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TGIF
Today we have some great weekend reading for investors—even young investors in the millennial generation. That’s right, millennials are now investing in precious metals in growing numbers. Also, a banking professional in Germany made some candid public statements that are quite shocking for a banker. And this news story may have fallen under your radar: GOP Senators just voted to return the American money system back to the gold standard. Yeah, today has some surprising news stories awaiting you, a comfortable couch, and some coffee.

Let’s dig in…

Stock Market
Millennials Flock to Precious Metals Investing
Precious metals have accelerated their surge over the past few days, and this seems to be drawing in younger investors, or as the Zero Hedge blog wrote: “As precious metals accelerated higher in the last few days, we joked (kinda) on Twitter that the surge in momentum would soon become a magnet for the new trading gurus manning their desks at home – whether in China or Chinatown – and send it to new all time highs.” And sure enough, one day letter, Zero Hedge was right – it’s happening.
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Price
Gold Wakes Up Sleepy Summer as Price Climbs to Record Territory
On July 23rd, the gold market was jumping, and has climbed over the last five sessions in a row, boosting prices upward as it gets closer to a new record. “Ordinarily this is the quiet time for gold—summer doldrums,” said Ross Norman, chief executive officer of precious metals news and information provider at Metals Daily. “Well, not this year. In reality, virtually everything is going gold’s way—record debt, epic increase in money supply, silver catching up, negative real yields, and even a dollar correction.”
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International
Deutsche Bank’s Top Credit Strategist Makes Shocking Statement that Grabbed Gold Investors Attention
After gold and silver performed spectacularly on Wednesday, a respected legacy banker made a public statement that is quite stunning considering it is coming from a legitimate professional of the financial industry and not some tinfoil hat wearing conspiracy theorist: “I am a gold bug…fiat money will be a passing fad in the long-term history of money.” WOW. HERE IS MORE ON WHAT HE HAD TO SAY ABOUT THE MONEY SYSTEM ([link removed])
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Commentary
Senate GOP Votes to Put U.S. Back on Gold Standard
On July 21st, Republican members of the Senate Banking Committee voted to move the country’s economic policy back to the 19th century. This occurred during a party-line vote to advance Judy Shelton’s nomination to the Federal Reserve Board to a floor vote by the full Senate. The motivation behind the support of Shelton is the foundation of her economic viewpoint is a return to the gold standard. The gold standard topic is controversial today, and this business columnist for the LA Times has his own strong opinion on this proposal.

SEE WHAT HE THINKS ABOUT RETURNING THE U.S. MONEY SYSTEM TO THE GOLD STANDARD ([link removed])

Price
Why is Silver Trading at a Nearly 4-Year High?
Silver futures marked their highest settlement in almost four years on Monday, boosted by a sharp climb in investment demand as the metal continues to play catch up to gains to its yellow metal cousin. “Trading in the gray metal is worth barely 10% of what gold sees each day, so hedge funds and other money managers wanting to catch up with the yellow metal’s jump towards new all-time highs might expect to get more bang for their buck in silver,” said Adrian Ash, director of research at BullionVault. READ MORE
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Stock Market
Precious Metals Momentum Prompts Robert Friedland to Unlock Platreef
Robert Friedland, owner of Ivanhoe Mines, announced he is planning to work advance its Platreef project. The project is located in South Africa’s Bushveld Complex, and Platreef has an indicated resource showing an estimated 41.9 million ounces of platinum, rhodium, palladium and gold with an additional 52.8 million ounces of platinum, palladium, rhodium and gold in inferred resources. “Given the flurry of recent transactions in precious metals markets, we are actively exploring a number of options that can help us unlock Platreef’s extraordinary value for the benefit of all Ivanhoe stakeholders,” said Friedland. “After all, Platreef is among this planet’s largest precious metals deposits.”

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Thanks,
Gold Silver Central

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