GOLD PRICES fell within $5 per ounce of a 4-month low in London trade Thursday, retreating to $1853 even as world stock markets fell together with long-term interest rates and commodity prices amid tighter anti-Covid restrictions plus a surprise jump in US jobless benefit claims.
Full Article →What Will Biden Mean For Retirement Plans?
When it comes to Social Security, taxes, and especially 401(k) plans in general, it goes without saying that Joe Biden has very different plans than President Trump.
Full Article →GOLD PRICES on Wednesday gave back most of yesterday’s bounce from a $100 plunge, retreating to $1865 per ounce as interest rates on government bonds rose again with both global stock markets and commodity prices following Monday’s headline news of a Covid-19 vaccine.
Full Article →GOLD PRICES regained almost a third of yesterday’s $100 plunge in Asian trade Tuesday before easing back to $1880 per ounce in London as global financial markets stabilized from the apparent shock of pharma-giant Pfizer announcing successful trials of a Covid-19 vaccine.
Full Article →The election campaign has been ugly but totally avoided the monumental problem facing the American people. Clearly neither of them wanted to tell the voters that he will take over the running of a totally bankrupt country that is likely to collapse economically, financially and morally in the next four years.
Full Article →Gold Climbs Following Election Results, Then Retreats
Gold prices closed Friday at a 7-week high above $1,950/oz… But with news today of a vaccine breakthrough, gold has fallen back below its breakout point. It is now retesting support in the $1,865 range and could consolidate for a few more weeks
Full Article →After The Election… Inflation!
If Congress, the Senate, and the President can’t come to terms on another fiscal stimulus package, then the burden will fall squarely on the shoulders of the Federal Reserve to ramp up new monetary stimulus schemes.
Full Article →The Moment Of Truth Is Here
If results are contested, the fiscal and monetary response would be the same; more stimulus, more debt, and more money creation. There is no uncertainty with regards to these policies and, long term, they will be key drivers in the precious metals markets.
Full Article →A New World Monetary Order Is Coming
Under a monetary order where electronic digits representing currency can be created out of thin air in unlimited quantities, the best hedge is the opposite – tangible, scarce, untraceable wealth held off the financial grid.
Full Article →Election May Impact Near-Term Action in Gold & Silver
Metals broke out earlier in the year because there has likely never been so many fundamental reasons to buy gold and silver. We’ve seen economic turmoil, political strife, social unrest, a $3 trillion federal deficit, and a dollar weakened by fiscal and monetary stimulus – all happening at once.
Full Article →Today I’m speaking with a good friend Mr. Kedar Modi, the serial Entrepreneur with over 9 years in-depth experience in physical, scrap metal trading business.
Full Article →Sure, it sounds flashy when people talk about buying gold, but the reality is that a lot of our investors are simply buying gold as another way to store money rather than stockpiling their savings in the banks.
Full Article →GOLD PRICES rose against a falling US Dollar in London trade Wednesday, reaching 1-week highs above $1920 per ounce as global stock markets fell amid fresh Covid-19 lockdowns and restrictions across Europe, plus continued rumors and counter-rumors over US politicians agreeing a new stimulus package ahead of 3 November’s White House.
Full Article →Three Unstoppable Forces Set to Drive Silver Prices
The threat of economically crippling lockdowns, the promise of unending monetary stimulus, and the uncertainty of game-changing political outcomes – this is the “new normal” for investors.
Full Article →America’s Political and Financial Institutions Are Broken
America’s key institutions are broken. More people wake up daily to that reality. They are preparing for the moment this realization dawns on Americans at large, which explains why the markets for physical bullion are so active.
Full Article →GOLD PRICES crept higher against a rising US Dollar in Asian and London trade Friday, halving the week’s earlier $50 drop to reach $1910 per ounce as European stocks markets rose over 1.3% despite the collapse of UK-EU trade talks in Brussels.
Full Article →US Mint Not Raising Prices But…
The word on the street was that a hefty $13 price increase was coming, and many wanted to get their coins before prices rose. The news of a price increase isn’t wrong. It’s just that it won’t directly impact anyone except those people buying high-priced coins in specialty packaging directly from the U.S. Mint.
Full Article →GOLD and SILVER held onto yesterday’s gains in London trade Tuesday, consolidating as news of mergers and acquisition activity among mining companies continued to accelerate.
Full Article →What Biden and Trump SHOULD Have Been Asked
Tuesday night’s presidential debate between Donald Trump and Joe Biden won’t go down as a great moment in the annals of American democracy. That much both camps, as well as independent observers of the chaotic spectacle, can agree upon.
Full Article →The Silver Price is Headed Towards All-Time Highs
In 1980, the U.S. bull run saw gold prices reach $850/oz and silver prices leap to $50/oz. But that was a relatively limited affair when you compare it to the global phenomenon that we bear witness to today.
Full Article →DOJ Soft On JPMorgan Chase Wrongdoers
Gold and silver investors may have little in common with Jeffrey Epstein’s teenage victims or violent “Black Lives Matter” rioters, but there is one issue upon which they might all agree. Our system of justice often fails
Full Article →Gold Down Fourth Day as Fed Urges Fiscal Stimulus
GOLD PRICES slipped for the 4th day running in London on Thursday, dipping through $1850 per ounce as the US Dollar rose, inflation expectations fell, and world stock markets extended yesterday’s plunge in New York.
Full Article →Gold & Silver Locked and Loaded – Don’t be Out of Ammo
In military terms, the phrase “locked and loaded” refers to “locking” a magazine or cartridge into a firearm and loading a round into the gun’s chamber. A variant is to “lock the safety” and then load a magazine into the weapon.
Full Article →Gold Rebounds as UK Readies Military Support for New Lockdown
GOLD PRICES held above $1900 per ounce Tuesday in London, rallying to $1916 from yesterday’s $70 plunge as world stock markets also bounced from a 4-day losing streak despite weak economic data and the tightening of social restrictions aimed at slowing the global ‘second wave’ of Covid-19.
Full Article →Beware These Faulty “Inflation Protected” Investments
The Federal Reserve last week reiterated its commitment to an unprecedented inflation-raising campaign – specifically, the Fed aims to push the inflation rate above 2% for an extended period.
Full Article →‘Dovish’ Central Banks ‘Bullish for Gold’
GOLD BULLION recovered from 1-week lows against Dollar in Asian and London trade today, edging 0.4% higher from last Friday’s finish as global interest rates slipped and equities headed for 0.8% gains on the MSCI World Index after dovish policy comments.
Full Article →Pistol Pete: Old School Precious Metals Dealer
Peter Thomas – One Mans’s Journey From Silver Pit to Silver Screen – to Silver Shot. Once voted the most interesting man in the world, Pete has been in the business for 4 Decades and it looks like he is not leaving anytime soon.
Full Article →Will Markets Melt Down If No One Concedes the Election?
As pundits weigh in daily on who has the edge in this year’s political horse race, investors want to know how the election will affect their pocketbook.
Full Article →