Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)

Archive : Author

POSTED ON August 24, 2022  - POSTED IN Key Gold Headlines

President Biden is expected to announce student loan forgiveness on Wednesday (Aug. 24). The plan will reportedly cancel $10,000 in student loan debt for anybody making less than $125,000 per year.

A lot of people think this is like waving a magic wand — poof — the debt is gone. But somebody has to pay and that somebody is the American taxpayer.

POSTED ON August 18, 2022  - POSTED IN Original Analysis

The mainstream has suddenly discovered price movements impact retail sales.

For months, retail sales generally came in higher than expected. And for months the mainstream financial punditry ignored inflation and told us this signaled a strong economy. But in July, retail sales unexpectedly fell flat. Now the mainstream financial punditry claims this signals a strong economy.

POSTED ON August 17, 2022  - POSTED IN Original Analysis

Fifty-one years ago this week, President Richard Nixon slammed shut the “gold window” and eliminated the last vestige of the gold standard.

Nixon ordered Treasury Secretary John Connally to uncouple gold from its fixed $35 price and suspended the ability of foreign banks to directly exchange dollars for gold. During a national television address, on Aug. 15, 1971, Nixon promised the action would be temporary in order to “defend the dollar against the speculators,” but this turned out to be a lie. The president’s move permanently and completely severed the dollar from gold and turned it into a pure fiat currency.

POSTED ON August 15, 2022  - POSTED IN Original Analysis

The US government is addicted to spending money. And the Federal Reserve is Washington DC’s pusher.

When we talk about inflation, we usually focus on money creation by the Fed. After all, that is the definition of inflation. But the Fed has to keep creating money in order to monetize the massive federal deficit. And until Uncle Sam gets his spending problem under control, inflation will never truly abate.

There is no sign the US government is going to get its spending problem under control. Last month, the feds ran the second-largest July budget deficit in history.

POSTED ON August 10, 2022  - POSTED IN Original Analysis

As expected, the Consumer Price index cooled a bit thanks to falling gasoline prices. The question is will this give the Federal Reserve the excuse it needs bow out of the inflation fight?

The Consumer Price Index for July was up 8.5% year-on-year. That was down from June’s 9.1% print and slightly below the 8.7% expectation. Of course, an 8.5% increase in prices over the course of a year is still extremely hot.

Call Now