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Key Gold Headlines

POSTED ON April 9, 2020  - POSTED IN Key Gold Headlines

Earlier this year, Ray Dalio quipped that “cash is trash.” During a recent Reddit “ask me anything” session, Dalio doubled down, warning that the rush into the US dollar is a mistake.

Why?

Because the Federal Reserve has fired up the printing press and is pumping out cash at a dizzying pace.

POSTED ON April 6, 2020  - POSTED IN Key Gold Headlines

Yesterday marked the anniversary of the great government gold heist of 1933 ordered by President Franklin D. Roosevelt.

On April 5, 1933, the president signed Executive Order 6102. It was touted as a measure to stop gold hoarding, but it was in reality, a massive gold confiscation scheme. The order required private citizens, partnerships, associations and corporations to turn in all but small amounts of gold to the Federal Reserve in exchange for $20.67 per ounce.

POSTED ON April 2, 2020  - POSTED IN Key Gold Headlines

There’s been a lot of focus on gold with the crashing stock market and economic chaos set off by the coronavirus economic lockdown. But what about silver?

There were reasons to be bullish on silver even before the bottom fell out of the stock market. In its 2020 Market Forecast, the Silver Institute projected that silver would shine with higher prices supported by expanded physical investment and industrial demand. The market dynamics have certainly changed since the institute released that report, but there are still reasons to be bullish on the white metal.

POSTED ON April 1, 2020  - POSTED IN Key Gold Headlines

In yet another unprecedented attempt to keep the air in the financial bubbles, the Federal Reserve announced the establishment of an international repo facility.

The repo facility will allow foreign central banks and other international monetary authorities to enter into repurchase agreements with the Federal Reserve. According to the Fed announcement, FIMA account holders can temporarily exchange their US Treasury securities held with the Federal Reserve for dollars that can then be made available to institutions in their jurisdictions.

POSTED ON March 30, 2020  - POSTED IN Key Gold Headlines

Last week, Congress passed a $2 trillion stimulus bill in an effort to offset the economic impacts of the coronavirus. Most people have focused on the $1,200 checks to Americans and bailouts for industries hard-hit by the economic shutdown. But the 883-page bill does a lot more than that, including empowering the Federal Reserve to hand out billions of dollars in complete secrecy.

POSTED ON March 26, 2020  - POSTED IN Key Gold Headlines

On Wednesday, Congress finally agreed on a government stimulus/bailout plan to battle the economic impacts of coronavirus to the tune of over $2 trillion. Meanwhile, the Federal Reserve has committed to monetize the debt with QE to infinity. Practically speaking, we’re talking about trillions of dollars being injected into the US economy – all of those dollars created out of thin air.

So, what does all of the money creation and government spending mean for gold?

POSTED ON March 24, 2020  - POSTED IN Key Gold Headlines

We now have QE to infinity and beyond.

On March 23, the Federal Reserve announced it will purchase an “unlimited” amount of US Treasuries and mortgage-backed securities. The Washington Post called the move “unprecedented” and said that it goes “much further than what the central bank did in the 2008-2009 crisis.”

POSTED ON March 18, 2020  - POSTED IN Key Gold Headlines

The demand for physical gold has gone through the roof in the midst of economic chaos caused by the coronavirus. We’re beginning to see shortages of some bullion products. As more people pile into the market,  the number of scammers looking to take advantage of gullible investors also increases.

Recently, some guy started commenting on the SchiffGold Facebook page, claiming he could sell you “cheap gold” directly from African mines. This was certainly a scam. Why would anybody sell gold “cheap” when they can easily command a market price?

The answer to that question is they wouldn’t.

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