Commentaries on developments that affect gold and silver prices | CMI Gold & Silver
Sunday, May 9th, 2021 MST

Please be advised that due to high sales volume we are experiencing shipping delays. Speak with your sales agent for further details and time frames.

Gold Products Prices Silver Product Prices Platinum Palladium
Questions? Call Us


Mon-Thur 7am - 5pm MST Fri 7am - 2pm MST

David Stockman says gold is the ultimate safe haven

David Stockman, who served as Ronald Reagan’s Budget Director 1980-1984, in this 23- minute video points out why the economy and stocks are headed for major downturns.

Other nuggets gleaned from  this video:

** Joy Rides never end well;

** World equities markets have topped $100 trillion;

** Earnings collapsed 30% in 2020, yet stocks rose 25%;

** Capital is flowing to massively over-valued companies;

** Governments are totally out of control when it comes to money printing;

** Stockman explains the importance of short sellers in dampening declines but says short sellers have been destroyed;

** Federal Reserve is expanding its balance sheet at the rate of $120 billion a month;

** European Central Bank announced it intends on buying $200 billion a month;

** Balance sheet of the Fed was only $500 billion in 2000, now it’s $7.2 trillion;

** Total world debt of $270 to $280 trillion dollars;

** Gold is the only safe haven, an alternative to central bank printing press money;

** Stay away from stocks and bonds, and accumulate gold;

** Only $10 trillion to $12 trillion of gold available to be bought, yet total global assets exceed $400 trillion;

VIEW VIDEO HERE: 23-minutes

Stockman’sContraCorner subscription info

In case you’re wondering. . .

. . . just how much individual families will receive from the recently passed $1.9 trillion COVID stimulus bill, here is what a married couple earning $150,000 with 2 children will receiv: Six checks at $1,400 each: $8,400; Two childcare credits at $3,600 each: $7,200; Two child credits at $3,000 each: $6,000; Total walking around

Forbes again fails to inform

Two days ago, Forbes ran an article about Senator Elizabeth Warren (Dem-MA) wants to cancel student debt in the next stimulus program.  However, no where in the piece did the writer reveal how much student debt was outstanding.

Precious Metals Data, Currency Data, Charts, and Widgets Powered by nFusion Solutions