Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Analysts at Goldman Sachs said that gold price still has room left to rise to the $2000 mark by the end of this year, in its latest note. Key quotes “
This is yet another reminder that U.S. taxpayers and investors need their own “attractive insurance policy” against freewheeling government spending and currency debasement.
Aug 24, 2021 - 11:53:50 PDT
"Professors Boettke, Salter, and Smith take aim at the root of monetary policy of our time; finding it deeply deficient, they recommend putting central banks under very strict rules. Bring on the fetters." ~ Joakim Book
Goldman Sachs say on gold they see XAU/USD moderately higher
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GS quote via Reuters. As a ps. the last forecast for gold I saw for GS was US$2K by year-end.
The dollar was steady on Tuesday, near the previous session’s five-day low, as markets appeared less concerned by the spread of the Delta coronavirus variant while risk-related currencies benefited from rising commodity prices...
An autopsy of this month’s blockbuster 10-year Treasury auction shows global funds bought a record amount. Traders will be scrutinizing this week’s sales for a possible repeat. A breakdown of the Aug. 11 sale released by the Treasury on Monday showed the Foreign and International category, a group that includes foreign official entities, were awarded $15.4...
It is common for commentators and economists to refer to something called the “economy,” which sometimes performs well and at other times poorly. The “economy” is presented as a living entity apart from individuals.
What would silver’s price be today if it matched its performance from the bull market of the 1970s? At first, you may think that simply calculating the official inflation rate would give the answer. But as you’ll see from Mike Maloney’s latest presentation there’s much more to the equation than that.
Forget The Fed And Jackson Hole: Treasury Is About To Unleash $500 Billion Quantitative TighteningAug 24, 2021 - 09:17:29 PDT
Three weeks ago, moments after the Treasury released its latest Treasury issuance Sources and Uses report which virtually nobody on Wall Street pays attention to, we confirmed something we first observed months earlier: stealth QE - which as we explained early this year is how the Treasury injected $1.5 trillion of liquidity into the market in the past 12...
Despite attempts to minimize taxes, the top 1% pay 24.1% of all taxes. The top 5% pay over 40% of all taxes.
The longer the central bank continues ultra-easy monetary conditions, the more the richest families benefit disproportionately.
Aug 24, 2021 - 08:42:42 PDT
THE US Army successfully fired its first Iron Dome missile interceptor on Monday as fears of World War Three build across the world. The troops this morning completed the first test of the missile …
Russian President Vladimir Putin on Monday launched the construction of new nuclear submarines and other warships, part of a sweeping military modernization effort amid tensions with the West.
As Pentagon's Afghan Debacle Unfolds, Russia Announces Joint War Drills With China & Iran In GulfAug 24, 2021 - 08:37:43 PDT
At a moment much of the world sees the US in 'retreat' from central Asia amid the ongoing Afghan evacuation debacle, it increasingly looks like Russia and China are stepping in as the next great power influencers in the region. The timing of a Russian announcement detailing upcoming joint military exercises appears geared toward sending just such a message.
Aug 24, 2021 - 07:51:50 PDT
With rising inflation and disproportionately high job losses among low-income earners, more Americans are relying on dollar stores for groceries and other everyday needs.
Senator Howard Buffett published this thesis, Human Freedom Rests on Gold Redeemable Money on May 6, 1948. Senator Buffett feels the gold standard and gold ownership are indispensable elements for human freedom: (My emphasis)
The Social Security COLA Will Likely Be Bigger Next Year. But Checks Might Not Go So FarAug 24, 2021 - 07:18:45 PDT
Retirees could see bigger monthly checks from Social Security next year. But rising Medicare Part B premiums and taxes could eat away at their value.
Decoupled from reality? Or pricing in a nirvanic future of borrow-money-for-free Wall Street landlords and a return to serfdom for the rest of us?
When the U.S. invaded Afghanistan in 2001, the global economy looked a lot different: Tesla Inc. wasn’t a company, the iPhone didn’t exist and artificial intelligence was best known as a Steven Spielberg film. Now all three are at the cutting edge of a modern economy driven by advancements in high-tech chips and large-capacity batteries that are made with a range of...
The Colorado River irrigates farms, powers electric grids and provides drinking water to 40 million people. But as its supply dwindles, a crisis looms.