Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
Mar 9, 2023 - 13:12:23 PST
The CEO of First Majestic Silver thinks that in the medium to long-term, silver could reach $125 per ounce, thanks to the automobile industry.
The only solution to prevent fiat currencies from collapsing entirely is to officially recognize and reintroduce gold as money, making it the standard against which all credit is valued.
They offer high returns, low correlation with other assets and protection from inflation.
Looking ahead, we see little reason to doubt that central banks will remain positive towards gold and continue to be net purchasers in 2023.
Central bank gold buying picks up where it left off, adding another 77 tonnes of net accumulated gold reserves by early 2023, according to the latest data compiled by the World Gold Council…
Singapore's Central Bank Boosts Gold Reserves By 30% To Nearly 200 TonnesMar 9, 2023 - 13:03:20 PST
n January 2023, Singapore’s central bank, the Monetary Authority of Singapore (MAS) returned to gold buying again, adding a massive 44.6 tonnes of gold to its official reserves, and thereby boosting Singapore’s gold holdings from 153.8 tonnes to 198.4 tonnes.
The Shanghai Gold Exchange (SGE) on Wednesday backed Perth Mint in denying that the Australian processor had sold it "doped" gold bars and said it could take action to protect its reputation.
The banking network is seeking to build a system that will connect the digital currencies of different countries.
With the market starting to price in a greater than 50% chance of a 50 basis point rate hike later this month, it’s worth remembering that the decline in CPI since its peak last June has been the fastest decline outside a severe recession since the 1950s.
Total household debt jumped 8.5% and now stands at a record $16.9 trillion, $2.75T higher than it was before the pandemic. US household debt rose by $394 billion in Q4, 2022..
Please consider the Job Openings and Labor Turnover Summary for January 2023.
Mar 9, 2023 - 11:46:38 PST
It's more than a bit unusual to plot thousands of units and billions of dollars on the same axis, but the chart conveys the important ideas.
Bloomberg reports that Biden’s proposal would increase funding on a bevy of government programs, extending the solvency of Medicare, lowering prescription drug prices, and cutting the deficit by $3 trillion over the next decade.
The year 2023 seems a turnaround year for the world economy: Not only in the real estate sector, where prices are on the rebound. Indeed, inflation and the interest rate hike will still be the focus, at least for the first half of 2023; recession, if any, should be later. The picture is getting clearer: inflationary pressure stems mainly from the strong labour and spending markets. Nevertheless...
Ryan McMaken and Tho Bishop look at how the regime's narrative on foreign policy is failing, and how some in Congress are finally standing up to the warfare state. Yet, the regime wants more US wars in Syria, Ukraine, and now even Mexico. And you will pay for it all. Will the voters demand a more sane foreign policy in 2024?
Money Supply Growth Went Negative for the Third Month in a Row, and Is Near a 35-Year Low | Ryan McMakenMar 9, 2023 - 08:32:20 PST
Money supply growth fell again in January, falling even further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. January's drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years.
As the State of the Union address and subsequent pronouncements have made clear, American politics is in the firm grip of fiscal illusion.
The Debt Ceiling Charade Amid Screams About Social Security: Miller on the MoneyMar 9, 2023 - 08:00:05 PST
During the State of the Union Address the president said the Republicans want to cut Social Security. Several boos were heard; Rep. Marjorie Taylor Greene shouted “liar!”
As we’ve all heard many times, history never repeats exactly. This time around, commercial real-estate is where all the naked swimmers are showing up, and the big reveal has arrived almost overnight like a tsunami, sucking all the water out of the bay. carrying more than a few swimmers out with it.
Are you too poor for the basic human necessity of shelter in Biden’s America? The average home price in Q4 of 2022 was $535,800, according to the St. Louis Fed. If you live in a highly desirable area, expect to pay more. To simplify the math, let’s say that you are looking to purchase a $500,000 property.