has an uncomfortable warning

When a crisis begins the safest asset may be what investors sell first to cover losses elsewhere

He also gives the AI bubble less than a year and says the next crisis will not begin like 2008

It starts when physical shortages hit companies that have never missed a payment

Watch the full interview: https://youtu.be/2wfGapJ6XMY

What breaks first?

3 weeks ago | [YT] | 4

Kitco NEWS

We booked someone this week who does not agree with most
of you. On purpose.

Barry Eichengreen is the world's leading historian of the
dollar. Central banks and the IMF read him. And he does not
believe gold can replace the dollar. He says it plainly and
we did not soften it.

He also told Jeremy Szafron that the safe half of a 60/40
portfolio may no longer be safe, that most central bank
gold buying is not a vote against the dollar, and that he
has changed his mind about how fast this could all happen.

Full interview on the channel now.

Tell us where you think he's wrong.

https://youtu.be/qmTIR2kk_cM

3 weeks ago | [YT] | 4

Kitco NEWS

EXCLUSIVE: Dr. Thomas Kaplan joined the show to discuss why he views the recent pullback in gold and silver as a "1987 moment" rather than a fundamental shift.

We covered his 33-year hold on Sunshine Silver, John Paulson's involvement in the Donlin gold project, and why he ranks jurisdictional risk as the ultimate threat to capital.


As he noted regarding holding mining assets in unstable regions: "If there's ever a global downturn again, the only thing that's producing cash is the gold or the silver. They will take it from you."


Watch the full interview here: https://youtu.be/PRmmJrP1y4Q

3 weeks ago | [YT] | 6

Kitco NEWS

Ole Hansen on why gold isn't behaving the way the
textbook says it should:

"Look back at 2022 to 2023. Central banks were hiking
rates aggressively. Real yields in the US went from
negative to positive. And gold didn't move. At that
point it should probably have been five to ten percent
lower than where it traded."

His explanation is that the buyers who showed up
weren't rate sensitive. Central banks were taking
what Western funds were selling.

He thinks the same thing is happening again. ETF demand
out of the West stays muted because those investors are
still pricing off the dollar and the funding cost.
Buyers elsewhere, mostly in Asia, keep taking the metal
regardless.

30 year borrowing costs are at levels nobody's paid
since 2007, and gold is still well above where it was
a month ago.

Full interview is up.

https://youtu.be/PQYBL6DHO30

4 weeks ago | [YT] | 8

Kitco NEWS

Back after a week away.

Came home to gold at 4,425, silver up more than two and a half percent and running twice as fast as gold, and platinum up two. Board's green all the way down.

Gary Wagner's with me today. A month ago on this channel he killed his own $6,000 gold target. His reason was the rate hike, and he called a hike poison to gold.

That hike is off the table now. Gold's up about 300 dollars. And not one of the downside levels he gave us was ever tested.

So I'm asking him whether the call comes back, and where he thinks this stops.

Thanks for sticking around while I was out.

-JS

4 weeks ago | [YT] | 112

Kitco NEWS

America's gold sits on the government's books at $42.22 an ounce.

A price fixed by law in 1973 and never changed.

At today's price that same gold is worth over $1 trillion. On paper it's $11 billion.

Economic historian Phillip Magness calls it "one of the great mysteries that comes out of the Nixon era." Full interview out today.

https://youtu.be/-u-KGcXACFo

1 month ago | [YT] | 216

Kitco NEWS

The market reversed while our cameras were rolling.

Gold surged above $4,100 after the Fed held rates. Before the interview ended, that breakout was fading and the 30 year yield was racing toward 5.20%.

Gareth Soloway tracked the reversal and the levels that matter in real time.

The full interview is out now:

https://youtu.be/I5KLC0vceTQ

1 month ago (edited) | [YT] | 3

Kitco NEWS

$35 gold in 1971. Over $4,100 today.

That's not a gold story, it's a dollar story. Our new sit-down with constitutional scholar William Watkins is live 👇

Backing the dollar today? He says one thing: force.

https://youtu.be/ZS_U-32h9W8

1 month ago | [YT] | 11