Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)

Key Gold Headlines

POSTED ON February 21, 2018  - POSTED IN Key Gold Headlines

The mainstream investment world is starting to worry about the federal debt.

CNBC put it this way:

Goldman Sachs sees a tidal wave of red ink — and it may drag the US economy into its undertow.”

Goldman recently released a note to clients saying virtually the same thing Peter Schiff has been saying for months. The US economy won’t likely get the promised economic growth out of GOP tax cuts – at least not over the long-haul.

POSTED ON February 19, 2018  - POSTED IN Key Gold Headlines

Inflation came in hotter than expected at 2.1%. A CNBC report said the number “pushes the economy toward a potential danger zone for inflation.”

Analysts had expected January inflation to come in at 0.3, after being up by 0.1 the previous month. Instead, the December number was revised up to 0.2 and January came in at 0.5. As Peter Schiff pointed out in his podcast, if you multiply 0.5 by 12 months, it comes to 6% inflation per year.

In his Feb. 16 Liberty Report, Ron Paul talked about inflation and its effect on everyday Americans. He said when it comes to this subject, the mainstream is all mixed up. More significantly, the creation of new money doesn’t impact everybody equally. Some benefit at the expense of others. 

POSTED ON February 16, 2018  - POSTED IN Key Gold Headlines

The US dollar dropped to its lowest level in three years Friday.

Extending losses on Thursday, the dollar index against a basket of six currencies dropped to 88.253. This marks its lowest level since December 2014.

A Reuters report noted that “Traders’ confidence in the dollar has also been eroded by mounting worries over the United States’ twin budget and current account deficits.” Interestingly, just last month Peter Schiff said these twin deficits may ultimately doom the stock market.

POSTED ON February 15, 2018  - POSTED IN Key Gold Headlines

Could the house of credit cards Americans have built be on the verge of collapse?

Earlier this week, the New York Fed released the latest data on US household debt, revealing it has grown to a record $13 trillion. Americans have been spending, but they’ve been putting a lot of it on plastic. Credit card balances grew by $24 billion in the last quarter of 2017 alone. Meanwhile, US consumers owe $1.22 trillion on vehicle loans. This can only go on for so long. And there are indications that the American credit card spending spree may be winding down.

Retail sales unexpectedly fell in January, recording their biggest drop in nearly a year.

POSTED ON February 14, 2018  - POSTED IN Key Gold Headlines

Passage of a GOP budget that added $300 billion in new spending has focused plenty of attention on surging federal government debt over the last week or so. But Uncle Sam isn’t the only one running up those credit cards. Everyday Americans are also piling on the debt.

Total household debt soared to a record $13 trillion dollars in 2017, according to the latest data released by the Federal Reserve Bank of New York’s Center for Microeconomic Data.

POSTED ON February 13, 2018  - POSTED IN Key Gold Headlines

During a podcast last week, Peter Schiff asked a key question: Who is going to buy all of this US debt?

The US Treasury Department plans to auction off around $1.4 trillion in Treasuries this year. And it won’t end there. The department expects that pace of borrowing to continue over the next several years.

That’s a lot of bonds. Who will buy them? Because the biggest purchasers of US debt aren’t in a buying mood.

POSTED ON February 12, 2018  - POSTED IN Key Gold Headlines

The Babylon Bee captured the current state of the Republican Party in all of its hypocritical glory. The satirical website proclaimed “Republicans announce plan to pretend to be fiscally conservative again the moment a Democrat takes office.”

The GOP said it would begin to decry deficit spending and the $20 trillion debt in order to win votes as soon as political power swung back to the opposing party.

“‘The second a Democrat is back in the White House, we will once again start yelling about fiscal responsibility,’ Speaker Paul Ryan said in an address to the House of Representatives Friday. ‘For now, we will continue to vote for unsustainable and irresponsible budgets that your children’s children’s children will pay for for centuries to come.’”

Free Newsletter & Notification of Special Deals
RSS Feed
Like Us on Facebook
Add Us on Twitter
Visit Us
LINKEDIN
YouTube Channel
YouTube Channel
Google+
Google+
Call Now