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In today’s Gold and Silver Central news, we discovered a dire warning from a billion dollar hedge fund manager who thinks there is a gold bubble happening now, and the “pop” is going to be bigger than the tech bubble. Also, be sure to check out the free precious metals’ expo next week. Many experts will be speaking, and you can take it all in from the comforts of home. We’re almost to Friday. We hope you enjoy today’s news.
Let’s dig in…

Industry News
Precious Metals Professional Set to Meet at the Money, Metals and Mining Virtual Expo
With everyone practicing social distancing and “doing their part,” many conferences and expos have been cancelled this year…however, there are still opportunities to attend “virtual expos”, where everything is online and you can listen to speakers from the comfort of home. That is what the precious metals industry is doing next week—professionals from various parts of the industry will be meeting online September 1-3 for the Money, Metals & Mining Virtual Expo, where the country’s top experts will be sharing their knowledge and expertise with those who attend. Interested?
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Stock Market
Why Investors Should Take a Look at Platinum Now
The platinum market holds much promise, according to Trevor Raymond, head of research at the World Platinum Investment Council (WPIC), who thinks now is the perfect time for investors to take a look at platinum, which is considered a precious metal, despite its primary use as an industrial metal—particularly in the auto industry, where platinum is a critical component in autocatalytic converters inside diesel engines. The metal helps reduce harmful exhaust emissions. Although the platinum market isn’t get much attention, Raymond points out that since the broad market selloff in March, when the global economy was turned upside down due to the pandemic, platinum prices have rallied nearly XX%....
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Stock Market
Precious Metals ETFs Rally Despite Risky Outlook
On Wednesday, stock index ETFs made considerable gains as optimism over a possible COVID19 vaccine from Moderna spread over newswires. Precious metals ETFs rallied along with the rest of the market. Gold and silver rallied strong, with silver outperforming gold, as bullish traders again saw metals as a bargain. Wednesday’s gains in precious metals were got a lot of people’s attention considering the risk-on sentiment that drove global stock markets higher. October gold futures advanced 2.05% to $1,962.95 an ounce, while September Comex silver prices… READ MORE ([link removed])
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Price
Expert Forecasts Gold Reaching Above $3,000
A leading expert on the VenEck’s Trends with Benefits podcast reiterated his bullish gold prediction on the show recently. He updated his gold price target to $3,400 per ounce. Factors supporting gold prices remain place including negative real interest rates, ballooning government and corporate debt piles, and investor demand. He’s note that the crisis we’ve live through, like the financial crisis of 2008 is a deflationary event that is supportive for gold prices. With up nearly 30%...

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Commentary
Bankers are Trying to Discredit Gold and Jim Rickards is Debunking Their Propaganda
Jim Rickards recently published an article on his DailyReckoning.com website that breaks down why economic elites through the central banks are disparaging gold. He writes: “Gold as an asset class is confusing to most investors. Even sophisticated investors are accustomed to hearing gold ridiculed as a “shiny rock” and hearing serious gold analysts mocked as “gold bugs,” “gold nuts” or worse. As a gold analyst, I grew used to this a long time ago. But, it’s still disconcerting when one realizes the extent to which gold is simply not taken seriously or is treated as a mere commodity no different than soybeans or wheat. The reasons for this disparaging approach to gold are not difficult to discern. Economic elites and academic economists control the central banks. The central banks control what we now consider “money” (dollars, euros, yen and other major currencies). Those who control the money supply can
indirectly control economies and the destiny of nations simply by deciding when and how much to ease or tighten credit conditions, and when to favor (or disfavor) certain types of lending. READ MORE
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Latest News
Warning from $63 Billion Asset Manager: Gold is Bigger Bubble Than Tech
From Bloomberg News: “Carillon Tower Advisers Inc. portfolio specialist Matt Orton is a rare critic when it comes to gold’s meteoric rise this year. He says excitement around the metal has made it a bigger bubble than tech stocks. Orton, who is “quite bullish” on tech stocks, thinks the price of gold has gotten disconnected from fundamentals. The flow of funds into gold “shows how much enthusiasm and/or speculation has been going into the gold complex,” Orton said in an interview. His firm has more than $63 billion under management and is based in St. Petersburg, Florida. “Everyone talks about the bubble in technology stocks,” but the tech sector is “rising because a lot of these companies have been able to increase their market shares during COVID,” Orton said. The tech firms also had strong earnings, providing higher visibility to their growth profile, Orton said. Gold’s rally, on the other hand, could…
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