Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Nov 17, 2021 - 13:06:35 PST
Every key area of silver demand is forecast to rise in 2021, including a record total for industrial demand, despite ongoing supply chain challenges, reported Philip Newman, Managing Director at Metals Focus, and Adam Webb, Director of Mine Supply, during the Silver Institute’s Interim Silver Market Review webcast today...
“The underlying support for gold and silver remains the inflationary pressures we continue to see in the market,” said David Meger, director of metals trading at High Ridge Futures.
James G. Rickards is an American lawyer, economist, investment banker, speaker, media commentator, and author on matters of finance and precious metals.
The Fed knows that it must tighten monetary policy more aggressively than it is planning but, believing its own narrative that it is in control, it cannot bring itself to turn on the hose to dampen the flames it has contributed to. After the hyper monetary inflation it has engaged in, though, monetary deflation is inevitable.
Some times saying less can say more. Given that, I'm going to offer four variables relating to housing and hopefully let them and their relationships do the talking.
On Inflation: 6 Is Really 10 And The Causes And Symptoms Are Similar To The 70sNov 17, 2021 - 12:33:48 PST
Statistically, 2021 consumer price inflation is the highest in 30 years. Yet, when actual prices are measured, it is one of the highest inflation rates of the post-war period, matching the double-digit increases of the 1970s & early 80s. The cause & symptoms are similar as supply-side factors triggered the initial surge, & price increases have broadened.
Calculations of how inflation could affect government debt are too obvious for even the independent Fed to ignore. These considerations suggest that any temptation to see inflation as an instrument for debt reduction should be resisted.
One of the mandates of the Federal Reserve System is to attain price stability. It is held that price stability is the key as far as economic stability is concerned. What is it all about?
Total Global Debt Dips but Still Near Record Highs, but Emerging Market Debt Hits Record HighNov 17, 2021 - 11:14:30 PST
Total debt, including that owed by governments, households and companies, dipped to $296 trillion at the end of September, after an increase to record highs in the second quarter. It stands about $36 trillion above pre-pandemic levels.
U.S. President Joe Biden's nominee as the next chair of the Federal Reserve, expected as soon as this week, will inherit an economy headed for the fastest annual growth in a generation with wage increases flowing to the lowest-paid workers, strong hiring, and household bank accounts flush with cash.
Nov 17, 2021 - 11:06:06 PST
"Environmental activists call it a 'methane fee.' The energy industry calls it a 'natural gas tax.' Either way, energy consumers are likely to feel the effects in their pocketbooks." ~ Chris Woodward
With rising concerns over the growth in money supply and inflation, gold will continue to deliver value and protect investors in times of volatility while preserving wealth for the long term.
Hyperinflation: Venezuelan Artist Brings New Value to Discarded BanknotesNov 17, 2021 - 07:27:02 PST
Venezuelan artist and medical student Elianni Di Gregorio is using old bolivar notes as canvas for her paintings as she strives to give them new value after rampant hyper inflation and successive overhauls saw them discarded.
In a speech to the Fed’s annual Jackson Hole conference, held virtually in late August, Powell sketched out five ways of assessing the outlook for inflation and argued that each of them suggested there was no cause for alarm.
Nov 17, 2021 - 07:23:01 PST
Paul Krugman, Nobel-prize winning economist and New York Times columnist, has conceded that his prediction that the inflationary wave now battering American households would be benign was wrong and he "didn't see the current surge coming," though he continues to see the upward price pressures as "transitory."
“I think inflation is pretty easy to explain and people need to know what causes inflation,” Senator Paul said in an exclusive interview. “[The federal government] gets debt, then the Federal Reserve prints up new money to pay for the debt, that new money enters circulation, and that expansion of the money supply [leads to] inflation.”
These central bank purchases were in anticipation of a declining dollar and higher dollar inflation. The central banks are buying gold to stay ahead of the curve. Shouldn’t you do the same?
Increased borrowing must be matched by increased ability to repay. Otherwise, we aren’t expanding the economy – we’re merely puffing it up.” – Henry Alexander of Morgan Guaranty Trust
Retail sales surged at a higher than expected rate in October, rising 1.7%.The mainstream reported this as fantastic news signaling a strong economy. American consumers are out there buying lots of stuff. The stock market rallied and gold fell.But the mainstream narrative isn't giving you the full picture.
Nov 17, 2021 - 05:41:08 PST
Surging inflation has pushed gold prices to near five-month highs, with Credit Suisse analysts predicting a more sustained move higher that could see the haven metal attempt a breakout beyond its $2,075 record high.