Precious metals are apparently waking up. And here is where you can find the best deals.
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COVID-19 job losses, early withdrawals may decimate retirement finances.
Gold scams fascinate me.I guess it's because I can't imagine getting suckered by these setups. I mean, who is going to buy gold in a gas station parking lot? Or believe that some dude from Africa they're in an internet relationship with is going to pay them to ship gold? It seems implausible people would buy these stories. But a lot of people do. They fall for these scams. As a result, the scammers keep scamming.
The world’s biggest hedge fund group has come out in favour of gold. John Stepek explains why you should own gold too, and what would happen to the price should it become a mainstream asset.
"De Dollarization Theme Is Intact": IMF Reserve Data Shows Continued Flight From Dollar, Into GoldOct 2, 2020 - 07:22:32 PDT
No currency stood out as having benefited from the process so far. Instead, many central banks had turned to Gold.
The September jobs report points to “a higher risk of recession,” as more Americans become long-term unemployed, according to S&P Global U.S. Chief Economist Beth Ann Bovino. She spoke with Yahoo Finance’s Alexis Christoforous and Brian Sozzi.
Argentina’s central bank will allow a faster depreciation of its tightly-controlled peso.The central bank will end a policy of “uniform devaluation” and allow greater volatility, according to a central bank statement sent after hours Thursday.
The Chinese yuan is drawing attention as a haven from volatility after its best quarter in 12 years.The onshore renminbi gained almost 4% in the three-month period ending Sept. 30, the most since early 2008,...
The European Central Bank should prepare to issue a digital euro to complement banknotes "if and when" it becomes necessary, ECB board member Fabio Panetta said on Friday. Major central banks around the world are studying digital versions of their currencies to address demand for electronic
Consumer prices in the 19-nation euro area fell more than economists forecast in September, keeping up pressure on the European Central Bank as it debates whether to add stimulus to support the recovery from the coronavirus recession. The inflation rate came in at -0.3%, slightly below...
This is a HUGE amount for gold standing...
Fed Still Faces Questions on How High, How Long It Will Let Inflation RiseOct 2, 2020 - 06:43:31 PDT
Fed officials have said the specifics behind its new approach to targeting 2% inflation will not be a concern for a while, with the central bank committing to keeping rates near-zero for at least the next few years.
The September labor market report comes out today, but it may not tell the whole story when it comes to jobs. On this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the long-term prospects for the labor market in the wake of coronavirus lockdowns. He also discusses recent price moves in gold and silver, and talks a little about future prospects for the dollar.
And there it is: heading into the US election, the all important US unemployment rate will be below 8%
Mapping Los Angeles' Homeless Encampment Challenge: Nearly 100,000 Cases Reported Since 2019Oct 2, 2020 - 05:35:11 PDT
Today, Los Angeles hosts an estimated homeless population of nearly 40,000 people. Affluent sections of the city have become dangerous with open-air drug use, human feces, medieval diseases, and, sadly, homeless encampments.
New York City and state both had their credit ratings lowered Thursday by Moody’s Investors Service, which said the impact from the coronavirus on the most populous U.S. city -- the core of the state’s economic engine -- is among the most severe in the nation.
Oct 2, 2020 - 05:11:07 PDT
Half of New York City’s bars and restaurants are in danger of permanently closing in the next six months as a result of financial fallout from the coronavirus, according to an audit released Thursday by state comptroller Thomas DiNapoli.
"There is no shortage of apartments for sale, but there is a shortage of buyers," said Jonathan Miller, CEO of Miller Samuel.
Number of Mortgages in Covid Bailout Program Jumps 21,000 After Declining for Six Straight WeeksOct 2, 2020 - 05:03:23 PDT
As of Tuesday, roughly 3.6 million homeowners remain in pandemic-related forbearance plans, according to Black Knight, a mortgage technology and analytics firm.
“As households have faced increasing financial constraints, they have dug further into their stimulus savings to pay for outlays,”