Silver Bar SchiffGold | James Alexander Michie

Gold’s recent correction has taken silver down with it. The white metal dipped below $21 an ounce at its lowest, about $8 off its August highs. That has led some to speculate that we’ve seen a knockout blow for silver. These are generally the same people who have declared the […]

Foreclosure SchiffGold | James Alexander Michie

Last month, we reported that mortgage delinquencies charted their biggest quarterly rise ever. Digging more deeply into the numbers, we find even more trouble brewing in the subprime mortgage market. Of the 8 million active mortgages the FHA insures, 17% were delinquent in July. That ranks as the highest level […]

Bank of England Vault SchiffGold | James Alexander Michie

Read the original article on SchiffGold. Which countries have the biggest gold reserves? Central banks globally have been increasing gold holdings over the last few years. Central bank demand came in at 650.3 tons last year. That was the second-highest level of annual purchases for 50 years, just slightly below […]

400 oz Gold Bars SchiffGold | James Alexander Michie

Read the original article on SchiffGold From time to time, you will hear people inexplicably say, “Gold is just a useless metal.” They claim that gold’s value is simply “a matter of faith.” This is sheer nonsense. In fact, gold is one of the most useful metals on the planet […]

Business Closed SchiffGold | James Alexander Michie

Gold and silver sold off when Russia announced that it had an effective vaccine for coronavirus. This plays into the myth that a cure for COVID-19 will cure the economy. But there is plenty of evidence suggesting the damage to the economy is deep and will likely have long-lasting impacts […]