Latest Treasury, Fed and BIS Reports Confirm: All Twisted Paths Lead to Gold

Gold last traded at $1,789 an ounce. Silver at $23.67 an ounce.

NEWS SUMMARY: Precious metal prices extended losses Tuesday on short-term profit-taking amid rising interest rates. U.S. stocks traded mixed as higher interest rates put pressure on tech stocks.

Gold Switzerland--"The facts keep piling up, and recent BIS, Treasury and Fed reports confirm that all twisted paths lead to gold.

In a recent article, I posed the rhetorical question of when will policy makers finally stop lying and allow honest facts and natural market forces to return?

Unfortunately, as we examine the two latest working papers from the Fed/Treasury Dept cabal and the Bank of International Settlements, each confirms that lies are officially the new normal.

Over the years, we've tracked popularized delusions masquerading as policy with evidence rather than awe, addressing such topics as the open fictions of CPI inflation reporting and its 'transitory' myth to the latest sample of double-speak spewing out of the Fed or White House....

History's patterns confirm that the more a system implodes under the weight of its own self-inflicted extravagance (typically fatal debt piles driven by years of war, wealth disparity, currency debasement and political/financial corruption), the powers-that be resort to increasingly autocratic controls, distractions and automatic lying....

Needless to say, more liquidity, and more inflation, joined by more rate repression, truth destruction and currency debasement means gold's recent bump north is just the beginning of the ride up...As we've said with consistent conviction and hard facts, not to mention spot-on inflation reporting, gold's golden era has yet to even begin."