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"We must avoid a climate-driven ‘Minsky moment’ involving a sudden collapse in asset prices” - Carney

Gold is an important ‘anchor of trust’ and can rebuild the system ‘if the system collapses’

Complex financial & technology systems today make the counter parties which investors and savers rely on more fragile

Silver is 0.5% higher for the week to $17.70/oz and smart money continues to accumulate undervalued silver

Global gold ETF holdings reach all time record highs (see chart) as smart money moves to safety

 Investors globally need a hedge due to their massive negative interest rate bond and fiat currency exposure
 

Gold sales are expected to accelerate through the end of the year

Got real gold?

 Too big to lend? JPMorgan cash hit Fed limits ... $2.7 trillion balance sheet ... roiling U.S. repos

Saudi Crown Prince warns that a war with Iran would bring down global economy

"I hear people gasp in dismay when I say those figures and I will qualify them"
 

The dollar remains near multi-week highs despite poor U.S. economic data of late and the political turmoil in the U.S.

Prudent money is moving to the safety of gold coin and bar ownership outside of the vulnerable global banking system

Hard currencies are outperforming the dollar, euro, pound & all digital fiat currencies (see Bloomberg table)

Palladium prices soared to a record nominal high of $1,664.50/oz and has risen nearly 8% this month ...