Gold has all the potential to go unprecedentedly high. But silver will be gold on
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A half century ago one of the most disastrous monetary decisions in U.S. history was committed by Richard Nixon. In a television address, the president declared that the nation would no longer… The return of prosperity will only come about when gold is again a part of the monetary order and reasserts its critical role in the limitation of central bank power.
Egyptian Billionaire Naguib Sawiris Says a Quarter of a Portfolio Should Be in GoldAug 10, 2021 - 06:00:50 PDT
“I say 20% to 30%. I used to be at 50%,” the chairman and CEO of Orascom Investment Holding told CNBC’s “Capital Connection” on Tuesday. “It’s something that’s fundamental. It’s always been there.”
Gold steadied on Tuesday, after three sessions of declines, as uncertainties from rising Covid-19 infections countered a buoyant dollar.
On 17th of February 2021, the Institute of International Finance published calculus that at the end of 2020 it amounted to 281 trillion US dollars (3) or 355% of the global GDP and this figure does not even include this years announcements of public borrowings; therefore, there is quite a logical open question, how sustainable is the “spend-borrow-repeat” approach?
Maersk results offer more evidence that capacity constraints and U.S. — not worldwide — demand drive rates.
Russian forces are participating in a regular Chinese military exercise for the first time this week, stoking concerns among western analysts that the two US adversaries are developing joint operational capabilities.
Congress is moving toward finalizing a $1 trillion infrastructure bill. Peter Schiff appeared on Newsmax "The Count" with Jenn Pellegrino to talk about the spending spree.Biden said spending billions on government projects will help America to "build back better." Politicians have been promising this for decades. But Peter said it's the wrong approach. We should get government out of the way and let the free market work.
Market May Be in the ‘Biggest Bubble of My Career,’ All-Star Investor WarnsAug 10, 2021 - 05:21:53 PDT
Richard Bernstein, who runs Richard Bernstein Advisors, sees rising interest rates as kryptonite for assets from Big Tech to bitcoin to long-term bonds.
Tropical storm watches were issued for various Caribbean islands Monday evening for what could soon become the sixth named tropical storm this year.
The ‘Buy Now, Pay Later’ Trend Could Be the Next Hidden Source of Consumer Debt, Analysts WarnAug 10, 2021 - 05:17:57 PDT
"Buy now, pay later" options used by consumers for online purchases are becoming increasingly popular, but analysts warn of default risks.
Senate Set To Pass $1 Trillion Bipartisan Infrastructure Bill As Dems Move Ahead With Economic PlanAug 10, 2021 - 05:12:00 PDT
The bill's Senate passage will be a major step for Democrats as they try to push through a sprawling economic agenda.
U.S. Senate Poised To Pass $1 Trillion Infrastructure Bill, Debate $3.5 Trillion Budget PlanAug 10, 2021 - 05:12:00 PDT
The U.S. Senate on Tuesday is set to hand President Joe Biden a $1 trillion victory when it votes to pass one of the largest infrastructure investment bills in decades and then launches debate on a budget framework aimed at setting the stage for $3.5 trillion in additional investments.
China’s COVID Lockdown Could Have Economic Costs to the World, Says StrategistAug 10, 2021 - 05:10:04 PDT
China's tough Covid-19 measures to combat an uptick in daily cases would hold back economic growth and hit markets, said veteran strategist David Roche.
U.S. Treasury yields were little changed early on Tuesday, as investors digested jobs data while awaiting key inflation readings later this week.
Our phone and internet service have been down for the past day, including our streaming TV service. It's quite amazing how much we all have become totally dependent on these services. Since about 10 am yesterday, our phone line has been off, which also supplies our internet service here out in the country...
Things happen when markets try to second-guess central banks in a world where the old macro economic connections between inflation, growth and unemployment don’t seem to work as well as they used to.
Aug 9, 2021 - 12:34:13 PDT
Yes, it's been frustrating for gold and silver investors every time these smashes happen, especially as the bubbles all around keep getting bigger and bigger. But it will end. Once the pivot happens and the metals markets are set free, it will be very obvious to all what is happening.
"No One Believes In Fiat Currencies Any More", Barrick Gold CEO Fears EM Economies "In Dire Straits"Aug 9, 2021 - 12:24:06 PDT
Following the overnight chaos in the precious metals markets, Barrick Gold CEO Mark Bristow appeared on CNBC to remind investors that "this is a long-term business," adding that "gold prices go down and they go up and sometimes not in that order."
Two Federal Reserve officials said on Monday that the U.S. economy is growing rapidly and that while the labor market still has room for improvement, inflation is already at a level that could satisfy one leg of a key test for the beginning of rate hikes.
In their Aug 6. letter in response to our op-ed “How the Fed Is Hedging Its Inflation Bet” (Aug. 2), John Greenwood and Steve Hanke argue that the Fed’s sale of a trillion dollars of reverse repos does not in and of itself reduce the deposit liabilities of banks and money-market mutual funds, and that the money supply is unaffected. By that logic, none of the...