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Why should you own gold in your investment portfolio? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about some reasons to own gold, including its historical wealth-preserving qualities and its role as a safe haven. He also talks about a new buzzword central bankers and politicians are using to make inflation seem less bad.
A Major RED FLAG for Precious Metals Investors has arrived, which I discuss in this new video report. Unfortunately, one well-known stock in the precious metals community is one that I WOULD STAND CLEAR OF. This is a MUST-SEE Report for all SRSrocco Subscribers...
US Legislators Introduce Bill That Would Prohibit Creation Of An American CBDCFeb 23, 2023 - 13:35:01 PST
The bill, titled the “CBDC Anti-Surveillance State Act” details that “Except as specifically authorized under this Act, a Federal Reserve bank may not offer products or services directly to an individual, or maintain an account on behalf of an individual, or issue a central bank digital currency directly to an individual.” It goes on to further detail specifically that “The Board of Governors of the Federal Reserve System and the Federal Open Market Committee may not use any central bank digital currency to implement monetary policy."
After a long period of consolidation, the bull market for gold prices may be poised to resume.
Feb 23, 2023 - 13:23:15 PST
On the heels of overwhelming votes to remove all taxes from purchases of precious metals in Mississippi, legislators in Vermont have introduced a measure to curtail the controversial tax in their own state.
Feb 23, 2023 - 13:22:42 PST
The trend across the nation is to eliminate taxes on precious metals. The state of Louisiana and Ohio both experimented briefly with reimposing sales taxes on precious metals purchases. They both quickly reversed course..
Gold is nearing its strongest buy signal in four months as the U.S. dollar eases off a rally that’s carried the greenback to its highest point since early January. According to the 14-day relative strength index (RSI), gold was at its most oversold level since October 2022 at the end of last week, indicating it […]
Iraq is the latest nation in the Global South to move away from the US dollar in bilateral trade with China
Quietly and off most people’s radar screens, US residential fixed investment (home building) has slumped by 20 percent in the past year – a rate of decline that puts it on a par with the major housing recessions of 1990, 1980, 1973, 1965, and 1951.
Feb 23, 2023 - 12:20:50 PST
If yesterday had been National Creepy Crooks Day, JPMorgan Chase would have taken top honors. Bloomberg News reported on the creepy emails that former JPMorgan Chase executive Jes Staley was sending back and forth from his email account at the bank to child sex trafficker Jeffrey Epstein, as the bank was only too happy to handle 55 accounts worth hundreds of millions of dollars for Epstein.
I have known Alan Collinge of Student Loan Justice for multiple years now. He has been prompting some type of relief for those who will never be able to payback these loans or are in default.
The national debt has risen at a blistering pace over recent decades and is now higher than any era of the nation’s history—even when adjusted for inflation, population growth, and economic growth (GDP).
The West never won over as much of the world as it initially seemed. Here’s how Russia is taking advantage of a fragmented world.
Yellen Warns China of ‘Serious Consequences’ in Helping Russia Skirt US SanctionsFeb 23, 2023 - 12:07:23 PST
Speaking at a news conference ahead of a G20 financial leaders meeting in Bengaluru, India, Yellen made it clear the U.S. would crack down on any efforts to skirt the financial sanctions levied against Russia to cripple its war effort in Ukraine.
The Stock Market’s Rally Was a Head Fake and the Smart Money Now Is With the Bears: MWFeb 23, 2023 - 12:05:18 PST
S&P 500's support is at 3900, then 3760 -- the December 2022 low, writes Lawrence McMillan.
While Americans are preoccupied with balloons and other stories that are mostly for show, more serious thinkers are applying themselves to oil, natural gas, gold, the dollar, technology and other geoeconomic benchmarks.
Mortgage rates continued their steep climb this week, surging closer to 7%, and forcing more would-be buyers back to the sidelines.
Jamie Dimon Says the Federal Reserve Has ‘Lost a Little Bit of Control of Inflation'Feb 23, 2023 - 11:49:08 PST
Dimon himself said he expects that interest rates could "possibly" remain higher for longer, as it may take the central bank "a while" to get to its goal of 2% inflation.
Feb 23, 2023 - 11:42:43 PST
Bull steepenings in the yield curve are generally seen as a precursor to a recession, but they are often preceded by bear steepenings. The 3m30y curve is currently bear steepening, indicating a recession could begin as early as the summer. In fact, the 3m30y curve is now inverted at -94.628 basis points pointing to a recession in summer 2023.
Feb 23, 2023 - 11:40:21 PST
Yesterday, we saw The Federal Reserve release the minutes of the last meeting. In a nutshell, The Fed is going to keep raising rates. The terminal Fed Funds target rates is now 5.363% for the July FOMC (Fed Open Market Committee) meeting in 2023.…