Silver has hit $50 twice in my 45 years in precious metals bullion business, January 1980 and April 2011. Both times would have been excellent times to have sold. I did not see either and was not a seller. What will be the right move the next time silver hits $50, sell or hold?
Alan Greenspan, Federal Reserve chairman 1987 – 2006, says unfunded entitlement programs are the biggest threat to the dollar. Before discussing how to rectify this problem, consider just how big this problem is.
Historically gold puts in nearly 100% of its annual gain between early July and the end of February, which means that now, right in the middle of all the pessimism about gold (and silver), is the time to add to your precious metals holdings.
Whenever corporate debt-to-GDP has had sharp runups, reaching levels of 40% plus, recessions have followed. Three times since 1986, aggressive taking on of corporate debt has been followed by recessions.
Listening to analysts and economists who are frequent guests on financial programs, you might conclude that higher interest rates — which the Fed is imposing — will be good for the economy. No, they won’t.
According to news wire reports, gold’s $20 plus upside move today is part of a rush to safe havens. US Treasuries are up also, which means that yields are down. The blame, again according to reports, lies with the tariffs that Trump laid on Chinese imports. China fired back with tariffs of its own. Will
Gold bugs know the dire circumstances of the federal government’s financial condition, but now mainstream columnists and talking heads are throwing out statistics that should cause even the most devoted stock investors to consider buying gold or silver:
Rather than endure another government shutdown, in the early hours of February 9, GOP and Dem Swamp Creatures joined hands and laid on the American people a budget-busting two-year agreement that will add $400 billion to the national debt. The deficit is now locked in at $1.2 trillion or 6% of GDP for fiscal year 2019. The
The dollar sank 11.7% over the last twelve months, and gold climbed 10%. The dollar is measured against a basket of non-redeemable paper currencies, the euro (57.6%), the yen (13.6%), pound sterling (11.9%), Canadian dollar (9.1%), Swedish krona (4.2%) and the Swiss franc (3.6%). Only a few decades ago currencies were measured against gold. For
All the talk in political and monetary circles is about the GOP efforts at tax reform. At this time, it is not possible to know the final form the bill will take. The Senate has its version, the House has its version. Compromises will have to be made, and there will be some serious horse