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POSTED ON March 4, 2020  - POSTED IN Key Gold Headlines

Stop and pause for a moment and think about what just happened. The Federal Reserve says the US economy is strong, but it just initiated emergency monetary policy last seen during the worst financial crisis since the Great Depression.

Something doesn’t add up.

The Fed cut rates 50 basis points on Tuesday. It was the first interest rate move between regularly schedule FMOC meetings since the 2008 financial crisis. The Fed funds rate now stands between 1.0 and 1.25%.

POSTED ON March 3, 2020  - POSTED IN Interviews

On Sunday, March, 1, Peter Schiff appeared on Fox News to discuss the market and economic turbulence surrounding coronavirus. Peter said the coronavirus isn’t the real problem. It’s the Fed. Everything the central bank has done since 2008 has only made things worse and set us up for an even bigger crisis.

Peter opened up the interview saying that even with the big declines through the previous week, the US stock market is still significantly overvalued.

POSTED ON March 2, 2020  - POSTED IN Key Gold Headlines

The US stock market continued its freefall last Friday. The Dow lost another 357 points to finish off the worst week since 2008. One would expect a safe-haven like gold to thrive in the midst of the massive stock selloff, but it had a bad day on Friday as well crashing through the $1,600 mark and plummeting as low as $1,568.

Gold rebounded Monday and was trading back above $1,600, but how do we make sense of its precipitous plunge? Has gold failed as a safe-haven?

The short answer is no.

POSTED ON February 28, 2020  - POSTED IN Fun on Friday

Well, it’s campaign season. I hate campaign season.

And this current crop of Democratic hopefuls isn’t doing anything to change my feelings. These people are about as bland as a bag of sawdust. I mean, say what you will about Donald Trump; if nothing else he comes up with some pretty amusing quips.

So, in an effort to spice up campaign season, I thought it would be fun to look back on some of the all-time worst campaign slogans.

POSTED ON February 28, 2020  - POSTED IN Friday Gold Wrap

It’s been a wild ride on Wall Street this week — all downhill. Stocks entered correction territory Thursday and are on track for the worst week since the 2008 financial crisis. As Peter has put it, this stock market is a bubble looking for a pin. Is the coronavirus the pin? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about this chaotic week in the stock market, the bond market and the gold market.

POSTED ON February 27, 2020  - POSTED IN Key Gold Headlines

People treasure gold and they have for millennia. As a result, the yellow metal has found its way into some of the world’s great literature. Yesterday, we shared with you some of the greatest gold quotes of all time, gleaned from a contest we ran with Roy Sebag. The winner walked away with a one-ounce gold coin.

With gold’s striking beauty, it comes as no surprise that the yellow metal has also been the subject of visual art. Roy decided it would be fun to see some of the greatest visual depictions of gold, so he ran another contest to find the greatest golden art of all time.

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