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POSTED ON September 11, 2020  - POSTED IN Fun on Friday

How would you like to eat some cool gold?

Read closely. I didn’t say buy gold. That’s probably would you would expect on the SchiffGold webpage.

But I said eat gold. Because, you know, that is a thing.

POSTED ON September 11, 2020  - POSTED IN Friday Gold Wrap

There was a tremendous amount of volatility in the stock market this week with the NASDAQ entering correction territory and then rebounding. Is this just a blip on the radar? Or is the biggest bubble ever running out of steam? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about it. He also digs into what’s going on in the housing market and what it’s telling us about the broader economy.

POSTED ON September 10, 2020  - POSTED IN Key Gold Headlines

Last month, we reported that mortgage delinquencies charted their biggest quarterly rise ever. Digging more deeply into the numbers, we find even more trouble brewing in the subprime mortgage market.

Of the 8 million active mortgages the FHA insures, 17% were delinquent in July. That ranks as the highest level in history. That translates to about 1.4 million delinquent FHA loans.

POSTED ON September 8, 2020  - POSTED IN Guest Commentaries

Last month, the Federal Reserve moved the goalposts when it changed its inflation targeting policy. In the past, the central bank has targeted a 2% inflation rate as measured by CPI. Now it will shift to “average inflation targeting.” In effect, the Fed will allow the CPI to run “moderately” over 2% “for some time” to balance out periods where it runs under that level.

We have argued that this isn’t some kind of technical policy shift due to new economic insights. It’s a necessary move because the Fed can’t stop printing money and price inflation is an inevitable side-effect.

POSTED ON September 4, 2020  - POSTED IN Original Analysis

Can you believe it’s already Labor Day weekend?

In some ways, 2020’s stay has dragged on seemingly forever — like an unwanted aunt visiting “for a while.” But in other ways, 2020 has just flown by. I mean, it’s already fall — although I live in north Florida so it feels like anything but fall.

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