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When members of Congress aren’t passing laws, holding committee meetings, or more cynically fundraising endless dollars, some of them choose to pass the time by trading stocks. And for whatever reason, keen insight or perhaps insider trading, members of Congress tend to beat the market.
When clients ask about the timing of selling their gold, I generally respond to their question with a question: “Do you have upcoming liquidity needs?” or “Is there a productive investment opportunity to deploy your capital?”
Federal Budget The Federal Government publishes the spending and revenue numbers every month. The charts and tables below give an in-depth review of the Federal Budget, showing where the money is coming from, where it is going, and the surplus or deficit. This month saw a $22B deficit.
The Bible features more than 700 references to gold and silver, emphasizing their timeless significance. The term ‘gold’ alone appears in 47 of the 66 books of the Bible. Beyond their current cultural relevance, these precious metals play a crucial role in scripture, highlighting three key attributes: their divine origin, intrinsic value, and monetary quality.
Jerome Powell’s 60 Minutes portrayal of the national debt crisis as a distant concern starkly contrasts with the urgent reality we face. Peter Schiff doesn’t mince words in his most recent podcast when he highlights the immediate threat:
In this week’s Friday Gold Wrap Podcast, JD and Joel discuss why gold is down this week, Powell’s comments on 60 Minutes about the debt, and some Valentine’s Day thoughts inspired by Austrian economist Carl Menger.
While broader macroeconomic trends are always what’s most significant for the gold price during any given election, some interesting trends emerge when you look at the numbers. And when an election is contentious, historic, or chaotic as 2024’s promises to be, the outcome is all the more significant for gold.
Total gold demand hit an all-time high in 2023, according to a recent report released by the World Gold Council. Last week, the World Gold Council (WGC) released its Gold Demand Trends report, which tracks developments in the demand for and use of gold around the world. Excluding over-the-counter (OTC) trade, 2023 gold demand fell slightly from 2022 […]
While it doesn’t approach having the same wealth-protecting power of gold or silver, platinum is a precious metal that just never quite gets the love it deserves. Practically speaking, other than jewelry, platinum is best known as a crucial element for catalytic converters for cars. But it’s also used in manufacturing everything from jet engines […]
In the landscape of economic foresight, John Exter, a distinguished hard money advocate and former precious metals expert for The Fed, offers a model that resonates with the principles upheld here at SchiffGold. Developed in the 1970s, Exter’s Inverted Pyramid of Risk remains as relevant as ever, especially in assessing assets through the lens of […]
