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Key Gold Headlines

POSTED ON June 23, 2020  - POSTED IN Key Gold Headlines

The mainstream generally treats the gold standard as a bygone relic of a primitive past — something Grandpa might remember fondly along with 5 cent eggs and walking to school uphill both ways. But in this modern era of wild monetary policy and unprecedented money printing, even some in the mainstream are starting to think Grandpa may have been a little wiser than we thought.

A recent article in The Economic Times extolled the virtues of the gold standard and advises “make a strategic allocation to gold.”

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

Over the last several decades, the Federal Reserve and the US government have almost exclusively directed their policies toward “stimulating” spending. Artificially low interest rates incentivize borrowing and discourage savings.

But spending money isn’t the only thing that makes the economy go around. Savings are crucial and the lack of saving in America has hollowed out the US economy.

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

Last week, we reported Yale economist Stephen Roach’s warning that “the era of the US dollar’s ‘exorbitant privilege’ as the world’s primary reserve currency is coming to an end.”

Roach isn’t the only person in the mainstream sounding the alarm about the dollar’s demise.  In a note published last week, Guggenheim Investments Chief Investment Officer Scott Minerd said that while “there are no signs the world is questioning the value of the US dollar” right now, it’s clear that the greenback is  “slowly losing market share as the world’s reserve currency.”

POSTED ON June 16, 2020  - POSTED IN Key Gold Headlines

When the May jobs report came out with 2.5 million jobs added a drop in unemployment to 13.3%, I told several friends the numbers seemed implausible.

It appears I might have been right.

The Department of Labor’s Bureau of Labor Statistics survey takers mistakenly misclassified about 4.9 million people as employed, although they were unemployed.

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