Precious metals are apparently waking up. And here is where you can find the best deals.
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Confession: I am prone to lose things.I spend an inordinate amount of time looking for my glasses. I had to put a big lanyard on my keys to help me keep up with them. There's even a running joke with one of my best friends about the frequency of losing my car in the parking lot.But in all my years of losing stuff, I can't match some poor soul in Switzerland. Last October, somebody left a package of gold bars on a Swiss Federal Railways (SBB) train valued at about $190,000.
Gold futures on Friday were headed higher as the U.S. dollar slipped, helping to partly support bullion buying, even as stock benchmarks saw strong gains.
Goldman Hikes Gold Price Forecast on Debasement Fears and a Weaker DollarJun 19, 2020 - 07:26:06 PDT
Despite struggling for direction since its sharp gains at the height of the coronavirus crisis, Goldman Sachs analysts are backing gold to rally further on the back of debasement fears and a weakening dollar.
With precious metals getting more coverage in financial news, it’s only a matter of time until attention is drawn to the gold and silver mining stocks. Will they outperform the metals themselves? What are the pitfalls? How do you invest in these? All answered in today’s update.
Jerome Powell ventured to Capitol Hill - virtually - to talk to Congress this week. Powell did what he does best - blew a lot of smoke. Meanwhile, the central bank upped its stimulus ante yet again. In this episode of the Friday Gold Wrap podcast, host Mike Maharry talks about the impact the Fed is having on the economy, along with the news of the week in the gold market.
Major Factor to Invest in Silver: Five Billion Ounces of Mine Supply Economically Lost in Past DecadJun 19, 2020 - 05:51:34 PDT
Silver will likely turn out to be one heck of a better investment than gold due to the rarity of the metal and lack of available supply in the future. While gold has stolen the show recently, I’ll bet my bottom Silver Dollar that silver will outperform gold during the next financial-currency crisis.
Tom welcomes Brent Johnson of Santiago Capital back to the program to discuss his controversial “Dollar Milkshake Theory.”
To Stop a Coronavirus Quarantine Recession, Economists Say Send Everyone Cash NowJun 19, 2020 - 05:47:44 PDT
Whether you call it free money, an economic stimulus, or a mini universal basic income, it could be the best recession-fighting measure we have.
The Fed's one chart on Industrial Production and Capacity Utilization puts a big negative spotlight on the myth of the emerging V-shaped recovery thesis.
Britain’s debt load is now larger than the size of the economy, the first time that’s happened since 1963. Its debt issuance in the 2020-21 fiscal year is already set to dwarf the financial-crisis era record as the U.K. stares at one of the deepest recessions among advanced economies.
In a statement, the Central Bank of Russia said that disinflationary factors have been "more profound than expected due to a longer duration of restrictive measures in Russia and across the world."
Fed Ends QE, Total Assets Drop. Liquidity Injection Ends, Fed shifts to propping up consumptionJun 19, 2020 - 05:30:48 PDT
For the stock market, a new phase has started. It now has to figure out how to stand on its own swollen and inflated legs in the worst economy in a lifetime, with the worst corporate earnings reports coming its way, while stock prices are ludicrously inflated. So good luck.
St. Louis Fed President James Bullard on Thursday said the U.S. economy is not out of the woods despite some better-than-expected reports for retail sales and payrolls.
Another Round of $1,200 Stimulus Checks? A More Targeted Plan to Get Money to Those Who Need It MostJun 19, 2020 - 05:24:53 PDT
Millions of Americans put a second round of $1,200 stimulus checks on their wish lists. But Congress has yet to decide exactly what the next version of coronavirus stimulus legislation will look like.
Back in March, I predicted that the total U.S. economic response to the COVID-19 crisis would be at least $10 trillion.
Us Fed Chair Says Private Entities Should Not Help Design Central Bank Digital CurrenciesJun 19, 2020 - 05:20:27 PDT
Federal Reserve Chairman Jerome Powell said central banks should design and implement CBDCs, not private entities.
Experts foresee so many filings in the coming months that the courts could struggle to salvage the businesses that are worth saving.
“Some people say: ‘Domestic debt is not debt, but external debt is debt. For the United States, even external debt is not debt. This seems to have been the case for quite some time in the past, but can it really last for a long time in the future?”
Could taxpayers be footing part of the bill for your next vacation? President Donald Trump has endorsed an idea to give Americans a tax credit to be used toward a vacation to help boost the economy. It's called the "Explore America" tax credit.
Major central banks around the world have taken drastic steps, like slashing or maintaining record low interest rates, to shore up financial markets reeling from the coronavirus pandemic.