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As can be seen in the graph, the world’s central banks were sellers of gold up until the 2008 World Financial Crisis (WFC). After which, they became strong buyers, with the last six quarters seeing significant buying.
I read many articles and newsletters about topics that may affect the gold/silver markets. The one I never miss is David Stockman’s Contra Corner. Stockman was Budget Director during Ronald Reagan’s first term. Below is the start of his blog post for Thursday, December 19, 2019. “The Turbulent Twenties begin 13 days from now. It
2019 was a solid year for precious metals, with gold up $231 (18.5%) and silver up $2.40 (16.4%) since this time last year. Still, not much attention has been paid to the metals on the financial networks.
Although the Fed denies that it has begun QE4, it continues to inject freshly printed money into the markets, supposedly to keep the fed funds rate in the FOMC desired range of 1.5% to 1.75%. The Fed used three QE programs to avoid an economic crash in 2008. Still, the 2008 crisis is commonly referred
I recently received a promotion for MS63 $10 Indian Head coins at the supposedly fabulous price of $1,195 each. The real market for these coins is just above $800.
“Central Banks only hold gold because of tradition (if you believe their nonsense), so it probably comes as some surprise to many that central banks bought more of this ‘traditional’ asset in the first half of 2019 than they have done in any other first half on record.
As if hanging on to your hard-earned money is not difficult enough, now comes another issue that investors/taxpayers have to face. That is, state and local governments openly admit to $1.4 trillion in unfunded liabilities ($11,000/household), while the Federal Reserve estimates the number to be $4 trillion ($32,000/household).
The below graph is a downward sloping bullish graph for the price of gold. Often times, such formations break out to the upside. Gold is now making its fourth attempt at bettering the top downtrend line, which is where breakouts often occur.
There was a time when going to work for a major U.S. corporation set Americans on a path to the middle class with secure retirements. No more.
The US Federal Reserve and the European Union’s central bank recently announced plans to inject massive liquidity into their respective money markets. However, the Fed denies that its buying is another quantitative easing program while the ECB admits that it is.
