Bullion investors are naturally concerned about unsound monetary and fiscal policy. Many of them buy precious metals, in part, because they recognize the federal government is out of control when it comes to borrowing and spending. This makes the most recent betrayal by the Republicans in the House of Representatives relevant to our readers.
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After 3 years of relentless (sometimes historic) inflation, it’s about time some good news made its way through the economic carnage. Some categories of goods have finally moved into deflationary pricing. That is, a handful of items are starting actually decline in price. Better late than never, even though all consumer price inflation isn’t deflationary just yet.
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I launched this business with a simple thesis. Interest will draw gold into the market; without interest, gold disappears into private hoards. The obvious reason is that people want a return. Without a return, they put their gold away and seek to avoid risk. A return provides an incentive to bring out the gold. Everyone wants to make a profit.
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A large bipartisan contingent of Wisconsin legislators have reintroduced legislation seeking to end Wisconsin’s outdated practice taxing purchases of gold and silver. Assembly Bill 29 and Senate Bill 33, primarily sponsored by Rep. Shae Sortwell and Sen. Duey Strobel (R – Saukville), respectively, would align Wisconsin with the policies of 43 other U.S. states.
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This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Are the comparisons with 2008-2011 in gold holding up? The World Gold Council’s 2024 outlook for gold and China’s gold-buying streak extends to 14 months…
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Some proponents still market the crypto asset as “digital gold.” That combined with the dramatic rally in bitcoin prices over the past year means there are plenty of interested investors. There are good reasons to own bitcoin, but they are not the same reasons to own physical gold…
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Bidenomics might have a number of fans at 1600 Pennsylvania Avenue. But among regular Americans? The data suggests, “Not so much.” Officials at the White House aren’t using the term as often as they once did. They seem to be concerned about evidence that it’s been landing with something of a dull thud lately…
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The White House is busy leveraging the media to tout the headline 216,000 jobs that were added in December. That was a whole lot more than the 170,000 economists predicted. The administration is eager to tell you this is a strong finish to 2023’s spectacular job growth. Bidenomics is winning! Lets look more closely at the propaganda…
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Why did the miners’ decline pause? Might this be a bottom? In short, it might, but it’s highly unlikely that this is indeed a bottom. Yesterday’s pause is natural given the support that miners are encountering and given the situation in the USD Index. Let’s start with the latter…
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The outlook for pension systems is growing increasingly dire. Promises made to retirees have been generous and they can only be kept if prices for all kinds of assets move consistently higher. The trouble is that the past three years don’t look like the first twenty years of the century…
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Something’s brewing and it doesn’t take a genius to see the signals and read between the lines… The three major stock indices, S+P 500, Dow Jones, and NASDAQ composite have had late afternoon declines five out of the last six trading days. The Dow Jones made a new all-time high on January 2, 2024 but the S+P 500 and NASDAQ Composite did not follow
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Some rallies – being breathers within declines – are not bullish. And that’s what we see in gold and silver today. Before moving to the precious metals sector, let’s take a look at the currency markets as what’s happening there is one of the key building blocks for the situation in the gold, silver and miners.
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Here in the United States, the annual inflation rate – as measured by the headline consumer price index (CPI) – reached above 9% in June 2022. At the time, it was the fastest annual inflation rate in nearly 41 years. Since then, the inflation rate has steadily subsided, coming in slightly north of 3% in November. Significantly better, to be sure… but still an issue
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There is an untold story in American monetary history. Some are reluctant even to discuss it. I’m referring to the U.S. Secret Service’s very own role in the destruction of sound money in America. As federal government central planners began circulating unbacked paper proxies, they formed a Gestapo-like police agency to enforce the scheme.
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Every time gold moves back up, the same question emerges – was that THE bottom? The key thing for gold is the massive weekly reversal that formed over two weeks ago, and we saw another weekly reversal last week. The implications are very bearish for the weeks to come…
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This week, Your News to Know rounds up the latest top stories involving precious metals and the economy. Stories include: A decade of gold in review, forecasters call for $2,200 gold in 2024 and physical gold bullion is coming to a retail store near you. With a decade of Your News to Know), we felt like doing an overview of the stories that stood out the most.
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The gold market is poised to make history in 2024. It enters the New Year within striking distance of new all-time highs. How high will gold go? Much depends on how low interest rates and the U.S. dollar go. The Federal Reserve ended its rate hiking campaign last fall. It is expected to pivot toward monetary easing later this year…
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Back when inflation was heating up to historic levels in July 2022, President Biden tried to downplay inflation as “unacceptably high” but “not as bad as it looks.” The truth was actually pretty dire back then, as an increasing percentage of Americans were struggling to afford putting food on their tables. In fact, they still are right now.
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Against the backdrop of high inflation rates and geopolitical uncertainty, states are increasingly enacting measures that encourage saving in precious metals and even using gold and silver as money. With five bills signed into law in 2023, sound money reforms are gaining momentum across the United States.
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There is a phrase you will hear a lot over the coming decade: Artificial Intelligence (AI). Not that you haven’t heard it already. But thanks to multiple major breakthroughs in 2017, like how language is used across different AI development efforts, innovation has accelerated at a breakneck pace. And there’s no sign of it slowing down.
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This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Reflecting on recent gold price changes, China’s obsession with safe-haven gold and could central banks break last year’s gold buying record?
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Demand for copper has been rising at bullion dealers. The number of products available has also risen dramatically in recent years. Mints and refiners are responding to increased demand with a wide variety of new copper rounds and bars with some interesting designs. The number of questions we get from clients has been rising, along with the interest.
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The pace at which the world’s central banks have been accumulating gold has been nothing short of relentless. Central banks bought more gold in 2022 than in any other year up to that point: 1,078 metric tons. And given the pace at which central banks are continuing to buy gold this year, it’s very possible 2023 will see a new record total
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Back in July, we reported on the Bidenomic “pay cut” of $5,600 per year that every American has suffered during Biden’s term. Unfortunately, the failures of Biden’s economic policies are starting to pile up. They’re almost impossible to ignore already. The media won’t be able to put a positive spin on it for much longer…
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We know it’s been an unfortunate year for fiscal management in the United States. The year has seen a contentious debt-ceiling standoff resolved in just the nick of time; a reduction in the nation’s credit rating for only the second time ever; and a budget stalemate leading to the removal of a House speaker from his job for the first time in history.
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Some say that war never changes, and in some aspects, that’s true. But markets’ reactions to war are also remarkably similar. What I’m going to start today’s analysis with is not something you’ll read in many places. Usually, analysts are either following just the technicals or just the fundamental aspects of a given market. But the true edge comes from…
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After testing new highs, gold is likely to move far, up or down. Previously, I wrote that the price of gold was about to decline after its massive reversal and that’s exactly what happened. The decline is now likely to continue, but there’s a good chance that we’ll see at least a small rebound from $2,000 or slightly higher levels.
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“The overwhelming interest in the 2023 Sound Money Scholarship was deeply heartening. At a time not only of high inflation and bank instability but also when states are advancing dozens of sound money bills, this fundamentally important issue is reaching an inflection point”
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