Precious metals are apparently waking up. And here is where you can find the best deals.
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Precious metals news
Nov 11, 2020 - 12:58:50 PST
The coin, which measures 19 millimeters in diameter, (the size of a Lincoln cent) was minted in York and is one of only 20 surviving examples with this design.
With a year-to-date return of close to 30% up to the beginning of September, including a short spike beyond the USD 2,000-mark for the first time in history, gold has performed exceptionally well in 2020. And, as we will argue below, gold has not reached the end of the rope. In fact, the 2020s are set to become a golden decade.
Claudio Grass (CG): Throughout this ordeal, politicians in all major economies seem to be competing on who will spend the most and who will provide the greatest fiscal stimulus. Yet nobody’s talking about how they’ll pay for it.
“While I do not believe the dollar has serious peer competitors, at this point given your commitment to expansionary policy it would be unwise to appear actively devaluationist or indifferent to the dollar,” he said Tuesday during a web cast hosted by the Peterson Institute for International Economics.
With the potential to bring electricity to as many as 940 million of the world’s poorest Solar power is quickly becoming one of the most important technologies on the planet
Coronavirus lockdown measures in Europe and weakening consumption in the Americas will result in global oil demand taking a larger hit in 2020 than previously expected, the Organization of the Petroleum Exporting Countries said.
World’s Top Central Bankers Have Warned the Global Economy Will Still Need Support This Year & NextNov 11, 2020 - 11:04:52 PST
Some of the world’s top central bankers have warned the global economy will still need support this year and next to weather the coronavirus crisis even if a successful vaccine is found.
Typical Person Yanked $12,000 From 401(k) During Coronavirus Pandemic: VanguardNov 11, 2020 - 10:52:02 PST
The typical 401(k) saver making a withdrawal due to the coronavirus pandemic pulled out $12,000. That's a slight increase from earlier in the crisis.
When will the stock market bubble burst? I don't know, nor does anyone else. But I suspect the junk bond market is likely to go first.
The total debt burden for Americans over age 70 increased 543% from 1999 through 2019, to $1.1 trillion, according to the Federal Reserve Bank of New York. For those in their 60s, debt grew 471% to $2.14 trillion.
Big City Exodus: Rents of Single Family Houses Rise Across the US, Even as Apartment Rents DropNov 11, 2020 - 10:18:32 PST
Californians applying to lease single-family houses in Arizona, Nevada & Texas doubled from year ago; migration from New York & New Jersey to Florida similar: American Homes 4 Rent.
"Remote workers are contributing less to the infrastructure of the economy whilst still receiving its benefits."
Pfizer CEO Sold $5.6 Million of Stock as Company Announced Vaccine Data That Sent Shares SoaringNov 11, 2020 - 10:14:29 PST
Bourla is not the first pharmaceutical or biotech executive to cash in on his company's stock gains during the pandemic.
The SEC Form 4 filing showed Bourla sold 132,508 shares at an average price of $41.94 per share, equivalent to $5.6 million - nearly top-ticking the 52-week-high
The shock to the economy from COVID-19 has been roughly of the same magnitude as the Great Financial Crisis (GFC) of 2008. However, while the GFC was a shock to credit, the pandemic has been a shock to income, for both individuals and businesses.
The U.S. dollar rose and the safe-haven yen weakened again on Wednesday as the markets continued to adjust to higher interest rates and prospects for economic growth following news on Monday of encouraging results for a coronavirus vaccine.
One after another, some of the most embattled names in corporate America are racing to raise easy money while they can.
For years, hedge funds have blamed placid markets for their uninspiring returns. That excuse won’t fly this year.
Richest New Yorkers Will Devastate City If They Leave With $133 Billion: BloombergNov 11, 2020 - 07:15:58 PST
An elite group of 38,700 people paid 42.5% of the city’s income tax collections, and the top 5% of residents earned more than the bottom 95%.
The coronavirus crisis, Brexit, climate change and the end of the Donald Trump-era will disrupt markets and challenge investors and policy makers heading into 2021.