Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The European Central Bank should discuss at its upcoming meeting how it will transition from emergency stimulus provided during the coronavirus crisis to monetary support that will help it meet its inflation goal, Governing Council member Robert Holzmann says in interview.“We are now in a situation where we can think about how to reduce the pandemic...
Reps. Alexandria Ocasio-Cortez, Rashida Tlaib and Ayanna Pressley on Monday called for Federal Reserve Chair Jerome Powell to be replaced, stepping up the pressure on President Joe Biden as he draws closer to a decision on the government’s most important economic post.
Housing Bubble On Steroids: US Home Prices Rise At Fastest Pace On RecordAug 31, 2021 - 06:48:15 PDT
According to the Case-Shiller indices, home prices in America's 20 largest cities have exploded at 19.08% YoY in June up from 17.14% in May, beating expectations of 18.6%, and the highest pace on record even surpassing the housing bubble days of 2005-2006.
Ohio Gov. Mike DeWine recently signed a bill into law exempting gold and silver bullion and coins from sales tax. This will not only relieve some of the tax burdens on investors in the state; it will also take a step toward treating gold and silver as money instead of as commodities.
One of the leading global critics of the Federal Reserve’s 2013 “taper tantrum” episode is now worried that the central bank could fall behind the curve as it gradually removes Covid-era monetary stimulus.“The Fed thinks it has time” to slow-walk the tightening process, especially given longer-term disinflationary forces like aging, automation and globalization...
China’s Economy Under Pressure As Factory Activity Slows in Aug, Services ContractAug 31, 2021 - 05:44:20 PDT
China's businesses and the broader economy came under increasing pressure in August as factory activity expanded at a slower pace while the services sector slumped into contraction, raising the likelihood of more near-term policy support to boost growth.
Country will be first to adopt cryptocurrency as legal tender next month – but economists are sounding warnings over risks...
Market’s Record Price Action Is Mimicking Late 1999 and It Could Spark a 10% to 20% CorrectionAug 31, 2021 - 05:32:02 PDT
“Be very much aware of the fact that if and when it reverses, the consequences could be severe,” the firm’s chief equity and derivatives strategist told CNBC’s “Trading Nation” on Monday.
Jerome Powell delivered his much-anticipated speech virtually during the Jackson Hole summit on Aug. 27. Peter Schiff talked about the speech during his podcast. Everybody expected a hawkish speech outlining the Fed's plan to taper quantitative easing. Instead, Powell tapered the taper talk.
Over the past six months, the world has edged closer to nuclear war than it has been since the Cuban Missile Crisis. The Doomsday Clock is ticking toward midnight. The global power balance has been dramatically reshuffled, and the potential for disastrous miscalculation hasn't been so high in 80 years.
America’s retreat from Afghanistan is ending tragically—and that has sweeping strategic implications. One major misjudgment underlying the “ending endless wars” mantra was that withdrawing affected only Afghanistan.
U.S. ‘Credibility Is Rock-Bottom’ After Final Evacuation Flights Out of AfghanistanAug 31, 2021 - 05:14:22 PDT
A former defense official explains why the U.S.’ credibility is at 'rock-bottom' following the final military withdrawal from the Taliban-controlled country.
The ECB, due to meet Sept. 9, is expected to discuss the future of its asset purchase program as its governing council seems divided about when to start relaxing stimulus measures.
Treasury yields dipped on Tuesday morning, as investor focus remained on a key jobs report due out later in the week. The June S&P/Case-Shiller Home Price index is due to be released at 9 a.m. ET. The August CB consumer confidence survey is then set to come out at 10 a.m. ET.
With continued strong demand for precious metals, U.S. Mint Gold Eagle Sales already surpassed last year's total, and there are still four months remaining in the year. That turns out to be a great deal of investor money. At $1,900 per coin, that's $1.6 billion so far this year. Also, Silver Eagle sales nearly reached...
Aug 30, 2021 - 12:35:00 PDT
At this stage, “10% should be put into physical gold," said Mobius in an interview to Bloomberg adding that currency devaluation globally is going to be quite significant next year given the incredible amount of money supply that has been printed.
Aug.29 -- John Paulson, Paulson & Co. president and portfolio manager, explains why gold goes parabolic and why it's a good investment now. He's on "Bloomberg Wealth with David Rubenstein." This was recorded Aug. 12 at Paulson's home on Long Island.
There is a growing consensus that the US economy’s inflationary pressures and growth challenges are attributable largely to temporary supply bottlenecks that will be alleviated in due course. But there are plenty of reasons to think the optimists will be disappointed.
The risk economists face now is that the ground is shifting faster than our understanding. We must call on economics’ scientific imagination to rise to the challenge and examine not just the state of the world but the state of the discipline.
The Treasury is now shuffling books to buy some time but we will reach the $28.5 trillion limit in the next few weeks.