Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
U.S. Treasury Secretary Janet Yellen on Thursday warned of the risk of a permanent divergence in the global economy in the wake of the COVID-19 crisis, and urged major economies to inject significant new fiscal support to secure a robust recovery.
"We think there will be upward pressure on prices which may be passed along to consumers in the form of price increases - we think that that will be temporary," Powell said at an International Monetary Fund event, noting that inflation has been low for 25 years, feeding into a psychology of low inflation expectations.
Sales for NFTs linked to art dropped from $16.7m to $12.5m—but experts say it's not a permanent dip
The measure raises taxes on the wealthiest New Yorkers and corporations to generate more than $4 billion in revenue. It also legalizes mobile sports betting, adding another $99 million in revenue for this fiscal year and up to $500 million annually going forward, according to lawmakers.
More Than Half of Older Millennials With Student Debt Say Their Loans Weren’t Worth ItApr 8, 2021 - 10:50:51 PDT
Even as the oldest millennials turn 40 this year and approach middle age, student debt continues to follow them.
How Housing Advocates and Eviction Bans Have Kept Tens of Millions HousedApr 8, 2021 - 10:27:35 PDT
Congress has allocated more than $87 billion in housing and homelessness assistance since the start of the pandemic. Still, America's housing crisis persists.
Biden: Gun Violence in U.S. Is an Epidemic, Unveils Executive Actions Calls National Red Flag LawApr 8, 2021 - 10:24:40 PDT
The actions include directing the DOJ to craft a rule addressing the spread of untraceable "ghost guns" and publish model red-flag legislation for states.
Watch Fed Chair Jerome Powell Debate the Global Economy With the IMF Live: 12:PM ETApr 8, 2021 - 09:04:13 PDT
Federal Reserve Chairman Jerome Powell is participating in a virtual debate on the global economy presented by the International Monetary Fund.
Federal Reserve Chairman Jerome Powell stands ready to pull some of the central bank’s policy levers in between regularly scheduled meetings, if that’s what it takes to keep short-term interest rates under control.
George Milling-Stanley, chief gold strategist at State Street Global Advisors, said gold offers two benefits over the long term: protection against risk and volatility, and as asset appreciation.
The global food-price rally that’s stoking inflation worries and hitting consumers around the world shows little sign of slowing. Even with grain prices taking a breather on good crop prospects, a United Nations gauge of global food costs rose for a 10th month in March to the highest since 2014. Last month’s advance was driven by a surge in vegetable...
U. S. property taxes increased at the fastest pace for four years in 2020, with some of the steepest increases coming in traditionally low-cost Sun Belt states, according to figures from ATTOM Data Solutions.
Here’s a jaw dropping statistic for you… If the Biden Administration’s Infrastructure Program is signed into law, the U.S. will have spent nearly $10 TRILLION in a single year. Yes, Trillion with a “T” This is: 1) Equal to the … Continue reading →
Despite a significant selloff by Turkey, central banks globally added a net 8.8 tons of gold to their reserves in February, according to the latest data compiled by the World Gold Council.Gold-buying by central banks slowed last year from the record pace we saw in 2018 and 2019, and that trend has continued into 2021, but many countries continue to load up on the yellow metal. Turkey and Russia's sales through the first two months of the year have pushed net central bank reserves down, even while several countries continue to boost their gold holdings.
As the Fed mentioned, they see the economy strong at the beginning of 2022, but that is at a cost of rising inflation rate, which can go out of hand and that is the time when we will see some solid gains in gold.”
“The result is that investors should be prepared for the biggest inflation scare in America on the reopening of the economy since the early 1980s when former Fed Chairman Paul Volcker crushed double digit inflation in the late 1970s by imposing high real interest rates on the American economy,” Wood said.
Over 18 Million Americans Are Still On Government Jobless Benefits, Despite Broad 'Reopenings'Apr 8, 2021 - 05:43:25 PDT
For all intent and purpose, the labor market situation in America has gone nowhere in 4 months. We're gonna need another few trillion...
According to the mainstream narrative, the US economy is quickly recovering from the downturn caused by lockdowns in response to COVID-19. And while the downturn was sharp and painful, it really didn't cause any long-term economic damage. Good times are ahead! After all, just look at the booming GDP numbers.And therein lies a problem. The GDP doesn't really give us a good picture of what's going on in the economy. In fact, the way the number is calculated actually hides economic damage.
The ECB noted that higher real rates were not necessarily a cause for concern and should not trigger a policy intervention if they reflected higher growth prospects rather than higher real term premia.
Treasury: Biden Plan Would Grab $2 Trillion in Corporate Profits From OverseasApr 8, 2021 - 05:37:46 PDT
President Joe Biden said Wednesday that he is willing to negotiate on the proposed corporate tax rate hike in his $2 trillion infrastructure plan.