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The global precious metals market is worth at a staggering $182bn. For most of human history, precious metals have been a tradeable commodity and a source of wealth for many people. If you’ve been thinking of making an investment in precious metals, then you’ll no doubt be curious to know about the different types of
Government current expenditures Explosive growth of Fed’s balance sheet, 1980-2021 Year-over-year change in gross public debt (billions), 1980-2020
Goldman Sachs forecasts a federal deficit of $3.6 trillion for the current fiscal year. Last year’s deficit was a mere $984 billion, for a 3.6- fold increase. Fedgov’s fiscal year ends September 30.
On our Specials Pages, we offer for sale—at really low prices–various forms of gold and silver. For example, on our Gold Specials Page you will often find small old European gold coins, old US gold coins, scratched or slightly dinged coins, and commemorative coins.
As can be seen in the graph, the world’s central banks were sellers of gold up until the 2008 World Financial Crisis (WFC). After which, they became strong buyers, with the last six quarters seeing significant buying.
We’re now the-thirds of the way through the second quarter, and GDPNow, which is measured by the Federal Reserve Bank of Atlanta, shows a GDP growth of only 1.3%, versus a 3.2% growth in the first quarter.
Supposedly, the White House is about to promise a balanced budget by 2034. I’ve been down that road many times in my 45 years of monitoring federal budgets, and it never happens. Making this promise even more ridiculous is that it is based on a projected GDP growth of 3% for the next 15 years.
Want a reliable indicator of where the economy is headed? Look no further than the chart below.
“If you asked me to look across the commodity landscape and pick what I liked best, it would be gold. Literally, just this morning I saw that central banks are buying lots of gold. Sam Zell is buying lots of gold. You can try to fade this (bet against it) if you want, but it’s
Anthony Ward, famed London commodities trader, closed shop after nearly forty years of trading. His reason: he couldn’t keep up with computer trading. According to Reuters, Ward blamed the rise of computer-driven funds and high-frequency trading. Other well-known commodities investors also threw in the towel. They are now looking for opportunities where machines can’t make
