Precious metals news

Simply put, when the volume of demand exceeds the volume of supply, a scarcity premium is created which cannot be priced in ex ante.

When the warning light is flashing red, it's prudent to have a capital preservation strategy in place.

U.S. President Joe Biden plans to unveil a sweeping $1.8 trillion package for families and education in his first joint speech to Congress on Wednesday, as he stresses the need to invest to compete with China, the White House said.

An OECD report on Wednesday showed the economic disruption from the Covid-19 pandemic combined with heightened concerns about health and finances is fueling demands for greater government spending in most of the world’s richest countries. That’s despite an awareness it could mean more tax.

The United States’ trade deficit in goods surged in March, suggesting trade was likely a drag on economic growth in the first quarter, but that was probably offset by strong domestic demand amid massive fiscal stimulus and easing pandemic stress. The goods trade deficit jumped 4.0% to $90.6 billion last month, the Commerce Department said on Wednesday.

The market’s deflationists are getting a second wind, as a string of solid economic numbers and the prospect of more stimulus raise the chances of a revival in trades linked to rebounding growth and prices. A gauge of U.S. inflation expectations climbed to an eight-year high Tuesday, the Bloomberg Commodity Spot Index reached its highest since ...

The big guns of central banking - the U.S. Federal Reserve, European Central Bank and the Bank of Japan - won't officially pare stimulus for a while, a message the BOJ reinforced on Tuesday and one the Fed is expected to reiterate on Wednesday.

There are a lot of new taxes coming down the pike. This was inevitable with all of the government spending. Big government isn't free. In order to pay for three rounds of stimulus, infrastructure spending, and now the "American Families Plan," taxes will have to go up.
But there's a problem with this tax and spend scheme. Taxes make an economy less competitive — especially when other countries have more favorable tax environments. Janet Yellen and the power brokers in DC have the solution to that problem -  a global minimum corporate tax.
As Ron Paul explains, global taxes are a blueprint for global economic stagnation.

Biden and Company have given us stimulus 3.0. They have unveiled an infrastructure spending plan. But that's not the end of the spending. Next in the lineup comes the "American Families Plan" — another $1.8 trillion or so of government spending. Peter Schiff talked about it in his podcast, calling it a giant new welfare package. He said ultimately, it's going to be another giant government boondoggle.

Gold eased to a one-week low on Wednesday, pressured by a jump in U.S. Treasury yields and a firmer dollar as investors awaited the Federal Reserve's policy decision. Spot gold was down 0.6% to $1,765.85 per ounce by 1106 GMT, after dipping to its lowest since April 20 at $1,762.50. Fed Chairman Jerome Powell is expected later on Wednesday to...

When the Federal Open Market Committee begins its two-day meeting on Tuesday, it ought to consider whether its policies aimed to bolster housing may be having negative side effects. With the market for new and existing homes red hot, the rationale for subsidizing the mortgage market has largely passed. Indeed, the Fed’s policies may be hurting home affordability as much as they’re helping.

That wasn’t exactly a soothing message for investors who are already jittery about inflation. 3M shares fell about 3%.

This year’s Social Security cost-of-living adjustment was 1.3%, yet many of the costs seniors face are rising much more quickly In 2021, the estimated average monthly benefit increased by $20 per month.

The 10-year Treasury yield briefly topped 1.65% on Wednesday morning, as investors geared up for the Federal Reserve's latest policy decision later in the day.

Lower mortgage rates are not prompting homeowners or potential homebuyers to contact their lenders, as other obstacles stand in their way.

...to unveil the second part of his "Build Back Better" plan, a $1.8 trillion proposal to expand the American "safety net" that will be financed by hefty tax increases on individuals and businesses, including a nearly 40% tax on short-term capital gains that spooked the market when it was first reported last week.

“The CDC is a science-based organization. They don’t want to make any guidelines unless they look at the data and the data backs it up.”

The minister told Times Radio that he will chair a meeting of Britain’s G-7 counterparts next week to discuss international co-ordination on the recognition of vaccine passports.

While we have witnessed a surge of new silver investment demand over the past year, it's nothing compared to the massive buying coming in the future.  We know that there is something BIG happening in the silver market when the top silver analysts "conveniently" omit the massive global silver ETF demand...

In a world dominated by paper currencies, we sometimes forget the role of gold and silver in fostering international trade and creating the basis of the monetary system as we know it today.