Precious metals are apparently waking up. And here is where you can find the best deals.
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Americans continue to deal with rising prices even as the economy deteriorates. But the US isn't the only country with an inflation problem. As Peter Schiff explained in a recent podcast, every country has let the inflation horses out of the barn. When you couple that with the de-dollarization trend, it's bullish for gold.
Silver is headed to record levels within the next 36 months, according to a veteran commodities analyst. But when it happens don’t expect shocking newspaper headlines.
Apr 24, 2023 - 12:59:10 PDT
Central bankers who manage trillions in foreign exchange reserves are loading up on gold as geopolitical tensions including the war in Ukraine force them to rethink their investment strategies.
The survey then goes on to (try to) explain that despite the axiom of the law of supply and demand that more demand than supply (by a large margin) must result in higher prices, that silver prices were lower on average over the year 2022 than the year before.
In this week’s Live from the Vault, Andrew Maguire drills down into the major structural changes within the options market, exposing COMEX machinations that were forcing gold to fall into the predetermined price range for decades.
The role of commercial banks in money creation is made more clear by the fact the Fed& is primarily interested in creating demand deposits rather than cash. This creates a larger foundation on which commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."
Continued inflation inevitably leads to catastrophe. —Ludwig von Mises Consumers’ behaviors cause the consumer price index (CPI) broad heading of food to understate the real or wallet level of inflation.
Departures from systematic monetary policy distort behavior in ways that cause misalignments between financial quantities and real economic quantities, and as a result, they invariably produce damage as the two are ultimately realigned.
Our very own George Gammon thinks bad things are in store for the American economy.
With Biden expected to announce his campaign as soon as this week, there is little enthusiasm to see the 80-year-old grace the national stage again after years of verbal gaffes and odd behavior.
"Business Has Gotten Stupid Slow" - Dallas Fed Manufacturing Survey Slumps To Post-COVID LowsApr 24, 2023 - 12:37:22 PDT
The Dallas Fed Manufacturing survey for April printed considerably below expectations. Analysts expected a rebound from -15.7 to -11.0 but instead the headline index plunged to -23.4 (just shy of post-COVID-lockdown lows). That is the 12th straight month of 'contraction' in the survey.
Let's tune into a mass exodus of deposits at banks for money market mutual funds and what it means.
The 3-month to 1-month T-Bill spread is the largest in history. Simultaneously we have record or near-record inversions on bellwether spreads.
Let's take a look at beneficiaries of the Inflation Reduction Act and the number of jobs created by some of the projects.
70 Percent of Americans are Financially Stressed, 58 Percent Live Paycheck to Paycheck
Central Bank Gold Buying At Highest Since 1950s, As 30% Of World Economies Are Now Sanctioned By The G7Apr 24, 2023 - 09:52:41 PDT
Optimists were assaulted by Friday’s data, the Eurozone manufacturing PMI down to 45.5 despite subsidies, stimulus, and lower energy, and the US only 50.4 despite being ‘back in the factory business’. Services PMIs were better but that’s where much core CPI is located, so suggested stagflation; as did Japan’s core CPI at 3.8% y-o-y; as did UK retail sales with food prices at...
Apr 24, 2023 - 09:32:47 PDT
The Biden administration’s claims of deficit reduction come in stark contrast to the president and his team, having added $4.8 trillion to the deficit through 2031.
Apr 24, 2023 - 09:31:22 PDT
This is life under Joe Biden. Record sovereign risk, record high debt, near 40-year highs in inflation, a hot war in Ukraine with Russia, failure of DOJ/FBI to do anything about the content of Hunt…
On Basco Island South of Taiwan, U.S. Military Prepares for Conflict With ChinaApr 24, 2023 - 09:28:14 PDT
The drills, part of the largest-ever annual military exercises with the Philippines, focus on defending the Bashi Channel, a key transit point for the Chinese and American militaries.
Inflation in assets inevitably leads to a burst of bubbles. In the period when central banks were glad to see limited consumer price increases despite large increases in the money supply, they created massive inflation in assets. Throughout the quantitative easing era, bond prices spiked, equity valuations soared, house prices increased significantly above affordability levels, and...