Precious metals are apparently waking up. And here is where you can find the best deals.
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One of the main drivers of gold prices recently has been the plunge in long-term interest rates.
Economist Lakshman Achuthan warns that consumer spending isn't as strong as Wall Street thinks.
$100 in 1913 would only be worth about $3.87 today. It’s no secret that $1 now will get you less than it would 100 years ago, but just how much has the purchasing power of the U.S. Dollar decreased over the years?
Any domino-like expanding crisis will unfold in a status quo lacking any coherent response.
...in an inherent devaluation of the local currency, .... hard assets that have historic value-relevance, such as gold.
The retail price of physical gold in Japan climbed to its highest in nearly 40 years on Thursday (Sep 5), a surge accentuated by global hunt for the safe-haven
Investors are increasingly signaling they don’t buy the inflation-boosting policies central banks are selling, with some even fretting stimulus may do more harm than good.Falling expectations
The BLS employment data makes a very simple statistic into an enigma wrapped in a question mark. Being the simpleton I am, I'd prefer to see only two variables...
“US businesses reported one of the toughest months since the global financial crisis in August, with growth of output, order books and hiring all slowing amid steep falls in both export and business confidence.
Greenspan: Rising Gold Price Shows Investors Want Hard Assets That Will Increase in ValueSeptember 5, 2019
During a CNBC interview, former Federal Reserve Chairman Alan Greenspan said gold prices are surging because investors are looking for hard assets that they know will have value in 20 or 30 years.
Gold-backed ETFs added another 122 tons of gold globally in August and total holdings are nearing all-time highs.Total told ETF gold holdings have reached 2, 733 tons. That's just 52 tons away from the all-time high reached in 2012 when the price of gold was 9% higher, according to the most recent data released by the World Gold Council.
Amid an escalating trade war, both Beijing and Moscow have diversified away from US dollar holdings to reduce Washington’s economic leverage and minimise future exposure to tariffs and sanctions. For them, and others, gold remains a safe haven asset.
Chris Vermeulen: Rising US Dollar Mutes Metals Moves, Puts Pressures On Global MarketsSeptember 5, 2019
The stronger US dollar is muting the price acceleration in gold & silver. Chris explains...
The European Central Bank will probably open the monetary spigots again at its policy meeting next week. But unless the governing council reaches outside of its usual toolkit, further monetary easing is unlikely to make a real difference.
During a CNBC interview, former Federal Reserve Chairman Alan Greenspan said gold prices are surging because investors are looking for hard assets that they know will have value in 20 or 30 years.
“Especially if exacerbated by additional downside shocks, the downturn could become nonlinear and morph into a fully-fledged global recession.”
Weaker demand from abroad drove a bigger-than-expected drop in German industrial orders in July, suggesting that struggling manufacturers could tip Europe’s biggest economy into a recession in the third quarter.
Chinese authorities will maintain their tight grip on the yuan and allow it to weaken further against the dollar to fight an ongoing trade war with Washington and a slowing domestic economy...
The consumer literally carried the U.S. economy in the second quarter of 2019. While business and residential investment, net exports and inventories all declined
Retailers push store cards with deep discounts, but low-credit-score shoppers fail to pay balances.