Contact us
CALL US NOW 1-888-GOLD-160
POSTED ON January 20, 2023  - POSTED IN Friday Gold Wrap

Pop some popcorn and get ready for the next political dog and pony show. The US government bumped up against its statutory borrowing limit this week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the looming debt ceiling fight and the deeper problems that will inevitably get ignored as everybody absorbs the political theater. He also talks about the growing bullishness in the gold market.

POSTED ON January 16, 2023  - POSTED IN Key Gold Headlines

The US government ran an $85 billion budget deficit in December, according to the Monthly Treasury Department Statement. That was much lower than November’s massive $248.5 billion shortfall, but don’t be deceived by the drop. December is typically a low deficit month. The relatively big shortfall indicates the federal government is on a trajectory to blow past the $1.38 trillion fiscal 2022 deficit.

POSTED ON January 13, 2023  - POSTED IN Exploring Finance

The Federal Government ran a deficit of -$85B in December. While this was much smaller than the deficit posted in November, it marks one of the largest December deficits ever. 

That pushed then 2022 calendar year deficit to over $1.4 trillion.

POSTED ON December 13, 2022  - POSTED IN Key Gold Headlines

The US government ran a massive $248.5 billion deficit in November, according to the latest Monthly Treasury Statement. There was only one month in fiscal 2022 with a bigger budget shortfall. This is bad news for the Federal Reserve as it tries to raise interest rates and shrink its balance sheet to fight price inflation.

POSTED ON October 24, 2022  - POSTED IN Key Gold Headlines

The US government ran a $1.38 trillion budget deficit in fiscal 2022 despite government receipts at near-record levels. This further highlights the federal government’s out-of-control spending problem. It’s also a big problem for the Fed as it tries to fight inflation.

Call Now