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On this Monday, we have several compelling commentaries from the precious metals industry offering their analysis on things like: the economy ‘going back to normal’, looking ahead at the gold bull market to see how likely it will continue beyond the pandemic, and we found a billion-dollar hedge fund manager who thinks bitcoin could become “digital gold.”
All this and more. Let’s dig in…

Commentary
Will the Gold Bull Market Continue Past the Pandemic?
Gold’s Big Question: Can the Bull Market Outlive a Pandemic? Eddie Spence, Ranjeetha Pakiam and Yvonne Yue Li, Bloomberg News Gold’s record-breaking bull market is facing an existential question after this month’s pharmaceutical breakthroughs: what happens to the rally once Covid-19 vaccines start rolling out? Gold is viewed by many as the archetypal haven asset, inevitably driven higher in times of turmoil. By that logic, a beginning of the end of the crisis would signal a…
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Commentary
VIDEO: There is No Going Back to ‘Normal’
In this 12-minute MAM Chat, Egon von Greyerz and Matthew Piepenburg discuss the current and popular topic of an eventual “return to normal” once COVID conditions are eventually behind us, ideally upon the attainment of an effective vaccine/treatment protocol. The irony, of course, is that there was nothing at all “normal” about financial conditions and desperate monetary policies pre-COVID, and certainly nothing “normal” in these same areas coming through and (out of) COVID going forward, as Matthew’s data points remind us. Egon, in turn, discusses the signals emanating from the gold and silver markets…
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International
India’s Festival Season Seeing Steady Buying Spree for Gold
A festival-led buying spree continued in India's retail gold market this week, though premiums eased slightly from a week ago and sales volumes were seen as lower year-on-year. Discounts in top consumer China narrowed further meanwhile even as demand remained relatively muted. Indians celebrated the festival of Diwali this week, following Dhanteras on Nov. 13. "Jewellery showrooms have been witnessing higher footfalls for the last few days. Retail jewellery demand has improved," said Ashok Jain, proprietor of Mumbai-based gold wholesaler Chenaji Narsinghji.
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Commentary
LAWRIE WILLIAMS: Gold, Politics & a Pandemic – These are Dangerous Times
On Friday the U.S. recorded over 200,000 new people testing positive for coronavirus infection and close on 2,000 new deaths attributed to the virus according to worldometers.info, a website which publishes probably the most comprehensive tabulation of global virus infections. Indeed, two states – Texas, and California – have each recorded over 1 million cases each of positive COVID-19 infections and Florida is catching up fast with well over 930,000. Yesterday the U.S. daily totals were 172,839 new cases and 1,460 attributable deaths. Heaven knows how many excess non-COVID deaths are indirectly virus-related due to hospital capacity being overwhelmed by coronavirus cases. The U.S. totals now stand at around 12.5 million people having tested positive and over 260,000 recorded deaths and both figures are rising seemingly exponentially. If Texas and California were countries, they’d rank 12th and 13th
in the world for confirmed virus infection cases (however one suspects real figures of many countries are probably far higher than the officially reported records show).

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Commentary
Bitcoin Could Become ‘Digital Gold’ Says Billion-Dollar Fund Manager
Anthony Scaramucci, founder of global investment firm SkyBridge Capital and former White House communications director, says Bitcoin could easily become digital gold and a store-of-value asset. In an interview on Kitco, Scaramucci says SkyBridge is doing its due diligence when it comes to crypto assets. “After doing two years of research on the digital asset space, I wanted to have that flexibility and we’re a registered investment company so we filed with the SEC (Securities and Exchange Commission) just to indicate and to include in our prospectus that on a going-forward basis if we decide that we’re going to invest in those things, everybody, our investors and the SEC is properly notified.”
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Commentary
Warren Buffet Now Selling Gold. Should You Do the Same?
The sheen is coming off gold. Even though the yellow metal is still up by over 27% from last year, it’s down from last month. I think the ‘why’ of it is straightforward right now — gold is a hedge. As investor optimism about the future grows, the race towards safer assets like precious metals slows down. The fact that the Oracle of Omaha, Warren Buffett, has sold part of his gold investments recently only indicates further that the best of times for gold may be behind us. At least for the time being. What Warren Buffett Did ([link removed]) ([link removed])
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Gold Silver Central

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