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Precious Metals News

Nine Days Into 2023 Gold Already Trolling ‘Experts’

Nine Days Into 2023 Gold Already Trolling 'Experts'

Gold’s price jumps over the past week were difficult to ignore. When gold rose past $1,800, there were some immediate concerns that its price might fall a bit in the coming weeks. Instead, it did the opposite. Closing Friday around $1,870, the next benchmark of $1,900 appears within easy reach.

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As the Dollar Falls, Metals Will Rise

As the Dollar Falls, Metals Will Rise

Precious metals did well compared to other assets in 2023, but not as well as many goldbugs expected given the highest price inflation in decades. The anemic price action was another indication of artificial forces in the markets and broken price discovery.

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What Triggered Silver’s January 5 Hiccup?

What Triggered Silver's January 5 Hiccup?

Fed officials flexed their muscles during the last FOMC meeting. Silver tripped and fell in response, but that didn’t last long – why? The hawkish force was strong with this FOMC!

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2022’s Economic Forecasts Were Way Off

2022's Economic Forecasts Were Way Off

Back in 2021 practically no one foresaw the economy that ultimately came to pass in 2022. Not the level and persistence of inflation, not the severity of the interest-rate increases, and certainly not the resulting volatility that wiped tens of trillions from the real net worth of U.S. households last year.

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Reflections Over 2022

Reflections Over 2022

The life of an entrepreneur is not what most people would call “normal”… I don’t refer to the guy who buys a fast-food franchise. Nor to the folks who have law or accounting firms. I don’t know a lot about how these businesses work, but I do know one thing. They should reach cash-flow positive very quickly; if not, something is wrong.

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Market Experts Predict Big Gold Moves In 2023

Market Experts Predict Big Gold Moves In 2023

Gold ended an otherwise dull year by surging from $1,650 to $1,820 rather abruptly. Will 2023 include another rapid rise in price? A slow, steady climb? About the only consensus from the forecasts I saw was that gold will rise in price. The overall bullishness of these forecasts varies, but not the result.

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Pay Less Tax in 2023

Pay Less Tax in 2023

Among the top New Year’s resolutions investors can make is to pay less in taxes. Without doubt, taxes can be one of the biggest drains on realized investment returns. Fortunately for holders of physical precious metals coins, rounds, and bars generate no tax consequences…

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Why 2022 Was the Worst Year For Investors

Why 2022 Was the Worst Year For Investors

We’re in for a rough start to 2023. Still-hot inflation, high mortgage rates, and rising personal debt can slow down even the most stable economy. (Let alone a volatile, teetering and still-frothy economy.)

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How American Millionaires Are Outsmarting the Collapsing Economy

How American Millionaires Are Outsmarting the Collapsing Economy

According to a recent poll by the Wall Street Journal and Impact Research, 65% of voters say the economy is headed in the wrong direction. Financial strain was affecting more than half of respondents, with more suffering on the way if things keep getting worse

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Will Gold Shine Bright in 2023?

Will Gold Shine Bright in 2023?

Investor Peter Schiff and politician Nigel Farage recently shared their thoughts on why gold is scheduled to emerge as an outperformer in 2023, and why it’s already doing what it’s supposed to. Both gold’s 50-day and 200-day moving averages show it outperforming inflation

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Avoid Silver Eagles – Save Big!

Avoid Silver Eagles - Save Big!

The dysfunctional U.S. Mint makes tens of millions of them each year. But unlike well-run private mints, these government bureaucrats are incapable of or unwilling to address their production and sourcing stumbles, so demand for silver Eagles continues to outstrip supply.

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Wall Street Insider Shares His 2023 Gold Strategy

Wall Street Insider Shares His 2023 Gold Strategy

Gold’s whiplash couple of years have almost made everyone forget just how big of an outperformer it is. It has risen by 450% since 2000, having spent most of 1999 around $255. Still, even gold investors can perhaps fall prey to recency bias.

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Bullion’s Most Under-Appreciated Feature?

Bullion's Most Under-Appreciated Feature?

Physical gold and silver will never become worthless. This fact does not make for much of a marketing pitch. But given recent events, this is a more important feature than it looks: Americans, and investors around the world, live in an age of collapsing confidence in institutions.

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Asset Managers See Stagflation as New Normal

Asset Managers See Stagflation as New Normal

Stagflation is a rare beast, which is why we don’t see it very often. What makes it so rare is that its two principal ingredients are high inflation and low economic output – conditions that tend to exist in opposition to one another.

