The Federal Reserve lost $77.6 billion in 2024. And by the way, a Fed loss is ultimately your loss. The central bank began bleeding red in late 2022. In 2023, it reported an operating loss of $114 billion. On top of its operating loss, the Federal Reserve reported unrealized losses totaling $1.06 trillion.
Full Article →In 2024, the S&P 500 delivered a total return of 25%, while gold finished the year up 27% – The first time in recent history in which gold and stocks achieved gains exceeding 25% within the same calendar year. This rare state of affairs has sparked intense interest among financial commentators. Investors want to know – is this a new normal?
Full Article →Ever since Paul Volcker took the helm at the Federal Reserve back in 1979 and ended the decade of stagflation, the Federal Reserve has played a key role influencing the American economy. Now Fed chair Jerome Powell is saying that he thinks Trump’s policies will cause prices to rise steeply.
Full Article →The Federal Reserve loosened monetary policy significantly during the March FOMC meeting that wrapped up Wednesday. “But wait,” you say. “The Fed held interest rates steady, right?” Yes. Yes, they did. The Federal Reserve ALSO make a BIG move during the March meeting… but it largely flew under the radar.
Full Article →The latest market crash has sent many investors into a panic, but it opens a window for those paying close attention. I thought gold would get pulled down with the market, but surprisingly, it didn’t. This unexpected resilience sets the stage for a new market setup where gold could perform extremely well in the future
Full Article →Gold topped $3,000 an ounce Friday and continued to drive higher. A lot of mainstream analysts forecast $3,000 gold for this year, but the pace of gold’s climb has been faster than most expected. The price of gold hit new highs 40 times in 2024. This year, the yellow metal has already broken 14 records.
Full Article →The federal government spent $307.01 billion more than it took in last month. That drove the cumulative deficit for fiscal 2025 to $1.15 trillion with seven months left. It is the biggest deficit ever through five months. Meanwhile The Treasury collected ‘only’ $296.42 billion in February.
Full Article →The National Bank of Kazakhstan (NBK) announced plans to sell dollars to ease inflationary pressure caused by its gold purchases. Kazakhstan ranked sixth in the world in gold production in 2023. According to the Astana Times, the domestic gold purchases are set up “to boost international reserves and protect the economy from external shocks.”
Full Article →In his crusade against waste, fraud and abuse, Elon Musk has made some extreme claims. Earlier this week he really crossed a line, though, when he said, “Social Security is the biggest Ponzi scheme of all time.” What exactly did he mean? And, more importantly, what are we going to do about it?
Full Article →Led by North American funds, ETF gold holdings grew globally for the third straight month. ETFs in every region reported inflows of gold totaling 108.3 tonnes. That drove total ETF gold holdings to 3,353 tons, the highest month-end level since July 2023.
Full Article →For decades, the nation basically ignored the national gold reserve. The only people who ever brought it up, were immediately dismissed as tinfoil-hat-wearing conspiracy-mongers. Whether out of concern for its existence, or just out of prudent asset management, we may soon get the first proper Fort Knox audit since the 1950s…
Full Article →It would be great if major institutions were trustworthy, competent, and efficiently run. But fixing these institutions first requires recognition of the problems. The people who spent all of their time marginalizing gold bugs as nutjobs and conspiracy theorists are starting to find themselves out on the fringe.
Full Article →The Saddest Recession Indicator I Ever Heard Of
All too often, when we talk economics and finance, we neglect the human side of the equation. GDP is about more than percentages – it’s about prosperity and confidence. Unemployment isn’t just a number, it’s real people who’ve lost their primary source of income. So, today, we explore the saddest recession indicator…
Full Article →Leasing vs “Leasing” Gold for a Return
In this article we compare conventional bank leasing with a true gold lease from Monetary Metals. So many questions surround gold markets and the financial products available, and we want to set the record straight. Gold markets are notoriously opaque. We can’t always understand what is happening in those markets and…
Full Article →How Much Gold Is Moving From London to New York?
A lot of gold has moved from London to New York in recent weeks. Mainstream analysts blame the dynamic on the threat of tariffs pushing the futures price of gold (and silver) higher in New York. There could also be a more fundamental issue at play: the fact that there is a lot more paper gold than physical metal.
