Andy and I get on the podcast today to debrief the flash crash in Gold; 24,000 contracts were dumped and prices drastically went down. This was intended to produce a major shock factor in the market. This makes for an excellent buying opportunity as markets do not always behave this way, and the price will most likely shoot back up again due to the high demand. We talk inflation, debt, and the realization of modern monetary theory—all of which are worth thinking about in the current economic state.

Notes

-Flash crash in Gold - went down $100/oz - has been bouncing around

-Andy Scheckman - milesfranklin.com

-What is going on with Gold/Silver?

-24K + contracts dumped - $4B worth

-It is a poor idea to dump that many contracts at one time, but it is done for effect

-There is no more manipulated market than the metals market

-This is a heck of a buying opportunity because markets don’t behave this way

-The price is most likely going to shoot back up because of the high demand

-Month-in, month-out, the big losers are speculators, who do the same thing over and over again and aren’t afraid to lose

-the government is the one accommodating loser

-$27 trillion in debt

-Less workers, high inflation-

-the only way you can manipulate a market over time is if you push it in the direction it’s moving

-Bloomberg - gold is going lower because the economy is getting stronger

-Fear of lending money out into an economy - banks are swimming in liquidity

-Wells Fargo pulling away from lines of credit

-The best things in life are transitory

-Inflating will get much worse

-People should be reigning in their debt

-People should be putting gold and silver away, not increasing their debt

-Purchasing power is being destroyed

-full modern monetary theory

We have seen this before but it turns around very quickly

Important Links:

www.FinancialsurvivalNetwork.com

www.MilesFranklin.com