Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Some traders in India’s bond market are betting that the central bank may have actually reached the peak of its rate hikes, even as the monetary authority sounded hawkish in its policy.
China’s central bank may have more room to cut interest rates in the second quarter as the risk of another Covid wave looms in coming months and the US Federal Reserve ends its interest rate hikes, according to a prominent Chinese economist.
Money managers have cut $300 billion of bearish bets and are now positioned more in line with historic norms — robbing the market of pent-up demand just as the Federal Reserve warns its inflation-fighting battle is far from over.
Bill Introduced in Wisconsin House Would Repeal Sales Tax on Gold and Silver BullionFebruary 9, 2023
A bill introduced in the Wisconsin Senate would create a state sales tax exemption on the sale of gold and silver bullion. By effectively repealing the sales tax, the bill would relieve some of the tax burden on investors, and take a step toward treating precious metal bullion as money instead of a commodity.
Feb 8, 2023 - 13:37:05 PST
I view gold as the primary global currency. It is the only currency, along with silver, that does not require a counterparty signature.” Alan Greenspan
In a report issued at the end of January the WGC said central bank gold buying in 2022 was the highest in decades.
China's gold reserves rose to 65.12 million ounces at the end of January, up 480,000 ounces from the end of December 2022, data from the State Administration of Foreign Exchange showed Tuesday.
This changed rapidly after Japan was forced to open its economy to foreign trade in the 1850s. The very different gold-to-silver ratio in Japan as compared to Europe and the Americas encouraged arbitrage, rapidly forcing Japan to shift its monetary system into one that conformed more to 19th-century European expectations.
The White House is closing a door the industry fought hard to open.
The regime is trying to whip up maximum hysteria or the chances that the US government could default on its debts if the debt ceiling is not raised.
Another Recession Sign: Part-Time Work Is Growing Faster than Full-Time WorkFeb 8, 2023 - 12:52:49 PST
The Bureau of Labor Statistic (BLS) released new jobs data on Friday. According to the report, seasonally adjusted total nonfarm jobs rose 517,000 jobs, which was well above expectations.
"Unconstrained politicians are likely to authorize more borrowing than they should. The debt ceiling might provide a useful—if somewhat limited—constraint against excessive borrowing." ~ William J. Luther
For the first time in modern history, the Fed is operating at a loss. This article explores what that means for savers and investors.
Fed’s Williams Says Restrictive Policy Needed for a Few Years to Bring Down InflationFeb 8, 2023 - 12:23:11 PST
The New York Fed chief said the central bank will need to keep monetary policy sufficiently restrictive for ‘a few years’ to bring down inflation, in a WSJ CFO Network Summit interview.
China has maintained a "strategic partnership" with Ukraine for years, but as Beijing and Moscow deepen ties amid the ongoing war, Kyiv is wondering what this partnership is worth.
Russia Warns Of "Consequences For Entire World" If UK Sends Jets To UkraineFeb 8, 2023 - 12:00:05 PST
Given the UK government clearly said it is "exploring" the possibility of sending fighter aircraft to Ukraine, namely its Typhoon jets, upon a visit by Ukraine's Zelensky to London, Russia has responded fiercely. Prime Minister Sunak earlier explained:
The New York Times called it a “mystery,” but the United States executed a covert sea operation that was kept secret—until now
Feb 8, 2023 - 11:46:17 PST
Starting in 2009 with the housing bubble burst and ensuing financial crisis, The Federal Reserve bought agency mortgage-backed securities (MBS) in an effort to provide stability to the then suffering housing and mortgage markets. Flash forward to today and The Federal Reserve still has $2.62 TRILLION in Agency MBS in its System Open Market holdings. And declining very slowly.
A Bigger Picture Look At US Housing Affordability (Or Just How Over-Priced Are American Homes)Feb 8, 2023 - 11:44:00 PST
What can you discover when you chart median new home sale prices against median household income?
Feb 8, 2023 - 08:32:28 PST
Reflecting on their personal financial situations, 35% of Americans say they are better off now than they were a year ago, while 50% are worse off. Since Gallup first asked this question in 1976, it has been rare for half or more of Americans to say they are worse off. The only other times this occurred was during the Great Recession era in 2008 and 2009.