Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
The markets have been jittery lately. The mainstream remains concerned about inflation - more specifically that the Fed is going to tighten monetary policy sooner rather than later to fight rising prices. But in his podcast, Peter Schiff makes the case that the markets are afraid of the wrong thing. They shouldn't be worried about the Fed fighting inflation. They should be worried that it won't.
The U.S. Shale Oil Industry is in serious trouble as it is not drilling enough wells to keep future production from collapsing. With a near 50% annual decline rate, the shale industry must drill enough wells to offset declines and grow production. And, to make matters even worse, the shale industry is depleting...
The Royal Mint records a rise in profits aided by a fivefold increase in gold investment by young adults.
Gold Has Had a Tough Year, but Things Could Turn Around in the Second Half, Market Analyst SaysJul 21, 2021 - 12:47:22 PDT
“Historically, when you look at inflationary times, gold tends to be a second-half player,” said Lydon, also CEO of ETF Database.
The pair analyzes inflation occurring in both the Eurozone and the United States, and Lacalle notes that real wages have suffered before the pandemic and continue to suffer from the increased stimulus. To protect one’s hard-earned savings, Lacalle argues that a portfolio should include gold, cryptocurrencies, and equities in secular growth sectors.
The U.S. Treasury Department is likely to be unable to pay its bills and provide funding for certain benefit programs sometime in October or November unless Congress approves legislation extending the agency's statutory borrowing authority, the non-partisan Congressional Budget Office forecast on Wednesday.
“Nobody is going to hold the American economy hostage, period, full stop,” Senate Finance Committee Chair Ron Wyden said Wednesday following a meeting with Senate Majority Leader Chuck Schumer on the debt-ceiling.
Prepared by Professor Steve H. Hanke, The Johns Hopkins University
Note A: Hanke’s annual inflation rates are implied from free-market exchange rates; inflation values under 25%/yr should be considered unreliable. Note B: Countries for which Hanke's annual inflation rate is at or exceeds 25%/yr are red. Countries that do not meet this threshold are yellow.
The biggest question facing the US economy is when skyrocketing consumer prices will come back to earth. The emergence of the Delta variant only deepens that inflation mystery.
Constricted supply, not overheating demand, is casting a shadow over the recovery, worrying investors.
Stellantis NV Chief Executive Officer Carlos Tavares warned the auto giant is feeling the strain from rising raw material prices and expects semiconductor shortages to stretch into next year.“ I see the inflationary pressure very clearly,” he said on a webinar organized by the Detroit-based Automotive Press Association. “I see inflation coming from many...
Harley-Davidson Inc. has joined a chorus of other U.S. companies in warning that inflation headwindsJul 21, 2021 - 11:31:40 PDT
Harley-Davidson Inc. has joined a chorus of other U.S. companies in warning that inflation headwinds are going to persist for at least the rest of this year.
More U.S. Inflation Pressure to Come From Seniors’ $60 Billion Income BoostJul 21, 2021 - 10:53:01 PDT
U.S. retirees may see bigger-than-usual income bumps next year, maintaining upward pressure on inflation that’s already proving more persistent than economists were expecting. Seniors would be getting about $60 billion more next year in payments than 2021, adding 0.3% to total disposable income, according to Markowska.
FINRA has released new data for margin debt, now available through June. The latest debt level is up 2.4% month-over-month and is at a record high.
Yesterday, we reported separately on the latest residential building permits and housing starts in the government's monthly report, courtesy of the Census Bureau and the Department of Housing and Urban Development.
A Majority of Americans Think Children Will Be Financially Worse Off Than Their Parents: SurveyJul 21, 2021 - 10:28:47 PDT
A 2016 study co-authored by Grusky found that only half of those born in 1984 were earning more than their parents, compared to 92% of those born in 1940.
Jul 21, 2021 - 09:35:51 PDT
Plus: Strip clubs help reduce crime rates, tariffs fail to achieve their primary political purposes, Jeff Bezos goes to space, and more.
"Borrowing in the overnight lending market allows for the Federal Reserve to access a larger pool of funds from a diversity of financial institutions. As a result, the Fed can borrow these funds at lower rates and avoid attracting negative attention that would be generated by an increase in the...
Central bank digital currencies are a threat, because they would alter the monetary and banking systems in a radical way.
Let's discuss M1, M2, Base Money, and QE as measures of money.