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Could America go the way of Greece? Most people don’t seem to think so. In fact, proposing that US policy could lead to a Greek-like meltdown will still elicit incredulous eye-rolls in most circles. But some of the structural problems that led Greece down her road to ruin already exist in the United States, especially […]
Fund managers are starting to view gold as a bargain. According to Business Insider, in its latest survey of fund managers, Bank of America Merrill Lynch found the majority view gold as “undervalued.” In fact, this is the first time since 2009 that fund managers have marked gold as a good buy. By Bank of […]
I like chocolate. In fact, I like it a lot. That said, I sure wouldn’t pay $150 for a chocolate bar. But apparently a lot of Americans value chocolate about that much, or they simply don’t understand the value of precious metals. A few weeks ago, Mark Dice tried – and failed – to sell […]
Supporters of a $15 per hour minimum wage continue to insist that it won’t impact employment. But the economic problems underlying the Puerto Rican debt crisis tell a different story and provide a possible glimpse into America’s future if the country continues down that path. Last month, Puerto Rico Governor Alejandro García Padilla announced that […]
The United States Mint announced Tuesday that it has temporarily sold out of 2015 American Eagle silver bullion coins. According to a Reuters report, demand for silver has surged due to low prices and uncertainty due to the Greek crisis. According to Reuters, “dealers attributed the recent rush to purchase silver coins and bars to […]
If I want 100 pennies, all I have to do is go to my local bank and plop down a $1 bill. But if I want plastic pennies, now that will cost me some real dough – $3.49 to be exact. Who would have thought there was money to be made in toy pennies? A […]
Ken Hoffman, Global Head of Metals & Mining Research with Bloomberg Intelligence, spoke with Kitco News about the possibility of China putting its yuan currency on a gold standard. Hoffman emphasized it is not difficult to imagine, because China has been laying the groundwork for years – buying up gold, starting a gold bank, building extra […]
Conventional wisdom holds that “you can’t have your cake and eat it too.” That is unless you live under a socialist government in cahoots with central bankers. Then you can have all the cake you want and eat it to your heart’s content. Until, of course, you run out of other people’s cake. The crisis […]
Have you heard the news? Greece has defaulted and is facing complete financial meltdown. European banks are exposed to Greek sovereign debt, and US banks are exposed to European banks. As we saw in 2008, it only takes one domino to fall (Lehman) to threaten the entire global financial system. Don’t panic. SchiffGold has compiled […]
In a popular referendum yesterday, Greeks voted to reject further European financial aid in exchange for more austerity. Despite promises to the contrary, Greek banks remain closed, allowing account holders to only withdraw a meager daily maximum of €60. Greek Finance Minister Yanis Varoufakis has resigned. Greece will meet with its creditors tomorrow and try […]
