Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Gold Performance in Major Currencies, 2000-2023 YTD...
Mar 3, 2023 - 12:58:25 PST
Car companies are interesting in potentially acquiring silver mines, as vertical integration happens across sectors, says Keith Neumeyer, President and CEO of First Majestic Silver (NYSE: AG; TSX: FR). Neumeyer discusses how rising industrial demand will send the silver price to triple-digits, and why he is optimistic about gold in 2023.
Soc Gen likes long gold this year, sayng that while gold can offer protection against systemic risk, and also in its favour:
Gold price shed more than 5% in February. XAU/USD is currently trading at a good $1,840, which puts it around $40 or 2% higher than on Tuesday. It app
The forecasts always draw a wide range of possible outcomes and 2023 is no different with the lowest annual average forecast for the gold price at US$1,594 and the highest at US$2,025.
The Idaho State House today approved a bill to enable the State Treasurer to protect state funds from inflation and other financial risks by holding some physical gold and and silver.
Mar 3, 2023 - 12:47:24 PST
Kiyosaki predicted that by 2025, bitcoin’s price will be $500,000 while gold will rise to $5,000 and silver will soar to $500. This year, he expects the price of gold to reach $3,800 and silver to hit $75. He said the holders of gold, silver, and BTC will get richer when the Fed pivots and prints trillions of dollars. In January, he said that we are in a global recession, warning of soaring bankruptcies, unemployment, and homelessness.
The U.S. Housing Market Is Crumbling Under the Weight of Higher Mortgage Rates & Affordability: MWMar 3, 2023 - 12:06:25 PST
Single-family home prices slid 1% in January, as compared to December 2022, according to data from Moody’s Analytics.
The U.S. Federal Reserve is "acutely aware" of the challenges high inflation poses to the economy and is "strongly committed" to its 2% target for price increases, the central bank said on Friday in its latest semiannual report to Congress on monetary policy and the economy.
Economic activity in the services sector expanded in February for the second consecutive month as the Services PMI® registered 55.1 percent. The sector has grown in 32 of the last 33 months, with the lone contraction in December.
The US government is rapidly approaching the financial endgame and has no choice left but to "reset" the system.
Mar 3, 2023 - 11:52:28 PST
But despite how bad the financial crisis of 2008/2009 was, the growth of Fed assets on it balance sheet (orange oval) paled in comparison to The Fed’s overreaction to the Covid outbreak of 2020. And the government shutdowns and mask mandates.
Mar 3, 2023 - 11:49:15 PST
The U.S. Department of the Treasury has released comments from Undersecretary for Domestic Finance Nellie Liang on the “Next Steps to the Future of Money and Payments,” addressing CBDCs and the approach the American government is taking to their potential implementation.
US Army Secretary Christine Wormuth said this week that the US must prepare to win a future war with China over Taiwan by beefing up its military deployments in the region. “I personally am not of the view that an amphibious invasion of Taiwan is imminent,” Wormuth said at an American Enterprise Institute event, according …
Mar 3, 2023 - 11:43:23 PST
In addition to the current 65% who want the U.S. to take a substantial role in world affairs, 27% prefer a minor role and 7% want it to have no role at all. This is only the second time, along with 2011, when more than 30% wanted the U.S. to take a limited role, if any, in trying to solve international problems.
Mar 3, 2023 - 08:11:50 PST
Economist Nouriel Roubini paints a bleak future for a world facing ‘megathreats’ – including global economic meltdowns. ‘Dr Doom’: World headed for dark times in the next 20 years
This article was written by Brandon Smith and originally published at Birch Gold Group. This past month a poll held by ABC and the Washington Post with a 37 year history asked Americans if they were better or worse off in the two years since Biden entered the White House. If you were to ask Biden this question, you would be regaled with a flurry of great news about a fantastic economic recovery...
This article is about why interest rates and bond yields are rising and why they will continue to rise, threatening to undermine the entire western banking system. Rising bond yields are deferring the prospect of a central bank pivot away from fighting inflation to tackling a widely expected recession. Anyway, these expectations wrongly assume that price inflation will fall in a recession...
Federal Reserve rate hikes meant to quell inflation may ultimately have the opposite effect. Inflation occurs when the currency supply expands too rapidly as confidence...
Fed’s Balance Sheet Drops by $626 Billion from Peak, Cumulative Operating Loss Grows to $38 billion: Update on QTMar 3, 2023 - 07:51:36 PST
Quantitative Tightening is starting to add up.