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Gold, Silver Stabilize During Extensive Price Manipulation Efforts! US Dollar Keeps Falling!

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Gold, Silver Stabilize During Extensive Price Manipulation Efforts! US Dollar Keeps Falling! September 2020, Volume 26 Issue 9 Liberty Coin Service’s Monthly Review of Precious Metals and Numismatics September 9, 2020 Gold, Silver Stabilize During Extensive Price Manipulation Efforts! US Dollar Keeps Falling! The Sinking Value Of The 2020 Year To Date Results Denmark Krone -5.1% Through September 8, 2020 Switzerland Franc -5.1% US Dollar Sweden Krona -5.6% 9 Weeks ended September 8, 2020 Precious Metals U.S. Dollar Index 93.441 -3.16% Silver +50.6% US $ 9 Weeks Performance To Assets Gold +27.2% US And World Stock Market Indices Russia Ruble +6.5% Palladium +19.5% NASDAQ +20.9% Argentina Peso +5.0% Platinum -6.3% Shanghai Composite +8.7% Colombia Peso +3.3% Numismatics Standard & Poors 500 +3.1% Indonesia Rupiah +2.3% US MS-63 $20 Liberty +44.7% Japan Nikkei 225 -1.6% Thailand Baht +0.6% US MS-63 $20 St Gaudens +34.1% Frankfurt Xetra DAX -2.1% US MS-65 Morgan Dollar, Pre-1921 +21.4% Dow Jones Industrial Average -3.6% Hong Kong Dollar +0.0% Dow Jones World (excluding US) -5.8% US Dollar vs Foreign Currencies Russell 2000 -9.8% Brazil Real -0.4% Brazil Real +33.5% South Africa Rand -0.6% Australia S&P/ASX 200 -10.1% Argentina Peso +24.6% Sao Paulo Bovespa -13.5% South Korea Won -0.6% Russia Ruble +23.2% London FT 100 -21.4% Taiwan Dollar -0.7% South Africa Rand +21.2% Mexico Peso +15.1% 10 Year US Treasury Note interest rate New Zealand Dollar -1.1% 0.69% -64.06% Colombia Peso +13.9% Japan Yen -1.4% Peru New Sol +6.7% Energy and Other Metals India Rupee -1.6% Indonesia Rupiah +6.2% Natural Gas, Henry Hub +12.7% Israel Shekel -1.6% Thailand Baht +5.7% Copper +9.9% Singapore Dollar -1.8% India Rupee +3.4% Tin +8.3% South Korea Won +3.0% Nickel +7.9% Philippines Peso -2.0% Chile Peso +2.5% Cobalt +3.1% Chile Peso -2.1% Great Britain Pound +2.2% Lead +0.1% China Yuan -2.5% Singapore Dollar +1.9% Aluminum -3.1% Malaysia Ringgit -2.6% Malaysia Ringgit +1.8% Zinc +5.8% Canada Dollar +1.8% Molybdenum -31.0% Switzerland Franc -2.7% New Zealand Dollar +1.6% Crude Oil, Brent -39.7% Canada Dollar -2.8% Hong Kong Dollar -0.5% China Yuan -1.6% Metal Content Value Of U.S. Coins Great Britain Pound -3.5% Israel Shekel -1.8% Lincoln cent, 1959-1982 2.03¢ Euro -4.4% Taiwan Dollar -2.2% Lincoln cent, 1982-date 0.63¢ Denmark Krone -4.6% Japan Yen -2.4% Jefferson nickel, non-silver 4.42¢ Sweden Krona -4.8% Australia Dollar -2.7% Roosevelt dime, 1965-date 2.01¢ Philippines Peso -4.1% Washington quarter, 1965-date 5.02¢ Mexico Peso -5.0% Euro -4.7% Kennedy half dollar, 1971-date 10.03¢ Platinum -6.6% Gold -7.1% price suppression tactics were unleashed to even the commodity exchanges, imple- Palladium -10.4% keep prices under those thresholds. mented changes to keep prices from rising Silver -44.3% After the COMEX close on September 1, further. gold again traded close to $2,000 and sil- One suppression tactic used is to in- From its 2020 low COMEX close of ver was headed to $30 in Asian and Euro- crease margin requirements in the $1,470.75 on March 19 to the close pean markets. To prevent that from hap- COMEX gold and silver futures markets. on August 12 at $1,935.00, the price pening, another round of price suppression Many larger investors seek to magnify of gold rose 31.6%. From its 2020 tactics were unleashed. their profits through borrowing funds in low COMEX close on March 18 at Overall, over the past four weeks the order to acquire a larger position in a mar- $11.74 to the close on August 12 at prices of gold and silver have largely ket. When prices rise, their profits are $25.96, the price of silver soared treaded water. This respite did not occur several times what they could make only 121.1%. because of markets reaching some kind of purchasing what they could using only Such markets rarely move constant- equilibrium, however. Instead, the US their own funds. ly upward for almost five months. government, working with its primary But, when margin requirements are in- There have been minor corrections trading partners, allied central banks, and since March, but prices quickly recov- ered. Gold did top $2,000 in early Inside this issue: More Shenanigans At The COMEX page 2 August for a week. Silver threatened Don’t Believe Fed’s The New Policy page 3 to top $30 on August 10. Massive A Final Word Of Advice page 4 (Continued from page 1) courage soaring demand for physical