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Yearly Archives: 2019

Debt ceiling increases

Few Americans are aware that our federal government does not have a limit on how much money it can spend.  It was not always that way. Prior to 1939, Congress had to approve every purchase made by the Treasury.  It was then that Congress imposed a debt ceiling, which was watched closely by all.   Fiscal

Inflows into gold-backed ETFs continue

Gold-backed ETFs and similar products added 52 tons of gold in July, in addition to the 125 tons added in June, increasing their collective holdings to 2,600 tons – a level not seen since March 2013.  ETFs are preferred by many institutional and large investors, while smaller investors (and some large investors) like to buy

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