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POSTED ON July 22, 2021  - POSTED IN Peter's Podcast

The markets have been jittery lately. The mainstream remains concerned about inflation – more specifically that the Fed is going to tighten monetary policy sooner rather than later to fight rising prices. But in his podcast, Peter Schiff makes the case that the markets are afraid of the wrong thing. They shouldn’t be worried about the Fed fighting inflation. They should be worried that it won’t.

POSTED ON July 21, 2021  - POSTED IN Peter's Blog

What exactly is “transitory?” You and your wife may disagree on its meaning when your old friend asks if he can stay with you while he “Sorts things out.” The term is virtually worthless without some guiding context, as in “Honey, he’ll be out of here by Monday. Tuesday the latest.”

POSTED ON July 20, 2021  - POSTED IN Key Gold Headlines

Chinese gold imports have nearly returned to pre-pandemic levels and the world’s biggest gold market continues to recover.

According to the latest data reported by the World Gold Council, China imported 67.6 tons of gold in May. That was 65 tons higher than May 2020 and only three tons lower than May 2019, before the coronavirus pandemic gripped the country.

POSTED ON July 18, 2021  - POSTED IN Guest Commentaries

The US government continues to borrow and spend at a torrid pace, running massive deficits month after month.

The US national debt currently stands at nearly $28.5 trillion. That doesn’t account for the trillions of unfunded liabilities. And there is no end to the spending in sight. There are trillions of dollars in new spending programs coming down the pike.

POSTED ON July 16, 2021  - POSTED IN Exploring Finance

This analysis focuses on gold and silver data provided by the Comex/CME Group. See the article What is the Comex for more detail.

Silver: Recent Delivery Month

First Position Day is when contracts must post 100% margin to stand for delivery. Once delivery begins, contracts can settle in cash, or more contracts can be opened and stand for immediate delivery (usually a sign of strong physical demand). Figure 1 below shows the last 24 months of silver delivery data when compared to First Position and the day

POSTED ON July 16, 2021  - POSTED IN Fun on Friday

Falling lake levels due to drought in California have revealed the ruins of an old gold mining town. The story behind Mormon Island is pretty interesting.

Early in March 1848, W. Sidney, S. Willis, and Wilford Hudson set off from their fort to hunt deer. When they stopped along the south fork of the American River, they found gold.

This was just two months into the California gold rush.

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