According to a report by the World Gold Council, the answer is yes. Gold’s excellent conductivity and its malleability make it an important component in the manufacture of electronic devices. Gold can be formed into extremely thin wires, making the metal ideal for use in small computer chips.
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Gold sold off after Trump’s victory and the red wave – but why? What changed, even before the President-Elect takes office? There are plenty of explanations, but they’re mostly fact-free hand-waving. So what’s going on? In the short-term, same as all markets, sentiment drives gold. Greed and fear, to paraphrase Warren Buffett.
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This is the conclusion of a new report by Toronto-based Capitalight Research Inc. commissioned by the Silver Institute: “Institutional investors seeking to strengthen their portfolios through diversification should consider the compelling benefits of investing in silver.” The report focuses on increased fragility in the geopolitical environment.
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The United Arab Emirates is poised to usher in an “Asian Century” for gold to challenge dollar dominance, according to a report published by the Dubai Multi Commodities Centre (DMCC). The UAE leapfrogged the United Kingdom to become the world’s second-largest gold trade hub in 2023.
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We’ve been through a lot over the last four years – and some things have gotten better. Some things are getting worse again. Inflation has been smoldering for months now, so why is the Fed suddenly fanning the flames? It’s a good question to ask, and we all want something hopeful to look forward to… but…
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Gold and silver futures speculators began selling contracts in anticipation of a Trump victory. Thus far, the selling continues after his win. The markets may have simply been overbought after big moves higher in October. However, the impact of the election cannot be discounted.
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After running the third-largest budget deficit in history in fiscal 2024, the Biden administration kicked off fiscal 2025 in a similar manner. The federal government ran a $257.45 billion budget shortfall to start the new fiscal year, with revenue down and spending up, according to the latest statement from the Department of Treasury.
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With Trump’s election victory and a GOP-controlled Congress, significant economic changes are on the horizon. While these policies aim for long-term prosperity, they come with significant short-term costs. Here’s a discussion of just how much these plans will affect your finances…
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Gold plunged by almost $80 yesterday… And it doesn’t look like the decline is going to end (!) anytime soon. Sure, there will be corrections, but the bearish train appears to have finally left the station, as I’ve been expecting it too previously. Gold broke below its rising support line, which is a strong sign that the trend has changed.
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We’re currently cursed to the tune of $35.9 trillion and counting. To make matters worse, the size of the debt is exacerbating the debt. Uncle Sam paid $1.13 trillion in interest expense in fiscal 2023. In fiscal 2024, the federal government paid more for interest expense than national defense and Medicare.
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India has brought more of its gold home. Last spring, the Reserve Bank of India repatriated 100 tons of gold, moving it from the UK to vaults within India’s borders. According to a report by the New Indian Express, the RBI recently moved another 102 tons of gold home.
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Inflation is a controversial topic among economists. They can’t always agree on the best ways to measure it, or even what causes it. They all agree on one thing, though. You’ll never believe why the so-called experts think inflation is a necessary evil… But you can take steps to counter the Fed’s wealth destruction
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The votes are counted, and the results are in! Donald Trump will occupy 1600 Pennsylvania Avenue for the next four years. The GOP will also control both houses of Congress. Much will change in the next four years. But it’s also important to consider the things that will almost certainly stay the same…
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As the United States braces for the aftermath of a decisive Trump victory, the principles of sound money seem destined to take a backseat to what is politically expedient – because national political campaigns, often promise more spending, that erodes the purchasing power of the U.S. Federal Reserve Note, AKA the U.S. dollar.
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Gold and silver have been on a tremendous run in 2024. In fact, they are the two best-performing assets this year. As of the end of October, silver was up by 42.4 percent, and gold was up by 33.7 percent. This compares to a 24 percent gain in the NASDAQ, the best-performing stock index.
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After shattering 30 all-time high price records, global demand for gold also hit an all-time high this year. Is massive demand causing record high prices? Or are high prices causing fear of missing out? Let’s dive into the forces behind record gold demand…
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While President Biden and talking heads in mainstream media talk about the amazing robust economy, retail stores are closing at a frenetic pace. According to Coresight Research, 6,189 stores have already closed in 2024. That puts retail store closures at the fastest pace since 2020, when government shutdowns decimated the retail sector.
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Gold demand set a third-quarter record, driving the price to a series of record highs. Including over-the-counter (OTC) sales, gold demand came in at 1,313 tons in Q3, a 5 percent year-on-year increase. Gold averaged a record $2,474 an ounce in the third quarter. That represented a 28 percent year-on-year increase.
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Eerily Symbolic: Treasury Seal Falls Off Podium as Yellen Is Asked About Dollar’s Status! The universe seems to know the dollar is in trouble. During a recent news conference, a reporter asked Treasury Secretary Janet Yellen, “How concerned are you about the potential impact of the dollar’s status as the world reserve currency?” And the seal fell off…
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HSBC Hong Kong announced it will formally join China’s Cross-Border Interbank Payment System (Cips). The move is yet another body blow to dollar dominance. According to the Financial Times, it will give “the world’s biggest player in trade finance a key role in Beijing’s push to expand use of the renminbi.”
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Many people around the world have the idea that their governments are there for their benefit, to help them, especially when times get tough. But the fact of the matter is that governments actually have no incentive to help you, not today and not tomorrow…
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Gold’s price is rising so quickly that analysts, forecasts and headlines are scrambling to keep up. JP Morgan has identified this new trend as the “debasement trade,” and explains why we’re still in the early days of record gold prices…
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Gold is typically seen as a store of value. Over time, investors expect its price to keep pace with inflation. We find gold’s returns are tightly correlated with the general price level as measured by the consumer price index. Using this assumption, the long-term expected return for gold generally ranges between zero and 1 percent. However…
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You may be surprised to learn that housing is now “the civil rights issue of our time” according to some activists. The problem with activists like this is how they want the problem solved. They want more government involvement and control – which could wreck more than just the housing market…
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You’ve probably never heard of “doom spending,” but it’s important. Doom spending is clearly a warning of an economic nosedive. Learn what it means and how to prepare now, so the consequences don’t take you by surprise…
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According to National Bank of Poland Governor Adam Glapiński, the county holds 420 tons of gold “on behalf of all Poles,” noting that Poland “has thus entered the exclusive club of the world’s largest gold reserve holders.” Only 10 countries hold more gold than Poland – Poland now holds more gold than Great Britain.
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Donald Trump is picking up steam in recent polling. Bullion investors are tuned into presidential politics, this year perhaps more than ever. They wonder what the November election might mean for markets. Absent some radical development, either Trump or Harris will be president come January. And Gold investors better be ready!
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How close are Americans to hitting their credit card limits? Based on the latest consumer credit data from the Federal Reserve, they may be getting closer. American consumers have been yo-yo-ing between slowing credit card spending and going on spending sprees. But in August, credit card balances contracted significantly.
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