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Simon goes over the 437th reason to own gold - negative interest rates, which the Fed is now publicly praising and actively considering...
As we pointed out in an article last week, the US federal government has added $1.5 trillion to the national debt over the last 12 months. As a result, the US Treasury Department is flooding the market with bonds. Meanwhile, the biggest buyers of US debt - China, Japan and the Federal Reserve - are shrinking their Treasury holdings. For the past several months, we've been saying this is a big problem for the US government that most people are overlooking. And we aren't the only ones sounding warning bells.
"The worrisome part about this is that...This would mean that those shorts and the price of Silver would have some way to fall."
To Put It Mildly: Bank of England Says World Finances in "Delicate Equilibrium"Feb 12, 2019 - 05:27:03 PST
File under "S**t, No, Sherlock". Leave it to the Bank of England to use big words, say nothing important, and bite their nails while doing nothing to fix the problem.
Gold is on a nice little bull run. The yellow metal is up almost 3% since the first of the year and nearly 13% since touching one-and-a-half year lows last summer. But as a recent article in Barron's pointed out, the relative strength of the dollar has disguised an even more substantive bull market for gold.Sharps Pixley CEO Ross Norman told Barron's that gold has seen a widespread, strong and sustained value appreciation around the globe against 72 currencies.
Join Mike Maloney as he explores the question of whether or not the United States has already entered recession territory.
The bank also "does not admit any wrongdoing or liability". Here are the details...
Italy's populist de facto leader Matteo Salvini seems set on shaking Europe's financial establishment to the core...
"If we look forward for the next 10 years, our expectations around U.S. equity markets is for about a 5 percent median annualized return."
Feb 11, 2019 - 11:30:35 PST
"The U.S. current account deficit and the country’s high level of income inequality distort the structure and amount of American savings."
"Bernstein is tracking two key measures, both of which are at levels not seen since World War II: global government debt and central bank buying of gold."
Feb 11, 2019 - 10:43:15 PST
"Columbia professor Joseph Stiglitz says standard economics is wrong. Inequality and unearned income kills the economy."
"Mind-Numbing": Shutdown 2 Looms Large as Compromise Progress at Dead HaltFeb 11, 2019 - 09:30:20 PST
"The standoff in Washington that’s increasing the chances of another U.S. government shutdown at the end of the week is also raising the specter of bigger risks as the reinstatement of the debt-ceiling approaches in early March."
Some interesting news about negative interest rates has surfaced. TraderStef breaks-down that news, and she offers some technical analysis on gold...
Turns Out That in Finland, Free Money Can Buy Happiness, but Can't Buy EmploymentFeb 11, 2019 - 08:52:34 PST
"The country ran an experiment involving 2,000 randomly selected unemployed people who received monthly payments of about $685 (560 euros) from January 2017 through December 2018."
As Italy's Finances Teeter, Populist Leaders Eye Central Bank Gold HoardFeb 11, 2019 - 08:48:30 PST
"Italy’s populists opened a new front in their clash with the country’s central bank, calling on lawmakers to pass legislation stating that its gold holdings worth almost $103 billion belong to the state."
Broken Markets & Broken Economy (Or Why The Cartel Can't Smash Gold & Silver Too Hard)February 11, 2019
SD Outlook: As gold & silver complete their pullbacks, it is important to understand why the cartel can't smash the metals too hard at this time...
The Democrats led by Alexandria Ocasio-Cortez released their “Green New Deal” this week. As Peter Schiff put it in his latest podcast, the Green New Deal is really red - as in socialist red.The whole thing is an economic train wreck.It’s masterful politics though.
Once upon a time, quantitative easing was considered an "extreme measure." But it may become more commonplace. According to a Reuters report, central bankers in the US are discussing whether they should turn to that "tool" more often.In other words, the Fed may make the "extreme" the norm.
"Deutsche Bank has had to pay the highest financing rates on the euro debt market for a leading international bank this year, in a further sign of the German lender’s uphill struggle to reduce its funding costs."