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If you’ve been to the grocery store, or the gas station, or the building supply store, you know we have an inflation problem. Last month’s hotter than expected CPI confirmed what we already intuitively know. But the folks over at the Federal Reserve continue to tell us there’s nothing to worry about. They insist inflation […]
Last month, Tennessee Gov. Bill Lee signed a bill into law that creates a commission to study the feasibility of creating a gold bullion depository in the Volunteer State. A state bullion depository would not only create a safe place to store precious metals; it would increase the state’s financial independence. It could also facilitate […]
For months, the markets have responded to inflationary pressures by piling into dollars and selling gold. They’ve taken this counterintuitive approach because they believe the Fed will tighten monetary policy to fight inflation sooner rather than later. But we’re starting to see a shift in sentiment. Traders seem to be realizing that inflation might be […]
The US government continues to run massive budget deficits. That means it has to sell bonds to finance the debt. So, who’s buying all these Treasuries? The Federal Reserve is buying a lot of them as it continues to monetize the ever-growing federal debt. Between March 2020 and March 2021, the central bank monetized more […]
Despite a spike in COVID cases and rising prices that dampened retail demand for gold in India, imports in April came in above the 10-year monthly average indicating a continued recovery in the Indian gold market. India imported 110 tons of gold in April. That’s 71% above the 10-year monthly average and compares with just […]
The labor market is a mess. Millions of people are collecting unemployment. Meanwhile, businesses across the country are having a hard time filling positions. In what kind of world does this make sense?
The price of silver is up over 70% year on year. Investment demand was at record levels during the pandemic, but industrial outtake plunged. As economies have opened up, industrial demand for silver has rebounded, helping to support rising prices. And there are reasons for continued bullishness on silver in the long term. According to […]
Silver pushed above $27 an ounce last week and rallied to over $28.50 on May 18. There has been some selling since, but as of the morning of May 19, the white metal was trading around $27.40 an ounce. That’s a better than 70% increase year-on-year. Even the mainstream is bullish on silver with many […]
The US government ran another huge budget deficit in April. The shortfall came in at $225.58 billion, running the total budget deficit through the first seven months of fiscal 2021 to a record $1.9 trillion, according to the Treasury Department’s Monthly Treasury Statement. That compares with a $1.5 trillion deficit through the first seven months […]
Gold demand in the technology sector was up 11% year-on-year, coming in at 81.2 tons in the first quarter of 2021. According to the World Gold Council, the strong growth was partially due to comparison with relatively weak tech demand in the first quarter of 2020, as governments began shutting down economies in response to […]
