Gold Analyst
Contributor's Links: Kelsey's Gold Facts

Kelsey Williams has more than forty years experience in the financial services industry, including fourteen years as a full-service financial planner. His website, Kelsey's Gold ... more

ALL CONTRIBUTIONS

E Gold-Silver Ratio And Correlation
Are gold and silver correlated? Being literally specific according to the definition ("correlation measures association...") then, the question becomes "Is there association between gold and silver?"
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E Fed Action Accelerates Boom-Bust Cycle; Not A Virus Crisis
Some say that fear and economic dislocation due to the COVID-19 pandemic was the culprit; but asset prices were artificially elevated due to previous Fed reflation efforts and left the stock market vulnerable to a selloff of considerable magnitude.
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E 100% Silver Coin Premium Is Factual... And Farcical
Silver supply hasn't changed in any way that would alter demand for it. What has changed is some people’s insistence on owning it in a specific form, i.e., silver coins, and their willingness to pay ridiculous premiums for that privilege.
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E Gold Prices - Expected Inflation Has Already Occurred; Effects Are Unpredictable
There is a relationship between higher gold prices and inflation, but the two are not directly related. The confusion results from a misunderstanding about inflation and its effects. Those effects are volatile and unpredictable.
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E Silver Charts Say $5 Or Lower Is Coming
Silver can go lower still - much lower; and, it probably will. After that, even a best case scenario could keep silver prices in check for years to come. For wealth preservation, nothing else is better than gold.
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E Expectations For Higher Gold Prices - Fly In The Ointment
The ensuing price - and credit - collapse could very possibly overwhelm the efforts of the Federal Reserve. With prices of all assets lower by sixty percent or more, the relative strength in the US dollar will show up in a much lower gold price.
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Comments

Latest Comments
Nowhere To Run, Nowhere To Hide - Cash Is King, Not Gold
2 months ago

Yes, that's true. They have intentionally expanded the supply of money and credit for more than one hundred years. But all of their planned efforts are having less and less impact. It could get away from them. All of that QE won't have the intended effects if everyone heads for the exits at once. Eventually, they will probably kill the US dollar for good, but the timing could be skewed considerably.

In this article: GLD, UUP
Has Gold Broken Out Or Not? Technicals And Fundamentals
11 months ago

If the US dollar continues to decline, then gold prices will reflect that by moving higher.

How Government Causes Inflation
1 year ago

Gary, thanks for your comment. To clarify: The original money credited to the government in exchange for the Treasury Securities (a government IOU, promise to pay) is strictly new money that is created out of thin air. It is 'monetizing the debt' at the point of origin. It does not come from money or assets already in the system. My hypothetical example in the article was meant to relate the issue on a more familiar level as well as illustrate the absurdity of the Fed/Treasury transaction. However, even on a retail basis - whatever collateral is provided by the borrower - the loan proceeds advanced are a creation of new money, too. All loans made by banks are 'new money' that is then added to the system. That is only possible due to our system of fractional-reserve banking. Our money today is mostly credit. The 'dollar' balances in the system are over-leveraged and under-collateralized.

The Hawk Not In Housing (Nor Capex)
1 year ago

Good article with common sense concern about housing and capital expansion. Fed has a dilemna of their own making. Artificially-contrived low interest rates fostered 'drug' -induced highs in economic activity that were unsustainable. But there is always a price to pay in the form of withdrawl symptoms. We may be on the verge of experiencing those symptoms/effects in the extreme, regardless of the Fed's efforts or intentions.

The Neatest Idea Ever For Reducing The Fed’s Balance Sheet
1 year ago

And, yet, we still operate financially within the context of a fractional-reserve banking system. Hence, any reserve requirement less than 100 percent is implicit of excess reserves. And derivatives are a huge subset of the system which continues to re-leverage the same money over and over again, even after any initial reserve requirements are met. The threat of a credit implosion grows exponentially regardless of the Fed's tinkering and eventually there will be a forced de-leveraging. 'When' is anybody's guess.

In this article: TIP
The Race We All Lose
1 year ago

Good article!

No Silver Lining Here
2 years ago

There are two primary reasons for silver's price surge in the 1970s.

1)Silver mining production lagged consumption for nearly two full decades during the 1950s-60s. During that period, the U.S. Treasury sold silver regularly from its hoard of nearly two billion ounces. This action kept the market price for silver suppressed. By 1970 nearly all of the silver was gone and the Treasury had to stop its sales. Thus, the price of silver was freed to find a presumably higher level that would eventually balance

consumption and production.

2) The United States suspended all convertibility of the U.S. dollar into gold in 1971. Those who were prescient enough to recognize the ongoing threat of further U.S. dollar depreciation, purchased gold and silver based on their historic roles as money.

The Hunt family's involvement simply added to these two forces and likely sent silver prices far beyond any reasonably sustainable level at the time. (From an average price of $1.60 to a high of $49.50 in January 1980 represents a three thousand percent increase.)

In this article: GLD, SLV
A Few Words On The Gold Sector
2 years ago

Nice to know that not everyone is ill with 'gold fever'.

In this article: HUI
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Kelsey Williams Interview With David Scranton
'Inflation' is the new buzz word. And it was the featured topic March 4th on David Scranton's television show The Income Generation. The show airs weekly on Newsmax TV. Kelsey was a featured guest on the show and discussed his new book.

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ALL HAIL THE FED!
Kelsey Williams
Independent
04/19/2018

The United States Federal Reserve Bank has left a century-long trail of damage in its wake. A misguided attempt to manage the stages (growth, prosperity, recession, depression) of the economic cycle has led to nearly complete destruction in the value of our money. The Federal Reserve caused the Depression of the 1930s and worsened its effects. Their actions also...

INFLATION - WHAT IT IS, WHAT IT ISN'T, AND WHO'S RESPONSIBLE FOR IT
Kelsey Williams
Independent
01/18/2018

Inflation is an insidious threat to our financial and economic security. It has been foisted upon us to the point that we are in danger of losing much more than the value of our money. The capital markets are facing risks of immensely greater proportion than those of 2007-08...