Could Record Inflation and Interest Rate Hikes Lead to Recession? Federal Reserve rate hikes have begun. But Credit Suisse says much-higher interest rates are needed to reduce inflation. Devlyn Steele explains further.
Full Article →Last week, the U.S. Mint reported sales of 426,500 ounces in gold coins during the first quarter of 2022 – up 3.5% from the first quarter of 2021 and the highest in 23 years! In fact, March sales for the U.S. Mint was its best since 1999.
Full Article →Can we all recognize the simple fact that every government price-fixing scheme, ever, has failed? For example, banana republics have declared their pesos to be worth $1. But when the market decides to redeem pesos for dollars 1-to-1, the central bank abandons the peg.
Full Article →Even the most hawkish Federal Reserve estimates that inflation for March could come in as high as 8.41%, with forecasts of a quarter-over-quarter rise to 9.1%. That’s not quite double-digit inflation, not yet, but it’s plenty alarming…
Full Article →Plunging Bond Market Signals Trouble Ahead
As Russia appears to be on the verge of defaulting on its debt, the U.S. debt market is also signaling trouble ahead. Treasury bonds, long considered to be among the safest investments, are rapidly plunging in value as yields surge. It could end up being a lost decade – or worse – for bondholders.
Full Article →With the opening of our Dubai offices and our now having staff on the ground in the UAE, we’re delighted to announce we will be removing the requirement for Dubai-based bullion dealers to have a website in order to receive a directory listing.
Full Article →Three weeks ago, the U.S. Federal Reserve raised interest rates for the first time in more than three years. The size of the increase isn’t particularly momentous – just 25 basis points. But it’s expected there will be six more increases before 2022 is finished.
Full Article →With Tax Day coming up and tax hike proposals coming down the pike, investors are eyeing ways to limit Uncle Sam’s take. Last week, President Joe Biden proposed several new tax increases to help pay for his massive $5.8 trillion budget…
Full Article →Often, Narratives pile up lots of baggage. To effectively deal with it, one must unpack it. One bit of luggage sticking up from the heap is the assertion that now the ruble has a link to oil…
Full Article →Essentially, Russia has done exactly what we predicted and created a gold-backed currency. What this will mean for international trade involving Russia, let alone gold’s role in it, will undoubtedly become incredibly influential on future efforts to return to a gold standard.
Full Article →There is a Narrative about Russia and how it will change the monetary system. Many analysts in the gold community are promoting this story. There’s just one problem. It is like how Michael Crichton described the Gell-Mann Amnesia Effect: the newspaper is full of stories explaining how “wet streets cause rain.”
Full Article →High inflation by itself could trigger an economic slowdown – Consumers blaming inflation now for recession-like reduction in living standards. We’re just two weeks officially into the Fed’s newest tightening regime, and already there’s a good deal of news about recession warnings and signals.
Full Article →The Fed is raising interest rates to cool inflation down. But what if higher inflation is here to stay? The Federal Reserve says higher inflation will last for years. As the Fed tries to tame inflation with rate hikes, Devlyn Steele details the challenges.
Full Article →The new Freezone’s man-made island The Thistle will house Scotland’s first National Mint in over 300 years of union and is set to produce new coinage with an eye on Scotland’s future. Bullion sales and storage will be free of VAT normally imposed on silver palladium and platinum
Full Article →It’s not fair. It seems these days everything claims to be *something something* gold. Oil is black gold. Melted cheese is liquid gold. There’s even red gold, a tomato company. It’s just not fair! It’s time to turn the tables, and the tide. To flip this thing on its head.
Full Article →The last time America saw such a vast surge in gas prices was the 1970s energy crisis. That crisis led directly to a decade of stagflation, a toxic brew of rapidly-rising prices, a 50% drop in the stock market, unemployment over 10%, shrinking GDP and widespread civil disorder.
Full Article →4 Scenarios for BIG Moves in Precious Metals
Direction, magnitude, and timing are difficult to predict. But precious metals bulls are eying massive upside potential for gold and silver as war and inflation stoke safe-haven buying. What follows are four major macro scenarios that could impact metals markets…
Full Article →The number of black swan events since mid-2019 is astounding. These days, investors are constantly waiting for the next financial or geopolitical calamity, with some new sources of disruptive events added to the mix.
Full Article →Currency Wars Center on Russian Gold
In response to Russia’s war on Ukraine, the U.S. and G-7 countries have launched a currency war against the Kremlin. Sanctions imposed on the Russian central bank have effectively blacklisted the country from the U.S. dollar-dominated global financial system.
Full Article →We have recently seen an increase in social media posts about the big increase in short positions by the bullion banks. What would motivate them to short a commodity during this period of inflation, much less a monetary metal when central banks are printing money with reckless abandon?
Full Article →Is there Gold in the Metaverse?
Imagine all the people… living life in the Metaverse. Once we immerse ourselves in the digital sphere, gold may go out of fashion. Or maybe not? Do you already have your avatar? If not, maybe you should consider creating one
Full Article →Say what you will about Russia’s government, you can’t deny they understand the importance of investing in physical gold. Accumulating $140 billion of an asset with zero counterparty risk was a smart move. Now Russia’s gold bullion is likely to prove its merit once again.
Full Article →The biggest financial paradigm shift in our lives is underway, and there’s no turning back. No one knows exactly what it’s going to look like going forward nor how we’ll be able to get there. Not sure you “have enough”? Well, then don’t just stand there. Do something productive!
Full Article →Recent News Points to Recession – So What Happens When the Fed Raises Interest Rates? Countless publications are saying recession coming. With the Fed likely to raise interest rates several times this year, will it trigger a recession?
Full Article →Gold Jumps In Spite of Ultra-Hawkish Fed
The FOMC finally raised interest rates and signaled six more hikes this year. Despite the very hawkish dot plot, gold went up in initial reaction. It’s also worth mentioning that the Fed deleted all references to the pandemic from the statement. Instead, it added a paragraph related to the war in Ukraine,
Full Article →Gold Falls Despite Ongoing War and Inflation Surge
It seems that the stalemate in Ukraine has slowed down gold’s bold movements. Will the Fed’s decision on interest rates revive them again? Bullion.Directory precious metals analysis 15 March, 2022 […]
Full Article →Recent news has been full of ominous developments for the dollar; Russia and China have already established trade without need for U.S. dollars signing a treaty in 2019 which provides for using their national currencies in trade. U.S. sanctions on Russian exports will only increase non-dollar trade between those Eastern powers.
Full Article →Hearing more about gold on your favorite financial news channels in recent weeks? Experts say that the principal energy behind gold’s recent price surge has been Russia’s invasion of Ukraine – but they also say renewed fears of stagflation are providing additional buoyancy to the metal’s price.
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