June 26, 2021 Myra P. Saefong New banking rules, part of a sweeping international accord known as Basel III, will come into effect on Monday and mark a big change for European banks and their dealings with gold — potentially altering the landscape for precious metal demand and prices. Like many reforms put in place
When I visited South Africa in 1979, it was the world’s largest gold producer, mining some 1,000 tons a year. Today South Africa is not even in the top 10 gold producing countries. Between 2010 and 2018, the world’s gold production grew by 2.5%. However, over the last two years, production has fallen by 4.78%.
[Written in 1966, 21 years before Greenspan introduced money printing to the Federal Reserve system. Greenspan served as Chairman of the Fed for nearly 21 years.] This article originally appeared in the newsletter The Objectivist and was reprinted in Ayn Rand’s Capitalism: The Unknown Ideal. An almost hysterical antagonism toward the gold standard is one
David Stockman, who served as Ronald Reagan’s Budget Director 1980-1984, in this 23- minute video points out why the economy and stocks are headed for major downturns. Other nuggets gleaned from this video: ** Joy Rides never end well; ** World equities markets have topped $100 trillion; ** Earnings collapsed 30% in 2020, yet stocks
. . . just how much individual families will receive from the recently passed $1.9 trillion COVID stimulus bill, here is what a married couple earning $150,000 with 2 children will receiv: Six checks at $1,400 each: $8,400; Two childcare credits at $3,600 each: $7,200; Two child credits at $3,000 each: $6,000; Total walking around
TAKE ADVANTAGE OF THIS OPPORTUNITY When I originally posted this, gold was at $1906 and silver $24.54. Now, they are at $1870 and $23.42, not big dips but slightly better buys. Actually, it’s been the right move to buy dips in the metals since 2016. But now the reasons for buying are evident. * Under
. . . not in stocks but in gold and silver. Actually, it’s been the right move to buy dips in the metals since 2016. But now the reasons for buying are evident.
It has been my delight to collaborate with Charles Goyette in writing The Last Gold Rush…Ever!, subtitled Seven Reasons for the Runaway Gold Market and How You Can Profit From It. Publication is set for October 27. The book can be pre-ordered on Amazon.
Our Founding Fathers knew of the evils paper money and warned against its issuance.
SPDR Gold Shares, an ETF that owns physical bullion rather than financial derivatives, has become one of the world’s biggest hoards of gold, surpassing even the holdings of some central banks.