Bill Haynes | CMI Gold & Silver

America’s debt ceiling: What happens if Congress fails to raise it?

Bill Haynes — Tue, 21 Sep 2021 23:26:43 +0000

In October, the US government will be unable to pay it bills if Congress does not raise the debt ceiling. The debt ceiling is the legal cap that Congress sets on the amount that the Treasury can borrow. Since 1960, the debt ceiling has been raised 78 times. During Donald Trump’s presidency, the ceiling was […]

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Secretary of the Treasury Janet Yellen letter to Nancy Pelosi

Bill Haynes — Fri, 10 Sep 2021 19:59:46 +0000

September 8, 2021 The Honorable Nancy Pelosi Speaker U.S. House of Representatives Washington, DC 20515 Dear Madam Speaker: I am writing to follow up on my previous letters regarding the debt limit and to provide additional information regarding the Treasury Department’s ability to continue to finance the government in the absence of Congressional action to […]

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Three charts that will make you want to add to your precious metals position

Bill Haynes — Thu, 09 Sep 2021 18:24:32 +0000

Government current expenditures Explosive growth of Fed’s balance sheet, 1980-2021 Year-over-year change in gross public debt (billions), 1980-2020

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Why Basel III regulations are poised to shake up the gold market

Bill Haynes — Tue, 29 Jun 2021 19:04:54 +0000

June 26, 2021 Myra P. Saefong New banking rules, part of a sweeping international accord known as Basel III, will come into effect on Monday and mark a big change for European banks and their dealings with gold — potentially altering the landscape for precious metal demand and prices. Like many reforms put in place […]

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World gold production declines

Bill Haynes — Wed, 23 Jun 2021 21:01:27 +0000

When I visited South Africa in 1979, it was the world’s largest gold producer, mining some 1,000 tons a year. Today South Africa is not even in the top 10 gold producing countries. Between 2010 and 2018, the world’s gold production grew by 2.5%. However, over the last two years, production has fallen by 4.78%. […]

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Gold and Economic Freedom by Alan Greenspan

Bill Haynes — Mon, 21 Jun 2021 21:24:28 +0000

[Written in 1966, 21 years before Greenspan introduced money printing to the Federal Reserve system. Greenspan served as Chairman of the Fed for nearly 21 years.] This article originally appeared in the newsletter The Objectivist and was reprinted in Ayn Rand’s Capitalism: The Unknown Ideal. An almost hysterical antagonism toward the gold standard is one […]

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David Stockman says gold is the ultimate safe haven

Bill Haynes — Tue, 23 Mar 2021 18:53:06 +0000

David Stockman, who served as Ronald Reagan’s Budget Director 1980-1984, in this 23- minute video points out why the economy and stocks are headed for major downturns. Other nuggets gleaned from this video: ** Joy Rides never end well; ** World equities markets have topped $100 trillion; ** Earnings collapsed 30% in 2020, yet stocks […]

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In case you’re wondering. . .

Bill Haynes — Wed, 10 Mar 2021 21:15:09 +0000

. . . just how much individual families will receive from the recently passed $1.9 trillion COVID stimulus bill, here is what a married couple earning $150,000 with 2 children will receiv: Six checks at $1,400 each: $8,400; Two childcare credits at $3,600 each: $7,200; Two child credits at $3,000 each: $6,000; Total walking around […]

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It’s still time to buy the dips

Bill Haynes — Thu, 29 Oct 2020 18:55:25 +0000

TAKE ADVANTAGE OF THIS OPPORTUNITY When I originally posted this, gold was at $1906 and silver $24.54. Now, they are at $1870 and $23.42, not big dips but slightly better buys. Actually, it’s been the right move to buy dips in the metals since 2016. But now the reasons for buying are evident. * Under […]

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It’s time to buy the dips. . .

Bill Haynes — Tue, 22 Sep 2020 19:35:42 +0000

. . . not in stocks but in gold and silver. Actually, it’s been the right move to buy dips in the metals since 2016. But now the reasons for buying are evident. * Under the Trump administration, fedgov has exploded the national debt by nearly $7 trillion; * Fedgov national debt now stands at […]

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