On this golden hump day, we found several “commentaries” made by qualified professional analysts. In one article, you will hear how this expert is using gold and silver to protect his wealth. In the second article, you will see why betting on gold in this election cycle is a smarter move than betting on “red” or “blue.” And in the third commentary, an analyst makes a case why gold will return to $2,000 in the near future. That and more in today’s Gold & Silver Central news.

Let’s dig in…

Economy
The Next Gold Rush: Where Will the Motherload Be Found?

New gold mines are not something we have seen a lot happening over the past decade. The question is: why have there been so few gold mine discoveries? The question is not about supply or demand. It has to do with the major miners and their willingness to explore new spots. They aren’t that interested these days. Instead, miners are milling around late-stage gold assets or going back to old producing mines to try to get more out of them. In other words, let the junior miners do the exploring. This means a much larger upside for early-in investors in juniors that make…

International
Gold Traders in India Say Tax Officials Are Harassing Them

The country's gold traders have alleged that they often face questions by tax officials on the gold they legalized through paying tax. Some VAT officials are seeking previous account details of the gold, although the jewelers have whitened the precious metal availing a government facility. Some 17,000 jewelers legalized an estimated 1.8-million bhori (one bhori is equivalent to 11.664 grams) undisclosed gold paying Tk 2.50-billion taxes in a gold fair from June 23-25 in 2019. Under the opportunity, no question can be raised on the source of…

Commentary
Here’s How to Protect Your Wealth with Gold & Silver

With the presidential election less than a month away, sector expert Michael Ballanger offers a forecast for the gold and silver markets. “With a mere twenty-six days to the election of the "leader of the free world," of the richest, most powerful country in human history, financial markets are noticeably apprehensive as to outcome and understandably concerned with the reaction of the two deeply divided camps. With the Antifa and Black Lives Matter (BLM) "movements" mobilizing to disrupt at every turn, their ideological opponents carry little in the way of monikers but are passionately anti-BLM and anti-Antifa and even more passionately "pro-American," a descriptive often marching shoulder-to-shoulder with paramilitary and/or white supremacist groups.”

KEEP READING

Economy
Are We Getting More Stimulus or Not?

Analyst Chuck Butler brings his Midwest common sense and financial analysis to our current predicament here in the U.S.: will there be more financial stimulus money handed out to Americans? Butler has a bold take on this:

READ HIS THOUGHTS ON THE CORONAVIRUS STIMULUS BILL 2.0

Commentary
While Some Folks Bet on Red or Blue, He’s Betting on Gold

“He” is Frank Holmes, a writer who covers gold, natural resources and emerging markets while also being the CEO and Chief Investment Officer for San Antonio based U.S. Global Investors. Here is why Holmes is betting on gold over Biden or Trump: “The Wall Street Journal reported on Friday that the White House is preparing a coronavirus stimulus offer valued at $1.8 trillion, despite President Trump’s earlier comment on ending negotiations. It’s been seven months since the last relief package, the CARES Act, was signed, and in that time, the number of Americans filing for jobless benefits has remained elevated. With the national debt now topping $27 trillion, such a package isn’t good for the government’s balance sheet, but it’s good for gold. Indeed, the yellow metal traded up as much as 1.8 percent on the news…” READ MORE

Commentary
Why Gold Prices Will Go Back to $2,000 or More

“News that Trump is seeking a ‘huge’ fiscal package sent the dollar tumbling, in turn lifting gold prices higher. If passed, the latest US fiscal package may prove to be the main catalyst that sends gold back to the $2000 level.” GET MORE INFO

Thanks,
Gold Silver Central