Precious metals news

Global cases: More than 3 million. Global deaths: More than 210,800. Most cases reported: United States (987,022), Spain (229,422), Italy (199,414), France (165,962), and Germany (158,434).

By commission, omission or ignorance, our media is failing us - it's not probing as critically as it should to ensure the information it brings us is valid.

Retail investors can’t seem to get enough of gold during the coronavirus crisis, and they are willing to pay staggering amounts to get their hands on it.

The economic contraction wrought by efforts to contain the coronavirus is shredding inflation. Now deflation, a prolonged period of falling prices, is stalking the globe. The collapsing oil market is both a symptom of weaker demand and cause for a deepening slump.

CMBS get to eat it all: Amid overvalued vacant collateral, there is a new thingy: Tenants delaying rent payments and landlords asking for forbearance.

The way zeros work when money is being destroyed by governments is the same way mold spores work on wet drywall. They multiply. They make an unwanted appearance at the back of all prices.

New lending is also slowing as dealerships across the U.S. are forced to shutter their lots, the company said.

A US default would be economic suicide, collapse the US dollar, collapse the stock market and throw the entire global currency system into chaos...... But it would do wonders for gold.

History shows that national shocks—such as the Depression, World War II and the financial crisis—have a way of expanding the role of government in lasting ways. This one is looking like no exception.

Jeffrey Gundlach, CEO of DoubleLine, said Monday that the stock market could sell off again to retest the low in March as he believes investors are too optimistic about the economic recovery from the coronavirus pandemic.

There is one chart that shows with alarming clarity where the global economy is headed, and it is not a pretty sight. Join Mike Maloney as presents this data, along with updates for precious metals, real estate, and the next world monetary system.

The unintended consequences and moral hazard of insufficient and misdirected policies.

In response, two Washington think tanks put together an all-star commission to study how to safeguard the government in a crisis. It duly published its reports, and then … nothing. The government remains as vulnerable now as it was in 2001.

Why should the people and taxpayers of America be bailing out poorly run states (like Illinois, as example) and cities, in all cases Democrat run and managed, when most of the other states are not looking for bailout help?

"The economy has entered a downturn of unprecedented speed and severity, with most advanced economies facing their weakest performance since the Great Depression." 

Loans to small businesses through a federal program haven’t flowed to areas hardest hit by the coronavirus pandemic, according to a new analysis by economists.About 15% of companies in the regions with the biggest declines in hours worked and most business shutdowns received funds...

Lower earners are going to feel the biggest hit from the economic shutdown, according to Federal Reserve research.

The Small Business Administration on Monday began to allow lenders to process $310 billion in funds for the second round of its program that aims to help small businesses, hurt by the novel coronavirus disruption, to cover their payroll costs.

House Speaker Nancy Pelosi suggested a government-gaurenteed income as a solution to some economic woes brought on by the coronavirus pandemic. Pelosi called the trillions of dollars in coronavirus relief spending Congress has agreed to is "stimulus." The Speaker said unemployment insurance and food stamps are examples of "stimulus" provided by federal spending. "Others have suggested a minimum income for -- guaranteed income for people. Is that worthy of attention now? Perhaps so," Pelosi said Monday. STEPHANIE RUHLE, MSNBC: But we know that the needs are massive in terms of economically. From a health perspective, we're preparing people to live without a vaccine for a year, but from an economic perspective, look at PPP. Even with all this money, we're only creating solutions for two months. Two months from now, when the majority of these businesses don't open back up, then what? SPEAKER OF THE HOUSE NANCY PELOSI: Well, I think we should extend the time. I think what you suggest makes all the sense in th...

House Speaker Nancy Pelosi said Congress may need to consider a guaranteed minimum income to help people meet their basic needs during the coronavirus pandemic.