Precious Metals News

Money has value, but not because the government says so. In an analysis on Eurasia Review, Frank Shostak goes in-depth in an attempt to answer the question: why does money have value? Opposing the views that the value of money is there because of government reassurances…

Unfortunately, like stocks, home prices can drop like a rock at a moment’s notice. That’s one lesson we learned all too well in 2008. Another Great Recession-type plummet in home prices forces many buyers underwater, stranding them with an asset they overpaid for and can no longer afford

Analysts think stagflation might be the boost gold needs right now. The gold market continues to experience strange action, having most recently fallen to $1,720 only to bounce back to $1,760 by Friday’s time. It was a repeat of the week before, where strong selling pressure was met with a lot of buyers.

It’s easy to forget that a crisis is brewing when it’s overseas. Yet to anyone familiar with the situation, the Evergrande housing crisis in China has all the makings of a repeat of the 2008 financial crisis.

Evergrande, a real-estate colossus in China, is collapsing. Don’t expect the collapse to be contained to China. The global macro implications are huge. At some point in the near future, constant interventions by the Federal Reserve and Treasury won’t be able to stave off a major crisis.

Time is running out on any possibility that the Social Security Trust will be able to provide the expected benefits to beneficiaries after 2033. That is a bitter pill that Americans will have to swallow in 12 years. But there are at least three spoonfuls of sugar that might help it go down (if you don’t choke).

In a recent analysis, the World Gold Council commented that we are entering a commodities supercycle. Between higher inflation and shortages of basic materials expected for the foreseeable future, it’s not a difficult notion to entertain. And out of the various commodities, gold is once again emerging as a shoo-in for the top spot.

How can you tell when a big economic bubble is forming? When Wall Street tells Main Street, ‘It’s not a bubble.’ The old joke goes: “How can you tell when a lawyer is lying? Their lips are moving.” Now there is a new joke, according to Charles Hugh Smith…

The days of pensions, however, are pretty much over. Nearly every corporation rebelled against the uncertain, long-term costs associated with securing their former employees’ retirements. Instead, they argued for (and got) a different kind of employee retirement benefit…

Wall Street stock brokers coined the phrase “Put 10% of your portfolio in gold and hope it doesn’t go up.” There’s a very good reason for this. When gold’s price is steady, or posting mild gains, that means there’s no market mayhem going on. Gold’s two previous all-time highs, in 2020 and 2011, both came during times of enormous global distress.

The markets are severely overvalued, according to both the Buffett Indicator and the Schiller P/E ratio. Taken together, these are a reliable indicator that Wall Street isn’t thinking clearly…