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The Fed’s been looking for new friends this week, tuning out the haters and struggling to convince the public about potential rate hikes. Check out their follies below! Flip-Flopping Fed Gets No Credibility from Market A market that doesn’t care about the direction the Fed wants to take us can be a recipe for a firestorm. […]
Bloomberg recently reported the safe depository company, Malca-Amit, is seeing a 90% jump in demand for storage of precious metals and stones in its Singapore-based branches. It’s hardly surprising given the 26% increase in gold and 37% rise in silver prices year-to-date. Like the rise in any metal, high prices are spurring many to dig […]
The US Federal Reserve Presidents have been busy this week, flexing their speculative muscles and antagonizing the markets. In case you missed it, here’s everything they’ve been up to in the past seven days. Global Banks Abandon US Bonds: Largest Selloff since 1978 In total, $192 billion of US Treasury bonds have been dumped off […]
Yesterday was the end of some short-lived rallies as stocks fell back from their record highs and the dollar index retreated back to pre-Brexit lows. In the long term, these changes are showing the dollar continues to lose its purchasing power due to central banking’s bad fiscal policy. As the dollar declines, gold prices are […]
Several economists for the International Monetary Fund (IMF) recently expressed concerns about moving interest rates into negative territory. They believe it could backfire on the European Central Bank (ECB), making banks less profitable overall and reducing lending.
Each week there are plenty of new reasons to get fed up with our beloved central bank. Here’s what they’ve been up to in the past seven days. Ben Bernanke: Uncertainty Could Lead to No Rate Hike until 2017 On Monday, former Fed Chair Ben Bernanke laid out his thoughts on how the rest of […]
The price of gold is up 26% for the year so far. Overall, the price increase is beginning to change investor portfolios, as more people consider buying gold and other precious metals. However, the hike in gold prices is also starting to influence governments and cultures all over the world, from Japan scouring the ocean […]
Unlike re-printable fiat currency, gold is money because there is a finite amount of it. The Fed can’t produce more gold whenever it wants. For this reason, gold has functioned as a barter and wealth preservation system for thousands of years. But how much gold is left in the earth? What will happen to the […]
Despite the better than expected non-farm payroll reported, many are skeptical of the 255,000 “created” jobs the Bureau of Labor Statistics (BLS) reported last Friday. In a CNBC interview, Dennis Gartman, Founder, Editor and Publisher of The Gartman Letter, expressed some doubt on how well these reports gauge the health of a growing US economy. […]
Lately, there’s so much gold stockpiled by governments and investors, someone should pitch a new reality TV show called Gold Hoarders. But rather than poor agoraphobics maddeningly piling up old newspapers and canned food, the show would feature smart individuals like Bill Gross who have the foresight to see the writing on the wall. The […]
