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    Three Safe-Haven Reasons to Own Gold
May 20, 2019 - 06:41:32 PDT
Add it all up and now is as good a time as ever to buy physical bullion (coins and bars) as a safe haven.
Consumer confidence was much stronger than expected in the latest report that came out Friday. Consumer sentiment jumped to 102.4, well above the 97.5 that was forecast. This was a 15-year high in this University of Michigan index.
In his podcast Friday, Peter Schiff said he thinks the reason consumers are so optimistic is the constant positive rhetoric they are bombarded with. They are constantly told that the economy is booming. But in reality, they are falling for a big con-job.
China sold off the highest level of US Treasurys in nearly 2-1/2 years in March. Meanwhile, there are renewed fears the Chinese could implement its "nuclear options" and sell off even more US debt in retaliation for US trade war tariffs.
China sold $20.45 billion in Treasuries in March. That was the biggest US debt dump by China since October 2016.
    Why China Is the World's Largest Gold Consumer
May 20, 2019 - 05:14:15 PDT
China's appetite for gold continues as use in jewelry, electric cars and central bank reserves increases.
Financial firms, still facing probes into their conduct in the bond market and their anti-money laundering controls, face another $20 billion or more of sanctions in coming years
Shares of Deutsche Bank hit a record low Monday, down nearly 3%, after UBS downgraded the German lender's stock to a "sell" rating from "neutral."
For the past four years, the SNB used a deposit rate of minus 0.75% plus a pledge to use interventions to keep the haven franc in check.
Households in India may have piled up around 24,000-25,000 tonnes of gold, remaining the world’s largest holders of the precious metal
The weakness of London’s property market was further exposed on Monday, with reports of sellers under pressure and realtors warning of difficult conditions.
Trade tensions between the U.S. and China stalled a global recovery and are continuing to endanger investment and growth, the secretary general of the OECD warned Monday.
Declaring that too-low inflation was “one of the major challenges of our time,’’ Powell left open the possibility on Wednesday that the Fed’s next interest-rate move might be a cut after four increases last year.
    China's Battered Yuan Faces a $19 Billion Test
May 20, 2019 - 04:42:00 PDT
China’s yuan, already battered by the U.S. trade dispute, will soon have a catalyst for further depreciation.
The ongoing trade war could cost the average American family hundreds of dollars.
Skirting U.S. Treasury sanctions designed to freeze assets of the Nicolas Maduro’s administration, according to people with knowledge of the matter.
    Trump Warns Iran Not to Fight the US
May 20, 2019 - 04:20:23 PDT
'That will be the official end of Iran' . The U.S. has dispatched a carrier strike group and bomber task force to the region in recent weeks.
Missing more than one paycheck is a one-way ticket to financial hardship for nearly half of the country’s workforce.
What ‘s the new Fed regime, how does it work, and what does it imply for both US monetary policy and the precious metals? Here's all that and more...
As central bank buying of gold sees gains of 61% for the first months of 2019, what does this mean for the price of gold? Here's what...
Are the fundamental reasons for owning gold being short-circuited by the policies and possible success of ‘Making America Great Again'? Let's find out...
Jim says the deal has been struck, and it was coordinated by Mnuchin, but the date is still being set because the Chinese have been...