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

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E Gold Stocks Vs. Gold - Cryin' Time Again
Gold stocks have underperformed relative to gold and woefully underperformed relative to expectations. And it isn't getting any better.
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E Arguing About Fed Policy Is A Waste Of Time
No President wants to be in office to preside over a recession or depression. But neither can they exercise any power or influence regarding the implementation of Fed policy, particularly when it comes to interest rates.
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E How Government Causes Inflation
The term government includes central banks. The U.S. Treasury, in conjunction with the Federal Reserve, continually expands the supply of money and credit by issuing Treasury Bonds, Notes, and Bills. Their actions are intentional and destructive.
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E Federal Reserve And The Markets
Stocks and bonds fell significantly over the past several days, partly in response to comments by Chairman Powell. So, we hear criticism that the Fed is guilty of policy error. "The Fed needs to be more accommodative at this time." Maybe; maybe not.
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E "A Loaf Of Bread, A Gallon Of Gas, An Ounce Of Gold" Revisited
The continual, ever-increasing prices of all goods and services is symptomatic of a currency with a terminal illness. The U.S. dollar (and all paper currencies) are substitutes for real money. As such, they are doomed to eventual destruction.
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E Gold - "Make Me Feel Good...Tell Me Anything"
Nowhere has analysis of gold become more of a joke than in attempts to infer correlation between gold and something else. It has reached a point that if we hear any news of a negative nature, it is assumed that gold's price will move higher.
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Latest Comments
How Government Causes Inflation
26 days 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 month 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
2 months 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
3 months ago

Good article!

No Silver Lining Here
9 months 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
9 months 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...