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

Archive : Author

POSTED ON December 2, 2019  - POSTED IN Guest Commentaries

On several podcast episodes, Peter Schiff has talked about the warning signs we’re seeing on Wall Street through the struggles of so-called unicorn companies.

Unicorns are privately held companies valued over $1 billion. Companies like Lyft, Chewie, Uber and WeWork were the darlings of WallStreet. Their IPOs were much-anticipated by investors. They are also the poster children for easy-money induced market mania, and their IPOs were crucial for maintaining the bubble.

In particular, the demise of WeWork’s much-anticipated IPO provides a good object lesson revealing the problems of the Federal Reserve’s easy-money policy.

POSTED ON November 29, 2019  - POSTED IN Fun on Friday

So, did you go Black Friday shopping this morning?

I didn’t. In fact, I have never gotten up to join the Black Friday hordes. There isn’t a Walmart deal that can entice me to go shopping at 5 a.m. I like to sleep more than I like saving a few bucks. Not only that, I worked at Toys R Us in my younger days and once had to break up a fist-fight over a Power Ranger on Black Friday. It’s scary out there. You need to be careful.

POSTED ON November 29, 2019  - POSTED IN Friday Gold Wrap

Stock markets hit new highs again this week. If you believe the headlines, the bullishness on Wall Street is mostly a function of trade deal optimism. But there’s another factor driving stocks higher – easy money courtesy of Federal Reserve (not) quantitative easing. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the impact QE4 is having on the markets and some delicious irony courtesy of a paper published by the central bank that admits its own policy might just be a problem.

POSTED ON November 25, 2019  - POSTED IN Key Gold Headlines

How much more can the auto loan bubble blow up before it pops?

Total auto loans and leases outstanding for new and used vehicles increased by another 4.3% year-on-year in the third quarter, according to the latest data from the Federal Reserve. This was a factor in pushing total American consumer debt to a new record of $4.15 trillion in September.

Meanwhile, auto loan delinquencies are surging.

POSTED ON November 25, 2019  - POSTED IN Key Gold Headlines

Which countries produce most of the world’s gold?

Gold mine output has flatlined over the last several years and that trend appears to be continuing in 2019. Gold production rose fractionally in 2018 by about 1% totaling 3,346.9 tons. That compared with 3,318.92 tons mined in 2017  — a modest 28-ton increase year-on-year. According to the World Gold Council’s Gold Demand Trends Q3 report, on a year-to-date basis, mine production ended the third quarter at 2,583 tons. That’s virtually identical to production levels at this point in 2018.

POSTED ON November 22, 2019  - POSTED IN Fun on Friday

Remember a couple of months ago when I told you about the stolen toilet? Well, they still haven’t found it.

For those of you who missed that one, you’re probably wondering why on earth anybody would steal a toilet. Well, it was made out of gold. Eighteen-karat gold to be precise. The golden potty was valued at about $6 million. Theives stole it from the Blenheim Palace in England.

POSTED ON November 22, 2019  - POSTED IN Friday Gold Wrap

It’s been a pretty dreary week on Wall Street with another round of trade war pessimism. Otherwise, there hasn’t been a lot of economic news to roil markets and precious metals have remained pretty much rangebound. But host Mike Maharrey has a silver lining for you on this episode of the Friday Gold Wrap podcast, along with a little Fed analysis.

Call Now