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Can the economic health of the nation’s largest cities tell us anything about the health of the greater economy? Perhaps. On Tuesday, Moody’s downgraded Chicago’s credit rating to junk level. The downgrade comes in response to the city’s growing pension liabilities, paired with a new Illinois state court ruling that public pensions cannot be cut […]
The World Gold Council (WGC) released its Gold Demand Trends report for the first quarter of 2015. The WGC considers 2014 a year of stabilization for the gold market, and the the first quarter of the year saw this trend continue. The supply-demand picture for gold remained relatively unchanged. However, looking to the rest of […]
The use of silver in emerging technologies, particularly solar energy production, sets the stage for surging demand and rapidly rising silver prices in the future. That means the silver market provides some great opportunities for investors. According to a report in The Telegraph, analysts expect the demand for solar energy to increase 30% in 2015 […]
The latest US government data shows a record number of Americans renounced their citizenship in the first quarter of 2015. A total 1,337 Americans gave up their passports during that time. That’s almost 40% of the 3,415 in the entirety of 2014. That 2014 figure was an all-time record, following a record 2013 with 2,999 […]
Peter Schiff spoke briefly with Ben Bernanke at the SkyBridge Alternatives (SALT) Conference yesterday. Approaching the former Federal Reserve Chairman, Peter warned, “In full disclosure, I’m your biggest critic.” Bernanke didn’t miss a beat: “You have a lot of competition.”
What do precious metals experts know about silver that you don’t? The white metal has far more upside potential than gold. Silver’s unique qualities are convincing many investors to allocate a large portion of their precious metals holdings into the white metal. And with the silver price touching cyclical lows, now is a great time […]
Swiss Gold Exports to China & India Doubled Bloomberg – Exports of Swiss-refined gold to China and India doubled in March to 46.4 metric tons and 72.5 tons respectively. This is the highest monthly data since January 2014, according to the Swiss Federal Customs Administration. Much of the gold is coming from the United Kingdom, which […]
The war on cash is a growing collection of laws and banking regulations that discourage or prevent citizens from doing business in physical currency. Last month, we reported on new laws in France that will limit the size of cash transactions. On a smaller scale, the state of Louisiana has recently made it illegal to […]
Yesterday a British stock trader was arrested on criminal fraud charges for stock market manipulation. The Commodity Futures Trading Commission and the United States Department of Justice accused Navinder Singh Sarao of single-handedly triggering the “flash crash” of May 2010. During this crash, the Dow Jones Industrial Average plunged about 600 points in just minutes, […]
According to Bloomberg Intelligence, China’s gold bullion reserves may have tripled since its last official report in 2009. Bloomberg estimates that the People’s Bank of China could now own as much as 3,510 metric tons of the metal. If true, China now has the second largest store of gold in the world, following the United […]
