Gold has all the potential to go unprecedentedly high. But silver will be gold on
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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.
Apr 18, 2023 - 09:05:35 PDT
In a fresh sign of the threat to traditional banks, Apple and Goldman Sachs on Monday announced the launch of a new savings account in the US that will pay a market-leading 4.15 per cent a year.
Cash Will Become ‘Less Useable’ as High Street Goes Contactless, Says Bank of EnglandApr 18, 2023 - 09:03:21 PDT
Deputy governor Sir Jon Cunliffe warns of long-term decline in places where bank notes can be spent...
Big Question With Dollar Under Fire From Rival Countries And Currencies: What Happens Next? MWApr 18, 2023 - 08:49:47 PDT
Warning that 'King Dollar' may soon lose its crown are again in vogue. Here's what the experts say.
This crisis will lead to the end of the welfare-warfare-fiat currency system. While history suggests this will lead to the rise of even more authoritarian political movements, the growing popularity of libertarian ideas suggests the collapse will also fuel the further growth of the liberty movement.
Apr 18, 2023 - 08:17:53 PDT
China's massive gold stash is linked to the rise of the petroyuan and is reshaping the global monetary system.
As amazing as it sounds, ECB President Christine Lagarde is making sense.
The US and EU want to reduce dependence on China without resorting to protectionism. How does that work?
The Surge in New Businesses Is One of the Big and Surprisingly Sticky Changes Coming out of the Pandemic EconomyApr 18, 2023 - 08:05:19 PDT
And yet, the Pandemic Money is long gone.
Apr 18, 2023 - 07:59:21 PDT
The Taylor Rule suggets a Fed Funds Target rate of 11.77 while the current target rate is only 5%. This is called “leading from behind.”