Matthew Piepenburg, an author and former hedge fund manager at Von Greyerz, delves into the shifting tides of the gold market. He discusses the surge of physical gold out of the COMEX, reflecting declining faith in the U.S. dollar. Piepenburg speculates on the potential revaluation of U.S. gold reserves and the implications of auditing Fort Knox. He also analyzes the economic challenges facing the U.S. and emphasizes the importance of secure gold ownership as a safeguard against instability.
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insights INSIGHT
Shifting Global Power
The world is moving away from US hegemony and the US dollar.
Countries are repatriating gold and transacting outside the dollar.
insights INSIGHT
Overvalued Markets
Current markets are grossly overvalued by every metric, including momentum and unsustainable net income margins.
A minimum of 50% market retracement is predicted via mean reversion.
insights INSIGHT
Recession Reality
The US economy is already in recession, indicated by various factors, including high small business bankruptcies and credit card delinquencies.
The middle class, or working poor, feels this recession most acutely.
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Written by Benjamin Graham, 'The Intelligent Investor' is a seminal work on value investing that has inspired millions since its original publication in 1949. The book emphasizes the importance of distinguishing between investing and speculation, calculating the intrinsic value of companies, and maintaining a margin of safety. The revised edition includes updated commentary by Jason Zweig, who provides modern examples and insights to help readers apply Graham's principles in today's market. Warren Buffett, a disciple of Graham, has praised the book as 'the best book about investing ever written'.
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Matthew Piepenburg believes we are living in a historic moment, where the paper manipulation of the gold market is rapidly coming to a close as sovereign nations and other massive players in the finance industry are demanding delivery of physical gold, right now. Matthew also gives his opinion on the potential of the US revaluing its gold reserves, discussions of auditing Fort Knox, his forecast for silver, and much more.
Commodity Culture 
