This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: The Costco gold rush, the indebted legacy of the modern statesman and unpacking IMF data surrounding the U.S. dollar’s global forex share. What we learned from Costco’s foray into gold bullion…
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The California Department of Financial Protection and Innovation (DFPI), in collaboration with the federal Commodity Futures Trading Commission (CFTC), has launched a significant legal battle against Regal Assets LLC, the Southern California-based precious metals dealer and former Bullion Dealer of the Year.
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We’ve witnessed a fascinating interplay between gold prices, economic data, and ETF movements. Gold prices have erased a bounce from this week’s steep plunge in London trade, dropping back to 6-month lows against the Dollar and reflecting the outflows from gold-backed ETF trust funds such as the GLD.
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The threat of stagflation has been lurking about for some time on the American economic scene. Surprising considering just how robust the data has been that normally points to a sputtering economy. So far all we’ve seen is the inflation part of that equation, but analysts are concerned the “downturn” portion is just a matter of time.
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It happened! Junior miners moved to new 2023 lows! If one opened a short position in GDXJ this year and they hold it, they are profitable. The question – of course – is if junior miners and the rest of the precious metals sector are going to continue to move lower from here or will they bottom, just as they did previously when they were trading at similar levels.
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Here’s something you don’t want to hear from your political leaders, especially in the federal government: “Our financial ship is sinking.” Yet that’s exactly how Tennessee Representative Tim Burchett recently described the situation. He made this statement because the U.S. government can’t reach a resolution that would keep its own operations funded.
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This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Investors under-educated on gold, an update on Russia’s gold dealings, and who owns the London Metals Exchange?
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Representatives in the U.S. House have raised the curtain on the latest round of budget theater in Washington DC. The actual conservatives in Washington can once again be seen fighting a futile rear-guard action to hold the line on spending. The only real question is whether they will relent before House Speaker Kevin McCarthy cuts another deal with Democrats
Full Article →Despite the global stock markets witnessing their steepest weekly drop in six months, gold has held its ground, maintaining a trading range that’s the tightest we’ve seen in five years. Shifting our focus to government bonds and interest rates, these elements act as the market’s pulse. We’ve observed a significant rise in interest rates,
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Despite his accolades, Krugman has made some wildly inaccurate forecasts. For example, he claimed in 1997 that the Internet’s impact on the economy would be about the same as the fax machine. In 2012, he said the euro would collapse “in a matter of months, not years.” I can forgive him for failed economic projections, but this?
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Start talking precious metals, and the first image that typically pops into someone’s head is an image of a shiny piece of gold. It’s understandable. Gold always seems to have a certain allure that doesn’t always translate to silver. Maybe part of it’s the color of the metal. There’s an exoticism to gold’s appearance that doesn’t apply as readily to silver…
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Whoever requested the extra portion of signs from gold and gold stocks certainly didn’t have to wait for long. Gold stocks severely underperformed gold once again, and this means that the end of the rally in gold is probably near. It might or might not be completely over just yet.
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Liberty Safe, the nation’s largest manufacturer of gun safes, recently fell into hot water. The company provided the access code for a customer’s safe to FBI agents who were executing a search warrant. Some were not happy to hear the company cooperated with the FBI’s request, particularly given that many perceive case as politically driven and illegitimate.
Full Article →Today, we are turning our gaze towards the East, focusing on the gold market in China, which has been a hub of activity recently. Gold prices in China, the world’s leading consumer and central-bank buyer of the precious metal, experienced a five-day run of new record highs before snapping back.
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Did you know that Bidenomics is actually a thing? And that it’s supposed to be a good thing? It wasn’t always that way. Once upon a time, the term “Bidenomics” was a snide pejorative, used by the president’s political opponents as a sarcastic term for the economic “strategy” they like to say has produced, the highest inflation and fastest interest-rate increases in 40 years
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Since May 2021, inflation persistently above the Fed’s 2% target has devoured our purchasing power, day by day. Making the cost of living impossible to predict and planning for the future increasingly uncertain. After a short period of cooling off, inflation is heating up again on multiple fronts. One rather unexpected price surge will make budgeting a challenge…
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Savings accounts today offer the highest yields in 15 years. Even so, they may not be the best way to protect your savings from inflation. When the Fed raises interest rates to curb inflation, ripple effects spread across the economy. Some of the impacts are negative (especially if you owe a lot of money), but others are positive for savers…
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They say that time flies when you’re having fun. Or apparently if you’re baking under a ridiculously hot desert sun in the middle of summer, with marginally effective air conditioning. It’s hard to believe we’ve been based in Dubai for 18 months already, it seems like just yesterday Mac and I stepped out of the doors at DXB to a bewilderingly humid heat
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The assault on individual rights is accelerating, and investors would be wise to think about the assets they hold in a world where the rule of law is failing. Last week, New Mexico Governor Michelle Lujan Grisham banned citizens from carrying firearms in Albuquerque, neither bothered nor slowed by recent U.S. Supreme Court affirmations of the 2nd Amendment.
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This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Global gold holdings rise to highest level since 2012, a one-way flood of gold from West to East and are we missing out on platinum’s comeback?
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It remains to be seen if, in fact, interest rates start declining next year after what has been a year and a half of the fastest rate-tightening cycle in 40 years. But expectations are growing that Federal Reserve officials will be making a more dovish tilt in their application of monetary policy beginning at some point in 2024
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A late summer rise in COVID cases is triggering calls by control freaks across the globe for reimposing mandates and restrictions on the public. Civil liberties advocates are warning that crippling new economic lockdowns could be coming down the pike. Public health officials are talking up widespread masking yet again
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This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Investment firm sounds off on gold investment in a commodities era, gold standard and why we might have been here before, and did you notice gold hit another ATH in the Japanese yen?
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The day before signing the Fiscal Responsibility Act into law, President Biden said, “We’re cutting spending and bringing deficits down.” In the merely three months since the Fiscal Responsibility Act became law, the gross national debt already has risen by another nearly $1.5 trillion, suggesting that perhaps this promise remains elusive
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Corporate media headlines like Biden’s Economy Is the Best Ever or The Bidenomics Success Story leave one big question unanswered… Who is better off? (Lest we forget, “the economy” isn’t a citizen.) Are you better off than you were thirty months, two and a half years ago?
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This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold’s price holding up even though interest rates keep rising, the real story of inflation, and gold remains a key asset for the new global economy.
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Making an investment in physical gold and silver is easy. Insuring these new valuables stored at home is more difficult. It may be outright impossible in larger amounts. The standard homeowner’s insurance policy provides little, if any, coverage for precious metal coins, rounds, and bars…
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You know how it goes. Inflation comes barreling out of the gate. The Fed starts pushing rates upward. At some point, the cost of money ultimately gets so high that the economy starts to break. Next, consumers stop spending, stores and manufacturers have less business, and workers get laid off. Last stop: recession.
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