Top Investment Banks Forecast Rising Gold in 2024 and Beyond
Leading investment banks forecast gold heading well into record territory, with Citi stating De-dollarization could be key to $3,000 gold in 2025. Those familiar with the movement of precious metals prices likely are familiar with gold’s historical interest-rate sensitivity and how changes in rates can impact prices…
Full Article →Question: I’d like to invest in gold but I’ve got really hung up on when is the right time to buy, suffering from a bad case of analysis paralysis. I thought we were at a market high at $1800 and so I waited and now it’s at $2050 – what would you do? Timing markets is hard!
Full Article →Bad Commercial Real Estate Loans Strain Banking System
The commercial real estate market continues to deteriorate in this high-interest rate environment, putting stress on the banking system. The dollar amount of bad commercial real estate loans has ballooned beyond the loss reserves held by big banks to cover them as more and more borrowers struggle to keep up with payments.
Full Article →Stocks Try Again, But Gold Price Doesn’t
Nvidia surprised positively and it soared in overnight trading as well as in the early market trading. And while it managed to take stocks higher, it didn’t take gold higher. The S&P 500 index futures are up, and they moved close to their previous highs without breaking them. In other words, it’s “here we go again” on the stock market.
Full Article →Question: I want to invest in gold but am uncertain how much gold to buy. What proportion of my portfolio would be best held in gold? Alexander in Florida asked a very common question and there are two ways to answer, one very short and one far longer. The short answer is…
Full Article →Recession Alert: Biden Wants You to Ignore This
What the Tsunami of Corporate Layoffs Really Means. There are so many signals that point to the possibility of entering a near-term recession, they are hard to ignore. But let’s look at the economic situation in this country from another perspective: What if the United States is already mired in a long recession that might have started earlier?
Full Article →Assembly Bill 29, primarily sponsored by Rep. Shae Sortwell, just passed out of the State Assembly by a bipartisan vote of 86-12. This popular bill is cosponsored by almost two dozen other legislators and enjoys wide support – and would align Wisconsin with the policies of 43 other U.S. states.
Full Article →Question: Is Bitcoin the New Gold? My husband and I were looking to add some gold to our modest portfolio but some friends said to forget gold and buy Bitcoin as it’s the ‘new’ gold, saying there’s much more potential for profit. Are they right? Is Bitcoin a natural successor to gold?
Full Article →The Gold-to-Silver Ratio Is Screaming BUY at Investors
This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: The gold-to-silver ratio makes silver look incredibly attractive right now, China’s motives for under-reporting its gold reserves and gold has become America’s most popular investment.
Full Article →Chinese Wholesale Gold Demand Sets January Record
Chinese gold demand kicked off 2024 with a bang. Wholesale gold demand set a record in January. Meanwhile, assets under management by Chinese gold ETFs reached an all-time high. China ranks as the world’s top gold consumer, and Chinese demand has a significant impact on the global gold market.
Full Article →Question: I am looking to open a Gold IRA but am overwhelmed with choices, not helped by every company’s claims that they are number one.
What separates a good gold IRA company from an average or bad one? What should I look out for?
Fed Bank Bailout Program Ends March… Then What?
The bank bailout program established by the Federal Reserve in the wake of last spring’s banking crisis is scheduled to shut down on March 11. Then what? There are a lot more questions than answers. For instance, will the Fed blink? And if it doesn’t, how will the end of the bailout ripple through the financial system?
Full Article →Could Central-Bank Demand Return Gold to Global Mainstream?
Recently, we’ve spent time examining the phenomenon – probably not too strong a word – of gold staying strong in spite of interest rates that have not merely risen, but soared. From March 2022 through July 2023, the Federal Reserve hiked America’s benchmark interest rate, the federal funds rate, 11 times, a total of 525 basis points.
Full Article →The American Dream Is Dead, And THIS Is What Killed It
The total amount of publicly held debt in the United States is nearing $34 trillion. The historic and unsustainable pace that it has piled up over the last decade is insane. In addition, GDP can’t keep up with the pace that debt keeps piling up. Expressed officially as the ratio of Public Debt to GDP, that sits at a record 120% – and it’s still rising.
