Peter Reagan

Gold price holds onto bullish level as markets brace for data reports. After breaking out of its months-long trading range and heading off towards $1,900, many analysts believe that the bullish moves in the gold market are just beginning…

One source revealed that as much as 1 million ounces of gold recently left the BoE’s vaults at a premium between 30 to 40 cents, a figure that normally doesn’t exceed 20 cents “during normal circumstances.” Elevated central bank buying seems to indicate some skepticism about economic recovery.

As The Daily Reckoning contributor Jim Rickards notes on Zero Hedge, the worst-case scenario for gold appears to be running its course. It’s often stated that the stock market is gold’s primary competitor, but the inverse correlation between the markets has been absent for some years.

These “Fedcoins,” according to The Economist, “are a new incarnation of money. They promise to make finance work better but also to shift power from individuals to the state, alter geopolitics and change how capital is allocated.” But perhaps more importantly, “Fedcoins” could signal the beginning of an abandonment of the U.S. dollar

There has been no shortage of stories of big-name investors touting or turning to gold over the past few years, and especially over the course of last year as the Federal Reserve sparked widespread inflation concerns with its multi-trillion-dollar stimulus.

The U.S. economy isn’t a light switch that can be flipped on and off at will. Yet that didn’t stop the majority of state governors from turning off their economies in 2020 — causing financial misery for tens of millions of people.

An economic framework called Modern Monetary Theory (MMT) governs the financial world today, but fails to account for the consequences of its practices. In fact, MMT is leading us to an extremely dangerous financial situation that could blow up at any time.

Since the pandemic began a year ago, the term “new normal” has become part of the American lexicon. Not “new” as in better or improved. But rather “new” as in contrast to the way things used to be. Much of the mainstream discussion argues that returning to the “old” normal isn’t likely to happen. Things like pre-pandemic employment, closer-to-normal price inflation, and less economic uncertainty just aren’t on the map.

In a recent interview, Digix co-founder and COO Shaun Djie spoke about the comparisons between gold and bitcoin, the metal’s role in the monetary system and what investors can expect in short-term economic conditions.

We’ve reported many reasons why you should not rely solely on Social Security to fund your golden years. Those reasons are in addition to the official advice that Social Security is only designed to replace about 40 percent of your pre-retirement income. Which naturally might get a retirement saver to think: “What about the other 60 percent?”

Bank of America sets a 2021 gold price target of $2,000, why silver could jumpstart the next precious metals bull cycle, and thefts of catalytic converters from cars are on the rise, driven by high prices in platinum and palladium.

The Fed attempts to maintain control of various rates (including inflation, unemployment and long-term interest rates) through its monetary policy decisions. In the past, poor choices arguably led to both the dot-com bubble and the Great Recession. But that’s old news.

In some cases, the idea of a “near-zero interest rate” is a good thing. For example, if you qualify for 0% interest when you buy a car, you save money…

Stories include: U.S. Mint can’t keep pace with demand again, Goldman chief calls silver a supercharged version of gold, and amateur prospector unearths a long-lost golden treasure from Medieval times.

Jim Rickards said back in 2016: “The dollar won’t lose its reserve currency status overnight” — and he was right. But a new and disturbing signal could finally be revealing the end game.

Stories include: Day traders piling into silver as analysts predict $50 price, gold’s reign as the top asset, and $400 million of civil war gold buried in Pennsylvania might have come to the surface.

You’ve read about housing market bubbles, stock bubbles, and even credit bubbles. But the next bubble you’re about to discover could be even more dangerous, and may have even more far-reaching consequences.

Because no matter what the headlines say, tangible physical assets can act as a hedge against inflation and diversification helps protect your savings no matter which direction the stock market heads. Take the steps you need to keep your retirement on track with a “sleep well at night” savings strategy.

When it comes to Social Security, taxes, and especially 401(k) plans in general, it goes without saying that Joe Biden has very different plans than President Trump.

Think of retirement savings like a football team: Making money is your offense and protecting your savings is your defense. Despite the potential for much higher price inflation (no matter how high it actually goes), gold and silver are looking good as potential hedges against the future of “Inflation Nation.”

A very risky stock market and ballooning government debt should all keep investors close to gold, especially as the latter issue grows worse amid efforts to stimulate the economy in the wake of the pandemic

$3,500 could be the next long-term target for gold, the dollar’s status as the global reserve currency could be slipping, and gold’s jump looks to have come from unexpected sources.

Stories include: The Fed is in no position to respond to the spike in inflation, Swiss hedge fund is offering clients a precious metals shield against inflation, and Michigan jeweler launches his own Treasure Quest.

If people aren’t paying the bill that puts a roof over their head, that doesn’t paint a pretty picture for the state of the U.S. economy. Sadly, it looks like that picture could be taking shape right now.

According to a study by the Consumer Finance Protection Bureau (CFPB), almost half of Americans do not have enough savings to maintain original spending levels past the first five years of their retirement.

The fact the Fed is buying corporate bonds at all signals favoritism toward big existing players — indebted lumbering behemoths that can’t innovate. It’s not as if the Fed is going to take the largesse it creates from thin air and spread it around to a plucky but capital-starved startup, right?

Part of the 2010 Dodd-Frank Act, the “Volcker Rule” was intended to prevent big banks from taking irresponsible risks. But in spite of an already-uncertain economy, regulators are now proposing to ease these rules…