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Key Gold Headlines

POSTED ON October 7, 2019  - POSTED IN Key Gold Headlines

Interest in silver investment has increased significantly in recent months. According to a report commissioned by the Silver Institute and put together by Metals Focus, silver investment has increased across a range of available instruments including physical metal, exchange-traded products (ETP) and in the futures markets.

Increased market volatility, a return to easy-money policies by central banks, geopolitical uncertainty and deteriorating economic conditions have spurred investment in safe-haven assets including silver. The silver price began the year at $15.44 per ounce. As of the end of September, the white metal was up 11%. Silver posted a yearly high of $19.30 on Sept. 4, a level not seen since 2016.

POSTED ON October 3, 2019  - POSTED IN Key Gold Headlines

During his podcast earlier this week, Peter Schiff said “the party is over” in the stock market. As if on cue, the Dow Jones is off to the worst start in a quarter since the 2008 financial crisis.

The Dow plunged 494.4 points on Wednesday, a 1.86% decline. Combined with Tuesday’s 343.7 point drop, the Dow is down more than 3% in two days. The 800-plus point slide is the worst start to a quarter since the last three months of 2008. In the fourth quarter of that year, the Dow fell 19.4%.

POSTED ON October 2, 2019  - POSTED IN Key Gold Headlines

The Federal Reserve isn’t the only central bank cutting interest rates. In fact, the world is awash in easy money.

The Fed met market expectations during the September FOMC meeting and lowered interest rates another 25 basis points. It was the second cut of the year and pushed the interest rate down to the range of 1.75 – 2%. Meanwhile, the European Central Bank took a decidedly dovish turn over the summer. It has even hinted at another round of “shock and awe” stimulus.

And it’s not just the big central banks slashing rates.

POSTED ON October 1, 2019  - POSTED IN Key Gold Headlines

The percentage of US dollars held as currency reserves globally dropped to the lowest level in nearly six years in the second quarter of 2019 according to the latest IMF data. Meanwhile, Chinese yuan made up the biggest percentage of reserves ever.

The dollar’s shrinking share of global reserves comes as countries like Russia and China move toward de-dollarization in an effort to undermine the ability of the US to weaponize the dollar as a foreign policy tool. The global gold rush on the part of central banks is part of this movement.

POSTED ON October 1, 2019  - POSTED IN Key Gold Headlines

The Fed did exactly what markets expected during the September FOMC meeting and lowered interest rates another 25 basis points. It was the second cut of the year and pushed the interest rate down to the range of 1.75 – 2%.

And yet we’re told that this is the economy is “great.”

What gives? Economist Robert Murphy said things might not be so great. In fact, it appears the central bank has basically put the economy on life support.

POSTED ON September 30, 2019  - POSTED IN Key Gold Headlines

The federal government continues to pile up debt at a staggering rate. In August alone, the US government added $450 billion to the national debt. But Uncle Sam isn’t the only one who doesn’t have enough money to pay his bills. Forty state governments are also drowning in red ink.

Total state government debt now stands at $1.49 trillion with 40 states lacking sufficient funds to pay their bills according to Truth in Accounting’s (TIA) Financial State of the States report.

POSTED ON September 26, 2019  - POSTED IN Key Gold Headlines

The fiscal year budget deficit surged passed $1 trillion last month. Spending deficits necessarily mean more government borrowing and we’re seeing that in the numbers as well. Uncle Sam’s outstanding public debt grew by $450 billion in August alone.

The national debt stood at $22.02 trillion on Aug. 1 and surged to $22.47 trillion as of Aug. 27.

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