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POSTED ON April 24, 2019  - POSTED IN Key Gold Headlines

This has become a monthly feature here a SchiffGold News – Russia buys more gold.

The Central Bank of Russia added another 18.7 tons of gold to its stash in March according to a press release last week. This boosts the country’s gold reserves to 2, 167.9 tons or 69,700,000 ounces. Gold now makes up about 18% of the Russian central bank’s reserves.

POSTED ON April 23, 2019  - POSTED IN Key Gold Headlines

Last year, the Social Security and Medicare trustees warned that the programs are going broke. A year later — they’re still going broke.

Social Security will dip begin dipping into reserves in order to pay out benefits next year and those reserves will run dry in 2035, according to the annual Social Security and Medicare trustees report that was released Monday.

When reserves dry up, the system will no longer be able to pay full benefits.

POSTED ON April 22, 2019  - POSTED IN Key Gold Headlines

When the Federal Reserve artificially manipulates interest rates, it’s messing with our minds by distorting important signals that prices provide in a free market. As investment guru Jim Grant put it in a recent article in Barron’s, central bank interest rates are nothing but crude price controls.

Like all price controls, the Fed’s interest rate mechanizations create some winners and some losers. But in the long run, the distortions caused by the central bank’s interventionist monetary policy makes us all losers.

POSTED ON April 19, 2019  - POSTED IN Fun on Friday

So, what do you think about the Muller report? I think it completely exonerates the president! No, wait. I think it shows he’s absolutely guilty and should be impeached! No, wait…

Actually, I think the whole thing goes to show how people can spin political theater any way they want to, depending on their political proclivities. I don’t really have any political proclivities – at least not when it comes to party politics. I haven’t been following the whole saga, so, I don’t know much about Russiagate at all.

But you know what I do know about?  Hockey! And it’s Stanley Cup playoff season!

POSTED ON April 19, 2019  - POSTED IN Friday Gold Wrap

Just a few weeks ago, the mainstream was worried about economic growth. Now, all of a sudden, the mainstream is bullish about economic growth. It seems like the high from the Fed’s monetary heroin has fully taken hold. And it’s not just in the US.

In this episode of the Friday Gold Wrap, host Mike Maharrey talks about how central bank monetary policy and government economic stimulus is impacting economies. It’s fun being high … until you’re dead. He also covers some interesting developments in the gold market.

POSTED ON April 18, 2019  - POSTED IN Key Gold Headlines

While President Trump nags the Federal Reserve to reinstitute Obama-era monetary stimulus, China has already taken off down that path. And it actually has some people in the mainstream concerned.

According to a Reuters report, the Organisation for Economic Cooperation and Development (OECD) is warning that while Chinese government stimulus may boost the country’s economy in the short-run, it “may undermine the country’s drive to control debt and worsen structural distortions over the medium term.”

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