Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Americans are earning more, but inflation is eating up their rising wages and then some.In his podcast, Peter Schiff talked about the unprecedented collapse in real incomes and how it will trickle down through the economy.
China and Russia have grown increasingly close, and China has refused to condemn Russia's Feb. 24 invasion of Ukraine, which Moscow calls a "special operation" to demilitarise the country. China has blamed the Ukraine crisis on NATO's eastward expansion.
US Treasury Secretary Led Walkout Of G20 Meeting As Russian Official Started TalkingApr 21, 2022 - 05:48:58 PDT
The stunt is the latest example of the Biden administration refusing to engage with high-level Russian officials. Secretary of State Antony Blinken hasn’t spoken with his Russian counterpart, Sergey Lavrov, since February 15, and President Biden has no plans to hold talks with Russian President Vladimir Putin.
A prolonged slowdown in China would have substantial global spillovers, IMF Managing Director Kristalina Georgieva said on Thursday, but added that Beijing has room to adjust policy to provide support.
Other corners of the globe are seeing indications of robust fuel demand though. On Wednesday the 3-2-1 futures crack spread in the U.S. -- a measure of the profitability of turning crude into gasoline and diesel -- shot up to the highest level in records going back to 1986. In Europe, France’s oil-product sales were above pre-Covid levels in March.
Global energy demand will continue rising by 2030, which will necessitate an additional $1.3 trillion in investments in all forms of energy, including oil and gas, to avoid a shortage of energy supply, according to JP Morgan...
A barrage of shocks is building that’s unlike anything emerging markets have had to confront since the 1990s, when a series of rolling crises sank economies and toppled governments.
Silver investment saw strongly divergent performances in 2021, both within categories and over the course of the year. The star of the show was physical silver coin and bar sales, which jumped by 36% to 278.7Moz (8,668t), the highest level since 2015 (which was a record high). Growth in ETP holdings also continued. Gains were seen early in the year, with holdings surging to record highs...
Apr 20, 2022 - 12:49:21 PDT
Gold rising as global bonds collapse. Ultimately, central banks will be forced to improve the quality of international reserves in attempt to restore the credibility of fiat currencies. Gold will play a major role as a monetary asset.
Gold Price has fallen to $1,940 as rising bond yields put the yellow metal under pressure. Strategists at Commerzbank would not overestimate the setback as ETF inflows are sill ongoing, showing that investors remain loyal to gold.
"We Hope You Enjoyed Your Ride Through Fantasy-Land, Now Watch Your Step As You Exit..."Apr 20, 2022 - 12:35:18 PDT
Nothing unravels quite as dramatically as systems which are presumed to be rock-solid and forever.
The U.S. economy grew at a moderate pace through mid-April, but rising prices and geopolitical developments created uncertainty and clouded the outlook for future growth, the Federal Reserve said.
Deutsche Bank Previously Forecast A US Recession Now Warns To "Prepare For A Hard Landing"Apr 20, 2022 - 12:21:47 PDT
Finally, just in case it wasn't already bearish enough, the bank also lists three key downside risks to its view, which include...
The cost of a daily routine — travel, coffee, food — is far pricier than it was when offices shut down two years ago.
Soaring inflation and supply chain woes are poised to diminish the impact of President Biden's signature $1.2 trillion infrastructure package that Congress passed with bipartisan support last year.
A recession and hard landing is on the way. What will it look like?
Apr 20, 2022 - 11:47:56 PDT
The Covid epidemic was bad enough with the government shutdowns and deaths. But was even worse is that all the Fed monetary stimulus and Federal government stimulus “relief” led to a reversal of fortune. In that, the share of net worth held by the top 1% grew and the gap between the 1% and bottom 50% hit an all-time high.
The American Dream Is Dead: First Time, Less Than Half Of Americans Believe They'll Ever Own a HomeApr 20, 2022 - 11:43:04 PDT
As such, it really would behoove the West to stop pump sub-priming and literally get its house(s) in order.
Russia Tests Nuclear-Capable ICBM As Putin Warns Enemies It's "Food For Thought"Apr 20, 2022 - 08:50:00 PDT
In a new 'message' aimed at the West, Russia on Wednesday test launched a new intercontinental ballistic missile, the Sarmat, according to Interfax citing the Russian defense ministry.
Roman statesman and philosopher Marcus Tullius Cicero wrote of coins with fluctuating value in his 44 BCE essay on moral leadership. Centuries later, this briefest of mentions fueled a longstanding historical debate – one that's just been answered by the coins themselves.