Full Article →Why Is the Fed Afraid of a Fort Knox Audit?
Your News to Know rounds up the most important stories about precious metals and the overall economy. This week, we’ll cover: Why is Fort Knox at the center of a tornado of suspicion? How to increase the federal government’s revenue by $750 billion with this one weird trick. Gold sets new records, tops $2,900 as $3,000 becomes the target in view
Full Article →Will You Get a $5,000 DOGE Stimulus Check?
Love him or hate him, Elon Musk has some truly enormous plans for slashing government waste and cutting federal spending. Trump and Musk say DOGE could return 20% of its savings to taxpayers, too! Is your $5,000 DOGE stimulus check is on its way?
Full Article →News aggregator ZeroHedge tweeted at President Trump’s head of government efficiency, Elon Musk, “It would be great if @elonmusk could take a look inside Fort Knox just to make sure the 4,580 tons of US gold is there. Last time anyone looked was 50 years ago in 1974.” Mr. Musk responded, “Surely it’s reviewed at least every year?”
Full Article →Why Official Inflation Reports Are Dead Wrong
Recent official inflation reports are disheartening. What’s worse, they simply don’t reflect the reality faced by everyday American families. Today we take a deep dive into how inflation itself, the official headline CPI, is measured. What if we’ve been measuring the wrong things?
Full Article →Is the Shortage of Large Bars Temporary?
Traders with an obligation to deliver physical bars in the U.S. have found the available inventory is in short supply. They have been rushing to import supplies from London and/or paying hefty premiums to secure the bars they need. Others have been capitalizing on arbitrage opportunities.
Full Article →Global Scramble for Physical Gold Bullion Heating Up
We’re still seeing unprecedented flows of physical gold bullion worldwide, creating logistical challenges and causing not a little market chaos. The world’s biggest bullion dealer just accepted their second-largest delivery of gold since 1994 – what exactly is going on?
Full Article →Will Fed Waste & Abuse Finally Get Attention Too?
Americans got an eyeful of the waste and fraud which has been rampant in federal spending last week. A barrage of announcements by the Trump administration included putting the brakes on a $50 million program to buy and supply condoms to people in Gaza.
Full Article →Fifth Straight Significant Silver Supply Deficit for 2025
The silver market is forecast to record a fifth straight market deficit in 2025, with demand once again outstripping supply. Analysts at the Silver Institute call the projected market deficit “sizeable.” The Silver Institute projects record silver offtake this year, with overall demand coming in at around 1.20 billion ounces.
Full Article →3 Reasons Why 2025 Will Be a Bumpy Ride
Every new year starts off with hope – this year, hope that we’re on the road to a real economic recovery. That would mean lower prices, affordable housing and a better standard of living. Let’s take a look at a map, and see if we’re on the right track…
Full Article →Is Arizona Getting Gold & Silver-Backed Transactional Currency?
A well-meaning bill filed in the Arizona Senate seeks to establish a state-sanctioned transactional currency backed 100 percent by gold and silver, along with a state-operated bullion depository. Interestingly, the state would also issue physical gold and silver coins, even as such actions by a state are explicitly barred by the U.S. Constitution.
Full Article →These 3 Catalysts Could Fuel Precious Metals Markets
Longtime bullion investors have been evaluating whether to buy, sell, or hold in recent months. The change in leadership in Washington DC has prompted some searching as to the direction of the markets. Demand for precious metals tends to come in three broad categories: inflation hedging, safe-haven buying, and speculation.
Full Article →Will Trump Executive Orders Change Retirement Math?
It’s been an eventful few days since Trump was sworn into office for his second term. Right out of the gate, Trump issued quite a few executive orders and policy revisions, many with economic consequences. Let’s assess the long-term impact…
Full Article →Silver Historically Underpriced: Gold-Silver Ratio Over 90-1
The gold-silver ratio has surged to over 90-1. This indicates that silver is extremely underpriced from a historical perspective. In other words, silver is on sale. The last time we saw a gold-silver ratio over 90-1 was in the early days of the pandemic lockdowns. In the modern era, the ratio has averaged between 40-1 and 60-1.
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