Loading ...JEFF CHILDERS : EPIC PIECE ON GOLD AND SILVER IN TODAY’S COFFEE AND COVID
POSTING HERE AS A STAND ALONE : AS USUAL JEFF HAS AN UNIQUELY BRILLIANT TAKE :
Yesterday, Barron’s breathlessly reported that, “Gold Surges Past $5,000 for First Time, Silver Soars Again. Why They Can Keep Rallying.” This historic milestone was terrific news, but you wouldn’t know it from the story. If your only source is useless corporate media, you are drowning in a bathtub of lukewarm misinformation.
It was welcome news for the precious metals crowd, who are celebrating like drunken longshoremen whose ship finally came in, and gloating about how all their predictions for the last 25 years are finally coming true. Meanwhile, corporate media is dishing up a cafeteria of silly, speculative explanations, with about as much nutritional value as a strip-mall Asian buffet. Their stories offer loony and unpersuasive reasons like the Venezuela raid, FOMO, market panic, interest rate cuts, AI, Greenland, body positivity, the nation’s appalled response to Star Trek Academy, and cat scratch fever.
The real reason may be much more straightforward and fantastically better than all media’s nonsense. The price charts provide the best evidence. It seems likely that the prices of gold and silver were artificially suppressed for a very long time, probably by carefully calibrated pricing by mole-like bureaucrats in the Fed’s basement. I mean, just look at it.
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Yes, I have found it odd that we had all the Fort Know audit talk, and then nothing. Somethings afoot….
Surging! Soaring! And other dynamic verbs! Gold and silver have smashed historic records, floating like Chinese weather balloons right past the psychological price points of $5,000 and $100 an ounce, respectively. With no sign of any upper limit, I might add, and defying all inflationary metrics.
According to hotly disputed official U.S. inflation figures, $1 in 2016 is now only worth around $0.73. Thanks, Joe Biden! That figure is almost certainly understated. Most economists agree that the real rate of inflation over the last 10 years is at least 40%. As eye-watering as that number is, it’s not even close to explaining the recent explosion in gold and silver.
The real reason may be much more straightforward and fantastically better than all media’s nonsense. The price charts provide the best evidence. It seems likely that the prices of gold and silver were artificially suppressed for a very long time, probably by carefully calibrated pricing by mole-like bureaucrats in the Fed’s basement. I mean, just look at it.
Here’s gold:
Does that look natural to you?
…..
Fully’s Note…Ha…No Jeff …THIS AIN’T NORMAL !!
……..
So that’s one dot on the board. Next, remember all the buzz right after Trump returned to office last year, when DOGE was still big news, about how he and Elon Musk wanted to “audit” Fort Knox? ABC, March 5th, 2025:
https://abcnews.go.com/Politics/trump-musk-raise-questions-nations-gold-fort-knox/story?id=119219700
Congress even began rumbling about funding a gold audit. But shortly after that initial Fort Knox chatter, all discussion of auditing Fort Knox abruptly ended —poof! Headline from Tavex Bullion, summer 2025
https://tavexbullion.co.uk/why-did-trump-and-musk-suddenly-go-silent-on-fort-knox-gold/
— and then the prices of gold and silver launched like SpaceX rockets.
? To be clear, there is no direct evidence that an actual DOGE?run audit uncovered any missing gold stores. In public, Treasury and the Mint insist that “the gold is present and accounted for.” We’re just connecting dots from up in the cheap seats, but the simplest explanation is that Trump gained some leverage, and whatever covert government agency was suppressing prices on precious metals stopped doing it— allowing these commodities to finally seek their natural prices.
It’s not a chemtrail-level theory. We know they can do it. The government has admitted to manipulating gold and silver prices before. But why would Trump lift the price controls? The answer is obvious.
One huge problem when Trump arrived was that China and the BRICS were buying up and hoarding underpriced gold and silver faster than Tolkien’s greedy dwarves. That needed to stop. But even more importantly, Team Trump had plans for the gold. Treasury Secretary Scott Bessent publicly teased that he wanted to revalue and monetize our Fort Knox gold stockpile. Trump and Howard Lutnick suggested the extra money could seed a sovereign wealth fund.
https://fortune.com/2025/02/23/us-gold-reserves-repricing-fort-knox-trump-musk-treasury-federal-reserve/
In other words, gold has always been a core part of Trump’s economic plan. And if re-pricing gold is in the plan —which would be easy and logical— it also seems logical they would first want to allow the price of gold to float back to market before undertaking any revaluation, to get the best possible price. It’s the Art of the Deal. Buy low, sell high.
Believe it or not, gold is currently valued on the nation’s books at only $42.22 an ounce ($11 billion total). Marking our 262 million-ounce stockpile to market would instantly create around $1.3 trillion in value. It would also stymie the BRICS, give Trump a vast financial playground, and be more accurate and realistic. Shazam.
Still, in all its overheated gold reporting, useless corporate media never mentions any of this significant background. Instead, media prefers to vomit up wild fantasies about anxious investors fretting over Trump’s Greenland deal and buying up gold to prepare for some whimsical apocalypse.
But —before they caught on that it was helping Trump’s plan— they were able to speculate about my proposed scenario. The Economic Times, February 24, 2025— before the gold surge:
https://economictimes.indiatimes.com/news/international/us/could-fort-knox-hold-the-key-to-the-next-gold-price-explosion-treasury-dismisses-revaluation-of-the-yellow-metal-but-markets-smell-opportunity/articleshow/118540220.cms
See? It’s right there in the headline. Fort Knox was the key to the next gold explosion. But now that Trump’s plan is unfolding, reporters, mimicking Mr. Magoo, can’t see it at all. Thanks, media.
The most likely scenario is that Trump is doing exactly what he said he would and putting America first. Every additional dollar in the price of gold (and trailing along with it, silver) makes America stronger, regardless of whether any of us have personally buried bullion in our backyards.
But if you do have buried bullion, it’s even better.