The start of 2021 wasn’t successful for gold: after a few days of rally, the yellow metal entered a bearish trend. 2022 looks uncomfortably similar. Will the yellow metal resume its long-term bullish trend in 2022? Well, this is what a majority of investors that took part in Kitco News’ annual outlook survey believe…
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The Ship of Theseus is an old philosophical thought experiment and asks a question about identity. Suppose you replace all of the boards of a ship with new ones—is it still the same ship? We are not going to try to resolve this millennia-old paradox. Instead, we are going to add one more element, and then tie it to the monetary system.
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One of, if not the primary concerns of the stock market boom over the past two years is that it’s powered by printed money instead of a strong economy. Given that the U.S. stock market was already in its longest bull run in history prior to 2019, and that seemingly every analyst was already tapping a foot…
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Although your calendar may say otherwise, gold is in the 1960s. The question is whether we will move into the 1970s or speed-run to the mid-2010s. Did you go overboard with your time travel and lose track of time? Probably not, but just in case, I assure you that the current year is 2021.
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In this video, Devlyn Steele examines projections about this bill and its potential to harm America and American retirement accounts. It’s gratifying to see a United States senator going with his gut — using good sense instead of politics to determine whether a bill is good for the country or not.
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Will Inflation Crash the Economy in 2022? It’s understandable if you’re tired of hearing about rising inflation. But it has become an economic mainstay in the Biden Administration. And each month seems to bring fresh records not experienced in decades.
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Why Retiring In 2022 Could Be the Worst Decision of Your Life: If you were planning on retiring in 2022 or soon after that, thanks to several recent economic developments, now might be the worst time to do that…
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High inflation won’t go away in 2022. Good for gold. However, it is likely to continue to climb and reach its peak. That sounds a bit worse for gold. If 2021 was tough for you, I don’t recommend reading Nostradamus’ predictions for the next year. This famous French astrologer saw inflation, hunger, and much more coming in 2022…
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Welcome, my son. Welcome to the inflationary machine. Welcome to the new economic regime of elevated inflation. That’s official because even central bankers have finally admitted what I’ve been saying for a long time: the current high inflation is not merely a transitory one-off price shock…
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After the crazy year we’ve just had, one good question to ponder for a moment is: What does the U.S. economy look like as we head into next year? To answer that, this article will examine three sectors by looking at economic activity (including Wall Street), the inflation situation, and of course physical gold. So brace yourself…
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Santa Claus is coming to town! What will he give gold: a gift or a rod? Like most of 2021, gold has been rubbing against $1,800 this week but did not have the strength to permanently rise above this level thus, we could say that gold was rather naughty this year and doesn’t deserve gifts from Santa.
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Finally, Powell admitted higher inflation risks and gold jumped above $1,800. Before anyone noticed, however, it plummeted below the key level again. Who are you Mr Powell? A reptilian or a human? A dove or a hawk?
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The Producer Price Index (PPI) is a measure of inflation expectations by industry producers. Most investors keep an eye on the Consumer Price Index (CPI). However, the CPI gauge is not only incomplete, it is, as U.S. Global’s Frank Holmes likes to say, “backward looking”
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The Different Theories on What Moves Gold and Silver Prices: In the last Supply and Demand update, we discussed some different theories which attempt to explain what causes the gold and silver prices to move. We mentioned the:
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In this brief video, Devlyn Steele, Augusta’s on-staff Harvard-trained economist crunches some of the numbers relating to inflation. Last week, new inflation numbers came out and there’s a lot of discussion about whether the numbers are reliable…
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First a pandemic, then inflation, and now an energy crisis. Should you buy gold when preparing for the winter? Brace yourselves, winter is coming! Not only does gold lack energy to fuel its rally right now, but people from all over the world lack it to fuel their operations and to heat their houses…
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Through the Build Back Better Act (BBB), President Biden suggests he’s decided to close out his political career by trying to create a legacy of governmental progressivism the likes of which we’ve not seen up to this point in America.
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The Fed begins to get up steam and has finally turned its hawkish mode on. Was it something the gold bulls wanted to hear? The Fed’s full capitulation and unconditional surrender of the doves!
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The inflation beast is growing stronger. Unfortunately for gold bulls, we cannot say the same about the yellow metal. Is sacrifice going on tomorrow? November readings clearly falsify central banks’ narrative about transitory inflation (which was already partially abandoned) and confirm my claim that inflation will stay longer
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DoubleLine CEO Jeffrey Gundlach, who is perhaps best known as the “Bond King” for his legendary forays into the bond market, recently spoke about the current state of the markets and a preview of the new year. Gundlach’s primary forecast for gold is that it’s set to become a long-term hold despite a relatively quiet year.
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Consumer prices are rising at the fastest pace in 40 years. The official report for November showed an increase of 0.8% versus October (9.6% annualized) and 6.8% over the past twelve months. What’s more, the month-over-month increases show inflation accelerating.
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One thing is certain, inflation is no longer officially “transitory.” For months, Federal Reserve Chairman Jerome Powell kept telling the public that rising inflation was transitory, and would soon subside. It hasn’t, and isn’t likely to in the near future either.
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A recent survey of institutional asset managers revealed that 40% of those that don’t own gold presently plan to buy it within the next three years. The survey also found that 40% of those that do own gold right now expect to buy more of it within the same time period.
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I have good and bad news. The good is that the price of gold rose 2% in November. The bad – is that the price of gold rose 2% in November. It depends on the perspective we adopt. Given all the hawkish signals sent by the Fed and all the talk about tapering of quantitative easing a small increase is an admirable achievement…
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The Great Resignation Continues… Record numbers of Americans are quitting their jobs, which is putting a major strain on our economy and infrastructure. As one economist puts it, we’ve really met a once-in-a-generation ‘take this job and shove it’ moment.
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Mainstream media has been making a big deal about Social Security’s cost-of-living-adjustment (COLA) for next year. “Biggest jump since 1983,” according to at least one source. While it’s a fact that the 5.9% COLA is substantial when compared to prior years, once inflation is factored in, beneficiaries will experience “sticker shock.”
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As Bitcoin made new all-time highs in recent weeks, an increasing number of investors referred to it as the “new gold.” Cryptos are a far cry from hard money, however, and recent price action may be indicative of why.
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Investing in cryptocurrency definitely means taking on risks. There’s an inherent volatility in this new asset class. Every time Elon Musk tweets, the crypto marks might surge or plummet 20%. Further, there’s a definite flavor of the Wild West in cryptocurrency exchanges, an aura of reckless enthusiasm cloaked in mystique.
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