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POSTED ON January 30, 2020  - POSTED IN Key Gold Headlines

The Federal Reserve held its first Federal Open Market Committee meeting this week. As expected, the central bank held interest rates steady but the overall posture of the Fed came off as rather dovish. Quantitative easing will continue into the near future and Fed Chairman Jerome Powell left the door open for future rate cuts.

The Federal Reserve funds rate will stay locked in at 1.5 to 1.75% and the vote was unanimous. Powell said, “We’re comfortable with our current policy stance and we think it’s appropriate.”

POSTED ON January 29, 2020  - POSTED IN Original Analysis

Many of SchiffGold clients hold silver patiently waiting for a drop in the silver to gold ratio. I am very much one of these patient holders of silver.

For those who aren’t familiar, the silver to gold ratio is exactly as it sounds: the price of gold stated in ounces of silver.

Today the silver to gold ratio is trading at about 87:1. In simple terms, this means it takes 87 ounces of silver to buy one ounce of gold.

POSTED ON January 28, 2020  - POSTED IN Key Gold Headlines

Bernie Sanders has gained in the polls of late and only trails Joe Biden by about three percentage points, according to the latest Fox News poll. On top of that, Sanders matches up against President Trump. He leads 48% to 42% in a head-to-head matchup.

Peter Schiff told Fox Business that a Sanders presidency would be an economic disaster for the US, but it would be good for gold.

If Sanders becomes president in 2020, the price of gold will be well above $2,000 on the day after election night.”

POSTED ON January 27, 2020  - POSTED IN Guest Commentaries

Silver tends to get lost gold’s spotlight but there are reasons to consider adding silver to your portfolio as well. The silver-gold ratio remains at historically high levels. Practically speaking, this means silver is on sale. The supply and demand dynamics also look good for the white metal. Demand is up and global mine output fell last year.

There have been financial commentators, pundits, and asset managers who have stated that during periods of stagflation — low real GDP growth and high inflation — silver has underperformed gold. But as Dan Kurtz of DK Analytics shows, that conventional wisdom doesn’t hold up to scrutiny.

POSTED ON January 24, 2020  - POSTED IN Friday Gold Wrap

While impeachment proceedings kicked off at home President Trump was in Davos, Switzerland, talking up the US economy. He called it the best economy in American history. Is it though? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the economy, what’s really driving it, and why this might be a good time to think about gold.

POSTED ON January 23, 2020  - POSTED IN Videos

Rick Rule talked with David Lin of Kitco News at the Vancouver Resource Investment Conference. Rule is the senior managing director at Sprott Inc., and he’s bullish on gold. During this discussion, Rule explains why, touching on a range of subjects including the Federal Reserve, the trade war, the US dollar, the bond market and more.

To kick off the interview, Lin points out that gold has been rather range-bound since the price spiked in the wake of tensions in the Middle East. Rule said this is a sign of a healthy gold bull market.

POSTED ON January 22, 2020  - POSTED IN Key Gold Headlines

The price of gold is up by about 2.7% so far in 2020. But gold stocks are down on the year. Why is this happening and what is this telling us?

When we talk about gold stocks, we’re referring generally to stock in companies involved in gold mining and exploration. The valuation of these stocks as a group typically track with the price of physical gold. When the price of gold is going up, the miners typically follow along.

So, why this recent divergence?

POSTED ON January 20, 2020  - POSTED IN Key Gold Headlines

Peter Schiff has been saying the Federal Reserve is going to let the inflation monster loose and this is going to be good for gold. Some people in the mainstream are starting to pick up on this theme.

During a recent interview with the Financial Times, Bridgewater Associates co-chief investment officer Greg Jensen said gold could surge over $2,000 as central banks embrace higher levels of inflation.

POSTED ON January 17, 2020  - POSTED IN Fun on Friday

Florida man…

Uh oh! You know something good is coming, right?

Here it is — Florida man refuses to pay for gold-plated steak he didn’t order, Salt Bae calls cops

POSTED ON January 17, 2020  - POSTED IN Friday Gold Wrap

Donald Trump and Chinese Vice Premier Liu inked their signatures on the Phase 1 trade deal this week. But was it really a big deal? Or was it no deal? Mike Maharrey talks about it on this week’s Friday Gold Wrap podcast. He also talks about why the gold market seems to be holding steady despite some strong headwinds and the outlook for the yellow metal in 2020.

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