Where’s the inflation?
The Federal Reserve printed money for nearly a decade, and yet, inflation – as measured by the government – has been “muted.”
Gold is poised to join the “all-time-highs” club in the upcoming decade.
No, this isn’t the musing of some gold-bug. It’s analysis from a pretty mainstream source — Bloomberg Intelligence.
Stocks have set new records over the last several weeks and the dollar hit 2-year highs this fall. But writing in the commodity outlook, Bloomberg Intelligence senior commodities strategist Mike McGlone made the obvious point that stocks and the dollar can’t go up forever. When the tide turns, the reversal could boost gold to all-time highs.
America’s economy is built on consumption. Average Americans have been pushing the US economy along, spending money they don’t have. But as we’ve reported, there are signals that the credit cards might be close to maxed out. Now there appears to be another warning sign – the wealthy are reining in their spending.
Poland has repatriated 100 tons of gold from England. National Bank of Poland Governor Adam Glapiński announced the yellow metal’s return home on Monday.
“The gold symbolizes the strength of the country,” Glapiński told reporters.
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.
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.
Improving investor sentiment will drive silver prices higher.
This was the conclusion drawn from the Metals Focus/Silver Institute Interim Silver Market Review. Metals Focus director Philip Newman presented the data during the Annual Silver Industry Dinner hosted by the Silver Institute. His presentation featured historical supply and demand statistics and provisional estimates for 2019.
When the Federal Reserve started cutting interest rates last summer, the price of silver surged. The white metal rose 35% and peaked at close to $20 an ounce.
Silver has given back some of those gains in recent weeks, primarily due to optimism about a possible trade deal with China. But fundamentally, nothing in the economy has changed. The Fed is still engaging in extraordinarily loose monetary policy. We continue to see shaky economic data. And despite all the talk, the trade war drags on.
With the spot price down, for the time being, this is silver on sale. And right now, SchiffGold has a great opportunity for you to take advantage of this bargain.
Back in 2017, the IMF published a creepy paper offering governments suggestions on how to move toward a cashless society even in the face of strong public opposition. It hasn’t been in the news a whole lot lately, but the war on cash undoubtedly continues. In fact, the Chinese Communist Party (CCP) may be planning to embrace the idea as another weapon to wield against its people.
In August, the People’s Bank of China said it was close to launching a digital yuan. This could take the first step toward pushing China toward a cashless society.
Seeking financial and economic safety and stability, Serbia has joined the global central bank gold-buying spree.
National Bank of Serbia Governor Jorgovanka Tabakovic recently announced that the bank purchased nine tons of gold in October, raising the country’s reserves to just over 30 tons.