Precious metals news

Silver’s biggest monthly rally since 1979 has mainly been a story of strong demand. Investors are seeking shelter from pandemic turmoil and negative rates while industrial demand for the metal recovers in some parts of the world.

"Combined with a record level of debt accumulation by the US government, real concerns around the longevity of the US dollar as a reserve currency have started to emerge"

Gold’s surge to an all-time high is winning over a wider fan base of pension funds, insurance companies and private wealth specialists. Managers who run long-term portfolios worth trillions of dollars are taking interest in gold as they search for returns in a yield-starved investing landscape...

Much of Wall street and many international banks are betting on the price rally in gold to continue.

There have been many bad investment decisions over the last 20 years but none looks worse today than the $22 billion “lost” by the British government when it sold the lion’s share of its gold reserves between 1999 and 2002.

As the Fed and central banks continue to prop up the U.S. and global economy with money printing and liquidity, the fundamentals for gold and silver will only get better.

(Bloomberg) -- President Donald Trump said that Republicans and Democrats aren’t close to resolving their differences over a coronavirus stimulus package, and that Congress may need to pass some stopgap measures to prevent aid from running out.The final payments of supplemental unemployment insurance

In a fast-changing global pandemic, this was not the turn U.S. Federal Reserve officials hoped for in early June, when their forecasts showed guarded optimism for a sharpish early economic rebound and steady slow growth to follow.

The U.S. has seen more big companies go bankrupt through July 20 than in any full year since 2009, according to data compiled by Bloomberg.

“It is quite surprising and remarkable that, in the midst of a global pandemic, contract activity for home purchases is higher compared to one year ago,” 

The U.S. Mint cannot produce gold and silver bullion coins simultaneously...

For years, Peter Schiff has been warning about a dollar crash and the end of the greenback's role as the world's reserve currency. Suddenly, the mainstream is starting to see that possibility as well.
In a recent research note, Goldman Sachs warned that the dollar’s role as the world reserve currency is at risk.

Gold futures trade modestly higher, finding support after a pullback from a record high as investors await the outcome of a Federal Reserve policy meeting.

Gold has rallied above its previous all-time record high this week. But can it sustain this bull run? Peter Schiff thinks it can and will.
It's not about the coronavirus, as many mainstream analysts seem to think. It's the government and central bank response to the pandemic — the borrowing, the spending, and the money printing. Peter believes that ultimately the Fed's monetary policy is going to collapse the dollar and it will lose its reserve status. In this podcast, he talked about what this portends. He also explained why he doesn't think the Fed can kick the can down the road again.

Congress is rushing to pass at least $1 trillion more in coronavirus rescue spending, pushing this year’s federal deficit toward a historic $4 trillion and dividing Republicans over the government’s ability to spend its way out of the crisis.

The GOP released its plans for a two-step reduction in extra coronavirus unemployment benefits that may take a long time to implement and likely hurt lower-earning Americans the most.

Australia slipped into deflation in the three months through June, reflecting a combination of cheap oil and government intervention to pause some service charges in order to nurse households through the Covid-19 lockdown.

The European Central Bank (ECB) Governing Council member Yannis Stournaras said on Wednesday, the risks to the Euro area economic growth are tilted to the downside.

Fitch Ratings cut the outlook on Japan’s sovereign debt rating to negative from stable while keeping the rating unchanged, following a similar move last month by S&P Global Ratings.

Lawrence H. Summers, former U.S. Treasury Secretary and a Bloomberg Contributor, discusses the need for further U.S. stimulus and his concerns about the Federal Reserve’s intervention in specific markets.