The Texas Bullion Depository took a step closer becoming operational earlier this month when officials announced the location of the new facility. The creation of a state bullion depository in Texas represents a power shift away from the federal government to the state, and it provides a blueprint that could ultimately end the Federal Reserve’s monopoly on money.
Analysts at Thomson Reuters expect the price of gold to push back over $1,300 and then continue to rise above $1,400 through next year, primarily driven by overvalued stock markets, according to the GFMS Gold Survey 2017 Q3 Update and Outlook.
Both these indicators are flashing warning signals that asset prices are overdue for a sharp correction.
He called the tax plan "a cosmetic tax decrease for the middle class that will go away over time."
The Senate's latest tax plan would lavish billions on the wealthiest Americans but leave those at the bottom with higher taxes.
They know inflation is, in fact, higher than the Fed claims… which is why ALL of them are loading up on Gold by the ton.
Hello Charles. Looking for inflation? Look at asset prices and the bubble you helped blow.
Yellen was right to brush off “transitory” factors of “low” inflation.
Majority of Bay Area renters plan to leave. The San Francisco housing market is the most overvalued market in the United States.
Janet Yellen has two meetings left as chairwoman of the Federal Reserve, and traders think they know exactly what she will do with interest rates. Fed-funds futures peg the chance of a quarter-point hike next month at 97%, with just a 5% chance of a further rise at her swan song in January.
David Swensen, Yale University’s longtime chief investment officer, said the lack of market volatility in the current geopolitical environment is a major concern and warned that another crash is possible.
House Republicans passed their version of legislation to overhaul the U.S. tax code by slashing the corporate tax rate, lowering tax burdens for most individuals and adding an estimated $1.4 trillion to the federal deficit over the next decade.
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The Fed is printing currency (M2) at a rate almost twice as fast as Industrial Production growth.
There are nearly 40,000 grocery stores in the U.S. employing roughly 3.5mm people, many of whom are cashiers.
For the first time since 2016's growth scare, there are more Americans opening jobless claims than last year...
Tucked into Republicans’ tax overhaul bill is a technical tweak to how inflation is measured. It is designed to hold down the deficit, but over time it becomes a tax increase that hits many middle-class households who start out as the plan’s beneficiaries, Greg Ip writes.
State and local governments could suffer hits to revenue collections under the tax reform bills being considered in the U.S. Senate and House because of the potential loss of a federal subsidy applied to bond issues and because a proposed increase in the standard taypayer deductions would affect some states.
For the last 44-45 years, the petrodollar system has been ruling the world, which means that the international oil trade had been mostly paid for in US dollars.
Jim says physical gold shortages are popping up from Switzerland to Shanghai, and fundamentals are now taking over the market. Here's why...