Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)
POSTED ON March 3, 2022  - POSTED IN Key Gold Headlines

Inflation continues to chew up your paycheck.

While consumer prices rose 0.7% in January, income from all sources, including wages, salaries, interest dividends, rental income, unemployment, Social Security, etc. was essentially flat.

And when adjusted for inflation, real personal income fell by 0.5%.

POSTED ON September 1, 2021  - POSTED IN Key Gold Headlines

Personal income is rising.

But inflation is eating it up.

Before factoring in inflation, personal income from all sources rose by 2.7% in July year-on-year. The month-on-month gain was a solid 1.1%. This includes wages, stimulus payments, transfer payments (unemployment, Social Security benefits, etc.) along with income from other sources such as interest, dividends, and rental income.

POSTED ON March 10, 2021  - POSTED IN Key Gold Headlines

We’re told we’re on the road to economic recovery. The $1.9 trillion stimulus is all we need to get us over the hump. But the truth is, Americans started spending like they were over the hump months ago. In fact, American consumers high on stimulus have been on a spending spree since last summer. The Federal Reserve printed money. Uncle Sam handed it out. American consumers spent it on imported goods.

This isn’t the formula for a genuine economy. It’s the formula for a giant bubble.

POSTED ON September 17, 2019  - POSTED IN Key Gold Headlines

Americans continue to drive the economy along spending money they don’t have. Consumer debt increased yet again in July, setting another record, according to the latest data released by the Federal Reserve.

Total consumer debt surged $23.4 billion in July, driven by a huge jump in credit card balances. The big rise in consumer indebtedness took analysts by surprise. Bloomberg said the increase “exceeded all estimates” in a survey of economists. Overall, consumer debt increased by an annual rate of 6.8% after a 4% increase the previous month.

POSTED ON August 30, 2019  - POSTED IN Friday Gold Wrap

Gold has had a pretty solid month, but silver has been going up like it’s on rocket fuel.

In this episode of the Friday Gold Wrap, host Mike Maharrey takes a close look at the silver market and what’s going on there. He talks a little trade war, saying that maybe we shouldn’t be talking so much about the trade war. And he also touches on some economic news that came out the week.

Call Now