Get the latest headlines, market analysis, and original content from SchiffGold.
Air is hissing out of the housing bubble faster and faster every week. Pending sales plunged in June and the inventory of homes on the market jumped as mortgage rates continue to rapidly rise.
Silver has dipped below $20 an ounce for the first time in two years. But given silver’s fundamentals, the current economic dynamics, and the trajectory of the Fed, silver appears very oversold. For the next week, you can take advantage of the lowest silver spot price in years, and we’ll even sweeten the deal with […]
American consumers added to their record levels of debt in May as they continue to struggle to make ends meet in this inflationary environment. Americans increased their debt load by $22.35 billion in May, according to the latest data from the Federal Reserve. That represents a 5.9% annual increase.
The silver-gold ratio hit a two-year high this week, indicating that silver is significantly undervalued compared to gold.
Central banks globally added another net 35 tons of gold to reserves in May, according to data compiled by the World Gold Council. This follows on the heels of a net 19.4-ton increase in gold holdings in April and an 84-ton surge in gold reserve through Q1.
China appears to be chipping away at dollar dominance. While there is no indication that the dollar is in imminent danger of toppling from its perch as the global reserve currency, more central banks are warming up to the yuan.
Demand for silver for brazing and soldering applications is expected to expand by 23% by 2030. This is one of several silver-related stories in the latest edition of Silver News published by the Silver Institute.
On July 1, the Federal Reserve Bank of Atlanta lowered its Q2 GDP projection to -2.1%, officially forecasting a recession. So, much for Jerome Powell’s “soft landing.”
The Reserve Bank of Zimbabwe plans to issue gold coins as a way for investors in the country to store value as inflation runs rampant in the economy. The United States isn’t the only country battling rapidly rising prices. The inflation rate in Zimbabwe spiked from 132% in May to 191.6% in June, and the […]
Goldman Sachs sees a big upside in gold raising its target price to $2,500 an ounce by the end of the year. The investment bank cites recession worries and persistent inflation as reasons to be bullish on gold.
