The Wrong Message: Treasury Buyback Juices Debasement Trade, Boosts Gold and Silver

The debasement trade continues to gain momentum with more countries and investors spurning dollars for gold. It's a question of trust. Do you trust dollars, or gold? As host Mike Maharrey explains, more people are losing faith in fiat dollars, and they're turning to the yellow metal as a safe haven for their wealth. In this episode of the Midweek Memo podcast, Mike highlights two stories that broke last week, illustrating the whats and whys behind the debasement trade.  First, he covers the world's largest sovereign wealth fund announcing a reduction in Treasury holdings. He follows that up by highlighting another example of gold repatriation.  Along the way, he makes the case for a "forever" gold bull market.

This week, Brien Lundin explains why Fed rate-hike fears may be overblown. He sees debt, rising yields, and currency debasement fueling the gold and silver bull market.   Don't forget to also follow us on social media for more important precious metals updates! https://www.youtube.com/@Moneymetals | https://www.facebook.com/MoneyMetals | https://instagram.com/moneymetals/ | https://twitter.com/moneymetals | https://www.pinterest.com/moneymetals/

Last week, Federal Reserve Chairman Kevin Warsh talked gold and silver down during his Jackson Hole speech, playing the tough guy facing down inflation.  But as Mike Maharrey reminds listeners in this week's Midweek Memo, Warsh & Co. still hasn't done a darn thing to tackle inflation.  Why not? Mike says the Fed is stuck on a highway with no off-ramp. It's traveling in a direction it doesn't really want to go because the debt black hole is dominating the economy. In this episode, Mike explains the 40 trillion reasons for the lack of action by the Warsh Fed so far, the ramifications if the Fed finally bites the bullet and raises rates, and why this puts gold and silver on an uphill highway with no off-ramp.

Peter Krauth, author of the book The Silver Bull and publisher of Silver Stock Investor, tells us why he believes that even with the recent advance in the silver price over the last several weeks the white metal is still undervalued and much more. Don't forget to also follow us on social media for more important precious metals updates! https://www.youtube.com/@Moneymetals | https://www.facebook.com/MoneyMetals | https://instagram.com/moneymetals/ | https://twitter.com/moneymetals | https://www.pinterest.com/moneymetals/

Last week, Treasury Secretary Scott Bessent announced plans to buy back long-dated Treasuries to lower yields. The markets got a different message. The Treasury move reignited the debasement trade and sent both gold and silver sharply higher. In this episode of the Midweek Memo podcast, host Mike Maharrey explains what the Treasury Department hoped to do and the message it sent the markets instead. Meanwhile, some people regret missing out on the last gold bull run. If you're one of them, Mike explains why it's not too late to get in on the next move up.

David Morgan of The Morgan Report, tells us why he believes we're witnessing the playing out of a battle between gold & silver and the U.S. Treasury & credit markets as the safest and most trusted investment vehicle and more.   Don't forget to also follow us on social media for more important precious metals updates! https://www.youtube.com/@Moneymetals | https://www.facebook.com/MoneyMetals | https://instagram.com/moneymetals/ | https://twitter.com/moneymetals | https://www.pinterest.com/moneymetals/

There is a giant debt black hole, and it is warping everything around it in the economy.  When we mention the debt black hole, you probably think of the national debt first. It is on the verge of eclipsing $40 trillion. But consumers and corporations are also leveraged to the hilt. In this episode of the Midweek Memo podcast, host Mike Maharrey exposes the ramifications of the debt problem by highlighting the growing risk of a private credit market meltdown and explaining how it could impact the broader financial markets and the economy.  He also proposes four reasons why central banks are piling up gold and replacing dollars. (These two themes overlap!)

This week, Michael DiRienzo, President and CEO of The Silver Institute, provides an update on how things look when it comes to the industrial demand side of things for silver, and how the years-long structural supply deficit is likely going to continue to be a factor worth watching as we move forward here in the silver market.

Dollar dominance is eroding. And recent moves by the U.S. and Japan to support the yen underscore this reality. On this week's Midweek Memo podcast, Mike Maharrey explains the recent intervention to support the yen and why it signals the dollar ain't what it used to be. He explains the mechanics of the intervention, what it tells us about the state of the bond market, why it looks bad for the greenback, and what it could mean for gold.  In this episode, Mike also talks about Rand Paul's field trip to Fort Knox and why his insistence that he knows the gold is all there is ridiculous.

Coming up don't miss our exclusive interview with Edward Sterck of the World Platinum Investment Council. Mike Maharrey and this week's guest dive into the Platinum Group Metals and in particular discuss why we've seen a divergence between the price of platinum and the price of palladium and what's behind that dynamic.