Precious metals are apparently waking up. And here is where you can find the best deals.
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The debt picture for the United States is exceedingly grim...
STUNNING AMOUNT OF PRECIOUS METALS ETF DEMAND: Although... Silver Is The Clear WinnerOctober 9, 2020
For the first time in history, both Global Silver and Gold ETF demand reached new record highs in the first nine months of 2020. Not only that, investor demand pulled more metal into the global silver and gold ETFs like never seen before. What took years to build the silver...
Inflation is defined as, “A general increase in prices and fall in the purchasing value of currency.”
Gold Settles Higher on Renewed Prospects for Another Round of U.S. StimulusOct 8, 2020 - 13:04:14 PDT
Gold settles higher as optimism rises over prospects for some sort of additional fiscal stimulus out of Washington.
DOJ says "For cryptocurrency to realize its truly transformative potential, it is imperative that these [illegality] risks be addressed." Regulation and guidance continue to come in hot from the land of the free.
Coronavirus Relief Effort Stalled Because Only the Poor Are Hurting: Former Fed EconomistOct 8, 2020 - 12:30:36 PDT
Employment in the lowest earning sector remains 25% below its February level while employment in the highest wage category has fully returned to its pre-crisis level
Former Fed Chair Ben Bernanke chimes in today with more of his typical silliness.
There is a “housing shortage” and an “inventory shortage” until there suddenly isn’t.
Demand for housing has been unusually strong, due to the coronavirus pandemic, and supply is historically lean. That is a recipe for high prices, which are now beginning to take their toll on potential homebuyers' confidence.
What central banks once sneered at, they’re now scrambling to master. Back when Bitcoin, the world’s first cryptocurrency, was seen as the province of anarchists and drug dealers, it was easy for the world’s central bankers to keep their distance.
The U.S. Unemployment System Was Already Broken. Then the Coronavirus Pandemic HitOct 8, 2020 - 11:52:33 PDT
Issues with unemployment insurance systems abounded before coronavirus. But the pandemic has shone a spotlight on weaknesses in the systems that have become impossible to overlook.
Years of Low Interest Rates Made the Current Economic Crisis Worse, Fed’s Rosengren SaysOct 8, 2020 - 11:11:51 PDT
The central bank official said he expects defaults and bankruptcies to hit that will make the unemployment problem worse.
Oct 8, 2020 - 10:55:06 PDT
The problem is the Treasury Inflation Protected Securities (TIPS) are pricing in little inflation. A negative TIPS yield means your return will be less than the change in consumer prices.
The Fiscal Federal Reserve, Powell Signs Up to Monetize Trillions of Dollars in More Spending: WSJOct 8, 2020 - 10:28:59 PDT
Powell signs up to monetize trillions of dollars in more spending.... But what if the Fed itself decides to compromise its independence by snatching an ever-greater role in fiscal policy that is usually reserved for elected officials?
Bank of Canada Governor Says Pandemic Related Stimulus Will Add to Vulnerabilities : WSJOct 8, 2020 - 10:26:28 PDT
The extraordinary fiscal and monetary stimulus introduced to support the Canadian economy during the coronavirus pandemic will make it more vulnerable to future shocks, Bank of Canada Governor Tiff Macklem said in a speech Thursday.
The number of people who have joined the ranks of long-term unemployment has spiked to a record high in a worrying sign of the economic recovery’s health.
Pelosi Says There Will Be No Stand-Alone Aid for Airlines Without Bigger Stimulus BillOct 8, 2020 - 09:56:29 PDT
Pelosi's comments come two days after President Donald Trump abruptly called off talks for a national coronavirus package, but urged additional aid for the ailing airline sector.
“This is the ‘whips and chains’ that can be imposed if we go to a purely government-backed digital currency”. Join Mike Maloney as he connects the dots on some alarming evidence, showing that a digital dollar is not only coming - it is comer much sooner than you think. Thank you as always for sharing this most important update from Mike.
Gold ETFs Recorded Their Tenth Consecutive Month of Net Inflows During SeptemberOct 8, 2020 - 09:19:11 PDT
Holdings increased by 68.1t (US$4.6bn) or 2.0% AUM. Explore our latest data and commentary.
Of course that's not true. Central banks often accumulate gold for a long time before reporting it, if they report it at all.