Precious metals are apparently waking up. And here is where you can find the best deals.
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With the U.S. considering downsizing the economic relationship with China, CEOs should consider current tensions only the beginning of a long-term process.
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The Japanese economy shrank less than the U.S. and European economies did in the April-June quarter, but it fared worse than Asian counterparts.
Gold miners are riding high as the metal trades at record prices, but digging it out of the ground is getting harder.
Precious metals expert and financial writer David Morgan points out that inflation is much more extreme than most people realize.
With gold pushing through $2000 per ounce and the correction this week, begs the question about the COMEX's viability
National Debt To Surpass $78 Trillion By 2028: What It Means For Americans: ForbesAug 17, 2020 - 07:00:32 PDT
The coronavirus pandemic pushed the government into the proverbial corner, prompting it to borrow heavily from the future to ward off a serious threat today. Without this intervention, the U.S. economy would be in a much worse recession or possibly even a depression.
As the political and central banking establishment in Washington continues to bail out the economy and markets by creating trillions of unbacked pieces of paper and electronic digits, a handful of Congressmen hope to shine a new spotlight on the devastating effects of this runaway financial profligacy.
Did Warren Buffett Just Bet Against the U.S. Economy? His Latest Investment Raises Some QuestionsAug 17, 2020 - 06:36:09 PDT
Warren Buffett has long been critical of gold as an investment, saying it “has no utility” and that the “magical metal” is no match for “American mettle.” He...
Last week was a tough one for gold and silver investors. Both metals saw significant corrections. This led some people to declare the gold bull market dead. But historically, big corrections have been a normal feature of gold bull runs.
Warren Buffet has bought into gold.Gold mining to be specific. Peter Shiff talked about what Buffett is telling us in his podcast.According to the latest 13F filing by Berkshire Hathaway, the company now has positions in Barrick Gold to the tune of over $500 million. This was as of the end of June. Peter said he suspects Berkshire Hathaway has a lot more shares now.
Gold rose on Monday, consolidating near the $1,950 mark after plunging 4.5% last week, buoyed by a weaker dollar as investors await the fine print on the U.S. Federal Reserve's strategy to stem the economic toll of the coronavirus.
California Set To Pass The Nation's First Wealth Tax Targeting The Ultra RichAug 17, 2020 - 05:01:32 PDT
"Any tax that is actually effective at taxing wealth, however, would be equally effective at driving wealth out of state."
Turkey Hit By Bank Runs, Locals Sell Their Cars And Houses To Buy Gold While Lira ImplodesAug 17, 2020 - 04:58:41 PDT
"I think it is the best investment right now so I converted my dollars to buy gold."
The ECB balance sheet has risen to 53.9% of GDP in July 2020. This compares to a 32% of the Federal Reserve and 33% of the Bank of England. T
China Central Bank Injects 700 Billion Yuan of MLF Loans, Rates Steady for Fourth MonthAug 17, 2020 - 04:51:36 PDT
China's central bank on Monday rolled over maturing medium-term loans while keeping borrowing costs unchanged for the fourth straight month.
The new test regions include some of the country's most developed financial hubs like Hong Kong and Shanghai.
They are urging their institutions to increase its usage, in the face of the threat of being, if not expelled from the dollar settlement system, then constrained in their access to it if the US decides to exercise its nuclear option and force a wider decoupling of the two financial systems.
China’s top banking watchdog cautioned that U.S. dollar dominance combined with the massive stimulus unleashed by the Federal Reserve could push the world to the edge of another financial crisis.
A cascade of job losses loom for aviation amid the coronavirus pandemic as manufacturers work through cuts and airline aid is set to expire.