Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
Dec 28, 2021 - 07:34:17 PST
Supreme Court Justice John Roberts earned the highest approval rating, while Speaker Nancy Pelosi and Senate Minority Leader Mitch McConnell were at the bottom of the list.
A wide-ranging presidential order helped block a railroad merger and tackle supply-chain problems, and it is planting the seeds for bigger actions.
Having peaked in July, home prices in America's 20 largest cities continue to decelerate in October (the latest data available from S&P Case-Shiller), rising 'only' 18.41% YoY (vs 18.5% expected), slowing from the +19.09% YoY in September.
While the Federal Reserve talks about tightening monetary policy, the Chinese central bank is heading in the opposite direction. This could boost gold demand in that country even further.Earlier this month, the People's Bank of China announced a 0.5% cut in financial institutions’ required reserve ratio (RRR). According to the World Gold Council, this move will inject about $1.2 trillion yuan into the Chinese economy.
The Federal Reserve has supposedly gone to war with inflation and Fed chair Jerome Powell has allegedly turned into a hawk.We'll believe it when we see it.
The source of gold supply is gold mining. In the past years, South Africa was a big gold mining country. One of the country’s most glorious achievements was mining more than 1,000 tons of gold in a calendar year, a record high in human history at the time.
Gold prices climbed on Tuesday as the U.S. dollar weakened and concerns over the spread of the Omicron coronavirus variant led bullion's year-end rally to a more than one-month high.
Biden claims Build Back Better won't add to inflation. I strongly disagree.
Dec 28, 2021 - 05:34:05 PST
Over the last four decades, the U.S. economy has been marked by extreme inequality, which has only been exacerbated by the COVID-19 pandemic. In the midst of this global pandemic and an economic crisis, the number of individuals with household weekly earnings below the poverty line rose to 65.1 million, a 28% increase from February to June 2020 (Saenz and Sherman 2020)....
Many food manufacturers say they plan to raise prices in 2022 for a range of products from macaroni-and-cheese to snacks, the latest sign that consumers will continue to face higher costs at the supermarket.
December “Wealth Effect Monitor” & “Wealth Disparity Monitor” for the Fed’s Money-Printer EconomyDec 28, 2021 - 05:10:12 PST
Billionaires got more billions, bottom half of Americans got peanuts and inflation.
Household debt keeps on going up. It grew by a non-inflation amount of $305.1 billion in the third quarter of 2021. Those three months capped the 10th quarter in a row, during which household debt has grown. Debt stood at 98.8% of after-tax income by September 2021.
The People’s Bank of China added 200 billion yuan ($31 billion) of cash into the financial system through seven-day reverse repurchase agreements, more than offsetting the 10 billion yuan coming due. The yield on 10-year government bonds fell to 2.795%, the lowest level since June 2020.
Investors Warn Omicron, Fed Are a Risk in a ‘Growing but Slowing’ EconomyDec 28, 2021 - 04:54:01 PST
The Omicron variant remains among the top uncertainties in the market heading into the new year.
Bloomberg News recently solicited advice from Argentinians who lived through that country’s high inflation on how Americans should cope with rising...
Few, if any, precious metals investors realize the incredible amount of silver coins lost in the world. From ancient to modern times, most of the silver produced has been lost... FOREVER. However, many analysts believe most of this silver, tens of billions of ounces...
Gold prices reversed course to approach a one-week peak on Monday, as renewed risks from rising Omicron cases overshadowed pressure from a firmer U.S. dollar.
In December 1997, The Financial Times ran an article entitled “The Death of Gold.” Since then, the gold price in US dollars has increased 519I% from $288 to $1,780. Today, after many political events and crises we have evidence of the continuous and in many ways spectacular growth of the gold price. This confluence of many current events is creating a perfect storm for gold to...
Mining companies have been minting bumper profits this year as metal and commodity prices skyrocket, and 2022 is set to become an even better year for miners
The world is turning the page on 2021 and welcoming 2022, leading to an assessment of the last 12 months and looking ahead to the next 365 days.