Precious metals news

Inflation is running rampant. At first, the powers that be tried to convince us it wasn't a problem because it was just a temporary phenomenon caused by coronavirus. (As if a virus could cause the money supply to increase.) But now, the transitory inflation narrative is dead. Jerome Powell recently admitted that it's time to "retire" that word. The new strategy seems to be to try to convince you that rising prices are "good for you" and the broader economy. You can decide for yourself the veracity of that argument.

President Xi Jinping’s senior leadership committee rubber-stamped a plan from the central bank on Monday for more targeted lending to businesses and outlined support for the housing market.

New data restrictions have made it harder for foreigners to get details on what’s happening inside China, including about port activity, supplies and political dissent cases. Companies and governments are left trying to figure out how to engage.

Despite the fact that merchants say they are well-stocked for Christmas, the Logjam Stretching Far Into Pacific Is Longer Than Ever.

Shares of Evergrande plummeted to a new record low on Monday as the Chinese developer once again teetered on the brink of default.

TD Bank's 2021 Money Matters Survey found that 54% of unbanked Americans said they set aside less than $50 a month, while 26% said they had no way to cover unexpected expenses.

Goldman Sachs Chief Executive David Solomon anticipates inflation will be higher for a period but doesn't expect a repeat of the cost rises seen in the 1970s, he said in an interview with CNBC. The International Monetary Fund last week warned of intensifying inflationary pressures, especially in the United States, and said U.S. central bankers should focus more on inflation risks.

China’s economic boom has led to a huge demand for oil and gas, but slower economic growth and a growing debt bubble could become a huge risk for oil markets

Several early indicators point to a possible deterioration in credit quality, senior ECB officials said in a blog post on Tuesday. The rate at which banks are reclassifying loans as riskier is twice as high as before the pandemic, and the share of loans under forbearance has risen, they said.

World Bank President David Malpass on Monday said fiscal and monetary policies were operating in "uncharted territory" since the start of the COVID-19 pandemic and may be contributing to a sharp rise in global inequality and poverty. Malpas’s told a roundtable hosted by Chinese Premier Li Keying the number of people in extreme poverty had increased by over 100 million since the...

More upbeat commentary and preliminary data suggesting the Omicron variant may not produce as severe of infections as previously feared helped boost markets over the past couple sessions.

No matter what the Fed does in the current economic state, the market seems to act like a palindrome. I have Jeff Clark on the podcast to discuss what exactly is happening in the markets, and how deficits are playing into this. We address gold and silver as well to break down how mining companies are functioning at the moment, and how to effectively invest in this sector.

It is this inevitability of a physical silver shortage that should be focused on and the best way to insure one doesn’t miss profiting from the equally inevitable upswing in price is to be in place and holding silver before the shortage becomes obvious.

Later in the week, the markets will need to absorb U.S. inflation figures...

Before Alan Greenspan fell off the wagon in pursuit of government power, position, praise, and riches, in his 1966 speech, “Gold and Economic Freedom,” he said the following: In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value… The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves. This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the …

Is the US engaged in a monetary cold war with Russia? It looks that way if we consider the Index of Global Easing and Tightening from the Council of Foreign Relations.

The European Central Bank should stick with its ultra-supportive stance as long as the current bout of surging consumer prices appears to be temporary, the International Monetary Fund said.

As The Federal Reserve tries to drain-off the extraordinary growth in its balance sheet since COVID without raising its target rate (good luck with that!), it is time to appraise where we are sitting. First, liquidity.

The chart shows the annualized percentage change in the ECB’s Balance Sheet, essentially proxying the rate of monetary expansion and euro-printing that has occurred. It’s not the only cause of the current high consumer price inflation that the Eurozone is experiencing, but it’s a big contributor. Thus, we have a situation whereby the very institution that has got what it wanted, is now finding that higher consumer price inflation is not the bed of roses it thought it was.

Interest and demand in Bitcoin rose a lot in 2021 despite the digital asset’s turbulence. More than half of current investors got in over the last 12 months, according to crypto-firm Grayscale Investments LLC.