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The mainstream investment world is starting to worry about the federal debt. CNBC put it this way: Goldman Sachs sees a tidal wave of red ink — and it may drag the US economy into its undertow.” Goldman recently released a note to clients saying virtually the same thing Peter Schiff has been saying for […]
Stock markets have settled down after an awful couple of weeks earlier this month. On Feb. 5, the Dow Jones suffered its largest-ever drop in terms of points. It was down 1,600 at one point and ultimately lost 1,175.21 points, a 4.6% drop that day. At one point during that week, the Dow was off […]
The US dollar dropped to its lowest level in three years Friday. Extending losses on Thursday, the dollar index against a basket of six currencies dropped to 88.253. This marks its lowest level since December 2014. A Reuters report noted that “Traders’ confidence in the dollar has also been eroded by mounting worries over the United […]
The Babylon Bee captured the current state of the Republican Party in all of its hypocritical glory. The satirical website proclaimed “Republicans announce plan to pretend to be fiscally conservative again the moment a Democrat takes office.” The GOP said it would begin to decry deficit spending and the $20 trillion debt in order to […]
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
The bears were running on Wall Street again Thursday, as the Dow Jones suffered another steep tumble. After a record drop of 1,175 points Tuesday and a rebound Wednesday, the Dow shed another 1,333 points. The Dow Jones dropped 6.5% in four days. That’s the steepest decline in any week since October 2008. The S&P 500 […]
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
The dollar continued to tank Wednesday, hitting a 3-year low after Treasury Secretary Steven Mnuchin said he welcomed a weakening dollar. The dollar index measuring the greenback against a basket of six major currencies slipped below 90 for the first time since December 2014. Meanwhile, gold climbed, hitting its highest level since August 2016.
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
