Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Currently, central banks find themselves cornered, as the financial system is drowning in debt and addicted to ever easier money. Gold, however...
More often than not, mergers are done to benefit the company and not the investors. I believe the merger of ConocoPhillips and Concho Resources fits into this category. Interestingly, ConocoPhillips decided to go on with the merger even though its own domestic oil and gas sector is struggling...
There is no escaping this upcoming global economic disaster...
Gold is the perfect piggy bank – it's the anchor of trust for the financial system. If the system collapses, the gold stock can serve as a basis to build it up again.
Gold Prices End Higher as Investors Focus on Talks on Coronavirus ReliefOct 19, 2020 - 13:03:15 PDT
Gold prices on Monday end higher to start the week, with talk of a last-ditch effort to strike a deal by U.S. lawmakers on a fresh round of fiscal relief...
In other words, we are in a debt trap. Our political process can’t reduce spending and/or raise taxes enough to balance the budget, so the debt grows and grows. As it does, paying the interest plus the accumulated debt load pulls more capital away from more productive uses. This depresses economic growth, thereby generating even more spending and debt.
Europe Must Not Delay Cash to Crisis Hit Economies, Lagarde Tells Le MondeOct 19, 2020 - 12:57:04 PDT
Europe must distribute its 750 billion euro recovery fund for the pandemic-hit economy promptly and should debate creating a permanent fiscal tool for the bloc, European Central Bank President Christine Lagarde told a French newspaper.
Fed’s Bostic Says Significant Portions of U.S. Recovery Are Weak or NonexistentOct 19, 2020 - 12:55:12 PDT
t will be a while before the U.S. economy is fully recovered and before the Federal Reserve will raise interest rates or remove the support it is providing financial markets, Atlanta Federal Reserve Bank President Raphael Bostic said on Monday.
Dow Drops More Than 400 Points as Stimulus Uncertainty Grows and Coronavirus Cases RiseOct 19, 2020 - 12:35:36 PDT
Stocks fell to start the new week as hope for a potential deal on new U.S. coronavirus stimulus soured while Covid-19 cases are rising.
On Sept. 1, U.S. health officials announced they would suspend evictions across the United States to help stem further spread of the novel coronavirus.
Oct 19, 2020 - 12:18:20 PDT
The head of the International Monetary Fund on Sunday called for significant steps to address the increasingly unsustainable debt burdens of some countries, urging creditors and debtors to start restructuring processes sooner rather than later.
Not A Cold War, China Is Using A Digital Currency Insurgency To Unseat The US Dollar: ForbesOct 19, 2020 - 11:51:44 PDT
In recent years the Chinese government has made a concerted effort to internationalize the yuan and challenge the US dollar for monetary supremacy.
The subtitle of Stephanie Kelton’s book, The Deficit Myth, is “Modern Monetary Theory and the Birth of the People’s Economy”. The material in her book supports and encourage…
The One-Chart Summary Of All That Is Wrong With The US Financial System: Deposits Over LoansOct 19, 2020 - 11:44:10 PDT
So much for "loans create deposits."
American Has $90,460 in Debt, Here’s How Much Debt Americans Have at Every AgeOct 19, 2020 - 11:40:47 PDT
Gen X has the most debt, but millennials are catching up. CNBC Select reviews the average amount of total debt Americans have at every age so you can see how you compare.
An Emerging Markets "Doom Loop" Time Bomb Emerges, And Inflation Could Set It OffOct 19, 2020 - 11:39:09 PDT
"If you’re looking for future potential crises this is another sovereign-bank nexus similar to that grappled with in the Euro sovereign crisis."
"Fast forward ten or twenty years and everyone forgets that the invasive powers we transferred to the state were ever temporary in the first place. Higgs is the intellectual champion we don’t deserve, but so desperately need. Let's just hope that I am wrong, and that progress wins out in the...
Economists Still Don’t Expect Things To Get Back To Normal Until At Least 2022, Survey Says: ForbesOct 19, 2020 - 11:26:51 PDT
Some 30 economists say there is a two-thirds probability that the economy wouldn’t be back to normal until 2022 or later—that’s essentially unchanged from what they were expecting in May, according to the most recent survey results from earlier this month.
Goldman Sachs Says Democratic Sweep Would Unleash ‘Substantially’ More StimulusOct 19, 2020 - 11:19:47 PDT
The bank's chief economist, Jan Hatzius, wrote in a note that a large Democratic Senate majority could coordinate more Covid-19 relief, infrastructure spending and new minimum wage legislation.
Fiscal Stimulus May Not Be Enough to Boost Bank Stocks, Says J.P. MorganOct 19, 2020 - 10:36:32 PDT
Even if a stimulus package does arrive, bank stocks are facing significant headwinds, according to a J.P. Morgan analyst