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POSTED ON November 27, 2020  - POSTED IN Friday Gold Wrap

The Dow Jones cracked 30,000 this week and stocks continue to surge generally upward as investors are embracing risk-on sentiment based on high hopes a vaccine may put an end to the coronavirus pandemic. But there’s more to it than that. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a deeper look at what’s really driving this market mania, and he also takes down the myth that printing more money means more wealth.

POSTED ON November 24, 2020  - POSTED IN Guest Commentaries

We’ve written extensively about the government intentionally devaluing our money. As one economist put it, the intentionally inflationary policies of central banks and governments are “daylight robbery.” But what’s the solution to this problem?

Economist Thorsten Polleit argues we need a free market in money. But is this possible? Wouldn’t this create monetary chaos?

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

When governments started locking down the economy in response to coronavirus, the Federal Reserve sprung into action. First, it slashed interest rates to zero. Then it quickly launched what we’ve dubbed QE infinity. In effect, that meant printing trillions of dollars out of thin air and pumping them into the economy.

Meanwhile, the US government did its part, passing a massive stimulus bill – pumping trillions of dollars of borrowed money into the economy. Of course, the Fed monetized a big chunk of that debt via QE infinity. So, in effect, the federal government joined forces with the central bank to pump trillions of dollars out of thin air into the economy.

POSTED ON November 11, 2020  - POSTED IN Key Gold Headlines

Gold has helped Indians weather the economic storm caused by the coronavirus pandemic.

The government response to COVID-19 has ravaged the Indian economy. As a result, many banks are reluctant to extend credit due to fear of defaults. In this tight lending environment, many Indians are using their stashes of gold to secure loans.

POSTED ON August 20, 2020  - POSTED IN Guest Commentaries

When gold moved above its all-time record price last month, we pointed out that it’s easier to understand gold’s record-breaking move up if you look at it from the other side of the equation. The dollar is now at its all-time low compared to gold.

In simple terms, the dollar is losing value and dollar debasement is driving up the price of gold.

POSTED ON June 23, 2020  - POSTED IN Key Gold Headlines

The mainstream generally treats the gold standard as a bygone relic of a primitive past — something Grandpa might remember fondly along with 5 cent eggs and walking to school uphill both ways. But in this modern era of wild monetary policy and unprecedented money printing, even some in the mainstream are starting to think Grandpa may have been a little wiser than we thought.

A recent article in The Economic Times extolled the virtues of the gold standard and advises “make a strategic allocation to gold.”

POSTED ON May 29, 2020  - POSTED IN Friday Gold Wrap

The Dow Jones is back of 25,000 and despite increasing tensions with China, people seem pretty optimistic about the economic future as states begin to open back up. SchiffGold Friday Gold Wrap host Mike Maharrey says people should know better. He makes his case by digging into some of the long-term ramifications of the economic shutdown and the government/central bank response to it. He also recaps the last month in the gold and silver markets.

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