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PART 1   https://www.youtube.com/watch?v=rvrPXIXiNrA   PART 2   https://www.youtube.com/watch?v=hc5I4yvx3TQ  

Following yesterday's US PPI print at record highs, overnight we saw Chinese producer prices rising at their fastest pace in 26 years, and this morning's US consumer price data was expected to show yet another non-transitory surge in inflation... but the actual surge was far bigger than expected. US Consumer prices soared 6.2% YoY in October, far higher than the +5.9% YoY expected and accelerating from September's 5.4% YoY; that was the highest print since June 1982...

https://www.youtube.com/watch?v=7C2AfjtWhCU

https://youtu.be/Z9dG2s9nqgw?t=17

https://www.youtube.com/watch?v=QHKOirpEkqc

Demand for gold jewellery doubles in first half of 2021 For many affluent young Chinese consumers, modern simplicity is out and tradition is back in when it comes to jewellery. Sales of gold bracelets, pendants, earrings and necklaces that draw on dragons, phoenixes, peonies and other traditional Chinese patterns and symbols are flying among consumers, especially those in their 20s and 30s, helping drive a rebound in gold demand in the country after a pandemic-induced slump. An e-commerce boom and national pride are fuelling the rise in demand for what is known as heritage gold jewellery, which requires intricate craftsmanship and can command premiums of 20% or more over conventional gold jewellery, industry executives say.

With continued strong demand for precious metals, U.S. Mint Gold Eagle Sales already surpassed last year’s total, and there are still four months remaining in the year. That turns out to be a great deal of investor money. At $1,900 per coin, that’s $1.6 billion so far this year. Also, Silver Eagle sales nearly reached four million in August. Most Dealers are still charging between $9-$10 over spot for the brand-new redesigned 2021 Silver Eagles. The U.S. Mint sold an average of 936,000 Silver Eagles per week and 32,400 oz of Gold Eagles per week in August. Thus, the Silver Eagle to Gold Eagle buying ratio has been lower this year at 27/1 due to the strong demand for gold. The U.S. Mint updated its website today, reporting 847,500 oz of Gold Eagle sold this month compared to 844,000 oz sold for Full-year 2020.

Silver is now regarded as the best value hard asset around, and it really doesn’t matter in the long-term whether J P Morgan and the other banks try to suppress the price or not, because like gold it has intrinsic value and in the situation of high inflation that we are moving into and that has already started, when most asset prices are surging it is illogical to think that silver won’t do likewise. If they insist on trying to sit on it all that will happen is that the physical market will break completely from the paper market will be increasingly perceived as absurd. We should therefore take advantage of its current relatively very low price to accumulate silver investments across the board.