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No matter what kind of negative economic data comes out, President Obama, central bankers, and media analysts gloss over it and point to the “great” jobs numbers as evidence the US economy is doing well. But in reality, it’s all smoke and mirrors. Last Friday, the media reported “better than expected” labor numbers with more […]
The world’s largest asset manager has temporarily suspended the creation of new shares of its gold ETF due to the demand for physical gold. BlackRock announced it would temporarily stop issuing new shares of Gold Trust (IAU) on Friday: Since the start of 2016, in response to global macroeconomic conditions, demand for gold and for […]
Media and government officials keep telling us the economy looks great, but a peek behind the curtain tells a different story. Some people do see the writing on the wall. Peter Schiff has been saying the US may well have already entered a recession. Last month, Jim Grant echoed Peter, saying the US economy likely […]
Just a few months ago, mainstream analysts were calling gold a “barbaric relic.” Now all of a sudden, they are saying, “Buy gold!” Last Friday, Deutsche Bank issued a note asserting that with emerging economic risks and market turmoil, signs point in gold’s favor: There are rising stresses in the global financial system…Buying some gold […]
The demand for gold and silver bullion coins surged in the last half of 2015, and it has not abated so far this year, despite a rally in the price of both metals. Last year, demand was so strong the US Mint sold out of American Silver Eagles in July. Inventory was replenished in August, […]
After a tepid first half of 2015, demand for gold rallied during the last half of the year, despite a number of economic and external factors working against it. According to the World Gold Council’s Gold Demand Trends Full Year 2015 a surge in demand during the fourth quarter turned around what was looking to […]
Central bankers want you to think they have all the answers. They talk about their policy “tool kits” as if they can just reach in and find the proper solution for any possible economic scenario. But if you peer behind the curtain, it becomes apparent they may not really know what they’re doing after all. […]
With four states officially in recession, and economic data continuing to point toward a broader downturn, it’s getting increasingly difficult for officials to sell the illusion of a strong US economy. Peter Schiff has been saying for weeks that the US may already be in a recession. Recently, Jim Grant appeared on CNBC’s Closing Bell […]
Could the student loan bubble be on the verge of popping? If desperate government actions serve as any indication, it may well be. Last week, seven US Marshals armed with automatic weapons came to Paul Aker’s home in Houston to arrest him for a $1,500 student loan debt dating back to 1987. According to the […]
The war on cash heated up this week when a former Obama economic adviser/ex-Treasury secretary floated the idea of eliminating the $100 bill. Lawrence Summers called for death to the Benjamins in a post on his Washington Post blog titled It’s Time to Kill the $100 Bill. The post announced the release of a paper […]
