Monthly Archives: November 2021

Massive 21 pound Klondike gold nuggest goes up for sale

artist rendering of prospectors crossing Chilkoot Pass heart of the Klondike

 

Daily Mail/David Averre/11-15-2021

“He made the incredible find 100 years after the 1896 Klondike Gold Rush – hence the name ‘Alaska Centennial’ – while pushing dirt with his bulldozer along the shores of the Swift Creek Mine. Clay, realising he had hit the jackpot, buried the nugget under an Alaskan tree to buy time while he decided what to do with it.”

USAGOLD note: The sales price is $1 million …… Photo included at the link.

 

 

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Posted in Today's top gold news and opinion |

Notable Quotable

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“I expect that the coming decade – and possibly even the next 12 months – will be a disaster for the U.S. stock market. … Measured from current extremes, I expect that the unwinding of this bubble will drag S&P 500 total returns below Treasury bill returns for least a decade, and possibly two. Yet like other bubbles, I expect that most of the damage will come off the top, resulting in market conditions that are reasonably investable within a year or two. Presently, the valuation measures we find best correlated with actual subsequent market returns are at the most extreme levels in U.S. history. Moreover, as I’ve detailed before, the low level of interest rates does nothing to improve those prospective returns.”

John Hussman
Hussman Funds
(November 2021)

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Posted in Notable Quotable |

Does silver have the most breakout potential?

Kitco/Michelle Makori interview of Tavi Costa/10-28-2021

Photo stacks of silver bullion coins“Silver is the cheapest metal on earth. And I will continue to buy it because it doesn’t deserve the sub $30 an ounce price tag. We’re going to see flows of capital coming into the space. It’s a very thin market, and I would expect to see an explosive move to the upside.” – Tavi Costa, Crescat Capital

USAGOLD note: Costa believes we are in the early stages of stagflation and sees gold and silver as benefiting from people buying into “alternatives” to monetary disorder.

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Posted in Today's top gold news and opinion |