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The Federal Reserve raised interest rates yet again during its July meeting. So, what’s next? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed meeting and the weird messaging, and then speculates about the central bank’s next move given the current economic backdrop. He also talks about a […]
After hitting the highest level since 2019 in the first quarter, Chinese gold demand continued on a solid path through Q2. Through the first half of the year, Chinese gold consumption surged by 16%, according to the latest data from the China Gold Association (CGA).
John Hussman predicted the 2000 and 2008 stock market crashes. Now he’s saying the current stock market bubble will “end in tears.” In a recent note, the Hussman Trust president said the S&P 500 needs to plunge 64% in order to “restore run-of-the-mill long-term prospective returns.”
Millennials are buying more gold than Boomers or Gen-X, according to a recent survey. But there’s a catch. Millennials are also more likely to invest in paper gold instead of physical metal.
Janet Yellen recently said she doesn’t think the US economy will slip into a recession. Friday Gold Wrap host Mike Maharrey explains why he doesn’t think we should put a lot of stock on Janet’s prognostications, and he goes on to point out some major fissures in the economy and financial system that are opening […]
As the saying goes, there’s no place like home. And more and more countries think that’s the case when it comes to their gold. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about why many central banks and sovereign wealth funds are bringing their gold home. He also talks about gold’s […]
In the wake of Western sanctions on Russia after the invasion of Ukraine, many central banks are bringing their gold home for safekeeping, according to an Invesco survey of central banks and sovereign wealth funds.
Stocks and bonds had a tough week last week. In his podcast, Peter Schiff talked about the market moves in the context of Fed rhetoric and the jobs reports. He concluded that we could be heading toward another big leg down in bonds, and this bond bear will maul stocks and the dollar.
Despite a lackluster June, the price of gold rose 5.4% through the first six months of 2023 and was the second-best performing asset class behind only developed market stocks.
Despite doing nothing at the June meeting, Federal Reserve officials continue to talk tough about fighting inflation. The anticipation of another rate hike created headwinds for both stocks and gold this week. But Friday Gold Wrap host Mike Maharrey thinks something is amiss. In this episode, he talks about the disconnect between the central bankers’ […]
