Precious metals are apparently waking up. And here is where you can find the best deals.
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Either way, neither gold’s utility as an inflation hedge nor as fiat currency insurance has actually been tarnished at all. It is only perceptions that have changed as a result of what appears, as yet, to be nothing more than a healthy correction in a bull market, perceptions that will shift yet again when gold finds its second wind.
Powell aimed his remarks specifically at digital currencies. And he made it clear that Bitcoin and other privately circulating crypto coins should not be allowed to supplant government-controlled fiat notes.
Russia is firmly in the crosshairs of U.S. policy and it's moves to evade the dollar trap of dependency are bearing real fruit.
Mar 24, 2021 - 12:42:39 PDT
Congress has authorized $6 trillion in deficit spending to defeat the coronavirus. That's more than the United States spent fighting World War II, when $4 trillion of government spending released the country from the clutches of the Great Depression.
Mar 24, 2021 - 12:34:29 PDT
Wake up, America. This movement must be stopped and, insofar as it has already succeeded, it must be reversed.
Russia and China Are Convinced That the U.S. Has Sunk into Irreversible DeclineMar 24, 2021 - 12:02:19 PDT
America’s Back—Against a Wall. Three problems stand athwart Biden’s plans for a rules-based international order.
Former White House Chief of Staff Mick Mulvaney characterized recent massive fiscal spending as ‘too much money chasing too few goods.’
If you think this scale of stimulus is sustainable and consequence-free, you must be mainlining Delusionol. According to the Fed's apologists and the political class, Spring is here and will last forever. This chart says The Winter of Our Discontent has yet to start, but the first signs are visible to those willing to look past the PR.
Money Isn't Neutral: Why Economic Stabilization Schemes Are CounterproductiveMar 24, 2021 - 11:24:50 PDT
To foster economic recovery, we do not need "stability." What we need is an environment of freely changing prices, even if price changes are frequent and substantial. Only this call allow markets to respond to consumer needs.
Global central banks should take a leap in fighting climate change, offering to use their core business of monetary policy to drive the financial sector’s green transition. That’s the conclusion of the Network for Greening the Financial System, a group of 89 central banks and supervisors that includes the U.S. Federal Reserve and the European Central Bank.
The increasing risk of a return of inflation in the US and Europe is beginning to galvanise debates among economists. One key source of inflation fears is the expectation that, once the Covid-19 pandemic has been overcome by vaccines, pent-up demand will explode in an orgy of consumption.
Can Draghi use the European recovery fund to avoid Italy’s past mistakes? We will see whether Draghi can find success where others have failed.
A slump in Tokyo share prices forced the Bank of Japan to buy $644 million in exchange-traded funds (ETF) on Wednesday, more than when it last stepped into the market, underscoring the challenge of dialling back its massive asset-buying programme. The move comes as BOJ Governor Haruhiko Kuroda, speaking in parliament, stressed the bank's readiness to keep buying ETFs as needed.
Employment Trends Show Zoomers, Gen Z was the Hardest Hit Group By CovidMar 24, 2021 - 10:26:11 PDT
In addition to Zoomer impacts, long term employment trends in many age groups are disturbing.
When can Social Security recipients expect the third stimulus check? The IRS says more payments are on the way but no date has been announced for SSI.
Carbon Tax Sidelined Over Inequities in Biden’s Push on Climate, Taxes: WSJMar 24, 2021 - 08:58:13 PDT
President Biden and some Democrats fret over inequities from pricing carbon, despite lack of evidence.
The demand for gold from central banks has grown significantly. In this video, the first in a series on gold as a reserve asset, we explore central bank investment behaviours over the last 10 years. Learn more...
$70 Trillion of Paper Gold Is Traded Each Year, despite Only $213 Billion in Annual Mine ProductionMar 24, 2021 - 08:02:36 PDT
In sum, the math, and hence the pricing of paper gold, makes no sense!
$70 Trillion of Paper Gold Is Traded Each Year, despite Only $213 Billion in Annual Mine ProductionMar 24, 2021 - 08:02:36 PDT
In sum, the math, and hence the pricing of paper gold, makes no sense!
Gold Won’t Stay This Cheap: Jim Rickards