de- Patrick A. Heller’s Upcoming Speeches creased, the investors either have to livery of maturing gold and silver con- and Appearances come up with immediate additional tracts by scrounging up the inventory to cash to maintain their positions. If make physical deliveries instead of the To be rescheduled for later in the year, they cannot, some of their holdings are paper options (cash, shares of exchange East Lansing, Michigan. “Consumer sold off to bring their position within traded funds, or exchange for physical) Protections When Buying And Selling Physical Precious Metals” at the East Lan- the new margin requirements. In forc- used almost exclusively to more than the sing Rotary Club meeting at noon at the ing some investors to sell all at the previous year. University Club at Michigan State Univer- same time, prices fall. Unfortunately, the ability to obtain sity. Not open to the general public. On August 10, the COMEX raised physical metal in a market of huge short- margin requirements for both gold and ages of physical gold and silver back- For more information on any event or to silver. That led to major declines in fired on the COMEX. Instead of dis- arrange for a presentation at schools, senior those markets on August 11. couraging demand for future deliveries, citizen groups, coin clubs, Scout organiza- But, the price of silver jumped up demand doe physical delivery rose tions, fraternal or business organizations, significantly by August 13. To again sharply. call 800-933-4720 or email him at put on the brakes, the COMEX took To try to overcome the supply shortag- [email protected]. the unusual step of again raising the es it was experiencing, the COMEX margin requirement for silver contracts made two changes to what are consid- yesterday’s close, the US Dollar Index on August 13. ered “Good Delivery Bars.” Only bars was down 9.8% from its multi-year high Federal Reserve Chair Jerome Pow- from approved existing fabricators are on March 19, 2020. ell delivered a taped presentation at the acceptable for delivery to the COMEX Many people sense that the US dollar Jackson Hole (Wyoming) Conference vaults. If an approved fabricator goes is falling as a result of the massive in- on August 27. It is a standard practice out of business, that brand name is re- crease in government spending and debt that, whenever the US president, Sec- moved from the list of Good Delivery put in place by the CARES Act, subsi- retary of the Treasury, Federal Reserve Bars. dies and bailouts enacted almost six Chair, or other top official makes a In recent months, the COMEX has qui- months ago. major financial policy statement, the etly reinstated to its list of Good Deliv- That is not accurate. prices of precious metals must be ery Bars almost all the formerly ap- The current worldwide financial crisis knocked down. This is meant to signal proved brands that had been removed started over a year ago. It became ex- the competence of the actions taken by from the list. plicit in the US on September 17, 2019 the US government and the Fed. The COMEX further expanded the list when the Federal Reserve injected $128 Thus, it was no surprise that precious of Good Delivery Bars by declaring that billion of liquidity into the banking sys- metals prices again fell on August 27. any bars qualifying as Good Delivery tem’s overnight loan market. Although However, the policy change an- Bars in the London market automatically Fed officials later tried to tell Congress nounced August 27 by Fed Chair Pow- qualified for delivery to COMEX vaults. that this liquidity crisis only lasted for ell was horrible news for American Between these two changes, the two days, the truth is that a total of taxpayers and citizens. The Fed will COMEX increased the number of ac- many trillions of dollars have injected now accept faster increases in consum- ceptable Good Delivery brand names in into the US banking system—only to er prices than it previously said it the gold market from 101 to 268. In the primary trading partners of the Federal would. silver market, Good Delivery Bar list ex- Reserve Bank of New York—virtually By August 31, precious metals prices panded from 75 brands to 180. every trading day ever since the middle were again on the way up as the US As things now stand, it looks like even of last September. Dollar Index fell to its lowest level in the 400-ounce gold bars in London Some of these loans are for one day, more than two years. This led to fur- vaults are now approved to deliver some for 14 days, and some for 43 days.
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