Gold Bar Closeup SchiffGold | James Alexander Michie

Gold broke through $1,900 on Friday morning and kept pushing upward, setting an all-time record during Asian trading hours on Monday. Gold was trading as high as $1,944 an ounce early Monday. The previous record price for gold came in the third quarter of 2011 at just over $1,920 an […]

Closed Sign SchiffGold | James Alexander Michie

Permanent business closures are rising as the economic impacts of the coronavirus-induced government shutdowns continue to ripple through the economy. This is yet another sign that the promised “v-shaped” economic recovery will likely never materialize. Business closures on Yelp peaked about 177,000 on April 19 and fell to 132,500 as […]

Gold Bars SchiffGold | James Alexander Michie

Over the last few weeks, a number of mainstream banks and financial institutions have issued bullish outlooks for gold, forecasting record prices. Citibank projects $2,000 gold by early next year. Goldman Sachs now sees record gold prices within the next 12 months. And Bank of America released a note saying […]

Saving Piggy Bank SchiffGold | James Alexander Michie

Over the last several decades, the Federal Reserve and the US government have almost exclusively directed their policies toward “stimulating” spending. Artificially low interest rates incentivize borrowing and discourage savings. But spending money isn’t the only thing that makes the economy go around. Savings are crucial and the lack of […]