If you had dreams of retiring soon, perhaps even next year, and starting your “dream retirement” off on the right foot … you could be in for a bit of a nasty surprise.
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Kicking the can down the road is the new national pastime. Every time the government’s bills come due, officials at the Treasury Department find creative ways of paying them with money they don’t have.
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The large majority of the nation’s spending, and wealth, is handled by people who don’t have much in common with gold bugs – at least not yet. Let’s start with some data.
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New, heavy-handed IRS and Federal Reserve controls along with other threats to financial privacy highlight the importance of holding wealth outside the banking system.
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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…
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Strong Demand Pushing Bullion Premiums Higher Again. The best time to buy gold and silver was before the world began its slide into insanity. The second best time to buy metals may be now.
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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
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Because as humans we like to place significance on certain numbers, I’m taking this milestone moment to announce some exciting changes coming to Bullion.Directory – and to start things off, we’re moving domains!
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Would you rather enter the battlefield with physical gold and silver -encased in a metaphorical Abrams M-1 tank – or “armed” only with a sheet of paper showing you have unallocated pile of metals, possibly maybe.
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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.
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The post-COVID inflation surge that was supposed to be “transitory” is looking a lot more permanent. On Friday, the Bureau of Economic Analysis Friday released data on Personal Consumption Expenditures (PCE), the Federal Reserve’s preferred inflation gauge.
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A prominent U.S. Senator just called the head of the nation’s central bank “dangerous.” Unfortunately, the true dangers of U.S. monetary and fiscal policy were lost on everyone involved. On Tuesday, Federal Reserve Chairman Jerome Powell testified before the Senate banking committee…
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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.
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Washington DC politicians are busy cobbling together yet another bi-partisan bill to raise the federal borrowing limit. Congress imposed the debt ceiling on itself in 1917 – Democrats and Republicans have worked together to circumvent it ever since.
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A leader of the crypto revolution is borrowing dollars. Without any awareness of the irony, crypto promoters say that this validates crypto. That a crypto company borrowed dollars supposedly validates crypto. Think about it, take as long as you need.
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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.
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Credit risk out of China and debt ceiling drama in Washington are driving precious metals markets this week. Gold and silver attracted some significant safe-haven buying as equity markets succumbed to selling.
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America’s central bankers are tasked with impartial oversight over aspects of the American economy. But could these individuals be making decisions on interest rates and bailout operations based on what is best for their own personal investment portfolios?
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The gold and silver futures markets were designed to increase volatility and discourage physical ownership of precious metals, as revealed in 1970s-era disclosures. The futures markets have also created opportunities for manipulation.
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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).
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There is a pattern we see often in both metals. Price weakness tends to be driven by futures speculators liquidating positions. This means that the metal becomes scarcer. It stops going into the warehouse. Instead, it can begin coming out if it gets scarce enough.
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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.
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In addition to the white metal’s growing uses in high-tech and alternative energy industries, some silver bulls are banking on rising bullion demand by retail investors and a possible reinvigoration of its use as currency…
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“Bond King” Bill Gross warns that stocks and bonds could become tantamount to garbage. Gross sees inflation, coupled with waning demand for Treasuries by foreign central banks, forcing bond yields to rise.
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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…
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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…
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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.
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A few recent articles bring to the public’s awareness that wealthy investors are preferring not to sell their assets, and thereby pay capital gains taxes. Instead, they borrow against them, on margin…
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