Get the latest headlines, market analysis, and original content from SchiffGold.
Some things never change — such as the federal government spending more money than it has month after month after month. August was no different. The US government ran a massive $219.6 billion budget deficit last month, according to the latest Monthly Treasury Statement. That nudged out July as the second-largest monthly deficit in fiscal […]
The recent death of Queen Elizabeth II is squeezing gold and silver bullion coin markets that were already strained by tight supplies. There was an immediate and dramatic surge in demand for gold and silver bullion coins bearing the queen’s effigy upon her passing. According to News.com.au in Australia, “Collectors are scrambling to get their […]
American consumers continue to cope with rising prices and prop up the sagging economy using their credit cards. Total consumer debt rose another $23.8 billion in July to a record $4.644 trillion, according to the latest data from the Federal Reserve.
Everybody knows that the best time to shop is during a big sale. Well, with a spot price under $19 an ounce, silver is a bargain. For the next week, you can take advantage of the lowest silver spot price in years, and we’ll even sweeten the deal with free silver with qualifying orders.
Did you know the Biden administration is still handing out COVID-19 stimulus money? In fact, there are still billions of dollars in pandemic aid sitting in various federal and state government accounts waiting to be handed out.
Central banks’ appetite for gold remained robust in July according to the latest data compiled by the World Gold Council. Globally, central banks added a net of 37 tons of gold to their reserves, bringing the total purchases on the year close to 300 tons.
The photography industry was once one of the biggest consumers of silver. With the advent of digital photography and cell phone cameras, the use of film gradually declined. But there has been a revival in film and the use of silver in photography increased last year. This is one of several silver-related stories in the latest edition […]
The economy is fine, so we’re told. There is no recession, so we’re told. The Federal Reserve has everything under control, so we’re told. Meanwhile, 3.8 million Americans say they could face eviction in the next two months. It doesn’t sound like everything is fine.
The dollar index recently hit a 20-year high, so this might seem to be an odd time to talk about a dollar decline. But Rockefeller Institute Chairman and Financial Times columnist Ruchir Sharma recently wrote an article arguing that a post-dollar world is coming.
President Biden is expected to announce student loan forgiveness on Wednesday (Aug. 24). The plan will reportedly cancel $10,000 in student loan debt for anybody making less than $125,000 per year. A lot of people think this is like waving a magic wand — poof — the debt is gone. But somebody has to pay […]
