Precious metals news

One of the worst performing pension funds in the world last year was yours. All that money you’ve poured into the Social Security trust fund over the years earned less than 1% during 2020, the funds’ administrators have revealed. The returns earned by Social Security is the scandal that keeps on taking.

Jim Rickards’ chief investment strategist, Dan Amoss, shows you why silver could actually outperform gold in the months and years to come.

The United States is now running its biggest budget deficits since World War II: 14.9 percent of GNP last year, and 10.3 percent this year. Total debt easily exceeds 100 percent of GDP. It’s natural to wonder whether this can go on forever. In her 2020 book “The Deficit Myth,” economist Stephanie Kelton has a surprising answer: not really.

The lowest-income Americans would see an after-tax income boost of about 20% from the Biden coronavirus relief plan, an analysis found.

President Biden aims to sign the $1.9 trillion rescue package before Sunday, when unemployment aid programs expire.

The recent sell-off left the bull market on shaky ground. With the passage of the stimulus bill will bulls regain control of the narrative?

A world-beating rally in Chinese stocks has turned into the biggest rout globally, shocking investors with the severity of its reversal and evading state efforts to slow the pace of losses. In just 14 trading days, the nation’s benchmark CSI 300 Index has plummeted 14% from a 13-year high.

The Democrats' COVID bill showers billions of unneeded dollars on state and local governments.

The lobbying has put the Fed at the center of a political firestorm, one of its first tests in the Biden era of seeking to support a fragile economy while fending off attacks from Democrat lawmakers who oppose any backpedaling on regulations adopted after the 2008 financial crisis.

President Joe Biden’s soon-to-be-unveiled longer-term economic stimulus package is set for far tougher obstacles in Congress than the pandemic-relief bill that’s on the verge of squeaking through without a single Republican’s backing.The “build back better” program that the White House says will be announced after Biden signs the $1.9 trillion aid bill will be far more expansive than its predecessor. The House received the relief bill from the Senate Tuesday, with a vote slated for later in the day, according to a Democratic aide.Spanning measures to address infrastructure, climate, health care, inequality and much more, and costing trillions of dollars over a decade, the initiative is far more complex. And Republican opposition to tax hikes will make it all the harder to fund the initiative.Biden has the same three options as for his first package: go without the GOP on a bill that’s as expansive as moderate Democrats and Senate rules will allow, dramatically scale back ambitions to lure at least 10 Sena...

In a display of unconvincing enthusiasm, NBC reported today that payroll employment “surged” in February. Specifically, total nonfarm payrolls (seasonally adjusted) grew 379,000 month over month, which was above the expected increase of 210,000.

“Is the discontinuation of the US Government Deposits series the first step by the Federal Reserve in gearing up to implement helicopter money in the expectation that Congress will emend the Federal Reserve Act, which prohibits the Fed from lending money directly to the US Treasury?”

The CBO projects that deficits are on track to remain high throughout the decade, and that debt is expected to continue rising, surpassing its World War II record within 10 years.

The relief bill is done; infrastructure may be harder.

According to the Congressional Budget Office (CBO), 2021 will be the second year in a row in which the federal debt exceeds Gross Domestic Product...

Futures for gold rise sharply and regain trade above $1,700, supported by a retreat in the dollar and a pullback in yields for government debt from one-year...

Imports into the US of gold, silver and other precious metals surged last year.
The value of precious metals pouring into the US hit a 19-year high in 2020 and doubled the volume of 2019, according to an analysis of census trade data by USA TODAY.

These powerful dynamics of physical supply and demand will ultimately exert pressure on prices – perhaps putting a real “squeeze” on paper silver short sellers.

Along with “what is the S&P 500?”, that’s one of the mostly visited academic pages on the dealer’s web site, based on a new paper by lecturers at Oklahoma State and Emory universities. But what Robinhood’s military of untrained traders lacks in market data, it greater than makes up for in enthusiasm and impression.

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/a159a3d8-ae45-483c-84b8-e60d5121af89 The Federal Reserve is ending the bulk of the remaining emergency facilities it rolled out last year to support financial markets through the coronavirus crisis, in the latest sign that the economic recovery is gathering momentum.