Precious metals news

Billionaire hedge fund manager John Paulson said you're better off owning gold than dollars.
Why?
Because he thinks the dollar is set up for long-term depreciation as the world drifts toward dedollarisation.

After the December Consumer Price Index (CPI) report, the mainstream was giddy. "Inflation is over!" they proclaimed. "The Fed is winning the inflation fight!" they cried. "We are entering a period of disinflation!" they insisted.
Well, the January CPI report threw cold water on that disinflation narrative.

With Hecla's declining profit margins resulting in a 10% plunge in the stock price today, is this bad news for the silver miners as they release reports in the next several weeks?  While Hecla sold off today, the company plans to increase silver production by 50% in the next few years...

For this quarter's advisory board we welcome our special guests: John Reade, Chief Market Strategist at the World Gold Council and Michael DiRienzo, Executive Director of the Silver Institute. We discuss the finding of the World Gold Council's Gold Demand Trends 2022 research paper that was published in early February and the trends in the silver market in 2022. Other topics we discuss during the call include: The increase in gold purchases we are seeing from central banks. Asia's increasing importance in gold demand. Silver as a green metal. The impact of ESG measures on gold and silver supply. The Gold/Silver ratio and what we could expect to see in 2023.

Investors need to prepare their portfolios for mega economic and geopolitical trends that are sweeping the world and creating new market conditions that will make the next five much less certain than the last decade was, a Bank of America executive said.

Join Mike Maloney as he takes a look at the recent predictions on gold vs the dollar from John Paulson, billionaire fund manager. Is now an opportune time to buy gold?

Dallas Federal Reserve President Lorie Logan said in a speech at Prairie View A&M University on Tuesday that there is a risk that the Federal Reserve does too little on tightening monetary policy, and the economy remains overheated and the central bank fails to keep inflation in check. "That could trigger a self-fulfilling spiral of unanchored inflation expectations that would be very costly to stop," Logan said.

The joint letter also calls out the absurdity that the dollar is not already digitized.

We’re focused on putting cash out of business.

Socialism is a very popular system. Vermont Senator Bernie Sanders attracts thousands of fellow economic innocents on college campuses, and even professional economists of the ilk of Paul Samuelson were taken in by the siren song of this ineffective and evil system. (He predicted in his economics textbook that the USSR would overtake the American economy).

This morning, a missile that Russia fired at Ukraine flew over Moldova and came within 22 miles of Romania, which is a member of NATO. If the missile had hit Romania, there would have been immediate demands under NATO’s Article 5, especially within the Ukrainian leadership, for NATO to respond immediately by attacking Russia. It’s also worth noting that NATO wants to make...

Twenty years ago this spring the US government was finally successful in lying us into war with Iraq. Administration after administration had sanctioned and bombed and even invaded the country, but finally 20 years ago next month the Bush Administration unleashed “shock and awe” to flatten a country that did not and could not threaten the United States.

I’ve been writing a lot lately about topics such as U.S. politics, the Federal Reserve, the situation in Ukraine and even the threat of nuclear war. But today I want to address the biggest and most complex topic on the geopolitical landscape today — China.

Argentina's inflation rate has hit just shy of 100%, the government said on Tuesday, with savers feeling more pain from some of the world's fastest rising prices and workers' budgets straining as costs outstrip salaries.

Impending regulations in the European Union, which is at the forefront on ESG legislation, will soon require tens of thousands of suppliers across the supply chain in Asia to report their ESG performance, said Amfori president Linda Kromjong.

We already shared several kneejerk reactions from Wall Street's peanut gallery, now it's time for the slightly more refined and thought out takes, courtesy of some of the biggest banks such as BofA, Goldman and JPM.

The White House has drawn the ire of the Twitter community by repeating President Joe Biden’s dubious claim that his administration had achieved a historical feat on budget reduction. The Pre…

MW: The 6-month T-bill rate rose past 5% on Tuesday after the U.S. consumer price index report for January undefined showed inflation to be sticky and slowing...

The price of a dozen eggs in the US exceeded the cost of a pound of ground beef. A global bird flu that has wiped out about 100 million poultry and high production costs have pushed the price of a carton of twelve eggs to a record $4.82 in January, up from less than $2 a year earlier. Meanwhile the price of a pound of ground chuck has fallen to $4.64 from a 2022 peak of $5.12 last August.

President Joe Biden on Tuesday said a fresh report on the consumer price index reflected progress but there was still more work to do. "Today's data...