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Key Gold Headlines

POSTED ON March 12, 2020  - POSTED IN Key Gold Headlines

The US is heading for economic lockdown as the impact of the coronavirus grows. To cope with the crisis, President Trump has promised fiscal stimulus. The actual plan remains unclear, but the Trump administration has floated a reduction in payroll taxes, along with bailouts and loan guarantees for struggling industries. While the details are murky, one thing is certain — it will cost billions of dollars.

Meanwhile, the US government is already living far above its means. Uncle Sam recorded another massive budget deficit of $235 billion last month, according to the latest Treasury Department report.

POSTED ON March 5, 2020  - POSTED IN Key Gold Headlines

With the madness in the markets over the last couple of weeks that led the Federal Reserve to implement a 50-basis point interest rate cut, Peter Schiff is starting to get some love in the mainstream media.

Peter was a regular on MSNBC, Fox News and other mainstream outlets in the months leading up to the 2008 financial crisis. He was typically the lone contrarian, insisting that the economy wasn’t great. Of course, in 2008, he was proved correct.

POSTED ON March 4, 2020  - POSTED IN Key Gold Headlines

Stop and pause for a moment and think about what just happened. The Federal Reserve says the US economy is strong, but it just initiated emergency monetary policy last seen during the worst financial crisis since the Great Depression.

Something doesn’t add up.

The Fed cut rates 50 basis points on Tuesday. It was the first interest rate move between regularly schedule FMOC meetings since the 2008 financial crisis. The Fed funds rate now stands between 1.0 and 1.25%.

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

The US stock market continued its freefall last Friday. The Dow lost another 357 points to finish off the worst week since 2008. One would expect a safe-haven like gold to thrive in the midst of the massive stock selloff, but it had a bad day on Friday as well crashing through the $1,600 mark and plummeting as low as $1,568.

Gold rebounded Monday and was trading back above $1,600, but how do we make sense of its precipitous plunge? Has gold failed as a safe-haven?

The short answer is no.

POSTED ON February 27, 2020  - POSTED IN Key Gold Headlines

People treasure gold and they have for millennia. As a result, the yellow metal has found its way into some of the world’s great literature. Yesterday, we shared with you some of the greatest gold quotes of all time, gleaned from a contest we ran with Roy Sebag. The winner walked away with a one-ounce gold coin.

With gold’s striking beauty, it comes as no surprise that the yellow metal has also been the subject of visual art. Roy decided it would be fun to see some of the greatest visual depictions of gold, so he ran another contest to find the greatest golden art of all time.

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