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POSTED ON June 26, 2024  - POSTED IN Exploring Finance

Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect.

POSTED ON June 25, 2024  - POSTED IN Original Analysis

An article in yesterday’s Washington Post assured readers that no matter who wins the 2024 US presidential election, we can count on massive expansion of the national debt to be among the common denominators. The article looked at a recent report from the Committee for a Responsible Federal Budget, or CRFB, analyzing the debt increases of both the Trump and Biden administrations.

POSTED ON June 24, 2024  - POSTED IN Original Analysis

The message is loud and clear: The Japanese economy has no tolerance for higher interest rates after the Bank of Japan has kept them artificially near zero for decades. Meanwhile, as the largest holders of US Treasury debt, Japan’s economic well-being has become inextricably dependent on the capricious whims of Federal Reserve monetary policy — and both of those chickens have now come home to roost. 

POSTED ON June 22, 2024  - POSTED IN Key Gold Headlines

While demand for Gold as an investment has risen greatly historically, and particularly over the past year, recent technological discoveries provide powerful potential for Gold to increase in prominence as an industrial resource. While gold does provide an excellent and relatively safe store of value, its industrial use could rapidly increase its price and universal desirability. Critics of gold have often commented that its prices may be higher than their “market value” because of human convention and tastes. They have created the idea that the use of gold as an investment is regressive and little more than a callback to a bygone era. Their concerns are increasingly neutralized as gold becomes far more widely used in many crucial industries.

POSTED ON June 21, 2024  - POSTED IN Key Gold Headlines

The U.S. abandoned the gold standard in 1933. But ninety-one years later, in the midst of an inflation crisis, investors are flocking back to the original.

The U.S. government is set to print about $200 billion in bills in 2024. That’s $548 million for every day. Despite the rampant inflation reducing consumer purchasing power around the country, the Fed continues to exacerbate the existing crisis by flooding the money supply. Following inflation peaks during COVID-19, rates remain high at a projected 2.3% in 2024. With an average savings account interest rate of only .45%, dollarized savings are steadily losing their value. But while the dollar loses its worth, the value of gold is skyrocketing due to a critical distinguishing factor: natural scarcity.

POSTED ON June 20, 2024  - POSTED IN Original Analysis

China’s recent attempt to secure a rare earth minerals stockpile ended in failure when a competitor stepped in to snag the deal.

Vital Metals, a mining firm based in Australia, announced Monday that minerals collected from its Saskatchewan-based Nechalacho Project will remain within Canadian borders.

POSTED ON June 18, 2024  - POSTED IN Key Gold Headlines

As the U.S. economy progresses toward monetary catastrophe, individual states are taking action to preserve and enable the use of sound money. Utah recently passed HB 348, which took effect in May and authorizes the state to invest a portion of its funds in precious metals. State Representative Ken Ivory sponsored the bill, and in an exclusive correspondence with SchiffGold, he explains why the new law is needed and discusses the next steps Utah is taking to weather the coming storm of inflation and federal monetary disaster. Below are Representative Ivory’s statements. 

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