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The clock is ticking on the start of the employee payroll tax reduction that President Trump has issued via an executive order. Businesses and payroll providers are concerned it will be hard to put it into effect by Sept. 1.
The Federal Reserve has used only a fraction of the $600 billion in an emergency lending program for small and medium businesses struggling with the Covid pandemic, according to a congressional watchdog report.
More than three dozen former Federal Reserve officials are urging senators to reject President Trump’s nomination of Judy Shelton to the central bank’s board of governors.
    3 Truths That Will Define This 3-Part Economy: Mauldin
Aug 21, 2020 - 11:11:56 PDT
The economy recovery, when it comes—and it will—is going to be uneven.
The author of the best-selling book “Rich Dad, Poor Dad,” explained this week a “major banking crisis is coming fast.”
New analyses reveal that, while the American middle class is indeed shrinking, this trend has been caused less by “polarization” (i.e., Americans moving both up and down the economic ladder) and more by Americans simply getting richer.
    Big Tech, Monopoly and the Pretense of Capitalism
Aug 21, 2020 - 10:25:02 PDT
What do you call an economy of monopolies without competition or any regulatory restraints?
    Why "Price Stability" Policies Fail
Aug 21, 2020 - 10:19:52 PDT
One of the duties that a central bank is expected to fulfill is to keep the general level of prices in the economy stable.
More states are starting to apply, and be approved, for federal unemployment assistance. Here's a map of where states stand.
The Judy Shelton nomination is aiming to remove the Reserve and place the responsibilities back into the hands of the US Treasury, where it belongs!
Central bankers are now talking about “yield curve control”. What is it and how it could affect the gold market?
    Fed Coughs, World Blanches, Yuan Unfazed
Aug 21, 2020 - 08:33:09 PDT
A storm in the New York teapot demonstrates just how nervous markets are about the US' inability to cope with the Covid-19 pandemic and vastly extended equity valuations that discount a fast and lasting economic recovery
    America’s New Debt Bomb
Aug 21, 2020 - 08:28:39 PDT
Like in World War II, the United States is piling on debt to confront a whole-of-society crisis, raising the question of who will foot the bill in the long term. But, unlike the post-war era, the underlying conditions for robust economic recovery today are less than favorable
Yesterday was Ron Paul's 85th birthday and I thought it would be apropos to use this Fun on Friday space to pay him a little tribute.
In @ 14 Minutes: Is the bond market the key to stop the Fed’s frivolous money printing • Is this the beginning of the end for US dollar? • New all-time highs in the stock market despite the pandemic – what does this mean?
However, expectations regarding output over the coming year dipped slightly from July due to uncertainty stemming from the pandemic and the upcoming election....
After tapping the bond market at a record-shattering pace in recent months, Corporate America is more indebted today than ever before.
Another round of retail bankruptcies and liquidations could be coming if a second wave of infections run smack into the holiday shopping season.
The stock market has shaken off the initial shock from the coronavirus, but that is of little comfort to those without money to invest.
The debt of the United States now exceeds the size of its gross domestic product. That was considered a doomsday scenario that would wreck the economy. So far, that hasn’t happened.