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
This past Sunday, Scott Pelley interviewed Fed Chairman Jerome Powell on 60 Minutes. Below are some excerpts. PELLEY: Fair to say you simply flooded the system with money? POWELL: Yes. We did. That’s another way to think about it. We did.
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.
“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
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
New investors contend with plenty of hype about precious metals such as gold and silver. While adding precious metals to your portfolio mix can pay off, you should take the time to understand the basic market dynamics for you to maximize your investment. Investing in gold offers several advantages. At a time of global financial
Unless you know exactly what you’re doing, responding to TV ads is a guaranteed way of taking losses on gold/silver investments. Here’s an example of a $127,000 loss on a $296,363 investment made when the price of gold was lower than it is now.