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When Did Less-Bad Become Good?

When Did Less-Bad Become Good?

And Why the Media Is Desperately Hiding the Truth About the Economy? The idea that the bad news has ended is a dangerous illusion to support with your savings (“The Fed will pivot, rates will drop, stocks will surge and inflation will go away – better buy now!”).

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Household Debt Continues to Surge Alongside Inflation

Household Debt Continues to Surge Alongside Inflation

Americans have been relying on credit for some time to do their spending. And based on data recently compiled by the Federal Reserve Bank of New York, they seem to be relying on it more than ever.

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Stagflation: the Worse for Us, the Better for Gold

Stagflation: the Worse for Us, the Better for Gold

Stagflation is coming – and it could make the 1970s look like a walk in the park. As you’ve probably noticed, I expect a recession next year, and I’m not alone, as this has become the baseline scenario for many financial institutions and analysts

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2 Reasons Why Social Security Is Anything but Secure

2 Reasons Why Social Security Is Anything but Secure

We’ve been reporting on the likelihood that Social Security will suffer from a series of setbacks in the 2030s for quite some time. Now, the Social Security Trustees are beginning to confirm the fears we’ve expressed since 2019. In this year’s report, they summarized the main problem…

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2023: Gold’s Best Year Ever?

2023: Gold’s Best Year Ever?

Numerous analysts have said that commodities crashing is a kind of necessary ingredient in the current market fiasco – but just as gold was seemingly left out of massive gains that other commodities experienced, it’s likely to be one of the very few commodities not falling in the kind of recessionary environment we’re anticipating.

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10 More Years of High Inflation?

10 More Years of High Inflation?

Prices could remain elevated well after acutely high inflation subsides. One report says that inflation above the Federal Reserve’s 2% target could be with us for another decade

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Bitcoin NOT the ‘New Gold’

Bitcoin <u>NOT</u> the 'New Gold'

Bitcoin has potential, but not as a substitute for gold. And not as a government-regulated get-rich-quick asset for people to gamble on in Wall Street’s rigged casinos…

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Sam Bankman-Fried FTX’ed Up

Sam Bankman-Fried FTX’ed Up

This disaster is sad because it taints an entire industry that was at first, built upon the premise of providing an alternative to centrally planned money and credit. That would be the one thing cryptobugs have in common with goldbugs – they both agree there needs to be a monetary alternative to fiat currencies.

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Inflation Reprieve Won’t Last Much Longer

Inflation Reprieve Won't Last Much Longer

Inflation is still orders of magnitude too high, and not declining appreciably. (Should CPI continue to come in 0.2% lower every month, we’re still looking at over two and a half years of prices rising faster than the Fed’s targeted rate.)

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Inflation Down, but Gold Surges – Huh?

Inflation Down, but Gold Surges – Huh?

Gold’s $100+ rise to $1,760 from $1,650 last week wasn’t an intraday price move, but it feels so abrupt and rapid. And every time gold’s price surges like this, we expect there to be some crisis or calamity. After all, it was gold’s biggest weekly gain in 30 months. Remember what happened 30 months ago?

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Fed Note Suffers Pivotal Breakdown

Fed Note Suffers Pivotal Breakdown

While investors continue to await a possible Federal Reserve pivot toward monetary easing, the pivot has already occurred in major asset markets, including precious metals. Last week was indeed pivotal for multiple asset classes.

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The Best Way To Defend Your Savings

The Best Way To Defend Your Savings

We are living through an economic crisis that will earn an entire chapter in introductory economics textbooks in the future… As of September, 63% of Americans were living paycheck to paycheck, according to a recent LendingClub report — near the 64% historic high hit in March.

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What’s Behind the Central Bank Gold Buying Boom?

What’s Behind the Central Bank Gold Buying Boom?

Central banks bought a record amount of gold last quarter as they diversified foreign-currency reserves, with a large chunk of the purchases coming from as-yet unknown buyers. The official sector has consistently been one of the main pillars of support for gold prices for more than a decade.

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Is Powell Planning a Pivot?

Is Powell Planning a Pivot?

Currency traders may be looking ahead – specifically to the likelihood of a U.S. economic downturn in 2023. The potential of another housing-led Great Financial Crisis also looms. The full effects of the Fed’s latest rate hike won’t be known for months, but higher borrowing costs will hit struggling consumers

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