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The US federal government is spending money like a drunken sailor. And that’s probably unfair to drunken sailors. In November alone, the US government reported a $139 billion deficit.
Peter Schiff recently appeared on RT Boom Bust to talk gold and silver. Gold has struggled over the last few weeks with a looming Federal Reserve rate hike and the specter of tax cuts on the horizon weighing precious metals down. Peter said he thinks this is something of a seasonal lull and he expects […]
Bitcoin mania is in full force. When I get to my desk in the morning, the first thing I do is check the latest gold news. But lately, when I google the word “gold,” I mostly get Bitcoin news. In his most recent podcast, Peter Schiff even suggested CNBC should rename its network the “Crypto News […]
Every year, the Federal Reserve robs you of a little bit of your wealth. And it does so by design. Writing for the Sovereign Man, Jeff Thomas called it a “magic trick.” But it’s not magic in a mystical way. It’s magic in the show business sense of the word. It’s an illusion, facilitated by distraction that fools the audience. […]
The Federal Reserve is widely expected to nudge interest rates up again this week. Most analysts agree that the specter of a rate hike is one of the primary reasons gold has slumped over the last several weeks. But are rising interests rates really bad for gold? The short answer is no. At least not […]
When I was a kid, my mom always went shopping on the day after Christmas. She wasn’t going out to spend her Christmas cash on some goody Santa failed to leave under the tree. She went out with the express purposes of buying Christmas cards, wrapping paper and decorations. But why go out and buy […]
The Federal Reserve is in the midst of inflating its third big bubble. During an interview with Greg Hunter last month, Peter Schiff said the third time isn’t going to be the charm.
There is one thing Republicans and Democrats should agree about – buy gold. But like everything else, the yellow metal has become politicized. If you believe the stereotype, only people on the right buy gold. A recent article by Martin Tiller at Nasdaq.com highlighted the phenomenon.
After a somewhat tepid October, gold inflows into ETFs picked up again in November, driven primarily by investors in Europe. Global gold-backed ETFs increased their holdings by 9.1 tons last month, according to the latest data released by the World Gold Council. This continues a streak of monthly gains. In October, inflows came in at […]
We think of platinum and palladium as the “industrial metals,” but in 2016, there was more gold used in industrial applications than either of these two metals. According to a report released by the World Gold Council, demand for gold in electronics has been growing since the fourth quarter of 2016. On top of that, […]
