Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
$1 Billion Sale Marks First Major Bank’s AT1 Bond Offer Since Credit Suisse WipeoutApr 19, 2023 - 05:35:08 PDT
The market for Additional Tier 1 bonds is back in business with a big offering by a Japanese bank just weeks after Credit Suisse Group AG’s collapse hammered the notes.
Morgan Stanley Slides As Credit Loss Provisions Surge Due To Commercial Real Estate ExposureApr 19, 2023 - 05:32:56 PDT
On the surface, Morgan Stanley's earnings should have been strong enough to prompt a boost in the stock price: unlike its biggest competitor Goldman, which yesterday tumbled after reporting lousy Q1 numbers including a rare miss in FICC, MS not only beat across the board but also saw its investment bank generate stronger than expected results; even so, both revenue and profits...
Equities and other risk assets will take a hit when central banks withdraw as much as $800 billion of stimulus deployed to prop up the global economy, according to Citigroup Inc.
US equity futures fell following hawkish comments from FOMC non-voter Jim Bullard and another double digit CPI print out of the UK; China was weak with property names dropping -2% led by Hong Kong developers which dropped after city leader John Lee dismissed calls by the industry to scrap property cooling measures.
Silver demand set a record in every category last year based on final data released by the Silver Institute this week.Total global silver demand in 2022 came in at a record $1.242 billion ounces. This represented an 18% increase in silver demand over 2021.
There has been a lot of talk lately about de-dollarization. As just one example, the BRICS nations recently announced they are developing a new currency. Peter Schiff recently appeared on Commodity Culture with Jessie Day to talk about the trajectory of the dollar. He said that the death blow for the dollar is coming. And when it does, people will run to gold.
Arkansas Gov. Sarah Huckabee Sanders has signed a bill into law making gold and silver legal tender in the state. The new law also effectively repeals the state capital gains tax on gold and silver. Enactment of this legislation will relieve some of the tax burden on investors, and take a step toward treating precious metal bullion as money instead of a commodity.
Gold has alternately rallied and tanked over the last week based primarily on how investors view the inflation fight. When they think the Fed is about to win, they buy gold. When they think the fight may have to continue, they sell.In a recent podcast, Peter explained that investors are right to buy gold based on inflation. But they're completely backward in their reasoning.
Crescat’s Portfolio Managers, Kevin Smith and Tavi Costa, provide insight on their current views of the economic environment and how their strategies are positioned to create value for Crescat clients.
All in all, it seems as though the global push for central bank digital currencies could offer further support for gold prices, which are approaching record highs. Central banks will continue buying the precious metal as part of their diversification strategy, while investors will like its hedging appeal in an environment where the fate of both fiat and digital currencies poses risks.
Apr 18, 2023 - 12:55:03 PDT
Gold prices are on the brink of setting another record as a confluence of market forces has prompted investors to pile into the precious metal over recent months.
Ending income / capital gains taxes on precious metals sales is becoming more popular.
A new survey finds 27% of people aged 59 and older have no money set aside for their later years.
“Any further liquidity stresses faced by banks or a deeper US recession would also pressure CRE valuations,” they continued. “While loan losses will depend heavily on the transaction, average loan-to-value ratios imply a 40-50% decline in values before losses are taken.”
Commercial real estate property insurance has increased so much over the past 2 years that the industry is requesting lending reform and government help Commercial real estate property insurance has increased so much over the past 2 years that the industry is requesting lending reform and government help to address the pressure these rising prices have put on the market...
CRE Giant Brookfield Defaults On $161 Million Debt For DC Office BuildingsApr 18, 2023 - 12:09:01 PDT
The latest headline fueling concerns about a potential CRE crisis involves a fund belonging to CRE giant Brookfield defaulting on a $161.4 million mortgage for twelve office buildings in Washington, DC.
The Housing Bubble: Owners Trapped by Low-Rate Mortgages, Buyers Thwarted by High-Rate MortgagesApr 18, 2023 - 12:08:03 PDT
Who's left to buy overvalued houses? Too few to prop up bubble valuations
This week marks the two-year anniversary of declining real wages for ordinary American workers due to ongoing high inflation. The latest consumer price index, released this week, shows prices grew 20% faster than wages over the last 12 months.
The amount of taxes collected from Americans under President Joe Biden has soared compared to former President Donald Trump’s tenure, while tax enforcement has also risen, an analysis of Internal Revenue Service (IRS) data shows.
A Record 69% Of the Public Holds Negative Views About the Economy Both Now and in the FutureApr 18, 2023 - 09:06:46 PDT
Amid persistent inflation, higher interest rates and recession worries, Americans have never been more negative about the economy, according to the latest CNBC All-America Economic Survey.