It’s time to buy the dips. . .
. . . 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.
With the continued pandemic situation we have suspended local trades. Please call us for updates or to place a trade. We are happy to ship to you FREE of charge.
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Category: Monetary Crisis
The evils of paper money have long been known
Our Founding Fathers knew of the evils paper money and warned against its issuance.
- Category
- Gold
- Monetary Crisis
- The Dollar
Another coronavirus relief package in the pipeline
House Speaker Nancy Pelosi unveiled a more than $3 trillion coronavirus aid package Tuesday, which would be the fifth this year. The House is expected to vote on it Friday, but Senate Majority Leader Mitch McConnell says there is no “urgency.” The package is an 1,800-page document, which offers something for everyone.
- Category
- Debt
- Economic Crisis
- Monetary Crisis
Coronavirus roils metals’ market
Investors who had never thought of buying precious metals are pouring into the metals, depleting inventories. Compounding the problem, the US Mint and the Royal Canadian Mint are closed, and they have not indicated when they will reopen.
- Category
- Gold
- Monetary Crisis
- Silver
David Stockman comments on economic crisis, corona virus, stock buybacks
1) Covid-19 is a severe supply side shock, but main street will bounce back once the public health separation orders are relaxed in the months ahead. The idea of a Depression is nonsense because main street capitalism does not have a death wish. Households and businesses will creatively find ways to cope, repair, replenish and
Fed reverts to QE
To “save the world’s economy” in the 2008 World Financial Crisis (WFC), the Federal Reserve led the world’s central banks in printing money, hiking its holdings of T-bills and other bonds – some quite specious – from $900 billion to $4.5 trillion, a five-fold increase.
David Stockman’s Contra Corner
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
An interesting parallel
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
- Category
- Gold
- Monetary Crisis
- Quantative Easing
You’re on your own
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.
Fed rate hikes and reversals
In 2018 the Fed imposed four rate hikes, and stocks were virtually flat for the year. Actually, in the fall of 2018, stocks took a huge tumble.