Precious metals are apparently waking up. And here is where you can find the best deals.
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Many people are concerned about a possible move toward central bank digital currency and we're starting to see organized pushback on the idea. But as Friday Gold Wrap host Mike Maharrey explains, a lot of people are so caught up in taking on CBDC that they're missing the more fundamental problem with government-issued fiat currency. Paper money isn't the solution. It is the parent of the problem.
Americans Brace Yourself For Much Higher Electric Bills Even As Energy Prices Are DecliningApril 28, 2023
If Americans thought they would enjoy lower "Electric Bills" this year after paying skyrocketing prices in 2022... think again. Unfortunately, U.S. power bills will continue to rise even though natural gas and coal prices have dropped significantly since last year...
Apr 27, 2023 - 13:28:51 PDT
Of all the major demand categories, arguably the biggest driving force is silver’s industrial importance. It is estimated that approximately 60% of today’s silver is used for industrial purposes such as electronics, solar cells, automotive and soldering, with the remaining 40% available for investment.
Apr 27, 2023 - 13:26:46 PDT
Demand for gold broke all records шт Russia in 2022 as it increased 15 times. Russian citizens bought 75 tons of investment gold bullion in 2022 against only 5 tons a year earlier.
See more at https://english.pravda.ru/news/russia/156442-russia_gold/
Switzerland exported more gold to mainland China in March than in any month since July 2022, but shipments to India and Turkey fell from February's level, Swiss customs data showed. Switzerland is the world's biggest bullion refining and transit hub.
The group discuss the tokenisation of gold reaching US$1bn, Perth Mint's product update, and Hamelin Gold's plans for 2023.
Apr 27, 2023 - 13:19:47 PDT
Google trends shows searches related to the search query “how to buy gold” reached a perfect score of 100 during the first week of April.
Argentina's central bank hiked its benchmark interest rate 10 percentage points to 91% on Thursday, two bank sources and traders said, as it tries to tame high inflation and steady the peso currency, which has tumbled in black market trading. With Argentina's inflation rate running at more than 100%, the country's central bank had already hiked the rate last week...
Pressure is building on President Joe Biden to respond after House Republicans unified on a set of demands to avert a catastrophic US debt default in the coming weeks.
There is a lot in this comprehensive report: The bank notes that Central banks are weaponizing the USD. Meanwhile the Fed may stop hiking with inflation expectations simultaneously picking up. Jewelry and investment demand are analyzed. The key missing point, they note, is mainstream investment demand. And that only has to pick up a little according to their model:
ESG: Another Fraudulent Hustle That Progressive Elites Have Foisted on the EconomyApr 27, 2023 - 12:21:09 PDT
The allure of environmental, social, and governance (ESG) goals has hypnotized corporate America into offering ESG funds that score investments for prioritizing social goals.
Ryan McMaken and Dr. Mark Thornton cover the state of the dollar as global reserve currency, and why employers are laying off more and more of their highest paid workers.
Former US President Donald Trump has expressed concern that China could displace the US dollar as the global reserve currency. The warning follows reports of agreements between various nations to use the yuan in commodity transactions.
It’s time to dispel some myths here.
The political class does not operate with good intentions. Sure, there are some naïve goofballs among the political elite that believe in whack job economic ideologies.
"Inflation Is Killing My Business" - Kansas City Fed Survey Slumps To Lowest Since COVID LockdownsApr 27, 2023 - 12:10:12 PDT
Continuing the trend of dismal regional Fed survey data, Kansas City's Manufacturing sentiment slumped to -10 in April (from 0.00 with expectations of a small drop to -2).
Apr 27, 2023 - 12:05:41 PDT
US House Speaker passed on a budget to the US Senate to avoid a US debt default. Senate Majority Leader Chuck Schuner said “DOA” and Biden refuses to negotiate with McCarthy. Hence, the US Credit Default Swap 1Y rose to 162 today.
Dire headlines predicting the end of the US dollar as the world's reserve currency have dominated the news in recent weeks.
Gold prices rose on Thursday as economic concerns returned to the fore and traders awaited U.S. data for hints on the Federal Reserve's policy trajectory.
All through the period when trouble was brewing at Silicon Valley Bank, the Federal Reserve was taking steps that effectively discouraged examiners from doing much about it.
"Whatever one thinks about a proportional income tax, the principle of declining marginal significance of income doesn’t justify progressive income tax rates. Neither does it justify progressive mortgage interest rates." ~ Charles W. Baird