Precious metals are apparently waking up. And here is where you can find the best deals.
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Coined the “first city of capitalism” Potosi was home to the world’s richest silver deposit. Over a 200-year period, 1.4 billion ounces of silver was mined from the region.
Gold prices notched a slight gain Thursday as investors focused on intensifying friction between the U.S. and China. Continued concerns about negative interest rates and a jump in flows in exchange-traded funds focused on gold also helped to push bullion higher.
May 28, 2020 - 12:52:38 PDT
The student loan crisis is not new but it is being magnified by the current crisis. Many smaller colleges are not going to survive this. Why? Many rely simply on the on-campus experience and with that being taken away, you have many online alternatives with bigger name brand schools so small liberal art schools are bracing for a tough fall.
NY Fed Williams Says U.S. Is Not ‘Anywhere Near’ Its Limits to Run Up DebtMay 28, 2020 - 12:44:04 PDT
Even with the federal IOU at $25.6 trillion and counting, the central bank official said there's still plenty of room to spend more.
They've had the worst economic luck in U.S. history. many Millennials will never recover.
The Extra $600 in Weekly Unemployment Benefits Runs Out at the End of JulyMay 28, 2020 - 10:47:35 PDT
While the extra $600 per week in unemployment benefits will cease July 31, some other coronavirus-related unemployment provisions will remain in place through the end of the year.
The bill lets small businesses getting coronavirus aid loans use a smaller share of the money on pay and extends the time they have to use it.
Freddie Mac reported that the Single-Family serious delinquency rate in April was 0.64%, up from 0.60% in March. Freddie's rate is down from 0.65% in April 2019.
The lawsuits over the ownership of Venezuelan gold are starting to stack up.
How Goldman Sachs Unintentionally Sparked a War With Cryptocurrency EvangelistsMay 28, 2020 - 10:31:50 PDT
"Cryptocurrencies including bitcoin are not an asset class," Goldman Sachs declared in a slide deck released ahead of an investor call on Wednesday.
During the summer of 1215 in a riverfront meadow near London, some of England’s top barons gathered to confront King John and force him to sign a contract guaranteeing their rights and freedoms.
China’s offshore yuan tested the weakest level on record on speculation the government would be willing to permit a weaker currency in response to fresh punitive measures from the U.S.The offshore rate dropped as much as 0.7% to 7.1965 per dollar on Wednesday, the lowest since Sept. 3...
May 28, 2020 - 10:09:25 PDT
M2 Velocity is the measurement of capital circulating within the economy. The faster capital
circulates within the economy, the more that capital is being deployed within the economy to create output and opportunities for economic growth. When M2 Velocity contracts, capital is being...
“They consider themselves a lender of last resort. They’re now the lender of all resorts.”
Gold & Silver Rally Must Be Close: Bloomberg's Anti-Gold Propaganda Kicks Into High GearMay 28, 2020
A glut of metal, a seller's market, stuck buyers and more? Oh yeah. This one's got it all...
Leaders of the biggest financial companies are getting more optimistic about an economic rebound as the pandemic lockdown eases, but say recent stock gains might have overshot reality.“The market is assuming that we’re not going to see a severe second wave or third wave” of Covid-19, and...
Four central banks experimented with negative interest rates as a monetary policy. We look at the impact on growth, currencies, inflation, and credit flow.
Should the U.S. Federal Reserve opt to take its benchmark funds rate into negative territory, it will need to "go deeply negative" with a cut of between 50-100 basis points below zero, according to Standard Chartered Bank.
Endeavour Silver Corp. announces that it has restarted mining operations at its three high-grade, underground silver-gold mines in Mexico.
Some bullion banks are no longer willing to hold large positions on Comex, the biggest gold futures market, after the coronavirus snarled the supply of gold bars, sending Comex prices vaulting above London rates in March.