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A large bipartisan contingent of Wisconsin legislators have reintroduced legislation seeking to end Wisconsin’s outdated practice taxing purchases of gold and silver.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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Which of the following is better for trading gold? The physical metal, gold ETFs or Gold CFDs? Brian in London wrote asking for recommendations as to the best gold trading vehicle, looking at trading physical metals, Exchange-Traded Funds (ETFs) and Contracts for Difference (CFDs).
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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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In an unexpected twist to the typical Ghanaian advance fee scam using gold as the bait, Bullion.Directory UK has now become an unknowing ‘headquarters’ for this fraud. Here’s today’s example from our ‘affiliate’ Eric Gillibrand (and there’s no way this is his actual name)
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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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Question: I want to jump on the Gold IRA bandwagon but am struggling with how much I’d need in gold to properly hedge my other investments. What would you say is a minimum or maximum? What other factors will eat into my investment?
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Amelia in Minnesota is wondering what the differences are between numismatic, collectible and ancient coins – and if there are any risks to look out for as a new investor. In the world of gold and silver investment, precious metal coins aren’t always simply coins. They can be gateways to history, art – and sometimes – a tidy profit.
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Marc in New Jersey asked several questions related to difficulty in finding options for setting up an offshore gold IRA. And he’s right – things have changed over the past few years. Offshore gold IRAs were a huge boom a few years ago, thanks to aggressive marketing by one particular company and an inevitable rush of copycat competitors
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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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Mark in the UK asks the best ways to determine the authenticity of a precious metals investment. There are a lot of fake bullion bars and coins out there and they are becoming increasingly hard to spot as the price of precious metals reach new all-time highs and criminals up their games to keep the profits flowing.
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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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Remember when I told you that junior miners are likely to decline significantly when stocks decline? That just happened. To a small extent, but still. This means that when the stock market moves much lower, junior miners are likely to slide in a major way, too, creating great profits for us. Let’s take a look at what happened.
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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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