Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
U.S. Treasury yields rose slightly on Thursday morning, ahead of the release of weekly jobless claims data.
China is in the news headlines a lot these days, and for good reason.It's struggling to deal with a number of growing pressures - like the sudden collapse of Evergrande, which many are calling a 'Lehman moment' for the nation's over-leveraged financial system. But there’s one unfolding factor that’s dangerously under-appreciated, so important to China’s future that it could lead to war.
FOUR NEVER-BEFORE SEEN GOLD PRODUCTION CHARTS: Including Interesting Dynamics That Impacted 1970s Inflationary Gold PricesSeptember 16, 2021
In this article, I provide four never-before-seen gold production charts. One of these charts shows part of the reason why the price of gold surged during the inflationary 1970s. While oil price inflation had a significant impact on the gold price during the 1970s, another major factor was the large decline in gold production
Gold prices on Wednesday consolidated in a tight range near the key $1,800 level as softer U.S. inflation data fed uncertainty about the Federal Reserve’s tapering timeline.
If Jay hikes rates and inflation doesn’t subside, he’s likely going to have to deal with the biggest stock market panic since 1929 and a surge into gold not seen since the 1970s!
“The End Of The Gold Standard Unleashed The Most Inflationary Period Ever”: Jim ReidSep 15, 2021 - 12:54:10 PDT
On Monday, Deutsche Bank’s chief credit strategist Jim Reid released his annual Long-Term Asset Return Study, which marks the 50th anniversary of fiat money - on which it is focused - thanks to President Nixon ending the dollar's link to gold in August 1971, arguably the most catalytic event that helped unleash the gargantuan wealth inequality we see today...
What we do know now is that as the debt ratio has soared, each additional dollar of debt is leading to significantly less than a dollar’s worth of economic growth. This is referred to as the “credit multiplier” or “money multiplier.” More debt is unlikely to generate greater economic growth, other than perhaps for a short span of time.
For most of the period between 1700 and the outbreak of WW1 in 1914, the value of the British pound was linked to gold—a tight policy regime. While the price level was highly volatile during this period, there was little or no net inflation except in the years when gold convertibility was suspended—namely...
The government bean counters are working overtime to hide inflation. Yesterday’s Consumer Price Index (CPI) number would be hilarious if it wasn’t so damaging to Americans. According to the Bureau of Labor Statistics (BLS), inflation rose only 0.3% month over …
Sep 15, 2021 - 11:57:17 PDT
The proposed rule from the Federal Housing Finance Agency would encourage the pair to shift more risk from taxpayers to private investors, while allowing them to support the housing market, the agency said.
Some Senate Democrats are urging President Biden to reappoint Federal Reserve Chairman Jerome Powell for a second term, suggesting that replacing him could erode the independence of the institution.
During a virtual round table, in partnership with European Pensions, a panel of industry experts consider the medium and long-term prospects for inflation, its potential impact on portfolios and the hedging tools available for pension funds to prepare for whatever the future may hold.
Post by World Gold Council
Gold is hovering around $1,800. Nearby support at $1779/74 is proving to be pretty solid. Therefore, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, favours near-term recovery.
Most economists are of the view that through the inspection of economic data it is possible to identify early warning signs regarding boom bust cycles. What is the rationale behind this way of thinking?
Sep 15, 2021 - 07:40:33 PDT
Inflation adjusted (real) earnings have declined 9 out of the past 12 months. There has been no gain since 1973.
“Speak softly and carry a big stick” President Theodore Roosevelt on foreign policy. In other words, let your actions, not your words set the tone. It appears the Fed may be taking the opposite tack. Many Fed members are vocal about tapering soon, but there is reason to believe the Fed will not back their words with action.
Half of American adults in a new poll disapprove of President Biden, marking the first time his approval has dipped into "negative territory" since taking office.
Antony Davies explains the importance of working from first principles. If you don't start with fundamentals problems can compound as we see regularly with government. Concepts such as minimum wages can have unforeseen consequences. Every action comes with a trade-off and a cost.
The Constitution of the United States represents the classic solution to one of humankind’s greatest political problems: that is, how does a small group of states combine into a strong union without the states losing their individual powers and surrendering their control over local affairs?
People doubt the government's role as a protector but send mixed messages about their value of freedom.