Full Article →Question: I am thinking of buying a home and offset some of the down payment by using gold bullion as collateral for the mortgage. Can you recommend a Bank in the USA that would consider a combo down payment?
Full Article →US to ‘Save’ Social Security (By Raiding Savings)
It’s a well-known fact by now that the Social Security Trust Fund is in big trouble. It’s also a fact that without a reasonable solution by 2034, retirees will face a serious reduction (20-25%) to their monthly Social Security benefit. The last time the trust fund was depleted like this was back in 1982.
Full Article →US Government Runs Another Deficit Despite Record Revenue
The federal government’s budget deficit was “only” $21.93 billion in January. That was a significant improvement over the $129 billion shortfall recorded in December. The smaller deficit was primarily due to increased government receipts thanks to a big drop in tax refunds. But the Biden administration is still spending like a drunken sailor.
Full Article →The Incoming Gold Shortage Nobody Is Talking About
This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: How a slight rebalancing to savings could shake the gold market, more bullish forecasts for gold and gold’s movement other currencies hints at its future trajectory. Will there be enough gold to go around?
Full Article →Russia Turns to Gold to Raise Cash and Skirt Sanctions
Russia has reportedly used gold to evade currency restrictions put in place as part of economic sanctions levied in the wake of the invasion of Ukraine. Under the sanction regime, Russian banks are prohibited from importing dollars or euros into the country, enforced by locking Russia out of the SWIFT network
Full Article →Powell Scolds Biden “The Debt is Unsustainable”
There really is no way to sugarcoat the current debt trend. It’s already insane (and it’s going to get worse) Following is even more data that further confirms the fact that the total debt load for the American economy is unsustainable. The debt also appears to have caught the attention of central bankers (in a meaningful way this time).
Full Article →Egypt Turns to Silver to Hedge Against Inflation
With gold prices skyrocketing in their local currency, Egyptians are turning to silver to protect their savings from skyrocketing inflation. According to a Reuters report, surging prices and a weakening currency have driven the price of gold to record high levels. In order to protect their wealth, many are turning to silver as a more affordable alternative.
Full Article →Commercial Real Estate Woes Challenge Banking System
In March 2023, the world became reacquainted with a measure of the anxiety felt during the financial crisis, when the global banking system destabilized. Last spring, in a span of less than eight weeks, four regional U.S. banks closed when fast-rising interest rates sharply reduced the value of the U.S. Treasury securities into which they’d heavily invested…
Full Article →Junior Miners Just Broke New Lows – Will Gold Follow?
What a beautiful and profitable breakdown in junior miners! And that’s not all! This part of the bigger decline is just starting, so junior miners still have some room to fall. Gold, silver, and the S&P 500 futures are calm in today’s pre-market trading, but don’t let that fool you – the market is about to slide once again.
Full Article →A Banking Crisis Is Quietly Brewing
The Federal Reserve’s most recent policy statement came with a curious omission. Fed officials removed language from previous statements that proclaimed “the U.S. banking system is sound and resilient.”
That begs the question: Is the banking system no longer sound and resilient?
Global Currency Shift as Dollar Cannibalizes Itself
This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Global de-dollarization as a major driver of gold prices, gold demand statistics for 2023, and how silver is becoming more industrial by the day. A safer safe haven: The U.S. dollar is losing ground to gold…
Full Article →Analysts Ponder Metal’s Strength During Rate Surge
The prospect of interest rates reversing direction and declining after nearly two years of a steady surge upward has a lot of people brimming with excitement. Among them are those with a strong affection for gold, who know it and other precious metals can respond well during periods of monetary policy that tend to weaken the dollar.
Full Article →Gold Price Forecast for February 2024
Forecasting gold prices is not difficult if you focus on the right things. The key is knowing what. Many people are interested in commodity prices, but few know in order to predict the prices of gold, it’s great to actually analyze mining stock values. But you knew, and were not caught by gold’s fake intraday and overnight rallies in the previous days.
Full Article →“Tax Relief Act” Exposed: Something’s Ominous…
As it stands right now, it appears like Biden’s entire first term will have been plagued by varying degrees of unacceptable price inflation. No matter how the corporate media spins it, he just can’t seem to lead the country out of this persistent economic trend. The rate of price inflation is easing, but core inflation remains at a pace not seen since the early 1990s.
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