“Remember how much people loved gold back in 2011? I think it is time to love gold that much again.” Jared Dillian 1/28/19, The Daily Dirtnap. Dillian’s guesses as to why gold recently topped $1300: *The Fed may back off on reducing its balance sheet, which would mean a looser monetary policy than previously anticipated;
There are a lot of reasons for buying gold and silver but none better than the financial tsunami that is about to wash over the federal budget as some 10,000 Baby Boomers turn 65 daily in the United States, swelling the rolls of Americans who depend on Social Security and Medicare. ______________ At some point,
Having sold gold and silver for more than 45 years, I’ve had the privilege of doing business with some remarkable people, whose names I’ve not mentioned, keeping their investment decisions private. But, I have to note what a client did recently. He rode his bicycle — alone — from San Diego, CA to Jacksonville, FL
In September, when gold was trading in the $1200 range, Morgan Stanley, a major Wall Street investment house, predicted $1300 gold by year end. It’s now year-end, and gold did not hit $1300; however, it did climb to $1280, making the forecast a really good one. Two developments that Morgan Stanley thought could send gold
China’s economy has been in decline most of this decade, and President Trump’s tariffs on China’s exports of goods to the US worsens China’s woes. It’s stock market is down some 30% this year. China’s leaders are embracing standard Keynesian moves to ameliorate the situation, starting first with easier credit and expanded tax cuts. Basically,
With Wednesday’s increase in the fed funds rate to the 2.25% – 2.5% level, Jay Powell, Fed chairman, challenged President Trump to a game of chicken. Already Powell looks weak. In his press conference after announcing the rate increase, Powell backed off three rate increases forecast for 2019 to two and included in his statement
Gold pushed at $1240 today (spot market) as the Dow Jones Industrials were down 800 points in early trading after closing down 800 points Tuesday. Stock markets were closed Wednesday in honor of President George H. W. Bush’s passing.
As 2019 rolls around, advertisements will abound with promotions of 2019-dated gold and silver coins. Many ads will promote First Release or Early Release gold coins at prices hundreds of dollars above the price of bullion coins. In truth, First Release and Early Release coins are only bullion coins that have been “slabbed” (put in
The video “Why economic collapse never comes” was viewed more than 47,000 times before it was pulled with no explanation givern. In short, it said that economic collapse never comes because of the Establishment’s ability to create money out of thin air. True, the Fed’s ability to create money can forestall economic declines, but the
Worldwide demand for gold rose 6.2 tons year-over-year in Q3, led by robust central bank buying of 148.4 tons, the highest level of quarterly new purchases since 2015, reports the World Gold Council. Bar and coin demand by individual investors climbed 298 tons.