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Archive : Author

POSTED ON June 29, 2022  - POSTED IN Guest Commentaries

Ronald Reagan once said the most terrifying nine words in the English language are, “I’m from the government and I’m here to help.”

One of the biggest problems with government help is that it always comes at a cost. And the burden of that cost almost always falls on the very people that big government claims to help – the poor and middle class.

POSTED ON June 24, 2022  - POSTED IN Friday Gold Wrap

They tried to deny it for months, but now everybody knows we have an inflation problem. The president, Congress and all of the central bankers at the Fed are trying to find ways to solve this problem. But as host Mike Maharrey explains in this episode of the Friday Gold Wrap, all of their solutions are the equivalent of dumping buckets of water on a drowning man.

POSTED ON June 23, 2022  - POSTED IN Original Analysis

The Federal Reserve recently delivered the largest interest rate hike since 1994 in an effort to combat inflation that turned out to be not so transitory.

Economists and policy wonks continue to debate the effectiveness of these rate hikes in the face of historically high inflation, but what do they mean for you? Should you care about rising interest rates?

Here are three ways Fed rate hikes will impact your wallet.

POSTED ON June 23, 2022  - POSTED IN Guest Commentaries

After a weak swipe at inflation at its May meeting, the Federal Reserve delivered the biggest rate hike since 1994 at its June FOMC gathering. But is it enough to tackle persistently red-hot inflation?

Ron Paul doesn’t think so. He notes that the recent rate hikes have only raised rates to the level they were before the pandemic.

The Federal Reserve cannot increase rates to anywhere near the level they would be in a free market because doing so would increase interest payments to unsustainable levels for debt-ridden consumers, businesses, and the federal government.”

POSTED ON June 22, 2022  - POSTED IN Key Gold Headlines

As interest rates rise, the air continues to hiss out of the housing bubble.

Existing home sales tumbled to a two-year low in May. Sales fell to a seasonally adjusted 5.41 million units, according to the latest data from the National Association of Realtors. It was a 3.4% drop, bringing existing home sales to the lowest level since June 2020. May was the tenth consecutive month of year-over-year declines.

POSTED ON June 21, 2022  - POSTED IN Key Gold Headlines

A few years ago, CNBC commentator Jim Leventhal made a pretty astounding comment. When asked about gold, he said he had no interest in it because gold has no uses as a metal.

This is a pretty absurd statement. Gold has multiple uses. And it would probably have even more if it wasn’t so rare and expensive.

In 2021, gold demand came in at 4,666 tons. Where did all of that gold go?

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